OpenAI’s new “agent” is here, and boy is it ever producing relatable content at glacial speed! During a demo, ChatGPT Agent was asked for help planning a trip to attend a wedding in Hawaii. It took 18 minutes before suggesting a $4,600 five-night hotel stay in Maui, some dress shoes, and a very expensive tuxedo. And it took it way, way longer to order a bunch of cupcakes. Meanwhile, the White House is about to release a 20-page AI action plan to help speed AI innovation and growth — as long as the AI isn’t “woke.”

The S&P 500 and Nasdaq 100 ended fractionally lower while the Russell 2000 fell 0.6% in a ho-hum end to the week. Volatility seems to have gone on vacation for the summer. The S&P 500 has traded in a weekly range of less than 2% in each of the past three weeks, the first time it’s done that this year.

🧠 Test your trivia knowledge with our Snacks Seven Quiz. Here’s a sample question:

After the Bay Area and Silicon Valley, which metro region had the most AI job postings per capita?

Check your answer. 

It was the heavyweight battle of the decade, with the colossus of crude Chevron Corp (coming in at a $261 billion market cap) going toe-to-toe in the arbitration ring with king of the carbon, the head honcho of Houston, its eternal archrival Exxon Mobil (weighing in at a $481 billion market cap) in an earth-shattering fight between oil majors the likes of which has not been fought in decades. 

The prize? A sprawling ocean of oil buried off the coast of Guyana, the rights to which had belonged to Hess before being acquired by Chevron, to the dismay of its enemies at Exxon. 

And in a stunning upset, Chevron defeated Exxon last week. 

Chevron and Exxon are indeed rivals and often compete, but it’s rare for a dispute like this to make it all the way to arbitration. The tight-knit oil business is one of the more powerful lobbies in Washington and, when it does end up in the legal system, tends to close rank, making this public spat fascinating to watch.

Chevron shares were down roughly 1% Friday, while Exxon was down over 3%.

With the decision, Chevron has secured a foothold in the booming Guyana Basin, while Exxon will retain its 45% stake and leadership of the project. The deal’s closure paves the way for more integration and will include job cuts. Chevron has already been trimming staff, but Wirth said he expects “some” additional headcount cuts tied to the acquisition.

The hidden fuel behind AI? Your phone.

Billions of data points — from your clicks, swipes, scrolls, and searches — are feeding the next wave of AI innovation.

Big Tech is harvesting it.¹ Mode Mobile is giving it back to you.

They are contributing to a user-powered data economy that shares the upside, and +50M users have already generated +$325M in earnings.

This isn’t theory… Mode’s 32,481% revenue growth from 2019-2022 landed them the #1 spot on Deloitte’s 2023 list of fastest growing companies in software,² and they’ve secured the Nasdaq ticker $MODE ahead of a potential IPO.³

AI breakthroughs are everywhere, but these models need your data to survive. Invest in the company that allows you to earn money from your own data. 

⌛Last chance to invest at $0.30/share.⁴

The last two times Mode Mobile opened its raise, it sold out.

Not because of hype and headlines… but because of traction.

Mode’s EarnPhone now serves over 50M users in +170 countries, and they’re stocked in Walmart, Best Buy and Target.

🚨This is your last opportunity to invest in Mode at $0.30/share.⁴

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Advertiser's disclosures:

¹ For further details see this article.

² The rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period. See Deloitte 2023 Technology Fast 500™rankings for further details under historical rankings. 

³ Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. Any IPO timing is unknown and general steps to be accepted for an IPO have not been undertaken at this point. An intent to IPO is no guarantee that an actual IPO will occur. 

⁴ A minimum investment of $990.90 is required. Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.

Past performance is no guarantee of future results. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.

DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck. 

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