In today’s briefing:
- Ohayo Japan | Woodstock for AI Kicks Off
- Generative AI. Innovation Turns To Litigation, Licensing & Regulation
- Furniture/Furnishings Weekly – Contract Furniture and Office Seating in the Spotlight
- The Highlights – Cannabis News for the Week Ending March 15, 2024
- Weekly Sustainable Investing Surveyor – Week Ended March 15, 2024
Ohayo Japan | Woodstock for AI Kicks Off
- Stocks rose on Monday as investors turned their attention to Nvidia’s GTC Conference and awaited Federal Reserve’s monetary policy guidance
- The Bank of Japan is set to announce significant changes in its monetary policy, including the end of yield curve control, risk asset purchases, and negative interest rates
- Nvidia’s CEO Jensen Huang unveiled the Blackwell platform at the GTC 2024 conference, boasting its real-time generative AI capabilities and efficiency surpassing its predecessor, Hopper
Generative AI. Innovation Turns To Litigation, Licensing & Regulation
- The EU has just launched the World’s first AI Act
- OpenAI claims the NYT tried to hack ChatGPT in order to prove they used their archive material during one of its training phases.
- Google’s licensing of Reddit’s content in advance of the latter’s impending IPO is a win-win for both, and likely how content creators can expect to be rewarded in the future
Furniture/Furnishings Weekly – Contract Furniture and Office Seating in the Spotlight
- Office furniture will be in our spotlight for the next two weeks.
- Steelcase reports 4QFY24 on Thursday, March 21 after the close and MillerKnoll reports its 3QFY24 on Wednesday, March 27 after the close.
- Earlier this month, a Bloomberg News Service article highlighted competition in task seating, which is among the most profitable and important categories for industry players.
The Highlights – Cannabis News for the Week Ending March 15, 2024
- The US cannabis MSOS ETF broke a two-week slide and gained 9.51% over the last five sessions.
- The week was shaping up to be negative, until optimism around federal reform caused MSOS to jump 14.91% on Friday.
- This was the biggest one-day return since September 5 and 14.58 million shares traded is the most since September 15.
Weekly Sustainable Investing Surveyor – Week Ended March 15, 2024
- The WTR Sustainable Index was down by 1.9% W/W versus the S&P 500 Index (down 0.1%), the Russell 2000 Index (down 2.1%), and the Nasdaq Index (down 1.2%).
- Energy Technology (12.5% of the index) was down by 6.2%, while Industrial Climate and Ag Technology (55.5% of the index) was down by 1.2%, ClimateTech Mining was down 3.7% and Advanced Transportation Solutions (26% of index) was down 1.8%.
- Top 10 Performers: LICY, ADES, ARVL, SMR, EH, EGT, RIDE, FF, CVW, LIS
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