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Hello and happy Sunday! Here’s your Sunday briefing — a breakdown of the last week’s most pressing headlines across autos, AI, finance, and data privacy:

• Ferrari Gets More Expensive in America: The luxury automaker is raising prices up to 10% to offset incoming U.S. tariffs on imported cars.

• DNA Deletion Frenzy Hits 23andMe: Web traffic surged nearly 700% as users raced to erase their genetic data following the company’s bankruptcy announcement.

• S&P 500 Correction Sparks Recovery Hopes: Markets dipped into correction territory, but history shows rebounds are common — will 2025 follow the trend?

• The AI Boom Is Burning Billions: OpenAI and Anthropic project sky-high revenues, but heavy losses raise questions about sustainability in the AI arms race.

• Palantir Faces Doubts from Goldman Sachs:

• The investment bank questions whether Palantir’s AI edge will hold as competitors catch up.

Ferrari to Hike Prices by Up to 10% Over Tariffs

Ferrari is raising prices by up to 10% on select models in response to the Trump administration’s 25% tariff on imported vehicles, which takes effect April 3. 🏎️ 🏷️ 🏷️ The price hike won’t affect the Ferrari 296, SF90, and Roma, but all other models ordered after April 2 will see increases. With the U.S. being a major market for European luxury carmakers, the tariffs pose a significant challenge — particularly for brands like Ferrari, Porsche, and Mercedes-Benz.

23andPanic: DNA Site Traffic Surges as Users Rush to Delete Data

After announcing bankruptcy and plans to sell 🪦, 23andMe saw a 692% spike in web traffic, with 1.5 million people rushing to delete their DNA data. 🧬 Once valued at $6 billion, the genetic testing company now faces a mass exodus of users worried about the fate of their personal and family health information. The surge overwhelmed the website, causing crashes, while online searches about how to erase 23andMe data soared. Although the company reassured users about data safety during the sale, public trust appears shaken.

Corrections Often Lead to Rallies. Will 2025 Be Any Different?

The S&P 500 officially entered correction territory last Thursday, falling 10.1% from its February high amid fears of tariffs, stagflation, and economic slowdown. This marks the index’s first correction since October 2023, erasing gains made since the 2024 election. While some fear a deeper crash, history suggests otherwise. Of 56 corrections since 1929, 34 didn’t lead to bear markets. In fact, recent patterns show that corrections are often followed by strong rebounds — including a 41% rally after the last one. 📉 🚀 Investors are hoping history repeats itself again.

The $300B AI Burn: OpenAI, Anthropic, and the High Cost of the Future

The AI race is heating up with massive revenue projections — and equally massive losses. OpenAI expects its revenue to triple to $12.7 billion in 2025, 🤯 even as it reportedly loses $5 billion annually. Backed by $13 billion from Microsoft, it’s finalizing a $40 billion funding round at a $300 billion valuation. Still, its $20–$200/month ChatGPT subscriptions may not cover costs as AI models become more compute-intensive.

Meanwhile, rival Anthropic — reportedly burning through $6.5 billion in 2024 — earns around $115 million per month and just signed a five-year, $100 million deal with Databricks. With $8 billion in funding (including from Amazon), it aims for $34.5 billion in revenue by 2027. Despite ballooning revenues, both companies are still figuring out how to turn AI hype into sustainable profits.

Is Palantir’s AI Edge Sustainable? Goldman Isn’t Sure

Goldman Sachs analysts have identified their “single biggest question” about Palantir: whether the company can maintain its competitive edge in enterprise AI software as the landscape rapidly evolves. While Palantir currently solves tough problems like messy data, weak security frameworks, and immature AI integration — challenges many organizations still face — Goldman warns these hurdles will likely diminish over time as SaaS companies enhance their AI tools and developers gain experience.

Goldman remains neutral on Palantir, with an $80 price target, citing the stock’s high valuation (151x forward earnings, 51x forward sales) and volatile trading due to strong retail investor interest. Recent stock declines may also reflect cost-cutting at the Department of Defense, a key client. The takeaway? The opportunity is big, but so are the risks. 💰 / 🔥