Good evening!
Now might be a good time to invest in Alibaba if you aren’t already.
Here are the 7 things you missed today:
1. ⚡ Ryan Breslow Returns as CEO of Bolt
Here’s some tea for your evening. Former CEO of fintech company Bolt, Ryan Breslow, is resuming his position after stepping down in 2022. It seems like a controversial decision as the CEO was accused of misleading investors and violating security laws by inflating metrics while fundraising the last time he was in charge. However, the company made a statement saying it was with the “unanimous approval” of the board. (TechCrunch)
2. ⌚ One Hour Now Equals a 24/7 Lead Engine
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3. 🤖 Alibaba’s Stock Surged After Launching DeepSeek Rival
Tech giant Alibaba launched its newest AI model, QwQ-32B, making its selling point that its capabilities far outmeasure rivals like OpenAI and DeepSeek’s models. Unlike its competitors, Alibaba stated that QwQ-32B is easier to train, has better reasoning, and is a better-performing model overall. Following this announcement, Alibaba’s stock rose by nearly 8%. (CNN)
4. 🗞️ Need a newsletter for your business, but short on time?
Newsletters are the new podcasts–they’ve blown up, and everyone is getting in on the action. You don’t want to fall behind your competition, but carving out time to create and launch your own newsletter is tough.
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5. 😮 OpenAI May Charge Top Dollar for Specialized AI Agents
Would you pay $20,000 a month for a specialized ChatGPT model? That’s allegedly the going rate for OpenAI. The non-profit has plans to create models designed for specific tasks, like software development. The $20,000-per-month tier would be aimed at supporting “Ph.D.-level research.” There’s no word on when these agents would launch, but investor SoftBank has committed to spending $3 billion on OpenAI’s agent products this year alone. (TechCrunch)
6. 🤞 CoreWeave is Hoping for a $4Bn IPO
IPO specialists estimate that cloud-computing startup CoreWeave hopes to raise at least $3.5 billion at a $32 billion valuation, based on the S-1 document that the company recently filed. While it’s unclear how many shares they plan to sell and at what price, something notable from the filing was that the three co-founders have already sold off much of their Class A holdings, a collective $488 million worth of shares. (TechCrunch)
7. 😬 Target Has a Long Boycott Ahead of Them
Starting yesterday, Target shoppers committed to a 40-day boycott, both online and in-store. The boycott comes at a bad time for Target, as the franchise faces rising prices. Target said Tuesday its sales declined in February, and it expects sales to only grow around 1% this year. (CNN)
Bonus. CEO Tip Of The Day
It’s easy to get overwhelmed by shifting goals, a flood of constant new ideas, and everyday chaos. If you could use a breather, check out this piece that lays out four pillars—Context, Possibility, Intent, and Action—that can help create ongoing rituals that keep everyone on track.
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