💸 Amazon Discount Store, YouTube AI Music, SpaceX to destroy

Deep Dives & Tools 💬

Why employees actually leave vs what employers think - McKinsey

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News & Trends 📢

YouTube wants to license songs for its AI music generator - and it’s going all out to woo record labels - READ MORE

As firms like OpenAI seek to license content for its training model, YouTube (Google) is negotiating with major record labels to license songs to train its AI generator. However, any deal would likely require artists’ approval and over 200+ artists have signed an open letter denouncing the use of AI.

Hardware Coverage

• Robots with “living skin”: Japanese scientists have used human cells to develop “living skin” for robots and potential androids - READ MORE

• Nvidia rival raises $68m for edge computing: Axelera has raised a $68m Series B to build AI processing unit applications which can be deployed across IoT devices and other use cases - READ MORE

• Sohu chip claims to be 20x faster and cheaper than Nvidia 

  

  Etched has created the Sohu AI chip - which, in terms of LLM inference, is purportedly 20x faster than Nvidia’s flagship H100 GPUs - READ MORE

• According to Goldman Sachs, here are the 15 Best Hardware Stocks to Invest In - READ MORE

SpaceX awarded an $843m contract to literally destroy the International Space Station - READ MORE

Amazon plans to launch discount store, to try and fend off Temu and Shein - READ MORE

Amazon hosted a closed-door event for sellers in China, where it presented plans for a new budget storefront. The storefront would directly compete with Temu and Shein, two emerging e-commerce sites with ties to China that have grown in popularity in the U.S.

Asia in the News

• Lapse but no fraud by Byju’s: Byju’s, once India’s most valuable startup ($10b+) and now worth $0, was cleared of charges of fraud and malpractice by Indian government inspectors - READ MORE

• Hitachi edges out giant Sony: Hitachi has surpassed Sony in market cap amidst AI fervor - it has partnered with Microsoft and plans to hire 50,000 employees on AI-related initiatives - READ MORE

• Nvidia enters the Middle East: Nvidia is building AI data centers and services in the Middle East - starting off with Kuwait - amidst increasing US-China tech tensions - READ MORE

McKinsey, BCG and other consulting firms see increased demand for AI advisory services (around 20% of BCG’s revenue comes from this) - READ MORE