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Hello from Kyoto! Given my tight travel schedule, I have not been able to publish Opinion Pieces last week or this week, however, I will make sure I cover all the pieces in next week’s edition. Travel is essential to me and everything I do (towards investing and financial freedom) is to make travel possible. So, I allow myself a little bit extra time when I am enjoying the fruits of my labor. This was also an exceptionally slow week for news, so very short article today.
Also to make up for it, I have something special at the end of today’s article.
This Week’s Alpha Coverage: YouTube Playlist.
Editor’s Pick:
$AMZN
AWS shows off new AI processors, expands Nvidia deal as chip race heats up
The new Graviton4 and Trainium2, both announced at AWS re:Invent, have better performance, more cores and memory than previous versions, Amazon (AMZN) said in a statement. For Graviton4, it has 30% better performance than Graviton3, while also containing 50% more cores and up to 75% better memory.
Trainium2 is capable of delivering up to four times faster training than the first generation and will be used in AWS's EC2 UltraClusters of up to 100,000 chips. The cloud giant said it can train foundation and large language models, or LLMs, in "a fraction of the time" and improve energy efficiency by up to two times.
In addition, AWS and Nvidia (NVDA) expanded their previous deal and will offer Nvidia's H200 AI GPUs, via the Nvidia DGX Cloud, available on AWS.
AWS will also offer the first cloud AI supercomputer with NVIDIA Grace Hopper Superchip and AWS UltraCluster scalability, the company said.
Link to Seeking Alpha News Article - Nov. 28, 2023
News, Facts, Analyst & Market Commentary - Short Reads
#BTC #ETH
Crypto funds garner largest weekly inflows this year - report
Digital asset investment funds saw net inflows of $346M last week, the largest amount this year, CoinShares reported Monday.
The inflows for the week ended Nov. 24 marks the largest amount in what's so far been nine straight weeks of inflows, the report said.
Funds tracking bitcoin (BTC-USD) dominated last week's inflows, attracting $312M. Short-bitcoin funds, meantime, saw a third week of outflows signaling continued capitulation among short sellers, CoinShares said.
Ethereum (ETH-USD) funds raked in $34M of inflows last week, "bringing this 4-week run to US$103m.
Link to Seeking Alpha News Article - Nov. 27, 2023
$AMZN
Amazon unveils Q, a new generative AI chatbot to aid customer service
Amazon Q provides agents with recommended responses and actions based on real-time customer questions for faster and more accurate customer support, the company said in a statement.
A preview version of Q is available now, and several features are available for free, CNBC reported. Amazon (AMZN) will eventually charge business users $20 per person per month. A version with features for developers and IT workers will cost $25 per person per month.
For comparison purposes, both Microsoft (MSFT) and Google (GOOG) (GOOGL) charge $30 per person per month for Copilot for Microsoft 365 and Duet AI for Google Workspace, respectively.
Link to Seeking Alpha News Article - Nov. 28, 2023
$NFLX
Netflix bringing 'Grand Theft Auto' trilogy to game offerings
Netflix (NASDAQ:NFLX) is making its next big ambitious move in videogaming by indulging its subscribers' criminal underworld fantasies -- via bringing a trio of Grand Theft Auto franchise games to mobile.
The streamer will launch Grand Theft Auto: The Trilogy -- The Definitive Edition at no extra charge for its subscribers Dec. 14.
That includes a trio of the franchise's definitive-edition titles from the early 2000s: Grand Theft Auto III, Grand Theft Auto: Vice City and Grand Theft Auto: San Andreas.
The games, originally console hits, have been updated for mobile play, and like its other games will feature no extra fees, ads or in-app purchases, Netflix (NFLX) says.
Subscribers can pre-register for the games starting today.
Link to Seeking Alpha News Article - Nov. 29, 2023
$AMZN
Amazon contracts rival SpaceX for Project Kuiper satellite deployment
The tech and retail giant has secured three launches on SpaceX's (SPACE) Falcon 9 rocket, with the missions targeting lift-off starting in mid-2025.
The agreement comes amid a competition between the two companies to deliver internet-providing satellites into orbit around Earth, with SpaceX (SPACE) having developed its Starlink project.
"Project Kuiper satellites were designed from the start to accommodate multiple launch providers and vehicles, allowing us to reduce schedule risk and move faster in our mission to connect unserved and underserved communities around the world," Amazon (AMZN) said in a statement.
Link to Seeking Alpha News Article - Dec. 01, 2023
Charlie Munger’s best quotes about investments, the stock market, and the economy
“If you’re going to invest in stocks for the long term or real estate, of course there are going to be periods when there’s a lot of agony and other periods when there’s a boom. You just have to learn to live through them. I believe in doing as well as you can and keep going as long as they let you.” — At the 2021 Daily Journal Annual Meeting.
“Mimicking the herd invites regression to the mean (merely average performance).” — From “Poor Charlie's Almanack,” a book by Munger.
“The world is full of foolish gamblers, and they will not do as well as the patient investors.” — during a 2018 Weekly in Stocks interview.
Link to Seeking Alpha News Article - Nov. 29, 2023
Disclosure: We own positions in some/all of the tickers mentioned in this article.
