DeSantis Drops Out of Presidential Run & CEO of OpenAI to Venture After AI Chips

Heyo, reader! We hope you’re having a productive Monday morning!

2️⃣ This Morning’s Two Reports:

• 🫡 DeSantis Bows Out of Presidential Race

• 🌍 Altman's AI Chip Quest in the Middle East

📊 Market Snapshot | Extended Edition

Stocks (Year-to-date)

• DOW: 🔼 0.39% (37,863.80)

• S&P 500: 🔼 2.04% (4,839.81)

• NASDAQ: 🔼 3.69% (15,310.97)

Cryptocurrency (Year-to-date)

• BTC: 🔽 6.11% (41,471.80)

• ETH: 🔼 4.33% (2,454.69)

Real Estate Mortgage Rates

• 15-year: 6.27% +0.10

• 30-year: 6.92% +0.03

_{*Stock numbers as of market close Friday, cryptocurrency as of 8:15pm EST yesterday. Real estate rates as of yesterday via Mortgage News Daily.}

First Report

🫡 DeSantis Bows Out of Presidential Race

Florida Governor Ron DeSantis has abruptly ended his presidential campaign. Initially a strong contender, DeSantis faced numerous challenges, including a disorganized campaign strategy and continuous criticism from Donald Trump. His journey was marked by awkward public appearances and waning support from Republican voters. The campaign's end was characterized by last-minute schedule changes and canceled events, culminating in a hasty endorsement of Trump. This exit signals a significant shift in the dynamics of the Republican primary race. 🚫⚖️

TL;DR ⏳: DeSantis suspends his campaign and endorses Trump, shaking up the Republican race.

Second Report

🌍 Altman's AI Chip Quest in the Middle East

Sam Altman, CEO of OpenAI, is in talks with key Middle Eastern investors, including Sheikh Tahnoon bin Zayed al-Nahyan of the UAE, to fund a new chip venture. This project, in collaboration with Taiwan Semiconductor Manufacturing Co (TSMC), aims to create advanced chips vital for AI development, reducing reliance on Nvidia. These discussions mark a significant step in OpenAI's strategy to innovate in semiconductor technology and AI model training. 🤖💡

TL;DR ⏳: Altman eyes Middle Eastern investment for a novel chip venture to power OpenAI's AI advancements.

📜 The Corner

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⚡ Quick Hits

1. 🗳️ Trump team mulls VP options, crafting 'short list' ahead of New Hampshire

2. 🚀 Attack on US base in Iraq following Iran's vow of retaliation for Damascus strike

3. 🚧 IDF uncovers Gaza tunnel holding 20 hostages, including child, in harsh conditions

4. 🔋 Electric vehicle owners battle battery issues amid record low temperatures

5. 🥩 Salmonella cases surge as CDC expands warning on recalled charcuterie meats

6. 🧠 Trump boasts about acing cognitive test, claims sharper mind than 25 years ago

7. 💥 Shocking footage reveals tech CEO's fatal fall during dramatic stage entry at company event

8. 🍔 In-N-Out in Oakland shuts down, citing rising crime rates

9. 💼 Elon Musk refutes claims of AI startup securing $500M towards $1B target

10. ❄️ Rescue ongoing of 23 skiers and snowboarders in freezing Killington, Vermont

Games

Fun Fact: Did you know? In Susami Bay, Japan, there's a postbox that's not just near the sea, it's in it! Sitting 10 meters underwater, it's the world’s deepest postbox. Imagine sending your mail with a scuba suit instead of a stamp! 🤿✉️