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- Microsoft completes 69bn takeover of Call of Duty
Microsoft completes 69bn takeover of Call of Duty
Plus: Bumble CEO’s ‘crazy hacks’ that grew company into 1.9 bn
Cash Nut
October 16, 2023
In Today’s Edition
Startup Aims to Build Hundreds of Chip Factories with Prefab Parts and AI
Investors want more startup GHG data
Microsoft completes $69bn takeover of Call of Duty maker Activision Blizzard
Bumble CEO’s ‘crazy hacks’ that grew the company into $1.9B
Google.com tests a news-filled homepage, just like Bing and Yahoo
Apple’s cheaper Vision Pro follow-up still won’t be cheap
NASA just launched the Psyche mission—no one knows what it will find
🚀Startups Nuts
Nanotronics is a New York-based industrial AI company that wants to build an AI-enabled chip factory that can be assembled and expanded modularly with prefab pieces. Its Cubefabs system uses AI to take away the need for the specialization normally needed in a lab and allow people who are not semiconductor experts to work at the facilities. Each facility will need only about 30 people to operate. The bulk of each facility can be flat-packed and put in a shipping container.
Some investors are asking their portfolio startups to submit detailed greenhouse gas emissions (GHG) data in a bid to derisk climate investments. The data helps investors safeguard against future regulations and understand their progress toward their net-zero targets. The news comes against a backdrop of increased GHG data disclosure requirements mandated by European regulators. Investors are asking portfolio companies for Scope 1 and 2 emissions data, with some asking for life-cycle assessments (LCA) as well.
🏭Business Nuts
The deal for Microsoft's takeover of Activision Blizzard, which took almost two years to close, involves Microsoft transferring the cloud gaming rights for Activision's content to Ubisoft for 15 years outside the European Economic Area.
Bumble's CEO, Whitney Wolfe Herd, implemented unconventional marketing tactics to promote the dating app, such as distributing branded items and hanging signs on college campuses. These creative strategies resulted in significant user growth and validated her vision. Despite facing rejection and criticism, Wolfe Herd remained resilient, eventually taking the company public and becoming the youngest female founder. Bumble Inc., which owns Bumble and Badoo, now holds a market capitalization of $1.91 billion.
📱Tech Nuts
Google's latest experiment has its homepage filled with rows of news articles. The experiment is being run in India and might never see a wide launch. Even if it does launch, it could be an optional setting or alternative mode, with the traditional white page still available as an option. Google used to have a feature that allowed users to customize their home pages with various news, weather, and stock widgets.
Apple is apparently aiming for a price point between $1,500 and $2,500 for its more affordable follow-up to the Apple Vision Pro. The cheaper version will likely ditch the external display, run on an iPhone-grade chip, have fewer cameras, and get lower-resolution screens inside. Apple has reportedly shifted people away from its technically challenging AR glasses project to prioritize the development of the friendlier-priced version of the headset.
🔥Newsletter Spotlight
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🎁Miscellaneous
Psyche is an asteroid 2.2 billion miles away that is likely the exposed core of a failed planet. If all goes well, the Psyche spacecraft will settle in an orbit around the asteroid in 2029. Scientists are quite confident that the asteroid is largely made of metal. The Psyche mission's findings will have important implications for asteroid mining.
💡What else are we reading and seeing?
Why We Don’t Ship Software as Fast as We Used To
A Wild Idea to Protect the Great Barrier Reef
The Half-Life of the AI Stack
Instagram added ability to create custom IG Stories stickers
IPOs are in a rut
Why the Fed has a ‘Lemonhead’ problem
Inside SBF’s defense strategy against star witness Caroline Ellison
7 ways reading can improve your leadership
Top 3 books for aspiring CEOs and everyone else
How to stop your amygdala from hijacking emotions
If you’ve never used these 4 phrases, you’re a better boss than you think
😎Fun Fact
The "Bailout Bag" is a nickname for a fund set aside by financial firms to rescue employees in the event of a market crash
🔥 Hot Book of the Day
Broken Money explores the history of money through the lens of technology. Politics can affect things temporarily and locally, but technology drives things forward globally and permanently.
The book's goal is for the reader to walk away with a deep understanding of money and monetary history, both in terms of theoretical foundations and practical implications.
From shells to gold, from papyrus bills of exchange to central banks, and the invention of the telegraph to the creation of Bitcoin, Lyn Alden walks the reader through the emergence of new technologies that have shaped what we use as money over the ages.
Beyond that, Alden explores the concept of money at its very foundation to give the reader a framework to analyze and compare different types of monetary technologies and theories.
The book also takes a distinctively human look at how money impacts the lives of real people, and how new monetary technologies shape the power structures within society.
“Europe and Japan had $18 trillion worth of negative-yielding bonds in 2019, right before a wave of inflation wiped their purchasing power away.”
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