Google plans major AI release this fall, Gulf nations acquire thousands of Nvidia GPUs

The Information sources: After merging its Google Brain and Deepmind teams, Google is planning to launch a group of LLMs called “Gemini” in the fall, which will have image capabilities and could have chart analysis and voice commands - Link

Amazon said its online pharmacy would automatically apply manufacturer-sponsored coupons to more than 15 insulin and diabetes medicines, cutting the cost to as little as $35 - Link

FT sources: Saudi Arabia and the UAE have collectively purchased thousands of Nvidia GPUs, with the UAE having already developed its own open-source LLM called Falcon - Link

WSJ analysis: The average subscription cost of ad-free streaming services is up ~25% in about a year as streaming giants push customers towards ad-supported plans - Link

CLA. Innovation takes balance. CLA’s CPAs, consultants, and wealth advisors can help you get from start-up to where you want to end up. Get started now at CLAconnect.com/tech.

Sunny Madra is back to discuss the “AI wrapper” stigma, the first official demo-to-investment, and demo more useful AI products! (2:41) Tonebase CEO Igor Lichtmann then joins in demoing his product, breaking down how he achieved product-market fit while maintaining capital efficiency, and more! (42:47) - Link

In a further expansion into social networking, Substack will let users follow writers without subscribing to their newsletters - Link

The Block sources: CoinDesk has cut 45% of its editorial team (~20 employees), while its parent company, DCG, explores a sale of the crypto-focused publication - Link

Axios sources: X (fka Twitter) will no longer let advertisers promote their accounts on user’s timelines; promoted accounts generate $100M+ revenue annually for the company - Link

Coinbase has launched a crypto advocacy organization, the “Stand with Crypto Alliance,” to get the community involved in legislation ahead of upcoming votes in Congress - Link

This Week in Startups

E1792: The “AI wrapper” debate, AI-powered lead gen, auto-clips, resumes, and more with Sunny Madra

E1791: Zillow CEO Rich Barton on branding, building in provocative industries, and more!

E1790: Next Unicorns: Making surgeons bionic via computer vision & AI with Proprio’s Gabriel Jones

E1789: AI demos + Jason invests $25K live!

E1788: LK-99 breakthrough with Varda’s Delian Asparouhov & Andrew McCalip

iConnections - Get 20% off iConnections Miami 2024 event

Lemon.io - Get 15% off your first 4 weeks of developer time

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