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Rivian is the next automaker to adopt Tesla's charging plugs

Plus: Unacademy’s Graphy Acquires Scenes To Strengthen Creator Offerings

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Cash Nut
June 21, 2023

In Today’s Edition

  • Three startups on how to stand out in a competitive landscape

  • About 10% of Startups Allow Longer Option Exercise Windows. But Recently, That’s Doubled

  • Unacademy’s Graphy Acquires Scenes To Strengthen Creator Offerings

  • Target races to bring next-day delivery to customers farther from city centers

  • OpenAI plans app store for AI software

  • RoboCat: A self-improving robotic agent

  • Everyone Has a Side Hustle Now. Is That a Good Thing?

🚀Startups Nuts

A few handy tips on how to stay competitive during tough times that may seem obvious but nevertheless are handy to revisit.

When markets are struggling, increasing the option exercise window can be helpful for employees that move on. However, there can be tax risks involved so tread carefully here.

The acquisition will enable Graphy to expand its product offerings and reach in the creator ecosystem. Scenes is a B2B SaaS platform that offers a cloud-based community engagement platform and enables creators to moderate and monetise their communities across platforms. This is Unacademy-backed Graphy’s first acquisition in 2023.

🏭Business Nuts

The Combined Changing System (CCS) standard's connector and cable are big and unwieldy, unlike Tesla's more elegant alternative, the North American Charging Standard (NACS). Rivian will start building NACS ports into its vehicles in 2025. It will make adaptors available for its customers. Tesla charging sites will be added to Rivian's mobile and vehicle navigation apps.

The big-box retailer said Wednesday that it is testing an extension facility that helps it get online orders to more shoppers the day after they click “buy.” The discounter may open similar hubs in other major U.S. cities. The company’s e-commerce sales have declined, especially as shoppers buy fewer discretionary items.

📱Tech Nuts

OpenAI plans to launch a marketplace for AI models built on top of its technology. Enterprise customers often tailor OpenAI's technology to their specific use cases. The marketplace would allow these customers to make their models available to other businesses. It will compete with other app stores, including one by Microsoft, and help OpenAI's technology reach more people.

RoboCat is a self-improving AI agent for robotics. It learns to perform tasks across different arms and then self-generates new training data to improve its technique. RoboCat can solve and adapt to multiple tasks across different robots. It learns much faster than other state-of-the-art models, picking up new tasks with as few as 100 demonstrations. A video demonstrating RoboCat's abilities is available in the article.

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🎁Miscellaneous

Almost everyone has a side hustle. Even many leaders have significant side hustles. Remote work means that people no longer have to hide their other gigs from their co-workers. Many founders and CEOs don't like this. Side hustles are a distraction to workers' full-time jobs. While people can be good at doing more than one thing, being truly great requires full commitment.

💡What else are we reading and seeing?

  • AI Is a Lot of Work

  • Deeper Dive on Cross-L2 Reading for Wallets and Other Use Cases

  • The hottest new perk in tech is freedom

  • Rich Americans are fooling themselves about their retirement readiness

  • Four different ways of understanding AI and its risks

😎Fun Fact

The world's first stock market crash occurred in 1792, when panic selling caused the value of shares to plummet, resulting in the Panic of 1792.

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