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Neuralink is recruiting subjects for the first human trial

Plus: The best stuff Sam Bankman-Fried’s parents bought using FTX money 

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Cash Nut
September 20, 2023

In Today’s Edition

  • Santander commits to €100 million fund for Spanish startups

  • My Reflections on my summer in India’s Silicon Valley (7 minute read)

  • How SaaS business models are changing

  • Toyota reveals its plan to catch up on EV battery technology

  • Xbox leak: new Xbox Series X design, next-gen in 2028, and more

  • Google’s AI assistant can now read your emails, plan trips, “double-check” answers

  • The best stuff Sam Bankman-Fried’s parents bought using FTX money

🚀Startups Nuts

Santander committed €67m to a new €100m fund in an effort to help boost Spain’s entrepreneurship ecosystem. It’s always cool seeing large global banks invest in their roots.

In this article, Ashu Garg, General Partner at Foundational Capital, compares Bangalore’s emerging SaaS scene to Silicon Valley, predicting that by 2030, the enterprise software industry will revolve around two poles—Silicon Valley and Bangalore.

The market is tough right now and it's impacting how founders grow their SaaS startups. We’re seeing product-led growth tactics surge, headcount-based growth being less rewarded, pricing changes being used as a strategic lever, and increased focus on reducing cloud costs.

🏭Business Nuts

Neuralink is looking for its first human test subjects for an initial six-year trial. The trial will test Neuralink tech designed to help those with paralysis control devices. The company is looking for people with quadriplegia due to vertical spinal cord injury or ALS who are over the age of 22 and have a consistent and reliable caregiver. The study is not related to the all-encompassing brain computer that Elon Musk has been talking about for years.

Toyota has released a new roadmap showing how it will regain competitiveness and sell 3.5 million EVs by 2030. It is working on four battery technology solutions. Three of the solutions use liquid electrolytes and the fourth is a solid-state battery. The company is also putting a lot of effort into shrinking the height of its battery packs. This article goes into detail about Toyota's plans.

📱Tech Nuts

Unredacted documents from the FTC v.Microsoft case have revealed plans for a new disc-less Xbox Series, a gyro controller, and a next-gen hybrid Xbox in 2028. This is the biggest leak in Xbox history. Xbox chief Phil Spencer has hinted that Microsoft's plans may have changed. This page contains a collection of articles with more details about the leak.

Google Bard is now integrated with Google apps and can double-check answers against web content. It can now also work in over 40 languages. Bard Extensions are opt-in features that let Bard pull data from Google's other services for integration into a Bard conversation. They allow Bard to pull real-time flight and hotel information, suggest YouTube videos about a topic, and more. Data from Google apps used in AI conversations will not be viewed by human reviewers or be used to train future versions of the model.

🔥Newsletter Spotlight

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🎁Miscellaneous

Sam Bankman-Fried's parents are being accused of exploiting their access and influence within FTX to enrich themselves. FTX lawyers are suing them to try to get some of the money back. This article lists some of the things they allegedly received from FTX. These include a $16.4 million property in the Bahamas, funds for donations, expensive hotel rooms, tickets to the Formula 1 Grand Prix in France, and a $200,000 annual salary.

💡What else are we reading and seeing?

😎Fun Fact

The world's most expensive coin, the 1933 Double Eagle, sold for $18.9 million in 2002

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