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U.S. Sues Apple, Accusing
Plus: Pig kidney transplanted into living person for first time
Cash Nut
March 22, 2024
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In Today’s Edition
Choosing startup life
Reddit’s IPO saw a dramatic 48% rise
GPT-5 might arrive this summer as a “materially better” update to ChatGPT
Google announced the start of API support for its Gemini 1.5 Pro mode
Microsoft unveiled the Surface Pro 10 and Surface Laptop 6
Pig kidney transplanted into living person for first time
🚀Startups Nuts
This article discusses things to consider when thinking about joining a startup. A job may provide higher salaries, more perks, security, less stress, and other benefits, but working in a startup can result in huge payoffs. Startups require a ton of challenging work to be successful, they have minimal infrastructure in place, and startup employees have lower salaries. However, startup employees own a portion of the company, and this could be worth a lot in the future.
Other News
Wonder, Marc Lore’s food delivery startup, raised $700 million
Mirador Therapeutics, a precision medicines developer, raised $400 million
Radia, a developer of the world’s largest airplane, raised $300 million
Carlsmed, a developer of personal spine surgery tech, raised $52.5 million
Arc Browser raises $50M at $550M valuation
🏭Business Nuts
Apple is being sued by the US for employing a strategy that relies on exclusionary anticompetitive conduct that hurts both consumers and developers. The 88-page lawsuit says that the company violated antitrust laws with practices that were intended to keep customers reliant on their iPhones and make them less likely to switch to competing devices. It seeks to put an end to those practices and possibly a breakup of the company. The lawsuit is likely to drag out for years before any type of resolution.
Other News
Reddit’s IPO saw a dramatic 48% rise, closing at $50.44, propelled by investor enthusiasm for its AI-focused business strategy. The company raised $748 million, marking it as a significant tech IPO in 2024's recovering market.
Short sellers target the commercial real estate sector due to systemic credit risks, with investor withdrawals and declining property values. Rising interest rates and falling US office prices further caution against these investments.
Donald Trump's Truth Social might secure him a $3.5 billion profit from a merger with Digital World Acquisition ($DWAC) SPAC, shooting its value to $6 billion. Fueled by supporter-driven share purchases, the deal risks investor losses but promises Truth Social $300 million, keeping it afloat despite weak earnings. Post-merger, Trump must wait six months to cash in, unless granted a waiver.
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📱Tech Nuts
OpenAI is expected to release a major AI model, possibly GPT-5, sometime in mid-2024, likely during the summer. The new model will likely be a multimodel large language model with similar capabilities to GPT-4, but better. OpenAI is still reportedly training the model, after which it will go through internal safety testing to identify any issues before public release. Other issues, besides those that may come up from testing, may delay the launch.
Other News
Sakana AI just released three new Japanese-language AI models, created by “breeding“ existing open-source models to produce optimized “offspring.
Stanford researchers just developed Quiet-STaR, a new training method that enables AI models to generate an inner monologue, or ‘think’ before responding.
Google announced the start of API support for its Gemini 1.5 Pro model, available in the company’s AI Studio — allowing developers to leverage its 1M token context window.
Elon Musk said that Tesla’s Optimus could eventually be controlled as prosthetics via a Neuralink brain chip to replace human limbs.
The UN unanimously adopted a resolution endorsing global efforts to ensure the development and use of AI that is safe, secure, trustworthy, and beneficial for all nations while respecting human rights.
Microsoft unveiled the Surface Pro 10 and Surface Laptop 6, the first PCs to feature a dedicated Copilot button on the keyboard for quick access to the AI chatbot.
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🎁Miscellaneous
Doctors have performed a pig-to-human kidney transplant for the first time at Massachusetts General Hospital, the first hospital to perform a kidney transplant. The genetically modified kidney was implanted into a 62-year-old patient who had been diagnosed with end-stage kidney disease. They are recovering well and are expected to be discharged from the hospital soon. It is unknown how long the kidney will last for. This was the third transplant of a pig organ into a living human. The first two patients, who received heart transplants, died weeks after receiving their organs.
💡What else are we reading and seeing?
Who cares about tech regulation?
What Are the Most Popular Blockchain Ecosystems?
Research Report on Neuralink
Is Social Media a Trap?
Private equity cautiously steps in to back troubled banks
Insiders are split on the plan to return ESPN to dominance
The US economy is nowhere near a recession, Goldman Sachs says
3 strategies for making better, more informed decisions
How to develop a strong sense of self
😎Fun Fact
🔥 Few tools many people are finding useful
Morphlin: Invest wisely and efficiently with powerful AI
Pixelied: An AI-driven photo editing suite
Random Animal Generator: Generate pictures of various animals
swsh - Easiest way to share photo albums
Dealwise - AI-powered M&A advisor for startups
Lutra - Create AI workflows just from English instructions
🐦Joke of the Day
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