🏎 Bitcoin revved up

European lawmakers agreed on AI regulatory rules | British homes got pricier again | [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for December 8th in 3:13 minutes.   ⚡️ If AI is smart enough to ace college essays, land folk dozens of job interviews, and beat chess champions, it's smart enough to fine-tune your portfolio. So join us for [The AI Advantage: Enhancing Portfolio Protection Strategies]( on December 14th and find out how high-tech your portfolio could be. [Grab your free ticket]( Today's big stories - European lawmakers got close to completing the first set of rules for AI - Bitcoin’s on a tear and here are the three big reasons why – [Read Now]( - House prices in the UK rose for a second month in a row All-Nighter [All-Nighter] What’s going on here? After working – read: arguing – until the early hours, European lawmakers [agreed]( on a handful of provisional AI regulatory rules. What does this mean? Despite what the name would have you believe, the “AI Act” isn’t a student production depicting a rogue robot masquerading as a human. Instead, it’s a broad set of rules designed by the European Union to regulate AI. Under the proposed plan, developers like OpenAI would need to record their training methods, log all copyrighted material used, and add disclaimers to any AI-generated content that reaches the real world. Crucially, any systems powerful enough to pose a risk to society at large would be held to strict industry guidelines, and would have to report any unsavory occurrences to the European Commission. Policymakers are hoping to receive the approval stamp before the European elections in June, a bid to avoid the delay that inevitably comes with a reshuffle of parliament. If that happens, the act will mark the first set of formal AI rules to grace the Western world. Why should I care? For markets: Let’s get up to speed. AI developers kicked into high gear this year, determined to keep up with ChatGPT-creator OpenAI. So not only are policymakers playing catch up, but they also have to tread a difficult line: safeguarding the technology’s downside without stifling its potential upside. It doesn’t help that the digital realm tends to be a divisive and perplexing topic in the traditional mahogany walls of government. Zooming out: The not-so-golden rules. Regulation could be the difference between a utopia free of ailments and back-breaking work, and a dystopia fraught with misinformation, more powerful wrongdoers, and automated attacks. But for AI companies, it’s a downer. Just look at C3.ai: the California-based company blamed potential customer firms’ increasingly stringent precautions for its worse-than-expected revenue last quarter and deepening losses for the year as a whole. You might also like: [How AI will change the economy.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=All-Nighter&utm_campaign=daily-global-08-12-2023&utm_source=email) Analyst Take Bitcoin’s Revved Up And Three Things Are Driving The Rally [Bitcoin’s Revved Up And Three Things Are Driving The Rally]( By Theodora Lee Joseph, Analyst Bitcoin definitely knows how to make [some noise](. It’s up by more than [163% this year](, climbing almost 60% in the past six weeks alone. That boisterous rally – which has overshadowed other investments like stocks, bonds, and gold – has got investors [feeling rowdy](. So whether you’re a fan or not, it’s worth taking a minute to understand what’s [driving the returns]( of one of the best-performing asset classes out there this year. That’s today’s Insight: [the latest bitcoin rally and what could happen next](. [Read or listen to the Insight here]( SPONSORED BY ADMIRALS Start investing smoothly in just three steps [Investing can be complicated](, especially with so many platforms competing for your attention. You could hand over some cash to a wealth manager, of course. But investing is a powerful way of claiming control over your finances and future aspirations. So if you want to get it right, check out [Admirals’ resources for beginner investors](. The platform’s expert hosts help you develop essential skills through [free live webinars](, for starters. When you’re ready to put some money behind your ideas, you can use [Admirals’ fractional shares to buy trustworthy names for less]( – we’re talking $1 in most cases. And once you’ve discovered what works, you can set up a strategy and turn on Auto Invest. That’ll [get your money working without keeping you busy](. [Find Out More]( Disclaimer Investing involves risk When you support our sponsors, you support us. Thanks for that. The Price Is High [The Price Is High] What’s going on here? British houses got [pricier]( for the second month in a row. What does this mean? Tight budgets and steep mortgage rates – a result of higher interest rates – mean most Brits have been too focused on stretching their paychecks to even think about buying a house. Hopeful sellers, then, have been pulling down their asking prices to attract any lingering buyers. But if you were holding out for a steal, you might’ve missed your chance. House prices ticked up by 0.5% in November from the month before, after getting 1.2% more expensive in October. Combine that with Bank of England (BoE) figures that showed more mortgages were approved in October than either of the two months before, and the housing market seems set for a revival. Why should I care? Zooming in: Honey, I shrank the housing market. Investors thought British house prices could fall as much as 10% this year – and yet, Halifax plotted them at just 3.5% below last year’s peak. In fact, at £283,615 ($356,590) in November, the average home was £44,000 ($55,314) pricier than in pre-pandemic January 2020. But that’s not because buyers were chomping at the bit. More likely, it’s down to a shortage of houses, forcing hopeful homebuyers to bid more to beat their competition. That wasn’t helped by a steadier-than-expected job market, which meant only a few homeowners had to sell to free up cash, capping the number of properties for sale. The bigger picture: This could all just blow over. The BoE’s interest rates seem to have worn down inflation, so some investors think the central bank could cut rates and ease the pressure on the economy as soon as mid-next year. That would bring mortgage rates down a peg, making it cheaper to own a house and enticing more buyers into the market. And when that happens, sellers and agents could whack some more digits on their asking prices again. You might also like: [How to choose the right mortgage.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=The Price Is High&utm_campaign=daily-global-08-12-2023&utm_source=email) SPONSORED BY OAKLEY Your entryway to private equity Private equity, shareholdings in private companies, has [outperformed public markets]( every year since 2001. Actually, if investors had invested in UK private equity funds back then, they’d have made 34% more than they’d have got from an equal investment in the FTSE All-Share Index. Thing is, premier private equity investments have traditionally been walled off from individual investors. You can get around that, though. London-listed [Oakley Capital Investments (OCI)]( invests in private equity funds. So by investing in OCI, you’ll get [access to those funds and benefit from their performance](. OCI’s share price has risen over 135% in the last five years. [Find out more about the firm behind private equity](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. 💬 Quote of the day "As you grow older, you will discover that you have two hands, one for helping yourself, the other for helping others." – Audrey Hepburn (a British actress) [Tweet this]( SPONSORED BY EUREKA LITHIUM Here’s how the EV revolution could charge your wallet Major economies are now prioritizing sustainability, and electric vehicles are leading the charge. Government subsidiaries and emissions standards are pushing shoppers toward buying EVs and carmakers toward making them. Plus, many EVs are now as cheap as gas guzzlers. That means there’s a major incentive for countries to [hold enough lithium]( – a key mineral in electric batteries – to keep up with demand, or else miss out on sales and net-zero targets. Enter, [Eureka Lithium (OTC:UREKF)](: its exploration experts have zoned in on Nunavik, an underexplored region of Quebec, to discover the area’s [high-grade lithium districts]( before anyone else. Eureka (OTC:UREKF) is ahead of the pack in Quebec, and is determined to use that momentum to become [Canada’s biggest lithium producer](. And because [Eureka’s public, you can go along for the ride](. [Find Out More]( This content is for US investors only, if you are not a US investor please ignore this content. This content is a paid advertisement for Eureka Lithium (OTC:UREKF) from Sideways Frequency and Finimize. This is not Finimize editorial content. Finimize received a fixed fee for producing, hosting and promoting this content on behalf of Eureka Lithium (OTC:UREKF), totalling $16,000. Other than the compensation received for this service, Finimize and its principals are not affiliated with either Sideways Frequency or Eureka Lithium (OTC:UREKF). Finimize and its principals have no ownership in Eureka Lithium (OTC:UREKF). The content on this page should not be taken as advice, an endorsement, or a recommendation from Finimize and its principals to buy or sell any security. Finimize and its principals have not evaluated the accuracy of any claims made on this page. Finimize and its principals recommend that investors do their own independent research and consult with a qualified investment professional before buying or selling any security. Investing is inherently risky and capital is at risk. Past performance is not indicative of future results. When you support our sponsors, you support us. Thanks for that. 🎯 On Our Radar 1. McDonald's is embracing AI. Maybe the [ice cream machine]( will finally work. 2. Meet the hospitality industry's disruptor. [This newly public company]( is reinventing travel for nomads.* 3. Philosophy is fake. That [might not matter](. 4. Crypto projects thrive on network effects. Here's [what to look at in a crypto project]( to see how much it’s worth.* 5. Ski trips are dating microcosms. Here's [what's hot (or not) on the slopes](. When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🤩 Coming Up Soon... All events in UK time. 🗻 [Beyond the Summit: A Recap of Modern Investor Trends](: 5pm, December 12th 🤖 [The AI Advantage: Enhancing Portfolio Protection Strategies](: 5pm, December 14th ❤️ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? 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