OpenAI's Bet On Enterprise Analytics

OpenAI acquired Rockset, a startup specializing in search and database analytics. It aims to enhance its enterprise products by integrating Rockset’s technology and team.

Rockset excels at real-time search and analytics, crucial for applications like chatbots and anomaly detection.

OpenAI will use Rockset to improve the infrastructure of ChatGPT. This will enable faster and more accurate data retrieval, enhancing AI models' performance and appeal to large enterprises.

Rockset was valued at several hundred million dollars but exact terms remain undisclosed.

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Affording a Home Just Got Harder

Buying a home now requires more than a 20% down payment. Zillow reports that home values are 45% higher than before the pandemic.

Mortgage payments have soared by 115%. Median-income earners must put down 35.4%, or about $127,750, to avoid being cost-burdened. In cities like Los Angeles and San Jose, down payments exceed 80% of the home's value.

Existing home sales fell for the third month in May. Despite this, the median sales price hit a record $419,300. Inventory rose 18.5% but remains below pre-pandemic levels.

First-time buyers now represent only 31% of purchases, slightly down from previous months.

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Air-Taxis are One Step Closer

Joby Aviation received approval from the FAA to use its in-house software for air-taxi operations. This software, known as ElevateOS, includes tools for pilots, a rider mobile app, and a matching system for pairing passengers with aircraft.

Joby bought Uber’s air-taxi division in 2021. Now, its software is set to make air-taxi services work like ride-sharing apps. The company aims to start commercial operations by 2025.

This approval is a part of Joby’s Part 135 Certification, achieved in 2022. Joby's eVTOL aircraft can carry a pilot and four passengers at speeds of up to 200 mph.

Moreover, Joby has deals with Uber and Delta Air Lines to allow passengers to book and pay for flights through their platforms.

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Crypto is Shaping the 2024 Election

Ryan Selkis, a crypto executive, highlighted the clout of 50 million crypto holders in the US.

The crypto industry is now funding super PACs with $150 million, aiming to elect pro-crypto candidates in Congress.

This election is pivotal for crypto. Post-scandal crackdowns by the Biden administration have pushed the industry to fight back.

Crypto PACs have already impacted races. They spent $10 million on ads that led to Democrat Katie Porter’s loss in California.

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