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- 📈 OpenAI's Next Frontier
📈 OpenAI's Next Frontier
Plus: Is Trudeau about to resign?
Good morning!
It’s going to be a busy week, from market optimism in 2025 and predictions for AI breakthroughs to rumors of Canadian PM Justin Trudeau stepping down.
Grab your Flat White and let's get into it! ☕️👇️
Markets
📈 S&P 500 Futures Gain Momentum
S&P 500 futures kicked off Monday on a high note, building on Friday’s rally that ended a five-session losing streak. The index edged up 0.2% in pre-market action after closing last week 1.3% higher. With January in full swing, the market’s momentum suggests it could be a lively week and month ahead.
📆 My Top 5 Stock Market Predictions for 2025
The stock market's momentum shows no signs of slowing in 2025. After a wild run in 2023 and 2024, the S&P 500, Nasdaq, and Dow Jones wrapped up last year with double-digit gains, fueled by record highs and optimism around AI advancements. With interest rate cuts boosting confidence, investors are eager for what’s next. Here are five predictions for 2025.
🇨🇦 Canada PM Trudeau is likely to announce resignation
Canadian Prime Minister Justin Trudeau may be gearing up to step down, though no final decision has been made, a source close to him revealed Sunday. This follows a Globe and Mail report suggesting Trudeau could announce his resignation as Liberal Party leader as early as Monday, ending a nine-year tenure.
🧠 OpenAI is turning its attention to ‘superintelligence’
OpenAI CEO Sam Altman shared a bold vision for the future of AI, stating in a blog post that the company believes it knows how to create artificial general intelligence (AGI) and is now focusing on “superintelligence.” Altman described these tools as catalysts for scientific breakthroughs and economic prosperity, predicting superintelligence could arrive within “a few thousand days” and be “more intense than people think.”
🔎 Stocks To Watch in January
Wall Street remains upbeat about stocks in 2025, but questions linger over interest rates and the economic impact of Trump’s policy agenda. Amid the uncertainty, some stocks stand out as must-watch picks this January. Here’s a closer look at a few top contenders.
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Quick News
Oil prices dipped amid a strong U.S. dollar ahead of key economic data by the US Federal Reserve and US payrolls later in the week.
Crypto-friendly Congress steps into power.
Apple agreed this week to pay $95 million to settle a class action claiming its voice-activated Siri assistant violated users' privacy by recording conversations.
Japan's Nippon Steel on Friday indicated that it will sue the U.S. government after President Biden blocked its purchase of U.S. Steel on national security grounds.
What Analysts Think of Nvidia Stock Ahead of CEO Jensen Huang's CES Keynote.
Bitcoin approaches $100,000 as Congress set to certify Trump win.
This bit of Sam Altman’s newest post is similar in tone to a post by the CEO of Anthropic & what many (not all) researchers from every lab have been saying publicly and privately.
You do not have to believe them, but I think they believe what they are saying, for what it worth.
— Ethan Mollick (@emollick)
4:10 AM • Jan 6, 2025
insane thing: we are currently losing money on openai pro subscriptions!
people use it much more than we expected.
— Sam Altman (@sama)
3:11 AM • Jan 6, 2025
👀