🚀 Trump Tariffs: 40% Electronics Price Hike

PLUS: 23andMe’s Entire Board Resigned, IMF Lowers Global Growth Forecast.

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

  • Learn to build a 6-figure AI consulting business in 6 months* (More)

  • Trump's proposed tariffs could increase the price of laptops by over $350 and other electronics by up to 40% (link)

  • 23andMe's entire board resigned, publicly rebuking CEO Anne Wojcicki's strategic direction for the struggling genetic testing company (link)

  • The IMF has lowered its global growth forecast for 2025 and warned of increasing risks from geopolitical conflicts and trade protectionism (link)

  • New tools, resources, funding updates & job postings

TOGETHER WITH INNOVATING WITH AI

The AI consulting market is about to grow by a factor of 8X – from $6.9 billion today to $54.7 billion in 2032. But how does an AI enthusiast become an AI consultant? How well you answer that question makes the difference between just “having AI ideas” and being handsomely compensated for your contribution to an organization’s AI transformation.

Thankfully, you don’t have to go it alone – our friends at Innovating with AI have welcomed 300 new students into The AI Consultancy Project, their new program that trains you to build a business as an AI consultant.

Some of the highlights current students are excited about:

And as a reader of Prompts Daily, you have a chance to get early access to the next enrollment cycle.

Want to advertise with us? Get started here.

🛠️ Tools

Sana AI: your free all-in-one assistant that analyzes, drafts, finds, and automates across your apps* (link)

Superhuman - A productivity-boosting email platform that helps teams work faster and more efficiently, now 1 months free (link)

Anyword - An AI writing platform for enterprise marketing teams (link)

ScrapetoAI - Helps you extract data from websites for your custom GPTs (link)

Predis - An AI-powered social media content creation, strategy analysis and hashtag recommendations for brands and influencers (link)

AImReply - An AI email writer that was made for busy professionals with a lack of time and a need to adapt to a variety of situations (link)

Smartlead - Helps to convert cold emails to consistent revenue with creative campaigns (link)

AIVA - An Al music generation assistant that allows you to generate new songs in more than 250 different styles, in a matter of seconds (link)

Sessions - An AI-powered platform that makes meetings and webinars productive (link)

Lucidchart - An intelligent diagramming application that brings teams together to make better decisions and build the future (link)

đź“š Resources

Nike memo from 1977 (link)

Everyone wants to be a Youtuber these days (link)

Reading 30 minutes a day = 1,000 books in 50 years, explained how (link)

Why Elon's $44 billion purchase of X is the single greatest investment in human history (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).

đź’° Funding

Lightmatter raised $400M to develop photonic data centers (link)

Zip raised $100M at a $1.5 billion valuation to fund new AI-based capabilities and customer adoption (link)

đź’Ľ Job Board

Senior Video Lead at Google (US)

Sr. Applied ML Researcher at Splice (Remote)

đź’Ś Etcetera

Build a 6-figure AI consulting business

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The world’s most powerful passports in 2024

Is Africa splitting in two? Really? Here's the scoop

Why obesity is rising and how we can live healthy lives

Wireless network gets data from sensors the size of salt grains

Origami modules could build bridges, shelters, and stuff in space

How has technology changed and changed us in the past 20 years?

10 shipwrecks dating from 3000 BC to the World War II era found off the coast of Greece

🗞️ News

Trump Tariffs Would Increase Prices

Donald Trump has proposed imposing tariffs of 10% to 20% on goods from all countries, with a steep 60% rate specifically for Chinese imports. According to the Consumer Technology Association, these tariffs could raise laptop prices by 45%, adding over $350 to the average cost. Other electronics like smartphones and game consoles would also see significant price increases.

Critics warn that these tariffs would burden consumers and potentially harm the economy without creating substantial jobs.

23andMe’s Entire Board Resigned

Anne Wojcicki, CEO of 23andMe, faces a leadership crisis as all seven board members resigned. This mass departure follows Wojcicki's controversial plan to take the company private amid declining valuation and operational struggles. The board publicly rebuked her strategic direction, citing disagreements over her management style. Wojcicki remains optimistic about the company's future, asserting she can navigate these challenges despite significant setbacks.

IMF Lowers Global Growth Forecast

The International Monetary Fund has lowered its global growth forecast for next year to 3.2%, citing rising risks from geopolitical tensions and trade protectionism. The IMF warned that these factors could hinder economic recovery and affect commodity markets. Inflation is expected to decrease to 4.3% in 2025, down from 5.8% this year.

The organization also expressed concerns about escalating global public debt, projected to reach $100 trillion by year-end. The euro area's growth forecast was downgraded to 1.2%, while China's outlook was cut due to real estate sector weaknesses.

That’s it for now!

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

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