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Open AI’s new AI Model Set for December Launch

Nvidia is world's most valuable company now, and more...

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Today’s topics

  • Ethereum Poised for Potential Surge Toward $6,000

  • Nvidia Surpasses Apple as World's Most Valuable Company

  • Open AI’s new AI Model Set for December Launch

  • SpaceX Crew-8 Returns Safely After Record-Breaking Mission

    and more…

Frontier Eyes Spirit Airlines in Potential New Merger Move

Frontier Airlines is reviving interest in acquiring Spirit Airlines, sparking a near 30% jump in Spirit's premarket shares and a 5% rise for Frontier. Despite strong travel demand, Spirit has faced financial struggles, reporting losses in five of the last six quarters, which raises concerns over its ability to meet future debt obligations. This renewed bid could provide Spirit a much-needed boost, especially amid looming financial pressures. Read more.

Ethereum Poised for Potential Surge Toward $6,000

Ethereum (ETH) is showing signs of a potential rally toward $6,000, supported by several key indicators. Currently holding above a crucial support level around $2,400, ETH's price aligns with a multimonth ascending channel pattern that previously led to significant gains. Additionally, a substantial withdrawal of 543,000 ETH (over $1.3 billion) from Coinbase suggests growing institutional interest. Technical analyses also indicate possible capital rotation from Bitcoin and Solana into Ethereum, further bolstering its bullish outlook.

Nvidia Surpasses Apple as World's Most Valuable Company

Nvidia has overtaken Apple to become the world's most valuable company, reaching a market capitalization of $3.53 trillion, slightly surpassing Apple's $3.52 trillion. This milestone is driven by soaring demand for Nvidia's specialized artificial intelligence chips, which have become essential for major tech companies investing in AI technologies. Nvidia's stock has surged approximately 18% in October, bolstered by significant investments in AI infrastructure from companies like OpenAI. Analysts remain optimistic about Nvidia's growth, reflecting confidence in its pivotal role in the AI market.

OpenAI's Orion: A New AI Model Set for December Launch

OpenAI is preparing to introduce its latest AI model, codenamed Orion, by December 2024. Unlike previous releases, Orion will initially be accessible to select partners for product development, with Microsoft expected to host it on Azure as early as November. While Orion is considered the successor to GPT-4, it's unclear if it will be named GPT-5. This development coincides with OpenAI's recent $6.6 billion funding round and significant staff changes, including the departure of CTO Mira Murati. Read More.

Apple Scales Back Vision Pro Production Amid High Costs

Apple has significantly reduced production of its Vision Pro mixed reality headset, with plans to potentially cease manufacturing the current model by year's end. The device's high price point, starting at approximately $3,500, has led to declining sales, especially when compared to more affordable alternatives like Meta's Quest 3, priced around $500. Suppliers have produced components for 500,000 to 600,000 units, but production was halted in May, and assembler Luxshare may stop manufacturing in November. Apple is now focusing on developing a less expensive Vision product with fewer features, aiming for a release by the end of 2025. Read More.

Netflix Teams Up with TED for New Daily Word Game

Netflix is set to launch a daily word puzzle game developed in collaboration with TED, scheduled for release on November 19th for Android and iOS devices. This engaging game challenges players to slide rows of scrambled letters to form words, offering a thought-provoking experience. Access to the game requires a Netflix subscription, reflecting the company's ongoing expansion into the gaming sector. Read more.

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SpaceX Crew-8 Returns Safely After Record-Breaking Mission

After 235 days aboard the International Space Station (ISS), SpaceX's Crew-8 astronauts—NASA's Matthew Dominick, Michael Barratt, Jeanette Epps, and Roscosmos' Alexander Grebenkin—safely returned to Earth. Their Dragon capsule, Endeavour, splashed down in the Gulf of Mexico near Pensacola, Florida, on October 25, 2024, marking the longest mission for a SpaceX Dragon capsule to date. The crew conducted extensive scientific research during their extended stay, contributing significantly to space exploration and science.

Amateur Discovers Record-Breaking Prime Number

In a remarkable achievement, amateur mathematician Luke Durant has identified the largest known prime number to date. Designated as M136279841, this Mersenne prime is calculated as 2 raised to the power of 136,279,841 minus 1, resulting in a number with an astounding 41,024,320 digits. Durant utilized a vast network of graphics processing units across multiple data centers worldwide to make this discovery, marking a significant milestone in the ongoing search for large prime numbers.

  • Beetlejuice Stay: Step into the spooky universe of Beetlejuice! Airbnb brings the film's gothic charm to life with a real-life house in New Jersey, offering fans a three-hour immersive experience that echoes the movie’s iconic vibes.

  • Endorsement Freeze: Washington Post breaks tradition, ending presidential endorsements reportedly under Jeff Bezos' directive. This shift stirred reactions, especially since an endorsement for Kamala Harris was already drafted. Bezos’ decision marks a notable departure from the paper’s previous endorsements.

  • Election Slump: Big buys on hold! As election season heats up, shoppers hit pause on major purchases, from homes to cars, in what’s dubbed the "election shopping slump." Post-election, consumer confidence usually returns, fueling a spending bounce-back.

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