Stocks This Week.

Amid another surge in inflation, US stocks closed lower on Friday, erasing gains from earlier record highs. The S&P 500 and Dow Jones dipped by 0.5% and 0.4%, respectively, while the Nasdaq Composite fell by 0.8%. The unexpected jump in the Producer Price Index for January added to concerns, contrasting sharply with economists' forecasts.

OpenAI Hits $80 Billion Valuation. OpenAI seals a deal, soaring to a valuation of $80 billion or beyond. The agreement, led by Thrive Capital, involves a tender offer where existing shares are sold, enabling employees to cash out their holdings. This innovative approach diverges from traditional funding rounds, emphasizing liquidity for stakeholders.

Airbus Aims for 800 Plane Deliveries. Airbus SE aims to hand over 800 planes this year but acknowledges challenges in the supply chain. The company is cautious about its financial goals, especially with Boeing Co. facing an ongoing crisis after a recent accident.

OpenAI Unveils Sora: Text-to-Video AI.

OpenAI disrupts the media landscape with Sora, a photorealistic text-to-video AI. It takes text prompts and turns them into complex scenes with multiple characters and specific types of motion. And it's leaving many equal people parts amazed and unsettled. Watch.

Chocolate 3D Printer Hits The Market. Get ready to satisfy your sweet tooth with the Cocoa Press, a 3D printer dedicated to chocolate. After a decade of development, it's finally available. What makes it stand out? The delightful textures it can create.

Zuckerberg's Verdict on Vision Pro. Plot twist: he doesn't like them. After trying Apple's new headset, he posted an Instagram video declaring that Quest 3 is a "better product, " citing its lighter weight, enhanced comfort, and superior motion capabilities.

SpaceX Sends Private Lunar Lander on Historic Mission.

SpaceX launches a private-sector lunar lander. If successful, it will become the first American spacecraft to reach the lunar surface in more than 50 years.

NYC's Skybridge. New skyscrapers with a connecting skybridge, designed by Bjarke Ingels Group, are set to redefine New York City's skyline. Featuring hotels, dining, and potentially a casino alongside residential towers and the new Freedom Plaza with a Museum of Freedom and Democracy, this project is a pretty bold architectural statement.

2023 Savings Snapshot by Generation. New York Life's Wealth Watch survey unveiled each generation's savings progress in 2023. With insights from over 2,200 adults, below are the averaged results:

Gen Z: $6,440.67 / Millennials: $9,299.45

Gen X: $5,132.20 / Boomers: $4,059.72

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