The Daily Upside

Electric Vehicles

Baidu’s Robotaxi Nears Profitability, While US Peers Are Stuck in Neutral

Photo by Kentaro IEMOTO via CC BY-SA 2.0

The company started operating some fully driverless robotaxi rides in September 2023, and said 45% of Q4 orders were fully driverless models.

2 min read
Social Media

Billionaire Frank McCourt Pursues TikTok Acquisition

Photo by Knight Foundation via CC BY-SA 2.0

McCourt says his goal is to build “a new and better version of the internet, where individuals are respected.”

2 min read
Patent Drop

Google Patent Seeks To Make Robots More Observant

Photo via U.S. Patent and Trademark Office

Google wants its robots to pay closer attention to the people around them.

2 min read
Inflation & Prices

April’s Inflation Report Finally Hints at Progress

Photo by Atoms via Unsplash

The CPI rose just 0.3% from the previous month. Perhaps most importantly, the annual core rate fell from a year earlier.

2 min read

Patent Drop

Hyundai Patent Aims to Build Trust in Self-Driving Cars

Photo via U.S. Patent and Trademark Office

As AI takes the wheel, Hyundai wants to make sure backseat drivers are comfortable.

2 min read
Regulation

What Happens If Section 230 Gets Sunsetted?

Photo by Adam Michael Szuscik via Unsplash

A new bipartisan bill just introduced in Congress aims to make tech companies responsible for content posted on their platforms.

3 min read
Media & Entertainment

Comcast is Building a Streaming Bundle with Peacock, Netflix, Apple TV+

Photo by Mike Mozart via CC BY 2.0

Comcast announced it would soon launch a new bundle that would package together its streaming service Peacock with Netflix and Apple TV+.

2 min read
Technology

Sony Is Past its PlayStation 5 Peak

Photo by Kamil S via Unsplash

Sony said Tuesday that Playstation 5 sales rose over the past fiscal year, but it lowered its sales guidance over the next year.

2 min read

Private Equity

Private Equity Group Dodges FTC Antitrust Lawsuit

Photo by Ipse Dixit via Unsplash

A US judge ruled Tuesday that private equity groups still have legal cover from lawsuits involving their portfolio companies.

2 min read
Markets

Keith Gill Resurfaces, Kicks Off Another Meme-Stock Frenzy

Photo by Will Buckner via CC BY 2.0

A rare social media appearance by a well-known daytrader boosted GameStop and other stocks that gained popularity during the 2021 craze.

2 min read
Consumer

Temu Gets Spooked by Possible TikTok Ban

Photo illustration by Connor Lin / The Daily Upside

The-commerce app, which has spent a fortune marketing itself in America, is reportedly starting to hedge its reliance on the US market.

2 min read
Energy

US Oil Industry Faces Wave of Antitrust Trouble

Photo by Maria Lupan via Unsplash

US shale producers are on the receiving end of a wild well of class-action lawsuits alleging anticompetitive behavior.

2 min read

Patent Drop

Meta’s Machine Learning AR Patent Fuses Its AI and Metaverse Bets

Photo via U.S. Patent and Trademark Office

Despite investors’ reaction to the company’s big spending, Meta’s potential to monetize AI and its access to data may give it a leg up in the long…

2 min read
Electric Vehicles

Biden Reportedly Planning a 100% Tariff on Chinese EVs

Photo by Michael Förtsch via Unsplash

But the ramped-up protectionist wave hasn’t extended to investor interest in new shares of Chinese companies.

2 min read
International Economics

Bargain-Hunting Investors Are Bidding Up UK Stocks

(Photo by Christopher Bill on Unsplash)

UK stocks have been outperforming US stocks on a broad index-based level for the past seven weeks, but this isn’t a case of a UK renaissance.

2 min read
Economics

Is the US Seeing a Startup Boom?

Photo by Growtika via Unsplash

After a slump through the latter half of the last decade, the US is experiencing a startup tsunami, according to The Economist.

2 min read
Patent Drop

Microsoft Patent Could Broaden Large Language Models’ Horizons

Photo via U.S. Patent and Trademark Office

Microsoft wants its language models to be a little more adaptable.

2 min read
Consumer

Uber’s Behavior Prediction Model May Come With Privacy Problems

Photo via U.S. Patent and Trademark Office

Uber wants to know how you feel before you even get into your ride.

2 min read
Energy

Can We Solve Climate Change by Suing Polluters?

Photo illustration by Connor Lin / The Daily Upside

Climate litigation is rapidly transforming to offer the promise of big victories and big cash prizes for lawyers.

6 min read
Regulation

Regulators Look to Expand Whistleblower Reward Programs

Photo illustration by Connor Lin / The Daily Upside

In its 2023 full-year report, the SEC Office of the Whistleblower said it received 18,354 whistleblower tips, a 49% increase from 2022.

1 min read

Advisor Upside

Financial advisor news, market insights, and practice management essentials.

Crypto on Track for M&A Record With Coinbase’s $2.9B Derebit Takeover

Brian Armstrong, CEO of Coinbase. Photo by TechCrunch via CC BY 2.0.

2 min read
Lab-Grown Diamonds? Turns Out They’re Not De Beers’ Best Friend

Photo by Tupungato via iStock

2 min read
UK-US Strike Trade Deal Affirming ‘Special Relationship’

UK Prime Minister Keir Starmer. Photo by Simon Dawson / No 10 Downing Street via CC BY 2.0.

2 min read

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