- Cash Nut
- Posts
- The war for AI talent has begun
Sponsored by
In Today’s Edition
Startups are all about transparency
Apple has dismissed over 600 employees
YouTube CEO warns OpenAI that training models on its videos is against the rules
Disney+ said it will begin cracking down on password sharing in June
Elon Musk is boosting compensation for Tesla's ($TSLA) AI engineering
Physicists take a major step toward making a nuclear clock
The Rundown is the world’s fastest-growing AI newsletter, with over 500,000+ readers staying up-to-date with the latest AI news and learning how to apply it.
Our research team spends all day learning what’s new in AI, then distills the most important developments into one free email every morning.
🚀Startups Nuts
One topic in the startup world is extremely opaque: founders' salaries. This causes founders to make all kinds of mistakes, like paying themselves too early, too late, too little, or too much. Founders don't get rich with their salaries: most of the money comes from IPOs, secondaries, and acquisitions. Being a founder means having to learn to deal with financial uncertainty.
Other News
Pigment, a business planning and forecasting platform, raised $145 million
Aerospike, a NoSQL database, raised $109 million
Alsym Energy, a battery startup, raised $78 million
SiMa.ai, an on-chip company, raised $70 million
Homebase, an HR and team management app, raised $60 million
🏭Business Nuts
Alphabet is in discussions with financial advisers about making a potential offer for HubSpot, an online marketing software company valued at approximately $34 billion.The acquisition faces scrutiny given Alphabet's, the parent company of Google, current antitrust challenges, including accusations of abusing its dominance in online search and digital advertising. Acquiring HubSpot could enhance Alphabet's cloud customer business and digital advertising capabilities, positioning it to better compete with major players like Microsoft, Oracle, and Salesforce in the cloud computing and customer relationship management markets.
Other News
Apple has dismissed over 600 employees, aligning with reports that it has halted its self-driving car project, marking a rare wave of layoffs within the company.
Jeff Bezos dropped some pocket change $90m on a third estate in south Florida’s Indian Creek, bringing his total investment in the village to $237m.
Skydance Media has a tentative deal to take over media mogul/heir Shari Redstone’s controlling stake of Paramount Global. Skydance is led by billionaire Larry Ellison’s son, David Ellison.
Disney+ said it will begin cracking down on password sharing in June. Disney similarly limited account sharing for Hulu, and competitor Netflix saw 100k new sign-ups directly after limiting password sharing.
NASA awarded three companies contracts to submit proposals for lunar vehicles. Its chosen company will build an autonomous vehicle capable of traveling 9.3 mph to help astronauts explore the moon.
Samsung Electronics Co Ltd expects a substantial increase in its first-quarter operating profit to 6.6 trillion won ($4.9 billion), up from 640 billion won the previous year.
Elon Musk is boosting compensation for Tesla's AI engineering team to fend off OpenAI's recruitment drive in the midst of a fierce talent battle in the AI sector, aiming to retain key specialists and sustain Tesla's progress in AI and autonomy despite governance worries across Musk's ventures.
📱Tech Nuts
YouTube CEO Neal Mohan warned that OpenAI's use of YouTube videos to train its text-to-video generator Sora could breach the platform's terms of service, emphasizing creators' expectations of content use compliance. This stance poses potential challenges for Google, facing multiple lawsuits over alleged unauthorized use of various content types to train its AI models, arguing such use constitutes "fair use" through transformative learning. Mohan's remarks could undermine Google's defense in ongoing legal battles by highlighting inconsistencies in the company's approach to using content for AI training, including its use of YouTube videos and content from other platforms.
Other News
Apple hasn’t given up on a shiny new product after scrapping its EV plans in February. The company is reportedly working on mobile robots that could follow users through their homes.
OpenAI's DALL-E now offers image editing tools both on the web and on mobile. There are preset style suggestions to help inspire image creation. The image generation platform has been integrated with ChatGPT - users can now edit DALL-E images in ChatGPT across web, iOS, and Android. Videos from OpenAI showing off the new features are available in the article.
🎁Miscellaneous
Scientists were recently able to use a tabletop laser to bump an atomic nucleus into a higher energy state, a feat that paves the path towards creating the first nuclear clock. Nuclear clocks keep time based on the inner workings of atomic nuclei. They could be more simple and portable than atomic clocks. They could also be used to test fundamental physics theories in new ways. Nuclear clocks are based on different physics than atomic clocks, so comparing the two types of timepieces could allow for new studies of fundamental physics.
💡What else are we reading and seeing?
Samsung is pouring $44 billion into US chip production
The State of Generative AI, 2024
Billionaire investor and NY Mets owner says AI could yield four-day work week for most workers
10 Years After Facebook Bought Oculus, What's Next for Meta's VR Plans?
TikTok touts $242B impact to U.S. GDP as platform faces potential ban
Oil advances near $90 because of production cuts
5 money rules that helped self-made millionaires be more successful
6 ways to give that aren’t about money
Anatomy of a credit card rewards program
🔥 Few tools many people are finding useful
BrowserBase - A programmable web browser every AI application needs
UnderMind - Search for incredibly complex topics and find every paper
Creo - Build internal tools with AI
Co-Manager by Venice - Your music career assistant
🐦Joke of the Day
Enjoy The Cash Nut? Consider forwarding it to a co-worker, colleague, classmate, or whoever you think might be interested.
Advertise With us - Link
Keep an Eye on our Weekly newsletter, where we gonna share resources like Financial Models, AI tools, and much more.
That’s it from our side for today.