AI Antitrust & Strike on School

📊 Market Snapshot

• DOW: 🔼 0.20% (38,886.17)

• S&P 500: 🔽 0.020% (5,352.96)

• NASDAQ: 🔽 0.086% (17,173.12)

• BTC: 🔽 0.48% (70,779.40)

• ETH: 🔽 1.49% (3,809.11)

📎 Market Clip

• Euro zone bond yields increase after European Central Bank’s ‘hawkish’ rate cut

_{*Stock numbers as of market close, cryptocurrency as of 7:30pm EST yesterday. Source for Market Clip.}

First Report

🕵️‍♂️ U.S. Regulators to Probe AI Giants

The Federal Trade Commission (FTC) and the Justice Department (DOJ) are launching antitrust investigations into Microsoft, OpenAI, and Nvidia, examining these tech giants’ influence on the AI industry. The FTC will lead the probes into Microsoft and OpenAI, while the DOJ will focus on Nvidia. The investigations aim to scrutinize the companies’ conduct in the rapidly growing AI market, which is predicted to exceed $1 trillion in revenue within the next decade. This move follows concerns about the lack of oversight in the AI sector, highlighted by a recent open letter from current and former OpenAI employees. 🖱️ 🖥️

TL;DR ⏳: U.S. regulators are investigating Microsoft, OpenAI, and Nvidia for potential antitrust violations in the AI industry.

Second Report

📰 Israeli Strike on Gaza School

An Israeli airstrike early Thursday hit a school in central Gaza, killing at least 33 people, including 12 women and children. The school, run by the United Nations agency for Palestinian refugees (UNRWA), was sheltering displaced Palestinians. The Israeli military claimed that Hamas militants were operating from within the school, which led to the strike. This tragic incident adds to the rising number of casualties as Israel continues its offensive in Gaza. 🚸 🙏

TL;DR ⏳: An Israeli airstrike on a Gaza school sheltering displaced Palestinians resulted in 33 deaths, amid ongoing conflict with Hamas militants.

⚡ Quick Hits

1. 🏅 Pittsburgh-area Army hero who received Medal of Honor for D-Day honored in special exhibit

2. 🏅 World War II veteran Robert Persichitti dies at 102 while traveling to France for D-Day’s 80th anniversary

3. 📅 Steve Bannon ordered to report to prison by July 1 to serve contempt of Congress sentence

4. 🚫 President Joe Biden says he will not pardon his son Hunter Biden if he’s convicted on gun-related charges

5. 💼 Big Tech CEOs are lining up to back Trump

6. 🎯 Weakened Hamas switches to ambush, insurgent tactics in Gaza as war drags on

7. 🏛️ Brit tech tycoon Mike Lynch cleared of all charges in US Autonomy fraud trial

8. ⚡ Rivian says its updated electric pickup and SUV are faster and have more range than the Cybertruck

9. 🍤 Experts say Red Lobster’s shrimp excuse is ‘smoke screen’ for real problems

10. 🚭 FDA reverses order taking Juul vaping products off the market in US, opens door to possible authorization

Games

Word of the day: “Halcyon” is used to describe a period of time in the past that was idyllically happy and peaceful. It often refers to times of tranquility, prosperity, and contentment, evoking a sense of nostalgia for days when life seemed simpler and more serene.