The end of the Googleverse

Plus: Zuck says he can type 100WPM inside a VR headset

Author

Cash Nut
August 29, 2023

In Today’s Edition

  • SpaceX completes successful hot fire test of its massive Starship rocket

  • Singapore wealth management platform Endowus raises $35M

  • Elon Musk demonstrates Tesla FSD 12 in a live stream on X

  • Tech IPOs are coming back — now they have to perform

  • Zuck says he can type 100WPM inside a VR headset

  • The first observation of neutrinos at CERN's Large Hadron Collider

Together with

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🚀Startups Nuts

SpaceX has completed a second hot fire test of its Super Heavy booster. All 33 Raptor engines ignited during the test and all but 2 ran for the full six-second duration. SpaceX still needs to receive launch approval from the FAA before it can begin its second test flight of the Starship rocket. It is possible that the launch could take place as soon as two or three weeks from now, but further delays are probable.

Singapore-based investment app Endowus secures $35 million in funding from Citi Ventures and MUFG Innovation Partners to expand in Singapore and Hong Kong. Endowus manages over $5 billion in assets under management and saw 80% organic revenue growth in 2022. The company is the only digital wealth platform serving both private wealth and public pension, including Singapore's Central Provident Fund. They plan to replicate their success with Hong Kong's Mandatory Provident Fund. Endowus monetizes only through advisory fees and provides a 100% rebate of all trailer commission fees. Consolidation may occur in the wealthtech industry in the Asia-Pacific region.

🏭Business Nuts

Tesla's Full Self-Driving (FSD) V12 will not be a beta version. The company rolled out FSD Beta v11.4.7 earlier this week. Tesla has been criticized for not being able to demonstrate FSD for several years now, despite Elon Musk's claims about the software back in 2016. Musk recently live-streamed himself driving his personal Tesla Model S using FSD V12 on the streets of California. A recording of the full live stream is available in the article.

Instarcart and Klaviyo filed to go public on Friday, following Arm’s IPO submission earlier in the week. They all have very different stories to tell, and each will help show how much investor demand there is for new tech offerings. With a big pipeline of companies waiting to hit the market, the coming IPOs could determine what the rest of the year looks like.

📱Tech Nuts

Mark Zuckerberg claims that Meta's new VR keyboard is capable of 120WPM speeds. The software is able to turn any flat surface into a virtual keyboard. Meta achieved 73WPM typing speed with its 'surface touch typing' software in 2020. The new virtual keyboard appears to require a QR-code-like symbol as a positional anchor. A video of Zuckerberg typing on the keyboard is available in the article.

Google search has reshaped the web into a place for robots. The emergence of AI is a threat to Google's existence. A growing number of users are complaining about the quality of Google's search results. Google's position as the largely invisible force that determines the ebb and flow of online content is being seriously challenged for the first time in two decades. This article looks at Google's past, the company's role in shaping the web, and how things are changing.

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🎁Miscellaneous

Physicists have managed to observe neutrinos inside a particle accelerator for the first time. While neutrinos are produced abundantly inside particle accelerators, they have so far been difficult to observe due to their very weak interactions with other particles. The neutrinos observed in the study had the highest energy ever recorded in a laboratory environment. The research could pave the way for in-depth studies of the properties of neutrinos and aid in the search for other elusive particles.

💡What else are we reading and seeing?

  • X Adds Additional Information to Creator Ad Revenue Share Payouts

  • YouTube Explains How Shorts Algorithm Works

  • AI fueling rise in cyberattacks

  • A Comparison of the Features of Threads and X [Infographic]

  • Nvidia On the Mountaintop

  • A.I. Brings the Robot Wingman to Aerial Combat

  • OpenAI introduces ChatGPT Enterprise for businesses

  • 3M’s $5.5B settlement is a win for investors

  • Private equity firms try unusual ways to get deals done

  • You’ve heard of quiet quitting, now companies are quiet cutting

  • The army of workers in 'digital sweatshops' behind the AI boom

  • 10 best books on goal setting

  • 4 Ways to Develop Emotional Self-Management at Work

😎Fun Fact

The world's oldest known recipe is a beer recipe from ancient Sumeria, dating back to around 3,900 BCE

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