Today’s topics

• OpenAI scores $1.5 billion SoftBank investment

• England’s new “quit-smoking pill”

• Bezos joins the AI chip battle

• World’s largest iced latte

  and more…

Wall Street had a bit of a mixed mood on Tuesday as investors munched on fresh employment numbers and tried to decode the Fed's latest cryptic messages about interest rates. The S&P 500 and the tech-savvy Nasdaq decided to break their own records, inching up by about 0.1% and 0.4% respectively. Meanwhile, the Dow Jones staged a comeback from its earlier slump but still couldn't shake off the blues, closing down nearly 0.2%.

Samsung names first woman CEO outside founding family in 86 years. For the first time in its 86-year history, Samsung has appointed a non-family woman, Kim Kyung-Ah, as CEO of its biotech arm, Samsung Bioepis. While South Korea’s corporate world remains tough for female executives, this marks a historic move for the country’s largest conglomerate.

SpaceX: from $175B to $350B in light speed. Elon Musk’s SpaceX is reportedly in talks to sell insider shares, pushing its valuation to an eye-watering $350 billion—double what it was worth just a year ago. Back in December 2023, the company’s worth was a “mere” $175 billion, but now it seems Musk’s space empire is in overdrive. With Tesla’s stock climbing 40% this year, boosting Musk’s net worth even further, it’s clear he’s aiming to monopolize both Earth’s markets and outer space. If this deal goes through, SpaceX will solidify its place as one of the most valuable private companies on the planet.

OpenAI scores $1.5 billion SoftBank investment. SoftBank is dropping $1.5 billion on OpenAI, letting employees cash out in a new tender offer. This comes on top of OpenAI’s $6.6 billion funding round, giving the company a sky-high $157 billion valuation. The deal was driven by SoftBank CEO Masayoshi Son, whose persistence secured him a bigger stake in the AI giant.

Amazon pumps another $4B into Anthropic. Amazon just threw another $4 billion at Anthropic, OpenAI’s biggest rival, taking its total investment to $8 billion. Despite all that cash, Amazon is still just a minority investor—because, apparently, it’s not about owning, it’s about showing up. AWS is now Anthropic’s go-to cloud and training partner, making sure Amazon stays in the AI race. If you can’t beat OpenAI, might as well fund the competition, right?

Bezos joins the AI chip battle with $700M bet on Tenstorrent. Jeff Bezos and Samsung just threw $700 million at AI chip startup Tenstorrent, taking on Nvidia’s dominance. Valued at $2.6 billion, the funding aims to boost Tenstorrent’s staff, supply chain, and AI training servers. With players like LG, Fidelity, and Bezos’s own venture firm in the mix, it’s game on in the AI chip wars.

De Beers bows to pressure: diamonds on discount. De Beers just gave in, slashing diamond prices by 10% to 15% after trying all year to hold the line. The industry’s in a slump thanks to inflation, China’s luxury crash, and lab-grown diamonds stealing the show. After months of “flexibility” that didn’t work, De Beers finally blinked. 

Jaguar’s Type 00: The Electric Brick We Didn’t See Coming

Jaguar just dropped its new all-electric concept car, the “Type 00,” and it’s... well, different. Gone are the sleek, sporty vibes we know and love. Instead, we’ve got a boxy, oversized-wheel situation paired with flashy lights and a “minimalistic” (read: borderline extra) design.

Hacker outsmarts AI for $50K prize. An AI agent named "Freysa AI," built to guard a digital wallet at all costs, was tricked into handing over $50,000 in cryptocurrency during a competition. Designed to test AI security, the event turned into a masterclass on AI’s flaws. Freysa was supposed to be unhackable, programmed to reject every plea to release the funds. But after 481 failed tries, one clever hacker found a loophole and snagged the crypto prize.

New gold-based drug beats chemo in cancer fight. A new gold-based drug, developed by researchers from RMIT University in Australia and Indian institutions, slashed tumor growth by 82% in animal tests—nearly triple the impact of standard chemo. Lab results show it’s 27 times more effective against cervical cancer cells than cisplatin and also far outperforms it on prostate and fibrosarcoma cancers. This breakthrough targets a key enzyme in cancer cells, stopping them from multiplying and resisting treatment. Professor Suresh Bhargava, who led the project, says it’s a major step toward safer, more effective cancer therapies. Gold isn’t just shiny—it’s powerful.

England’s new quit-smoking fix. The NHS just dropped varenicline, a stop-smoking pill that’s supposed to be as good as vapes and better than patches. It cuts cravings, blocks nicotine, and even helps you not lose your mind while quitting.

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100 Years Later – SNL, Take Notes

Episode 9 is giving pure gold. The dedication to the bit? Impeccable. The production quality? Chef’s kiss.

The top 100 songs. 2024 was pop music’s wild child—chaotic, messy, and totally unforgettable.

Biden wants Medicare to cover Ozempic—let the debate begin. President Biden’s new proposal would let Medicare and Medicaid cover weight-loss drugs like Wegovy and Ozempic, giving millions of adults with a BMI of 30+ access to these pricey meds. The plan is a potential game-changer for obesity treatment, but it’s sure to face resistance.

World’s largest iced latte. Because apparently regular coffee isn’t exciting enough, Dunkin’ and influencer Nick DiGiovanni decided to brew up the world’s largest iced latte. This 276-gallon caffeine monster stood 11 feet tall in an oversized Dunkin’ cup—because why not? Filled with milk, ice, and enough espresso to power a small city, the latte was later divided into normal-sized cups and handed out to 300 Dunkin’ employees in Massachusetts. 

TikTok of the day: watch here