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- 🚀 New $2 Trillion Company
🚀 New $2 Trillion Company
PLUS: Apple reportedly cuts Vision Pro production, Meta loses over $200 billion in market value.
Dear founder, here’s your 3-minute recap (without the fluff):
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Google has officially become a $2 trillion company, solidifying its position as one of the most valuable public companies in the world.
Apple reportedly cuts Vision Pro production due to lower-than-expected demand.
Meta loses over $200 billion in market value as Zuckerberg focuses earnings call on AI and metaverse investments.
New tools, resources, funding updates & job postings
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🛠️ Tools |
Pieces for Developers - An on-device AI copilot that provides contextual coding assistance across your entire workflow (link)
Work faster and smarter with Sana AI - your new knowledge assistant. Try it for free (link)
Entrepreneurs - Learn to effectively leverage AI in your business with this ultimate guide from HubSpot (link)
Higgsfield - Turn selfies into lifelike videos with just a prompt. Make dance trends, and memes with just a selfie (link)
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Ideogram.ai - A free tool that uses generative AI to turn text into delightful images, with no limits (link)
Brandwatch - Helps you understand your consumer data with advanced AI analytics (link)
Arc - A browser that helps you effortlessly organize your online life - work, study, hobbies, and more (link)
đź“š Resources
How proper hiring allows Codie Sanchez to run 20+ businesses at once (link)
Raised billions, yet barely scraped by - a candid look at the startup hustle in Silicon Valley (link)
This is what Jeff Bezos says about team communication (link)
Present value of your $10,000 if invested in these companies 20 years ago (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’° FundingNeysa bags $20M to accelerate GenAI adoption for enterprises (link) Prophet Security secures $11M in seed financing to supercharge security operations (link) | đź’Ľ Job BoardPrincipal Account Executive at Google (US) Senior ML Engineer, Financial Crimes at Square (Remote) |
đź’Ś Etcetera
AI + SEO = sales growth engine
25 ways to travel cheaply and see the world
The star explodes every 80 years and survives
25 most influential people in history by attribute
A look at Lisbon's Livraria Bertrand, the world’s oldest bookstore
Why do animals run faster than their robot doppelgängers… for now
The vital links between the Amazon rainforest, global warming and you
How gambling affects the brain and who is most vulnerable to addiction
NASA HQ picked their best photos of the year. Here are our 13 favorites
What happens after your country runs on 99 percent renewable electricity?
🗞️ News
Google Is Officially A $2 Trillion Company
Google's parent company, Alphabet, has officially surpassed the $2 trillion market cap threshold, a milestone achieved after briefly touching $2 trillion in November 2021. Despite facing challenges from generative AI and regulation, Google's Q1 2024 earnings report shows a 15% increase in revenue and 14% increase in profit year over year. Investors are optimistic as Google solidifies its position as the fourth most valuable public company globally, showcasing resilience amidst industry shifts.
Apple Cuts Vision Pro Production
Apple is reportedly cutting its Vision Pro headset shipment forecast for the rest of the year due to cooling demand. Analyst Ming-Chi Kuo indicates that Apple now expects to sell only around 400,000 to 450,000 units in 2024, significantly lower than the market consensus of 700,000 to 800,000. This drop in demand for the $3,500 Vision Pro has led Apple to adjust its headset roadmap, potentially delaying a lower-cost mixed-reality headset beyond 2025.
Meta Loses $200 Billion In Value
Meta CEO Mark Zuckerberg's earnings call emphasis on long-term AI and metaverse investments led to a 19% drop in shares, wiping out over $200 billion in market cap. Despite exceeding profit and revenue expectations, investors reacted negatively. Zuckerberg acknowledged the volatility, highlighting past monetization challenges.
Meta's focus on AI, mixed reality headsets, and AR glasses aim to convert investments into ad revenue, with a significant emphasis on future growth strategies. The company's Reality Labs unit continues to incur losses, with a strategic shift towards AI investments projected to drive future profitability.
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