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History made today: the Dow Jones Industrial Average closed above 52,000 for the very first time, and it happened on the same day Alphabet ($GOOGL) officially joined the 30-stock index, replacing Verizon. GOOGL shares popped 3.7% to ~$350 on its debut, joining fellow mega-caps NVDA, AMZN, AAPL, and MSFT in the blue-chip average. Swapping out the last dedicated telecom carrier for AI and cloud โ does that make the Dow a more accurate read on the modern economy? Not financial advice.
At its Build conference Microsoft unveiled a family of seven home-grown MAI models, headlined by MAI-Code-1-Flash โ feed it a plain-English description and it spits out working source code for an app or website. The strategy is clear: cut its reliance on OpenAI and lower costs for developers. Are in-house models about to become the default for the big platforms?