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Starlink Mini 🛰️, Dell said return to the office or else 📈

Anthropic surpasses GPT-4o 🤖

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Cash Nut
June 21, 2024

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In Today’s Edition 

  • SpaceX unveils backpack-sized ‘Starlink Mini' satellite internet antenna for $599 

  • Dell said return to the office or else—nearly half of workers chose “or else” 

  • Amazon is replacing 95% of its plastic packaging air pillows

  • Sony will acquire the rights to Queen’s music

  • Anthropic has a fast new AI model — and a clever new way to interact with chatbots 

  • The EU Council withdrew the vote on the Chat Control

  • Gilead's twice-yearly shot to prevent HIV succeeds in late-stage trial 

🚀Startups Nuts

SpaceX is launching a new mobile option for its satellite internet service called Starlink Mini. It's a backpack-sized kit that gives you fast and reliable internet wherever you go. For early birds, they're offering a limited number of these antennas for $599. The service itself will cost around $150 per month and you'll get 50 gigabytes of data to use. There's no word yet on when the Starlink Minis will start shipping, but it's definitely something to keep an eye on for those who need internet on the go.

Other News

  • Zepto, an Indian grocery delivery company, raised $665m in Series F funding at a $3.6b valuation

  • iOnctura, a Swiss cancer biotech, raised €80m in Series B funding

  • Isar Aerospace, a Munich-based rocket launch startup, raised €65m in Series C extension funding

  • HeyGen, an LA-based AI video generation platform for businesses, raised $60m in Series A funding

  • M2X Energy, a Rockledge, Fla., gas-to-methanol startup, raised $40m in Series B funding

  • LD Carbon, a Korean tire recycling startup, raised $28m in Series C funding

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🏭Business Nuts 

Dell announced a return-to-office initiative earlier this year that involved workers having to classify themselves as remote or hybrid. The catch? If you stayed remote, you couldn't get promoted or find a new job within Dell. Almost half of Dell's employees decided to take the risk and stay remote, but many of them are quietly looking for new jobs at companies that aren't pushing for a return to the office. It seems like Dell isn't the only company having this problem either, as many others struggle to convince their employees to return to work in person.

Other News

  • TikTok claims that the government didn't adequately consider viable alternatives before charging ahead with a law that could ban the platform in the US.

  • Amazon is replacing 95% of its plastic packaging air pillows with paper filler made from 100% recycled material in North America. The swap will eliminate ~15B plastic pillows a year.

  • McDonald’s is introducing a $5 value meal in response to customer complaints that its menu had grown too expensive. It’s not alone: Burger King, Wendy’s, and Starbucks are all launching new deals as well.

  • Sony will acquire the rights to Queen’s music, name, image, and likeness for $1.27B, the largest price ever paid for an artist’s catalog.

  • MoviePass’s attempted comeback continues with an investment from Comcast’s Forecast Labs. The moviegoing platform is coming off its first-ever profitable year.

  • Luxury Italian brand Golden Goose is postponing its IPO, citing “significant deterioration” in market conditions during European Parliament elections. The company was aiming for a $2B market cap.

  • Bank of England keeps interest rates at 16-year high of 5.25% despite inflation slowing to 2% annual rate in May.

  • Britvic, a British maker of cocktail mixers and other uncarbonated soft drinks, rejected a £3.11 billion takeover approach from Danish brewer Carlsberg.

  • Pine Labs, an Indian payments firm, is weighing a $1b local IPO, per Bloomberg. The company has raised over $1b in private funding from backers like Peak XV Partners, Mastercard, and Advent International.

📱Tech Nuts

Anthropic's newest model, Claude 3.5 Sonnet, is reportedly equal to or better than OpenAI's GPT-4o and Google's Gemini across a wide variety of tasks. The model performs well in benchmarks, suggesting that Anthropic has built a legitimate competitor in the space. Claude 3.5 Sonnet is available now to web and iOS users and will be available to developers as well. Anthropic is introducing a new feature called Artifacts that will allow users to see, interact with, and edit the results of their Claude requests.

Other News

  • Google has apparently toned down Reddit's influence on search results that use AI Overviews and significantly dropped the number of delivered AI Overview results overall.

  • The EU Council withdrew the vote on the Chat Control proposal due to a lack of majority support and significant pushback.

  • Apple's push to enhance its artificial intelligence capabilities faces significant challenges in China due to the country's stringent AI regulations and censorship laws.

🎁Miscellaneous

Gilead's lenacapavir was 100% effective in preventing HIV in roughly 2,000 women in a late-stage trial. The results will need to be replicated before Gilead can seek approval from the Food and Drug Administration. Lenacapavir could be on the market as soon as late 2025 if trial results continue to be positive.

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💡What else are we reading and seeing?

😎Fun Fact

On this day: In 1978, Andrew Lloyd Webber and Tim Rice’s musical Evita, chronicling the life of Argentine leader Eva Peron, debuted in London

🔥 Few tools many people are finding useful

  • Meshy - Helps content creators to effortlessly turn text and images into captivating 3D assets in under a minute

  • Wondershare - A cutting-edge AI avatar video generator, transform text or audio into realistic spokesperson videos in minutes 

  • HeyGen - Enables anyone to effortlessly create professional, AI-powered videos 

  • Dot - The AI that grows with you

🐦Joke of the Day

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