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OpenAI’s custom GPT Store is now open for business

Plus: Amazon cuts hundreds of jobs in Prime Video and MGM Studios

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Cash Nut
January 12, 2024

In Today’s Edition 

  • SpaceX targets February for third Starship test flight

  • What to do if your product isn’t taking off 

  • Tesla’s revamped Model 3 sedan has now gone on sale in the US 

  • Amazon cuts hundreds of jobs in Prime Video and MGM Studios 

  • CES 2024: The weirdest tech, gadgets, and AI claims from Las Vegas

  • Getting Under the Skin 

🚀Startups Nuts

SpaceX targets February for third Starship test flight 

SpaceX expects to conduct the third integrated test flight of its Starship vehicle in February. Securing an updated FAA launch license is key to driving the schedule for the test flight. The company aims to be ready for the test by the end of January. It is still working on corrective actions identified from the second Starship test flight in November.

Pragmatic advice for founders facing challenges with their product's market traction. It emphasizes the importance of engaging with users to understand their needs, reevaluating the target audience, refining messaging and positioning, and considering a pivot based on what's working. This is crucial for founders as it offers actionable steps for identifying and addressing core issues hindering their product's success, thereby aiding in making informed decisions to improve product-market fit.

🏭Business Nuts 

Tesla has started selling a restyled version of its Model 3 in North America. Codenamed Highland, the restyled Model 3 went on sale in China in September 2023 and in Europe last October. Changes to the federal tax credit for clean vehicles may have delayed the introduction of the vehicle in the US. The Model 3 is no longer eligible for the credit. A gallery of images showing what's changed is available.

Amazon sent a note to staff on Wednesday notifying them of the job cuts. The company is making the cuts to prioritize its investments for long-term success. It has been monitoring every aspect of its business over the past year to identify opportunities to reduce or discontinue investments in certain areas while increasing its investment and focus on content and product initiatives that deliver the most impact. The cuts come after mass layoffs at the company that began in 2022 and extended through 2023, with more than 27,000 employees being let go.

📱Tech Nuts

OpenAI's GPT store has finally launched after a months-long delay. The store allows users to share custom chatbots, bringing more potential use cases to ChatGPT and expanding OpenAI's ecosystem. OpenAI says that more than 3 million bots have been created by users since the announcement of the GPT Builder program in November. Only people who subscribe to OpenAI's paid tiers will be able to make and use custom GPTs.

CES 2024: The weirdest tech, gadgets, and AI claims from Las Vegas

CES 2024 is now in full swing in Las Vegas. This article contains a list of the eight strangest gadgets, tech, and claims from the show so far. The entries include AI-powered birding binoculars, a BlackBerry-style keyboard for iPhones, a router that looks like a picture frame, and an AI assistant that can call emergency services. Each entry includes a description of the technology along with media and links for more information. The show will end on Friday.

🎁Miscellaneous

Three scientists are engineering skin microbes into a diffuse network of continuous glucose monitors and insulin factories inside the body. The approach could provide a new option for people living with diabetes and create fierce competition in the largely monopolized insulin industry. This article discusses the insulin industry, how the scientists developed their treatment, and the road ahead for the research.

💡What else are we reading and seeing?

😎Fun Fact

The word "bank" is derived from the Italian word "banco," meaning bench, as early banking transactions took place on benches in marketplaces

🔥 Hot Book of the Day

America is undergoing a massive experiment: It is moving, in fits and starts, toward a multiracial democracy, something few societies have ever done. But the prospect of change has sparked an authoritarian backlash that threatens the very foundations of our political system. Why is democracy under assault here, and not in other wealthy, diversifying nations? And what can we do to save it?

With the clarity and brilliance that made their first book, How Democracies Die, a global bestseller, Harvard professors Steven Levitsky and Daniel Ziblatt offer a coherent framework for understanding these volatile times. They draw on a wealth of examples—from 1930s France to present-day Thailand—to explain why and how political parties turn against democracy.

They then show how our Constitution makes us uniquely vulnerable to attacks from within: It is a pernicious enabler of minority rule, allowing partisan minorities to consistently thwart and even rule over popular majorities.

Most modern democracies—from Germany and Sweden to Argentina and New Zealand—have eliminated outdated institutions like elite upper chambers, indirect elections, and lifetime tenure for judges. The United States lags dangerously behind.

“This eye-opening study, filled with analysis of analogous historical moments from around the world, is an essential primer in the struggle for democracy this century.”

🐦Joke of the Day

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