👕 Alphabet’s Q3 2024 Financial Breakdown: Dominance in Ad Revenue Fuels Future Tech Investments

Alphabet’s Q3 2024 revenue of $88 billion — driven by $66 billion in advertising from Google Search and YouTube — enabled significant investments in R&D and emerging tech like Waymo's autonomous vehicles and AI developments.

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🙂 CoffeeSpace: A Co-Founder Matching App for Entrepreneurs — Startup Review

CoffeeSpace is a new social networking app inspired by Hinge that connects aspiring founders with potential co-founders, offering filters like expertise and working style to help find compatible business partners.

🙂Would you use an app to find your ideal co-founder?🙂

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⚡️ MIT’s New Model for Training Robots Inspired by Large Language Models

MIT researchers have developed a “Heterogeneous Pretrained Transformers” (HPT) model for robots, using diverse datasets to help robots adapt to changing environments, similar to the vast data used in training language models like GPT-4.

🙂 Would you trust a robot trained like ChatGPT to work in your home? 🙂

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Wiz CEO Assaf Rappaport on Turning Down a $23 Billion Offer from Google

Wiz CEO Assaf Rappaport revealed that rejecting Google’s $23 billion acquisition offer was a difficult decision, but he believes Wiz has the potential to grow into a $100 billion company as it leads the future of cloud security.

🙂Would you have made the same choice? 🙂

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❗️ Avoid Data Overload in GenAI: Focus on Smaller Goals First

In early generative AI applications, experts at TechCrunch Disrupt emphasize prioritizing clear, specific goals rather than throwing massive data sets into projects from the outset. Leaders like DataStax CEO Chet Kapoor and NEA partner Vanessa Larco argue that focusing on smaller, practical goals will yield better results in the long run.

🙂What small-scale GenAI application would you find most impactful in your organization? 🙂

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🟢 Meta's Ambitious Leap with Llama 4 AI Models

Meta's CEO, Mark Zuckerberg, announced that the upcoming Llama 4 models are being trained on a GPU cluster exceeding 100,000 H100 chips, positioning Meta at the forefront of the generative AI race, with an expected launch in early 2025.

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👀 Threads Hits 275M Monthly Active Users

Meta’s Threads platform, launched in July 2023, has reached 275 million monthly active users, adding 75 million in just three months.

🙂Do you think Threads can keep up this growth and address its moderation challenges?🙂

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🌐 Affirm Enters the UK as BNPL Market Faces Overhaul

Affirm has launched its buy-now-pay-later (BNPL) services in the U.K., entering just as regulators are considering stricter BNPL rules.

🙂Could Affirm’s unique approach reshape how Brits view buy-now-pay-later services?🙂

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💻 Where Companies Are Investing Most in AI Solutions

Ramp's analysis shows that AI spending surged by 38% year-over-year in Q3 2024, with engineering departments leading in average monthly costs at $2.7K.

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🙂 Alan Launches AI Health Assistant for Members — Startup Review

French startup Alan has introduced a new AI health assistant named Mo, designed to enhance medical conversations for its 680,000 health insurance members, providing quick access to medical advice while ensuring safety through doctor verification, alongside other health-focused product offerings and gamification features.

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🥸 Why Startups Are Losing Their Playful Edge

Startup names have taken a turn from quirky to serious in recent years, particularly in the AI sector. As consumer-focused funding decreases and trademark restrictions tighten, startups lean toward pragmatic, spellable names, aiming to appeal to investors. However, some playful outliers, like “Greptile” and “CopyFrog”, still emerge, reminding us of the potential appeal of offbeat branding.

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💡 Researchers Build $120 Robot Arm to Clean Spills Using GPT-4o in Just Four Days

UC Berkeley and ETH Zurich researchers Jannik Grothusen and Kaspar Janssen used GPT-4o to train a budget-friendly $120 robot arm to clean spills, developing a visual language model for human-robot interaction within just four days.

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🔔 Regulatory Challenges Thwart Amazon and Meta's Nuclear Power Plans

Recent regulatory rulings have hindered Amazon and Meta's efforts to secure nuclear power for their expanding data centers, with Meta's AI data center project facing delays due to environmental concerns and Amazon's power agreement being rejected by the Federal Energy Regulatory Commission over reliability issues for other customers.

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❗️ Mozilla Foundation Cuts 30% of Staff, Eliminates Advocacy Division

Mozilla Foundation has laid off 30% of its workforce, including its advocacy and global programs teams, as it shifts focus to enhance agility and impact amid rapid tech industry changes.

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⛔️ EU Launches Antitrust Probe into Corning's Gorilla Glass Deals

The European Union has opened an investigation into Corning, scrutinizing its agreements with mobile manufacturers, suspecting anti-competitive practices in the protective glass market that could limit consumer choices and drive up prices.

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⚡️ Lyft Enters New Autonomous Vehicle Partnerships with May Mobility, Mobileye, and Nexar

Lyft has announced collaborations with May Mobility, Mobileye, and Nexar to bring autonomous vehicle (AV) technology to its platform, starting in Atlanta in 2025, expanding its AV network and providing data insights for safer AV development.

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🙂 Do You Have the Founder's DNA?

Thinking of becoming a founder? Recent research highlights the top 10 personality traits — like adventurousness, resilience, and high energy — that set founders apart, showing that a unique mix of confidence, calm, and cooperation can help them thrive in the startup world. Here’s the full list:

1. Love of adventure
2. Lack of modesty
3. High activity level
4. Low anxiety
5. Focus on long-term results
6. Trustworthiness
7. Non-negativity
8. Optimism
9. Tendency to cooperate
10. Low emotionality

🙂How many of these 10 traits do you have? 🙂

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🧳 Nearly Half of US Unicorn Founders Were Born Outside the US.

New research shows that nearly 50% of U.S. unicorn founders were born outside the U.S., highlighting the critical role of immigrant innovation, especially from countries like India, Canada, and the U.K.

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ℹ️ Yelp Acquires RepairPal for $80M to Expand Auto Services Offering

Yelp has acquired car repair estimate site RepairPal for $80 million, aiming to strengthen its services sector with a new focus on the U.S. auto services advertising market.

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🔗 Amazon Eyes Increased Investment in Anthropic, With a Key Condition

Amazon is negotiating a potential multi-billion-dollar investment in Anthropic, its first since last year's $4 billion deal. The new investment would require Anthropic to use Amazon's own silicon, hosted on AWS, to train its AI, despite the company's preference for Nvidia chips. This comes as Anthropic projects a $2.7 billion burn rate for 2024 and seeks funding at a $40 billion valuation.

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💡 Panjaya Revolutionizes Video Dubbing with AI-Powered Translation Tool

Panjaya’s AI-powered dubbing tool, BodyTalk, offers hyperrealistic video translations by matching voices and lip movements to new languages. The startup has raised $9.5 million to expand its B2B offerings.

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