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In Today’s Edition
China’s BYD Proposes $1 Bn Investment In India To Build Electric Cars, Batteries
Meta could soon make its AI model available for commercial projects
A Look at SpaceX’s Starship Upgrades as it Prepares for Second Flight
Stability AI releases Stable Doodle, a sketch-to-image tool
100x Faster Than Wi-Fi: Li-Fi, Light-Based Networking, Standard Released
FDA says soda sweetener aspartame is safe, disagreeing with WHO finding on possible cancer link
🚀Startups Nuts
VCs are seeing the most challenging fundraising market many have seen in years. The number of VCs that had raised a fund in the previous eight years grew from 883 to 2,718 between 2010 to 2022. Many people in the industry agree that there are too many VCs and that the industry needs to shrink. It is estimated that up to 80% of venture firms are sitting in strategically challenged positions.
BYD will make the investment in partnership with Megha Engineering and Infrastructures and has sought regulatory approval for the same. BYD aims to produce 1,00,000 EVs in India annually in a few years, but it would begin with shipping vehicle parts for assembly across the country through its own supply chain. BYD and Megha Engineering also plan to launch charging stations in India and build research and development and training centres.
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🏭Business Nuts
Meta reportedly plans to release a commercial version of its language model, LLaMA. It may also release AI chatbots for different types of users. Access to Meta's commercial AI model will likely be free at launch. Meta plans to charge enterprise customers for custom versions of the model.
SpaceX has made over a thousand modifications to Starship since its first orbital flight test. The changes include significant adjustments to the thrust vector controls, staging, liftoff, and flight termination system. Elon Musk says that Starship will be ready to fly again by August. There are several regulatory hurdles to overcome before the next test flight can receive launch approval.
📱Tech Nuts
Stability AI is launching a new service that turns sketches into images called Stable Doodle. Stable Doodle leverages the latest Stable Diffusion model to analyze the outline of a sketch and generate an artistic rendition of it. It is available now through ClipDrop. Examples of images generated with Stable Doodle are available in the article.
The Institute of Electrical and Electronics Engineers has added 802.11bb as a standard for light-based wireless communications. The formalization of 802.11bb will help speed up the rollout and adoption of the light-based transmission technology standard. Li-Fi delivers faster, more reliable, and more secure wireless communications compared to conventional technologies. Now that the standard has been released, it is hoped that the issue of interoperability between Li-Fi and Wi-Fi can be fully addressed.
🔥Newsletter Spotlight
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🎁Miscellaneous
The U.S. Food and Drug Administration disagrees with the World Health Organization’s classification of the soda sweetener aspartame as possibly carcinogenic to humans. The FDA said the studies WHO experts relied on to make this conclusion had “significant shortcomings. FDA scientists have no safety concerns about aspartame when the sugar substitute is consumed within the daily recommended limit.
💡What else are we reading and seeing?
😎Fun Fact
The world's largest pizza was over 122 feet in diameter, made in Italy, and required over 19,000 pounds of flour and 10,000 pounds of tomato sauce.
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