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Gemini Ultra is here

Gemini Ultra is here

Plus: Sam Altman seeks to raise up to $7T from UAE

Cash Nut
February 09, 2024

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🚀Startups Nuts

Zededa, an edge management startup, raised $72 million
Elroy Air, an air cargo drone maker, raised $50 million
Proof Technology, an e-filing tech platform, raised $30.4 million
Motif Neuro, a brain stimulation device developer, raised $19 million
Simplify, a startup focused on streamlining job searches and applications has raised a $3 million

🏭Business Nuts

SpaceX is using its drone ships, designed to act as landing pads for rockets, as gateway stations to bolster Starlink's cover at sea.
Sam Altman seeks to raise up to $7T from UAE, SoftBank to build chip plants in U.S. with TSMC’s help
Spotify paid $9B to music industry in 2023, $48B since founding. In the fourth quarter of 2023 it added 28 million total monthly active users overall, to reach 602 million, and gained 10 million Premium subscribers to stand at 236 million
Saudi Aramco plans to sell another $20B in secondary. Set to hire banks including Citigroup Inc., Goldman Sachs Group Inc. and HSBC Holdings Plc for a secondary share sale

📱Tech Nuts

The most promising AI smart glasses are from a brand you've never heard of

Brilliant Labs' Frame smart glasses feature an integrated multimodal AI assistant. It lets users navigate and interact with the physical world with multimodal generative AI agents. The glasses use a wide range of AI models to answer questions. Frame has a front-facing sensor to capture images to answer questions, but it discards the data shortly after. It requires a smartphone with an internet connection to operate. A video introducing the device is available in the article.

Other News

Google has retired the Bard name and rebranded it to Gemini for the launch of Gemini Ultra. Available through a new $20 Google One tier that also includes 2TB of storage as well as the rest of Google One's feature set. The feature will work in Google Workspace apps
Mitchell Baker, one of the co-founders of the Mozilla Project, is stepping down as CEO to focus on AI and internet safety initiatives - the CEO role will be temporarily held by Laura Chambers until a longer-term successor is found.
Apple is working on a foldable iPhone. A new report from The Information reveals the company is developing “at least two” iPhone prototypes that fold horizontally, similar to Samsung’s Galaxy Z Flip devices.
Nvidia has reportedly tapped Intel Foundry Services to ramp up its GPU packaging, which could scale production to 300,000 H100 GPUs per month

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🎁Miscellaneous

The One-person Billion-dollar Company

OpenAI co-founder Sam Altman recently said that a one-person billion-dollar company may soon emerge. This will supposedly be made possible with AI tools as work could be outsourced to an army of artificial intelligence agents. The size of the distribution required, coupled with the ability of anyone to make anything with the same AI tools, makes the one-person billion-dollar company incredibly challenging if not impossible. There's a significant opportunity for ambitious people to build solo businesses in the $1-10 million ARR range, but after that, it's probably best to hire people to help grow anyway.

💡What else are we reading and seeing?

How Good Is Google Gemini Advanced?
Having the courage to be disliked is the key to happiness
5 leadership books to develop a growth mindset in 2024
Why you won’t always love what you do

😎Fun Fact

🔥 Hot Book of the Day

Many workers believe that to compete with other top talent, they must embrace a culture that rewards long hours and a constant connection to work. Businesses and society endorse busyness, overwork, and extreme commitment as the most valued traits in workers.

Sometimes that endorsement is explicit, as when Elon Musk told X/Twitter employees to work "long hours at high intensity" or get fired. More often it's an implicit contract, a buildup of organizational and cultural norms and the adoption of new technologies that make it easy to tether people to work.

Either way, this workaholic behavior is unhealthy and counterproductive for workers and for organizations. It's time to fight back. Malissa Clark—a preeminent researcher on the culture of overwork—shows you how in Never Not Working.

Clark examines overwork and burnout, not just from the individual's perspective but from an organizational perspective too. She delivers a comprehensive, nuanced definition of workaholism, busting myths along the way—working long hours, it turns out, doesn't automatically make you a workaholic.

She also helps you assess whether you're falling prey to the phenomenon and whether you're creating workaholics in your organization.

“The always-on, hustle culture creates an unhealthy, counterproductive relationship with work.”

🐦Joke of the Day

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