Silicon Valley Bank shares fell 80% today and in after-hours trading from where they were at the beginning of yesterday. Silicon Valley Bank lost $1.8 billion in the sale of U.S. treasuries and mortgage-backed securities that it had invested in, owing to rising interest rates. Customer deposits including Peter Thiel’s Founder Fund companies pulled deposits …
Spark Capital is leading a $300 million investment in artificial intelligence startup Anthropic. Google invested $400 million in Anthropic. Anthropic is a competitor to OpenAI which makes ChatGPT. Anthropic is now valued at 4.1 billion. Anthropic was founded in 2021 by former senior members of OpenAI, principally siblings Daniela Amodei and Dario Amodei, the latter …
Elon Musk is live at the Morgan Stanley conference providing an update on Twitter. He describing how Twitter has been made better for advertisers and its users. Elon Musk says he will make Twitter into the biggest Financial institution in the world using payments and other financial services by becoming an Everything App. Twitter is …
It is possible to use AI, like Midjourney, to generate art and resell it at adobe stock photos. Here are some videos that describe how to use Midjourney and the process for upscaling the photos for use and sale on Adobe Stock Photos. Brian WangBrian Wang is a Futurist Thought Leader and a popular Science …
Chamath says that venture capitalist investors are looking for companies that can collect unique datasets. Proprietary unique datasets could be critical to having superior performance for ChatGPT like Generative AI. Brian WangBrian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 …
Starlink has achieved positive cash flow and is on track to turn a profit in 2023 and this starts a countdown to a Starlink IPO. Starlink, SpaceX’s satellite-based internet service, recorded its first quarter of positive cash flow in 2022 and is on track to turn a profit this year, said SpaceX President Gwynne Shotwell. …
The Tesla-PGE Virtual Power plant program pays $2 per kWh. I was paid $426 for my participation in 2022 in the program. My Powerwalls provide PGE with 213 kWh of emergency power. This over 20 hours of support over several power outages. There are over 5000 people signed up for VPP in Northern California. It …
Artificial Intelligence (AI) has made its way into real estate by automating certain processes for investors, landlords, and property managers. For instance, just like sensors installed on cars, sensors in smart home appliances can help you predict when maintenance or replacement is needed. Although this specific technology hasn’t been released to the general market, it …
Tesla has released its fourth quarter earnings. Tesla had their earnings call. Highlights of the call: Year-to-date order demand is over double production levels. This is due to increased demand from the price cuts. Tesla is splitting the Nevada Panasonic battery tax credits. Assuming 50-50 split this would be about $150m per quarter. This will …
This site has written a few dozen articles on the Tesla Semi truck and other electric trucks and there has been criticism from many commenters who say how the Tesla electric semi will not work for them as experienced truckers. Long haul truckers driving 800+ miles a day going all of over the US for …
Japan’s economy has been in relative decline compared to many other developed countries. Japan sold 4.2 million cars in 2022 which is the lowest in 45 years. The cars that were sold were the cheaper K cars like the Honda N-Box and Toyota Yaris. The N-Box and Yaris are 1.6 million yen or about $12,500. …
