🚀 Buffett selling Apple stake

PLUS: Meta’s Reality Labs posts $4.48B loss, SunPower once a $11B company files for bankruptcy

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

  • AI Strategy Consulting*: Build a data-driven AI strategy for your business.

  • Warren Buffett dumped half of his $160 billion stake in Apple (link)

  • Meta's Reality Labs unit recorded a $4.48 billion loss in the second quarter (link)

  • SunPower, a major rooftop solar installer, has filed for Chapter 11 bankruptcy (link)

  • New tools, resources, funding updates & job postings

Feeling lost in the AI hype? Don't waste time on irrelevant tech. Our AI strategy consulting, built for businesses like yours, will help you:

  • Identify Your Perfect AI Fit: Ditch the jargon and discover powerful AI tools that directly address your needs.

  • Effortless Implementation: Get a clear, step-by-step roadmap to bring your AI strategy to life.

  • Rapid Results: See real business growth in weeks, not years.

Ready to reclaim your time and unlock your business potential? Fill out the form today and let's chat about your AI future!

Want to advertise with us? Get started here.

🛠️ Tools

Combine AI with SEO data to create high-ranking content. Try ContentShake AI for free.*

Growth School*- Learn the 20 most powerful & insane AI tools on the internet. Join this FREE 3-hour Masterclass by Growthschool. Sign up here (100 free seats only!)

WebAI’s Summer Release Event*: Learn how to deploy some of the world's largest models locally. Save your seat to the live stream today →

Remotebase* - Build AI products effortlessly with Remotebase’s expert AI developers. Hire Now

EmailTree - Helps to automate your responses with an AI-powered tool that leverages your internal knowledge base for swift and accurate replies (link)

Scale Donovan - An AI-powered decision-making platform that can help operators and analysts understand, plan, and act in minutes (link)

Beautiful AI - An AI-powered presentation software designed for teams, offering features to stay on brand, automate design, and collaborate effectively (link)

Humantic AI - Uses AI to help sales teams understand buyers and close more deals through personalized outreach and communications (link)

TinyEinstein - An AI Marketing manager  that helps you grow your Shopify store 10x faster (link)

Krisp - Maximizes your productivity in any meeting and call with its AI-powered Noise Cancellation, Transcription and Meeting Notes (link)

đź“š Resources

Ryan Reynold's genius marketing campaigns (link)

A Google Ads business that quickly made over $30 million in profit (link)

A morning routine inspired by Tony Robbins (link)

How Jeff Bezos responded to shareholders when Amazon shares fell 80% (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

Tencent joins $300M financing round for Chinese AI startup Moonshot (link)

đź’Ľ Job Board

Partner Marketing at OpenAI (US)

Software Engineer, ML Platform at Reddit (Remote)

đź’Ś Etcetera

Build an AI strategy for your business

50 interesting facts about USA

46 surprising facts about 46 presidents

How a flock of birds can fly and move together

25 unbelievable people who changed the world

How TikTok's algorithm personalizes what you see

Einstein’s big insight that explained Newton’s law of gravity

How Asia's rice terraces are inspiring modern flood control

Olympic athlete hospitalized after swimming in Seine River

Local boy Kauli Vaast steals the show in men's surfing final

Countries with millionaire populations larger than entire nations

🗞️ News

Buffett sells half of Apple stake

Warren Buffett's Berkshire Hathaway has sold nearly half of its Apple stake, offloading approximately 390 million shares valued at over $50 billion, as part of a broader $76 billion stock sell-off. This decision comes as Apple reaches an all-time high market cap of $3.3 trillion.

Buffett's move, which has generated significant profits, is speculated to be a strategic hedge against potential tax increases and market uncertainties. Despite the sale, Apple remains Berkshire's largest holding, reflecting Buffett's continued confidence in the company

Meta’s Reality Labs posts $4.48 billion loss

Meta's Reality Labs reported a staggering operating loss of $4.48 billion for the second quarter of 2024, continuing a trend of significant financial setbacks. Since late 2020, the division has accumulated losses nearing $50 billion, despite a 28% increase in revenue to $353 million, primarily from VR headset sales.

Analysts had anticipated a slightly larger loss of $4.55 billion. As competition in the AR/VR market intensifies, former employees express concerns over Meta's strategic direction and management capabilities in this sector.

SunPower once a $11B company, files for bankruptcy

SunPower has filed for Chapter 11 bankruptcy protection and plans to sell its assets, including its Blue Raven Solar and New Homes divisions, to Complete Solaria for $45 million, pending court approval. The company's stock plummeted nearly 44% to 45 cents per share following the announcement, reflecting a decline of over 90% this year.

SunPower has faced significant challenges, including high interest rates impacting demand and allegations of misconduct in its financial reporting. Cumulative losses have reached approximately $50 billion since late 2020, raising doubts about the company's future viability.

That’s it for now!

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

If you have a second, I’d appreciate it if you left a rating for this email (1-5, 5 being the best).