The EV Impact on Oil Consumption by E`LEMENTS / Visual Capitalist As the world moves towards the electrification of the transportation sector, demand for oil will be replaced by demand for electricity
To highlight the EV impact on oil consumption, the above infographic shows how much oil has been and will be saved every day between 2015 and 2025 by various types of electric vehicles, according to BloombergNEF. Link to full article: https://lnkd.in/eYm5iJ8d
"DeFi started on Bitcoin.
Ethereum and Solana popularized it. Now time for all of that activity to come back to the original chain". Dan Held
Which countries have the most rate sensitive household sectors?
Source: BCA, The Longview
Sam Altman ousted by OpenAI and moving to Microsoft:
Microsoft has hired Sam Altman and Greg Brockman to lead a team conducting artificial intelligence research, days after the pair were pushed out of OpenAI, the company they co-founded. Writing on X on Monday, Microsoft chief executive Satya Nadella said that Altman and Brockman, “together with colleagues, will be joining Microsoft to lead a new advanced AI research team”. “We look forward to moving quickly to provide them with the resources needed for their success,” he added. Altman retweeted Nadella’s post on Monday, adding: “the mission continues”. Source: FT
BREAKING NEWS by FT >>>
Microsoft has hired Sam Altman and Greg Brockman to lead a team conducting artificial intelligence research, days after the pair were pushed out of OpenAI, the company they co-founded. Writing on X on Monday, Microsoft chief executive Satya Nadella said that Altman and Brockman, “together with colleagues, will be joining Microsoft to lead a new advanced AI research team”. “We look forward to moving quickly to provide them with the resources needed for their success,” he added. Altman retweeted Nadella’s post on Monday, adding: “the mission continues”. Source: FT
US Commercial Bank deposits fell 2.5% over the last 2 years, the largest 2-year decline on record
Source: Charlie Bilello
BREAKING >>> Sam Altman will NOT be returning as CEO of OpenAI after drama-full weekend for the AI space
Negotiations to get Altman back in the company started less than 24 hours after he was fired. Investors including Microsoft attempted many rounds of negotiations. Staff at OpenAI have also threatened to quit if Altman does not return. But according to CNBC and Bloomberg, the board of OpenAI is bringing in former Twitch CEO Emmett Shear to run the artificial intelligence company, two days after the sudden ouster of Sam Altman, CNBC has confirmed. The Information and Bloomberg both reported on the hiring of Shear earlier. The news was confirmed to CNBC by a person familiar with the matter who asked not to be named because the discussions were confidential. Source: CNBC
US stocks (Russell 3000) less the Mag 7 is up only +2.95% this year. It is thus underperforming cash for the second straight year.
Source: Jim Bianco
