Welcome back to your daily memorandum talking tech, business, AI, markets, and more. 🗞️

In today’s edition we are tackling the following:

🤖 AI painted Alan Turing sells at Sotheby’s for over $1 million.
📉 OpenAI destroys Chegg’s stock price by 99%.
🏦 FTX is suing to claw back money after their collapse.
🇰🇵 Why North Koreans are preparing to die in the war with Ukraine.
🏟️ Amsterdam boots protesters after 'antisemitic squads' football attacks.

TECH

• How ChatGPT Brought Down an Online Education Giant

  • Chegg, the online education company was for many years the go-to source for students who wanted help with their homework.

  • The shift to virtual learning during the pandemic sent subscriptions and its stock price to record highs.

  • But the recent events has seen the stock is down 99%, as students are defecting to ChatGPT.

• What a second Trump presidency means for tech

  • Donald Trump will have more power than ever after rooting out former supporters who encouraged restraint during his first term.

  • His second term could mean significant changes for AI, crypto, and EV policy.

  • AI policy is an area where Elon Musk will likely seek to exert his influence.

• OpenAI Shifts Strategy as Rate of ‘GPT’ AI Improvements Slows

  • Signups and enterprise revenue growth at OpenAI is soaring, while sources believes the rate of improvement is beginning to slow.

  • Orion, OpenAI's upcoming model, will likely show a smaller increase than GPT-4 had over GPT-3 at launch.

  • OpenAI has created a foundations team to figure out how to deal with the dearth of training data.

BUSINESS

• Why Robinhood’s CEO thinks prediction markets are here to stay

  • “It’s the fastest way to get information about what’s happening,” says Vlad Tenev.

  • Robinhood’s prediction betting on the election was successful, with over half a billion bets placed.

  • Kalshi was the number one app in the App Store on Election Day.

• Apple’s Future Hinges on Smaller Bets, Rather Than Next Big Thing

  • New iPhone sales are falling behind, and not fueling the sales gains that it used to.

  • The company is planning two new devices: a smart display and a higher-end home hub with a robotic limb.

  • Also, news on Apple signing up employees to help evaluate the current smart glasses market.

• AMC Networks Acquires Full Control of BBC America for $42 Million

  • The U.S. company has owned a 49.9% stake since 2014, which it purchased for $200 million in a deal with BBC Worldwide.

  • With this new transaction, AMC Networks gains the remaining 50.1% of BBC America in exchange for $42 million in cash.

  • “We now own 100% of this iconic channel, with full operational control,” CFO Patrick O’Connell said.

CONTENT

• How to Make My Anti-Aging Lunch (Live to 120+)

  • YouTuber and longevity specialist Bryan Johnson breaks down his optimal diet for healthy and longevity.

  • Johnson founded Braintree, acquired Venmo, and then sold the combined company to PayPal for $800 million dollars.

  • ‘Don’t Die’ has become the slogan for Bryan Johnson, who has amassed 1.23M subscribers to date.

• How To Build The Future: Sam Altman

  • YC President and CEO Garry Tan sits down with Altman to talk about the origins of OpenAI.

  • Also Sam’s time at YC, commercialising GPT-4, learning from platform shifts and more.

  • The Y Combinator channel current sits at 1.57M subscribers.

• Donald Trump Wins In A Landslide (ft. Bridget Phetasy) Media Meltdown, Vibe Shift In America

  • Conservative podcaster Mike Solana joins Brandon Gorrell, Riley Nork, and Bridget Phetas break down Trump’s historic win.

  • The Prediction markets beat traditional polling, thoughts on how the left regroup from the loss and more.

  • And what should the word expect from the next four years from the Trump presidency.

WORLD

• Why North Koreans Are Prepared to Die in Russia

  • 10,000 North Korean soldiers are deployed to the Russian front lines in war against Ukraine.

  • Claims nearly all would raise their hands to go, owing to regime loyalty, promise of higher status and a glimpse of outside world.

  • Large group of Russian and North Korean forces prepared to retake Russia’s Kursk region from Ukraine.

• Amsterdam bans protests after 'antisemitic squads' attack Israeli soccer fans

  • Mayor Femke Halsema called soccer supporters involved an "antisemitic hit-and-run squads."

  • Maccabi Tel Aviv fans had been "attacked, abused and pelted with fireworks," with attackers yelling anti-Israeli slurs.

  • Israeli Prime Minister Benjamin Netanyahu's government sent planes to the Netherlands to bring fans home.

• Gazans Are Living Through a Yearlong Blackout

  • Gaza has had very little electricity since Israel cut off its supply in the first days of the war over one 1 year ago.

  • Palestinians are resorting to lighting the dark with cellphones and to cook over open flames.

  • Communication between hospitals, health workers and aid agencies is becoming sporadic.

AND MORE…

• FTX bankruptcy estate sues Anthony Scaramucci, FWD.us, others

  • FTX filed 23 lawsuits Friday against Anthony Scaramucci (pictured above), his hedge fund SkyBridge Capital.

  • The lawsuits are an attempt to claw back money for FTX’s creditors following the company’s collapse.

  • FTX claims that the money was part of “a campaign of influence-buying” by founder and CEO Sam Bankman-Fried.

• Meta's Threads is 'overrun' with liberal election fraud conspiracies

  • Thousands of users have amplified baseless claims of hacked voting machines.

  •  One conspiracy centered around Elon Musk, alleging that the billionaire hacked the election through his Starlink.

  • The Atlantic's Charlie Warzel describes phenomena, a new "choose-your-own-adventure reality."

• Painting by A.I.-Powered Robot Sells for $1.1 Million

  • The portrait depicts the British mathematician Alan Turing as the god of artificial intelligence.

  • The painting was part of Sotheby’s digital art sale and initially was estimated to sell for $120,000 to $180,000.

  • Its creator is a robot named Ai-Da that resembles a woman with a bob haircut.