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In Today’s Edition 

• Will This Be Perplexity AI's Moat?

• The Opaque Investment Empire Making OpenAI's Sam Altman Rich 

• Spotify is cranking up premium pricing again

• Ford’s new Detroit tech campus is almost open

• Sony Pictures is embracing generative AI to cut costs 

• Nvidia has announced a new generation of AI chips

• Male birth control gel is safe and effective, new trial findings show 

🚀Startups Nuts

Will This Be Perplexity AI's Moat?

The AI industry is rapidly evolving and various companies are competing for user loyalty through differentiated offerings. Perplexity AI has launched a new feature called Pages that enables users to collaborate with AI to create rich content from scratch. While the tool is easy to use and can quickly generate pages with source links, it has limitations such as hallucinations, unreliable sources, and difficulty in manual editing. The success of Perplexity Pages will depend on its dataset, which cannot be easily replicated by competitors, and whether it can create a unique user experience.

Other News

• Xcimer, a Redwood City, Calif., nuclear fusion startup, raised $100m in Series A funding

• Storyblok, an Austrian headless CMS, raised $80m in Series C funding

• AcuityMD, a Boston-based targeting platform for medical device companies, raised $45m in Series B funding

• Euler Motors, an Indian commercial EV maker, raised $24m in Series C extension funding

• Materna Medical, a Mountain View, Calif., developer of women's pelvic health devices, raised $20m in Series A funding

• Saarma, a Spanish solar panel installation startup, raised €9m in Series A funding

🏭Business Nuts 

The Opaque Investment Empire Making OpenAI's Sam Altman Rich 

Sam Altman is one of Silicon Valley's most prolific and aggressive individual investors. He manages an investment empire with holdings worth at least $2.8 billion as of early this year. Much of the portfolio isn't widely known. This article takes readers through what's known about Altman's investments.

Other News

• Spotify is cranking up premium pricing again a year after its first increase. A Premium subscription in the US will jump $1 to $11.99 and a Duo subscription will increase by $2 to $16.99 a month.

• The NYSE temporarily halted trading on ~50 stocks Monday after a “technical issue” incorrectly showed large price fluctuations. At one point, Berkshire Hathaway appeared to be down 99%, but nope, the website was wrong.

• Ford’s new Detroit tech campus is almost open. The project cost $950m, took six years, and spans a 30-acre campus, with 1.2m square feet of commercial space surrounding the 18-story converted Michigan Central Station.

• X tweaked its rules over the weekend and will now formally allow users to post consensual adult content — both real and AI-generated — as long as it’s labeled with content warnings.

• Japanese billionaire Yusaku Maezawa has nixed his lunar flight with SpaceX as the means of transportation, Starship, is still in development. Maezawa said the spacecraft was supposed to be ready by the end of 2023 but “it is what it is.

• Skydance Media, Paramount Global reportedly agree to terms of a merger deal valued at $8B, with official announcement expected in coming days; Paramount's annual shareholders meeting takes place today.

• Nvidia stock ripped higher Monday after CEO Jensen Huang revealed details about the company's next AI chip platform during his keynote at the Computex conference in Taipei.

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📱Tech Nuts

Instagram confirms test of ‘unskippable' ads 

Instagram is testing unskippable ads. The ads display a countdown timer and stop users from being able to browse through more content on the app until they view the ad. Instagram has shifted over the years to become more of a video-sharing network, so it makes sense that it is considering becoming more like YouTube. The majority of reactions to the feature have been negative.

Other News

• Nvidia has announced a new generation of AI chips, called "Rubin," just months after unveiling its previous "Blackwell" model. CEO Jensen Huang has pledged to release new AI chip technology on a one-year basis, faster than the company’s previous two-year timeline.

• Sony Pictures is embracing generative AI to cut costs and streamline production for movies and TV shows. Sony CEO Tony Vinciquerra stated that the company will be "looking at ways to use AI to produce films for theaters and television in more efficient ways."

• AMD plans for its CPU, neural processing unit (NPU), and graphics processing unit (GPU) architectures to power AI infrastructure in data centers.

• Microsoft is about to launch Recall, an AI-powered feature that takes screenshots of your screen every five seconds and records interactions with your PC, to give you “an explorable timeline of your PC’s past”—however security experts are warning that it could be a “disaster” for cybersecurity.

🎁Miscellaneous

Male birth control gel is safe and effective, new trial findings show 

A birth control gel for males, which contains testosterone and a synthetic hormone called Nestorone that reduces sperm production, is showing promise in clinical trials. Researchers recently presented encouraging phase 2 trial results on the hormonal gel. The second part of the two-part trial is still underway, but initial findings have found that the contraceptive works faster than expected. On average, the time for effective contraception was eight weeks. This article also covers some other types of male birth control currently under development.

💡What else are we reading and seeing?

• E*Trade considering kicking meme-stock leader Keith “Roaring Kitty” Gill off platform

• How to deal with feelings of not being good enough

• The logical way to find a life partner

• Why referent power is the ultimate form of influence

😎Fun Fact

Still using an iPhone 5S? You’re officially a dinosaur. The phone, the first with a Touch ID fingerprint scanner, is now on Apple’s defunct device list, meaning Apple ain’t helping you if it breaks. Makes sense, as we’re about to see iPhone 16.

🔥 Few tools many people are finding useful

• Penny AI - An AI shopping tool with seamless price comparison, similar items discovery, and automated pros and cons analysis

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• Peech - An AI-powered video automation platform that automatically generates branded videos at scale (link)

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