In Today’s Edition

• Electric aircraft makers Wisk and Archer end bitter legal dispute, agree to work together

• Shared micromobility firm Veo launches retail seated scooter

• Virgin Galactic’s first space tourists finally soar, an Olympian and a mother-daughter duo

• CEO claims X, formerly Twitter, is close to ‘break even’

• Hidden forces and sliding screens trick the senses to make VR feel more real

• Are reports of StackOverflow’s fall greatly exaggerated?

• Experimental insulin implant uses electricity to control genes

🚀Startups Nuts

Electric aircraft makers Wisk and Archer end bitter legal dispute, agree to work together

Electric aircraft companies Wisk and Archer have settled their two-year legal dispute and agreed to collaborate. Archer has raised $215 million in new capital, including from Boeing, to accelerate its path to commercialization. The settlement allows Wisk to purchase up to 13,176,636 shares of common stock at a price of $0.01 per share. Archer has received certification from regulators allowing flight test operations for its Midnight aircraft and secured a deal with the U.S. Air Force worth up to $142 million.

Shared micromobility firm Veo launches retail seated scooter

Veo will sell its Cosmo X scooter in the US, starting with a small pilot of 1,000 scooters in 2023. They have service centers across the country to avoid logistics issues. The Cosmo X starts at $3,499 and has a range of over 45 miles. Buyers during pre-order get a free basket and helmet. The scooter can be customized and accessed through the Veo app.

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🏭Business Nuts

Virgin Galactic’s first space tourists finally soar, an Olympian and a mother-daughter duo

Virgin Galactic's first tourists rocketed to the edge of space on Thursday. The tourists were a former British Olympian who bought his ticket 18 years ago and a mother-daughter duo from the Caribbean. Virgin Galactic can now start offering monthly rides. There are currently about 800 people on Virgin Galactic's waiting list, with tickets costing $450,000. Photos from the flight are available in the article.

CEO claims X, formerly Twitter, is close to ‘break even’

X CEO Linda Yaccarino claims that the company is almost breaking even. Yaccarino has been at the company for eight weeks. X has been facing financial struggles for several months. It is still facing many outstanding payments and multiple lawsuits over not paying rent for office spaces in several countries. Yaccarino says that she has witnessed Elon Musk training for the cage fight with Mark Zuckerberg.

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📱Tech Nuts

Hidden forces and sliding screens trick the senses to make VR feel more real

The next big thing in VR may be an experience augmented by physical sensations that trick senses into mistaking the virtual for reality. Several companies and research teams recently presented next-generation VR technologies at SIGGRAPH, a conference that shows off the latest in VFX, virtual production, and motion capture hardware and software. This article takes a look at some of the technologies presented at the conference, including an experimental VR headset by Meta that physically slides the device's displays closer to users' eyes when they look at closer objects, controllers that can shift their center of gravity, and a new method of simulating the feeling of touch in the fingertips.

Are reports of StackOverflow’s fall greatly exaggerated?

A recent post by a machine learning engineer analyzed Stack Overflow's website data and concluded that the site had lost about 50% of its traffic. The data turned out to not account for a Google Analytics change, which if accounted for would have resulted in a drop of 35%. Stack Overflow says that it has seen an average of around 5% less traffic compared to 2022. Q&A traffic is definitely down. The company has an opportunity to compete against AI by offering tools for companies to utilize its internal knowledge bases.

🔥Newsletter Spotlight

• Check out Morning Brew - Get smarter in 5 minutes with Morning Brew (it's free) - Link

• See Bay Area Times - The Bay Area Times is an awesome daily digest of what's happening in the world of tech. - Link

• Prompt Engineering Daily - Get the most simplified and tactical AI prompts, insights and tools to stay ahead of the curve. Read by ~100,000 readers from Apple, Microsoft, Google, Meta and more - Link

🎁Miscellaneous

Experimental insulin implant uses electricity to control genes

Researchers have generated cells that undergo a chain reaction that ultimately switches on a gene needed to make insulin when stimulated by a small electric current. The researchers implanted the engineered cells into mice and demonstrated that the cells released insulin when a current was applied using electrified acupuncture needles. They hope to adapt the system into wearable medical devices controlled by a computer or smartphone. The same technique could be used to target genetic diseases by implanting cells that deliver crucial proteins.

💡What else are we reading and seeing?

• The Future of Technology Looks a Lot Like...Pixar?

• Researchers watched 100 hours of hackers hacking honeypot computers

• Manhattan rent just hit new record of $5,588 a month

• Y Combinator: The Institute of Innovation

• Healthcare PE fundraising stays strong

• Even Barbie might not be able to rescue AMC’s problems

• Biotech M&A rebound bodes well for venture investors

• Why the best leaders think and act like elite athletes

• How To Prepare for a Startup Acquisition

😎Fun Fact

The average person produces enough saliva in their lifetime to fill two swimming pools

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