SMARTER IN 10

Oracle Forecast Catching NVDA

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1. Oracle Forecast Catching NVDA

chartr

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2. Largest Top 10 U.S. Stocks vs. World-Prof G Markets

Prof G Markets

3. Stock Market Record Share of American Net-Worth

SherwoodNews

4. Who Owns Bitcoin?

Crypto Advisor Blog Here’s the breakdown of who owns what:

  • ETFs - 1.472M BTC

  • Public Companies - 1M BTC

  • Governments - 526K BTC

  • Private Companies - 300K BTC

  • The Rest - 400K BTC

StockCharts

5. 30-Year Mortgage Rate Gets to 6.5% …Lowest in One-Year

Business Insider

6. Open AI Projects $20B in Annualized Revenue

OpenAI Raises $8.3 billion, Projects $20 Billion in Annualized Revenue By Year-End  By Sri Muppidi

OpenAI has secured $8.3 billion of new commitments from investors such as hedge funds Dragoneer, Altimeter Capital and D1 Capital Partners, exceeding its earlier goal of $7.5 billion, according to a person with knowledge of the fundraise, confirming earlier reporting from The Information about the round.

The fundraise comes as ChatGPT continues to anchor OpenAI’s business, which is generating $12 billion in annualized revenue, roughly doubling from the start of the year. OpenAI expects to hit $20 billion in annualized revenue by the end of the year, meaning it would be generating about $1.7 billion in revenue per month, according to the same person, up from practically no revenue three years earlier. The company has over 700 million ChatGPT users across both consumer and business customers.

The new capital is part of an unprecedented $40 billion funding round that values the ChatGPT maker at $260 billion before the investment. OpenAI received $10 billion of that amount in June, and the new commitments means that the $40 billion round will increase by about $1 billion. SoftBank, which is leading the fundraise, has committed to funding $22.5 billion of the round, provided that OpenAI successfully reorganizes its corporate structure this year or early next year.

Dragoneer committed $2.8 billion to OpenAI, and other investors in the round include existing shareholders Sequoia Capital, Andreessen Horowitz, Founders Fund, Fidelity Management, Tiger Global Management and Thrive Capital. New OpenAI investors in the round include TPG, T. Rowe Price and Blackstone.

7. Countries with Highest Wealth Per Person

Visual Capitalist

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8. U.S. Most Important Ally vs. Threat

People in Many Countries Consider the U.S. an Important Ally; Others See It as a Top Threat

The Big Picture

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9. 90% of Americans Largest Asset is Social Security

Americans’ Most Valuable Asset Isn’t Stocks or a Home. It’s Social Security.

For the vast majority of people, the stream of promised retirement checks is worth more than anything else, our columnist says.  By Jeff Sommer

Jeff Sommer writes Strategies, a weekly column on markets, finance and the economy.  Social Security is the most valuable thing most Americans have.

I don’t mean this in an abstract sense. In purely financial terms, the Social Security check that you are getting now or have a right to receive when you are older is your most valuable financial asset.

That statement is true for nearly everyone except those in the top 10 percent of the wealth distribution in the United States. And for people right in the middle, Social Security amounts to roughly one-third of their total wealth, on average, according to an eye-opening study by the nonpartisan Congressional Budget Office.

For poorer people, Social Security isn’t just the most valuable asset they’ve got. It can be absolutely crucial — the difference in old age between destitution and a bare modicum of survival. And it helps people with disabilities and children as well as older Americans. Social Security lifts more people out of poverty than any government program, according to a separate study by an independent research institute the Center on Budget and Policy Priorities.

Anything this important ought to receive far more attention and respect than it has been getting. Instead, Social Security is a neglected responsibility of the political classes — a precious 90-year-old legacy that has been allowed to fall into disrepair.

Consider this: If Social Security is your most valuable asset — and it is, for nine out of 10 households, according to the budget office — protecting Social Security ranks among the most important things that will help you financially.

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10. Chronic Absenteeism in Schools Post-Covid World

Google AI Search

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