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In Today’s Edition 

• Everything you know about the podcast industry is a lie

• Fundraising decks of renowned unicorns

• Nikola founder Trevor Milton to be sentenced for federal fraud charges

• Cruise is in danger of becoming GM's latest trendy venture that doesn't pay off

• Why Vision Pro Will Change Photography 

• World’s first “self-amplifying” vaccine approved in Japan 

🚀Startups Nuts

Everything you know about the podcast industry is a lie

Well, not really, but the industry is certainly having a bad time. Spotify recently laid off 17% of its workforce, citing overspending on podcasting throughout 2021 and 2022 and the resulting underperforming impact on revenues.

Fundraising decks of renowned unicorns

By now, we’ve all heard the rules around making great decks. No more than 10 slides, keep it concise, and no videos. It’s interesting looking back at these early decks from 10 successful companies and seeing how their decks break all of this known wisdom.

🏭Business Nuts 

Nikola founder Trevor Milton to be sentenced for federal fraud charges

Nikola founder Trevor Milton was found guilty in October 2022 on two counts of wire fraud and one count of securities fraud. Milton faces up to 60 years in prison. However, federal prosecutors in New York last week recommended a sentence of 11 years imprisonment. Milton faces up to 60 years in prison. However, federal prosecutors in New York last week recommended a sentence of 11 years imprisonment.

Cruise is in danger of becoming GM's latest trendy venture that doesn't pay off

Cruise, which is laying off 24% of its workforce, has quickly gone from one of General Motors’ greatest business opportunities to a growing liability. Cruise, which is laying off 24% of its workforce, has quickly gone from one of General Motors’ greatest business opportunities to a growing liability. GM appears to believe it can eventually move forward with Cruise. GM CEO Mary Barra said the automaker is “very focused on righting the ship” at Cruise.

📱Tech Nuts

Meta's Ray-Ban Glasses Added AI That Can See What You're Seeing 

Meta's second-generation Ray-Ban glasses can interpret scenes and make judgments using generative AI. A new update is rolling out a feature that uses the on-glasses cameras to look at images and interpret them. The update also brings Bing-powered search to the glasses. This article contains some examples of how the feature can be used.

Why Vision Pro Will Change Photography 

Apple's Vision Pro will redefine our relationship with visual media and content, creating many new possibilities for photographers and filmmakers. Spatial video is a mixed-reality video format that allows videos to record the depth and spatial information of a scene, creating a more immersive three-dimensional experience. It is able to create super immersive photos and videos that look amazing on the Vision Pro. It will not be long before creators start thinking of using the technology to tell a story.

🎁Miscellaneous

World’s first “self-amplifying” vaccine approved in Japan 

Japan recently approved a COVID-19 vaccine that triggers the body to produce an enzyme that makes copies of its antigen mRNA. It is the first fully approved self-amplifying RNA vaccine. The technology allows smaller doses of the vaccine to achieve the same level of efficacy as current vaccines with cheaper shots, shorter manufacturing times, and fewer side effects. Self-amplifying RNA vaccines could prove to be a powerful weapon in the fight against cancer.

💡What else are we reading and seeing?

• Prompt engineering

• Why Should You (Or Anyone) Become An Engineering Manager?

• RAG to Riches

• If AI is making the Turing test obsolete, what might be better?

• Breaking into VC: The Rough Guide

• The unfortunate math behind consulting companies

• AI job losses are rising, but the numbers don’t tell the full story

• How Taylor Swift became part of this year’s economic story

• It’s Biotech stocks’ time to shine

• How leaders fake psychological safety

😎Fun Fact

Paper currency first developed in Tang dynasty China during the 7th century

🔥 Hot Book of the Day

Silicon Valley is known for its lavish perks, intense work culture, and spiritual gurus. Work Pray Code explores how tech companies are bringing religion into the workplace in ways that are replacing traditional places of worship, blurring the line between work and religion and transforming the very nature of spiritual experience in modern life.

Over the past forty years, highly skilled workers have been devoting more time and energy to their jobs than ever before. They are also leaving churches, synagogues, and temples in droves―but they have not abandoned religion.

Carolyn Chen spent more than five years in Silicon Valley, conducting a wealth of in-depth interviews and gaining unprecedented access to the best and brightest of the tech world. The result is a penetrating account of how work now satisfies workers’ needs for belonging, identity, purpose, and transcendence that religion once met.

Chen argues that tech firms are offering spiritual care such as Buddhist-inspired mindfulness practices to make their employees more productive, but that our religious traditions, communities, and public sphere are paying the price. 

We all want our jobs to be meaningful and fulfilling. Work Pray Code reveals what can happen when work becomes religion, and when the workplace becomes the institution that shapes our souls.

“How tech giants are reshaping spirituality to serve their religion of peak productivity.”

🐦Joke of the Day

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