- Cash Nut
- Posts
- Nvidia announced its new Blackwell chip
Nvidia announced its new Blackwell chip
Plus: Unilever will spin off its ice cream division
Cash Nut
March 20, 2024
In partnership with
In Today’s Edition
Why Product-Led Founders Need Be Comfortable Selling
Meta offers to make ad-free Facebook and Instagram subscription cheaper
Reddit prepares to list on the NYSE with the symbol $RDDT
Unilever will spin off its ice cream division
DeepMind co-founder Mustafa Suleyman will run Microsoft’s new consumer AI unit
Mass human experiment’: Inside Japan’s futuristic $15 billion smart city
Rise and grind, dollar bills!
Put your money to work in a high-yield cash account with up to $2M in FDIC† insurance through program banks.
Get started today, with as little as $10.
🚀Startups Nuts
Many product-focused founders neglect sales until it's too late. However, when a company starts to scale, having a successful sales strategy is as crucial as the product itself. A start-up can live or die on the strength of its sales efforts. This article shares the story of Jyoti Bansal, the founder of AppDynamics, who transformed from being an engineering-centered founder to building a rigorous sales machine
Other News
Together AI, which makes a popular cloud platform for AI, raised $106M
Hippocratic AI, building a large language model for healthcare, raised $53M
Adaptive, which helps enterprises customize AI models, raised $20M
Zephyr AI, raised $111M to build AI for precision medicine
Moove, a fintech for entrepreneurs, raised $100 million
🏭Business Nuts
Meta proposes lowering the subscription price for an ad-free Instagram and Facebook in Europe to €5.99 for a single account to address regulatory concerns. The adjustment aims to resolve issues raised by the EU over the legality of Meta's data collection practices under GDPR and the Digital Markets Act. Consumer groups criticize the paid tier as insufficient, highlighting ongoing concerns about data collection, consent, and the overall implementation of the subscription service.
Other News
Nordstrom stock soared 9% after reports surfaced about the retailer's latest bid to transition to a private entity, with the founding family engaging advisors to gauge interest from private equity. Amid retail sector challenges and a cautious sales forecast for 2024, this move marks a significant turn in Nordstrom's strategy to revitalize its business.
Reddit prepares to list on the NYSE with the symbol $RDDT, it earmarks 8% of its IPO shares for its most active users, betting on community goodwill to navigate its public debut. This strategy unfolds against a backdrop of mixed sentiments among Redditors, some of whom express skepticism, highlighting the platform's challenge in balancing user engagement with financial viability.
Nvidia's shares experienced a rebound, closing up 1% after unveiling its groundbreaking Blackwell AI chips, signaling a stronger foothold in the $250 billion data center market. CEO Jensen Huang's emphasis on Nvidia's unique market-creating software alongside its cutting-edge hardware has reinvigorated investor confidence and analyst optimism.
Coca-Cola is advancing its plan to make half of its packaging with recycled material by 2030: Starting this week, all 20-ounce Coke bottles in the US will be made from 100% recycled plastic.
A New York state judge denied a motion to dismiss a lawsuit claiming Meta, Reddit, 4chan and other social media platforms are responsible for radicalizing Buffalo mass shooter Payton Gendron.
The Commercial Bank of Ethiopia is trying to recover ~$40m after a recent technical glitch allowed customers to withdraw or transfer more money than they had in their accounts. The bank says those who voluntarily return cash won’t be prosecuted.
Unilever will spin off its ice cream division by the end of 2025 as part of a broader restructuring, which will see 7,500 jobs cut for a savings of $870M over three years. The company owns some of the highest-profile ice cream brands in the world, including Ben & Jerry's, Breyers, and Magnum. Shares in the company closed up 3% on the news.
📱Tech Nuts
Microsoft has hired Mustafa Suleyman to run a new consumer AI unit called Microsoft AI. Suleyman is one of Google DeepMind's cofounders and chief executive of AI startup Inflection. Microsoft AI will combine consumer-facing products like Copilot, Bing, and Edge into one team. Microsoft will hire most of Inflection's staff, including AI engineers, researchers, and large language model builders. Inflection will switch its focus from its consumer chatbot to selling enterprise AI software to businesses.
Other News
Nvidia announced its new Blackwell chip, which it says is 7- 30x faster than its H100 chip and uses 25x less power. It’ll cost you, though — one chip is estimated to cost $30k-$40k.
TikTok will now factor a “search value” metric into payouts through its Creator Rewards monetization program. Basically SEO for TikTok, creators will be paid in part based on how well their content answers user searches.
Google's DeepMind unveils TacticAI, an AI-powered model capable of providing strategic suggestions for soccer, including accurately predicting the outcome of corner kicks.
Pika Labs’ new Sound Effects feature is now available to all users, allowing for automatic or custom SFX generations to pair with video outputs.
FryAI
Feel overwhelmed with too much AI news? Every weekday, our experts hand pick the most important AI news and tools so you don't have to. Join for free below!
🎁Miscellaneous
Toyota's Woven City project, located close to the foot of Japan's Mount Fuji, will complete Phase 1 of its development by the end of the year and start trials in 2025. The city will be used to pilot experiments and innovations in personal mobility, automated driving, robots, and artificial intelligence. It will have streets for automated driving, pedestrians, and pedestrians using personal mobility vehicles, as well as underground roads for goods transportation. The project will begin with around 350 residents, mainly senior citizens, families with young children, and inventors. It will help Toyota develop next-generation cars and realize a mobility society in which everyone can move freely.
💡What else are we reading and seeing?
What Apple’s recent research releases says about its AI plans
The 100 most polluted cities, including 83 in India
Is the “AI developer” a threat to jobs – or a marketing stunt?
Saudi Arabia Plans $40 Billion Push Into Artificial Intelligence
How to Start Google
2024 is the year of zirpless memes
The TikTok sales pitch
The best yoga poses for better sleep
Why you should measure success by time, not output
😎Fun Fact
Finland remains #1 in World Happiness Report
🔥 Few tools many people are finding useful
🐦Joke of the Day
Enjoy The Cash Nut? Consider forwarding it to a co-worker, colleague, classmate, or whoever you think might be interested.
Advertise With us - Link
Keep an Eye on our Weekly newsletter, where we gonna share resources like Financial Models, AI tools, and much more.
That’s it from our side for today.