In today’s newsletter:

• News - ☢️ Sam Altman’s Energy Stock Skyrockets as AI Ignites a ‘Nuclear Power Revolution’

• Productivity - 🎤 Say It, Notta Transcribes It: Instant AI Notes

• Culture - 🤫 X’s AI is Quietly Spreading Election Misinformation… Here’s How

  Check out our Meme of the Day at the bottom of the newsletter for your daily dose of AI-powered humor!

☢️ Sam Altman’s Energy Stock Skyrockets as AI Ignites a ‘Nuclear Power Revolution’

Oklo, a nuclear power company backed by Sam Altman, has seen its stock skyrocket by nearly 140% in the past month as Big Tech turns to small modular nuclear reactors (SMRs) to meet their growing energy needs. Major tech players like Amazon and Google have invested in SMR projects to power their AI-driven data centers, signaling a shift towards cleaner, more efficient energy solutions. Oklo’s SMRs promise to produce energy that’s cheaper and faster than traditional nuclear plants, all while reducing carbon emissions — a major win for tech companies juggling sustainability goals and rising power demands.

Despite the excitement, there are challenges ahead for Oklo and its competitors. Regulatory hurdles and a lack of domestic fuel supply for these reactors mean widespread deployment may still be years away. However, Oklo’s CEO, Jacob DeWitte, is optimistic, pointing to bipartisan support for reducing regulatory barriers and developing fuel sources like high-assay low-enriched uranium (HALEU). With a unique model of owning and operating its own reactors, Oklo could position itself to move faster than traditional players in the nuclear industry, fueling a new era of energy innovation.

🗞️ In Other News…

• Meta has struck a multi-year deal with Reuters to integrate real-time news content into its AI chatbot across platforms like Facebook and Instagram, marking its first AI-era news partnership to provide users with up-to-date answers to news-related queries.

• JPMorgan Asset Management predicts that while the US's share of the global stock market may slightly decline by 2037, it will continue to dominate, driven by AI's expansion beyond Big Tech, boosting revenue and profit margins across various industries.

• Coinbase has launched "Based Agent," a tool allowing users to create AI agents with crypto wallets in under three minutes, enabling them to perform onchain tasks like trades, swaps, and staking using Coinbase’s SDK in collaboration with OpenAI and Replit.

• Google is developing AI technology, called Project Jarvis, to autonomously perform tasks like research and shopping within a web browser, with a demonstration expected by December alongside the release of its new Gemini language model.

• Qualcomm and Google are teaming up to integrate AI-powered features into cars via Qualcomm's Snapdragon Digital Chassis and Google’s Android Automotive OS, offering voice assistants, real-time updates, and autonomous driving capabilities, with future compatibility for Apple CarPlay.

🎤 Say It, Notta Transcribes It: Instant AI Notes

Notta is an AI-powered transcription tool that streamlines the process of converting audio to text, making it particularly useful for anyone who deals with note-taking in meetings, interviews, or webinars. It can handle both pre-recorded files and live events, providing real-time transcription with impressive accuracy. This feature is especially valuable for professionals who need to capture detailed conversations without the risk of missing key points. The tool also supports multiple formats for exporting transcripts, such as DOCX, PDF, and SRT, making it flexible for different needs.

Beyond transcription, Notta offers additional features like speaker identification, timestamping, and translation into over 40 languages, making it more than just a basic transcription tool. The platform’s ease of use, combined with its ability to handle large volumes of transcription quickly and securely, adds to its productivity-enhancing appeal. Its intuitive interface allows users to upload files or link to live meetings with just a few clicks, cutting down on the time typically spent on manual transcription tasks.

🤫 X’s AI is Quietly Spreading Election Misinformation… Here’s How

Elon Musk’s social media platform X is under fire for amplifying voter-fraud conspiracy theories through its AI-driven “stories for you” feature, powered by Grok. This experimental feature, prominently placed in X’s “explore” section, aggregates trending topics without human fact-checking, leading to the spread of misinformation, including baseless claims about voting machines and personal attacks on Vice President Kamala Harris. The AI-created summaries, currently in beta testing, have sparked concern as they continue to surface false narratives in the crucial final weeks of the presidential election.

Grok, Musk’s AI tool, not only boosts election-related conspiracy theories but has also been found spreading unfounded claims about Harris and President Joe Biden. Despite warnings for users to verify the AI’s outputs, the lack of oversight has resulted in millions of views for misleading content. Critics argue that this marks a significant departure from Twitter’s previous human-curated trending topics, raising alarms about the potential impact of AI-driven misinformation on the platform.

VC Fundraising Rounds

• Interos, a leading provider of AI-driven supply chain risk intelligence, has received a $40 million strategic growth investment from Blue Owl Capital. (10/24/24)

• Nimble, a leading company in AI robotics and autonomous e-commerce fulfillment technology, has announced the successful completion of a $106 million Series C funding round, bringing its valuation to $1 billion. (10/23/24)

• Infinitus Systems, a startup focused on automating manual calls for tasks such as prior authorizations, has secured $51.5 million in Series C funding, led by Andreessen Horowitz. (10/23/24)

• Globality, a platform that revolutionizes how businesses buy and sell services by matching the best provider at the right price for every project, has raised $47M in venture funding. (10/22/24)

• Socket, a developer-first security platform that protects your most critical apps from software supply chain attacks, has raised $40M in Series B funding. (10/22/24)

Meme of the Day

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