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In Today’s Edition

• Japanese space robotics company GITAI secures $15 million

• Generative AI startup AI21 Labs secures $155M at a $1.4B valuation

• Tesla Model 3 Highland officially unveiled with new design and more features

• AI fever turns Anguilla’s “.ai” domain into a digital gold mine

• OpenAI’s Moonshot: Solving the AI Alignment Problem

• Rare oxygen isotope detected at last — and it defies expectations

🚀Startups Nuts

Japanese space robotics company GITAI secures $15 million

GITAI, a Japanese startup, secured $15m in funding for lunar robotics tech. The funds were raised from various sources like MUFG Bank and Green Co-Invest Investment Limited Partnership. GITAI plans to use the money to expand its U.S. workforce and enhance cooperation with government agencies and firms interested in their robotic tech. They aim to showcase their lunar rover and inchworm robotic arm on the moon by 2026. They have also planned to showcase their robotic arm on the International Space Station.

Generative AI startup AI21 Labs secures $155M at a $1.4B valuation

AI21 Labs, an Israeli startup known for its AI text-generating tools, has raised $155 million in a Series C funding round, bringing its total funding to $283 million. The company's products are developed on some of the world's largest language models, which are trained on up-to-date data to provide more refined control. AI21 offers AI-powered tools for developers to create custom text-based business apps, and its APIs support a range of generative AI applications. The company plans to use the funds to accelerate its research and development efforts, expand its team, and establish more partnerships across the tech industry.

Checkout Mode Mobile

First Disruption to Smartphones Since iPhone🤳

Tech Startup With Traction: Turn your phone from a cost to an income source. Intriguing idea, isn't it? This is why, we have our eyes on the launch of Mode Mobile’s Pre-IPO Offering. It’s the latest in a series of impressive raises among smartphone innovators, likely spurred by Apple’s recent $3+ trillion valuation.

Mode saw 150x revenue growth from 2019 to 2022, a leap that has made them one of America’s fastest growing companies. Mode is on a mission to disrupt the entire industry with their "EarnPhone," a budget smartphone that’s helped consumers earn and save $150M+ for activities like listening to music, playing games, and ... even charging their devices?!

Over 11,000 investors already acquired shares — and with only days remaining prior to their bonus tier closing, allocations are limited.

*Disclosure: Please read the offering circular at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation CF Offering.

🏭Business Nuts

Tesla Model 3 Highland officially unveiled with new design and more features

Tesla has officially unveiled its Model 3 refresh. Updates include a 'facelifted' front-end design, more screen space, and increased range. The company claims that more than half the parts of the vehicle were replaced. It appears that the photo of the new vehicle leaked in April was real. The refreshed Model 3 is now available for order on Tesla's European sites. More details about what was updated are available in the article.

AI fever turns Anguilla’s “.ai” domain into a digital gold mine

Anguilla is a tiny British island territory in the Caribbean. The country's top-level domain is '.ai'. This appears to be particularly attractive to tech companies. Experts estimate that the country may bring in up to $30 million in revenue this year from its domain. Registrars pay Anguilla $140 for a two-year domain registration, but prices are rising due to demand.

📱Tech Nuts

OpenAI’s Moonshot: Solving the AI Alignment Problem

OpenAI is dedicating 20% of its computing power to solve the AI alignment problem by 2027. The AI alignment problem is the idea that AI systems might not have goals that align with those of humans. This may become a significant issue in the future if superintelligent AI systems are developed. This article features an interview with Jan Leike, OpenAI's head of alignment research, where they talk about solving the AI alignment problem and OpenAI's subgoal of building an aligned AI research tool to help solve the alignment problem.

Can Samsung Food usher in a new era for the smart kitchen?

Samsung Food is a culmination of everything that Samsung has been working towards since it released a smart fridge with an Android tablet in 2016. The software can scan food, offer up tailored recipes, and sync kitchen appliances together to create meals. It uses generative AI to create meal plans and build grocery lists. Samsung is planning to create compatible cooktops, microwaves, refrigerators, water filters, and other cooking devices.

🔥Newsletter Spotlight

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🎁Miscellaneous

Rare oxygen isotope detected at last — and it defies expectations

Oxygen-28 has been detected for the first time. While the isotope was predicted to be stable, it disintegrated rapidly after creation. Oxygen-28 is an isotope of oxygen with 12 extra neutrons in its nucleus. The new findings mean that physicists might have to update theories of how atomic nuclei are structured.

💡What else are we reading and seeing?

• Hectic private equity recruitment process leaves firms looking for alternatives

• Goldman Used to Be a Dream, Now It’s Just a Bank

• X (née Twitter) wants to collect your biometric data and employment history

• OpenAI Rages at Report That Google's New AI Crushes

• Why Salesforce’s mega deals still matter after earnings

• Why the Swift, Beyoncé, Barbie wind-down may hurt the US economy this fall

• Private jet market heads for a smooth landing

• Citadel’s extreme math champ

• 3 strategies to communicate with precision

• The life events most likely to change your personality

• 3 tips to make a meaningful career shift

• ‘Life or Death:’ AI-Generated Mushroom Foraging Books Are All Over Amazon

😎Fun Fact

Hippopotamus milk is pink

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