Mortgage Rate Update | February 8, 2024

Mortgage Rate Update

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of February 8, 2024, were as follows: The 30-year fixed mortgage rate was 6.64%, almost unchanged from 6.63% last week. The 15-year fixed was 5.90%, down slightly from 5.94% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

From ESPN to Xbox and More! | Tech News

Stay connected in the world of technology with the latest headlines. From ESPN to Xbox and more, we have you covered with what’s happening from across the web. Read on for this week’s top tech news headlines!

Apple Shifts Away from iTunes with New Apps for Windows PC

Apple has officially rolled out its Apple TV, Apple Music, and Apple Devices apps for Windows, transitioning out of the preview phase in collaboration with Microsoft. These apps, along with an updated iCloud for Windows, aim to reduce Windows users’ dependence on iTunes, as reported by MacRumors. The introduction of these apps means that iTunes is now primarily needed for podcast and audiobook access on Windows. The Apple Music app allows users to access their iTunes library and make purchases, while Apple TV offers access to iTunes movies, TV shows, and subscription streaming. The Apple Devices app facilitates iPhone and iPad backups, restorations, and content syncing. Microsoft has supported Apple in this initiative, also integrating iCloud Photos into Windows 11’s Photos app. However, Apple’s new apps are currently limited to x86-based PCs running Windows 10 or 11, with no ARM64 versions available for Qualcomm-powered devices.

ESPN, Fox, and Warner Bros. Collaborate on a Major Sports Streaming Platform

Warner Bros. Discovery, ESPN/Disney, and Fox Sports are set to launch a collaborative sports streaming service this fall. The service will feature content from major sports networks and leagues including the NFL, MLB, NBA, NHL, and more. This initiative, where each company holds an equal stake, aims to offer a broad range of sports through a single platform. Disney CEO Bob Iger sees this as a pivotal moment for ESPN and sports enthusiasts. This could either streamline sports viewing or introduce new complexities, with more details expected during Disney’s earnings announcement.

OpenAI Introduces New Watermarks for DALL-E 3

OpenAI is enhancing DALL-E 3 with new watermarks, including invisible metadata and a visible CR symbol. The move is meant to support the Coalition for Content Provenance and Authenticity (C2PA) standards. This move, aimed at improving content authenticity, enables users to verify the origin of images generated by OpenAI through platforms like Content Credentials Verify. The watermarks are designed to have minimal impact on image quality and generation speed. This initiative, part of broader efforts by companies including Adobe and Microsoft, seeks to distinguish AI-generated content. However, OpenAI notes that the effectiveness of watermarks could be limited as social media platforms often strip metadata.

Microsoft Set to Reveal Plans for Xbox Games on PlayStation Next Week

Microsoft is set to unveil its strategy for bringing Xbox exclusives like Hi-Fi Rush to PS5 and Nintendo Switch, responding to leaks and speculation about its cross-platform ambitions. The announcement, teased by Microsoft Gaming CEO Phil Spencer, aims to clarify the company’s vision for Xbox’s future, particularly after recent rumors suggested titles like Hi-Fi Rush and the anticipated Indiana Jones game might hit PlayStation consoles. This move comes as Microsoft prepares to discuss its gaming direction following the significant acquisition of Activision Blizzard, with a business update event announced for next week to address these developments and outline what’s next for Xbox in the gaming ecosystem.

Tim Cook Announces Apple to Introduce Generative AI Capabilities ‘Later This Year’

Apple CEO Tim Cook has confirmed that generative AI features are slated for release “later this year.” Cook hinted at a significant update in the pipeline, possibly with iOS 18 as suggested by Bloomberg’s Mark Gurman. Cook’s remarks align with expectations for a major fall release. Likewise, this emphasizes Apple’s commitment to advancing AI technologies across its platforms, including iOS, iPadOS, and macOS. While specifics were not disclosed, Cook’s enthusiasm suggests a significant expansion of AI capabilities in Apple’s software. Of course, this means potentially including advanced photo editing and word processing tools. This move signals Apple’s response to similar innovations by competitors like Google and Samsung.

Weekend Events | February 9 – 11

This weekend is jam-packed and full of events to celebrate. From Superbowl LVIII to Valentine’s Day and Mardi Gras, there is endless fun to be had. Read on below for our curated list of happening from February 9 through February 11.

 

Los Angeles Weekend Events | February 9 – February 11 

LoveStruck Cinema

When: February 10 – February 14 

Where: DTLA

What: Street Food Cinema presents a special screening and performance series that highlights the theme of love, hosted at the Million Dollar Theater around Valentine’s Day. This event features two movie screenings accompanied by themed performances, including a showing of “The Rocky Horror Picture Show” with a shadow cast performance by Sins O’ the Flesh, as well as “Romeo + Juliet” paired with a performance by Cabaret Versatile.

John Williams Spotlight

When: February 2 through May 19, 2024

Where: DTLA

What: In the ongoing multi-year tribute to John Williams by the LA Phil, attendees can experience “A Century of Film” from February 2 to 4. This event, conducted by David Newman, will feature a selection of pieces from several of Williams’ scores, including Indiana Jones and Close Encounters, alongside music from Batman, The Godfather, Back to the Future, Lawrence of Arabia, and other iconic films.

Mardi Gras at Farmers Market

When: February 9 – February 13 

Where: Boyle Heights

What: Celebrate Mardi Gras weekend at the Farmers Market with a unique twist by joining in the annual festivities, including the Mutti Gras Pet Parade & Costume Contest on Saturday at the Market Plaza. Watch as pets in costumes compete, with the crowd picking a King and Queen in different size categories, and winners receiving prizes from the Dog Bakery. The celebration begins on Friday on the West Patio with live music that continues over the weekend and returns on Fat Tuesday. Enjoy traditional New Orleans cuisine like seafood, gumbo, jambalaya, Cajun meatloaf, blackened chicken, beignets, and po’boys throughout the event.

Westside and Beach Communities Weekend Events | February 9 – February 11

Puppy Bowl Tailgate Party

When: February 10 

Where: West LA

What: Forget the Super Bowl; Los Angeles has its own “pup rally” in celebration of the Puppy Bowl! This light-hearted, dog-friendly gathering at the Wags & Walks Adoption Center in West L.A. promises an irresistibly cute experience. It features football-themed photo opportunities, tasty treats for both humans and dogs, agility challenges, and the chance for adoptions. For those feeling peckish, several food trucks will be on-site, along with Grounds & Hounds Coffee Co., offering both coffee for attendees and special pup cups for the furry guests.

Lunar New Year Celebration at Disney California Adventure

When: Until February 18

Where: Anaheim

What: Celebrate the Lunar New Year at “the happiest place on earth” – Disney California Adventure. Embracing the Year of the Dragon, the park is hosting a month-long multicultural festival. Children will enjoy photo opportunities and parade processions featuring Mulan, Mushu, and Mickey and Minnie Mouse. Meanwhile, adults can indulge in a delightful culinary experience with flavors from China, Korea, and Vietnam.

Lunar New Year Celebration at South Coast Botanic Garden

When: February 3 – February 25

Where: Rolling Hills / RanchoPalos Verdes

What: Every weekend in February, South Coast Botanic Garden hosts vibrant Lunar New Year celebrations featuring lion dancers, drummers, and folk dancers. Performances dedicated to the Year of the Dragon take place on Saturdays and Sundays at 11am and 3pm. These half-hour shows are part of a full day of activities in the garden’s lower meadow, running from 10am to 4pm. The festivities include red lantern decorations and the option to participate in additional classes, such as puppetry and tea ceremonies, available for purchase.

San Fernando Valley Weekend Events | February 9 – February 11 

Valentine’s Day Handbuilding Pottery Workshop

When: February 9 

Where: Northridge

What: Attendees are invited to a fun and creative Valentine’s Day Handbuilding Pottery Workshop. Learn to handbuild beautiful pottery pieces as ideal for gifts or home decor. The workshop is suitable for both beginners and those with some experience. It’s a hands-on opportunity to unleash creativity in a welcoming environment. This in-person workshop offers a wonderful way to spend quality time with loved ones or to meet new friends. It presents a unique chance to craft something special for someone dear this Valentine’s Day. Interested individuals are encouraged to sign up promptly.

Succulent Heart Wreath Workshop

When: February 11 

Where: Burbank

What: Create a beautiful 10″ wreath overflowing with live succulents and natural mosses to complete your seasonal Valentine’s decor! Enjoy crafting on a beautiful afternoon in the garden with friends or that special someone! Each participant will assemble their own unique, living wreath arrangement that will last and last!

The Beauty Lab Galentine’s Paint Night

When: February 10 

Where: 16781 Stagg Street Hangar C3 & C4 | Van Nuys

What: Grab your homies and come paint and sip with us at The Beauty Lab! Enjoy this Paint and sip instructed by artist, Jessica Hernandez. This session will be on a partially pre-sketched canvas, so no painting experience is necessary! Jessica will be there to take you step by step to create your own masterpiece. Each ticket gets you a 12×16 canvas and all the art materials you’ll need to go home with a beautiful painting.

 

Conejo Valley Weekend Events | February 9 – February 11 

Boney Mountain Trail Half Marathon & 7K in Newbury Park

When: February 10 

Where: Newbury Park

What: The Boney Mountain Trail Half Marathon and 7K is planned for Saturday, February 10, 2024, in Point Mugu State Park, starting at Rancho Sierra Vista/Satwiwa in Newbury Park. Challenging, single track, switchback climbs and descents, creek crossings and climb up the Old Boney trail.

Valentine’s Day Event at the Stagecoach Inn Museum

When: February 10 

Where: Stagecoach Inn Museum

What: Get ready for an unforgettable Valentine’s extravaganza that’s not just for lovebirds! Bring your special Valentine and the whole family to experience a heart-pounding afternoon filled with excitement. Dive into the thrill of our Signature Bunny Hunt, now with a sweet Valentine twist that will keep everyone on their toes.

Chinese New Year Celebration 

When: February 11

Where: Fred Kavli Theater

What: The Chinese Dragon Year Celebration will take place at the Bank of America Performing Arts Center. This annual event, organized by the Conejo Chinese Cultural Association (CCCA) for over 30 years, promises an evening filled with a diverse array of programs. This includes dramas, music, special arts, dance performances, and magic show, all inspired by the rich heritage of Chinese culture spanning thousands of years. 

The Best Valentine’s Day Restaurants | L.A. Eats

If you are looking to splurge and experience a romantic Valentine’s Day in Southern California, we have got you covered with a list of some of the best restaurants. Plan to book a reservation at any of these spots with aesthetic interiors and delicious meals.

Los Angeles Valentine’s Day Restaurants

Pace Restaurant

Location: Hollywood

When you want to wine and dine with your significant other, Pace has an idyllic restaurant setting. In addition to that, they also offer an expanded outdoor situation perfect for date nights. Likewise, it also is a fantastic location for occasional celebrity sightings.

Perch

Location: DTLA

The display of tasteful boudoir paintings, patterned tile floors, potted trees, and twinkly lights make this rooftop bistro the prettiest in town. Enjoy a delicious and romantic meal with a birdseye view of DTLA. In addition, there is also a tasteful selection of eclectic French décor and plush sofas topping up this fine-dining restaurant.

Westside and Beach Communities Valentine’s Day Restaurants

Catch LA

Location: West Hollywood

Catch LA is a globally influenced seafood spot with its signature blend of dining, nightlife, and events in an open-air kitchen and dining room with a retractable roof. Likewise, you can bring your date to splurge on delectable sushi while enjoying breathtaking views of the Hollywood Hills.

II Cielo

Location: Beverly Hills

The romantic courses at II Cielo are to die for. You can sample the dolce, risottos, pasta, carpaccios, or a plate of tiramisu for dessert. Likewise, this Italian-owned spot will awe you with its ambiance of twinkling lights and bubbling fountains this Valentine’s Day.

Barrique

Location: Venice

This charming Italian restaurant in a yellow wooden bungalow on a quiet stretch of Main St. in Venice has excellent food perfect for impressing your partner. In addition, there is also an outdoor patio situation where you can cozy up on your Valentine’s Day date with a candle-lit dinner.

San Fernando Valley Valentine’s Day Restaurants

Anajak Thai

Location: Sherman Oaks

Serving some of the most exciting Thai food in the entire city, Anajak Thai also has a fantastic natural wine list and a lively side patio. Likewise, this makes it the perfect Valentine’s Day spot when you want to impress your date while keeping things fun and casual.

Firefly

Location: Studio City

Firefly offers modern American cuisine in a romantic, heated firelit patio decorated with candles and twinkling lights. In addition to serving exquisitely constructed dishes, a library-like bar area also gives an ideal Valentine’s Day date-night vibe.

Octopus Japanese Restaurant

Location: Encino, CA

The service at this Japanese restaurant is friendly yet professional. Likewise, the ambiance is comfortable. Octopus has different dining spaces with classic elegant, romantic, and relaxing date night vibes. In addition, we recommend while there, that you try the sake mosa and sashimi.

Conejo Valley Valentine’s Day Restaurants

Zin Bistro Americana

Location: Thousand Oaks

Overlooking the Westlake village scenery, Zin Bistro has some of the best views making it a great option for a big-deal date night with your beau. Likewise, if you are looking for excellent cuisine or contemporary American comfort food, Zin is the perfect spot for you.

Mediterraneo

Location: Agoura Hills

Mediterraneo offers spectacular meal options that include a varied Mediterranean menu. In addition, they offer an upscale atmosphere that is sure to impress. Likewise, it’s an ideal destination for date night!

Aloha Steakhouse

Location: Ventura

If you want to celebrate a romantic evening, Aloha Steakhouse is a fantastic choice. Likewise, the American seafood restaurant also has amazing ocean views. In addition to the stellar service is equally exquisite cuisine!

 

Exploring Long Beach | Out & About

Long Beach, California, is a vibrant and exciting city with a wide range of attractions and activities for visitors to enjoy. Whether you’re a local resident or just passing through, there’s always something to do in this bustling coastal community.

For a delightful bite to eat in Long Beach

 

One of the best ways to experience the city is to explore its vibrant food scene. Long Beach has a thriving restaurant culture, with a diverse range of cuisine options that will suit every taste and budget. Whether you’re in the mood for fresh seafood, gourmet burgers, or authentic Mexican cuisine, you’re sure to find something that you’ll love.

Ammatoli Mediterranean Bites

Ammatoli is a vibrant Downtown Long Beach restaurant owned by Dima and Sam Habibeh, serving up authentic Levant region cuisine. Enjoy exotic delicacies from Iraq to Israel on beautiful plates as if you were dining in the Mediterranean! Alongside your meal experience, tea service is like no other – an immersive journey awaits at Ammatoli.

Gusto Bread

Step into the world of Gusto and discover a magical bakery that has earned national recognition for its delicious pastries, boules, baguettes, cookies – and much more. Come take a look at their daily selection or order ahead online! Head Baker Arturo Enciso has been creating wonders in this Long Beach kitchen since they moved to a larger space earlier last year.

The Nest: A Breakfast Joint 

At the Nest, Antonio Appling serves up a unique blend of Southern hospitality and SoCal vibes. Not to be missed are his famous biscuits ‘n gravy – but for something totally unexpected, try the breakfast torta with roasted pork; you won’t regret it!

If you’re in the mood for some retail therapy, Long Beach is also home to a variety of great shopping destinations. From local boutiques and specialty stores to large department stores and shopping centers, there’s something for every shopping taste.

Places to shop in Long Beach

The Pike Outlets:

A large shopping and entertainment complex that features a variety of high-end and budget-friendly retailers, as well as a range of dining options and entertainment venues.

Retro Row:

A quirky and fun shopping district that is home to a variety of vintage clothing stores, retro furniture shops, and unique boutiques.

Shoreline Village:

A charming outdoor shopping and dining destination. Shoreline Village overlooks the picturesque Long Beach Harbor. This fun shopping area offers visitors a variety of shops, restaurants, and attractions to enjoy.

 

No matter how long you’re in Long Beach, there’s always something to do and explore in this dynamic coastal city.  Likewise, you can expect a great experience in one of California’s most popular destinations.

Elevating Your Home with Seasonal Scents | Home Tips

As February ushers in the essence of romance and the anticipation of spring, luxury homeowners have the unique opportunity to enhance their living spaces with carefully selected seasonal scents. The right fragrance can transform the ambiance of a home, creating a sensory experience that complements its visual beauty and architectural elegance.

Choosing the Right Scents for Your Home

February calls for warm, inviting aromas that balance the chill in the air with hints of the coming spring. Consider rich, woodsy fragrances like sandalwood or cedar, which provide warmth and depth. For a touch of romance, floral scents such as rose, jasmine, or lavender add a soft, inviting layer to your home’s aroma profile.

Sophisticated Delivery Methods

Luxury homes deserve equally sophisticated scent delivery systems. High-end diffusers, whether reed, ultrasonic, or nebulizing, not only disperse scent efficiently but can also serve as elegant decorative elements. For an intimate ambiance, consider luxury scented candles made from soy or beeswax, which provide a cleaner burn and a more natural fragrance throw.

Custom Scenting

For those seeking a truly bespoke experience, custom scenting services offer the opportunity to create a unique fragrance that perfectly captures the essence of your home and personal style. These tailored scents can be integrated into your HVAC system, enveloping your entire home in a subtle, continuous fragrance.

Seasonal Scents as Decor

Beyond their olfactory appeal, scents can be incorporated into your decor through beautifully packaged candles, elegant diffuser bottles, and even fresh floral arrangements that complement your home’s aesthetic. Place these elements strategically in entryways, living areas, and bathrooms to create a cohesive scent experience throughout.

The Power of Natural Aromatherapy

Incorporating natural elements like eucalyptus branches in a shower, potted herbs in the kitchen, or fresh flowers in living spaces can enhance your home’s ambiance with their subtle, natural scents. These elements bring the added benefit of connecting your indoor spaces with nature.

Creating Scented Moments

Consider creating scented vignettes around your home for special February occasions, such as intimate dinners or gatherings. A beautifully set table with scented candles and aromatic culinary creations can make these moments unforgettable.

The Benefits of Seasonal Scents

Beyond their immediate appeal, seasonal scents can significantly impact mood and well-being. They can evoke memories, enhance relaxation, and create an overall sense of luxury. Likewise, this comfort complements the physical beauty of your home.

 

Economic Update | Month Ending January 31, 2024

Stock markets began the year higher – With a renewed sense of optimism this January was very different than January 2023. With the Fed in the middle of an aggressive rate hike campaign in order to tame inflation many people felt that a recession was inevitable in 2023. This year things are different. The Fed made an unprecedented 11 rate hikes in just over 13 months. That pushed the overnight rate from near 0% to 5.5%, and the Pime Rate, a rate that many business loans are tied to, from 3.5% to 8.5%. In 2024 we now know that we not only did not have a recession in 2023, but that the economy grew by 2.5% for the year, up from 1.9% in 2022. In fact, after starting the year with almost no growth, the economy grew 4.9% in the third quarter and 3.3% in the fourth quarter as strong economic date kept being released. The Fed has stated that they are done raising rates and plan to began cutting this year as inflation has come down to more acceptable levels. While we don’t expect to see the historic low rates we saw during the pandemic, we do expect to see rates drop in the coming years to more affordable levels.  The Dow Jones Industrial Average closed the month at 38,150.30, up 1.2% from 37,689.40 on December 31, 2023. The S&P 500 closed the month at 4,845.65, up 1.5% from 4,769.89 last month.  The NASDAQ closed the month at 15,164.01, up 1% from 15,011.35 last month.

U.S. Treasury bond yields – The 10-year treasury bond closed the month yielding 3.99%, up from 3.88% last month. The 30-year treasury bond yield ended the month at 4.22%, up from 4.03% last month. We watch bond yields because mortgage rates often follow treasury bond yields.

Mortgage rates – The Freddie Mac Primary Mortgage Survey reported that mortgage rates as of February 1st, 2024, for the most popular loan products were as follows: The 30-year fixed mortgage rate was 6.63%, almost unchanged from 6.61% at the end of December.  The 15-year fixed was 5.94%, almost unchanged from 5.93% at the end of December.

 

Home sales data is released on the third week of the month for the previous month by the National Association of Realtors and the California Association of Realtors. These are December’s home sales figures.

U.S. existing-home sales – The National Association of Realtors reported that existing-home sales totaled 3.78 million units on a seasonally adjusted annualized rate in December, down 6.2% from an annualized rate of 4.03 million in December 2022.  The median price for a home in the U.S. in December was 382,600, up 4.4% from $366,500 last December. There was a 3.2-month supply of homes for sale in December, up from a 2.9-month supply last December. First-time buyers accounted for 29% of all sales. Investors and second-home purchases accounted for 16% of all sales. All-cash purchases accounted for 29% of all sales. Foreclosures and short sales accounted for 2% of all sales. In 2023, 4.09 million existing-homes sold, the lowest level since 1995, while the median price reached a record high level of $389,800. Existing-homes include single-family, condominium, townhomes, and co-ops.

California Association of Realtors 2023 existing-home sales report – The California Association of Realtors reported that existing-home sales totaled 224,000 units on a seasonally adjusted annualized basis in December, down 7.1% from a revised 241,700 homes sold on an annualized basis last December. California recorded 257,560 existing-homes sold in 2023, down from 342,530 homes sold in 2022. That marked the biggest one-year drop in annual sales since 2007. Prior to 2022 home sales have rarely  dropped below 400,000 in decades. Much of the decline was due to a loss of move-up buyers. Normally about 60% of all sales are people that sell a home and use their proceeds  to purchase another. When someone that wants to move has a mortgage rate at a 3% it’s difficult to sell it and purchase another with a mortgage at a 7% rate. This is because when they own a $2 million dollar home with a $1 million mortgage at 3%, their payment with taxes and insurance is about $4,500 a month. If they put their  $1 million in proceeds down on a new $4 million dollar home and obtained a $3 million loan at 6.5% (down from almost 8% two months ago) their payment with tax and insurance would be around $24,000 a month. That’s a big jump that has caused many people to stay in their current home that would normally move to a new home. When people put off their move it reduces the number of homes for sale. There was a 2.5-month supply of homes on the market in December, down from 3-month supply of homes for sale in November, and a 2.6-month supply one year ago. That marked the tightest inventory level in 7 months.  Fewer homes for sale, especially in a first-time buyer price range pushes prices up for those homes. This is exactly what is happening now. At the same time, without the move-up buyers, homes in the upper ranges of many areas are sitting. Those are being reduced and selling for less than they did in 2022. Because there are many more sales in the lower price range than the upper price ranges the median price, the point at which 1/2 the homes sell for mom and 1/2 sell for less, is moving up. The statewide median price paid for a home in December was $819,740up 6.4% from a revised median price of $770,490 a year ago. In the field we are not seeing home prices increase in the upper price ranges the way we are seeing the first-time purchaser home prices jump.

The graph below shows home sales figures by county in Southern California.

 

Mortgage Rate Update | February 1, 2024

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Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of February 1, 2024, were as follows: The 30-year fixed mortgage rate was 6.63%, down slightly from 6.69% last week. The 15-year fixed was 5.94%, down slightly from 5.96% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

From an ASCII Barbie to AI on Shopify and more! | Tech News

Stay connected in the world of tech with our weekly round-up of tech and media news. From an ASCII Barbie to AI on Shopify and more, we have you covered. Read on below for the latest from across the World Wide Web. 

Google Secures Significant Offshore Wind Energy Agreement

Google has announced its largest offshore wind energy deal to date, aimed at powering its European data centers. This involves signing agreements to support two new wind farms off the Netherlands coast, contributing over 700 megawatts of clean energy to the grid. The initiative is part of Google’s goal to match its data center electricity use with renewable energy on a 24/7 basis by 2030. The agreement with the CrossWind and Ecowende consortia, joint ventures between Shell and Eneco, will significantly boost Google’s clean energy usage in the Netherlands. Additionally, Google plans to purchase renewable energy from wind and solar farms in Italy, Poland, and Belgium. This move by Google and other tech giants like Microsoft aims to not just match annual energy consumption with renewable sources, but to support the generation of renewable energy locally and in real-time, helping to increase the capacity and reliability of clean energy on the power grid.

Microsoft Begins Rollout of OneDrive’s New Design for Consumer Users

Microsoft is rolling out an updated design for its OneDrive cloud storage service, targeting personal users. The new Fluent design, first introduced last year, is set to reach all personal users by the end of February. This redesign, described by Microsoft product manager Miceile Barrett, aims to offer both visual and functional improvements, focusing on quick file access and better content organization. The refreshed interface aligns more closely with Windows 11 and Microsoft Office app updates, featuring a simplified, modern look and a new ‘people view’ for easier file locating based on shared contacts. Enhancements include new file filters for sorting documents by type and a more integrated ‘add new’ button for streamlined file uploads and document creation. Microsoft plans further changes for OneDrive, especially for business users, including offline support and faster loading times.

Shopify Introduces ‘Magic’, an AI-Powered Image Editor to Enhance Product Photos with a Professional Finish

Shopify is enhancing its Magic suite with an AI-powered media editor for easy background changes in product photos and a conversational search feature, launching this spring. This tool, free for merchants, aims to help those without professional photography resources showcase their products effectively. Additionally, Shopify has integrated AI-driven tools like automated descriptions and chatbot functions and is competing with similar features on platforms like Amazon. The new search functionality focuses on interpreting the intent behind conversational queries for more accurate results. Shopify’s AI suite, built on models like GPT and Llama 2, includes moderation and watermarking capabilities.

Replika’s Latest AI Therapy App Aims to Transport Users to a Zen-like island

Replika has partnered with the creators of the AI dating simulator Blush to launch Tomo. The new app is a wellness and meditation app available on the Apple iOS store. Tomo transports users to a virtual island retreat, offering personal growth, mental well-being, and fulfillment programs. While the app offers a three-day free trial, continued use requires a subscription fee. Users engage with Tomo through a text-based interface, similar to other text therapy services. However, the experience with Tomo doesn’t significantly differ from typical chatbots. Tomo is currently exclusive to iPhones, with plans for an Android version and an immersive experience on Apple’s Vision Pro.

MSCHF Art Collective Offers Free Streaming of Movies like Barbie in ASCII Format

The art collective MSCHF is creating waves on the internet with its new project, ASCII Theater. The project broadcasts popular films daily in ASCII format for free. By entering a command in their computer’s terminal, viewers can watch films like Barbie. The project converts each frame into lines of text characters, replacing pixels with text. This technique is not new, with notable examples like the ASCII art version of the original 1977 Star Wars movie. MSCHF’s ASCII Theater, however, is unique in offering full-length ASCII films, with upcoming titles including the horror film Hereditary. 

Weekend Events | February 2 – February 4

February has arrived, and with it comes a bevy of fun happenings around town. From Lunar New Year festivals to Valentine’s Day and Black History Month, there are many ways to celebrate. Read on below for our curated list of fun happening February 2 through February 4.

Los Angeles Weekend Events | February 2 – February 4 

John Williams Spotlight

When: February 2 through May 19, 2024

Where: DTLA

What: In the ongoing multi-year tribute to John Williams by the LA Phil, attendees can experience “A Century of Film” from February 2 to 4. This event, conducted by David Newman, will feature a selection of pieces from several of Williams’ scores, including Indiana Jones and Close Encounters, alongside music from Batman, The Godfather, Back to the Future, Lawrence of Arabia, and other iconic films.

Luna Luna: Forgotten Fantasy

When: Through Spring 2024

Where: Boyle Heights

What: In the summer of 1987, Germany hosted a unique carnival where traditional rides were embellished with art from Salvador Dalí, Jean-Michel Basquiat, Keith Haring, David Hockney, Sonia Delaunay, and many others. After that summer, this distinctive carnival disappeared, tucked away in storage for years. Recently, however, Luna Luna has been resurrected in Los Angeles. Thanks to the efforts of several art world collaborators and Drake, the carnival has been meticulously restored and reassembled. It is now open for visitors in a Boyle Heights soundstage until the spring of 2024.

Griffith Park Run

When: February 4

Where: Griffith Park

What: Experience a pair of exciting runs around the northeast corner of Griffith Park. Participants in the 5K will enjoy a flat loop around the eastern sections of the Wilson and Harding Golf Courses, while the half marathon offers a varied route, combining mostly flat terrain with a challenging hilly midsection. Proceeds from these events will support the Los Angeles Parks Foundation.

 

Westside and Beach Communities Weekend Events | February 2 – February 4

Free Hot Cups of Spite and Dry Scones at Latte Larry’s

When: February 2 – February 4

Where: Venice and Culver City

What: To celebrate the 12th and final season of “Curb Your Enthusiasm,” HBO is transforming Menotti’s locations in Venice and Culver City into Latte Larry’s, the coffee shop created by Larry David in the show’s tenth season. During this promotion, while supplies last, each guest will receive a complimentary hot cup of coffee (dubbed ‘spite’) and a scone. Additionally, limited edition collaborative merchandise, including Menotti’s and “Curb Your Enthusiasm” shirts and mugs, as well as a special signature roast of “Latte Larry’s Beans,” will be available. The event will run from 7am to 4pm, and it’s advised to arrive early as a significant turnout is expected, potentially resulting in long lines.

Lunar New Year Celebration at Disney California Adventure

When: Until February 18

Where: Anaheim

What: Celebrate the Lunar New Year at “the happiest place on earth” – Disney California Adventure. Embracing the Year of the Dragon, the park is hosting a month-long multicultural festival. Children will enjoy photo opportunities and parade processions featuring Mulan, Mushu, and Mickey and Minnie Mouse. Meanwhile, adults can indulge in a delightful culinary experience with flavors from China, Korea, and Vietnam.

Lunar New Year Celebration at South Coast Botanic Garden

When: February 3 – February 25

Where: Rolling Hills / RanchoPalos Verdes

What: Every weekend in February, South Coast Botanic Garden hosts vibrant Lunar New Year celebrations featuring lion dancers, drummers, and folk dancers. Performances dedicated to the Year of the Dragon take place on Saturdays and Sundays at 11am and 3pm. These half-hour shows are part of a full day of activities in the garden’s lower meadow, running from 10am to 4pm. The festivities include red lantern decorations and the option to participate in additional classes, such as puppetry and tea ceremonies, available for purchase.

San Fernando Valley Weekend Events | February 2 – February 4 

Performance by Pianist Jason Stoll

When: February 4

Where: 11455 Burbank Boulevard | Los Angeles, CA 91601

What: An unforgettable afternoon awaits with mesmerizing piano performances by the renowned Jason Stoll. Audiences are set to be captivated by his extraordinary skills and passion for music.

Shaping Gravity: Abstract Art Beyond the Picture Plane

When: Until March 10 

Where: Glendale

What: Experience the vibrant interpretations of abstraction by seven artists at this complimentary exhibit at the Forest Lawn Museum. Explore diverse artworks ranging from sculptures and paintings to augmented reality pieces and interactive video projections. Featured artists include Jen Stark, Molly Larkey, Shane Guffogg, Michelle Jane Lee, Christine Nguyen, Rema Ghuloum, and Sara Ippolito.

VALLEY RELICS MUSEUM EXPERIENCE

When: Every Saturday and Sunday

Where: 16781 Stagg Street Hangar C3 & C4 | Van Nuys

What: Visit the Valley’s beloved Museum of Pop Culture this weekend! The Valley Relics Museum invites you to join them for a day full of nostalgia and fun. Their one-of-a-kind museum.

 

Conejo Valley Weekend Events | February 2 – February 4 

Zine Lab at the Museum of Ventura County in Ventura

When: February 2

Where: Museum of Ventura County | 100 E Main St, Ventura

What: The Museum of Ventura County’s Zine Lab offers a unique community gathering for unleashing creativity. This event invites attendees to explore the vibrant worlds of art, expression, and advocacy. Utilizing the rich resources of the museum’s library, participants can draw inspiration from Ventura County’s diverse heritage.

Moorpark Groundhog Day 5K and 1 Mile Fun Run

When: February 3 

Where: 4500 Tierra Rejada, Moorpark

What: This inclusive event welcomes participants of all ages and abilities. Children 11 and under who complete the 5K will receive a finisher medal. Additionally, there’s a special “Catch the Groundhog” 1-mile fun run for kids 11 and under on the track, with finisher medals awarded to all young participants.

2024 Speakers Series Presents: The First People of the Conejo Valley

When: February 4 

Where: Stagecoach Inn Museum | 51 S Ventu Park Rd, Newbury Park

What: Learn about the indigenous people of the Conejo Valley, the mitsqanaqa’n (Ventureño) Chumash people. Barbara Tejada, Cultural Resource Program Manager for California State Parks, and board chair of the Chumash Indian Museum in Thousand Oaks will talk about the people and the places who first called this valley home and how they continue their traditions today.