@exec_sum

The dankest daily newsletter with 350K+ readers covering all things Wall Street & Silicon Valley // Trade on Polymarket: https://xitter.cf/t.co/2LnK1hkikk

execsum.co/
Joined January 2021
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BREAKING: Meta has struck a deal with Zuckerberg to keep him in California after he was considering leaving the state to avoid a potential billionaires tax
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BREAKING: Anthropic will publicly file for its IPO as early as Friday
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BREAKING: “Tech journalist” Kara Swisher says Elon Musk would most likely be in jail right now if Kamala Harris was president.
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JUST IN: Mark Zuckerberg says Muse AI could generate higher revenue per user than Meta’s family of apps.
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BREAKING: Mark Zuckerberg is considering leaving California if it passes the Prop 40 measure that would impose a “one-time” 5% tax on billionaires.
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BREAKING: $TSLA beat on Q3 earnings and revenue estimates despite a decline in auto sales
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BREAKING: Meta will create a new non-voting share class to allow for share sales to fund AI capex without reducing Zuck's control
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BREAKING: Apollo will delay PE associate recruiting until IB analysts have at least one year of work experience
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Replying to @RichardSocher @Recursive_SI
Capitalizing on the right trend, where everyone wants to run locally and retain ownership of their own data.
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JUST IN: Recursive is launching Flint, an open-weight coding model designed to run on your own laptop with 40B total parameters and 2.5B active per token. Recursive says its optimized engine delivers more than 125 tokens/second on an M4 Pro MacBook Pro. Recursive says its Eureka Machine helped develop the model by proposing research ideas, implementing them and testing the results. The weights are being released under Apache 2.0.
🤝 Paid partnership
Richard Socher
@RichardSocher16h
Introducing Flint, @Recursive_SI’s first model: a fast local coding model built with our automated research system, the Eureka Machine. • Best-in-class fast local coding • Up to 2x faster than comparable models: 125+ tokens/sec on a MacBook Pro, 150+ on RTX Spark • Built from scratch in under 4 months Private, unmetered intelligence on your own machine. Open weights available now on @huggingface, run it locally on your favorite framework or try it for free on @opencode or @pidotdev.
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BREAKING PT 2: Justin Mateen will also be joining the board alongside Doug
Justin Mateen
@justinmateen16h
Replying to @exec_sum
In lesser news, I’ll be joining the board too! xitter.cf/cultured/status/211292…
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BREAKING: All-in-one commerce platform Whop raised a $200M Series D at a $5.1B valuation from Sequoia and Shopify The startup recently surpassed $400M in ARR and will use the fresh capital to grow its team and expand internationally Legendary VC Doug Leone will also join the board
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NEWS: JPMorgan ‌helped Syria issue its first letter of credit in more than a decade, helpng it execute a commercial agreement for fuel products from Saudi Aramco
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BREAKING: Citadel founder Ken Griffin says AI is "almost certainly" a bubble
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REPORT: Google co-founder Larry Page moved into a $173M home in Miami to avoid $15B of California taxes
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BREAKING: Blackstone and Warburg Pincus are exploring a $10 billion sale of banking infrastructure fintech IntraFi
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NEWS: Salesforce agreed to buy marketing platform Braze for $5.7 billion, including debt, at a 58% premium
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BREAKING: JPMorgan's $1.5T national security initiative has financed $230B of projects in its first year
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BREAKING: Apollo-backed Legendary Entertainment revived talks to acquire iconic blockbuster film producer Lionsgate Studios $LION
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BREAKING: Larry Ellison went on a borrowing spree, pledging shares in Oracle, Tesla, SpaceX and Paramount, to bankroll his son's takeover of Warner Bros. Ellison is the biggest single borrower in the world, having pledged $58 billion of Oracle stock as collateral for personal debt
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