Odd Lots is hosting its final live show of the year on December 9 at City Winery in NYC, and tickets are now on sale. Hosts Joe Weisenthal and Tracy Alloway say more guests will be announced in the coming days and weeks, but one confirmed speaker is Lina Khan, Chair of the NYC Economic Development Corporation. Fans are encouraged to buy tickets before the event sells out.
Markets are having another rough day, particularly for AI and big tech names. As of the time of writing, NASDAQ-100 futures were down 2.85%. Rather than adding to the commentary, the newsletter points to Accenture, whose stock is near its high of the year and solidly green while the broader market is getting hammered. The writer argues that Accenture's labor-intensive services business makes it hard to be bullish on both AI and Accenture at once, so the stock may be a useful gauge of AI sentiment.
Last night, the crypto exchange Binance was hacked, with billions of dollars drained by attackers. Many expect attacks to become more common as AI models grow more capable at cyber tasks. The newsletter's podcast episode features Calif CEO Thai Duong and Calif engineer Bruce Dang, who were among the first to discover a recent PHP vulnerability that could affect 70% of all websites. Both are longtime cybersecurity veterans and hackers, and they discuss whether AI fundamentally changes the industry or simply accelerates the ongoing race between attackers and defenders.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing