Missed the Latest? Nvidia +172% & More Below

🚨 Welcome to This Week’s Morning Byte Newsletter

Brace yourself: inflation has finally decided to take a breather, slowing down to 2.4%. Meanwhile, Tesla’s stock nosedived by 6%, wiping a staggering $40 billion off its valuation. And if you thought that was all, JPMorgan's revenue only rose by 7% amid soaring credit losses. The business and tech landscapes are shifting beneath our feet, and staying informed is no longer optional—it's survival.

🤖 Tech Updates

1. Tesla’s Robotaxi Coming in 2026
AP News
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Tesla announced the launch of their affordable Cybercabs, priced under $30K, set to hit the roads by 2026. Enhanced Full Self-Driving (FSD) features are expected to integrate into Model 3/Y, boosting Tesla’s AI-driven business growth.

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2. Nobel Winner Warns AI Dangers
The Wall Street Journal
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A recent Nobel accolade underscores the escalating risks associated with AI. Major firms are now pushing for stringent safety measures as AI begins to control critical sectors, highlighting the urgent need for responsible development.

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3. Tesla Robotaxi Faces Doubts
AP News
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Despite the grand announcement, Tesla’s Cybercabs still require drivers due to unresolved safety concerns. The rollout, planned for next year, faces skepticism from both investors and the public.

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4. Army Deploys AI Robotic Dogs
Industry Tap
mbyte.co/m1n

The Army has introduced AI-powered robotic dogs capable of detecting aerial threats at night. These units proactively neutralize drones, navigate challenging terrains, and enhance soldier safety on the battlefield.

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5. Uber Launches $18 Shuttle
WSJ
mbyte.co/qeb

Uber rolled out a new $18 flat fare shuttle service to streamline airport travel. This move aims to reduce NYC traffic congestion while simultaneously boosting Uber’s user base.

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6. Silicon Valley’s First Drone Service
The Verge
mbyte.co/czd

Silicon Valley debuts its first FAA-approved delivery drone service, operating in Mountain View and Sunnyvale. These drones promise faster essential deliveries and aim to cut down both congestion and emissions in the area.

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7. OpenAI Faces Leader Exodus
The Hollywood Reporter
mbyte.co/p8u

OpenAI is experiencing a significant leadership shakeup as executives resign over safety concerns. Despite raising $6.6 billion in funding, the shift towards a for-profit model has intensified worries about AGI safety risks.

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8. AR Glasses Replacing Your Phone
The Verge
mbyte.co/6i5

Orion AR has developed next-generation AR glasses priced at $300, with demand already surpassing estimates. A strategic partnership with Ray-Ban is set to propel these glasses into the mainstream, potentially replacing your smartphone.

📈 Market Insights

1. AMD Slows Behind Nvidia's Surge
WSJ
mbyte.co/lf8

AMD is trailing Nvidia as it targets $4.5 billion in GPU sales. Nvidia's stock soared 172% this year, pushing AMD to aim for a $12.8 billion GPU revenue by 2026 and secure a 10% share of the AI market.

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2. Tesla’s Stock Drops 6%
Wall Street Journal
mbyte.co/jsl

Tesla’s stock plummeted by 6%, resulting in a $40 billion drop in valuation. The recent event lacked key details, and the Cybercab project slated for 2026 has investors doubting the company’s ambitious deadlines.

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3. JPMorgan Revenue Rises 7%
Business Insider
mbyte.co/f33

JPMorgan reported a 7% increase in revenue, with earnings up by 1%. However, credit losses surged by 125%, prompting the firm to adopt a more cautious stance amid rising global risks.

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4. Inflation Slows to 2.4%
Bureau of Labor Statistics
mbyte.co/hnl

The Consumer Price Index (CPI) climbed 2.4% annually. Sheltering costs and food prices significantly contributed, while energy expenses decreased by 6.8%, signaling a potential shift in investment strategies.

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5. Rates Up, Borrowers Alert
CNET
mbyte.co/cig

Interest rates rose this week, making loans more expensive and home purchases tougher. The 30-year mortgage rate is now at 6.46%, urging borrowers to act swiftly before rates climb higher.

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6. Samsung’s Profit Growth Slows
The Wall Street Journal
mbyte.co/lpz

Samsung reported a sharp decline in profit growth for Q3, missing forecasts due to a chip oversupply that damaged margins. The company vows to implement strategies to recover lost ground in the competitive market.

🏛️ Policy Updates

1. NYC Laws Cost Drivers Millions
Bloomberg
mbyte.co/tzr

Uber and Lyft blocked 1% of drivers, saving millions daily. New York City plans to implement stricter regulations, which could cost drivers and companies millions more.

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2. DOJ Fights Google's Power
NPR
mbyte.co/pah

The Department of Justice has intensified its crackdown on Google, disrupting tech deals to ensure fair competition. Google has already spent $26 billion in efforts to maintain its market dominance.

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3. NetChoice Blocks Child Safety Laws
The New York Times
mbyte.co/iqw

NetChoice successfully halted the implementation of new child safety laws, filing seven lawsuits with significant backing from Big Tech. This delay postpones nationwide regulations.

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4. Supreme Court Blocks Musk Appeal
AP News
mbyte.co/erh

The Supreme Court denied Elon Musk’s appeal, saving him substantial legal fees. The decision upholds warrant requirements, tightening security on the X platform.

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5. FTC Advances Amazon Antitrust Suit
AP News
mbyte.co/rc5

The Federal Trade Commission has moved forward with its antitrust lawsuit against Amazon, dismissing some state claims. This action aims to promote fair business practices and enhance market competition.

💼 Industry Trends

1. Cyber Funding Halves Q3
Crunchbase News
mbyte.co/cds

Cybersecurity funding halved in Q3, with only $2.1 billion raised across 116 deals. Despite the downturn, investors remain hopeful about the sector's long-term prospects.

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2. Home Depot Employees Work Stores
Business Insider
mbyte.co/mel

Home Depot’s corporate staff have been rotating through store shifts four times this year to gain deeper customer insights. This strategy aims to drive business growth by better understanding frontline operations.

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3. Ghana's E-Waste: Opportunity & Risk
NPR
mbyte.co/6le

Ghana's e-waste industry holds a $91 billion value, boosting the economy through recycling profits. However, the 15,000 tons dumped yearly poses significant environmental and health risks.

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4. Gen Z's Workplace Shift
Fortune
mbyte.co/9b5

61% of Gen Z workers prioritize their work identity, emphasizing wellness and mental health to boost productivity. Companies are increasingly offering more support to attract and retain this vital workforce.

🚀 Emerging Tech

1. AR Glasses Replacing Your Phone
The Verge
mbyte.co/6i5

Orion AR has developed AR glasses priced at $300, with demand already surpassing estimates. A key partnership with Ray-Ban is set to propel these glasses into mainstream use, potentially replacing smartphones in the near future.

📬 Final Roundup

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