Good Evening!
The Starbucks on your commute might be closing.
Here are the 7 things you missed today:
1. 💰 Nvidia’s $5Bn Intel Stake is Official
Consider that check cashed. Intel has completed its $5 billion share sale – 214.8 million shares at $23.28 – to Nvidia after getting regulatory clearance earlier this month. The sale gives Nvidia roughly a 4% stake in Intel. (Quartz)
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3. 🤝 Nvidia is Licensing AI Chip Competitor Groq
Speaking of Nvidia… the chip maker has struck a non-exclusive licensing agreement with AI chip competitor Groq (not to be confused with X’s Grok). As part of the deal, Nvidia will acquire $20 billion of Groq assets and hire Groq founder Jonathan Ross, president Sunny Madra, and other employees. (TechCrunch)
4. 😴 Grapevine Launched a Solution to Solve Creative Fatigue
Tell me if this sounds familiar:
Winning ads burn out in 7-21 days
Performance drops because creative stops resonating (not because of bidding or targeting)
The team can’t produce enough high-quality concepts fast enough
If you’re nodding your head, you need a different approach like, yesterday. Grapevine works with your brand to produce authentic UGC creatives and landing pages to run whitelisted ads on paid social channels. All of the creative velocity, none of the operational drag.
5. 🇯🇵 SoftBank is Buying DigitalBridge for $4Bn
Everyone’s racing towards AI. As part of its AI push, Japan’s Softbank is agreeing to buy data center investment firm DigitalBridge for $4 billion. The deal will see SoftBank acquire all the outstanding common stock of DigitalBridge for $16 per share in cash and is expected to close in 2026 H2. (CNBC)
6. 😰 OpenAI is Hiring Someone to Worry About AI
Are you a worrier? OpenAI wants you. The AI company is hiring a Head of Preparedness. Or better known as: someone whose primary job is to think about all the ways AI could go wrong. CEO Sam Altman just posted the job on X, so maybe check it out if that sounds like a fit for you. (The Verge)
7. 🏚️ Starbucks Doesn’t Want to Be On Every Street Anymore
Ever planned to meet up with friends at a Starbucks and ended up at a different location on the same street? The coffee giant wants that to be a thing of the past. CEO Brian Niccol has ordered roughly 400 stores to close nationwide concentrated in large metro areas to revive its business, including 12% of its total NYC locations. (CNN)
🙇 How I’m Helping CEOs This Week
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