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In Today’s Edition
SpaceX celebrates major progress on the third flight of Starshi
Why Meta could finally have its Android moment
Genetically modified cow makes milk with human insulin
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🚀Startups Nuts
SpaceX's Starship rocket flew halfway around the world yesterday, accomplishing a key demonstration of its ability to carry heavy payloads into low-Earth orbit. The successful launch builds on two previous flights last year. Thursday's flight tested Starship's payload bay door and performed a precursor test of an in-orbit refueling system. Photos from the launch are available in the article.
Other News
Wiz is acquiring cloud detection and response platform Gem Security for $350M in cash
AstraZeneca bought Amolyt Pharma for $1.05 billion
Together AI doubled its valuation to $1.25B after raising a $106M funding
Luminary Cloud, an engineering SaaS, raised $115 million
CarbonCapture, an air capture startup, raised $80 million
Eclipse Labs, an Ethereum layer-2 developer, raised $50 million
🏭Business Nuts
ByteDance may have to sell TikTok in the US if a proposed bill passes the Senate. Some high-profile investors, including former Treasury Secretary Steven Mnuchin, online video platform Rumble, and former Activision Blizzard CEO Bobby Kotick, have expressed interest in acquiring the app. This article presents a list of known potential buyers along with a primer on companies that have previously tried to purchase TikTok.
Other News
Stripe revealed in its annual letter that it surpassed $1 trillion in total payment volume in 2023, up 25% from 2022. Co-founders and brothers Patrick and John Collison attributed the growth to Stripe's enterprise business, startups adopting its products, and billing and tax services.
IBM on Tuesday told employees in a roughly seven-minute meeting that it's cutting jobs in its marketing and communications division. In December, IBM CEO Arvind Krishna told CNBC that the company was "massively upskilling all of our employees on AI."
Blackstone President Jon Gray highlights the prime moment for real estate investments, marking the sector's prices as having reached their nadir. With a discerning eye on emerging opportunities and a landscape ripe for acquisition, Blackstone prepares to navigate the post-adjustment market landscape.
Adobe's shares experienced a significant drop of up to 11% in extended trading, despite outperforming earnings expectations for Q1, due to a revenue forecast that didn't meet analyst expectations. The design software giant reported robust year-over-year revenue growth but signaled caution with its upcoming quarter revenue projections, impacting investor sentiment.
Under Armour founder Kevin Plank is returning to the company as CEO on April 1, replacing Stephanie Linnartz, who has held the position for the last year. The company’s stock has dropped 85% since its record high in 2015.
📱Tech Nuts
The Vision Pro may just be an over-engineered devkit. There is some genius and audacity behind some of Apple's hardware decisions - gaze and pinch was a major industry 'a-ha' moment. However, the device's software/content story is dull and unimaginative and most people likely won't use the Vision Pro for watching media. The Vision Pro's debut was the best thing that ever happened to Meta's Quest brand as it elevated VR to a level of mainstream consumer curiosity, set new standards and pricing envelopes for VR devices, and created a competitor for Meta teams to chase.
Other News
OpenAI signed contracts with Le Monde and Prisa Media to use their publications’ French and Spanish news content to train ChatGPT and provide users with real-time updates.
Former President Donald Trump falsely accused Congressional Democrats of using AI to fabricate videos of him fumbling or misremembering words during speeches and interviews. The videos were shown during this week's congressional testimony of Robert Hur, the former Special Counsel who investigated President Joe Biden's handling of classified documents.
Apple acquired DarwinAI, an Ontario-based AI startup, and incorporated its team into Apple's AI division, according to Bloomberg. The deal adds another AI company to Apple's growing portfolio. In the tech race for AI, Apple leads in the number of AI acquisitions as of 2023, securing over 30 AI startups.
Robotics startup Figure AI showcased its first humanoid robot holding a real-time conversation using OpenAI's generative AI. The video comes shortly after Figure signed a deal with OpenAI to develop next-generation AI models for its robotics systems.
Amazon has launched a generative AI tool that creates product pages for sellers. U.S. sellers provide a link their external website, and the GenAI feature will automatically generate product listings for Amazon's marketplace.
StockScent
StockScent analyzes stock market sentiment from internet comments and posts to keep track of the latest meme stocks and the sentiment behind them.
🎁Miscellaneous
Researchers have engineered a cow capable of producing milk that contains human insulin. This could result in an alternative for insulin production. The process involves inserting human DNA coding for insulin into cow embryos. It could dramatically simplify the process and cost of producing the drug. A single cow can produce enough milk every day to supply thousands of type 1 diabetes patients with their daily insulin for an entire month. Scaling up production, ensuring the health and welfare of the transgenic cows, and navigating regulatory approvals are still huge challenges that lie ahead before the process can replace conventional methods of insulin production.
💡What else are we reading and seeing?
The Top 100 Gen AI Consumer Apps
Steve Mnuchin interested in buying TikTok
Boeing plane forced to make emergency landing at LAX
Hedge funds ramp up leverage to near-record highs
Why are so many young people getting cancer?
3 power moves to level up your executive presence
Why you should manage your stressors, not your stress
Why top achievers go old-school and shun digital tools
😎Fun Fact
Current high schoolers most pessimistic generation since 90s
🔥 Few tools many people are finding useful
🐦Joke of the Day
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