Neuralink raises $280M, Saudi PIF reports $15.6B loss in 2022

Neuralink, a BCI (brain-computer interface) startup co-founded by Elon Musk, raised a $280M Series D led by Founder Fund; in June, shares of Neuralink were trading at ~$5B in secondary markets - Link

Saudi Arabia's PIF (Public Investment Fund) reported a $15.6B loss in 2022, including ~$11B of losses on investments, after making $25.4B of income in 2021 - Link

Zoom updated its ToS: when users enable its generative AI features, Zoom has them sign a consent form allowing the company to train its AI models using customer content - Link

A team of researchers from UK universities trained a deep learning model that can steal data from keystrokes recorded using a microphone with 95% accuracy - Link

Superside. Design and creative are crucial for growth. Tech companies like Shopify, Amazon, and Meta have found the perfect solution: Superside. Get $2000 off with Superside's Startup Accelerator package superside.com/twist.

First up, Sunny Madra joins Jason to demo some new AI tools, including auto-generated articles, social clips, and ChatGPT's newest feature. (3:50) Then, Jason sees pitches from three recent Founder University graduates and invests $25K in one of their startups! (40:33) - Link

FT sources: Meta has disbanded its team of ~12 scientists working on ESMFold, its protein-folding AI project - Link

Tractian, an Atlanta-based startup using AI to predict mechanical failures, raised a $45M Series B led by General Catalyst - Link

Elon said that X (fka Twitter) would fund legal bills for users who believe their employer unfairly treated them due to posting or liking content on X/Twitter - Link

Hua Hong, a Shanghai-based chip foundry, raised ~$3B in its Shanghai trading debut; the company was already trading publicly in HK - Link

This Week in Startups

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

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

E1787: Next Unicorns: Unlocking the power of photonic computing with Lightmatter CEO Nick Harris

E1786: Whoop CEO Will Ahmed on the “Quantified Self” movement, product design & more

E1785: AI-generated South Park, “Holy Grails” of AI & more with Sunny Madra

Embroker - Get an extra 10% off with code TWIST

Notion - Try Notion Projects for free

LinkedIn Marketing - Get a $100 ad credit!