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   Google announces new models, glasses, agents, but investors are not impressed
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                      Presented by
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                      Hey Snackers,
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                     <p style="margin:0;margin-bottom:16px">
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Standard Chartered
                       </strong>
                      </a>
                      announced a major “
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        it’s not you, it’s me
                       </strong>
                      </a>
                      ” corporate makeover yesterday with a 15% cut of its administrative roles (roughly 8,000 jobs) by 2030 in favor of automated systems, a move that CEO Bill Winters says is “not cost-cutting, but it is replacing, in some cases, lower-value human capital with the financial capital and the investment capital that we are putting in.” So congratulations to Standard Chartered employees who survive this culling; obviously, your CEO thinks you’re at least
                      <em>
                       medium-value
                      </em>
                      human capital.
                     </p>
                     <p style="margin:0">
                      Stocks sank on Tuesday as traders shifted to
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        risk-off mode
                       </strong>
                      </a>
                      , with inflation fears increasing uncertainty about the Fed’s next move. Yields on 30-year Treasurys hit
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        the highest level since 2007
                       </strong>
                      </a>
                      .
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                       <strong>
                        I/O SILVER!
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                    <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31px">
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                      <strong>
                       Google announces new models, glasses, agents, but investors are not impressed
                      </strong>
                     </a>
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                     <p style="margin:0">
                      Each year at
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Google
                       </strong>
                      </a>
                      ’s I/O conference, developers get a look at the
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        new products and features
                       </strong>
                      </a>
                      that will define the company for the next year. This year’s three-hour-long keynote featured a dizzying array of announcements, but investors were not feeling it. The stock started the day down, and stayed down, dropping over 2% during Tuesday’s session.
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                     <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       Probably the most significant new thing Google announced was Gemini Spark, Google’s answer to the persistent AI agent OpenClaw. Spark can run long-running tasks for you even when you turn off your phone or shut your laptop.
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       The next version of Google’s Gemini AI model was announced —
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         Gemini 3.5
                        </strong>
                       </a>
                       . But only the smaller, faster version of the model, Gemini Flash 3.5, was ready for release. The company did showcase the
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         new model’s benchmark scores
                        </strong>
                       </a>
                       ,
                       <strong>
                       </strong>
                       at least.
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       Google also previewed a brand-new multimodal model called Google Omni and released the first version, Gemini Omni Flash.
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       An update to Google’s AI-powered coding tool was released — Antigravity 2.0 — which competes against
                       <strong>
                        Anthropic
                       </strong>
                       ’s Claude Code and
                       <strong>
                        OpenAI
                       </strong>
                       ’s Codex.
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       And what tech keynote would be complete without some kind of AI
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         face computer
                        </strong>
                       </a>
                       .
                       <strong>
                       </strong>
                       Google announced a pair of chunky “
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         audio glasses
                        </strong>
                       </a>
                       ” in a partnership with Gentle Monster and
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         Warby Parker
                        </strong>
                       </a>
                       that lets you ask Gemini what you are looking at. Warby’s stock absolutely tanked despite the news.
                      </li>
                     </ul>
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                      THE TAKEAWAY
                     </span>
                    </h1>
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                     <p style="margin:0;margin-bottom:16px">
                      Investors may have been looking at this list of announcements and wondering if this justifies
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        the $180 billion to $190 billion in capex
                       </strong>
                      </a>
                      that the company says it will spend this year — and saying, well, no.
                     </p>
                     <p style="margin:0">
                      In reality, most of that capex money is being spent on its increasingly important
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        TPU 8 AI chips
                       </strong>
                      </a>
                      , which are seeing some real traction in the market.
                     </p>
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                         Read more
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                       <strong>
                        Presented by Surf Air Mobility
                       </strong>
                      </span>
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                     <strong>
                      A real-world AI solution from Surf Air Mobility
                     </strong>
                    </h1>
                   </td>
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                      <img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Ffss%252Ffvl7w8%252F0cd01b1b-1166-4840-b520-7eba5dcb35f5%252FSHERWOOD%252B1000x800px%252B%252810%2529.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NzkyNzMzMjMuNjAxNzU0NH0:1wPeGp:zqv_-zxh5BzL-xri5C4_5YC7Czv_Ta0OePFMdcN01kI" style="display:block;height:auto;border:0;width:100%" title="" width="548"/>
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                    <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                     <p style="margin:0;margin-bottom:16px">
                      The companies best positioned to turn AI into real business impact are those embedded inside operationally complex industries: aviation, logistics, energy.
                     </p>
                     <p style="margin:0;margin-bottom:16px">
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Surf Air Mobility (NYSE: SRFM)
                       </strong>
                      </a>
                      is doing this for private aviation and air mobility. SurfOS, its AI-enabled operating system powered by Palantir, runs inside the airlines that Surf Air Mobility operates today.
                     </p>
                     <p style="margin:0;margin-bottom:16px">
                      For example, two new SurfOS modules went live in Surf Air Mobility’s own scheduled operations: a fuel optimization module that tracks actual burn against plan on every departure and reconciles uplift records against vendor invoices, and a crew reserve module that automates assignments previously handled manually.
                     </p>
                     <p style="margin:0;margin-bottom:16px">
                      Now
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        SurfOS is going to market across a $156B global aviation services industry
                       </strong>
                      </a>
                      with Palantir’s forward-deployed engineers supporting enterprise deals.
                     </p>
                     <p style="margin:0">
                      Built on real operations. Deployed across the industry.
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        See the SurfOS commercial plan
                       </strong>
                      </a>
                      .
                     </p>
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                       <strong>
                        REAL TALK
                       </strong>
                      </span>
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                     <a style="text-decoration: underline; color: #5869ff;">
                      <strong>
                       Spotify expands its anti-AI verified badges to podcasts
                      </strong>
                     </a>
                    </h1>
                   </td>
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                     <p style="margin:0">
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Spotify
                       </strong>
                      </a>
                      announced Tuesday that it’s expanding its “Verified by Spotify” badges to include podcasts. According to the platform, podcasts with the verification badge have sustained listener activity, are in good standing with Spotify rules, and have “
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        verified audience authenticity
                       </strong>
                      </a>
                      .”
                     </p>
                    </div>
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                      <li aria-level="1" style="Margin:0 0 8px 0">
                       Spotify first introduced the tool last month for music profiles, acting as a signal for users that the verified profile represents a human. Podcast badges will appear on select shows beginning Wednesday and expand over time.
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       Spotify, like other major platforms including
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         YouTube
                        </strong>
                       </a>
                       , has been expanding its efforts to distinguish between human content and AI-generated content on its platform.
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       Though, maybe some users don’t care either way: a January survey found that Gen Z and millennials listen to roughly
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         three hours of AI music a week
                        </strong>
                       </a>
                       .
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       The rise of GenAI music and voice-cloning tools has seen a surge in deepfakes and unauthorized voice cloning across several platforms, while also boosting a “
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         resurrection economy
                        </strong>
                       </a>
                       ” that is propelling big deals for the estates of deceased celebrities.
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       With its podcast announcement, Spotify reaffirmed its policy against impersonation,
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         including AI-generated content
                        </strong>
                       </a>
                       <strong>
                        .
                       </strong>
                      </li>
                     </ul>
                    </div>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
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           <tbody>
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                    <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:28px">
                     <span class="tinyMce-placeholder" style="word-break: break-word;">
                      THE TAKEAWAY
                     </span>
                    </h1>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                    <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                     <p style="margin:0;margin-bottom:16px">
                      It’s an interesting tension: like many other platforms, Spotify has been attempting to offer AI protections for users while also expanding its AI offerings, which shareholders seem to want.
                     </p>
                     <p style="margin:0">
                      Earlier this month, the company
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        published a guide
                       </strong>
                      </a>
                      explaining how users can save and play “personal podcasts” created by their AI agents on the app, while ElevenLabs has made a fortune allowing subscribers to have the
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        AI-recreated voices of dead celebrities read them any book they choose
                       </strong>
                      </a>
                      . Google, which has dealt with
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        AI impersonation and content
                       </strong>
                      </a>
                      <strong>
                      </strong>
                      on YouTube, added
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        AI music generation
                       </strong>
                      </a>
                      to its Gemini app in February.
                     </p>
                    </div>
                   </td>
                  </tr>
                 </table>
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                         Read more
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                       <strong>
                        THE BEST THING WE READ TODAY
                       </strong>
                      </span>
                     </span>
                    </span>
                    <!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
                   </td>
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                 </table>
                 <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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                    <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                     <a style="text-decoration: underline; color: #5869ff;">
                      <strong>
                       The guy with possibly the world’s most impressive LinkedIn profile
                      </strong>
                     </a>
                    </h1>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                    <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                     <p style="margin:0;margin-bottom:16px">
                      A chess prodigy. An actual knight in the UK. A Nobel Prize winner. While we already knew those things about the CEO and founder of DeepMind, which was bought by
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Google
                       </strong>
                      </a>
                      for a reported ~$400 million in 2014, the Financial Times recently reported that he was also an
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        early Anthropic investor
                       </strong>
                      </a>
                      .
                     </p>
                     <p style="margin:0">
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        The man behind the impressive resume
                       </strong>
                      </a>
                     </p>
                    </div>
                   </td>
                  </tr>
                 </table>
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                       <span style="word-break: break-word;">
                       </span>
                      </td>
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                   </td>
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                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
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         </td>
        </tr>
       </tbody>
      </table>
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       <tbody>
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         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
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             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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                    <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                     <strong>
                      Snacks Shots
                     </strong>
                    </h1>
                   </td>
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                     <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       🏛️
                       <strong>
                        Texas:
                       </strong>
                       Yesterday, after President Trump endorsed Ken Paxton for the Republican nominee for the open Senate seat in Texas,
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         Paxton’s odds* of winning the nomination over incumbent John Cornyn shot up to 93%
                        </strong>
                       </a>
                       .
                      </li>
                     </ul>
                    </div>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="10" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                    <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                     <p aria-setsize="-1" id="message-list_1761932419.092419" role="listitem" style="margin:0;margin-bottom:16px" tabindex="0">
                     </p>
                     <p style="margin:0;margin-bottom:16px">
                      *Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.
                     </p>
                     <p aria-label="Start of unread messages." aria-roledescription="separator" aria-setsize="-1" id="message-list_unreadDivider" role="listitem" style="margin:0" tabindex="-1">
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                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
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                    <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                     <span class="tinyMce-placeholder" style="word-break: break-word;">
                      What else we're Snackin'
                     </span>
                    </h1>
                   </td>
                  </tr>
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                  <tr>
                   <td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
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                     <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         Tesla
                        </strong>
                       </a>
                       is reportedly planning to
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         build a solar factory near Houston
                        </strong>
                       </a>
                       , right next door to its Megapack Megafactory
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       Yesterday,
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         Nintendo
                        </strong>
                       </a>
                       shares
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         climbed for a third straight day
                        </strong>
                       </a>
                       as China’s ramped-up memory chip production could ease the “
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         RAMpocalypse
                        </strong>
                       </a>
                       ” squeezing electronics makers
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       Turn signal:
                       <strong>
                       </strong>
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         confessions of a (former) robotaxi hater
                        </strong>
                       </a>
                      </li>
                     </ul>
                    </div>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-13" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
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                       <span style="word-break: break-word;">
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                       Premarket earnings:
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                         Target
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                       ,
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                         Lowe’s
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                       ,
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                         TJX
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                       ,
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                       </strong>
                       and
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                         Analog Devices
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                         Nvidia
                        </strong>
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                       ,
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                         Intuit
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                       </a>
                       , and
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                         e.l.f. Beauty
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                      SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025
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