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Good Morning! Google unveiled its newest A.I. supercomputer and the company says it’s faster and more efficient than its arch-rival Nvidia’s. The potential reward for owning stocks over bonds is decreasing, and the equity risk premium hasn’t been this low since 2007.

According to the WSJ, some companies are actively recruiting seniors aged 65 and above because they think they have superior work ethics. And Sweetgreen’s in hot water after launching a burrito bowl - Chipotle sued and had them change the item’s name.

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1. Story of the Day: AI Flix

Video editing might be the next big thing in the AI craze. Companies are racing to build technology that will generate professional-quality videos with just a few taps on your keyboard. And both venture capital firms and Big Tech alike are pouring millions of dollars into the field.

AI-powered videos will analyze millions of different photos and prompt to create a perfect video almost instantaneously. This innovation is not just limited to a few small startups, it's a race that includes tech giants like Microsoft and Google.

Some believe these new AI-powered videos could be as important a breakthrough, if not more, than ChatGPT.

Advertisers would be able to monetize this technology to create engaging and creative content with ease. With the press of a button, you could have a video that's ready to go, complete with music and dialogue.

Takeaway: While AI-powered video generating is an impressive feat, it’s something to be skeptical about. Is AI taking the world by storm too quickly? Even the Pope’s jacket deep fake set the Internet ablaze - fake videos could take memeing and misinformation to a whole different level.

2. Markets Rundown

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Stocks closed higher as investors eye upcoming payroll data.

Movers & Shakers

• (+) AMC Entertainment ($AMC) +21% after a court blocked its share conversion deal.

• (–) C3.ai ($AI) +8% after responding to a short seller’s report.

• (–) Levi Strauss ($LEVI) -16% after the clothing maker issued cautious guidance over inflation concerns.

Private Dealmaking

• TerraPay, a payments infrastructure company, raised $100 million

• Honeycomb, a data observability platform, raised $50 million 

• Staytuned Digital, an e-commerce tools provider, raised $34 million 

• Mojo Vision, a micro-LED display tech developer, raised $22.4 million

• Hectare, an agriculture supply chain SaaS, raised $20 million

• Bonusly, an employee recognition and rewards platform, raised $18.9 million

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3. Top Reads

• US corporate bankruptcy filings spiked in March (Fox)

• Elon Musk wants to pause “dangerous” AI development - but Bill Gates disagrees (CNBC)

• BlackRock can’t wait forever to sell failed banks’ assets (BB)

• Deloitte formalizes its space consulting business (CNBC)

• Dividend funds see biggest quarterly outflow in 2.5 years (Reuters)

• Layoffs are up nearly fivefold this year with tech companies leading way (CNBC)

• Dollar bull market to end as Fed tempers rate hikes (Fox)

• New York regulator could set world standard for crypto (Axios)

• Jobless claims aren’t as low as they seemed (Axios)

• After a boom, the auto bust has begun (WSJ)

4. Shortform Book of the Day: How We Change

How is it that we are able to so radically and rapidly change our daily behavior in order to follow the social distancing and stay-at-home policies during the pandemic, and yet--pandemic or not--we typically find it difficult, if not impossible, to reach smaller personal goals like dieting, getting organized or changing destructive habits?

The pandemic is life-threatening, so it ignites our survival instincts, activating that part of our brains charged with speedily and efficiently getting us to safety.

But cholesterol, alcohol, and physical passivity are all life-threatening, and many of us humans have done a lousy job changing in regard to these issues, even when we have reliable information that they are killing us. Why do we struggle to change what would so obviously help ourselves individually?

Ross Ellenhorn’s book, How we Change (and the Ten Reasons Why We Don’t) gives a fascinating answer. A clinician and thought leader in the mental health and addiction fields, he suggests that we’re often looking in the wrong direction when we try to decipher the factors that support human change.

He suggests that it’s much more fruitful to look at why we don’t change, than figure out why we do. By looking at the reasons we don’t change, we give ourselves the best chance of actually changing in meaningful ways.

“The Coronavirus pandemic has revealed a very big secret we’ve been keeping from ourselves and each other: We can be remarkably agile in the face of change.”

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5. Short Squeez Picks

• NYC hotspots can sizzle, but reliable mainstays are just as nice

• What is a friendship recession?

• How do the top CEOs get so much done?

• Visual: the banks with the most uninsured deposits

• 10 books to read if you want growth

6. Daily Visual: Mortgage Spread Over Treasuries

In percentage points

_{Source: Axios}

7. Daily Acumen

Life's journey is like a winding river, flowing with unpredictable turns.

At times it's calm, serene, and full of grace, other times wild, untamed, and unyielding.

Yet, in every moment, there's an opportunity for growth and understanding.

Embrace the ebb and flow of life's currents, for they are your greatest teachers.

Resilience is not in resisting change, but in adapting and thriving.

Navigate the waters of life with an open heart, and you'll find your way.

8. Memes of the Day

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