💼 Meet 'Grok'

Elon Musk debuts ‘Grok’ AI bot to rival ChatGPT… your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 November 06, 2023 | [Read Online]( Presented by ☕️ Good Morning. The Fast Five → Elon Musk debuts ‘[Grok](’ AI bot to rival ChatGPT, House GOP pushes ahead with [stopgap funding]( plan, the [price of money]( is going up, [Berkshire Hathaway’s]( cash pile swells to a record $157 billion, and [Kai-Fu Lee's]( AI startup hits Unicorn status in eight months… Here’s your 5-minute briefing for Monday: BEFORE THE OPEN As of market close 11/3/2023. Bitcoin as of 11/5/2023. MARKETS: - U.S. equity futures remain flat after a strong week. - Dow, S&P 500, and Nasdaq all had their best week of the year. - Factors like oversold conditions, positive earnings, and lower bond yields boost market sentiment. - November is historically a strong month for the S&P 500. - Earnings season continues with updates from companies like Walt Disney, Wynn, MGM Resorts, Occidental Petroleum, and D.R. Horton. - Federal Reserve Chair Jerome Powell and other Fed officials will speak in the coming days. - Investors are eager for clues about the Fed's future rate policy. - Fed Governor Lisa D. Cook scheduled to speak on Monday. EARNINGS What we’re watching this week: - Tuesday: Bumble (BMBL), D.R. Horton (DHI), KKR (KKR), Occidental Petroleum (OXY) - Wednesday: Arm Holdings (ARM), Walt Disney (DIS), AMC Entertainment (AMC), Twilio (TWLO) - Thursday: Tapestry (TPR) - [Full earnings calendar here]( NEWS BRIEFING [Elon Musk Debuts ‘Grok’ AI Bot to Rival ChatGPT, Others]( The prototype is in its first two months of training and is only available to a select group of users before a wider release. Musk is positioning xAI to compete with OpenAI, Inflection, Anthropic and others. [Valued at $1 Billion, Kai-Fu Lee's Startup Hits Unicorn Status in Eight Months]( 01.AI’s model outperforms Meta’s Llama 2 on certain metrics. Startup to offer open-source model; proprietary options later. - House GOP pushing ahead with stopgap funding plan, Johnson says ([more]() - Here’s where the jobs are for October 2023 — in one chart ([more]() - The price of money is going up, and it’s not only because of the Fed ([more]() - Bond traders on collision course with higher-for-longer mantra ([more]() - Oil nudges higher after Saudi Arabia, Russia stick to output cuts ([more]() - Wall Street’s top bosses descend on Hong Kong after deep job cuts ([more]() - South Korea to re-impose stock short-selling ban through June to 'level playing field' ([more]() - Studios give striking actors ‘last, best, and final offer’ ([more]() - GM is expected to invest $13 billion in U.S. facilities under new UAW deal ([more]() - Maersk cutting at least 10,000 jobs as shipping boom unravels ([more]() - BofA notifies customers of temporary industry-wide deposit delays ([more]() - Astra defaults on debt agreement, warns it may not be able to raise needed cash ([more]() - Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion ([more]() - Silicon Valley City wants to ease housing crisis with $150,000 cargo containers ([more]() - Washington Post appoints William Lewis as CEO; to reduce headcount by 10% ([more]() - Three hours were all a jury needed to convict Sam Bankman-Fried of fraud ([more]() TOGETHER WITH RYSE The Next Smart Home Staple Where were you when Amazon acquired Ring for $1B? Or when Google bought Nest for a cool $3.2B? Hopefully, you were invested in those promising startups. But for those that missed out, the next groundbreaking Smart Home innovation has arrived 一 [RYSE](. Their [automated window shade tech]( is mere weeks away from [launching in Best Buy stores](, and is poised to dominate the fast-growing Smart Shades market. They’ve also just launched a new investment round and their share price has already grown 25% from their last round! The Smart Shades race is on, and RYSE is in pole position due to their: Unmatched Features: RYSE has the only retrofit design to motorize existing window shades, and can be seamlessly controlled by voice, smartphone, or schedule. Smart Price: Priced at $169 vs. competitors’ pricing of up to $1,000 per window, RYSE is uniquely positioned to bring luxury window shades to every home and business. [Take part in this exclusive public offering here before RYSE is a household name.]( DEALFLOW - Bain close to buying consulting firm Guidehouse in $5B deal ([more]() - Houlihan Lokey in talks to buy placement agent Triago ([more]() - Gynesonics, a healthcare company focused on the development of minimally invasive solutions for symptomatic uterine fibroids, raised $42.5M in funding ([more]() - Matic, a technology company providing AI-driven indoor robots, raised $29.6M in funding ([more]() - Factor Capital Management, an investment firm, announced the launch and first close of its Factor Venture Capital Fund I with approximately $10M in commitments ([more]() - Ambercycle, a company providing molecular regeneration technology for the fashion industry, raised $5M in funding ([more]() - Pantheon Vision, an early-stage ophthalmic medical device company, raised $2.5M in Seed funding ([more]() - Precision Compounding Pharmacy, a technology-enabled compounding pharmacy company, received a seed investment from Right Side Capital Management ([more]() - TRAFiX, a provider of order and execution management software (“OEMS”) and FIX connectivity solutions, received a growth investment from Marlin Equity Partners ([more]() - Ratcliffe to invest extra $300 million on top of 25% stake in Manchester United ([more]() - SAS secures $1.2 billion from consortium led by Castlelake, Air France for restructuring ([more]() - Mainsail Partners invests in LinenMaster ([more]() - Stonepeak invests in AGP sustainable real assets ([more]() - Apollo invests in Modern Aviation ([more]() - Core Industrial Partners invests in Century Box ([more]() M & A: - Telecom Italia approves network sale to KKR in €22 billion deal ([more]() - LVMH to buy eyewear brand favored by the Stars, LA-based eyewear maker Barton Perreira ([more]() - Cars.com buys D2C Media ([more]() - Accenture (NYSE: ACN) has acquired The Shelby Group, a provider of digital procurement and optimization services ([more]() - SubjectWell, a patient access marketplace that connects patients with chronic health conditions to new care options, announced the acquisition of PatientCentra, an MD Connect, Inc. business ([more]() - Palladium Equity Partners acquired a majority stake in Source Logistics, a provider of value-added warehousing, distribution and fulfillment 3PL services to the consumer goods sector with a focus on Hispanic food and beverage brands ([more]() - Culligan buys Primo Water’s international businesses ([more]() - Leeds Equity-backed Exterro acquires Divebell ([more]() - RidgeLake purchases Gridiron Capital minority stake ([more]() - Canada's Davie completes purchase of Helsinki Shipyard from Russia's Algador ([more]() - EagleTree acquires MMGY ([more]() - Palladium buys Source Logistics ([more]() - Williams buys Cureton from Ares, Tailwater ([more]() - Brookfield Infrastructure partners acquires Cyxtera ([more]() - Iron Mountain purchases Regency Technologies ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - Crypto now braced for a ‘massive’ $300B price earthquake following Bitcoin, Ethereum and XRP surge ([more]() - What happens to Bitcoin price if spot ETF isn’t approved? ([more]() - Ethereum insider drops bombshell: ETH founders’ fraud bigger than FTX fraud ([more]() BULLISH BITES 🤔 Silicon Valley billionaires say [they're done]( buying up land for their utopian city 🚫 The workplace is becoming [more political]( as Gen Z comes of age 😱 [Dall-E 3]( is so good it's stoking an artist revolt ✈️ [Electric planes](, once a fantasy, are beginning to take to the skies 😩 The fun things in life are giving us [buyer’s remorse]( DAILY SHARES [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] Nov 5, 2023 6.98K Likes 902 Retweets 156 Replies [tw profile: BuccoCapital Guy] BuccoCapital Guy @buccocapital [tw] Rate hikes are working exactly as intended Nov 6, 2023 417 Likes 15 Retweets 28 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] No one: Absolutely no one: Direct Lenders in Bloomberg Articles: “WE’RE IN THE GOLDEN AGE OF PRIVATE CREDIT” Nov 5, 2023 218 Likes 12 Retweets 9 Replies [tw profile: sophie] sophie @netcapgirl [tw] idk how many “damn that’s crazys” i have left in me Nov 5, 2023 186 Likes 10 Retweets 15 Replies Know someone who would enjoy this? 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