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

In today’s edition we are tackling the following:

📺 James Bond tells Netflix their model stinks.
👾 Hugging Face, Amazon, Google aim aim to slash AI costs.
🛻 Cybertruck is third best selling EV car.
🍎 Apple could stop making this Vision Pro altogether.
👴🏻 Bernie Sanders joins Lex Fridman.

TECH

• Startup Hugging Face aims to cut AI costs with open source offering

  • Amazon, Google and others are partnering.

  • The group are aiming at lowering the costs for building chatbots and other AI systems.

  • Hugging Face to offer the product through Amazon and Google's clouds for $1 per hour.

• Apple Sharply Scales Back Production of Vision Pro

  • Production has been slowed heavily since early summer.

  • The Vision Pro is widely reported to have seen weak demand due to insufficient content and its high price point.

  • Source say they could stop making the existing version entirely by the end of 2024.

• X’s India revenue falls 90%, filing shows

  • India plummeted 89.8% to $2.51 million in the financial year ending March.

  • X also significantly reduced its expenses in India to $2.2 million from $20 million year-over-year.

  • It remains unclear why X’s revenue declined so dramatically in the country.

BUSINESS

• Cybertruck pushes to become third best-selling EV in America

  • The only two vehicles that sold better were the Model 3 sedan and Model Y SUV.

  • Kelley Blue Book pegged Tesla’s Cybertruck sales as third-best last week, notching over 16,000 sales.

  • Ford only sold around 7,000 F-150 Lightnings in the third quarter, and just over 13,000 Mustang Mach-E SUVs.

• Bessemer, Index, and a16z alum launch VC firm Chemistry

  • New VC firm Chemistry raised $350 million for its debut fund, Forbes reported on Wednesday.

  • Investments will be in early-stage startups mainly at the Series A stage, but also seed.

  • Report are the debut fund was 2x oversubscribed.

• Inflation Has Cooled, but Americans Are Still Seething

  • Many saw wage increases that kept pace with the pandemic’s rapid price hikes.

  • Psychological toll remains high though.

  • Inflation during COVID hit 40 year highs.

CONTENT

• Bernie Sanders Interview, Lex Fridman

  • Corruption in politics, US healthcare, 2016 election, hope for the future and more.

  • Bernie Sanders is a US Senator from Vermont and a two-time presidential candidate.

  • Lex Fridman is a famous podcaster with more than 4 million YouTube subscribers.

• Kamala on Fox News, Elon’s Election Gamble, and an Endorsement, Raging Moderates

  • Scott Galloway and Jessica Tarlov on the final sprint of the campaign.

  • Elon Musk’s $1 million random payments, early voting numbers, and the fallout from the killing of a top Hamas leader.

  • Galloway is a famous liberal, while Tarlov is a strategist for the Democrats while working at Fox News.

• How An AI Bot Became a Crypto Millionaire, a16z

  • a16z co-founders Marc Andreessen and Ben Horowitz explore the intersection of AI and crypto.

  • The rise of Truth Terminal, an autonomous chatbot developed by AI researcher Andy Ayrey.

  • Decentralization and the future of creative industries.

WORLD

• North Korean Troops Are in Russia

  • U.S. says the troops may be used in Ukraine War.

  • Moscow is becoming more reliant on foreign assistance.

  • U.S. officials are still weighing their response.

• Israeli strikes pound Beirut

  • Attacks by Israel have killed 28, injured 139: Lebanese Health Ministry.

  • Israeli military says it has attacked more than 160 Hezbollah targets.

  • Death toll in Lebanon to 2,574 since fighting erupted between Hezbollah and Israel in October last year.

• Viral Pup Climbs to the Top of an Egyptian Pyramid

  • Video post of the feat is going viral on social media.

  • The pup was barking and jogging back confidently, prompting the moniker “the king of the pyramid.”

  • There are an estimated 15 million stray dogs in Egypt.

AND MORE…

• DOJ has warned Elon Musk’s America PAC that $1M voter sweepstakes may violate law

  • Musk is spending millions of dollars supporting his Trump.

  • He has publicized a $1 million prize aiming to increase voter registrations in hotly contested states.

  • It’s not clear when Musk received the Justice Department’s letter.

• Daniel Craig tells Netflix “Your model is fucked”

  • Daniel Craig reportedly told Netflix co-CEO Ted Sarandos at Glass Onion premiere.

  • Knives Out made $313M in theatres. Glass Onion only $13M.

  • Netflix, stands by it’s model.

• Trying to reverse climate change won’t save us, scientists warn

  • New technologies to cool down the planet comes at their own cost.

  • Recent research published in Nature warns toll can’t be undone.

  • “Climate change comes with irreversible consequences.”