Amazon launches Amazon Q, a workplace-focused AI assistant, Pika raises $55M to build AI video editing platform

Amazon launches Amazon Q, a workplace-focused AI assistant starting at $20/user/month that competes with ChatGPT Enterprise, Microsoft's Copilot, and others. - Link

Pika launches AI video editing platform & announces $55M in funding. The Series A round was led by Lightspeed Venture Partners. Pika was co-founded by Demi Guo and Chenlin Meng, both former PhD students in Stanford’s AI Lab. - Link

US Thanksgiving weekend sales hit record $38B on big discounts. Adobe: US Cyber Monday sales rose 9.6% YoY to a record $12.4B, driven by deep discounts that peaked at 31% in electronics and 23% for apparel. - Link

Google says a first-of-its-kind geothermal energy project in Nevada, to power its data centers with clean energy in partnership with Fervo, is up and running. - Link

Ikea debuts a trio of affordable smart home sensors: Parasoll, for doors and windows, Vallhorn, for motion, and Badring, for water leakages, available in H1 2024 for under $10. - Link

When your business is ready to make that next hire, find the right person with LinkedIn Jobs. Visit LinkedIn.com/TWIST to post a job for free. Terms and conditions apply.

This Week in Startups: Sunny Madra joins Jason to demo Bard’s YouTube summarizer, an iPhone app that draws and creates apps, Stability’s Clipdrop, and much more! - Watch

AI chip contenders face daunting ‘moats’: TSMC and Nvidia dominate and hold thousands of patents, buying chipmaking gear, and complexity; Nvidia's $300K H100 has 35K parts. - Link

Amazon announces three new serverless offerings to kick off re:Invent that help customers manage their Aurora, Elastic Cache, and Redshift deployments. - Link

Meta and Microsoft are expected to receive 150K Nvidia H100 GPUs each by the end of 2023, three times as many as Google, Amazon, or Oracle. - Link

FTX investors sue MLB, Formula 1, and the Mercedes Formula 1 team, accusing them of aiding FTX's fraud, broadening a class-action suit against 24+ celebrities. - Link

Adobe’s $20B Purchase of Figma Would Harm Innovation, U.K. Regulator Provisionally Finds. - Link

This Week in Startups

E1853: AI demos: Bard's YouTube summarizer, Stability's image editing tools, and more!

E1852: OpenAI Chaos Continues with Sunny Madra and David Sacks

E1851: BREAKING: Sam Altman fired from OpenAI, chaos ensues!

E1850: Real-time AI-powered design with Krea CEO Victor Perez

E1849: Avoiding Accidental Tax Fraud | Startup Finance Basics w/ Kruze's Scott Orn

Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain

Vanta - Get $1000 off your SOC 2

Northwest Registered Agent - Get a 60% discount on your next LLC