AI (Again) & Flying Dogs

📊 Market Snapshot | Extended Edition

Stocks (Year-to-date)

• DOW: 🔼 3.59% (39,069.59)

• S&P 500: 🔼 11.85% (5,304.72)

• NASDAQ: 🔼 14.59% (16,920.80)

Cryptocurrency (Year-to-date)

• BTC: 🔼 55.84% (68,926.10)

• ETH: 🔼 66.95% (3,928.67)

Real Estate Mortgage Rates

• 15-year: 6.70% +0.00

• 30-year: 7.16% -0.01

📎 Market Clips

• The Federal Reserve is unlikely to implement any interest rate reductions this summer

_{*Stock numbers as of market close Friday, cryptocurrency as of 11:45pm EST yesterday. Real estate rates as of yesterday via Mortgage News Daily. Source for Market Clips.}

First Report

🔍 AI Governance

In a striking revelation, former OpenAI board members Helen Toner and Tasha McCauley criticized the self-governance of AI firms, arguing for necessary governmental oversight. Detailing their experiences in an op-ed for The Economist, they recounted their resignation amid attempts to remove CEO Sam Altman, criticizing his leadership which they claimed fostered a “toxic culture.” Their concerns highlight the broader issue of AI companies’ self-regulation, exacerbated by Altman’s controversial reinstatement and subsequent corporate decisions perceived as unsafe. They advocate for effective regulations to ensure AI’s safe and equitable development, stressing the urgency of governmental intervention to mitigate profit-driven biases within the industry. 🤖👨‍⚖️

TL;DR ⏳: Former OpenAI board members assert that AI companies, including OpenAI, require external regulation to prevent profit-driven ethical lapses.

Second Report

🐾 Airline for Dogs

Launching this week, BARK Air introduces a unique air travel experience designed with dogs as the primary clientele, a concept they’ve dubbed the “white paw experience.” The boutique airline, a brainchild of BARK company, aims to elevate canine comfort from takeoff to landing. On its inaugural flight from New York to Los Angeles, pampered pooches enjoyed gourmet treats and naptime, while their human companions took a backseat in this novel travel service. BARK Air represents a significant shift in pet travel, catering exclusively to the needs of dogs and setting a new standard for pet-friendly travel amenities. 🐶✈️

TL;DR ⏳: BARK Air transforms pet travel by prioritizing dog comfort and luxury in its bespoke air service.

⚡ Quick Hits

1. 🌪 Fifteen fatalities reported after tornadoes strike central US

2. 🔪 Braintree cinema stabbing results in suspect’s arrest

3. 👥 Patrick Kennedy supports Joe Biden over Robert F. Kennedy Jr.

4. 🚨 Teen stabbed during Memorial Day weekend causes scare at NJ shore

5. 🚀 Rocket fired towards Tel Aviv by Hamas

6. 🌍 Rescue operations underway for 670 missing in Papua New Guinea landslide

7. 🇨🇳 China issues warning to South Korea on politicising trade

8. 🚗 Buttigieg stands by Biden’s EV strategy amid criticisms

9. 📈 Joe Lubin declares ETF approval a game changer for Ethereum

10. 🛑 Tesla shareholders recommended to reject Musk’s $56 billion compensation package

Games

AI Image of the Day