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Microsoft and Palantir team up
Plus: Amazon Deals Let Shoppers Buy Products on TikTok, Pinterest
Cash Nut
August 09, 2024
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In Today’s Edition
Inside Silicon Valley's Grand Ambitions To Control Our Planet's Thermostat
Disney announced price increases for its streaming services
Duolingo reported a net income of $24.4m a 500%+ YoY increase
M4 Mac Mini to Become Apple's Smallest Ever Computer With Complete Redesign
Google doubles down on Gemini 1.5 Flash and AI studio
Are synthetic wombs the future of childbirth? New Chinese experiment sparks debate
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🚀Startups Nuts
Private interests have pumped hundreds of millions of dollars into reversing climate change in recent years. These private investment organizations claim that they have been forced to act as governments and the academic world have been dawdling. There is little regulation to govern geoengineering. This article looks at different projects in the space and their challenges.
Other News
FLYR, a "revenue operating system" for airline and transportation companies, raised $225m in Series D funding
Rewst, a Tampa, Fla., automation platform for MSPs, raised $45m
Freshpaint, an SF health care privacy platform, raised a $30m Series B
Aidatify, a DeFi data analysis company, raised $17.5m in Series A funding at a $150m valuation
Levitate, a Raleigh, N.C.-based CRM software startup, raised $15m in Series D funding
Syso, a Boston-based marketplace for renewables and battery storage assets, raised $14.5m in Series B funding
Cocoon, a steel and concrete decarbonization startup, raised $5.4m in pre-seed funding
🏭Business Nuts
Amazon has partnered with TikTok and Pinterest to let their users buy products on its platform without leaving the social media apps. The deal enables users to link their social media profiles to their Amazon accounts and buy products directly from ads. Users will see real time pricing, Prime eligibility, delivery estimates, and product details in-app. The deal follows similar arrangements with Meta and Snap.
Other News
Mortgage rates have fallen to their lowest level since April 2023, reaching a daily average of 6.34%, according to a Redfin report.
Disney announced price increases for its streaming services, with Disney+ increasing to $9.99 with ads and $15.99 without ads, Hulu rising to $9.99 with ads and $18.99 without, and ESPN+ is increasing to $11.99 per month.
Duolingo reported a net income of $24.4m a 500%+ YoY increase in its fifth consecutive profitable quarter. It now has 100m+ daily active users and 8m paid subscribers.
TKO Group Holdings, the bellicose business atop WWE and UFC, is thriving. Its record $851m quarterly revenue was led by UFC’s 29% annual revenue growth.
📱Tech Nuts
The Mac mini is getting its first major redesign since 2010. The new Mac mini will be almost the size of an Apple TV and continue to feature an aluminum shell. There will be two versions, one with the standard M4 chip and one with an M4 Pro chip. The base model is set to begin shipping from suppliers this month while the high-end model will not be ready until October.
Microsoft Corp. and Palantir Technologies Inc. are combining their government cloud-computing and artificial intelligence tools in a bid to sell software, including OpenAI’s GPT-4, to US defense and intelligence agencies for top-secret tasks.
Other News
A report from OpenAI on the safety review it conducted on its new voice mode revealed a risk of users becoming too reliant on ChatGPT for companionship.
Google DeepMind's AI-powered robotic table tennis player is capable of competing at an amateur human level.
Zico Kolter from Carnegie Mellon joins OpenAI’s Board as the technical AI safety expert. He’ll also join the Safety & Security Committee
Google doubles down on Gemini 1.5 Flash and AI studio. Gemini 1.5 Flash prices are now slashed by up to 78%. AI Studio, their app for testing these AI models now supports 100+ languages and gets easier access through Google Workspace.
🎁Miscellaneous
Chinese researchers recently announced a groundbreaking synthetic womb experiment without the use of extra corporeal membrane oxygenation (ECMO). ECMO allows for oxygenation of fetus blood after removal from the mother's body, bypassing the heart and lungs, allowing these organs to rest and heal. It is expensive and comes with risks such as blood clots and infections. An ECMO-free artificial womb would significantly lower costs - the operating costs of ECMO are around $9,000 a day.
💡What else are we reading and seeing?
The AI trade is losing its luster
Engineering the First Fitbit: The Inside Story
Why are so many car YouTubers quitting?
DOJ antitrust chief is ‘overjoyed' after Google monopoly verdict
Why Google decided now's the time to move on from Chromecast
5 tough but worthwhile self-care practices
🔥 Few tools many people are finding useful
🐦Joke of the Day
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