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Scientists figured out how to write in water

Plus: Why Nvidia’s AI Supremacy is Only Temporary 

Author

Cash Nut
September 12, 2023

In Today’s Edition

  • A UK satellite startup Open Cosmos secures $50M

  • English learning platform ELSA Secures $22.5M in Series C funding

  • Elon Musk moving servers himself shows his ‘maniacal sense of urgency’ at X, formerly Twitter

  • Why Nvidia’s AI Supremacy is Only Temporary

  • Nvidia Says New Software Will Double LLM Inference Speed On H100 GPU

  • 7 simple habits of the top 1% of engineers

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🚀Startups Nuts

Open Cosmos is a UK-based startup that developed a sustainable solution for space debris using low-earth orbit satellites and a data management system. They raised $50M from impact investors and partners, including Accenture Ventures. Open Cosmos is the leader in providing affordable multi-sensor space data and the first to create an app store-like analytics offering. They burn their satellites upon re-entry, leaving no debris behind. The company focuses on energy and climate monitoring and estimates that earth orbit data demand will be worth $11.3B by 2031. Open Cosmos is operationally profitable and less risky to back due to their focus on sustainability. Some space tech founders delayed raising funds in 2022, resulting in lower valuations or amounts for some deals.

ELSA, a language-learning platform, raised $22.5M in a Series C funding round, led by UOB Venture Management. The funds will be used to expand ELSA's global reach and solidify its position in Japan. ELSA AI Tutor uses speech recognition to provide feedback on pronunciation, grammar, and tone, and offers customized lessons. The company aims to improve users' English proficiency and help them join the global job market.

🏭Business Nuts

Walter Isaacson's biography of Elon Musk is set to be published today. This article contains a story adapted from the book about how X moved its server farms from Sacramento to Portland. Musk's advisors told him that it would take many months to move the servers, but Musk decided that they were wrong and opted to move the servers using cheap contractors. They managed to move the servers in under a week, but the exercise destabilized X for the next two months. Musk later admitted that the rushed move was a mistake.

Nvidia's top spot in the AI world is far from secure. It is currently winning as almost nobody is running large machine learning apps, the competition hasn't matured, researchers have the purchasing power, and because of the focus on training models. In the near future, inference with CPUs will dominate over training with GPUs, engineers will have more purchasing power, and the focus will be on application costs. The winners of this shift will likely be traditional CPU platforms like x86 and Arm.

📱Tech Nuts

Nvidia says that TensorRT-LLM, an open source software library, will double the H100's performance for running inference on leading large language models. The software is now available in early access. It will be integrated into the Nvidia NeMo LLM framework as part of the Nvidia AI Enterprise software suite when it is released to the public next month. TensorRT-LLM will also support Nvidia's A100, L4, L40, L40, and Grace Hopper Superchip GPUs.

This article looks at the habits of successful engineers and explains how these habits make those engineers more successful. Examples include sticking to a consistent standard and style of coding to make code easier to read and understand, deep domain knowledge in at least one field, and good self-marketing. The article delves deep into coding habits and how to write good code.

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🎁Miscellaneous

A team of German physicists has figured out a method for writing on water. The method involves putting ink directly into water using a microbead made of an ion-exchange material as a pen. The bead writes by altering the local pH value of the water, attracting ink particles to those areas. The method is at a proof of concept stage - future iterations may be able to generate highly complex patterns in fluids. Examples of images drawn in water using the method are available in the article.

💡What else are we reading and seeing?

  • Why There’s Never Been a Better Time to Be a Creator

  • Spotify’s testing a new audiobooks feature for paying subscribers

  • How the Arm IPO is lining up for its owner Softbank

  • KKR says unions can coexist with employee ownership

  • What you need to know about Google’s existential threat

  • China is full of risk for U.S. companies

  • Goldman plans to spend $100M on rural businesses

  • How physical strength affects mood, behavior, and politics

  • Adam Grant’s must-read books

😎Fun Fact

Octopuses have three hearts and blue blood

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