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The top 25 stories curated by editors and fellow readers!
Editor's Pick
Experts vs. Imitators
[[link removed]}&lead=419599&emailid=56736&nl=daily of all
the money managers who borrow their talking points from Warren
Buffett. They might sound like Buffett, but they don’t know how to
invest the way Buffett does. They’re imitators. Charlie Munger once
commented: “It’s very hard to tell the difference between a good
money manager and someone who just has the patter down.”
Imitators can’t answer questions at a deeper level. Specific
knowledge is earned, not learned, so imitators don’t fully
understand the ideas they’re talking about. Their knowledge is
shallow. As a result, when you ask about details, first principles, or
nonstandard cases, they don’t have good answers.
Continued here [[link removed]}&lead=419599&emailid=56736&nl=daily]
"TradeBriefs has been instrumental in keeping our team updated with
the latest trends in emerging markets. The insights provided are
invaluable for our strategic planning."
- John Anderson, CEO of GlobalTech Solutions, USA
Work
GitHub Copilot competitor Codeium raises $150M at a $1.25B valuation |
TechCrunch
[[link removed]}&lead=419599&emailid=56736&nl=daily]
“An overabundance of hype is a challenge the industry faces,”
Mohan said. “This will make it harder for every company to truly
convince end users that they are at the forefront of possibility. But
we believe that truth-seeking and realistic AI companies like Codeium
will eventually cut through this noise.”
Work
School calendars are torturing parents. ChatGPT can help. - Business
Insider (No paywall) [[link removed]}&lead=419599&emailid=56736&nl=daily]
Anyone responsible for a school-age child has dealt with the nightmare
task of the school calendar. School calendars are often formatted as a
PDF, image, or Word doc — and are often incredibly mobile-hostile.
Trying to find it on the school's website or in your email (why do
schools send everything as attachments?! Ugh!) is a nightmare when you
need to look up whether your kids have school on Presidents Day.
Work
Neuralink's first patient says he's named his brain-implant device and
is using it to learn French and Japanese - Business Insider (No
paywall) [[link removed]}&lead=419599&emailid=56736&nl=daily]
Noland Arbaugh, who is quadriplegic and became the first person to
get the computer-controlling implant developed by Elon
Musk's brain-interface company, said Wednesday that he had named the
device "Eve" and was working with it to improve himself in different
ways.
Work
Putin and Kim Jong Un's new alliance is proving to be a win-win -
Business Insider (No paywall) [[link removed]}&lead=419599&emailid=56736&nl=daily]
The North Korean supply line means Russia can continue sustaining its
grinding war of attrition in Ukraine for the foreseeable future, say
analysts, as it seeks to corrode international support for Kyiv and
waits for Ukraine to run out of ammo.
Work
Can Solar Costs Keep Shrinking?
[[link removed]}&lead=419599&emailid=56736&nl=daily]
The more solar panels we1 produce, the cheaper they get. If the trend
continues for a few years, the promise is that electricity will be too
cheap to meter. Indeed, solar is already the cheapest source of
electricity.2
Work
Major Sites Are Saying No to Apple's AI Scraping - WIRED (No paywall)
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Less than three months after Apple quietly debuted a tool for
publishers to opt out of its AI training, a number of prominent news
outlets and social platforms have taken the company up on it.
Work
Amazon is using my grocery purchases to sell me prescription drugs
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Independent journalism is more important than ever. Vox is here to
explain this unprecedented election cycle and help you understand the
larger stakes. We will break down where the candidates stand on major
issues, from economic policy to immigration, foreign policy, criminal
justice, and abortion. We’ll answer your biggest questions, and
we’ll explain what matters — and why. This timely and essential
task, however, is expensive to produce.
Work
Real-Estate Shopping for the Apocalypse - The New Yorker (No paywall)
[[link removed]}&lead=419599&emailid=56736&nl=daily]
What if they’re right? What if a nuke drops, or climate change turns
the world into a foaming puddle, or the next pandemic is spread
through selfies? Billionaires have recently been spending millions
building themselves customized bunkers, in the hope that they can ride
out the apocalypse in splendor. In January, a video surfaced of the
rapper Rick Ross bragging that his bunker will be better than Elon
Musk’s bunker. (Musk is not known to have a bunker, but that’s a
detail.) Ross’s bunker will have multiple “wings” and a “water
maker.” Also, plenty of canned goods. Ross’s bunker might even
have its own bunker. But what about me—and, if I’m being generous,
you? Are there affordable underground shelters available for us to
hole up in?
Work
Why Sudan's catastrophic war is the world's problem - The Economist
(No paywall) [[link removed]}&lead=419599&emailid=56736&nl=daily]
The war in Sudan has received a fraction of the attention given to
Gaza and Ukraine. Yet it threatens to be deadlier than either
conflict. Africa’s third-largest country is ablaze. Its capital city
has been razed, perhaps 150,000 people have been slaughtered and
bodies are piling up in makeshift cemeteries visible from space. More
than 10m people, a fifth of the population, have been forced to flee
from their homes. A famine looms that could be deadlier than
Ethiopia’s in the 1980s: some estimate that 2.5m civilians could die
by the end of the year.
Work
Genentech is shedding even more employees - STAT (No paywall)
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Hey there. We await one of the year’s biggest biotech readouts, and
have lots of GLP-1 news today: Eli Lilly’s offer to slash pricing
for Zepbound isn’t as magnanimous as it appears, and more.
Work
Meta Kills Off an Augmented Reality System That Many Creators Relied
On - Inc.com (No paywall) [[link removed]}&lead=419599&emailid=56736&nl=daily]
Meta announced yesterday that it's ditching one of its augmented
reality systems: Meta Spark. This tool let creators apply AR filters
to videos shared on Meta's social platforms like Instagram, adding
some 3D graphical pizazz to otherwise regular content. The tool's been
used countless times by "hundreds of millions of people across Meta's
platforms," the company's blog post says. But Meta's decided to kill
it off as part of its "larger efforts to prioritize the products we
believe will best serve the future needs of our consumers and business
customers alike."
Work
What the heck is "corn sweat" and is it making the Midwest more
dangerous?
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Independent journalism is more important than ever. Vox is here to
explain this unprecedented election cycle and help you understand the
larger stakes. We will break down where the candidates stand on major
issues, from economic policy to immigration, foreign policy, criminal
justice, and abortion. We’ll answer your biggest questions, and
we’ll explain what matters — and why. This timely and essential
task, however, is expensive to produce.
Work
How Nayib Bukele's 'Iron Fist' Has Transformed El Salvador
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Before he became arguably the most popular head of state in the world,
Nayib Bukele was an adman. The President of El Salvador has branded
himself the “world’s coolest dictator” and a “philosopher
king,” but he is, perhaps above all, a former publicist attuned to
the power of image—his own and his country’s. On the day we met in
late June, at the presidential offices in San Salvador, Bukele was
dressed all in black. Nine brilliant peacocks roamed the lawn outside.
“A leader should be a philosopher before he is a king,” Bukele
told me, reclining in a chair as the sun set over the lush jungle
grounds, “rather than the typical politician who is hated by their
people.”
Work
What Is Mental Imagery? Researchers Explain The Pictures In Your Mind
- Discover Magazine (No paywall) [[link removed]}&lead=419599&emailid=56736&nl=daily]
Imagine you are in a soccer match, and it’s tied. Each team will
begin taking penalty kicks. The crowd is roaring, and whether or not
your team wins the game depends on your ability to hit the shot. As
you imagine this scene, are you able to picture the scenario with
colors and details?
Work
A New Approach to Knowledge-Sharing Within Organizations - Harvard
Business Review (No paywall) [[link removed]}&lead=419599&emailid=56736&nl=daily]
There are significant trade-offs inherent in traditional
knowledge-sharing tools and mechanisms, such as operating manuals or
trainings. The more comprehensive the instructions, the less likely
that they’ll be absorbed and understood by employees. The more
precise the instructions, the less they allow for customization or
employee initiative. And the more rigid the instructions, the less
they can evolve as circumstances change. The authors instead propose
an approach they call an “evolvable script” — a concise, modular
instruction set outlining the purpose of a task alongside the most
critical actions for accomplishing it. By focusing only on the
essential actions, it allows for easy absorption and daily use.
Moreover, it leaves room for employee discretion in how exactly to
carry out tasks, enabling workers to tailor their approach to the
situation at hand or try out new variations. These interpretations can
be easily reviewed, alongside their outcomes, to evolve the script
over time to reflect new circumstances and learnings.
Work
Uber takes stake in SoftBank-backed self-driving tech startup Wayve
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Uber has also offered rides in vehicles operated by Waymo, the Google
self-driving spinoff, as part of a commercial tie-up. In 2019, Waymo
announced a similar partnership with Lyft, a competitor to Uber.
Work
Jim Wilson's next venture, a surprise startup shutdown, & Lilly's
Zepbound strategy
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Adam Feuerstein is a senior writer and biotech columnist, reporting on
the crossroads of drug development, business, Wall Street, and
biotechnology. He is also a co-host of the weekly biotech podcast The
Readout Loud and author of the newsletter Adam’s Biotech Scorecard.
Work
Uber's latest self-driving partner is an AI startup backed by Nvidia
and Microsoft
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Uber in 2020 sold off its self-driving car project to Aurora
Innovations AUR, which agreed to let its driverless vehicles
eventually operate on Uber’s services. The firms have since teamed
up to work on driverless trucks as part of Uber’s freight division.
Uber also has a partner in Waabi, the driverless truck startup led by
Raquel Urtasun, who previously led Uber’s research into driverless
vehicles.
Work
Harris vows to put Republican in Cabinet in first interview as nominee
[[link removed]}&lead=419599&emailid=56736&nl=daily]
"I spent two terms as the attorney general of California, prosecuting
transnational criminal organizations, violations of American laws,
regarding the passage â illegal passage â of guns, drugs and human
beings across our border," she said. "My values have not changed."
Work
Opinion | America Needs Georgia Republicans to Defend Democracy Again
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Officials in the governor’s office have said they are seeking
counsel from the state attorney general to determine whether the
governor has the authority to address the ethics complaints. A
spokeswoman for Mr. Carr noted that he refused to comply with an
unrelated demand from the State Election Board this summer to open a
new investigation into the 2020 election in Fulton County, where large
Democratic turnout led Joe Biden to win the state. Hopefully, this is
a sign that Mr. Carr would use the powers of his office to reject
other outrageous behavior by the board.
Work
Affirm shares have best day in three years, surge 32% after earnings
beat
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Bank of America analysts said in a note last month that rate cuts
would be beneficial to Affirm's funding costs and for gain on loan
sales. The company moved its merchants to a 36% APR cap on loans, up
from 30% previously, and analysts said this "should remain a tailwind
for yields and GMV growth."
Work
Starlink's local bank accounts are frozen as X prepares to be shut
down in Brazil
[[link removed]}&lead=419599&emailid=56736&nl=daily]
“We are absolutely not insisting that other countries have the same
free speech laws as the United States,” the company wrote in a
statement published in English and Portuguese. “The fundamental
issue at stake here is that Judge de Moraes demands we break
Brazil’s own laws. We simply won’t do that.” The company said it
planned to publish Moraes' "illegal demands and all related court
filings" in the coming days.
Work
OpenAI and Anthropic agree to share their models with the US AI Safety
Institute
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Unlike the non-binding agreement with the federal government, the
California bill would have some teeth for enforcement. It gives the
state’s attorney general license to sue if AI developers don’t
comply, especially during threat-level events. However, it still
requires one more process vote — and the signature of Governor Gavin
Newsom, who will have until September 30 to decide whether to give it
the green light.
Work
Spotify says Apple 'discontinued' the tech for some of its volume
controls on iOS
[[link removed]}&lead=419599&emailid=56736&nl=daily]
According to TechCrunch, Spotify is once again blaming Apple for
violating the Digital Markets Act (DMA), which aims to stop
"gatekeepers" from using "unfair practices" with their products and
services. This includes interoperability with operating systems and
software features. Spotify was only able to display pricing in its app
in the EU this month, following a €1.8 billion ($1.95 billion) fine
back in March for restrictions it placed on other music streaming apps
on the App Store.
Work
Meta says Llama's usage grew tremendously due to the power of open
source
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Meta has published an update on how its Llama large language models
are performing, and they're apparently doing so well that they're now
"approaching 350 million downloads to date."
Work
Suicide rates in England and Wales reach highest level since 1999
[[link removed]}&lead=419599&emailid=56736&nl=daily]
In the UK and Ireland, Samaritans can be contacted on freephone 116
123, or email
[email protected] or
[email protected]. In the US, you
can call or text the National Suicide Prevention Lifeline on 988, chat
on 988lifeline.org, or text HOME to 741741 to connect with a crisis
counsellor. In Australia, the crisis support service Lifeline is 13 11
14. Other international helplines can be found at befrienders.org
Work
Millions swelter as central and eastern US placed under excessive heat
watch
[[link removed]}&lead=419599&emailid=56736&nl=daily]
The American Red Cross urges people experiencing extreme heat to limit
outdoor activities and exercise, avoid sugary, caffeinated or
alcoholic drinks, and try to stay in a place with reliable air
conditioning.
Work
Are Google's monopoly cases 5 years too late or 2 years too early?
[[link removed]}&lead=419599&emailid=56736&nl=daily]
If you want to dive deeper into the early wave of major legal cases
regarding tech giants, their in-market heft and behavior, Rebecca
Bellan joined Alex Wilhelm back in November to talk through it all.
You can catch that episode here.
Work
Exclusive: Atlassian acquires Rewatch as it gets into AI meeting bots
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Reddit’s mobile and web applications went down on Wednesday
afternoon, with more than 150,000 users reporting outages on
Downdetector as of 1:30 p.m. in San Francisco. When trying to
access…
Work
Sub.club aims to fund the fediverse via premium feeds | TechCrunch
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Reddit’s mobile and web applications went down on Wednesday
afternoon, with more than 150,000 users reporting outages on
Downdetector as of 1:30 p.m. in San Francisco. When trying to
access…
Work
Generative AI coding startup Magic lands $320M investment from Eric
Schmidt, Atlassian and others | TechCrunch
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Reddit’s mobile and web applications went down on Wednesday
afternoon, with more than 150,000 users reporting outages on
Downdetector as of 1:30 p.m. in San Francisco. When trying to
access…
Work
After winning a landmark case against real estate agents, this startup
aims to replace them with a flat fee | TechCrunch
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Reddit’s mobile and web applications went down on Wednesday
afternoon, with more than 150,000 users reporting outages on
Downdetector as of 1:30 p.m. in San Francisco. When trying to
access…
Work
Why Taiwan Semiconductor Stock Had a Thursday to Forget
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Bank of America is an advertising partner of The Ascent, a Motley Fool
company. Citigroup is an advertising partner of The Ascent, a Motley
Fool company. Eric Volkman has no position in any of the stocks
mentioned. The Motley Fool has positions in and recommends Bank of
America, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley
Fool has a disclosure policy.
Work
This Ancient Sea Cow Was Killed by a Croc and Eaten by a Shark -
Scientific American (No paywall) [[link removed]}&lead=419599&emailid=56736&nl=daily]
Jaime Bran Sarmiento (illustration); “Trophic Interactions of Sharks
and Crocodylians with a Sea Cow (Sirenia) from the Miocene of
Venezuela,” by A. Benites-Palomino, in Journal of Vertebrate
Paleontology. Published online August 29, 2024 (original publication);
(CC BY 4.0).
Work
Stranded ISS astronauts reveal the US space programme is not in crisis
- New Scientist (No paywall) [[link removed]}&lead=419599&emailid=56736&nl=daily]
It’s official: Butch Wilmore and Sunita Williams are staying on the
International Space Station (ISS) until at least February. This is a
major setback for Boeing’s Starliner, the capsule that brought them
there, but it doesn’t spell doom for the US space programme.
Instead, it highlights the success of the move from governments
providing the only rockets to space to the proliferation of commercial
spaceflight options.
Work
Donors Quietly Push Harris to Drop Tax on Ultrawealthy
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Allies and staff of Ms. Harris have defended the plan to business
leaders in private conversations, explaining that the tax would apply
to only a small slice of wealthy Americans and could be delayed for
investments that are not easily sold, according to the people familiar
with the conversations.
Work
Is Capri Sun ditching its iconic pouches?
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Capri Sun originally launched in Germany in 1969. By 1979, it entered
the U.S. market and quickly became a hit among young consumers. The
brand, acquired by Kraft Heinz KHC in 1991, has continued to reinvent
itself. Its latest move could expand its market presence among adults
and reinforce its position as a popular kids drink in America.
Work
Seniors could save thousands with Biden's cap on out-of-pocket drug
costs, study says
[[link removed]}&lead=419599&emailid=56736&nl=daily]
The $2,000 cap was introduced in the Inflation Reduction Act (IRA),
which AARP advocated for and President Joe Biden signed into law in
2022. The bill also set a $35 monthly cap on out-of-pocket insulin
costs for Medicare enrollees. Additionally, it gave Medicare the power
to negotiate lower prices with drug makers for medications that made
up the most of the program’s drug spending.
Work
There are more 401(k) millionaires than ever, Fidelity says
[[link removed]}&lead=419599&emailid=56736&nl=daily]
What’s more, the Social Security Administration has warned that the
trust funds that some 66 million Americans rely on will be depleted in
2034 due to an overburdened social security system unable to keep up
with the growing number of retirees and people living far longer than
they used to.
Work
Push for Gender Equality in E.U.'s Top Roles Looks Set to Fall Short
[[link removed]}&lead=419599&emailid=56736&nl=daily]
“It’s not a small thing, asking for gender balance and clearly not
getting it,” said a senior European official. “It’s not just
one, two countries.” Speaking on condition of anonymity because the
process was ongoing, the official said that indicated Ms. von der
Leyen’s relations with member states would be more difficult.
Work
CNN's Dana Bash to Interview Harris and Walz on Thursday
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Ms. Bash, 53, the anchor of “Inside Politics” on CNN, started at
the network as a producer shortly after graduating from college; she
has been a stalwart of the channel’s campaign coverage since 2000.
Ms. Bash and Mr. Tapper received praise for their efforts at the June
debate, where they played a muted role as the candidates clashed
onstage.
Work
Looking for Information on L.G.B.T.Q. Travel to Florida? Don't Ask
Florida.
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Colin Lienhard, a gay architect and designer who lives in Miami, said
that he had felt a shift in people’s openness toward gay people,
even in liberal Miami, and so he wasn’t surprised by the removal of
the pages. The effort to hide information that could be helpful feels
like a continuation of what he feels has become normal in Florida:
asking L.G.B.T.Q. people to be silent. “It’s another example of
them trying to erase that we are here,” he said.
Work
Apple and Nvidia in Talks to Invest in OpenAI
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Tripp Mickle reports on Apple and Silicon Valley for The Times and is
based in San Francisco. His focus on Apple includes product launches,
manufacturing issues and political challenges. He also writes about
trends across the tech industry, including layoffs, generative A.I.
and robot taxis. More about Tripp Mickle
Work
'Climate-Friendly' Meat? Regulators Tighten Scrutiny of Label
Buzzwords.
[[link removed]}&lead=419599&emailid=56736&nl=daily]
The new guidance follows growing concern by environmental advocates
and consumer protection groups about what’s often called
greenwashing, or the practice of making misleading claims about a
product’s environmental impact. And it reflects growing scrutiny by
courts and regulators around the world on the labeling of products
aimed at consumers concerned about the environment.
Work
These Architects Embrace Local Styles. And They Fly to Work, Too.
[[link removed]}&lead=419599&emailid=56736&nl=daily]
“The focus has been on the structure, not the behavior that built
it,” Dr. Tello-Ramos said. She said she found that surprising
because nest building is one of the rare behaviors that has a tangible
product, something that can be measured and provide insight into why
birds behave the way they do.
Work
No Vaccines, Tests or Treatments: Congo Lacks Tools to Confront Mpox
[[link removed]}&lead=419599&emailid=56736&nl=daily]
“We thought when there was an emergency declaration from the World
Health Organization in 2022 that then we would get help with
surveillance and really understanding this disease,” said Dr.
Jean-Jacques Muyembe-Tamfum, the director of the National Institute of
Biomedical Research in Kinshasa.
Work
Musk ramps up attacks on Brazil's top judge as X faces possible
suspension, Starlink finances frozen
[[link removed]}&lead=419599&emailid=56736&nl=daily]
X Corp. was subpoenaed by the U.S. House of Representatives' Judiciary
Committee to share information on orders from the Brazil court
concerning content moderation. The Republican-controlled committee,
concerned about censorship, released information about Brazil court
orders asking X to suspend or remove around 150 user accounts from its
platform in recent years.
Work
MongoDB shares surge 13% on guidance boost
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Management nudged up their fiscal 2025 forecast. MongoDB now sees
$2.33 to $2.47 per share in adjusted earnings, with $1.92 billion to
$1.93 billion in revenue. That's up from the May guidance of
$2.15 to $2.30 in adjusted earnings per share and $1.88
billion to $1.90 billion in revenue. Analysts had predicted
$2.26 per share in adjusted earnings, along with $1.90 billion in
revenue.
Work
Dell beats estimates as server sales soar 80%, riding AI wave
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Dell's Client Solutions Group, which focuses on PCs and laptops,
declined 4% on an annual basis to $12.41 billion in revenue. Consumer
sales fell 22% to $1.86 billion, and the company's enterprise PC
business was flat at $10.55 billion in sales.
Work
JD Vance urges billionaire Peter Thiel to back Trump campaign: 'Get
off the sidelines'
[[link removed]}&lead=419599&emailid=56736&nl=daily]
Palantir's CEO Alex Karp, who previously backed Biden, told The New
York Times he supports Vice President Kamala Harris, who became the
Democratic presidential nominee after Biden withdrew from the race in
July.
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