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The Capitalist Newsletter – May 31, 2017

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LEAK REVEALS APPLE WORKING ON “NEURAL ENGINE”; FUTURE IPHONES MAY BE POWERED BY AI

Okay, so Apple already has artificial intelligence on its devices, right? Yes — to a point. But a leak revealed that the iPhone maker is working on a new project; A.I. But unlike major projects working on creating true artificial intelligence, Apple is doing things a little differently. How will this newest AI be different than Siri? What will your future iPhones be capable of?

Read The Capitalist’s Take Here

Read More at Bloomberg Here

Read More at The Street Here


UBER FIRES FORMER GOOGLE ENGINEER AT HEART OF SELF-DRIVING DISPUTE

Uber has fired Anthony Levandowski, a vice president of technology and the star engineer leading the company’s self-driving automobile efforts, according to an internal email sent to employees on Tuesday. Mr. Levandowski’s termination, effective immediately, comes as a result of his involvement in a legal battle between Uber and Waymo, the self-driving technology unit spun out of Google last year.

Read More at NY Times Here

Read More at Washington Post Here

Read More at Wall Street Journal Here



MICHAEL FLYNN’S FIRM WAS PAID $530K TO MAKE PRO-TURKEY DOCUMENTARY LAST FALL

Last fall, as retired Lt. Gen. Mike Flynn traveled the country stumping for Donald Trump, his business partner holed up in a small Washington hotel room with the former head of Turkish military intelligence to work on a special project.

“General, hi. I’m Bijan Kian, welcome to Washington, D.C.,” Mr. Kian, the head of Mr. Flynn’s consulting firm, greeted the Turkish dignitary. “Gen. Flynn, my partner, sends his regards to you.”

The hotel room meeting was filmed as part of a documentary the Flynn Intel Group was producing for a Turkish businessman, who paid $530,000 to the lobbying shop to polish the country’s image after a botched military coup. That contract has landed Mr. Flynn in legal jeopardy.

Read More at Fox News Here

Read More at Wall Street Journal Here


Closing Bell

– Tuesday, May 30th

Markets See Tick DOWN Dragged by Financials and Energy

Big Insider Trades

– Apple, Inc. (AAPL) Senior VP Johny Srouji Sells $1.5m

– AMERCO (UHAL) Executive Board Combines to Buy $3m

Winners & Losers

– Protagonist Therapeutics, Inc. (PTGX) Shoots UP (43.80%) After Entering into Worldwide Agreement with Janssen to Co-Develop IBS Drug

– DragonWave, Inc. (DRWI) Falls DOWN (23.58%) After Quarterly Earnings Miss

The TIP Sheets

– Tuesday, May 30th

– TiVo Corp. (TIVO) Jumps UP (14.02%) After Receiving Favorable Ruling in Patent Case Against Comcast. Expect Shares to Continue UP

Unusual Volume

Ensco Plc. (ESV) Tumbles DOWN (5.07%) on 64m Shares Traded After Company Announces it Will Acquire Atwood Oceanics in an All-Stock Transaction. Expect Shares to Bounce Back UP

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