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Microsoft's mission to take down the MacBook Air

Plus: Apple and OpenAI partner to incorporate ChatGPT

Author

Cash Nut
May 21, 2024

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In Today’s Edition 

  • Taking Risk by Tom Blomfield

  • Google CEO Sundar Pichai on AI-powered search and the future of the web

  • Jamie Dimon signals upcoming retirement may be sooner

  • Target is reducing prices on 5k of its most popular items

  • Single brain implant restores bilingual communication to paralyzed man 

🚀Startups Nuts

Startup founders in the US imagine the range of possible scenarios and pitch the top one percent outcome. This approach matches what venture Capitalists are looking for - it's an industry based on outlier returns. While most investments will fail completely, some will make a modest return, and a small percentage will be worth a thousand times what was paid initially - these successes easily pay for all of the other failures. The downside of early-stage investing is losing 1x your money, but the upside is that you make 1,000x - this is where you should focus your attention.

Other News

  • R3 Vascular, an artery disease treatment developer, raised $87 million

  • AssetWatch, an asset monitoring firm, raised $38 million

  • Agora, a real estate investment management platform, raised $34 million

🏭Business Nuts 

This article contains an interview with Google CEO Sundar Pichai conducted the day after the Google I/O developer conference last week. Google is building AI into virtually all of its products. The company is currently rolling out AI Overviews in Search, a move that will change the internet ecosystem as we know it. Pichai says that injecting AI into Search is about creating value for users and that users are clicking on links at higher rates in the AI previews. There is a deep tension between Google's vision for the future and the very real fears and anxieties creators and website owners are feeling about how search has changed and how AI might change the internet forever.

Other News

  • JPMorgan shares drop 4.5% as CEO Jamie Dimon signals upcoming retirement may be sooner than believed.

  • Ivan Boesky, former Wall Street titan convicted of insider trading, dies at age 87; Boesky is believed to have been the inspiration for "Wall Street" movie character Gordon Gekko, who delivered the famous line "greed is good".

  • New York attorney general announces $2B settlement with cryptocurrency lending firm Genesis over claims it defrauded investors; company filed for bankruptcy in the wake of the 2022 FTX collapse.

  • Target is reducing prices on 5k of its most popular items mostly grocery and household products to attract budget-conscious shoppers.

  • Red Lobster, which has 578 restaurants and sees 64m customers annually, filed for bankruptcy. The company will be sold to lenders to recover from $1B+ in debt with less than $30m in cash.

  • Hims & Hers Health, which grew by undercutting Big Pharma with generic knockoffs of Viagra and Rogaine, is back at it with a Wegovy dupe that’s ~85% cheaper than the name-brand weight loss drug.

My Favorite Newsletter: Stay ahead on the business of AI 

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📱Tech Nuts

Microsoft recently spent an entire day pitting its new hardware against the MacBook Air. Its new Surface devices, equipped with Qualcomm's Snapdragon X Elite chips, pulled ahead in tests against Apple's category-leading laptop. Microsoft's Copilot Plus PCs feature an improved emulator that can emulate apps twice as fast as the previous generation of Windows on Arm devices. They are equipped with a neural processing unit that can perform more AI task operations per watt than the MacBook Air M3 and Nvidia's RTX 4060. Microsoft's Copilot Plus PCs will hit the market this summer.

Other News

  • The 'Sky' voice offered by ChatGPT sounds like the AI assistant Scarlett Johansson played in the AI romance movie 'Her'.

  • Apple and OpenAI partner to incorporate ChatGPT into upcoming iPhone 16 and iOS18 platforms, reports suggest.

  • ChatGPT's mobile app revenue saw biggest spike yet following GPT-4o launch,which launched May 13, can handle text, speech and video, and delivers real-time responsiveness and a range of emotive voice options.

🎁Miscellaneous

Researchers found that the area of the brain where the intention to speak gets translated into control over the vocal tract produces consistent signals for both English and Spanish, allowing systems trained on English phrases to improve on their recognition of Spanish. The process of detecting these signals is complex, and it can result in high error rates. Piping the output through a large language model resulted in lower error rates. The study showed that the parts of the brain that control the muscles needed to speak aren't picky about which language they're handling.

💡What else are we reading and seeing?

🔥 Few tools many people are finding useful

  • Aiter is for generating advertising strategies and adverts

  • Chatbit is for integrating AI chatbots into websites

  • Flowpoint provides data-driven website analysis

  • ContentPie is for AI-powered content creation

  • Wordtune helps you find plenty of wording alternatives to improve your text

  • BeeDone an application that helps to boost your productivity

🐦Joke of the Day

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That’s it from our side for today.Microsoft's mission to take down the MacBook Air