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- Will's Weekly Roundup
Will's Weekly Roundup
Feb 26th - Mar 3rd
"The opportunity paradox: take on less to accomplish more." - Sahil Bloom
Top stories this week:
Google’s AI chatbot is suffering from a major ‘wokeness’ problem.
Apple closed its EV project, reassigning 2K employees to AI projects.
Musk sued OpenAI and Altman for abandoning the company's mission.
r/WallStreetBets is already talking about shorting Reddit ahead of its IPO.
Business
Headlines you missed (or need to see again)...
Oprah’s departure from WeightWatchers sent the stock tumbling.
Sam Altman’s 8.7% stake in Reddit is worth $435M.
Webull will go public via a $7.3B SPAC deal.
Duolingo’s stock surged after reporting 44% YoY revenue growth.
Ozempic is predicted to boost the U.S. economy by $1T in just a few years.
Reddit’s IPO is apparently a clear 'AI play.’
Stripe sealed a $65B valuation in a deal offering liquidity to employees.
Uber’s CEO unlocked $136M in shares after Uber hit $120B valuation.
Nvidia is now the most desirable place to work.
Montage, the hotel brand, received $250M from Goldman, BlackRock, and others.
Tech
Headlines you missed (or need to see again)...
The White House doesn’t want people to program in C/C++.
Apple & Tesla veterans are helping Japan design AI chips.
Microsoft released ‘Copilot for Finance.’
First moon lander in half a century ‘died’ a week after tipping over on touchdown.
Tesla will earn billions by opening its charging network to Ford and others.
Apple’s CarPlay has a 90% market share for model-year 2023 U.S. vehicles.
Paris-based Mistral AI launched Mistral Large, rivaling GPT-4 in reasoning capabilities.
Superhuman launched AI 2.0, with automatic email draft replies.
VC
Venture capital headlines you missed (or need to see again)...
Financial Times launched a venture arm.
Qatar’s sovereign wealth fund is launching a $1B VC fund.
All-time VC crypto funding has reached $90B.
Founders Fund co-lead a $27M seed round in the modular blockchain project Avail.
Only 1.7% of consumer startups that raise Series B go public.
The PayPal mafia launched an AI-powered email assistant called Mindy backed by Peter Thiel and Sequoia.
Humanoid AI company Figure raised $675M from Bezos, Microsoft, NVIDIA, Amazon, Intel, OpenAI, and others.
Watchlist
Startups and companies I’m keeping an eye on…
BounceBit lets you earn a yield from your idol Bitcoin (raised $6M Seed).
Sway makes a compostable plastic alternative made from seaweed (raised $5M Seed).
Pelag is using stem cell biology to address hair loss (raised $17M Series A).
Oishii is using vertical farming to grow strawberries (raised $134M Series B).
Ingrediome is an Israeli-based startup making alternative meats from actual animal genes (raised $2.46M).
Exodigo creates complete and accurate underground maps of pipes and systems using AI and drones (raised $105M Series A).
Anthro makes flexible batteries that are safer and tougher (raised $20M Series A).
Power helps patients find new treatments by browsing clinical trials by condition, location, and drug type (raised $12M Series A).
Collov uses AI to visualize interior redesign projects (raised $10M Series A).
Vibe makes it easy to advertise on leading streaming apps and TV channels (raised $22.5M Series A).
SimpleClosure is the easiest way to shut down your startup (raised $4M Seed).
Fervo is delivering 24/7 carbon-free geothermal energy (raised $244M).
Ad-Shield is a marketing tool that tells you if your ads were blocked by ad-blockers (Raised $2M pre-Series A).
Visuals
Three visuals worth taking a look at...
Outside Interests
Interesting internet finds…
New York shut down a Ponzi scheme run by a Harvard MBA.
The business behind inflatable nightclubs.
NATO countries reject Macron’s suggestion to send troops to Ukraine.
Ninja released a premium chocolate milk.
Police were called to a Fyre-Festival-like "Willy Wonka Experience."
Microsoft offered to sell Bing to Apple in 2018.
Rolex dominates the luxury watches with a 30% market share.
YouForm is a free alternative to Typeform.
Meme Cleanser
Weekly Poll
Apple is canceling its decade-long, multi-billion dollar effort to carve out a place in the electric vehicle market. Did you know Apple was building an electric car? Click the corresponding link to record your answer.
Last Week’s Poll Results: 86% of you would buy an Apple smart ring.
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Newsletter researched/written by Will Sullivan
and edited by Andrew Coath.