🗿 Robinhood Attacks Polymarket

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GM. Happy Tuesday. Happy Tuesday. It’s been a relatively quiet week in crypto, at least for Round 2 of the Trump era. But a quiet week in crypto still has drama. 

If you were too busy prepping for March Madness, or out all weekend for St. Patrick’s Day, we got you covered. We’re back with another edition of bar bites to help you sound more tapped in than all your coworkers.

Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.

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Bar Bites 

Solana Dropped, and then Deleted the Most Controversial Ad of the Year

Tl:dr

• Solana released an ad titled "America is Back—Time to Accelerate" on its X account to promote its upcoming conference in New York

• The video depicted a character named "America" in a therapy session, discussing innovation and cryptocurrency, while the therapist suggested focusing on gender-related issues, such as creating new genders or pronouns.

• The line that’s catching on is "I want to invent technologies, not genders,"

Our take

There’s just no way that they produce an ad like this and expect it to NOT be controversial. But crypto twitter isn’t known for being overly sensitive to social issues. 

Was it not executed as well as it could have been? Sure. Are people going to dump solana because of a slightly offensive ad for a conference? No. Was everyone on twitter talking about it today? Yes. So was it really a failure? 

Robinhood taps into event contracts to launch prediction markets hub

Full article

Tl;dr

• Robinhood launched a prediction markets hub in its app that allows customers to trade on event outcomes

• Robinhood is partnering with Kalshi to launch the event contract platform

• Robinhood’s stock is up over 8% since the announcement

Our take

Hot seat: polymarket. 

Robinhood has so much power in this space because it still has so many users, so this is a significant announcement.

Part of me is really happy to see the complete erosion of the seriousness of capital markets. Part of me is scared. But it will be fun. 

McDonald’s to employ AI at 43K locations to speed up service

Full article

Tl:dr

• McDonald's is deploying edge computing systems in partnership with Google Cloud, enabling real-time data processing and AI analysis directly in-store.

• Upgrades will start with internet-connected kitchen equipment, AI-enabled drive-throughs and AI-powered tools for managers to help make sure that orders are accurate and so restaurants can predict equipment issues before they shut down.

• They will be looking for a “generative AI virtual manager” that will perform administrative tasks including shift scheduling instead of a manager.

Our take

Robot takeover has been imminent for some time now. Good to see a world leader being so forward about cutting jobs for robots. I’m sure no one will be upset about this in the future when these changes start cutting more jobs.  

Nvidia, GM announce deal for AI, factories and next-gen vehicles

Full article

Tl;dr

• General Motors and Nvidia agreed to a strategic collaboration that includes the automaker utilizing several products and artificial intelligence services.

• The new business expands to in-vehicle hardware, automotive plant design and other operations, the companies said.

Our Take

This has been in the works for a while, but now it’s official. Why it’s potentially significant? Nvida is looking to get out of being just everyone’s friendly neighborhood chip supplier and into a role as a true tech superpower. We can’t imagine that this will be their only hardware partnership they line up. 

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