Thursday, September 12

What you missed today

Author

Max
September 12, 2024

Good evening!

If you’re worried about AI coming for human jobs and tasks, maybe don’t read OpenAI’s news today…

Here are the 7 things you missed today:

1.  🐄 General Mills Sold North American Yogurt Biz

There’s tough competition in the yogurt business these days. As a result, General Mills announced plans to sell its North American yogurt business to French dairy firms Groupe Lacatalis (to acquire the U.S. business) and Sodiaal (to buy the Canadian unit) in a $2.1 billion deal.

2.  ☝️ Have You Tapped Into The Power of Micro-Influencers Yet?

Most brands either spend their budget on one-off influencer shoutouts or UGC content but our friends over at minisocial have a more inventive way to work with influencers.

Their magic? They book a list of micro-influencers perfect for your brand who provide both reach and fully-licensed UGC content.

DTC Unicorn Harry's worked with minisocial to source more than 25 highly effective videos from micro influencers, generating powerful content for use on their acquisition channels

3. 🧠 OpenAI’s Newest Model Can Think

OpenAI is releasing its newest model, o1, to ChatGPT Plus and Team users today. It’s the first in a planned series of “reasoning” models, trained to answer more complex questions faster than a human can. If you’re in the know, this is the rumored Strawberry model.

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5. 👩‍💼 Microsoft Hired GE’s CFO as New COO

Microsoft is welcoming Carolina Dybeck Happe as its Executive Vice President and Chief Operations Officer, reporting to CEO Satya Nadella. Dybeck Happe was GE’s Senior Vice President and Chief Financial Officer from 2020 until September 2023.

6.  💉 Moderna Announced Plans To Cut $1.1Bn

While a downturn in Covid has been great for the population, it’s not great for Moderna’s bottom line. The biotech company announced plans to cut $1.1 billion in expenses and win approvals for 10 new products by 2027. As a result, shares of the company fell more than 15% today.

7.  ✂️ Europe Cut Interest Rates (Again)

The European Central Bank cut interest rates today, much to the benefit of borrowers. This is the second time in recent months the bank has cut rates – this time dropping the benchmark rate in euro-using countries to 3.5% from 3.75%.

Bonus. CEO Tip Of The Day

It can be tricky to instill agility into your organization, but it’s vital to building sustainable success. Here’s the secret: empowerment. Empowered teams take risks and seize opportunities.

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