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- Google CEO says more job cuts are needed in 2024
Google CEO says more job cuts are needed in 2024
Plus: I spent the morning with the Apple Vision Pro
Cash Nut
January 18, 2024
In Today’s Edition
Venture Backed or Bootstrapped? There’s a Third Way: Just Raise One Round
Asset-Light Software Businesses: The New Paradigm For Startups
Amazon reportedly unsatisfied with a paid version of Alexa, faces internal conflict
Everything Samsung announced at its Galaxy S24 event today
I spent the morning with the Apple Vision Pro
Meet Helios, a new class of space tug with some real muscle
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🚀Startups Nuts
There’s a lot of debate about whether raising capital or bootstrapping your way to success leads to better outcomes for founders. Perhaps there’s an alternative to chasing the venture dragon and raising multiple rounds – instead, just raise one round to get liftoff and build sustainably from day one.
In the late 2010s, startups were advised to raise substantial venture capital for fixed costs like software and sales, but this paradigm is shifting towards variable costs and asset-light models, driven by the commoditization of software and advancements in generative AI. This transformation is challenging traditional venture capital models, creating new opportunities for business developers and hyperscale cloud providers in a more variable cost-driven software industry.
🏭Business Nuts
Google CEO Sundar Pichai has warned employees that more job cuts are coming this year. The company leadership is preparing its AI goals for the year and will publish its 2024 objectives and key results this week. Pichai says that the layoffs won't be at the scale of last year's reductions and will not touch every team. Alphabet shares jumped 55% last year and its revenue in the third quarter returned to double-digit growth alongside a rebound in the digital ad market.
Amazon has been working on a paid subscription for Alexa, but there have been company conflicts revolving around the new technology. Alexa Plus will supposedly feature all the functionalities that the current Alexa offers, but with a more personalized and conversational AI. It is expected to launch on June 30. Amazon has been struggling to improve the AI, which still provides inaccurate information, and reduce costs.
📱Tech Nuts
Samsung just held its Galaxy Unpacked event, announcing three new smartphones to start the new year. It also introduced an artificial intelligence platform. The Galaxy S24 Ultra has a 6.8-inch QHD+ Dynamic AMOLED 2X display with a 1-120Hz refresh rate. The Samsung Galaxy S24 boasts a 6.2-inch FHD+ Dynamic AMOLED 2X display that supports a 1-120Hz refresh rate, and the Galaxy S24 Plus features a 6.7-inch QHD+ display. All phones come with Samsung's new Vision booster, which enhances outdoor visibility with its 2,600-nit peak brightness. Galaxy AI includes five key features: Live Translate, Interpreter, Chat Assist, Note Assist, and Transcript Assist.
Apple is giving select members of the media Vision Pro demos this week. This article describes to readers what the experience is like. The demo aims to walk through as many elements as possible in roughly 60 minutes, from face scans to the spatial desktop to movie watching, while unfortunately skipping over gaming. The author wasn't fully convinced the device was a compelling buy at $3,500 as the price is prohibitively expensive for the majority of people interested in the system and there is still a lack of Vision Pro-specific apps on the system.
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🎁Miscellaneous
Space tugs are miniature spacecraft that ferry small satellites to designated orbits. They are particularly useful for satellites that launch as part of a rideshare mission that seek to reach a different altitude or inclination than that of the primary payload. Impulse Space has built an in-space tug that can haul bigger satellites to more distant orbits. Helios is sized to fit within a Falcon 9 fairing and designed to fly on any medium- or heavy-lift vehicle to boost its capability. It will allow satellites to reach geostationary orbit within a day at a much lower cost than current alternatives.
💡What else are we reading and seeing?
How Apple built iCloud to store billions of databases
Microsoft taught Apple nothing
Evaluations are all we need
How to use ChatGPT to build software products
The MBAs who can’t find jobs
Get ready for a strong earnings season
How just 5 hours of intense focus can maximize your productivity
2 psychological tips to be more likable through conversation
9 questions that will tell you how emotionally secure you are
😎Fun Fact
The world's first recorded financial scam was in 1720 when an investor fell victim to a scheme involving the sale of shares in a non-existent company, famously known as the "South Sea Bubble"
🔥 Hot Book of the Day
From Academy Award–winning producer Brian Grazer, New York Times bestseller A Curious Mind offers a brilliant peek into the “curiosity conversations” that inspired him to create some of the world’s most iconic movies and television shows. He shows how curiosity has been the “secret” that fueled his rise as one of Hollywood’s leading producers and creative visionaries, and how all of us can channel its power to lead bigger and more rewarding lives.
Grazer has spent most of his life exploring curiosity through what he terms “curiosity conversations” with some of the most interesting people in the world, including spies, royals, scientists, politicians, moguls, Nobel laureates, artists…anyone whose story might broaden his worldview.
A Curious Mind is not only a fascinating page-turner—it also offers a blueprint for how we can awaken our own curiosity and use it as a superpower in our lives. Whether you’re looking to strengthen your management style at work, uncover a new source of creativity, or become a better romantic partner, this book—and its lessons on the power of curiosity—can change your life.
"It'll encourage you and your partner to engage in novel conversations."
🐦Joke of the Day
Other Recommendation
Fantasy Life's - Link
The Yellowbrick Road's - Link
The Daily Article's - Link
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