In Today’s Edition

• Dice books $65M for its event discovery and ticketing platform

• Zepto has now become the first unicorn of India in 2023 with a fresh funding of $200 million

• Elon Musk says ‘if LEGO can do it, so can we’ about Cybertruck quality in leaked Tesla email

• Meta launches own AI code-writing tool: Code Llama

• This Universal Charger Could Simplify the EV Landscape

• New robot searches for solar cell materials 14 times faster

🚀Startups Nuts

Dice books $65M for its event discovery and ticketing platform

Dice, a London-based events discovery and ticketing platform, has raised $65 million in funding to grow its operations in the US and Europe. The company has built a strong reputation for its personalized recommendations and forecasting tools, and is well-positioned to capitalize on the growing demand for live events.

Zepto has now become the first unicorn of India in 2023 with a fresh funding of $200 million

Indian instant grocery delivery startup Zepto secures $200 million in Series E funding round, becoming the first Indian startup to achieve unicorn status this year. Existing backers and LP StepStone Group participated. Zepto processes over 300,000 daily orders in seven cities and aims to hit $1 billion in annual sales within a few quarters. The company has surpassed $700 million in annualized revenue sales with a YoY growth rate of 300% and plans to go public by 2025.

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🏭Business Nuts

Elon Musk says ‘if LEGO can do it, so can we’ about Cybertruck quality in leaked Tesla email

Tesla's Cybertruck design, which features sharp edges and a stainless steel finish, will require the manufacturer to achieve a level of accuracy in the single-digit micron range on all parts in order for it to look perfect. The straight edges of the design will amplify every imperfection. Elon Musk compared the approach to the requirements of products like LEGO and soda cans. Tesla has been criticized for its fit and finishes in the past, but it is generally accepted that the quality of its products has improved over the years.

Zoom CEO Says Employees Need to Be in the Office Because It's Hard to Build Trust Over Zoom

Zoom is requiring employees living within 50 miles of an office to report to the office a minimum of two days a week. The company's CEO, Eric Yuan, says that it's difficult for employees to build trust with each other on a computer screen. He claims that it's too difficult to have innovative conversations and debates on Zoom as it makes people too friendly. His comments point towards the company's belief in the ability of its platform.

📱Tech Nuts

Meta launches own AI code-writing tool: Code Llama

Meta has released Code Llama, a large language model built on top of Llama 2 that specializes in generating and debugging code. It has also released a Python-specific version and another version that can understand instructions in natural language. These models are not interchangeable. Meta claims that Code Llama performs better than other publicly available LLMs on coding tasks, but it did not specifically name which models were tested.

This Universal Charger Could Simplify the EV Landscape

The constant evolution of EV tech has made it challenging to create infrastructure that can support the wide range of technologies available. A group of researchers have created a novel battery charger that can support a vast range of present and future generations of EV battery packs. The charger is compatible with batteries between 120 and 900 volts with an efficiency consistently greater than 94%. It can be used as a portable unit. The researchers have filed a patent and are in the process of commercializing the technology.

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🎁Miscellaneous

New robot searches for solar cell materials 14 times faster

Researchers at North Carolina State University have enlisted the help of robots to help search for the ideal perovskite. Perovskites are a type of material with a rhombus-in-a-cube crystal structure that can be used to create highly efficient solar cells. There are a vast number of possible perovskite materials. Predicting and testing the potential properties of all these materials is time-consuming and difficult. The robot combines chemicals in different proportions to form perovskites and then applies them onto a surface for testing. It speeds up the synthesis and characterization of materials by a factor of 14 compared to manual exploration.

💡What else are we reading and seeing?

• KKR’s latest bankruptcy deal is a terrible omen for lenders

• A tale of two housing markets

• 5 trends in VC funding for pre-seed startups

• How Jackson Hole became an economic obsession

• There was one bright spot in private market fundraising

• The 15 US cities with the highest cost of living

• Seven ways to structure your day and habits to fight burnout

• The 4 books that helped a self-made millionaire become rich

• 7 body language signs someone is uncomfortable around you

• A visit to the one-man computer factory

• Checking Email? You’re Probably Not Breathing

😎Fun Fact

The original name of Bank of America was "Bank of Italy" when it was founded in 1904 to serve Italian immigrants in San Francisco

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