Today’s topics

• Toyota's green engine revolution

• OpenAI’s Safety and Security Committee

• PayPal will use transaction data for personalized ads

• Florida diver finds massive mastodon tusk

  and more…

On Tuesday, the Nasdaq soared to unprecedented heights, crossing the 17,000 mark for the first time ever, led by Nvidia's remarkable 7% surge. Meanwhile, its counterparts, the S&P 500 and the Dow, had a more subdued day, with the S&P inching up just 0.02% and the Dow slipping nearly 0.6% due to Merck's lackluster showing. Seems like Nvidia was the star of the tech show!

Porsche's first hybrid 911: speed meets sustainability. Porsche has introduced a hybrid version of its iconic 911 sports car, starting at $164,900. The new 911 Carrera GTS zooms from 0 to 60 mph in just 2.9 seconds, outpacing its non-hybrid predecessor by 0.3 seconds. It boasts a top track speed of 194 mph. For those who prefer an open-air experience, the convertible model starts at $178,200. This marks Porsche’s first hybrid venture for the 911, blending performance with eco-friendliness.

Toyota's green engine revolution. Toyota has unveiled a groundbreaking engine designed to significantly reduce car emissions without relying solely on EV technology. While other automakers like GM and Ford heavily invested in EVs, Toyota stuck to hybrids, facing criticism for not diving into the EV trend. Now, with EV sales slowing and companies like Ford pulling back, Toyota's strategy seems prescient. Experts suggest that major car manufacturers may need to follow Toyota's lead.

OpenAI Forms Safety Committee to Oversee AI Development

OpenAI has created a Safety and Security Committee, led by board members including CEO Sam Altman, as it starts training its next AI model. Backed by Microsoft, OpenAI's AI chatbots can engage in human-like conversations and create images from text prompts, raising safety concerns. The new committee will make safety and security recommendations for OpenAI's projects and operations. According to Gil Luria, managing director at D.A. Davidson, this move signifies OpenAI's shift from a non-profit-like entity to a commercial one. This shift aims to streamline product development while ensuring accountability. It's a strategic step to balance innovation with safety.

PayPal enters the ad game. PayPal is launching an advertising platform using data from customer transactions. The new venture will leverage purchase information from both PayPal and Venmo, aiming to help merchants sell more effectively. Mark Grether, formerly of Uber Advertising, will lead this initiative. Grether highlights that PayPal can pinpoint buying habits and use this data to target ads. Users can opt out, but PayPal will collect data by default. PayPal processed 6.5 million transactions from 427 million customers in early 2024, demonstrating its vast data reservoir. This platform will utilize AI to create personalized offers for shoppers. Other companies, like Facebook and JPMorgan Chase, are also tapping into transaction data for ads.

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Iceberg Seven Times Manhattan's Size Breaks Free in Antarctica

A colossal iceberg, nearly seven times the size of Manhattan, has broken free in Antarctica. Measuring about 147 square miles.  Scientists have named it A-83 and are keeping a close eye on its movements. Experts say that iceberg calving is a vivid indicator of global warming. This is the third major calving event in the past four years.

Protein from thin air: Finnish startup's futuristic food. Finnish startup Solar Foods has unveiled Solein, a groundbreaking protein made from air and electricity. That's right, they’re producing protein literally out of thin air. This innovation promises to shake up the food industry by providing a sustainable alternative to animal and plant-based proteins. Given that food production contributes about 26% of global greenhouse gas emissions, Solein could be a game-changer. Plus, packaging, retail, food processing, and transportation add another 18% to food emissions. With Solein, Solar Foods aims to tackle these environmental issues head-on. It's a fascinating leap toward a greener future.

Get ready for more dazzling auroras. The massive sunspot behind May's stunning auroras will soon be facing Earth again. Keep an eye out for northern lights around June's new moon.

Fossil find: Florida diver unearths mastodon tusk. A Florida man discovered a massive 4-foot mastodon tusk underwater while hunting for fossils near Venice.

TikTok of the day: watch here

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