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What to expect from Google's Pixel 9 event

Plus: Ford Motor Co. unveiled a new lineup of electric bikes

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Cash Nut
August 13, 2024

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In Today’s Edition 

  • Is The Consumer Weak Or Not? Anecdotes From Companies 

  • American workers are stuck in place because everyone is too afraid of a recession to quit 

  • SpaceX will conduct the first-ever human spaceflight over Earth’s poles

  • YouTube is trialing 'Brainstorm with Gemini,

  • Scientists Say They've Figured Out How to Regenerate Knee Cartilage

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🚀Startups Nuts

Investors are uncertain about the health of the U.S. consumer due to mixed economic signals, such as unemployment fluctuations and varied earnings reports. Despite high free cash flow margins in the travel and leisure sector, market sentiment suggests a potential slowdown, with differing performance across industries. While ridesharing and leisure sectors show strong consumer demand, airlines face capacity issues, and online travel agencies report mixed results, reflecting broader economic concerns.

Other News

  • PayZen, an SF provider of health care financing tools, raised $32m in Series B funding

  • Guidewheel, an SF maker of factory ops software, raised $31m in Series B funding

  • MD Ally, a New York-based virtual triage startup, raised $14m in Series A funding

  • FRVR, a Lisbon, Portugal-based gaming distribution platform, raised $12.7m

  • Blitzscale Technology, the parent of retail tech providers WMall and ShopDeck, raised $7.85m 

🏭Business Nuts 

The stagnation in hiring has resulted in a rise of 'stuck' workers who want to quit their jobs but are staying put due to a fear of a potential recession. Americans are quitting their jobs at the slowest pace since the pandemic, despite job satisfaction falling. Job market forecasters say the slowdown in hiring will likely continue.

Other News

  • SpaceX will conduct the first-ever human spaceflight over Earth’s poles before the end of this year, led by Chinese-born cryptocurrency entrepreneur Chun Wang, along with a polar explorer, a roboticist, and a filmmaker.

  • Apple is facing criticism for imposing a 30% commission on Patreon subscriptions made through its iOS app, which could either reduce creators' earnings or increase costs for supporters.

  • Ford Motor Co. unveiled a new lineup of electric bikes inspired by two of its popular brands. Prices for the Mustang e-bike start at $4,000, while the Bronco version starts at $4,500.

  • Blink Fitness, an affordable gym chain owned by Equinox, said Monday that it had filed for Chapter 11 bankruptcy as it struggles to draw customers back to its gyms after the pandemic.

  • China’s WeRide, an autonomous vehicle maker, is eyeing a $5.02B valuation for its US IPO and expects to raise $96m-$119m.

📱Tech Nuts

Google's Pixel hardware event is scheduled for today. The company has already confirmed it will be launching the Pixel 9 and the Pixel 9 Pro Fold at the event. There may be other announcements, such as a smaller Pro option, AI features, the Pixel Buds Pro 2, a Pixel Watch 3, and more. This article summarizes the rumors for all the things Google may present at the event.

Other News

  • A massive data leak affecting around 2.7 billion records may include sensitive personal information for every individual in the US, UK, and Canada.

  • An AI developed by researchers at Middle Technical University and the University of South Australia can diagnose stroke by analyzing the color of a person's tongue.

  • YouTube is trialing 'Brainstorm with Gemini,' a feature that helps creators generate video ideas and thumbnails using Google's AI. Available to selected creators for testing, this tool could differentiate YouTube from competitors by leveraging AI for content creation. 

  • Apple may eventually charge for advanced Apple Intelligence features, but this is expected to be at least three years out. Its initial AI offerings will remain free as the company develops more sophisticated functionalities.

  • Intel has announced the Arc A760A, a discrete GPU for cars aimed at enhancing in-vehicle entertainment with AI-powered features such as voice and gesture recognition.

🎁Miscellaneous

Scientists at Northwestern University have invented a goo that could open the door to regenerating human knee cartilage. The goo mimics the chemical structure of cartilage. Animal subjects who had their joints treated with the biomaterial grew new cartilage within six months. If the goo works in humans, it could benefit people who need knee replacement surgeries, athletes who experience ACL tears, and people who suffer from degenerative diseases like arthritis.

💡What else are we reading and seeing?

😎Fun Fact

On this day:In 1961, Berlin was split into Soviet-controlled East Berlin and West Berlin following WWII

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