Good Evening!
Your dinner delivery just made headlines.
Here are the 7 things you missed today:
1. ✨ Nvidia Unveiled its New AI Model
Nvidia just revealed its newest AI model, Cosmos 3 Edge, a so-called world model designed to help systems perceive and navigate physical environments in real time. The rollout follows the launch of Cosmos 3 in May and deepens Nvidia’s push into Japan’s physical AI market. (CNBC)
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3. 🥡 Uber Agreed to Acquire Delivery Hero in $14.8Bn Deal
The rumors are true: Uber has officially agreed to acquire German-based Delivery Hero in a $14.8 billion all-stock acquisition. The purchase will make Uber’s delivery platform one of the largest in the world (at least outside of China) hitting nearly 100 markets across Europe, the Middle East, Latin America, and Asia. (TechCrunch)
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5. 🧨 Nvidia-Backed Fireworks Hit $17.5Bn Valuation
Fireworks, a startup whose cloud service runs open-source AI models for software developers, raised $1.5 billion at a $17.5 billion valuation. The Nvidia-backed company is now generating more than $1 billion in annualized revenue, 5x more than it had last year. (CNBC)
6. 🚙 Sheryl Sandberg Led a $10M Investment into an AI-Powered Vehicle Inspection Service
Now this is an interesting use of AI. Sheryl Sandberg has led a $10 million investment into Self Inspection, a San Diego-based startup that’s also backed by former Tesla president Jon McNeill’s DVx Ventures. Founded in 2021, the startup has been working to properly assess body damage on a car with as little tech as a smartphone camera. (TechCrunch)
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7. ⛽️ BP Shut Down its Corporate Venture Arm After 20 Years
BP’s no longer in a relationship with climate tech. After pivoting away from clean energy earlier this year, the oil giant just announced that it’s selling the majority of its venture portfolio (more than 10 companies) to Verdane, a Nordic private equity firm. (TechCrunch)
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