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Apple and Goldman were planning stock-trading feature for iPhones

Plus: Amazon is set to supercharge Alexa with generative AI

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Cash Nut
September 21, 2023

In Today’s Edition

  • JOKR now valued at $800M after bagging about $50M in Series D funding

  • Bill Clinton, Israeli Billionaire Launch $1 Billion Climate Fund

  • Tesla might have 2 million Cybertruck reservations, tally says

  • OpenAI’s new AI image generator pushes the limits in detail and prompt fidelity

  • Amazon is set to supercharge Alexa with generative AI

  • For the first time, researchers decoded the RNA of an extinct animal

🚀Startups Nuts

Online grocery delivery startup JOKR raised a down round with a 40% lower valuation than its previous round. Wine and spirits giant Pernod Ricard's investment division Convivialité Ventures led the $50M Series D funding round at a $800M post-money valuation. JOKR's founder and CEO, Ralf Wenzel, accepted the 40% valuation haircut as it reflected the current market conditions and came without any additional preferences and board seat requirements.

Former President Bill Clinton and Israeli billionaire Ziv Aviram launched a $1B climate fund called EcoBridge Impact. The fund will back startups working on addressing the challenges posed by global warming. Clinton will serve as the chair of the advisory board.

🏭Business Nuts

Apple and Goldman Sachs were working on an investing feature that would let customers buy and sell stocks in 2020. The project was canceled as the markets went south last year. It was meant to roll out in 2022 and allow iPhone users to put money into Apple shares. The infrastructure for the feature is mostly built and ready to go, should Apple eventually decide to move forward with it.

Tesla received over 250,000 reservations for the Cybertruck within a week of its unveiling and continued getting hundreds more reservations every week since. Two years later, the tally, which now includes over 47,000 self-reported reservations, put the total Cybertruck reservations at over 2 million:

📱Tech Nuts

DALL-E 3, OpenAI’s latest text-to-image generator, will be available to ChatGPT Plus and Enterprise customers in early October. OpenAI has yet to release any technical details about the model. DALL-E 3 refines small details like hands more effectively and can create engaging images without hacks or prompt engineering. Examples of images generated with DALL-E 3 along with their prompts are available in the article.

Amazon unveiled an all-new Alexa voice assistant powered by a large language model during its fall hardware event on Wednesday. The new Alexa can understand conversational phrases and respond appropriately, interpret context more effectively, and complete multiple requests from one command. It could take home automation to the next level. Amazon will roll out the new assistant slowly to customers in the US through a preview program in the coming months.

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🎁Miscellaneous

Researchers have successfully extracted and decoded RNA from a thylacine. The sample was taken from a roughly 130-year-old museum specimen. The research could help scientists in bringing the species back from extinction. It also helped transform the way scientists view museum and archive specimens.

💡What else are we reading and seeing?

😎Fun Fact

The first recorded stock exchange was in Amsterdam in 1602, where the Dutch East India Company became the world's first publicly traded company

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