Spicy Edition Sunday for 2024-06-30
🔥Tech market analysis, A.I. funding trends, wacky online links, Throwback Thursday reflections, and future insights summed up for you!
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.)
Spicy Edition Sunday for 2024-06-30
Welcome to 🌶️ Spicy Edition Sunday!
Uncover the spicy inspiration behind this week's Fudge Sunday edition, packed with deep links and fresh insights. 🔥
As a quick reminder, longer form Fudge Sunday topics are posted weekly on at https://fudge.org/.
🌶️ Spicy Edition Sunday
Good times. I’ll collapse fudge.org newsletter content into hot.fudge.org for ONLY newsletters and reclaim fudge.org as a more advanced blogging platform that is not limited to email.
I'm also incredibly excited to begin using automated sponsorship features from the platform used to generate this newsletter, Buttondown. 🤓
📈 Markets Monday
Analyzing the past and future of the tech market in Markets Monday.
Looking at the week behind for the tech market.
I typically ask Siri how NASDAQ is doing and wait to hear it if is a big change or not. Siri logic on the definition of what to say if the there is +/- < 1% seems to be varied by day of attempts. More experimentation or going deeper into how Siri makes word choices will be interesting as the new Apple WWDC stories of Siri evolve over the year.
Previously, I mentioned adding a 5 day view contrasted with a 5 year view.
And so, “this seems to be going up for now”, is still true on a long enough timeline.
Looking at the week ahead for the tech market.
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.
And… the winners list narrowed from a dozen to… five.
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
I didn’t have any podcasts or other recorded insights but I did find a few updates on Mastodon and LinkedIn. One link shows the importance of breaking up the few into the many. One link shows, well, not that.
Mike McCue: "I made a slide to communicate the power and benef…" - Flipboard
Attached: 1 video I made a slide to communicate the power and benefit of decentralizing walled gardens via open standards. Feel free to use this if helpful. #Fediverse #ActivityPub
Mark Hinkle on LinkedIn: Guess what? The biggest company in the world is no longer Apple or… | 55 comments
Guess what? The biggest company in the world is no longer Apple or Microsoft. Yesterday Nvidia passed Microsoft with a market cap of over $3.4 trillion… | 55 comments on LinkedIn
🔥 Hot Takes Tuesday
Off the cuff analysis in a rapid fire format.
A few things that caught my attention today in big funding and M&A moves in tech yesterday… and the trend was A.I. related.
AI dominates tech funding and M&A moves, shaping a future of bioengineered indicators and internal data mastery.
Funds, Funding, and M&A
Techmeme: Bright Machines, which automates manufacturing with AI, ML, and robotics, raised a $126M Series C from Nvidia, Microsoft, and others, including $20M in debt (Max A. Cherney/Reuters)
By Max A. Cherney / Reuters. View the full context on Techmeme.
🏭 + 🤖 This is exactly the kind of funding that is going to accelerate a cheap as chips outcome.
Techmeme: Etched, which is building Sohu, an inferencing chip that only runs transformer AI models, raised a $120M Series A, bringing its total funding to $125.36M (Kyle Wiggers/TechCrunch)
By Kyle Wiggers / TechCrunch. View the full context on Techmeme.
🍪 + 🤖 We are only in the very earliest of stages for what will be incredible levels of specialization in custom silicon.
Techmeme: EvolutionaryScale releases AI models called ESM3 to help engineer novel proteins and raised a $142M seed led by Nat Friedman, Daniel Gross, and Lux Capital (Reuters)
From Reuters. View the full context on Techmeme.
🧬 + 🤖 Imagine a world where everything around us has bioengineered indicators based upon novel GFP (Green Fluorescent Protein) designs of A.I. origins.
Techmeme: Belgium-based TechWolf, which provides AI-powered internal talent management software, has raised a $42.75M Series B led by Felix Capital at a $150M valuation (Ingrid Lunden/TechCrunch)
By Ingrid Lunden / TechCrunch. View the full context on Techmeme.
🗄️ + 🤖 Under the guise of the recruiting game shifting from external focus to internal data mastery is probably going to become increasingly popular as a less than subtle form of persistent employee monitoring.
Techmeme: Emergence, which is building “agent-based” systems that orchestrate tasks by routing them to first- and third-party AI systems, emerges from stealth with $97.2M (Kyle Wiggers/TechCrunch)
By Kyle Wiggers / TechCrunch. View the full context on Techmeme.
🧑💼 + 🤖 In related news, by 2030, agentic A.I. will be similar to the fancy digital calculators and ergonomic staplers that were once indispensable parts of the modern office in the 1990s.
Techmeme: Klarity, which uses AI to let companies automate reviews of invoices and other documents, raised a $70M Series B led by Nat Friedman and Daniel Gross (Kalley Huang/The Information)
By Kalley Huang / The Information. View the full context on Techmeme.
💸 + 🤖 Literal non-page turner document analysis is perfectly suited for A.I. and is precisely the kind of utility that makes massive impacts in time savings for creative time that could be spent elsewhere in the business.
🤪 Wacky Wednesday
Explore the wild and wacky world of shared links from online Slack communities.
One unique thing about online Slack Communities is the use of #random channel. Sometimes you come across some real gems.
Each week I go through dozens of Slack communities and select the most interesting shared links found. This will be a safe for work list.
Join me in this collection of what is being shared that is wow, wild, wtf, and wacky each Wednesday.
xkcd: Electric vs Gas
Goat tower - Wikipedia
Tiny beauty: how I make scientific art from behind the microscope
Steve Gschmeissner images tiny creatures and viruses to show the public an unseen world.
The Pulse #97: How did a lone hacker take down North Korea’s internet?
Also: what NVIDIA becoming the world’s most valuable company says about AI, controversy at Slack and Adobe about terms and conditions in the GenAI era, and more
🔙 Throwback Thursday
Throwback Thursday will likely become a format based upon Fudge Sunday Weekly newsletter sections for "Shot and Chaser". Basically, this is a look back at a prior prediction or past news coverage and how that worked out in the present.
shot-and-chaser (2024) by Jay Cuthrell
the on again off again blog of Jay Cuthrell and Fudge Sunday 🤔💡🤯🤓 weekly newsletter
Past examples of "Shot and Chaser" included embedding content from Twitter (as it was known at the time) in the form of a specific tweet. As I come across Twitter URLs in my newsletter archive, I am finding that the change in Twitter ownership, degradation of URLs (link rot), and the transition between different newsletter platforms has made much of this content difficult or, sadly, impossible to follow.
For example, if you were to look back to 2019 press coverage, you’d probably recognize how much the future was going to be awful based on the coverage at the time. Well, okay them.
Red Hat and IBM - While it might seem like it has been longer than 5 years, IBM got approval from the very young EU to acquire Red Hat — and IBM stock has continued to rise another ~30%.
Techmeme: IBM wins unconditional EU antitrust approval for its $34B acquisition of Red Hat (Foo Yun Chee/Reuters)
By Foo Yun Chee / Reuters. View the full context on Techmeme.
Apple - When Jony Ive announce leaving Apple the gloom and doom coverage was fascinating — but in the past 5 years, Apple stock has continued to rise an eye popping 330%+.
Techmeme: Jony Ive to leave Apple later this year, after more than two decades at the company, to start LoveFrom, a creative business, with Apple as its first client (Tim Bradshaw/Financial Times)
By Tim Bradshaw / Financial Times. View the full context on Techmeme.
✅ Final Thoughts Friday
Looking back at the week with an eye to the future.
This week went by in a flash. I hosted another event this morning too. ☕️
Regular readers know I normally work out of The Vault in Beaufort, NC USA. While the parking is not free, the view is legit.
I’m making this event a weekly occurrence and need to decide if there is a free way to spread the word to the niche communities across Fractionals United and my LinkedIn network that is local (or might be local).
Coffee at The Vault · Luma
Let's grab coffee and chat at The Vault
This week, I decided Hot Fudge Daily will get a weekly digest posted in 🌶️ Spicy Edition Sunday as “free” weekly content.
Summary Solstice (2024) by Jay Cuthrell
A fork in the road for summaries approaches
Spicy Edition Sunday for 2024-06-23
Uncover the spicy inspiration behind this week's Fudge Sunday edition, with a balance of deep links and fresh insights.
🔮 Sneak Peak Saturday
Unveiling overlooked tech news with a sprinkle of satire.
Peak 🏔️ vs. Peek 👀
Yes, a play on words.
By Friday, everything seems to be reaching the peak of getting news turned in before a deadline or dread-line.
Why Sneak Peak?
It sometimes seems like we reach a fever pitch in news coverage throughout the week. 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: Quora-owned AI chatbot platform Poe is providing users with downloadable HTML files of paywalled articles from outlets including NYT, Forbes, and The Atlantic (Tim Marchman/Wired)
By Tim Marchman / Wired. View the full context on Techmeme.
Insert Ceiling Cat Meme
Techmeme: Microsoft AI CEO Mustafa Suleyman says content on the open web is “freeware” that anyone can copy or use to reproduce, due to the fair use “social contract” (Sean Endicott/Windows Central)
By Sean Endicott / Windows Central. View the full context on Techmeme.
Insert We're All Trying To Find The Guy Who Did This Meme
Techmeme: ChatGPT and Microsoft's Copilot seemingly drew on conservative misinformation to repeat a false claim about CNN's debate broadcast being on a “1-2 minute delay” (Ben Goggin/NBC News)
By Ben Goggin / NBC News. View the full context on Techmeme.
Insert That Wasn't Me, That Was Patricia Meme
Techmeme: Amazon is investigating Perplexity over whether the AI search startup is violating AWS rules by scraping websites that attempted to prevent it from doing so (Wired)
From Wired. View the full context on Techmeme.
Insert Anthony Adams Rubbing Hands Meme
Techmeme: Sources: Italy opened a probe into Google in December 2022 over €1B in unpaid taxes and penalties from 2018 to 2022, after settling another tax dispute in 2017 (Emilio Parodi/Reuters)
By Emilio Parodi / Reuters. View the full context on Techmeme.
Note: Some images via Unsplash
Disclosure
I am linking to my disclosure.
Cuthrell Consulting LLCAttn: Jay Cuthrell1903 Live Oak St #92Beaufort, NC 28516-0092
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