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- Apple has chosen Baidu's generative AI
Apple has chosen Baidu's generative AI
Plus: Spotify is experimenting with online learning
Cash Nut
March 26, 2024
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In Today’s Edition
GTM Strategies to Reach $250M ARR at ActiveCampaign
Adam Neumann makes a $500 million bid for WeWork that could hit $900 million if financing and diligence firm up
As AI booms, land near nuclear power plants becomes hot real estate
Lucid Motors, an electric vehicle startup raises $1B
Boeing’s CEO Dave Calhoun is stepping down
Spotify is experimenting with online learning
European regulators announce probes against Google, Apple, and Meta
Sewage Solution Turns Wastewater Into Hydrogen Power
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🚀Startups Nuts
ActiveCampaign, a marketing automation SaaS company, implemented various go-to-market strategies to achieve significant growth and a $250 million ARR. These strategies included experimenting with LinkedIn ads, leveraging customer advocacy, creating industry-specific content hubs, hosting educational workshops, exploring affiliate and influencer partnerships, and optimizing conversion rates. They all contributed to increased pipeline and customer engagement in 2024.
Other News
Meatly, a startup focused on lab-grown meat, says it produced the first-ever cans of pet food wet cat food, to be specific with cultivated chicken as the protein source
Lucid Motors, an electric vehicle startup raises $1B from an affiliate of Saudi Arabia's Public Investment Fund
FundGuard, an investment accounting platform, raised $100 million
Pandion, a residential parcel delivery startup, raised $41.5 million
🏭Business Nuts
Adam Neumann, former WeWork CEO, has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy. The bid could potentially go up to $900 million pending due diligence. It is unclear how Neumann will finance the offer. The bid may make WeWork's bankruptcy proceedings more complex. The company is seeking to walk away from some of its longer-term commitments in less lucrative markets, but some of its lessors are fighting these efforts.
Other News
Boeing’s CEO Dave Calhoun is stepping down at the end of 2024. The airline’s chairman of the board will also step down, and its commercial airplane unit CEO is out amid ongoing scrutiny over quality and safety concerns.
Nissan announced plans to cut production costs while expanding its EV offerings with 30 new car models, including 16 EVs, over the next three years. It also plans to release 34 new EVs through 2030, when it hopes EVs will constitute 60% of its product offerings.
Spotify is experimenting with online learning. The company is trialing video courses on desktop and mobile for UK users across four categories: “make music, get creative, learn business, and healthy living.
Trump Media & Technology Group is set to start trading on Nasdaq under the symbol $DJT, following its merger with Digital World Acquisition Corp. ($DWAC). This move could net Trump over $5 billion in shares, amid significant anticipation and a 35% surge in DWAC shares ahead of the listing.
📱Tech Nuts
Land near power plants is set to become a hot commodity due to AI. Several data center operators, including AWS and Microsoft, have explored nuclear-powered options for their operations. While most projects are looking to build on the land surrounding nuclear plants, some projects, like Microsoft's, are exploring the idea of installing tiny modular plants to power existing data centers. While small modular reactors are not yet ready for production, there are still more than 400 reactors around the globe to collocate with.
Other News
Engineers use large language models to help robots predict motions to allow them to self-correct after mistakes, continue without needing human intervention.
European regulators announce probes against Google, Apple, and Meta, the first set of investigations under the European Union's new Digital Markets Act antitrust law.
China has issued guidelines prohibiting the use of Intel and AMD CPUs in government offices and servers, planning to switch to domestic alternatives like Loongson and Phytium, despite US blacklists
OpenAI plans to pitch its Sora AI video generator to Hollywood executives next week, according to Bloomberg sources. The company is meeting with studios, media executives, and talent agencies in Los Angeles to forge partnerships and encourage filmmakers to adopt Sora.
Apple has chosen Baidu's generative AI to power features on its iPhones and Macs in China, according to local media. Apple's Ernie Bot is expected to appear on the upcoming iPhone 16 this fall, as well as future versions of Mac and iPhone operating systems, China Star Market reported.
HeadlineToGo's
From Kevin Durant & Rich Kleiman comes Boardroom's HeadlineToGo— a daily digest of the biggest news in the business of sports, music, & entertainment.
🎁Miscellaneous
Scientists are turning sewage into clean hydrogen fuel with a new catalyst, potentially transforming waste treatment into an energy-creating process. This innovation could help tackle pollution by providing a greener energy source and making industrial hydrogen generation more effective.
💡What else are we reading and seeing?
AI has an energy problem
Sora: First Impressions
A 4,300-year-old Egyptian tomb found with wall paintings
Spectacular images of this month's full Worm Moon
Trader Joe's is raising banana prices for the first time in 20 years
FTX to sell majority of Anthropic stake for $884 million \
Amgen wants in on the booming weight loss drug market
Goldman’s hedge fund clients get more active in crypto options
101 things I would tell myself from 10 years ago
The dark side of big goals
How to give productive compliments
😎Fun Fact
Nvidia vs Bitcoin vs Gold
Returns from Jan 2, 2020 to March 17, 2024
🔥 Few tools many people are finding useful
YOV: Never say goodbye, and maintain your bond forever
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Creatie - Stunning designs for creatives in minutes
Vocab Scrabble - Play Scramble and improve your English with AI
🐦Joke of the Day
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