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In Today’s Edition
The 4 Steps to Building and Sustaining Moats
Open Release of Grok-1
Tick-killing pill shows promising results in human trial
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🚀Startups Nuts
This article outlines a strategic framework for building and sustaining economic moats in companies, emphasizing a four-step process: identifying a unique market entry point (Wedge), leveraging initial assets to create a self-reinforcing cycle (Flywheel), validating and expanding the company's unique advantages (Moat), and scaling these advantages for sustainable growth (Expand). This approach is designed to guide companies from inception through scaling, with a focus on achieving long-term, defensible competitive advantages.
Other News
Gumroad restricted NSFW content. Founder Sahil Lavingia told TechCrunch the ecommerce platform was encouraged to “be more rigorous” in enforcing its terms of service, but didn’t say by whom
Zscaler acquired Avalor, a data security startup, for $310 million
InDrive, an urban services platform, raised $150 million
Tubulis, an antibody-drug developer, raised $139 million
Together AI, an Nvidia chip reseller, raised $106 million
🏭Business Nuts
Hertz and CEO Stephen Scherr are parting ways. Scherr led the car rental giant out of bankruptcy, buying ~165k EVs for its splashy comeback — which consumers weren’t at all interested in. Hertz recently took a $245m hit selling off 20k of those EVs.
LinkedIn is getting games. While there’s no launch date yet, the networking platform is developing puzzle-based games. Not the most natural pairing, but it makes sense given that parent Microsoft earned $7.1B in gaming revenue last quarter.
Dune: Part Two is the highest-grossing film of 2024 so far with $500m in global box office revenue. Dune (2021), released simultaneously in theaters and on HBO Max, grossed $433m.
Super Micro Computer, once a low-profile server manufacturer, has experienced a remarkable surge, eclipsing Nvidia ($NVDA) with a twelvefold increase in share price over the past year. Set to join the S&P 500, Supermicro's strategic focus on AI server production, leveraging Nvidia chips, has positioned it as a pivotal player in the AI revolution.
Binance CEO Richard Teng anticipates Bitcoin to surge past $80,000, fueled by growing institutional investment into crypto-backed ETFs. The introduction of Bitcoin ETFs in the US has initiated a new wave of institutional funds into the market, signaling just the beginning of a significant uptrend, according to Teng.
📱Tech Nuts
xAI has released the weights and architecture for Grok-1. Grok-1 is a Mixture-of-Experts model with 314 billion parameters. The released model is a raw base model checkpoint from the Grok-1 pretraining phase, which means that it is not fine-tuned for any specific application. It was trained from scratch by xAI using a custom training stack.
Other News
US trade regulators launch probe into social news aggregator Reddit over deals it struck with AI companies to license user data to train AI models.
India’s Ministry of Electronics and IT revised its AI advisory to remove the requirement for firms to gain government approval before deploying AI models, following backlash from global entrepreneurs and investors.
Tubefilter
Must-read Creator Economy news. Every. Day.
🎁Miscellaneous
Tarsus Pharmaceuticals is developing a pill that could provide protection against Lyme disease for several weeks at a time. An early-stage trial has shown that it can kill ticks on people for up to 30 days after 24 hours of ingestion. The drug only kills the ticks, rather than the bacteria that causes Lyme disease. It may also protect against other tick-borne diseases.
💡What else are we reading and seeing?
How both Biden and Trump got to 'no' on the US Steel-Nippon merger
Why finding a buyer for TikTok won’t be easy
Goldman CEO is optimistic about 2024 as markets rebound
Boeing’s problems could soon become your problem
What to expect from Nvidia’s big conference
VR Headsets Are Approaching the Eye’s Resolution Limits
Plentiful, high-paying jobs in the age of AI
10 storytelling techniques for business success
How to give great research talks to any audience
Why you should set systems instead of goals
How to read 12 books at once
😎Fun Fact
TikTok Shop sees exponential growth in 2023
🔥 Few tools many people are finding useful
Cykel AI- Automates tasks across the web. Works with your favorite tools
Abel- AI-powered document review for law firms
Synthflow AI- Create conversational AI voice agents without coding
🐦Joke of the Day
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