OpenAI Has Officially Launched Its ChatGPT App For MacOS

Good morning. It's Wednesday, Jun. 26, and we're covering Nvidia's Market Drop Causes Global Chip Stock Volatility, Waymo Launched Autonomous Ride-Hailing Service, and much more. First time reading? Sign up to get this newsletter: Sign up here.

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MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $2.28 Trillion, a 0.95% increase in the last 24 hours.

• The total crypto market volume over the last 24 hours is $66.93B, which makes a 31.48% decrease.

• The total volume in Defi is currently $4.28B, 6.28% of the total crypto market 24 hours.

• The volume of all stablecoins is now $62.66B, which is 91.74% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 53.47%, a decrease of 0.02% over the day.

BUSINESS & FINANCE

Nvidia's Market Drop Causes Global Chip Stock Volatility

Nvidia's shares experienced a drop, losing over $500 billion in market capitalization over three days, which led to volatility in global semiconductor stocks. While European and Asian chip firms initially saw declines, some managed to recover losses by the end of the trading day. European chip firms STMicroelectronics and ASML saw early losses, with ASML recovering to close slightly up. Asian firms like MediaTek and Samsung experienced declines, though TSMC and SK Hynix saw gains.

Takeaway: Nvidia's market fluctuation has caused a temporary dip in global chip stocks, but the company's prospects remain promising due to ongoing high demand for its AI technology. Nvidia plans to launch its next-generation AI chips, Blackwell, later this year, which could drive future growth. Major tech companies continue to invest heavily in Nvidia's chips for their data centers and cloud services. ( Read Deeper )

Tesla Reveals Sales Figures For Cybertruck Amid Recalls And Production Goals

Tesla has disclosed through an NHTSA recall notice that it has sold 11,688 Cybertrucks to date, marking the first official count of sales for the highly anticipated vehicle. This number includes trucks in use and those in transit. Tesla began production at its Giga Austin plant in late 2023 and delivered 1,163 Cybertrucks in December of that year. With an average monthly delivery rate of approximately 1,754 vehicles.

Why It Matters: Tesla aims to ramp up production to 2,500 Cybertrucks per week by the end of 2024, targeting annual production of up to 125,000 units. Despite production goals, questions remain about market demand and consumer interest in the Cybertruck, especially as Tesla prepares to introduce cheaper trim options. ( Read Deeper )

TECHNOLOGY & SCIENCE

Waymo Launches Autonomous Ride-Hailing Service In San Francisco

Waymo, Alphabet's autonomous vehicle division, has launched its Waymo One ride-hailing service to the general public in San Francisco, following a successful rollout in Phoenix, Arizona. This move marks a significant step in the commercialization of driverless technology despite ongoing regulatory scrutiny. Initially tested with onboard autonomous specialists in 2021, the service now allows anyone to request a ride through the Waymo app, with strong demand indicated by 300,000 sign-ups since its waitlist opened.

Takeaway: Waymo, founded in 2009 within Google, received regulatory approval in March to expand its service to Los Angeles and nearby cities. Competitors like Cruise and Zoox are also intensifying efforts amid regulatory probes, including recent concerns raised by the U.S. National Highway Traffic Safety Administration about Waymo's vehicle performance. ( Read Deeper )

OpenAI Has Officially Launched Its ChatGPT App For MacOS

OpenAI has officially launched its ChatGPT app for macOS, making it accessible to all Mac users. Initially announced ahead of Apple's WWDC 2024, the app integrates seamlessly with macOS, allowing users to invoke ChatGPT using the keyboard shortcut Option + Space. This shortcut provides a familiar experience for macOS users, similar to the Command + Space shortcut used for Spotlight Search. OpenAI and Apple have announced further integrations, allowing iPhone and iPad users to access ChatGPT via Siri and other AI-powered tools, expected to launch later this year with Apple's new operating systems.

Takeaway: The macOS ChatGPT app supports both free and paid users, enabling them to take and discuss screenshots, upload files and photos, and search through past conversations. Initially rolled out to Plus subscribers, the app is now available to all Mac users. The app's release coincided with the introduction of GPT-4o, OpenAI's advanced AI model with multimodal capabilities, including text, speech, and video understanding. ( Read Deeper )

AROUND DE WORLD & POLITICS

Kenyan Police Fire On Demonstrators Attempting To Storm Parliament, Resulting In Multiple Deaths

Protests against a proposed tax increase bill in Kenya turned deadly as demonstrators attempted to storm the parliament in Nairobi. Police responded with live ammunition, resulting in at least five deaths and numerous injuries. President William Ruto condemned the violence and stated the need for security, accusing dangerous elements of hijacking the tax debate. The unrest spread to other cities and saw calls for Ruto's resignation and opposition to the tax hikes.

Takeaway: The bill aims to raise $2.7 billion to manage Kenya's debt. The international community expressed concern, urging restraint, while internet services experienced disruptions. Despite government concessions, opposition leaders demanded the bill's withdrawal and Ruto's resignation. ( Read Deeper )

The Road To Freedom: How Diplomacy, Politics, And Law Secured Julian Assange's Release

The agreement to free Julian Assange involved a mix of diplomacy, politics, and legal maneuvers spanning years of effort. Initiated by Australia's new government under Prime Minister Anthony Albanese, supported by cross-party efforts and diplomatic missions to the US, the deal gained momentum with legal developments in Assange's favor, notably a UK court ruling allowing him to challenge extradition. Pressure from both Australian officials and shifting political sentiments in the US also influenced the resolution, culminating in a plea deal where Assange avoided US espionage charges by pleading guilty to hacking, marking an end to a long-standing international dispute.

Takeaway: The election of the new Australian government in May 2022, led by Prime Minister Anthony Albanese, prioritized Assange's release. With cross-party support, Albanese lobbied for Assange’s release behind closed doors and raised the issue with President Joe Biden during a state visit. The UK High Court allowed Assange to appeal his extradition in May 2023. ( Read Deeper )

ENTERTAINMENT & SPORTS

Davido And Chioma's Star-Studded Wedding Ceremony

Afrobeat star Davido and his long-time partner Chioma Rowland wed in a lavish ceremony at Harbour Point in Victoria Island, Lagos. The event was attended by numerous dignitaries and celebrities, including the Ooni of Ife, ex-President Olusegun Obasanjo, and governors of Edo and Ogun states. The wedding, tagged #Chivido2024, followed years of friendship and an official relationship starting in 2018. Despite setbacks, including the loss of their son and the COVID-19 pandemic delaying their wedding, the couple recently welcomed twins in 2023. The wedding has generated buzz on social media, with fans and celebrities sharing their congratulations. ( Read Deeper )

Southgate Addresses Fan Frustration As England Tops Group C At Euro 2024

England manager Gareth Southgate has acknowledged that negative fan reactions are creating a challenging environment for the team at Euro 2024. Despite finishing top of Group C, England's performances, including a goalless draw against Slovenia and a 1-1 draw with Denmark, have drawn boos and even some thrown cups from frustrated supporters. Southgate emphasized the importance of fan support for the team and recognized the players' efforts under pressure. ( Read Deeper )

PODCAST(WHAT WE ARE LISTENING TO)

• Knowing when to call it quits versus when to persevere can be challenging, but here are some considerations that can help ( Listen )

EXTRA BREVITI

• The yuan’s status as a global currency might be gaining ground. But top CEOs see more hurdles to clear. ( Read More )

• On Tuesday, Kenya’s parliament passed the 2024 Finance Bill despite opposition from thousands of Kenyans. ( Read More )