Thursday, January 23rd
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“The history of philosophy is to a great extent that of a certain clash of human temperaments.”
-William James
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Markets Today
🌏 Asia-Pacific: Mixed
🇪🇺 Europe: Up
🇺🇸 United States: Mixed
🛢️ Oil: Up
⚡Crypto: Down
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Major Market Events
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US weekly jobless claims tick up as labor market chugs along.
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AI & robotics threaten blue-collar jobs, warns NYC professor Nouriel Roubini
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Netflix raises prices as subscriber growth blows out estimates in Q4
🤔 My Thoughts
A clash of titans is unfolding on social media as Elon Musk clashes with OpenAI billionaire Sam Altman.
It was kicked off by the massive $500 billion AI investment initiative that President Trump announced recently, with OpenAI, Softbank and other heavy hitters like Microsoft involved.
And Elon is taking Sam Altman to task over Altman’s anti-Trump comments that have emerged in the past.
He’s also questioned OpenAi’s ability to fulfill on this grand project:
“They don’t actually have the money,” Musk wrote on X (formerly Twitter.) “SoftBank has well under $10B secured. I have that on good authority.”
Altman responded Wednesday to say Musk was “wrong, as you surely know” and invited Musk to come visit the first site in Texas that is already under construction.
Musk of course has his own AI platform, xAI which is closely related to X (Twitter) and Tesla.
Never bet against Elon has been terrific investment advice over the last decade… but betting against Sam Altman hasn’t been a good idea either.
So it’s not clear where this ends, but we definitely pay attention when two of the most influential tech billionaires go to war with each other.
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Testimonial of the day
Jacqueline.: “Credit of .70, Debit .12 so .58 profit”
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