Fri. 01/12 – Perplexity, The AI Challenger To Google Search

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, Technology, News

4.7 • 1K Ratings

🗓️ 12 January 2024

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

How did bitcoin do on its first day of ETF trading? Where are all these tech layoffs coming from? The weird case of eBay executives allegedly harassing people. A look at the AI company taking direct aim at Google Search. And, of course, the Weekend Longreads Suggestions. Sponsors: Miro.com/podcast Links: US bitcoin ETFs see $4.6 billion in volume in first day of trading (Reuters) Discord is laying off 17 percent of employees (The Verge) U.S. Criminally Charges EBay in Cyberstalking Case (NYTimes) This One-Year-Old Startup Is Hoping to be the Next Google—Can It Succeed? (The Information) Weekend Longreads Suggestions: How AI Replaced the Metaverse as Zuckerberg’s Top Priority (Bloomberg Businessweek) Avi Schiffmann’s Tab AI necklace has raised $1.9 million to replace God (Fast Company) How much detail is too much? Midjourney v6 attempts to find out (ArsTechnica) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Mem Bride home for Friday, January 12th, 2024. I'm Brian McCullough today.
0:09.0	How did Bitcoin do on its first day of E.T. F. trading?
0:12.0	Where are all of these tech layoffs coming from?
0:15.0	The weird case of eBay executives allegedly harassing people, a look at the AI company taking
0:19.8	direct aim at Google Search, and of course, the weekend Long Reed's suggestions.
0:24.3	Here's what you miss today in the world of tech. How did Bitcoin do in its first day of ETF trading? Well, the price of
0:36.5	Bitcoin is down a tiny bit at the time of this writing, but according to
0:40.3	analysts, the new ETFs saw 4.6 billion dollars worth of shares traded yesterday,
0:45.0	their first day of trading.
0:46.7	Greyscale, Black Rock, and Fidelity apparently dominated trading volumes, quoting Reuters.
0:52.1	fees on the new Bitcoin EDFs range from 0.2% to 1.5% with many firms also offering to waive fees entirely for a certain period or a certain dollar volume of assets.
1:02.0	After its E.T.
1:03.2	started trading, Valgris cut its fees a second time to 0.25% and waived them for the first three
1:08.7	months.
1:09.7	As the E.T.F. began trading on Thursday, market participants were closely watching bid-ask spreads.
1:15.4	The difference between the price for a trader to buy into an ETS and the price it can be sold.
1:20.7	ETS with narrower spreads are typically viewed as more desirable.
1:24.8	Trading volume, internal plumbing, and the number of participants involved, quote, are critically
1:28.6	important to driving the spreads to a good spot, said Jason Stonberg, director of product strategy at InvestCO, whose
1:34.8	EDF with Galaxy Digital debuted on Thursday.
1:38.0	Some analysts cautioned that the euphoria around the approval might be premature.
1:41.4	The broader investment community still views
	...

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