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In Today’s Edition

• The big AI and robotics concept that has attracted both Walmart and Softbank

• The Thin Line Between Bold and Reckless

• Wheels Of Justice Slow To Accept Legal Tech As Funding Falls

• GitHub Copilot Loses an Average of $20 Per User Per Month

• This trade is where big investors are hiding out amid choppy markets, Goldman Sachs says

• Extreme Parkour with Legged Robot

• FTX Dramatic Escape In 2022: How Consultants Thwarted A High-Stakes Heist

🚀Startups Nuts

The big AI and robotics concept that has attracted both Walmart and Softbank

Symbotic and Softbank have created a joint venture called GreenBox Systems that promises to deliver AI-powered logistics and warehousing to small companies. It will provide its services in facilities that different companies will share. GreenBox aims to help companies that can't afford the multi-million dollar investments required to build and operate such facilities in the same way cloud companies make high-end compute tech accessible.

The Thin Line Between Bold and Reckless

This article explores the Vanderbilt of yesteryear and asks whether we could possibly be as reckless again today. History always repeats itself and looking at it, especially with a lens on the current technology cycle, always yields helpful insights.

Wheels Of Justice Slow To Accept Legal Tech As Funding Falls

Even with the onslaught of AI company funding in the last year, legal tech has slowed significantly. The view from the trenches is there is a lot of noise out there with new companies appearing regularly but not a lot of meat on the bones or sales on the books just yet. It will be curious to see if this is a trend or just a blip.

🏭Business Nuts

GitHub Copilot Loses an Average of $20 Per User Per Month

GitHub Copilot costs users $10 per month, but it is costing Microsoft an average of $20 per user per month. Some users are costing the company as much as $80 per month. This is likely why Microsoft decided to charge a lot more for the AI capabilities in Microsoft 365 Copilot. The costs are also likely why the company is developing its own in-house AI chip sets for its data centers and pushing the adoption of Neural Processing Units across the industry.

This trade is where big investors are hiding out amid choppy markets, Goldman Sachs says

Investors have piled into short-term U.S. government bonds in a bid to wait out the upheaval caused by a blowout in longer-term yields, according to Lindsay Rosner of Goldman Sachs. An auction this week of 52-week Treasury bills at a 5.19% rate was 3.2 times oversubscribed, its highest demand of the year, Rosner said. “They’re saying, ‘I’m now being afforded a lot more yield in the very front end of the curve in government paper’,” Rosner told CNBC in a phone interview, referring to 1-year T-bills.

📱Tech Nuts

Apple is already designing a lighter Vision Pro to fix “neck strain”

Apple has a long history of releasing intriguing first-generation devices followed by second- or third-generation revisions that realize the full potential of the original idea. The company is already working on a next-generation version of its Vision Pro to address early complaints about the yet-to-be-released first-generation model. It aims to reduce the device's size and weight as it is apparently causing neck strain among some testers. The company is also considering changing the way prescription lenses are built into the headset and looking into a lower-end model.

Extreme Parkour with Legged Robots

This study is an attempt at developing robot parkour on a small low-cost robot with imprecise actuation and a single front-facing depth camera for perception. It shows how a single neural net policy operating directly from a camera image can overcome imprecise sensing and actuation to output highly precise control behavior end-to-end. The resulting robot is able to high jump on obstacles two times its height, long jump gaps two times its length, do handstands, run across tilted ramps, and more. A video of the robot performing different movements is available.

🔥Newsletter Spotlight

🎁Miscellaneous

FTX Dramatic Escape In 2022: How Consultants Thwarted A High-Stakes Heist

FTX staff witnessed hundreds of millions of dollars worth of crypto being stolen in real time on November 11, 2022. The company quickly assembled a team to save the assets. It decided to contact BitGo, which had been in talks with FTX for custody of its crypto holdings, to request the immediate creation of cold storage wallets. While BitGo was creating the wallets, FTX temporarily stored its assets on an employee's personal Ledger Nano hardware wallet. The siphoning of funds stopped once the money was moved to the new wallet and the rescued crypto was eventually transferred to BitGo.

💡What else are we reading and seeing?

• Forty years of programming

• SoftBank’s Arm faces Wall Street scrutiny

• Why mortgage rates are so high

• Venture capital slump continues in Q3

• China’s economy will be hobbled for years by the real estate crisis

• How FTX executives secretly spent $8 billion in customer money

• 10 daily reminders we need to read every morning

• 5 books every entrepreneur should read before starting their business

• What do venture capitalists do?

• Venture Capital Term Sheet: What You Need to Know

😎Fun Fact

The word "mortgage" comes from Old French and means "death pledge," reflecting the long-term commitment of repaying a home loan

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