Former Sequoia offshoots to go head to head, OpenAI opens up Code Interpreter

FT sources: HongShan (fka Sequoia China) plans to expand into SE Asia with a Singapore office, where it could directly compete with Peak XV Partners (fka Sequoia India & SEA) - Link

OpenAI opened up its Code Interpreter model, which can do AI-powered data analysis and visualizations, to all ChatGPT Plus subscribers - Link

FT sources: Revolut, a London-based consumer fintech firm, had a flaw in its US payment system that allowed criminals to steal $20M of its funds over several months - Link

Bloomberg’s Q2 earnings calculations for TSMC: revenue: $15.3B (-10% y/y, but slightly beat estimates); shares are up more than 25% YTD; TSMC is the primary manufacturer of Nvidia's AI chips - Link

Lemon.io - Hire pre-vetted remote developers and get 15% off your first four weeks of developer time at https://Lemon.io/twist.

Lon joins Jason to extract the business lessons from the 2023 film Blackberry (2:19). The two discuss the company's rise and fall, the benefits of having multiple co-founders (9:11), the psychology of framing (23:05), knowing when to "fake it 'til you make it" (56:19) and much more! - Link

Snapchat's Snap Star, a rev-share program for creators, led to user engagement with Snapchat Stories more than doubling in Q1 - Link

Meta is in talks with ad agencies and brands to integrate ads on Threads; the company will focus on giving brands and users control and ensuring brand safety - Link

CHARM, an AI tool developed by Harvard researchers, can expedite the diagnosis of aggressive brain tumors like glioma, potentially enabling quicker treatment decisions - Link

Retro, an Instagram competitor created by former Meta employees, launched in beta; the app is designed for close friends instead of brands and creators - Link

This Week in Startups

E1773: Business Breakdowns: The rise and fall of “Blackberry” with Lon Harris

E1772: Reimagining reading with VR featuring Sol Reader CEO Ben Chelf

E1771: Shein registers for US IPO, Trump SPAC insider trading & more

E1770: Creating the future of search and competing vs Google with Perplexity AI’s Aravind Srinivas

E1769: Zapier Co-Founder Mike Knoop on category creation, API evolution & AI architecture

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