What we’re reading (5/12)
“Google Just Showed How Big Tech Will Win Again In AI” (Insider). “After Google I/O this week, it's looking like AI will be another 80/20 situation where a few Big Tech companies benefit the most. The big takeaway from Google's annual conference was how the company is weaving the capabilities of its big AI model, PaLM 2, into so many of its existing – and very popular – products.”
“Meet Linda Yaccarino, Elon Musk’s New Twitter CEO And The Ad World’s ‘Velvet Hammer’” (Wall Street Journal). “The billionaire [Musk] on Friday named Ms. Yaccarino as Twitter’s new chief executive, putting her in charge of a social-media platform that has been stung by a large exodus of advertisers since Mr. Musk’s $44 billion takeover late last year.”
“I Bond Rates Dropped To 4.3 Percent. Are They Still Worth It?” (Washington Post). “[W]ith inflation waning, Treasury just announced a new rate of 4.3 percent for I bonds, down from the most recent 6.89 percent that ended in April. Still, that’s a good rate, but it’s not likely to see a mad rush like last year. The lower rate is yet another indication inflation has come down.”
“‘Vehicular Crime Wave’: Baltimore Suing Kia And Hyundai Over Lack Of Anti-Theft Tech” (WBALTV11). “Thefts of those vehicles continue to trend in Maryland. Baltimore City police said car thefts are up 95% compared to this time last year, with Kias and Hyundais making up more than 40% of those stolen vehicles.”
“The S&P 500 Is Top-Heavy With Tech. Here’s What That Says About Future Stock-Market Returns.” (MarketWatch). “The S&P 500 is up more than 7% so far in 2023, after last year’s 19.4% slide. The top 10 stocks hold a 29% weight in the index, and are responsible for around 70% of year-to-date performance, said Ross Mayfield, investment strategy analyst at Baird, in a Thursday note.”
