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Subject Internet hype in 90s fed a power generation bubble. Could it happen with AI? - WSJ - Oct 10, 2024
Date October 10, 2024 2:29 AM
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- The top 25 stories curated by editors and fellow readers!

From the Editor's Desk

The Fusion Strategy Framework

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Internet hype in 90s fed a power generation bubble. Could it happen
with AI? - WSJ [[link removed]}&lead=419599&emailid=76541&nl=daily]
The last time independent power producers were this excited about an
electricity boom cycle was in the late 1990s and early 2000s, when
demand-growth expectations were fueled in part by the growth of
Silicon Valley. It didn’t end well.

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How Shame, Blame and the Internet Eroded Trust in Science - Bloomberg
[[link removed]}&lead=419599&emailid=76541&nl=daily]
The world turned to scientists, doctors and one another for answers
during the Covid pandemic. No one handled it perfectly.















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An Awkward Dance: Harris Has to Defer to the President She Seeks to
Replace
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Ms. Harris has under a month left to make her case to the American
people that she should lead the nation. But even as she tries to show
that she is more than Mr. Biden’s understudy, moments like these are
a reminder of the awkward dance steps required of Ms. Harris to both
serve a boss and seek to replace him.

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What to Know About the 2024 Nobel Prizes
[[link removed]}&lead=419599&emailid=76541&nl=daily]
Previous Nobel Peace Prize recipients include Kailash Satyarthi and
Malala Yousafzai (2014); President Barack Obama (2009); Nelson Mandela
and F.W. de Klerk (1993); the 14th Dalai Lama, Tenzin Gyatso (1989);
and Mother Teresa (1979).














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European unicorn Alan becomes Canada's first new health insurance
company in almost 70 years | TechCrunch
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Around 55 Canadian companies have already expressed interest in trying
Alan. The company plans to onboard one customer per week starting in
January 2025. It will then launch its self-signup portal at some point
during the second quarter of 2025.

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A Turkish Airlines pilot died mid-flight, forcing an emergency landing
in New York
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Turkish Airlines was already on the minds of many New Yorkers because
of the federal charges levied last week against Mayor Eric Adams,
including solicitation of contributions by a foreign national and
bribery. The Department of Justice alleges that Adams, a vocal fan of
Turkish Airlines, accepted thousands of dollars in free flights and
seat upgrades from the carrier.














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TikTok sued by multiple states for allegedly harming young people -
WSJ [[link removed]}&lead=419599&emailid=76541&nl=daily]
TikTok faces lawsuits from more than a dozen U.S. states that allege
the popular video platform, which has attracted attention for the
sometimes risky challenges it hosts, has helped put young people in
danger and harmed their mental health.

Work

Bankrupt EV startup Fisker's legal troubles keep getting worse
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When asked about the situation, Fisker didn’t respond to Reuters
request, likely because the automaker is busy dealing with other legal
issues, like the recent SEC probe over the automaker’s lack of
details about where the company’s corporate records will be kept.














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Resistance to Public Health, No Longer Fringe, Gains Foothold in
G.O.P. Politics
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In a YouTube video earlier this week, Mr. Kennedy promised to “clean
up the public health agencies,” including the Centers for Disease
Control and Prevention, the National Institutes of Health and the
F.D.A. He also urged viewers to buy green Make America Healthy Again
hats, which are available on his website for $35.

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Companies had fun experimenting with AI. Now they have to show the
returns. - WSJ [[link removed]}&lead=419599&emailid=76541&nl=daily]
Business technology leaders are winding down two years of fast-paced
artificial intelligence experiments inside their companies, and
putting their AI dollars toward proven projects focused on return on
investment.














Work

AI startup Writer, currently fundraising at a $1.9 billion valuation,
launches new model to compete with OpenAI
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The generative AI market is poised to top $1 trillion in revenue
within a decade. To date in 2024, investors have pumped $26.8 billion
into 498 generative AI deals, according to PitchBook, and companies in
the sector raised $25.9 billion in 2023, up more than 200% from 2022.

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Investors are betting on user-generated content in video games.
Gamebeast's founder explains why
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Rebecca Bellan covers transportation for TechCrunch. She’s
interested in all things micromobility, EVs, AVs, smart cities, AI,
sustainability and more. Previously, she covered social media for
Forbes.com, and her work has appeared in Bloomberg CityLab, The
Atlantic, The Daily Beast, Mother Jones, i-D (Vice) and more.Rebecca
studied journalism and history at Boston University. She has invested
in Ethereum.














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China finance ministry calls press briefing, firing up stimulus hopes
- WSJ [[link removed]}&lead=419599&emailid=76541&nl=daily]
China’s finance minister, Lan Foan, will chair the press conference
scheduled to start at 10 a.m. on Saturday, the State Council
Information Office said in a notice on Wednesday. Saturday is a
working day in mainland China, though markets will be closed.

Work

Violent megalomaniac Sinwar takes Hamas on even more radical path -
WSJ [[link removed]}&lead=419599&emailid=76541&nl=daily]
After Yahya Sinwar, the man responsible for launching the Oct. 7
attacks on Israel, took full control of Hamas over the summer, Arab
intelligence officials say he sent a directive to a senior operative:
Now is the time to revive suicide bombings.














Work

Florida threatens news stations over ad in favor of abortion rights
measure
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Abortion-related ballot measures have passed in a number of states
since the US supreme court overturned Roe v Wade in 2022, but
Florida’s measure needs to garner 60% of the vote to pass – and
the support for the measure currently appears to be well short of that
threshold, a recent New York Times/Siena College poll found.

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Streamer Plex rolls out movie and TV show reviews | TechCrunch
[[link removed]}&lead=419599&emailid=76541&nl=daily]
Sarah has worked as a reporter for TechCrunch since August 2011. She
joined the company after having previously spent over three years at
ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T.
across a number of industries, including banking, retail and software.













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In Interviews, Kamala Harris Continues to Bob and Weave
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When asked on ABC’s popular daytime show, “The View,” about
accusations from Gov. Ron DeSantis of Florida that she had only
offered to help with a hurricane as a presidential candidate, she
swiftly implicated the criticism as proof of his own partisanship.
When Howard Stern asked her on his SiriusXM program later that
afternoon if she would select Liz Cheney, the Republican former
congresswoman, for her cabinet, Ms. Harris refused to be buttonholed.
“I gotta win, Howard,” she said with an air of first-things-first.
“I gotta win. I gotta win.”

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GM swears it really will make money on electric cars soon
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Despite the shake up in EV strategy at GM, the Free Press reports that
the automaker remains on track to produce 200,000 EVs in North America
this year. Perhaps more importantly for the automaker, the site adds
that the “EV portfolio will reach positive variable profit this
quarter.”

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'If They Say "I've Got Three Kids," I Don't Care,' Says Kevin O'Leary.
Claims 70% Of His Returns Come From Women-Led Companies. Here's Why
[[link removed]}&lead=419599&emailid=76541&nl=daily]
This Adobe-backed AI marketing startup went from a $5 to $85 million
valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in
just three years – here's how there's an opportunity to invest at
$1,000 for only $0.50/share today.

Work

Nvidia Is Still Undervalued, Says $50 Billion Manager Impax
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In fact, “the whole industrial space” now looks undervalued, Simm
said. That may change as a “soft landing in the US” looks
increasingly likely, which is helping restore confidence, he said. The
cost of capital is falling and consumer sentiment is stabilizing, so
equity “is looking more attractive.”

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Rachel Reeves 'must find billions more' in time for Budget - IFS
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The UK had elevated debt levels, substantial borrowing and a current
account deficit, meaning it imports more than it exports, which left
it more vulnerable than the euro area or the US over borrowing
pressures.

Work

U.S. Issues Solar Storm Watch After Large Outburst From the Sun
[[link removed]}&lead=419599&emailid=76541&nl=daily]
The first, in May, put the United States on alert for a severe solar
storm that appeared to be on its way to Earth. That solar storm
reached the highest level of “extreme,” but the early warning
allowed electrical utilities to prepare and helped prevent major
outages.

Work

Nintendo's latest hardware is Alarmo, a $100 motion-sensing alarm
clock (not the Switch 2)
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If you're a Nintendo Switch Online member in the US and Canada, you'll
get first dibs. You can order the $100 Alarmo now and of course I did
so immediately. Nintendo says it will be available at retail early
next year. You can also buy it from the Nintendo store in New York.
While Nintendo includes a USB power cable, you'll need to use your own
AC adapter, which is annoying.

Work

Israel strikes Damascus, targeting Hezbollah weapons smuggler - WSJ
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The Israeli military struck a building in Syria’s capital, targeting
what it believed to be a Hezbollah official involved with smuggling
weapons into Lebanon, a person familiar with the matter said
Wednesday, as it expands its campaign to disrupt supply lines to the
militant group.

Work

An alliance to counter Chinas aggression - WSJ
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China’s operating principle—power and might equals right—is
evident in its combative diplomacy, military aggression against its
Indo-Pacific neighbors, and economic coercion. These strategies,
however, have backfired. China’s attempts to undermine its
neighbors’ sovereignty have had the opposite effect. Over the past
three years, the U.S. and its allies in the region have strengthened
their partnerships and transformed the security landscape, isolating
China.

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Can Kamala Harris cut red tape on construction? - WSJ
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Two events that took place last month are unexpectedly connected: the
50th anniversary of “The Power Broker," Robert Caro’s epic
biography of urban planner Robert Moses, and Kamala Harris’s speech
on the economy in Pittsburgh.

Work

Exclusive: Zap Energy shows off its new fusion power prototype,
Century | TechCrunch
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“Fusion needs to compete with other ways of making electricity and
heat. If fusion power plants cost a lot more than other ways of making
electricity, there’s not going to be many of them. There may be one
that we take our kids to and show on a school field trip, and that’s
it,” Conway said. “The economics of these things is going to
really matter.”

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With Medicare, Harris Sees a Potential Last-Minute Appeal to Voters
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Ms. Harris’s proposal came as more Americans have become familiar
with the painstaking, life-altering work of tending to their older
relatives. The number of Americans who will need home care is expected
to continue growing substantially, with the first baby boomers
entering retirement by the thousands every day.

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Donald L. Barlett, 88, Dies; Prize Winning Reporter Bared Corruption
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Mr. Barlett and Mr. Steele’s multipart series on the middle class,
in 1991, attributed its shrinking to a widening gulf in income between
the top and bottom wage earners and changes in federal tax law that
favored the wealthy. It won several awards and was expanded into a
book, “America: What Went Wrong?” (1992), which sat atop the New
York Times best-seller list for weeks.

Work

Kyle and Jackie O lose advertisers as campaigners accuse show of
normalising 'violent misogyny'
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"While we accept the show does not appeal to everyone, it's the
nation's most successful breakfast program with an audience in excess
of 1.5 million people," the spokesperson said. "The show regularly
takes on feedback from its audience."

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The Boeing machinist strike is nearing its fourth week. Where do
things stand?
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For every day that its assembly lines are shut down, Bank of America
(BAC) analyst Ron Epstein told Quartz that the company is likely
losing $50 million in cash a day, money it needs. Its investment-grade
credit rating is hanging on by a thread; several ratings agencies
putting the planemaker on watch for a cut to junk-bond territory.
Should that happen, it would make Boeing’s problems much more
expensive to fix because its borrowing costs would jump.

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Opinion | The Education Crisis Neither Candidate Will Address
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The downward trend for America’s schools started about a decade ago,
so the pandemic destabilized an already weakened structure. Then the
Covid shutdowns were like “this comet that hit our education
system,” said Michael Petrilli, the president of the Thomas B.
Fordham Institute. Instead of being honest about the scope of the
problems kids are facing, he said, “I think it’s clear that most
of our schools have decided that that’s just the way it’s going to
be, that this generation of kids is not going to catch up.”

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5 Big reasons to attend Disrupt 2024 | TechCrunch
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No matter where you are in your startup journey or professional
career, the insights from industry leaders, the meaningful connections
made through extensive networking, and the inspiration drawn from
engaging discussions are invaluable. Don’t miss the chance to
experience all of this at Disrupt 2024, happening October 28-30 at
Moscone West in San Francisco.

Work

Epic Systems v. Particle: What the Carequality investigation reveals
about the dispute
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In its lawsuit against Epic, filed in September, Particle accused Epic
of trying to kill its business by unfairly singling it out and cutting
off Particle customers’ access to patient records managed by Epic.
The startup also claimed that Epic unduly influenced the Carequality
adjudication process.

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Bridgit Mendler's space startup Northwood passes first test,
connecting prototype antenna to Planet satellites
[[link removed]}&lead=419599&emailid=76541&nl=daily]
The company plans to deploy Portal sites that can support as many as
10 simultaneous satellite connections, with data rates over 1 gigabit
per second per beam, beginning next year. Northwood is currently
assessing locations in the U.S., Europe, Australia and New Zealand for
its first Portal sites.

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Did that startup founder really work through his wedding? | TechCrunch
[[link removed]}&lead=419599&emailid=76541&nl=daily]
Amanda Silberling is a senior writer at TechCrunch covering the
intersection of technology and culture. She has also written for
publications like Polygon, MTV, the Kenyon Review, NPR, and Business
Insider. She is the co-host of Wow If True, a podcast about internet
culture, with science fiction author Isabel J. Kim. Prior to joining
TechCrunch, she worked as a grassroots organizer, museum educator, and
film festival coordinator. She holds a B.A. in English from the
University of Pennsylvania and served as a Princeton in Asia Fellow in
Laos.

Work

After Floods, Soaring Insurance Rates Become a Hot Election Issue
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The contest has typically been treated as a down-ballot afterthought
involving little-known candidates, with hundreds of thousands of
voters leaving their ballots blank. But as housing and insurance costs
have skyrocketed, particularly in areas experiencing whiplash from
climate change and extreme weather, these races are becoming proxies
for public frustration over pocketbook anxieties.

Work

Pedro Snchez unveils plans to help migrants settle in Spain
[[link removed]}&lead=419599&emailid=76541&nl=daily]
His stance appears to have shifted since then, although he said on
Wednesday he would ask the European Commission to advance the
implementation of its recently approved pact on migration - widely
criticised by rights groups who say it will increase suffering - in
order to better share the distribution of migrants and asylum seekers.

Work

Palantir now owns nearly 9% of EV startup Faraday Future -- here's why
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Faraday Future made that first payment in stock before it performed a
1-for-40 reverse stock split on August 16, meaning Palantir initially
didn't own all that much of the startup. But the second payment came
after the split, giving it far more shares and, therefore, a nearly 9%
ownership stake.

Work

The Internet Archive taken down by DDoS attacks
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This isn't the first time the archive has been targeted by DDoS
attacks, but this week's attacks are the latest in a string of bad
news for the Internet Archive. The platform has been fighting a legal
battle over ebook copyrights and recently lost its appeal in the US
Court of Appeals for the Second Circuit.

Work

Prime Day gaming deals for 2024: Save big on the PS5, headsets, mice,
board games and more
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Prince of Persia: The Lost Crown for $20 ($30 off): Its story isn’t
much, and it doesn’t veer too far outside the usual Metroidvania
lines, but The Lost Crown should be a safe bet for most people looking
for a tight-playing action-platformer. This discount marks a new low
for the Xbox copy of the game, though the PS5 and Switch versions
appear to be sold out.

Work

Bose QuietComfort headphones are on sale for a record low $199 for
Prime Day
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If you're already set with over-ear headphones, you might be more
interested in the Bose QuietComfort Ultra Earbuds. Those are on sale
for $229, almost a quarter off the usual retail price. This set has
the same blend of spatial audio and noise canceling as the Ultra
model, but in earbud form. We found the Immersive Audio mode was a big
battery drain, but otherwise these Bose earbuds are a stellar choice
for in-ear headphones.

Work

Zoom's latest feature update focuses heavily on its AI assistant
[[link removed]}&lead=419599&emailid=76541&nl=daily]
Those interested in these Zoom updates can tune in to Zoomtopia 2024
today if in the US. Another session on the 10th will also be tailored
for Asian-Pacific, Middle Eastern and Japanese time zones.

Work

The Microsoft Flight Simulator 2024 technical alpha happens this month
[[link removed]}&lead=419599&emailid=76541&nl=daily]
The image below includes Microsoft’s minimum, recommended and ideal
PC specs. Your PC should at least reach the minimum requirements for a
chance of selection. Spots are also limited, so not everyone who signs
up will be selected. Microsoft says that all who sign up must run a
DxDiag test and provide their PC specs. Selected participants will be
informed of the test dates via email, and access should be limited to
two or three days.

Work

Tornadoes, heavy rain hit Florida as Hurricane Milton heads for
landfall as Category 4
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Biden said Milton could be the worst storm to hit Florida in over a
century and that his administration has already deployed thousands of
federal personnel across the Southeast to aid in recovery.

Work

She Had Thoughts of Harming Her Baby. To Treat Her, Doctors Kept Them
Together.
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But the center, a type of facility known as a mother-and-baby unit,
also did something that no psychiatric wards in the United States
would do: It allowed Ms. Hardie, who had experienced thoughts of
wanting to drown her newborn, to keep caring for her baby as she
received treatment, under careful supervision.

Work

U.S. weekly rail traffic falls 2.5% year-over-year
[[link removed]}&lead=419599&emailid=76541&nl=daily]
The association of American Railroads [AAR] reported on Wednesday that
for the week ending October 5, 2024, total U.S. weekly rail traffic
was 486,187 carloads

Work

Amazon to bring same-day prescription deliveries to nearly half of the
US next year
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The company recently boasted that it has doubled the number of
customers it delivers prescriptions to. This number will likely shoot
up even higher once the service becomes available in more cities next
year.

Work

How to watch Tesla's robotaxi event
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Wired notes that the company doesn’t have an autonomous permit in
California and reportedly hasn’t contacted the state’s AV
regulators about testing. Waymo, Zoox, the beleaguered Cruise and
Apple (no longer in the self-driving car business) have logged
thousands of miles testing their self-driving vehicles in the Golden
State. Waymo is the only company in the US currently operating
robotaxis commercially.

Work

GM is ditching its one-size-fits-all Ultium battery system and
adopting other cell formats
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The shift in battery strategy comes as GM chases profitability in its
EV division. The company said it's getting close to that point. It's
on track to build and sell around 200,000 EVs this year. GM now claims
to be the number two EV seller in North America behind Tesla.

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