- Short Squeez
- Posts
- đ Apple Intelligence
đ Apple Intelligence
Apple will team up with OpenAI to give all of your products - your iPhone, Mac, Mail, and Photos apps - a makeover.
Together With
âOur goal has never been to make the most. It's always been to make the best.â â Tim Cook
Good Morning! OpenAI announced new executive hires, including a Chief Financial Officer. Activist hedge fund Elliott took a $1.9 billion stake in Southwest Airlines, aiming to oust the CEO. Nvidia could be one of the next stocks to join the Dow Jones after its 10-1 stock split. Evercore is bullish on Nvidia and thinks the stock could become 15% of the S&P 500. Orange juice prices are the latest to be hit by inflation. Plus Roger Federer gave three âtennis lessonsâ during his commencement address at Dartmouth.
Topdown Charts just dropped its latest report on the US stock market, which Short Squeez readers can download for free here.
SQUEEZ OF THE DAY
Apple Intelligence
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/91aae5ee-f637-4b53-98e1-5850cbbfe75b/image.png?t=1718077840)
Apple announced its long-awaited push into apple intelligence on Monday. Theyâll team up with OpenAI to give all of your products - iPhone, Mac, Mail, and Photos apps - a makeover. Apple says itâs personalized, and deeply integrated, and is trying to spin it as one of its most revolutionary offerings yet.
For a couple of years now, Apple has been exploring ways to leverage AI to improve Siri. By incorporating ChatGPT, Apple plans to introduce a revamped Siri that offers fewer awkward pauses and more natural, fluid responses. Users will now be able to engage in whole conversations with Siri and even type out their requests for seamless assistance.
Siri will have the smarts to understand context across your Apple devices. Need to save an address from Messages? Siri will have you covered. Plus, Siri can tap into ChatGPT for those times you want a second opinion.
Apple Intelligence isnât just about Siri. Your devices will prioritize notifications, helping you stay focused on what matters. Overwhelmed with emails or notes? The new writing tools can summarize or rewrite content for you. Plus, youâll be able to create AI-generated images of people, places, and animals in three different styles.
Elon Musk wasn't too happy with the news of the collaboration between OpenAI and Apple, labeling it "an unacceptable security violation" and threatening to ban Apple devices from his companies.
Takeaway: While Microsoftâs Copilot and Googleâs Bard (or should we say Gemini?) have been taking up the AI spotlight, Appleâs entry is making waves. Despite some hiccups from the competition â like Googleâs âeat rocksâ blunder and Microsoftâs security nightmare with their Recall app â Appleâs reputation for smooth, secure software gives it a leg up.
Letâs hope they donât trip, because a slip-up could tarnish not just their brand but the whole generative AI industry. In classic Apple fashion, the stock took a little dip despite the big news â down 2% to $193/share.
PRESENTED BY TOPDOWN CHARTS
The Essential Report on the US Stock Market
Topdown Charts has just released a comprehensive report on the US stock market, offering long-term perspectives on price trends, fundamental shifts, sector and style opportunities, global stocks, and asset allocation challenges.
The report dives into the history of the US stock market, revealing that while it's predominantly a tale of bull markets, understanding the full picture requires more than just a single chart.
Among the key insights, the report highlights the significant investment potential in small-cap stocks, which may be the strongest opportunity for investors right now.
HEADLINES
Top Reads
OpenAI announces new top executive hires (Axios)
Elliott takes $1.9 billion stake in Southwest Airlines, seeks to oust CEO (CNBC)
Nvidia sparks chatter over possible Dow inclusion after stock split (Reuters)
JPMorgan warns of market shock from CPI, Fed (YF)
Elon Musk threatens to ban Apple devices from his companies over OpenAI partnership (CNBC)
Evercore thinks Nvidia could become 15% of the S&P (MW)
Orange juice falls prey to inflation (Axios)
Consumer expectations for stocks hit three-year high in May (YF)
Family offices are planning big investments in private companies (CNBC)
Investors brace for the Fed to dial back its 2024 rate cut predictions (YF)
CAPITAL PULSE
Markets Rundown
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/965106ac-95f8-4537-8723-c5b97c07adfb/master_index.pptx__68_.png?t=1718062566)
S&P 500, Nasdaq notch fresh records as huge week on Wall Street kicks off.
Movers & Shakers
(+) KKR ($KKR) +11% because the private equity firm will join the S&P 500.
(+) Southwest Airlines ($LUV) +7% after activist investor Elliott took a $1.9B stake.
(â) GameStop ($GME) -12% as the stock pulls back from its meme stock rally.
Private Dealmaking
Noble bought Diamond Offshore Drilling for $1.6 billion
Cognizant Technologies bought Belcan, a digital engineering firm, for $1.3 billion
Ambar Energia bought a gas-powered electric plans portfolio for $878 million
Space Pioneer, a reusable rockets developer, raised $207 million
Amber Therapeutics, a neuromodulation therapy developer, raised $100 million
Karl Storz of Germany bought Asensus Surgical for $95 million
For more PE, VC & M&A deals, subscribe to our Buysiders newsletter.
BOOK OF THE DAY
Warren and Bill
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/9c7c9d32-b968-48ff-b35c-becf82493344/Screen_Shot_2024-06-11_at_12.38.36_AM.png?t=1718093300)
Few friendships have had such far-reaching implications for the worldâfrom finance to technology to philanthropyâthan that between Bill Gates and Warren Buffett. After meeting at a party in 1991, the two played cards and golf, shared jokes, swapped trade secrets, ate junk food, talked and listened.
Their growing friendship would impact each man and lead to change on a grander scale, culminating in the development of the Bill and Melinda Gates Foundation, which holds nearly $50 billion in assets.
How did such an unusual union blossom? In what ways specifically did each man begin to influence the other? How did these two avid wealth accumulators jointly decide to address some of the worldâs most critical problemsâpoverty, disease, inequalityâby giving their wealth away?
And what, finally, does their giga-wealthy partnership mean for the rest of us in an age of great wealthâand great inequality? This book gives the fullest account yet of this extraordinary relationship and explores how it has transformed these two menâand is changing the world for the better for all of us.
âOne of the most impactful relationships in history, and the basis of an upcoming play and film.â
DAILY VISUAL
Car Sales are Very Strong
No signs of slowdown in auto sales
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/8ec1f747-f511-4b8a-a2d4-ee0b023a429e/image.png?t=1718036000)
Source: Apollo
PRESENTED BY PUCK
Unveiling Wall Street's Black Box
Do you crave the intersection of money and power or are simply curious what C.E.O.s to the SEC Chair read to know whatâs really happening behind closed doors on Wall Street?
Look no further than Puck, built in partnership with an elite team of authors covering the inside story at the nexus of Wall Street, Washington, Hollywood, media, fashion, sports, and art.
Everybody on Wall Street is reading Bill Cohanâs private newsletter Dry Powder, religiously. In his latest edition, Bill takes a microscope to Sam Bankman-Friedâs beef with Sullivan & Cromwell. You can access it by starting your free trial here.
DAILY ACUMEN
Flow
Flow, a state of heightened concentration where one is fully absorbed in an activity, has been linked to various mental and cardiovascular health benefits.
This concept, popularized by psychologist MihĂĄly CsĂkszentmihĂĄlyi, describes an optimal experience where people are highly effective and lose track of time.
Recent research, including a study by Miriam Mosing and her team, suggests that while flow may be associated with lower risks of depression and anxiety, the relationship is complex and influenced by genetic predispositions and personality traits like neuroticism.
Although flow itself may not directly cause better health outcomes, engaging in flow-inducing activities can provide immediate psychological rewards by diverting focus from stress and worries.
ENLIGHTENMENT
Short Squeez Picks
2024 commencement address by Roger Federer at Dartmouth
9 morning routines to get your day off to the right start
1 key thing you need at work to love your job
The importance of developing and maintaining your social fitness
7 reasons you stop improving
We are all surrounded by immense wealth
MEME-A-PALOOZA
Memes of the Day
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/b368bc22-9cac-4e6d-aaa0-e330703a3ffd/image.png?t=1718036122)
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/b0e1ce8d-70a8-4e74-bf75-06e8b8284039/image.png?t=1718079146)
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/1fb0b9d8-3c0d-4e5d-b317-bd112ba65a87/image.png?t=1718079197)
Acquire new customers and drive revenue by partnering with us
Short Squeez, one of the world's largest finance newsletters, reaches over 200,000 readers from top banks and investment firms. Leading companies like The Economist, Sony, and Datasite showcase their offerings in Short Squeez. Learn more about partnering with us here.
What'd you think of today's edition? |
Reply