Saturday☕️

May 13, 2023 • 4 min read

Trending:

Markets/Economies:

META AI Sandbox:

Meta introduced several AI-driven tools and services on Thursday, intended to aid advertisers in the creation of more effective ads and enhancement of campaign outcomes.
The announcement was made at an event in New York, where the company presented the AI Sandbox, a platform described as a "testing playground" for advertisers to experiment with innovative AI-based ad tools.
In the company's most recent earnings call, CFO Susan Li announced that Meta's capital expenditure for the year is projected to be between $30 and $33 billion, a forecast that "reflects our ongoing build-out of AI capacity to support ads, Feed, and Reels, as well as an increased investment in capacity for our generative AI initiatives."

CBDC's

Florida Governor, Ron DeSantis, has officially banned Central Bank Digital Currencies (CBDCs) in the state to safeguard residents from the possible issuance of a Federal Reserve digital currency.
This legislation is intended to prevent the use of any federally adopted CBDC within Florida. The new laws aim to protect the state's citizens from the perceived weaponization of the financial sector through a CBDC.

Florida Bans a Central Bank Digital Currency https://t.co/S8UfWrLZyc
— Ron DeSantis (@GovRonDeSantis) May 12, 2023

@GovRonDeSantis

Business:

Elon Musk announced Linda Yaccarino as the new CEO of Twitter. He mentioned in his statement that Yaccarino will primarily handle business operations. Meanwhile, Musk plans to focus on product design and new technology.
Binance, the world's largest cryptocurrency exchange by trading volume, has decided to withdraw its operations from Canada.
Peloton has announced a recall of 2.2 million bikes due to a potential risk with the seat that could cause injuries. If you purchased a Peloton bike in the US from January 2018 to May 2023, you're advised to stop using it and reach out to Peloton for a no-cost repair.

Statistic: