Will's Weekly Roundup

Apr 29th - May 5th

"Only when the tide goes out do you discover who's been swimming naked."

— Warren Buffett

Top stories this week:

  • Intel committed $28B to building the world’s biggest chip factory in Ohio.

  • Walmart launched a premium brand to compete with Whole Foods. 

  • Delta’s missing emergency slide that fell off a flight was found washed up in front of the house of a lawyer whose firm is suing Boeing over the Alaska Airlines fiasco. 

  • Airbnb released “Icon Stays” (see picture at bottom of newsletter).

Headlines

Headlines you missed (or need to see again)...

  • Apple is in talks with OpenAI for iPhone generative AI features.

  • SpaceX added a cosmic tourism offering to its website. 

  • Kim Kardashian’s PE firm only raised a fraction of its $1B goal.

  • Google became the fourth company to reach a $2T market cap.

  • Sony officially joined Apollo’s $26B all-cash bid for Paramount.

  • BlackRock will introduce lifetime payment 401(k)s.

  • Two satellite telecom giants joined forces to compete with Starlink. 

  • Apple is reportedly cutting its Vision Pro headset shipment forecast.

  • Mysterious GPT-4-quality chatbot was quietly launched, then quickly disappeared.

  • The FDA is considering putting health risk labels on food items.

  • Cannabis ETF is up 25% after Biden proposed to reclassify marijuana.

  • Tesla received approval to deploy self-driving in China, the world’s biggest auto market. 

  • Binance’s founder was sentenced to 4 months in prison.

  • Apple is poaching experts from Google for it new secretive European AI lab. 

  • Mercury is going to release a personal banking app.

  • U.S. Homeland Security formed an AI special counsel. 

  • Twitter co-founder is joining the board of Twitter-rival Mastodon.

  • General Atlantic and CVC halt deals in south-east Asia as Gaza boycotts intensify. 

  • Open AI might have solved the ‘AI memory’ problem.

  • WeWork struck a restructuring deal to avoid bankruptcy.

  • 2nd AI Safety Summit is expected to have low attendance.

  • ChatGPT is facing another privacy complaint in the EU.

  • Pfizer’s first gene therapy for a rare bleeding disorder was approved by the FDA.

Data

Statistics that caught my eye…

  • Chipotle workers can reach a $100k annual salary in just 3 years. 

  • Completing 20 Uber rides per week as a driver is enough to pay for the cost of owning the car. 

  • Half of the Fortune 100 companies have purchased Apple Vision Pro units.

  • Japan’s oldest VC firm is on target to 3x the value of its investments. 

  • Nearly 60% of orders placed through Amazon Prime in the top 60 U.S. metro areas in Q1 arrived the same or next day, up 50% from FY23 Q2.

  • Edtech stocks have tanked over 10% because of ChatGPT popularity. 

  • Github Copilot is growing 35% quarter over quarter. 

  • 78% of Americans say social media companies have too much power.

  • 44 million households pay rent in the U.S.

Top Picks

Specific articles and podcasts worth taking a look at…

  • Vinod Khosla on investing, contrarian bets, and Khosla Ventures. PODCAST

  • The new math of driving your car till the wheels fall off. WSJ

  • 16 changes to the way enterprises are building and buying generative AI. a16z

  • When will flying taxis get off the ground? WSJ

  • The "Planet Fitness" era of SaaS is over. SUBSTACK

  • The future of EV charging might be wireless and on the road. WSJ

  • Dear venture capitalists: You're blowing it. AXIOS

  • Why RAG won’t solve AI’s hallucination problem. TECH CRUNCH

  • Tech predictions for the next 10-25 years by Vinod Khosla. TWITTER

Visuals

Three visuals worth taking a look at...

Outside Interests

Interesting internet finds…

  • Dave & Buster’s will allow customers to bet on arcade games.

  • The rot at top U.S. universities begins with the faculty: a WSJ Opinion piece. 

  • Snapchat will soon let you edit messages up to 5 mins after sending.

  • Price's Law states that 50% of all work will be done by the square root of the total number of people who take part in the work.

  • The chinchilla point describes the threshold of marginal diminishing return when training an AI model - the point at which the amount of compute and money being spent isn’t worth the incremental improvement to the model.

Meme Cleanser

Weekly Poll

79% of you think a 24/7 stock exchange is a good idea.

This Week’s Poll:

Source: Airbnb

Airbnb released "Icon Stays" a collection of experiences hosted by the greatest names in music, film, and TV - currently including a replica of the floating house from the movie 'Up.' Would you stay overnight in the floating house? Click the corresponding link to record your answer.

Check out the other Icon Airbnb’s here.

Share Will’s Weekly Roundup

Like the newsletter? Share it with your friends, family, and colleagues.

Or forward this link:

If this email was forwarded to you, subscribe here.

Newsletter researched/written by Will Sullivan 

and edited by Andrew Coath.