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In Today’s Edition
Swedish battery unicorn Polarium secures €36.7M to fuel its growth journey
Atomicwork connects workers and their companies
Bezos snubbed Musk’s SpaceX for huge satellite launch contract, Amazon shareholder says
Apple could bring spatial photos to 'the iPhone Ultra' after the Vision Pro release
Meta and LG are reportedly working together on a new Apple Vision Pro competitor
Can We Talk to Whales?
🚀Startups Nuts
Polarium builds energy storage and optimization solutions built on lithium-ion battery technology for businesses within telecom, commercial, industrial, and residential facilities worldwide. The company's sales reached $171M in 2022, while its net profit reached $56M. Polarium is backed by investors such as Alecta, Formica Capital, and Absolute Unlisted. The company is based in Stockholm, Sweden.
Atomicwork is an AI assistant for HR and IT departments in mid-market companies. It has $11M in seed funding and uses conversational AI to learn from company wikis, policies, FAQs, and historical tickets to answer employee questions. It targets mid-market companies with 500 to 2,000 employees and plans to expand to other employee support teams. The goal is to become a business service management suite for internal teams.
🏭Business Nuts
Instacart’s long-awaited IPO prospectus last week turned controversial in a way the grocery-delivery company wasn’t anticipating. The filing spelled out how much money the company is spending on Snowflake, and showed what appeared to be a steep decline in 2023. The confusion led Snowflake to publish a blog post this week, stating that its technology is used “by nearly every team within Instacart.”
An Amazon shareholder lawsuit alleges the company snubbed SpaceX for valuable satellite launch contracts because of Jeff Bezos’ personal rivalry with Elon Musk. Cleveland Bakers and Teamsters Pension Fund, or CB&T, filed the shareholder complaint. Amazon said “the claims in this lawsuit are completely without merit, and we look forward to showing that through the legal process.”
📱Tech Nuts
A leaker claims that a future iPhone model may be able to take spatial photographs and videos that could be viewed by the Apple Vision Pro headset. Apple's Vision Pro has a three-dimensional camera capable of taking spatial photographs and videos. Current cameras will likely not be able to create 3D images good enough to be used in the headset. Apple will need to include an extra sensor on the opposite end of the rear of the iPhone to offer quality spatial photography.
A new report suggests that Meta has been working with LG to build a new VR headset. The partnership involves working with many LG subsidiaries, such as LG Electronics, LG Energy, LG Innotek, and LG Display. Meta appears to be interested in targeting both premium and entry-level segments. The headset will apparently launch in 2025 for a price of around $2,000. Meta will launch the Quest 3 around the same time for $499.
🔥Newsletter Spotlight
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🎁Miscellaneous
Sperm whales can generate streams of clicks using a specialized organ in their heads. These clicks can be used for echolocation or communication. Communications using these clicks seem to have the structure of a conversation. The Cetacean Translation Initiative (CETI) is using machine learning to decode these communications. This article takes a look at the current state of CETI's work. Generative AI models may be able to create whale conversations that they understand, even if humans aren't able to understand them.
💡What else are we reading and seeing?
Are leveraged ETFs worth the costs and risks?
How Tiger Global fell to earth
Sculptor raises questions over how to value a hedge fund
Why wealthy customers are the most worrisome for banks right now
Crypto regulation gets even messier after SEC setbacks
Salesforce revs its VC engine in the AI race
The path to lifelong happiness comes down to 7 simple choices
You have the power to change people’s brain chemistry
5 ways to be a stand-out leader and excel in your career
Captivate your presentation audience with these 6 hacks
Why I don’t want to grow my freelance design studio into an agency
😎Fun Fact
The unicorn is Scotland's national animal
🐦Tweet of the Day
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