• Cash Nut
  • Posts
  • Google deal may have kept Apple from building search engine

Google deal may have kept Apple from building search engine

Plus: Meta Connect 2023: Everything you need to know about Quest 3 VR, Ray-Ban smart glasses, and Meta AI

Author

Cash Nut
September 28, 2023

In Today’s Edition

  • Global Private Debt Report - By PitchBook

  • Billionaire Xavier Niel Invests €200 Million in French AI Push

  • Powerful new EV charger starts field tests in Arizona this weekend

  • Meta Connect 2023: Everything you need to know about Quest 3 VR, Ray-Ban smart glasses, and Meta AI

  • Jony Ive and OpenAI’s Altman reportedly collaborating on mysterious AI device

  • Scientists Intrigued by Drug That Mimics the Effects of Exercise in Mice

🚀Startups Nuts

Private debt funds secured commitments worth $94.9B in H1 2023, crossing last year's tally of $91.4B across the same period, per Pitchbook. Since fundraising is typically stronger in the second half of the year, Pitchbook believes that the yearly total at the end of 2023 will cross the $200B mark for the fourth consecutive year.

Billionaire Xavier Niel is set to invest €200M ($212M) to create an AI research lab in Paris and to invest in startups. Niel has launched the initiative to lure back top French AI engineers who have left abroad to work for big tech firms. With the new initiative, Niel hopes to bridge the AI gap with other nations.

🏭Business Nuts

The Nxu One Charging System is an electric vehicle charger that supports up to 4.5 MW of bi-directional DC power. It can provide far more power than any current EV can accept. EV drivers in Mesa, Arizona with a Combined Charging Standard plug will be able to trial the system this weekend at power outputs of up to 700 kW. Tesla's North American Charge Standard plugs will be installed in future charging stations. Nxu is charging $1 per charge between September 28 and October 1.

A provision in Apple's deal with Google requires that Apple defend the deal should it come under any regulatory challenges. The clause could color how the court views testimonies given by Apple executives. Apple petitioned the court to seal off testimony regarding the terms of the Google default search deal on Monday as it was worried that the testimony would reveal confidential business information. The amount of secrecy allowed in the Google antitrust trial is unprecedented.

📱Tech Nuts

Meta's annual Connect conference has started, which means lots of new hardware announcements. This article sums up the most important announcements from the keynote. The announcements covered the Meta Quest 3, Xbox Cloud gaming on the Quest, a new foundational model for image generation called Emu, Ray-Ban Meta smart glasses, and Meta AI.

Jony Ive and Sam Altman are reportedly working on the design of a new AI device. It is unclear what the device may be. Many people are speculating that it is a re-imagining of a smartphone that relies heavily on generative AI. Masayoshi Son, the CEO of SoftBank, is also reportedly part of the talks. Not much else is known about the device.

🔥Newsletter Spotlight

  • Check out Morning Brew - Get smarter in 5 minutes with Morning Brew (it's free) - Link

  • See Stat Significant is a weekly newsletter featuring data-centric essays about culture, economics, sports, statistics, and more - Link

🎁Miscellaneous

A newly developed compound called SLU-PP-332 appears to imbue mice with the benefits of exercise without physical activity. The drug appears to lead to a faster metabolism and more energy and endurance. It works by targeting proteins that activate the body's most energy-hungry tissues. Research on the compound has so far been restricted to mouse models only.

💡What else are we reading and seeing?

😎Fun Fact

The most valuable currency note ever printed was the $100,000 bill, featuring Woodrow Wilson, but it was only used for transactions between Federal Reserve Banks

🔥 Hot Deals

  • Dollar Flight Club is offering their Lifetime Membership for $129 (usually $1,690) for the next 24 hours - Link

  • Check out Constant Contact’s AI content generator to help write this post - Link

  • Chat with your enterprise databases using secure generative AI and empower business users in your team to do their own data analyses in seconds - Link

🐦Tweet of the Day

Enjoy The Cash Nut? Consider forwarding it to a co-worker, colleague, classmate, or whoever you think might be interested.

Advertise With us - Link

Keep an Eye on our Weekly newsletter, where we gonna share resources like Financial Models, AI tools, and much more.

That’s it from our side for today.