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In Today’s Edition
4 Steps to Speak Like a CEO
Intel CEO Pat Gelsinger's Dream Job Takes a Nightmarish Turn
TikTok has been spending $20 million a month to purchase OpenAI models
Warren Buffett’s Berkshire Hathaway sold 49%+ of its $84.2B Apple
Elon Musk has filed a new lawsuit against OpenAI
Australia starts world-first peanut allergy treatment for babies
🚀Startups Nuts
Effective communication is crucial for entrepreneurs and executives to convey their vision and inspire others to support their endeavors. However, many struggle to express themselves confidently and authentically, often undermining their message with verbal tics, poor body language, and unclear content. By setting clear goals, cultivating the right qualities, and refining their delivery, individuals can develop the executive presence needed to captivate audiences and achieve their objectives.
Other News
Groq, a Mountain View, Calif.-based AI chipmaker, raised $640m in Series D funding at a $2.8b valuation
Moonshot, a Chinese generative AI startup, reportedly raised over $300m
Savvy, a New York provider of wealth management software, raised $15.5m in Series A extension funding
Cartridge, a developer of onchain games and tools, raised $7.5m in Series A funding
Dstlry, a comics publisher and digital collectibles startup, raised $5m in seed funding
🏭Business Nuts
Intel's stock ended Friday trading down 26 percent. The company recently reported financial results and an outlook with lower-than-expected revenue and profit-margin forecasts. It plans to lay off around 15,000 employees, target $10 billion in cost cuts next year, and suspend dividend payments in the fourth quarter. Intel's market value is now at a level last seen 15 years ago.
Other News
TikTok has been spending $20 million a month to purchase OpenAI models through Microsoft. The purchases make up about 25% of Microsoft's AI revenue. TikTok's parent ByteDance is reportedly building its own AI models - if successful, TikTok would no longer need OpenAI or Microsoft.
Warren Buffett’s Berkshire Hathaway sold 49%+ of its $84.2B Apple stake last quarter, which helped up the conglomerate’s cash pile to $277B. Apple remains Berkshire Hathaway’s largest stake.
Airbnb chief business officer Dave Stephenson suggested the company may start offering luxury amenities, e.g., personal chefs, massages, etc. to lure customers back from hotels.
Chevron is moving its headquarters from San Ramon, California — where it’s been since 2002 to Houston, Texas.
The Deadpool & Wolverine movie made $395.6m at the domestic box office and $824.1m internationally over its first 10 days.
📱Tech Nuts
OpenAI has a method that can reliably detect when someone has used ChatGPT to write an essay or research paper, but it hasn't released it despite it having been ready for release for about a year. The company is concerned that the tool would be unpopular with its users and disproportionately affect some groups. The tool is 99.9% effective when there is enough text. However, the watermarks it generates can be erased through simple techniques like having Google translate the text into another language and back or having ChatGPT add emojis to the text and then manually deleting them.
Other News
Nvidia's Blackwell B200 chips will take at least three months longer to produce than was planned. The delay is due to a design flaw that was discovered unusually late in the production process.
Mistral AI has rapidly risen as a homegrown European champion over the past year. The company was valued at more than $6 billion in June. Its CEO, Arthur Mensch, has been vocal in debates over the EU's AI law, saying that lawmakers should focus on regulating how others use those models rather than regulating general-purpose AI models like Mistral's.
Elon Musk has filed a new lawsuit against OpenAI, Sam Altman, and Greg Brockman, accusing them of breaching the company's founding mission to benefit humanity with artificial intelligence.
A Chinese state-owned enterprise launched the initial batch of satellites for a megaconstellation aimed at competing with SpaceX's Starlink, according to a state-backed newspaper.
🎁Miscellaneous
Eligible babies with peanut allergies in Australia will be offered treatment to build immunity under a world-first program. The babies will be given gradually larger doses of peanut powder each day for at least two years to reduce sensitivity. The program will be extended to more hospitals and potentially other food allergies if it is found to be effective and safe. Families are advised not to try oral immunotherapy at home unsupervised.
💡What else are we reading and seeing?
Consider the Eel
Uncertainty Everywhere
Future of LLMs for avatars at Genies
10 Charts That Capture How the World Is Changing
Tesla Dojo: Elon Musk's big plan to build an AI supercomputer, explained
🔥 Few tools many people are finding useful
AI demos by Meta - Try experimental demos featuring the latest AI research from Meta
Infinite Bookshelf - Write entire books to learn anything, in seconds
Image effects - Create audio that goes along with your images and videos
Happy Pages AI - Create personalized colouring pages for your child
Jotlify - Transforming research into stories, insights & audio
🐦Joke of the Day
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