Weekly Market Report. March 1, 2024

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March 1, 2024

Greetings, curious minds! Join us on a journey into the cutting-edge. This newsletter unveils the latest trends shaping our world.

Let’s explore together! 🌐🚀

🔥 Top Reads

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Elon Musk Sues OpenAI 😲

Elon Musk, who helped found OpenAI, has accused the company and its leaders of breaching contractual agreements. The owner of Tesla and X (Twitter) claims that the company has abandoned its original mission to develop AI for the “benefit of humanity, not profit.”

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Bitcoin just printed a $20K monthly candle 🤔

The Feb. 29 monthly close sealed a clear win for Bitcoin bulls. At 43.55%, per data from CoinGlass, February has delivered the biggest gains for BTC/USD since December 2020.

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Google CEO says Gemini AI diversity errors are ‘completely unacceptable’ 🧐

The historically inaccurate images and text generated by Google’s Gemini AI have “offended our users and shown bias,” CEO Sundar Pichai told employees in an internal memo obtained by The Verge.

📈 Market Data

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2024 Halving Date ETA: April 12, 2024

🚨 Important News This Week

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AI

  • Google brings Stack Overflow’s knowledge base to Gemini

  • Microsoft updates Windows 11 with improved Copilot, Widgets, and more

  • Elon Is Using His AI Startup to Help Turn Around X

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Tech

  • Dell forecasts upbeat fiscal 2025 on AI server demand

  • Tesla Rolls Out More China Discounts as Price War With BYD Heats Up

  • Meta to Wind Down Its News Feature in the US and Australia


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Business

  • Disney Family Rebukes Nelson Peltz, Praises Bob Iger in Shareholder Letters
  • IRS launches crackdown on 125,000 wealthy ‘non-filers’
  • China’s factory activity shrinks for 5th month, raises pressure for more stimulus

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Crypto

  • Nokia Aims for Metaverse Expansion in 2030 Strategy

  • BlackRock’s IBIT Bitcoin ETF Attracts $10 Billion in AUM Read more on DailyCoin

  • Binance Slapped with a $10 Billion Fine by Regulatory Authorities

🚨 Notable Companies Secure Impressive Investments

  • Avail has raised $27M in seed funding round co-led by Founders Fund and Dragonfly

  • Talus Network has raised $3M in a funding round led by Polychain Capital

  • QED has raised $3M in a funding round led by Arrington Capital

  • Initia has raised $7.5M in seed funding round co-led by Delphi Ventures and Hack VC

  • Karak has raised $48M in a Series A funding round backed by Lightspeed and others

  • Backpack has raised $17M in a Series A funding round led by Placeholder VC

🎙️Delving into Zenobia Godschalk’s Vision for Blockchain and Hedera Hashgraphy?

Hedera Hashgraph, LG's NFT Ventures, and many more with Zenobia Godschalk | Ep. #73

🙋 Join Me at ETH Denver!

ETHDenver is a community-owned innovation festival committed to empowering the Web3 community to shape this new world while cementing the Rocky Mountain region and the state of Colorado as a thriving hub of Ethereum and blockchain innovation. Founded in 2018 in Denver, Colorado, ETHDenver is best known for its #BUIDLathon and Community Innovation Festivals that celebrate the convergence of blockchain technology, decentralization, education, community and culture.

Don’t miss out – I’ll be here until March 3rd, and I can’t wait to see you there!

🤣 Meme of the Week

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🫰Love What You Read?

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If you have any questions, please contact me directly in my email.

Sincerely,

Constantin Kogan

[email protected]