* Originally in: Dovenet TechTalk
Nvidia recorded the largest-ever single-day jump in market value a day
after it announced its quarterly earnings

From TLDR 2024-02-23

NVIDIA ADDED $272 BILLION IN MARKET VALUE THURSDAY, THE LARGEST
ONE-DAY GAIN EVER (3 MINUTE READ) [5]

Nvidia recorded the largest-ever single-day jump in market value a
day after it announced its quarterly earnings and a sales outlook that
exceeded analysts' expectations. The company's value rose 16.4%,
adding $272 billion to its market cap. Its market cap now stands at
$1.94 trillion. The previous record was set by Meta just two weeks ago
- Meta added $205 billion to its market cap after it beat earnings
forecasts and announced its first dividend.

THE NEW CITY IN CALIFORNIA (2 MINUTE READ) [15]

Solano County, California, may be the site of the first new walkable
city in the US in the last 100 years.

REDDIT FILES TO LIST IPO ON NYSE UNDER THE TICKER RDDT (4 MINUTE READ) [6]

Reddit has filed an IPO with the SEC after a yearslong run-up. The
social media site plans to trade on the New York Stock Exchange under
the ticker symbol RDDT. This will be the first major tech IPO of the
year and the first social media IPO since Pinterest went public in
2019. Reddit had $804 million in annual sales in 2023, up 20% from the
previous year. Its core business is reliant on online advertising
sales from its website and mobile app. Reddit moderators will be
allowed to participate in the IPO through the company's directed share
program.

OPENAI'S SAM ALTMAN REVEALED AS ONE OF REDDIT'S BIGGEST SHAREHOLDERS
(3 MINUTE READ) [18]

Sam Altman controls an 8.7% stake in Reddit - 4.5% of its Class A
shares and 9.3% of its Class B shares.

TEST FLIGHTS ON TAP FOR SPACE PERSPECTIVE'S LUXURY HIGH-ALTITUDE
BALLOON (5 MINUTE READ) [8]

Space Perspective could begin test flights of its luxury
high-altitude balloon within the next couple of months. The company
plans to fly its pressurized capsule unmanned over the Atlantic Ocean
off the coast of Cape Canaveral using a giant high-altitude balloon.
Space Perspective plans to start building its second capsule for human
test flights during the test program. The company's aim is to
eventually offer regular commercial flights carrying paying customers
to 100,000 feet, above 99% of the Earth's atmosphere, where the sky
will be black.

THE MOBILE S-CURVE ENDS, AND THE AI S-CURVE BEGINS (12 MINUTE READ) [12]

S-curve products are fueled by novelty. This is why there is a rush
of new users without much marketing effort whenever there are major
tech releases. There is both high growth and high churn in the early
stages of an S-curve. The skills needed to succeed in a late S-curve
market are very different. Investors will be looking for products that
are radically different. A good design can help differentiate late
S-curve products.

BLUESKY OPENS UP FEDERATION, LETTING ANYONE RUN THEIR OWN SERVER (4
MINUTE READ) [13]

Bluesky, a federated social network that began as a project funded by
Twitter under Jack Dorsey, is now allowing anyone to run their own
server. Its decentralized model uses a different protocol than the one
that Mastodon uses. Federation allows users to host their own data and
accounts and make their own rules. There is a growing interest in
federated social networks as consumers want to have more control over
their personal data.

STABILITY ANNOUNCES STABLE DIFFUSION 3, A NEXT-GEN AI IMAGE GENERATOR
(4 MINUTE READ) [14]

A gallery of images generated by Stable Diffusion 3 is available in
the article - the model appears to handle text generation very well.


Links:
------
[5] https://www.investopedia.com/nvidia-added-usd272-billion-in-market-value-thursday-the-largest-one-day-gain-ever-8598861?utm_source=tldrnewsletter

[6] https://www.cnbc.com/2024/02/22/reddit-files-to-list-ipo-on-nyse-under-the-ticker-rddt.html?utm_source=tldrnewsletter

[8] https://arstechnica.com/space/2024/02/test-flights-on-tap-for-space-perspectives-luxury-high-altitude-balloon/?utm_source=tldrnewsletter

[12] https://twitter.com/andrewchen/status/1760698184966504475?utm_source=tldrnewsletter

[13] https://techcrunch.com/2024/02/22/bluesky-opens-up-federation-letting-anyone-run-their-own-server/?utm_source=tldrnewsletter

[14] https://arstechnica.com/information-technology/2024/02/stability-announces-stable-diffusion-3-a-next-gen-ai-image-generator/?utm_source=tldrnewsletter

[15] https://devon.postach.io/post/the-new-city-in-california?utm_source=tldrnewsletter

[18] https://www.hollywoodreporter.com/business/business-news/reddit-files-ipo-sam-altman-newhouse-family-investors-1235833080/?utm_source=tldrnewsletter

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