Bitcoin might replace US dollar in the future

Hello Guys! Today we are covering:

👉 Hard-to-contain fire is eating up Malibu

👉 Bitcoin might replace US dollar

👉 Grok is officially an AI non-doctor

and many more!

Today’s issue is a 5.2-minute read.

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Quote of the day

“If you work really hard, and you're kind, amazing things will happen.”

Conan O'Brien (American comedian and TV personality)

Must Know

Malibu evacuates as Franklin fire rages on

🔥 A fast-moving wildfire has forced about 18,000 residents in Malibu, California, to evacuate. The fire started on Monday and quickly spread, burning over 3,000 acres and destroying at least 7 structures.

💨 Strong winds and dry conditions have made it difficult for firefighters to control the blaze. Malibu's Mayor Doug Stewart described the situation as a "traumatic 20 hours" for the community, as emergency operations were moved to a safer location.

Many famous residents, including actor Dick Van Dyke, have been affected. He shared that he and his wife evacuated with their pets but lost one of their cats during the chaos. Schools in Malibu are closed until Thursday, and nearly 60,000 customers across California experienced power outages due to the fire and strong winds.

There is a chance that Bitcoin will replace US dollar

🐂 A Wall Street analyst, Gil Luria, who first predicted Bitcoin could reach $100,000 a decade ago, now suggests there’s a small chance it could completely replace the US dollar and soar to $5 million per coin.

In a recent report, Luria assigned a 1-2% probability to this outcome, emphasizing that Bitcoin has overcome many challenges and gained significant adoption over the years.

💰 Luria believes Bitcoin serves primarily as a store of value, similar to gold, and has become an attractive asset for trading due to its liquidity and constant market activity. While the U.S. dollar remains strong, he notes that Bitcoin's growing role in portfolios could help investors hedge against inflation and economic uncertainty.

Elon Musk’s Grok is basically an AI non-doctor

🤖 X’s AI chatbot, Grok, is designed to help users analyze any type of image including medical images like X-rays and MRIs. Since its debut in 2023, Grok has been integrated into the Twitter app, allowing users to access its services for a low monthly fee.

Recently, Musk encouraged people to test Grok's abilities by submitting their medical scans for analysis, claiming it can provide helpful insights about health conditions.

While some users have shared positive experiences, like getting advice on post-surgery care, experts caution about the risks of sharing personal medical information with AI. They stress that Grok is not a replacement for real doctors and that privacy concerns should be taken seriously.

⚡Speed-Round: The Most Impactful Stories

🤖 OpenAI has launched Canvas, enhancing ChatGPT into a collaborative partner for 📝 writing and 👩‍💻 coding. This new feature allows users to create and refine text or code in real time within a dedicated workspace, offering AI-powered editing and adjustments for tone and length. It basically combines the best parts of tools like Google Docs, Microsoft Word and coding environments such as VSCode, but deeply integrated AI capabilities.

Google is partnering with Intersect Power and TPG Rise Climate to invest $20 billion in 🍂⚡ renewable energy projects to power its data centers, which are essential for its growing AI capabilities. This initiative aims to develop gigawatt-scale data centers alongside renewable energy sources like wind and ☀ solar, with the first project expected to be operational by 2026 and fully completed by 2027. The partnership includes an $800 million equity investment and emphasizes a phased approach to connect the data centers directly to renewable energy sources.

🚗 Amazon has launched Amazon Autos, an online platform for purchasing new Hyundai vehicles in 48 US cities, including major markets like Atlanta and Los Angeles. This service allows customers to browse cars by specifications, secure financing, and complete purchases online with transparent pricing and no haggling. Initially focused on Hyundai, Amazon plans to expand to more cities and brands in 2025, aiming to simplify the car-buying process with features like trade-in valuations and e-signing of documents.

Top-levels

Markets & Business

• 🛒 Kroger and Albertsons grocery chains were aiming for a $25 billion merger but the deal was halted by a US judge due to concerns of higher prices and less bargaining leverage for union workers.

• 🚗 General Motors said yesterday it will drop its self-driving taxi business and stop funding its money-losing Cruise autonomous vehicle unit. Instead, GM will focus on its Super Cruise system, which allows drivers to take their hands off the steering wheel.

• 📈 Google shares rose more than 5.5% yesterday after the company revealed a "breakthrough" quantum computing chip called Willow. According to Google, Willow can complete computations in minutes that would take supercomputers 10 septillion years.

• 💻 Oracle, American computer technology company and database software vendor, experienced a significant drop of almost 7% in share value, their steepest decline in a year, following their disappointing earnings report.

• ✈ Shares of Boeing jumped 5.8% in the morning session after the company reported that it had restarted production of the 737 MAX jets.

Science & Tech News

• 📷 Instagram launches a new feature called “trial reels“, which allows content creators try out content and see what performs best by sharing the reels with non-followers.

• 🦋 Bluesky, X competitor, is developing a subscription service called Bluesky+, potentially priced at $8 per month. Features like higher quality video uploads, profile customizations, and analytics might be on their way to the users. The company is exploring various revenue streams beyond ads, including selling domain names and algorithms.

• 🎥🎤 YouTube’s new auto-dubbing feature, which allows creators to generate translated audio tracks for their videos, is now rolling out to hundreds of thousands more channels, especially those that are focusing on informational and knowledge based content.

• 📱 TikTok’s e-commerce Shop platform is launching in Spain | 🦉 Duolingo is collaborating with Netflix to help Squid Game fans learn Korean!

• 👨‍🔬👩‍🔬 In a recent discovery, scientist have found out that sunny days on Mars usually lead to gigantic dust storms. In 78% of cases, a Red Planet dust storm is preceded by an unusually high amount of solar heating. That could potentially challenge future missions significantly.

Did You Know?

🐟 A goldfish has a memory span of 3 seconds.

🍎🍏 Supermarket apples can be a year old, and not fresh.

🦋 Butterflies taste with their feet, not their mouth!

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