The Finimize Daily Brief

ByteDance is planning a $23 billion investment in AI infrastructure – but it’ll take more than that to match Big Tech – US regulators approved Novo Nordisk’s once-a-day Wegovy pill, handing the Danish drugmaker an early edge over rival Eli Lilly.Today’s stories:ByteDance Is Making A $23 Billion Bid, Eager To Take A Chunk Out Of Big Tech’s AI LeadUS Regulators Approved Novo Nordisk’s Weight-Loss PillTry Finimize Pro 

Macro hedge funds – which bet on big moves in interest rates, currencies, and other markets – had their strongest year since the 2008 global financial crisis, while US asset manager Apollo Global Management has decided some assets are better unmanaged, so it’s selling them and stacking up cash.Today’s stories:Return Of The Mac-ro Hedge FundApollo Global Management Is Entering Buy-Stander ModeTry Finimize Pro

“Vibe coding” startup Lovable put investors under its spell, landing $330 million at a $6.6 billion valuation, while Japan took it back to the nineties, pushing interest rates to their highest in 30 years.Today’s stories:“Vibe Coding” Startup Lovable Lived Up To Its Name, Giving Investors Fuzzy FeelingsThe Nineties Called And Japan Answered, Pushing Interest Rates Back UpTry Finimize Pro

US inflation data looked better than expected – but there’s a big, October-shaped hole in the numbers – and forget Silicon Valley: India proved itself as the real AI hotspot.Today’s stories: US Inflation Data Inspired Some R&R: Resting And… Reading The FootnoteIndia Did It Beta, Becoming The World’s Most Active AI MarketTry Finimize Pro

Amazon might hand OpenAI $10 billion – but the ChatGPT creator would need to hand some of it straight back – Alphabet’s self-driving ride-hailing venture, Waymo, could double its valuation to over $100 billion.Today’s stories:Amazon Could Hand OpenAI $10 Billion, In Exchange For… Some Of It BackWaymo Could Come In Clutch With A $100 Billion ValuationTry Finimize Pro