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- 🚀 Rivian Secures Up To $5B Investment
🚀 Rivian Secures Up To $5B Investment
PLUS: Dell’s US Workforce Rejects Return-to-Office, Tesla Recalls Cybertrucks Over Wiper, Trim Issues
Dear founder, here’s your 3-minute recap (without the fluff):
Get an AI Chatbot*: Automate tasks, boost productivity, and give yourself a competitive edge.
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial $1 billion investment (link)
Almost half of Dell's full-time US workforce has rejected the company's return-to-office push (link)
Tesla issues another recall for the Cybertruck due to a problematic windshield wiper issue (link)
New tools, resources, funding updates & job postings
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Colossyan - Helps to create AI videos from text in minutes and auto-translate to dozens of languages with the click of a button (link)
Dora AI - Generates fully customized 3D websites from simple text prompts using cutting-edge AI (link)
Character AI - Allows users to create and interact with customizable AI chatbots called characters (link)
Bitskout - Helps to create plugins that read and extract data from documents, and emails in a few clicks and use them in the tools like Asana, Zapier, or Power Automate (link)
Fireflies.ai - Automate meeting notes: transcribe, summarize, search, and analyze voice conversations across various platforms (link)
Mattermark - Accelerates sales and deal making through data and automation (link)
đź“š Resources
What is 'Specific Knowledge? from Naval (link)
The original DoorDash YC application from 2014 (link)
The Blank Sheet Method by Shane Parrish (link)
Earning with your skills, Expertise to Equity framework (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’° FundingHeyGen raised $60M to scale its avatar generation business (link) Bezos Centre for Sustainable Protein launches at Imperial with $30M funding (link) | đź’Ľ Job BoardConsumer Industry Analyst Relations at NVIDIA (US) Lead AI/ML Engineer, Algorithms at Upwork (Remote) |
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🗞️ News
Rivian Secures Up To $5B Investment
Volkswagen will invest up to $5 billion in electric vehicle startup Rivian, starting with an initial $1 billion. The additional $4 billion is expected by 2026. The deal will help Rivian become cash flow-positive as it ramps up production of its upcoming R2 SUV and midsize EV platform. Rivian's stock surged over 50% in after-hours trading following the announcement.
Dell’s US Workforce Rejects Return-to-Office
Dell's return-to-office mandate has been met with significant resistance, with close to 50% of the tech giant's full-time US employees opting to remain remote. Despite the company's efforts to enforce in-person work, including monitoring attendance and denying promotions to remote workers, a large portion of the workforce has refused to comply.
Many employees cited the personal and financial benefits of working from home as reasons for rejecting Dell's policy. The company's stance on rewarding in-office staff has been criticized, with experts advocating for more flexibility in the workplace.
Tesla Recalls Cybertrucks Over Wiper, Trim Issues
Tesla has issued two recalls for over 11,000 Cybertrucks. The first is for a faulty windshield wiper that can malfunction, reducing visibility. The second is for a loose trim piece that can detach. This marks the fourth Cybertruck recall since launch, highlighting ongoing challenges.
Tesla will replace wiper motors and address trim issues at no cost to owners. The recalls come as Tesla continues to ramp up Cybertruck production and deliveries.
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