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But I think the real reason is that DWAC probably couldn’t have done this deal without lying. It’s not just that DWAC lied in its prospectus by saying it hadn’t had discussions with TMTG when it had. If it had told the truth — if it had said “we’re a SPAC that’s raising money to take Trump Media & Technology Group public” — it wouldn’t have been allowed to do its offering in the first place. A SPAC is supposed to be a blank-check company without any particular private company to take public. If you are raising money to take one particular company public, that’s not a SPAC. That’s just a regular initial public offering. You don’t just file for a blank check; you file for an initial public offering, with all of the regular disclosure about the company’s business and finances.
The APEs Can Be Saved
bloomberg.com
We also found it fascinating that Apple is the only semiconductor designer to introduce a chip this year without mentioning AI once in the product launch. To be precise, they do mention AI, but only in the context of that is one task that users might want to do with the high-end M3 Pro. But they provided no mention of any of the chip’s technical specifications – no FLOPS, TOPS, cores, speeds or specs. We think this reflects Apple’s return to its core messaging themes around user human usability. There is currently no way to talk about AI in a way that is meaningful to people not neck-deep in semiconductors.
Apple M3 and the State of CPUs
digitstodollars.com
Yunnan resists any underlying unity in its cuisine.
2022 Letter | Dan Wang
danwang.co
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