Netflix and Tesla earnings, Google tests AI-powered journalist assistant

NYT sources: Google is testing an AI-powered journalist assistant that can create news stories; the tool is called “Genesis” and Google has pitched it to the NYT, WaPo, and News Corp - Link

Netflix Q2 earnings: revenue: ~$8.2B (+2.7% y/y), net income: ~$1.5B, FCF: ~$1.3B, global paid memberships: 238.4M (+8% y/y); shares are down ~8% due to missing forecasts - Link

Tesla Q2 earnings: total revenue: $24.9B (+47% y/y), FCF: $1B (+62% y/y), vehicles built: ~480K (+86% y/y), deliveries: ~466K (+83% y/y); shares are down ~10% after hours despite the earnings beat - Link

On Tesla’s earnings call, CEO Elon Musk said the company is open to licensing its FSD capabilities to other automakers and is already in talks with one major OEM - Link

.Tech Domains has a new program called startups.tech, where you can get your startup featured on This Week in Startups. Go to startups.tech/jason to find out how!

PathAI CEO Andy Beck joins Jason to discuss AI in the medical field (1:58) and demo his product, which uses AI to analyze millions of cells (15:37), plus much more! - Link

Microsoft, OpenAI, Cohere, and other AI firms are now using “synthetic” training data to train their models as they reach improvement limits of human-created data - Link

Unstructured, a Sacramento-based B2B startup that helps companies extract and structure data in an LLM-friendly way, raised $25M across Seed and Series A rounds; Bain led the Seed, with Madrona leading the Series A - Link

The Information sources: Sequoia China, which is in the process of splitting off and rebranding to HongShan, is in talks to raise ~$2.8B in capital for a new Chinese currency fund from domestic LPs - Link

The US Fed launched FedNow, a real-time payments platform that will eventually allow Americans to send and receive funds instantly 24/7 - Link

This Week in Startups

E1780: Next Unicorns: Bringing AI-powered solutions to medical analysis with PathAI CEO Andy Beck

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