Tuesday, August 20

What you missed today

Author

Max
August 20, 2024

Good evening!

You might want to put on Alanis Morissette’s ‘Ironic’ for today’s issue…

Here are the 7 things you missed today:

1.  🚙 Europe Set Low Tariffs on China-Made Teslas

If you’re in Europe, you might see more Teslas on the road. The EU set tariffs on Tesla’s China-made electric vehicles much lower than those on rival carmakers. The 9% rate comes two months after EU tariff hikes on all electric cars imported from China.

2.  🧠 How This Mastermind Transforms Businesses

Running a business is no small feat, and sometimes you need that extra push to break through the noise. What if you get that push, and more, by industry legends?

On Friday, August 30th at 10:30am PT, join industry titans Jay Abraham and Patrick Gentempo for an exclusive, FREE Hot Seat session. This isn’t just any webinar – it’s a unique chance to gain personalized insights that could transform your business.

Spaces are limited, so don’t miss out on gaining strategies from two of the best.

3. 📰 OpenAI is Partnering With Condé Nast

OpenAI is taking notes from Anna Wintour. Today, the Microsoft-backed AI company announced a partnership with Condé Nast, publisher for Vogue, The New Yorker, GQ, Vanity Fair, Wired, and more. The partnership will allow AI products like ChatGPT and SearchGPT to display content from the media company’s outlets.

4.  🛠️ Things Worth Checking Out

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5. 🏢 Wells Fargo is Selling Commercial Mortgage Biz

Wells Fargo announced today its plans to sell the majority of its commercial mortgage servicing business to global loan services provider Trimont. The deal is expected to close in early 2025 and would make Trimont the largest loan servicer in the U.S., managing over $715 billion in commercial real estate loans.

6.  🏛️ Anthropic Hit With Class-Action Lawsuit

Amazon-backed AI startup Anthropic has been hit with a class-action lawsuit in California federal court over alleged copyright infringement. The author’s filing said that Anthropic has built its business “by stealing hundreds of thousands of copyrighted books.”

7.  🤔 Shein Sued Temu Over Copyright Infringement

It’s the battle of the fast-fashion icons. Shein is suing its rival Temu, saying that the retailer stole its designs and “built an empire using counterfeiting, intellectual property infringement, and fraud.” Ironically, the suit comes as Shein fends itself off similar allegations from many brands and artists.

Bonus. CEO Tip Of The Day

Let’s get technical. The age-old “20% for tech debt” rule doesn’t work anymore. Here are 5 traps that will stop your technical vision from happening.

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