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In Today’s Edition
Seoul-based proptech Dongnae acquires co-living platform Dears
Meatable sinks its teeth into $35M to accelerate launch of its cultivated pork products
Apple buys every 3 nm chip that TSMC can make for next-gen iPhones and Macs
OpenAI Launches GPTBot With Details On How To Restrict Access
Ask HN: What's the coolest physical thing you've made?
Physicists achieve fusion with net energy gain for second time
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🚀Startups Nuts
Dongnae, a proptech startup in South Korea, plans to acquire co-living business Stevens with a mix of cash and equity. The deal is set to close by the end of September. Dongnae's primary product, Dongnae FLEX, offers furnished apartment rentals with flexible lease terms. The acquisition of Stevens will allow Dongnae to upgrade its service and manage properties with a collective AUM of over $400 million. Dongnae was founded in 2020 to digitize South Korea's real estate market and has invested in enhancing the customer experience, digitizing the leasing process, and launching its own AI-powered digital real estate consultant Suzie. The company's application is now available for download on Android and iOS.
Meatable, a Netherlands-based company, has raised $35 million in new funding led by Agronomics, bringing their total funding to $95 million. They use precision fermentation to create meat from animal cells without harming animals and plan to scale their processes and commercialize their first products, including sausages and pork dumplings, in Singapore in 2024. They also plan to establish a presence in the US in two years. Despite a decrease in venture capital funding to the cultivated meat industry this year, Meatable continues to make exciting developments in the sector.
🏭Business Nuts
Apple was by far TSMC's largest customer in 2022. The company has reportedly bought up all of TSMC's 3 nm manufacturing capacity for roughly a year. The deal has apparently been in place since 2014 when Apple started using TSMC's factories. Part of the deal involves TSMC eating the cost of defective processor dies, chips that don't work or don't perform to the required specifications, which can result in substantial savings for Apple.
PayPal is launching its own stablecoin over the coming weeks to customers in the US. PayPalUSD (PYUSD) is a cryptocurrency token built on Ethereum and issued by the Paxos Trust Company that is fully backed by US dollar deposits. It can be purchased or sold on PayPal's app or website for $1.00 per PYUSD. PYUSD can be used for person-to-person payments, payment at checkouts, and transfers between PayPal accounts and outside wallets. Users can convert currencies supported by PayPal to and from PYUSD.
📱Tech Nuts
OpenAI has launched a web crawler to improve its artificial intelligence models. GPTBot will scour the web for data while strictly filtering out any paywall-restricted sources, sources that violate OpenAI's policies, or sources that gather personally identifiable information. Web admins will be able to choose whether or not to grant the bot access to their websites. The launch of the bot has opened up complex debates about ownership, fair use, and the incentives of web creators.
A Hacker News thread about the most interesting things readers have done that aren't software related. The top answers include making string art, designing a baseball bat that uses explosive blanks to hit baseballs really far, and building a scanning tunneling microscope.
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🎁Miscellaneous
Researchers at the federal Lawrence Livermore National Laboratory in California have achieved net energy gain in a fusion reaction for the second time. The team first achieved ignition for the first time last year. They repeated the breakthrough on July 30 and produced a higher energy output than the previous ignition. Initial data shows that the experiment outputted more than 3.5 megajoules, roughly enough to power a household iron for an hour.
💡What else are we reading and seeing?
😎Fun Fact
The world's smallest mammal is the bumblebee bat, with a wingspan of about 5.7 inches (14.5 cm)
🐦Tweet of the Day
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