In Today’s Edition

• The $1 billion gamble to ensure AI doesn’t destroy humanity

• Private investment in space firms shows ‘signs of stabilization’ in Q2 after steady decline

• Coinbase Staking Pause in Four States Illustrates Regulatory Risk

• Morgan Stanley says India will account for 20% of Apple’s user growth

• Apple Watch Ultra 2 to have 3D printed parts

• This company plans to transplant pig hearts into babies next year

🚀Startups Nuts

The $1 billion gamble to ensure AI doesn’t destroy humanity

Anthropic's founders left OpenAI to create a new firm because they wanted to build a safety-first company from the ground up. The company is currently building a system that is purposely deceptive to see what kind of techniques can prevent malicious behaviors. The goal is to create an AI that continues to lie even when standard reinforcement learning with human feedback is used. Anthropic plans to cede control of its corporate board to a team of experts whose financial benefit from the company will be limited to help keep the company ethical.

Private investment in space firms shows ‘signs of stabilization’ in Q2 after steady decline

Private investment in space companies, especially from venture capital, showed “signs of stabilization” in the second quarter after steady declines over the past year, according to a new report. The report by New York-based Space Capital on Q2 investment pointed to indicators that the space market looks to be near a bottom. Space Capital noted that growth-stage investments are outstripping late-stage, “signaling a healthy top-of-funnel” in the sector’s economy.

🏭Business Nuts

Coinbase Staking Pause in Four States Illustrates Regulatory Risk

Berenberg Capital Markets' equity analysts suggest that Coinbase's recent staking suspension in four states could invite regulatory scrutiny concerning its Earn product. The suspension came after ten states initiated actions to halt the exchange's staking program within their jurisdictions, which is yet another reminder of the considerable regulatory challenges faced by Coinbase. The analysts also think that Coinbase Earn, which offers staking rewards to clients, appears vulnerable to being categorized as a "security." This precautionary step from Coinbase follows Ripple Labs' recent legal victory, where it was ruled that XRP did not breach securities laws.

Morgan Stanley says India will account for 20% of Apple’s user growth

India could account for 15% of Apple's revenue growth and 20% of install growth over the next five years, Morgan Stanley analysts estimated. The analysts increased their price target to $220 and said that India could create $40 billion in revenue for Apple over the next decade.Building a stronger retail and manufacturing base in the country has been a top priority for Apple.

📱Tech Nuts

Apple Watch Ultra 2 to have 3D printed parts

The Apple Watch Ultra 2 is expected to launch this year along with the Apple Watch 9. A microLED version of the watch will launch in 2025. This year's Apple Watch Ultra will come with 3D printed parts. Some of the titanium parts will be 3D printed, even though they will still go through a CNC process. The new process will improve production time and reduce costs.

WormGPT Is a ChatGPT Alternative With 'No Ethical Boundaries or Limitations'

WormGPT is a chatbot designed to assist cybercriminals. Its developer is selling access to the AI on a popular hacking forum. WormGPT doesn't have any guardrails preventing it from responding to malicious requests. It allows its users to do anything blackhat related, for example, it can produce malware and provide tips on crafting malicious attacks. Access to WormGPT currently costs 60 Euros per month, or 550 Euros per year.

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🎁Miscellaneous

This company plans to transplant pig hearts into babies next year

A company based in Massachusetts has developed a technique to edit pigs' genomes so that their organs can be transplanted into other species. The gene-edited pig hearts have so far been transplanted into two infant baboons. Neither of the animals survived beyond a few days. The company is still optimistic and hopes to start human trials next year. Its goal is to be able to transplant pig hearts into babies born with heart conditions in order to buy the infants more time to wait for a human heart.

💡What else are we reading and seeing?

• For the first time in 51 years, NASA is training astronauts to fly to the Moon

• Contra The xAI Alignment Plan

• Wix will let you build an entire website using only AI prompts

• Updated timeline expectations for rollups

• Blowing Up the Crypto Cartel

• The media industry is in turmoil, and that’s not changing

😎Fun Fact

The average person walks the equivalent of three times around the world in their lifetime.

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