Morning Brew Daily The Return of Meme Stock Mania? & New ChatGPT Talks to You
7 snips
May 14, 2024 A blast from the past, the meme stock craze is back as GameStop shares surge again, reignited by ‘Roaring Kitty’. OpenAI introduces a new ChatGPT that can hold conversations, changing the AI landscape. Melinda Gates is branching out on her own philanthropic adventure. Hot sauce lovers are anxiously awaiting the resolution of the Sriracha shortage. Meanwhile, dental veneers are raising eyebrows with warnings from dentists. Lastly, McDonald's surprisingly thrived post-'Super Size Me', showcasing their savvy marketing.
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No Short Squeeze
- The GameStop surge isn't a major short squeeze like 2021.
- Current short interest is 24%, much lower than the 140% during the previous spike.
Roaring Kitty's Return
- Keith Gill's tweet of a "getting serious" meme sent GameStop shares soaring.
- This demonstrates his influence, despite the company's unchanged financial struggles.
GPT-40's Impact
- OpenAI's new voice model, GPT-40, offers human-like conversation and real-time translation.
- It surpasses existing voice assistants, potentially impacting companies like Apple and Google.
