🌶️ Hot Fudge Sunday for 2024-10-20
I’m sharing updates on market trends, AI investments, and the rise of small modular reactors!
Welcome to the latest Hot Fudge Daily. Each day of the week you get thematic value.
🌶️ Spicy Edition Sunday FREE (Hot Fudge Sunday weekly newsletter captures the best of Hot Fudge Daily and the most clicked links for the week.)
📈 Markets Monday $ (Hot Fudge Daily: What is moving markets and why does it matter for the week ahead?)
🔥 Hot Takes Tuesday $ (Hot Fudge Daily: Get fast unfiltered thoughts on news of the day with just a dash of snark.)
🤪 Wacky Wednesday $ (Hot Fudge Daily: Catch up on the wild and wooly memes from a variety of deep web #random channels.)
🔙 Throwback Thursday $ (Hot Fudge Daily: Examine recent news in a thought provoking Shot and Chaser format.)
✅ Final Thoughts Friday $ (Hot Fudge Daily: A clear eyed look back on the week that was and could have been.)
🔮 Sneak Peak Saturday $ (Hot Fudge Daily: Steady and sober unpacking of the slow news day where muted press releases and disclosure stories try to get buried before the weekend takes all the attention.)
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Hot Fudge Daily Digest
📈 Markets Monday for 2024-10-14
Remember and Reminder on Reactors
You might recall my Hot Fudge Daily update from last month…
I believe that small modular reactors (SMRs) will become more common. — Jay Cuthrell
Well, that didn’t take long. 🤓
Technology - Kairos Power
The KP-FHR is a novel advanced reactor technology that leverages TRISO fuel in pebble form combined with a low-pressure fluoride salt coolant.
Quick Recap
For Market Monday, I look at the same key indicator that I take from a simple Yahoo Finance webpage each week. It’s how I look at things at the closing bell on Monday.
Previously, I decided on a view from Yahoo Finance. For example, this was a view of intraday in Technology which usually gets around a dozen or so interesting companies when the market is moving and a smaller handful of companies when the market is not moving as much.
If you are using Yahoo Applied Filters for Stocks screener you can bookmark your own heat map view.
% Change in Price (Intraday):greater than 4
Region: United States
Market Cap (Intraday): Mid Cap and Large Cap and Mega Cap
Price (Intraday):greater than or equal 5
Volume:greater than 15000
Sector: Technology
Industry: Software—Infrastructure and Information Technology Services and Computer Hardware and Software—Application and Communication Equipment and Electronics & Computer Distribution and Consumer Electronics and Electronic Components and Scientific & Technical Instruments and Semiconductor Equipment & Materials and Semiconductors
🔥 Hot Takes Tuesday for 2024-10-15
Two hot takes on two stories that caught my eye on Tuesday.
💰 + 🤖 When a ~8X sized SPV is made (compared to the investment 5 years ago) as part of an already eye-watering round, it means AI FOMO is very real.
Techmeme: Filing: in OpenAI's $6.6B round, Khosla Ventures invested $405M; the majority, or possibly all, was pooled from other investors via a special purpose vehicle (Marina Temkin/TechCrunch)
By Marina Temkin / TechCrunch. View the full context on Techmeme.
[ where oh where will the workloads live… ]
💰 + 🏗️ A $2B raise for 3 data centers in the US reflects that AI FOMO requires a physical home too.
Techmeme: Data center developer DataBank raised $2B led by the AustralianSuper pension fund to build three US facilities, taking its total raised to $4B+ in the past year (Josh Saul/Bloomberg)
By Josh Saul / Bloomberg. View the full context on Techmeme.
🤪 Wacky Wednesday for 2024-10-16
Each Wednesday I go through dozens of Slack communities. I then select the most interesting shared links. This will always be a safe for work list. 🙈
McDonald’s is finally selling the Chicken Big Mac in the US | CNN Business
When McDonald’s rolled out the Chicken Big Mac in the United Kingdom, it sold out within ten days. Now, it’s likely hoping for a similar success story in the United States.
bag∘cans: "ChatGPT is coming for electricians too." - Functional Café
Attached: 1 image ChatGPT is coming for electricians too.
Dookie Demastered
BRAIN x Green Day | Green Day's landmark album, demastered in 15 formats. The way it was never meant to be heard.
100 raccoons surround home in Poulsbo, Washington
A Washington state woman called 911 after scores of the varmints swarmed her house and prevented her from getting inside.
🔙 Throwback Thursday for 2024-10-17
12 years ago, the 1st generation iPad mini offered a 7.9 inch screen for just $329 with impressive specifications for the times.
Techmeme: Apple announces the 7.9-inch iPad for $329, shipping November 2nd (Vlad Savov/The Verge)
This story, by Vlad Savov / The Verge, appeared on Techmeme.
Today, Apple has grown the iPad mini screen a bit and the price along with it but the current specifications are absolutely astonishing by comparison.
Techmeme: Apple unveils an updated iPad mini with A17 Pro, Apple Intelligence, and the same 8.3" display, starting at $499 with 128GB of storage, available to pre-order (Tim Hardwick/MacRumors)
By Tim Hardwick / MacRumors. View the full context on Techmeme.
✅ Final Thoughts Friday for 2024-10-18
When it rains, it pours and I am unable to say “done” with my updates to AI Field Day 5 delegate notes. Worst case scenario, I’ll publish prior to arriving for Cloud Field Day 21 this week.
Two stories that caught me eye this week:
Google inches towards power from small modular reactors. ⚛️ ☢️
Amazon inches towards funding small modular reactors. ⚛️ ☢️
Techmeme: Google signs an deal to buy nuclear energy generated from multiple small modular reactors developed by US-based Kairos Power, targeting 500 MW by 2035 (Jennifer Hiller/Wall Street Journal)
By Jennifer Hiller / Wall Street Journal. View the full context on Techmeme.
Techmeme: Amazon signs three deals to help develop small modular nuclear reactors in the US, with Amazon's Climate Pledge Fund leading a $500M Series C-1 for X-energy (Diana Olick/CNBC)
By Diana Olick / CNBC. View the full context on Techmeme.
This makes sense. It was just a few months ago that press coverage of increasingly nuclear power options were imminent.
Techmeme: The owners of about a third of US nuclear power plants are in talks with tech companies to provide electricity to new data centers needed to meet AI demand (Wall Street Journal)
From Wall Street Journal. View the full context on Techmeme.
🔮 Sneak Peak Saturday for 2024-10-19
By Friday, everything seems to be reaching the peak of getting news turned in before a deadline or dread-line. It sometimes seems like we reach a fever pitch in news coverage throughout the week.
Peak 🏔️ vs. Peek 👀
Then there is a trope, cliché, or bromide about slow news days and the quietly mentioned news updates sent on a Friday — to try and sneak it past wider coverage. Or, in a nutshell, peak patronizing publishing.
In that spirit, here are a few stories that you might have missed on the slow news of a Friday.
Insert Let's See Who This Really Is Meme
Techmeme: Sources: the US is probing if TSMC has been making AI or smartphone chips for Huawei in breach of US sanctions, including Huawei buying chips via intermediaries (Qianer Liu/The Information)
By Qianer Liu / The Information. View the full context on Techmeme.
Insert Ceiling Cat Meme
Techmeme: X updates its ToS to steer any disputes by users to the US District Court for the Northern District of Texas, whose judges often favor conservative litigants (Nate Raymond/Reuters)
By Nate Raymond / Reuters. View the full context on Techmeme.
Insert We're All Trying To Find The Guy Who Did This Meme
Techmeme: Byju's founder Byju Raveendran says his edtech startup, valued at $22B in 2022, is effectively “worth zero”, and that he made mistakes and mistimed the market (Manish Singh/TechCrunch)
By Manish Singh / TechCrunch. View the full context on Techmeme.
Insert That Wasn't Me, That Was Patricia Meme
Techmeme: Students, academics, and developers say AI writing detectors are most likely to falsely flag essays written in a more generic manner as written by AI tools (Bloomberg)
From Bloomberg. View the full context on Techmeme.
Insert Anthony Adams Rubbing Hands Meme
Techmeme: The US Treasury says its enhanced detection tools, including AI, helped in the prevention and recovery of $4B+ in fraudulent payments in FY 2024, up over 6x YoY (Todd Feathers/Gizmodo)
By Todd Feathers / Gizmodo. View the full context on Techmeme.
Note: Some images via Unsplash
Disclosure
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Cuthrell Consulting LLCAttn: Jay Cuthrell1903 Live Oak St #92Beaufort, NC 28516-0092
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