Nvidia smashes earnings, SpaceX working with Cloudflare to increase Starlink speeds

Nvidia Q2 earnings: revenue: $13.5B (+101% y/y, +88% q/q, well over ~$11.2B estimate), net income: $6.1B (+843% y/y, +203% q/q), Q3 outlook: expected revenue of $16B (+/- 2%); shares are up 9%+ and rising - Link

The Information sources: SpaceX is working with Cloudflare to speed up its Starlink service by increasing its terrestrial network of mini data centers around the world; Starlink has 1.5M subscribers as of May - Link

Former OpenSea executive Nate Chastain was sentenced to three months in prison for making $50K+ by “front-running” NFT drops on OpenSea’s platform - Link

The DOJ charged Tornado Cash co-founders with conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money-transmitting business for allegedly laundering as much as $1B in “criminal proceeds” - Link

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Covariant CEO Peter Chen joins Jason to discuss the future of AI in robotics (1:33), the key concepts of reinforcement learning (13:50), and much more! - Link

Dice, a UK-based startup building a “user-centric” ticketing platform, raised $65M from MUSIC and LionTree - Link

Snap announced that Pulkit Trivedi, a former Google Pay exec, will head its India business after the company restructured its global reporting system - Link

Grip Security, an Israel-based startup helping businesses de-risk their SaaS apps, raised a $41M Series B led by Third Point; the company says bookings grew 400%+ y/y - Link

Mendaera, a startup building a system that merges AI, computer vision, and robotics to help healthcare providers improve outcomes, raised a $24M Series A led by Lux Capital - Link

This Week in Startups

E1796: Next Unicorns: Empowering robots to think for themselves via AI with Covariant’s Peter Chen

E1795: Is Nvidia overpriced? Plus, price targets, GodMode demo, and more!

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

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