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Tesla’s Optimus robot can now sort objects autonomously

Plus: Anthropic secures $4 billion from Amazon to fund its AI operations

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Cash Nut
September 25, 2023

Headline - Tesla’s Optimus robot can now sort objects autonomously

In Today’s Edition

  • Anthropic secures $4 billion from Amazon to fund its AI operations

  • Correcto secures $7M to build out its Grammarly for Spanish

  • New York is a tech startup hotbed after almost a decade-long run of IPOs

  • Google Pixel 8, Pixel 8 Pro camera features revealed through promo video

  • Solving the Engineering Strategy crisis

  • ‘Mind-boggling’ sea creature spotted off Japan has finally been identified

🚀Startups Nuts

Amazon has invested up to $4 billion in Anthropic, an AI startup that operates an AI-powered chatbot similar to Google's Bard and Microsoft's OpenAI. As part of the deal, Amazon will initially invest $1.25 billion for a minority stake in Anthropic, with the option to increase its investment to a total of $4 billion. Anthropic intends to use the investment to build future AI models and continue its research in AI safety. The collaboration with Amazon will allow Anthropic to access AWS Trainium and Inferentia technology and build generative AI applications.

Madrid-based language writing tool startup Correcto has raised $7m in seed funding to build out their tool for Spanish speakers, similar to Grammarly. The startup aims to provide Spanish speakers with a reliable and accurate language writing tool to help them communicate their ideas effectively and confidently without worrying about common language errors, and to expand its capabilities and reach a broader audience. The funding round was led by Octopus Ventures, with contributions from Carya Venture Partners and River Park Ventures. The co-founders of Correcto believe that their product offers a particular opportunity in Latin America, where many native Spanish speakers may not have had access to a level of education that enables them to confidently write professionally in their mother tongue.

🏭Business Nuts

Tesla's Optimus robot can now sort objects on its own using its end-to-end trained neural network. The company shared a video showing the robot self-calibrating and physically sorting colored blocks into trays. The robot is able to adapt and adjust to its environment dynamically. Tesla is encouraging people to come and work with the company to help develop Optimus. The video is available in the article.

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Gif by UFWertheim on Giphy

Sequoia Capital is among notable venture firms that have expanded in New York, opening an office there in July. IPOs of companies including Datadog, MongoDB and DigitalOcean created riches that have been poured back into the New York ecosystem. "Today, there's absolutely no question in my mind that you can build fantastic businesses in New York," said Murat Bicer, a partner at venture firm CRV.

📱Tech Nuts

A promo video released by Google shows off the Pixel 8 and Pixel 8 Pro from all angles. The devices are set to launch on October 4. The Pixel 8 line seems to focus on new camera features. The Pixel 8 Pro will have new camera features, including Pro controls, Real Tone, Night Sight, Astrophotography, Super Res Zoom, and the ability to swap faces in an image. A list of the complete camera specifications for both the Pixel 8 and Pixel 8 Pro is available in the article.

This article discusses a unified theory of Engineering strategy. It focuses on how individuals can drive strategy even if they are not the company's CTO. The article discusses what engineering strategies are, why some strategies are more effective than others, why written strategy is powerful, and how to drive engineering strategy as an individual. Solving the engineering strategy crisis only requires two straightforward steps: write down the existing strategy and then improve the quality of the strategy.

🔥Newsletter Spotlight

Behind the Markets: independent research for independent investors

🎁Miscellaneous

A creature discovered off the coast of Okinawa, Japan in 2018 left biologists baffled as it wasn't like anything else they've seen before. The creature has now been determined to be a type of parasitic flatworm. It is made up of two forms of the parasite that cooperate together. This article tells the story of how scientists identified the creature. Pictures of the flatworm are available.

💡What else are we reading and seeing?

😎Fun Fact

The first credit card, introduced in 1950 by Diners Club, could only be used in 27 restaurants in New York City.

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