📊 Apple Bites Into Google AI

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» Apple ($AAPL) is in negotiations to integrate Google’s ($GOOGL) Gemini AI into iPhone features, diverging from its exclusive reliance on in-house AI models. This strategic move, potentially augmenting its partnership with Google, signals Apple's ambition to enhance iOS capabilities while navigating the complex landscape of AI advancements and regulatory scrutiny. (link)

» Nvidia ($NVDA) introduces Blackwell, a groundbreaking AI processor featuring 208 billion transistors, set to redefine AI computing and extend its market dominance. Named after pioneering scholar David Blackwell, these chips promise unprecedented speeds in AI model training and inference, heralding a new era in technology. (link)

» Goldman Sachs ($GS) has updated its Federal Reserve rate cut forecast, now expecting three quarter-point reductions in 2024, down from previously anticipated four cuts. The adjustment, attributed to a projected higher inflation path, aligns with the Fed's median prediction from December, maintaining a terminal rate outlook of 3.25%-3.5%. (link)

» UnitedHealth Group ($UNH) has allocated over $2 billion to aid health-care providers impacted by a cyberattack on Change Healthcare, a subsidiary. This financial assistance comes amid efforts to restore services and mitigate the attack's widespread disruption across the U.S. health-care system. (link)

» Elon Musk credits prescription ketamine with aiding his mental health and suggests its positive impact on his company's performance could benefit investors. In a candid interview, Musk discusses his regulated use of the drug, underlining its importance in maintaining his productivity and vision for Tesla and SpaceX. (link)

» YouTube sensation MrBeast partners with Amazon’s ($AMZN) MGM Studios to create "Beast Games," a groundbreaking reality series offering a $5 million prize to one out of 1,000 contestants. This collaboration signifies a monumental shift towards merging digital and traditional media landscapes, with an anticipated budget surpassing traditional YouTube video productions. (link)

» Hertz Global Holdings ($HTZ) announces the departure of CEO Stephen Scherr as it begins to scale back its ambitious electric vehicle investments. Gil West, former COO of GM's Cruise, steps in to navigate the rental giant through its EV strategy pivot, aiming to restore profitability and market position. (link)

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