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  • 🚀 Apple Cancelled It’s Electric Car Project

🚀 Apple Cancelled It’s Electric Car Project

PLUS: Nvidia surpasses $2 trillion valuation, Boring Company has faced serious safety violations

Dear founder, here’s your 3-minute recap (without the fluff):

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đź“š Resources

Gymshark released its annual financial report (link)

The first thing you need to know to start a niche media business (link)

List of all 119,000+ chrome extensions sorted by traffic to the page (link)

10 best tools to double your productivity (link)

PS. If you’re interested in this AI stuff, you should sign up for our other newsletter - Prompts Daily. It has 100,000+ readers (Executives, VCs, and engineers). Sign up with one click.

đź’° Funding

China’s Moonshot AI zooms to $2.5B valuation, raising $1B for an LLM focused on long context (link)

Recogni raises $102M to develop AI inference chip (link)

đź’Ľ Job Board

Business Development Specialist at JPMorgan Chase & Co (US)

Natural Language Processing at Acumen (Remote)

đź’Ś Etcetera

Are flying cars finally here?

10 UFO sightings around the world

The most spoken languages worldwide

22 maps and charts that will surprise you

8 animals that live in extreme environments

What happens if you skydive through a cloud?

11 safety tips to memorize before your next flight

Why is the speed of light a random finite number? 

🗞️ News 

Apple Abandons Decade-Long Electric Car Project

Apple Inc. has decided to stop its electric car project after ten years of work. About 2,000 employees will now focus on generative AI under John Giannandrea. This change in direction reallocates resources to AI projects, a strategic move for Apple. The decision has received varied responses, with investors feeling relieved and Elon Musk from Tesla showing support. This shift marks a significant change for Apple, concluding a costly effort to enter the automotive sector.

Nvidia Surpasses $2 Trillion Valuation

Nvidia has made a significant achievement by reaching a $2 trillion market cap, establishing itself as a leader in AI chip technology. This milestone places Nvidia as the third U.S. company to reach this valuation, following Apple and Microsoft. Nvidia's strong presence in the AI chip industry, highlighted by its H100 and H200 series, showcases its crucial role in enhancing computational power for AI applications in various sectors such as healthcare and autonomous vehicles.

There’s One Musk Endeavor That’s Not Doing So Great

Elon Musk's Boring Company in Nevada has been hit with hefty fines totaling over $112,000 for serious safety breaches in its Las Vegas tunnels. Workers faced unsafe conditions like navigating chemical sludge and enduring scorching temperatures above 100°F. Incidents of burns, including a severe injury to a worker's face, have raised concerns about safety practices despite the company disputing the citations. This underscores the risks linked to the company's activities.

That’s it for now!

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