RiskReversal Recap: March 5, 2024

What is Perplexity?; Race to AI; Bitcoin; MSFT & A Broad Rally

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RiskReversal Media
March 05, 2024

Today’s MRKT Call is Presented by CME Group

The Most IMPORTANT Trendline in Tech

Dan Nathan and Guy Adami break down the top market headlines and bring you stock market trade ideas for Tuesday, March 5th

Click here to access all of the charts mentioned in today’s MRKT Call.

Apple Inc. Chart

Topic Timecodes:
Intro (0:00); MSFT & A Broad Rally? (5:30); SMH (17:00); Apple (20:55); Tesla (26:50); Banks & Rates (29:15); Bitcoin (33:30)

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Today’s Okay, Computer. is Presented by RBC and Current

Perplexity Making Google a Paranoid Android with CEO Aravind Srinivas and Ann Bordetsky of NEA

Dan sits down with Aravind Srinivas, Perplexity CEO and Ann Bordetsky, Partner at NEA for the latest installment of our Funders x Founders series. They hit Aravind’s background, reinventing search, what Perplexity is and how it works, taking share from Google, revenue sources they are focused on and a vibe check on Silicon Valley.

Timecodes:
Foundations (0:00); What Is Perplexity? (15:30); Incumbents Beware (26:15); Valley Vibe Check (38:30)

Are Google & Apple Too Far Behind In AI Race?

Then Dan Nathan and Deirdre Bosa discuss Perplexity vs. other chatbots, Elon Musk suing Open AI & Sam Altman, Apple & Google sitting out the AI rally, and enterprise chatbots taking jobs.

Topic Timecodes:
Disrupting Search (0:00); Elon Suing OpenAI (7:20); The AI Laggards (9:55); AI vs Employees (24:50)

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WHAT WE’RE READING

  • Tech Giants Drag Down US Stocks After Torrid Rally (Bloomberg)

  • Google vs. Google: The Internal Struggle Holding Back its AI (CNBC’s TechCheck)

  • Elon Musk Suing Open AI & Sam Altman Over Contract Breach (CNBC)

  • Klarna froze hiring because of AI. Now it says its chatbot does the work of 700 full-time staff (Fortune)

  • JPMorgan’s AI-Aided Cashflow Model Can Cut Manual Work by 90% (Bloomberg)

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