From TradeBriefs <[email protected]>
Subject Jul 30, 2024 - Meta's AI costs are about to go through the roof
Date July 30, 2024 5:16 AM
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-------------------------

The top stories being read around the world right now!

From the Editor's Desk

What Sets Genius Teams Apart

The most successful executive teams can achieve outsized outcomes, but
they can also be challenging to manage and be a part of. The author, a
psychologist who has worked with executive teams for over 20 years,
explains what sets the best teams apart — their members’ raw
capacity, the scale of their aspiration and achievement, and their
constant generative tension — and unpacks how to manage the latter
so that teams are productive, not destructive.

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Work

Meta's AI costs are about to go through the roof
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AI spending could push the company's overall cost to $50 billion in
2025, according to one analyst

Work

The Republicans Who Want to Make America Have Babies Again
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JD Vance has long spoken about his concerns about the falling
birthrate and its not just him.















Work

Elon Musk shared an AI-altered video of Kamala Harris on X -- where
it's seemingly banned
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The X owner reposted a doctored video of the vice president appearing
to call herself the "ultimate diversity hire"

Work

Ackman's Wait for His Long-Awaited Fund Offering
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The billionaire financiers U.S.-listed investment vehicle is facing a
delay in pricing its I.P.O., the latest speed bump in its journey to
the public markets.














Work

Apple releases first preview of its long-awaited iPhone AI
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Apple on Monday released the first version of Apple Intelligence.

Work

El Chapo's Son Abducted Fellow Cartel Leader to the U.S., Officials
Now Say
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U.S. officials say Joaqun Guzmn Lpez, a son of El Chapo, forced Ismael
Zambada Garca onto a plane bound for the United States, in a case that
landed the two Sinaloa cartel leaders in custody last week.














Work

Nations Denounce Venezuelan Election, Demanding Transparency
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The United States and many Latin American countries said President
Nicols Maduro cannot claim victory without the full release of vote
counts.

Work

Opinion | Democrats Could Regret Calling Trump and His Supporters
'Weird'
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Its silly and counterproductive.














Work

Sony's PlayStation VR2 is cheaper than ever right now
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The PlayStation VR2 is now $205 off at $345, which is its lowest price
to date. The discount comes just before Sony enables PC support for
the headset.

Work

Ukraine military intelligence claims role in deadly Wagner ambush in
Mali
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Malian rebels received necessary information to kill fighters from
Russian military group last week, GUR says














Work

Mexico president asks cartels not to fight each other after arrest of
drug lords
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Andrs Manuel Lpez Obrador makes unusual public appeal after arrest of
top leaders of Sinaloa cartel

Work

Western citizens urged to leave Lebanon as efforts to deter Israeli
attack continue
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Travel warnings issued as US diplomatic efforts reportedly focus on
constraining Israels response by urging it against targeting densely
populated Beirut














Work

Firefighters continue battle against more than 100 blazes burning in
the US
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Many fires ignited by weather, with climate crisis increasing
lightning strikes amid blistering heat and dry conditions

Work

Biden calls for supreme court changes and decries Trump immunity
ruling
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President calls immunity principle dangerous in Austin speech, and
proposes code of conduct and term limits














Work

The fall of EV startup Fisker: A comprehensive timeline | TechCrunch
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Here is a timeline of the events that led fledgling automaker Fisker
to file for bankruptcy.

Work

DEI backlash: Stay up-to-date on the latest legal and corporate
challenges | TechCrunch
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It's clear that this year will be a turning point for DEI.













Work

Stripe's easy-peasy acquisition and why is Twitch still losing money?
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Todays episode of Equity dives into Stripe's latest acquisition, one
YouTuber's successful exit, why Twitch is still losing money and an
autonomous vehicle company making a comeback.

Work

Kamala Harris is an honorary member of Gen X. Here's how her finances
compare to others of that generation
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The vice president appeals to younger voters turned off by the
baby-boomer-ification of American politics.

Work

Guardian Essential poll: almost a third of Australians say they would
vote for Trump if they could
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Survey records 15-point surge in support for Republican presidential
nominee since November 2020, with 36% now considering him favourably

Work

One Word Has Elevated Minnesota's Governor to the Democrats' V.P. Wish
List
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These guys are just weird, Gov. Tim Walz, a former schoolteacher, has
said of the opposition.

Work

Seattle's 'Belltown Hellcat' Is Arrested and Barred From Instagram
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After months of roaring around the city in a souped-up Dodge Charger,
drawing furious complaints and unpaid fines, Miles Hudson was led out
of court on Monday in handcuffs.

Work

Photos of the California Park Fire
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The fire, which has been burning since last Wednesday, is already one
of the largest in the states history.

Work

Roy Cooper Withdraws From Harris's Vice-Presidential Field
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Mr. Cooper, the governor of North Carolina, had been seen as one of
the half-dozen top candidates to join the Democratic presidential
ticket.

Work

Republicans and Democrats Name Members of Trump Assassination Inquiry
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House leaders picked 13 lawmakers with background in national security
and law enforcement, including a Republican who trafficked in
conspiracy theories about the Jan. 6, 2021, attack.

Work

A Trump-Supporting Sheriff's Stand Against Kari Lake in Arizona
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Mark Lamb, a right-wing immigration hard-liner, once might have been
the archetypal Republican Senate candidate in the border state. But
hes the underdog in Tuesdays primary.

Work

U.S. National Debt Tops $35 Trillion for First Time
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The presidential candidates have offered few ideas for reducing the
debt burden as red ink continues to mount.

Work

3 Arrested in Gang-Related Murder of Rapper in Florida
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The authorities said five people traveled from Jacksonville to Tampa
to locate and kill the rapper known as Julio Foolio. Three of them are
in custody on murder charges.

Work

Teenager Accused of Derailing Train and Posting Crash Video Online
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Investigators said a 17-year-old charged with intentionally causing a
freight train derailment in Nebraska had recorded the crash, which he
then posted on YouTube.

Work

Aides in Congress Create Dissent Channel to Protest Support for Israel
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An anonymous group of junior staff members has modeled its effort on
an internal State Department messaging system, hoping to create an
outlet for calls for a cease-fire in the war in Gaza.

Work

Why the Kamala Harris of Four Years Ago Could Haunt Her in 2024
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She ran to the left as progressive ideas dominated the last
competitive Democratic primary. Now, in a tough general election,
Republicans are digging up her old stances.

Work

Trump Agrees to Be Interviewed by F.B.I. in Its Investigation Into
Gunman
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The bureau also provided the most comprehensive portrait to date of
the gunman, revealing that he had carefully concealed more than two
dozen online purchases of weapons and explosives using aliases.

Work

Ford lost nearly $50,000 on every electric car it sold
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The automaker's EV division has lost a staggering $2.5 billion so far
this year and its on track to lose double that by the end of 2024

Work

Olympic surfers are staying on a cruise ship with a waterslide and
real beds
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The olympians are aboard the Auanui 5, which is anchored off Teahupoo,
Tahiti

Work

The Memo: A quitting strategy
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A quarter of bosses admitted that they hoped return-to-office (RTO)
mandates would lead to employees quitting, according to a new survey.

Work

McDonald's is going bigger than a Big Mac
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The burger giant is pilot testing the 'Big Arch' in select markets

Work

Apple gives developers a first taste of its big AI push
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Apple Intelligence was released to registered Apple developers in the
beta version of iOS 18.1

Work

A United Airlines flight had to be diverted after a 'biohazard'
incident
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There was so much vomit happening that the plane had to land early

Work

Full Self Driving is the whole point of buying Tesla stock, analysts
say
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"Just like cheap flip-phones, we dont think anyone will buy non-FSD
cars" in the future, Piper Sandler's team wrote

Work

The highest paid athletes at the Paris Olympics
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The cumulative salaries of Team USAs basketball team total $504
million

Work

The Boeing CEO search just roped in a big aerospace name
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Former Rockwell Collins CEO Kelly Ortberg is reportedly in the running

Work

Paris Olympics' $1.5 billion Seine cleanup thwarted by rain
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Heavy rain has caused river training to be suspended due to unsafe
water quality

Work

Donald Trump's Bitcoin promises send the cryptocurrency's price higher
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   [[link removed]}&lead=419599&emailid=42065&nl=daily]
Trump vowed to establish a strategic national Bitcoin reserve and oust
SEC Chair Gary Gensler

Work

Most renters want to be homeowners -- but they don't think they'll
ever afford it
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While most renters want a home, more than half feel they'll never
afford one, a new CNN poll found

Work

A new blood test for colon cancer just got approved by the FDA
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Guardant Healths Shield test demonstrated 83% sensitivity in detecting
people with colorectal cancers

Work

Apple's big AI rollout seems to have hit a snag
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Apple is planning for Apple Intelligence to be part of software
updates in October, Bloomberg reported

Work

Bitcoin, Bitcoin Cash, Ether, and more: Top crypto to watch this week
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After Donald Trump's speech at the Bitcoin conference, the
cryptocurrency market has received a boost

Work

McDonald's misses the mark as inflation weary consumers stay away
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The fast food chain's U.S. and international sales declined during the
second quarter

Work

Bitcoin nears $70,000, boosted by Trump's Bitcoin conference promises
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Trump vowed to establish a strategic national Bitcoin reserve and oust
SEC Chair Gary Gensler

Work

'Bean counters' get their revenge
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Experts and officials look like they will get more of a hearing than
under the last government.

Work

Delays in food hygiene inspections 'serious public health issue'
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One in five restaurants and takeaways not inspected for more than two
years, investigation finds.

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