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- SpaceX scales up Starfactory
In Today’s Edition
VC Funding to Female Founders Peaked in 2023
Ikea is hiring 10 people at $17/hour to work at “The Co-worker Game
Siri is reborn in iOS 18 — everything Apple's voice assistant will be able to do
Google’s AI Overviews will be telling fewer people to eat rocks
🚀Startups Nuts
In 2023, a record-breaking 25% of U.S. venture funding, amounting to $34.7 billion, was invested in startups with at least one female co-founder. The AI sector, in particular, saw over 50% of its investment going to companies with female founders, driven by significant funding rounds raised by companies like OpenAI and Anthropic. Despite this progress, the majority of funded AI startups still lack female founders, and sustained efforts are needed to support women entrepreneurs across all funding stages.
Other News
Space Pioneer, a Chinese developer of reusable rockets, raised $207m
Fibe, a digital lending platform, raised $90 million
Pika, a text-to-video AI platform, raised $80 million
Amber Therapeutics, a British developer of a neuromodulation therapy for treating mixed urinary incontinence, raised £80m in Series A funding
Prolific Machines, a protein cell production tech startup, raised $55 million
Nium, a cross-border payments company, raised $50 million
Relay, a Raleigh, N.C., communications platform for frontline workers, raised $35m in Series B funding
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🏭Business Nuts
SpaceX's Starfactory started construction back in February. The upgrade gives Starbase an extra 100,000 square feet of factory floor to help SpaceX reach its ambitious goal of producing one Starship a day. SpaceX intends to start building Starship Version 2 at the new Starfactory. Starship Version 2 is said to hold more propellant, have improved reliability and a lower dry weight, and feature aerodynamic changes. There are currently over 1,800 full-time employees at Starbase.
Other News
TJX, which operates TJ Maxx, HomeGoods, and Marshalls, said it will start using body cameras for some employees in its retail stores to prevent theft.
Ikea is hiring 10 people at $17/hour to work at “The Co-worker Game,” a virtual Roblox store where users can browse furniture and experience what working at Ikea would be like.
Norwegian wealth fund Government Pension Fund Global—owning a 0.98% stake in Tesla—says it will vote against a $56B pay package for Tesla CEO Elon Musk this week.
📱Tech Nuts
Details about Siri's new functionalities as well as prompts that Apple used to test the software have been leaked. Many of the prompts used contain natural language, often detailing descriptions of what the user is trying to do along with arguably superfluous details. Several core apps, including Notes, Photos, Safari, and Mail, will be getting enhanced Siri features in iOS 18. This article looks at all of the enhanced Siri features coming in iOS 18 and other updates that can be expected in iOS 18 and macOS 15.
Other News
Google’s AI Overviews will be telling fewer people to eat rocks and put glue on their pizza — for now. One analysis shows the search-upending new tech rolled out on 84% of queries last month, but is now only appearing on ~15% of results.
The New York Times confirms internal data breach; more than 270GB of source code, an estimated 3.6 million documents, posted to internet message board.
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🎁Miscellaneous
Competition is amping up in the brain-computer interface (BCI) space as recent advances have the field buzzing with anticipation. Precision Neuroscience is one of the startups at the forefront of the field. It has placed its device on the brains of 14 human patients so far and is hoping to at least double that number by the end of this year. The company expected to have its first BCI on the market next year. This article takes a look at the BCI space, Precision's device, how it works, future designs, and more.
💡What else are we reading and seeing?
Building AI products
How to Build Anything Extremely Quickly
Wall Street is putting its foot down as ‘Roaring Kitty’ strikes again
Amazon’s CEO on the power of attitude
The relationship between happiness and leadership
How the “porcupine dilemma” teaches us to cooperate like champions at work
😎Fun Fact
On this day today Benjamin Franklin conducts famous kite experiment (1752)
🔥 Few tools many people are finding useful
Visme - An all-in-one platform that makes it easy to create presentations, videos, and other branded content
Browse AI - Simplifies data extraction from multiple sources by allowing businesses to train no-code scraping robots
Opus Clip - A generative AI video tool that repurposes long videos into shorts in one click. Powered by OpenAI
Nox - Proactive personal assistant that makes your life easy
Go Peek - Workspace that automatically organizes and summarizes your browser tabs
🐦Joke of the Day
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