🚀 Apple Watch Potential Ban in US

PLUS: OpenAI's $1M Startup Fund, Nikola Founder Sentenced to Four Years in Prison

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

  • Apple watch potential ban in the US

  • OpenAI's $1 million startup fund

  • Nikola founder sentenced to four years in prison

  • New tools, funding updates & job postings

In Partnership With

🛠️ Tools

Wix Studio - It transforms your designs with brilliance and efficiency, offering pixel-perfect, responsive editing, and effortless animation with no-code tools (link)

llElevenLabs - Create natural AI voices instantly in any language, perfect for video creators, developers, and businesses (link)

đź“š Resources

Look at which countries are most interested in AI, you won't believe the USA is not in the top 10 (link)

How to teach your children to love what they do (link)

If you're concerned about naming a company, this tweet is for you (link)

Adobe's CEO explains why they dropped their plans to acquire Figma for $20 billion (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.

🗞️ News 

Apple's $17 Billion Smartwatch Crisis

Apple faces a high-stakes challenge as it races to address patent infringement issues on its smartwatches, particularly the blood oxygen measurement feature. With a potential ban looming on Dec. 25, the company is focused on software fixes to satisfy regulators and continue sales. However, the dispute with Masimo Corp. over hardware-related patents adds complexity, potentially impacting a significant revenue stream and the Apple ecosystem's appeal.

OpenAI's $1 Million Startup Fund

OpenAI, the force behind ChatGPT, pioneers a groundbreaking opportunity for aspiring AI startup founders with the launch of its Startup Fund. Offering $1 million in funding, along with a comprehensive six-week program, this initiative is set to transform the landscape for innovative AI startups. Open to all, regardless of prior AI experience, the fund is more than financial support—it's a gateway to unparalleled resources, mentorship, and collaboration in the AI domain.

Nikola Founder Imprisoned for Four Years

The founder of Nikola, Trevor Milton, has been sentenced to four years in prison for defrauding investors of the electric and hydrogen-powered truck maker. Convicted on two counts of wire fraud and one count of securities fraud, Milton faces a $1 million fine and potential property forfeiture. Despite a lower sentence than prosecutors sought, the judgment reflects the severity of Milton's actions.

đź’° Funding

Tamara raised $340M Series C funding at $1B valuation for its Saudi shopping and BNPL platform (link)

Essential AI raises $56.5M Series A to build the enterprise brain (link)

đź’Ľ Job Board

Sr. Account Manager at Amazon Web Services (US)

AI/ML Program Manager at Hugging Face (Remote)

That’s it for now!

Hope you enjoyed this week’s edition! See you next week.

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