🚀 Waymo raises $5.6B to expand to new cities

In partnership with

Your own AI clone, with memory

Imagine if you had a digital clone to do your tasks for you. Well, meet Proxy…

Last week, Convergence, the London based AI start-up revealed Proxy to the world, the first general AI Agent.

You can sign up to meet yours!

Meet your Proxy today

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Waymo, Alphabet's autonomous vehicle unit, has raised $5.6 billion to expand its robotaxi service in cities like Los Angeles, San Francisco, Phoenix, Austin, and Atlanta. The funding, led by Alphabet and supported by investors such as Andreessen Horowitz and Fidelity, will help advance Waymo's autonomous technology for business applications and further expand its ride-hailing service. Waymo now offers over 100,000 weekly trips in several cities and plans to test vehicles in harsher climates, with ambitions to expand internationally.

2. The Biden administration has introduced a proposal aimed at providing student loan forgiveness to borrowers facing "financially devastating hardships," such as medical bills or natural disasters. This initiative could impact nearly 8 million borrowers, offering relief to those whose current aid options fall short. While President Biden has forgiven more student debt than any previous administration, his broader efforts have been obstructed by Republican-led legal challenges. The proposal will face more scrutiny, and its future could depend on the outcome of the 2024 presidential election.

3. Delta Air Lines has filed a lawsuit against CrowdStrike after an IT outage caused flight cancellations and significant financial losses, totaling over $500 million. Delta claims that a faulty update from CrowdStrike's Falcon software reached its computers despite disabling automatic updates. The incident resulted in 7,000 flight cancellations and reduced Delta's revenue by $380 million, with $170 million in additional costs. Delta is seeking damages for breach of contract, negligence, and punitive damages due to the software failure.

4. Headlines

   1. Lyft has agreed to pay the FTC a $2.1M fine for misleading prospective drivers.

   2. The Nasdaq hit an all-time high on Friday led by a rise in tech stocks.

   _{* This is sponsored content.}

Are you looking to grow your business? Here is how I can help: 

📱Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

Escaping AI POC purgatory: Techniques for enterprise AI engineers

Many companies struggle to move generative AI from experimentation to production.

Join us Oct. 29 at 9am PT. Sam Julien, Writer's Director of Developer Relations, will share practical strategies to overcome enterprise AI engineering challenges using a full-stack approach.

Topics include:

• Managing project scope

• Improving accuracy with domain-specific models & graph-based RAG

• Navigating AI application development

• Can’t make it live? Register anyway and we’ll send you the recording.

Register now

Onwards and Upwards,

Liam Gill