🚀 CrowdStrike's Epic Fail

PLUS: Wiz walks away from $23 billion, Visa's fiscal third-quarter profits rise 9%

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

  • Boost your social media for FREE*: Simply describe your business or share a URL, and let the AI engine do the rest

  • CrowdStrike CEO summoned to testify before US Congress over disastrous software update that crashed millions of Windows computers worldwide (link)

  • Wiz walks away from $23 billion Google deal, will pursue IPO instead (link)

  • Payment processing giant Visa reports 9% rise in fiscal third-quarter profits as digital payments grow (link)

  • New tools, resources, funding updates & job postings

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🛠️ Tools

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Hopy copy - Writes better email campaigns, Uses AI to generate powerful content for hundreds of different email marketing campaigns (link)

FeedHive - Helps to create, schedule, publish, and easily manage your social media content at scale (link)

Pecan - Empowers data analysts with basic SQL knowledge to easily create powerful machine learning models (link)

DomoAI - Helps to empower your enterprise with secure and flexible AI (link)

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)

Vena Insights - An intelligent analytics platform that transforms business planning (link)

Zendesk - An AI-powered customer service and sales CRM platform that helps businesses provide exceptional customer experiences (link)

📚 Resources

How a psychiatrist changed tea-loving Japan to become the world's 6th largest coffee importer (link)

One of the cool podcasts on copywriting by David Perell (link)

“How to evaluate new business ideas?” from an owner of 4 online businesses (link)

Content that every brand should make (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.

💰 Funding

Monarch Tractor announces $133M Series C funding - marking largest-ever raise in agricultural robotics (link)

Slope secures $65M in strategic funding to enhance B2B payments platform (link)

💼 Job Board

Infrastructure and Services Sales Director at Intel (US)

Staff Machine Learning Engineer at Angi (Remote)

💌 Etcetera

Generate social media content with just a click

"Karat" vs. "Carat": what's the difference?

How the invention of the car changed the world

America’s cheapest sources of electricity in 2024

The 25 US cities with the largest homeless populations

We’re at a make-or-break moment for US climate goals

New theoretical calculation solves the “muon g-2” puzzle

‘Dark oxygen’ on ocean floor may rewrite Earth’s origins of life

What is the UN's Summit of the Future in 2024 and why is it important?

110 years later, a stunning new photo may finally show the iceberg that sank the Titanic

Secret Service director steps down, heeding calls to quit after Trump assassination attempt

🗞️ News

CrowdStrike CEO summoned to explain epic fail

The U.S. House Committee on Homeland Security has summoned CrowdStrike CEO George Kurtz to testify regarding a recent software update that caused a massive global IT outage. The incident, described as potentially the largest in history, disrupted key sectors including aviation, healthcare, and emergency services, leading to over 3,000 flight cancellations and numerous service delays.

Kurtz is expected to provide details on the incident and the company's response by 5 PM ET on July 24. The committee emphasized the need for transparency and learning from this failure to prevent future occurrences

Wiz walks away from $23 billion deal with Google

Wiz has declined a $23 billion acquisition offer from Google, opting instead to pursue an initial public offering (IPO). CEO Assaf Rappaport informed employees that the decision was influenced by antitrust concerns and the desire to maintain control over the company's future.

Founded in 2020, Wiz has rapidly grown its cloud security business, reaching $350 million in annual recurring revenue. The company aims to achieve $1 billion in recurring revenue and successfully execute its IPO plans, marking a significant shift in its strategic direction

Visa's fiscal third-quarter profits rise 9%

Visa Inc. reported a 9% increase in adjusted profits for its fiscal third quarter, earning $4.87 billion, or $2.40 per share. This growth is attributed to the ongoing shift from cash to digital payments, with the company processing $3.325 trillion in transactions, a 7.4% increase year-over-year. Notably, U.S. transaction growth outpaced economic growth at 5.1%.

However, Visa noted a slight slowdown in credit and debit card payment volume growth, decreasing from 8% to 7%, possibly due to market saturation and fewer new industries adopting digital payments.

That’s it for now!

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

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