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In Today’s Edition
The Mixed State of Startup Funding in 2024
Apple Intensifies Talks With OpenAI for iPhone Generative AI Features
Apple Event Rumors: iPad Pro With M4 Chip and New Apple Pencil With Haptic Feedback
In the first Autonomous Racing League race, the struggle was real
Two Forbes 30U30 Founders Transforming Mental Wellness
Forbes 30 Under 30 winners founded Aura to solve the $100B problem - mental wellbeing.
Aura has quickly grown to 8 million users & 100k+ paying subscribers, and attracted investments from legendary Silicon Valley VCs & executives from Spotify, Facebook, and Apple.
🚀Startups Nuts
Startup investors kept a tight hold on their wallets in the first quarter of 2024. Despite an overall cautious tone, early-stage funding grew, led by large Series B rounds in AI, EVs, and green energy. Andreessen Horowitz emerged as the most active investor. Web3 funding bounced back slightly, while cybersecurity funding proved resilient. Asia and Latin America saw declines, with some notable exceptions, while Europe held mostly steady.
Other News
ThreatLocker, an endpoint security company, raised $115 million
Tines, a security automation platform, raised $50 million
Cerevance, a Parkinson’s disease therapies developer, rasied $47 million
Pomelo, a money transfer startup, raised $35 million
🏭Business Nuts
Apple has renewed discussions with OpenAI to use its generative AI technology to power new features coming to the iPhone later this year. The companies were discussing a deal earlier this year, but work between the two parties has been minimal since then. Apple is still in discussions with Google about licensing the Gemini chatbot. It is unclear which provider Apple plans to eventually use.
Other News
Alphabet has flirted with a $2T market cap before, but Friday was the first time the Google parent closed in the double trillions. Its value trails only Nvidia, Apple, and Microsoft, the only member of the $3T club
The FDA approved Pfizer’s first gene therapy to treat hemophilia B, a genetic bleeding disorder. Beqvez will roll out to patients with prescriptions for the whopping price of $3.5m before insurance
📱Tech Nuts
Apple's 'Let Loose' event will be held on May 7 at 7 AM Pacific Time. There is a strong possibility that Apple will announce iPad Pros with M4 chips, a new Apple Pencil with haptic feedback, a 12.9-inch version of the iPad Air, and a redesigned Magic Keyboard for iPads. The event will be streamed on Apple's website and YouTube.
Other News
Elon Musk wants to enable Full Self Driving in China and transfer data collected abroad to train its algorithms - Tesla is willing to cooperate with China to achieve mutually beneficial results
Beijing Xinzhida Neurotechnology, backed by the Chinese Community Party, unveiled a brain-computer interface named Neucyber, currently successful in controlling a robotic arm via a monkey
Spy Pet, a service that provided access to over 3 billion Discord messages and information on more than 600 million users, was shut down after Discord investigated and banned affiliated account
Google has introduced a 'Speaking practice' feature for learning English, allowing users to converse with an AI bot on their phones, a tool that began offering feedback on spoken sentences in October 2023 and now supports continuous dialogues
How to earn $10k from your first book (with Nathan Barry)'s
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🎁Miscellaneous
The Abu Dhabi Autonomous Racing League has held its first race. The driverless Dallara Super Formula racers, outfitted with cameras and software, struggled to complete a full lap during qualifying time trials. Cars randomly juked, spun, and stopped during the trial. During the actual race, the lead racer spun out - and two out of the other three remaining cars stopped, unwilling to pass the spun-out car due to their rules. Clips from the race are available in the article.
💡What else are we reading and seeing?
Build your own book-reading bot or search engine with LLM
Google launches AI education course along with $75 million in grants
KKR shelves $10 billion Upfield sale after ADQ talks fall apart
Microsoft beats top and bottom line earnings on cloud strength
How to gossip strategically to get ahead at work
30 areas of life where subtracting can add more
🔥 Few tools many people are finding useful
Higgsfield - Turn selfies into lifelike videos with just a prompt. Make dance trends, and memes with just a selfie
Sana AI- is your ultimate AI assistant for work
Free AI extension - Automate tasks, write emails faster, save time on 10M+ websites
WebWave - An AI-powered website builder that allows you to create a professional website in just 3 minutes
🐦Joke of the Day
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