Gm. I was reading an article the other day that said Sam Altman used to predict the odds of a founder being successful by how fast they responded to messages and emails. I am now responding to messages and emails at light speed. Thanks a lot, Sam.
โ Stephen Flanders
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๐ TECH
THE Tech Trial Of The Century

A couple of weeks ago, we covered the DOJโs lawsuit attacking Googleโs search dominance, calling it the โtech trial of the centuryโ.
Well, it looks like we spoke too soon. Because the FTC and 17 states just dropped a bomb on Amazon.
That bomb comes in the form of a lawsuit against Amazonโs e-commerce money printing machine.
The 172-page complaint alleges that Amazon maintains a monopoly by:
Requiring sellers on its platform to purchase Amazonโs in-house logistics services in order to secure the best seller benefits, also known as โPrimeโ eligibility.
Forcing sellers to list their products on Amazon at the lowest prices anywhere on the web.
And that alleged monopoly is hurting sellers, by forcing them to accept Amazonโs terms, and consumers, as there are no competitors forcing Amazonโs prices down.
In FTCโs chair Lina Khanโs own words, Amazon is โsquarely focused on preventing anyone else from gaining that same critical mass of customersโ.
So, we have this lawsuit with everything on the table, even a potential breakup.
Amazon naturally disagrees with the FTC, even saying that this suit could hurt consumers by forcing them to raise prices, offer slower and less reliable Prime shipping, and make Prime more expensive.
Ultimately, we have a true heavyweight fight on our hands here, and the stakes couldnโt be bigger.
The Big Picture: Even considering the FTCโs recent crusade against big tech with suits against Amazon Prime and Google, this has the makings of an exceptionally consequential case.

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๐ค THE LATEST INโฆ
TECH
Your Reddit karma can now turn into money.
Microsoft is going nuclear to power its AI ambitions.
Techies in SF are really into pods.
Apple defended its default Google search status in court with โthere wasnโt a valid alternativeโ.
AI
Spotify is using AI to clone podcastersโ voices and translate them to other languages.
ChatGPT now responds to voices and picture commands.
Anthropic landed an outrageous amount of money from Amazon.
And OpenAI is raising funding at an outrageous valuation.
SCIENCE
Light therapy helps the brain clear out toxic Alzheimerโs proteins.
We may soon be able to regrow teeth.
Researchers โbioprintedโ living brain cell networks in the lab.
Robots with compound eye vision? Robots with compound eye vision.
CRYPTO
The SEC has pushed off the Ark and Global X spot bitcoin ETF applications.
Saylor and MicroStrategy continue to stack stupid amounts of sats.
Binance US revenue isโฆnot doing too hot.

๐โโ๏ธ QUICKIES
Raise: Traceless Materials has raised $38.7 million to scale its plastic alternatives.
Stat: 116 Degrees: How hot the iPhone 15 can get. Doesnโt seem ideal.
Rabbit hole: The Race To Create Factories In Space (The Guardian)

๐ WACKY AI WEDNESDAY

๐ ๏ธ FOUNDERS CORNER
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๐ DOPAMINE HIT
I canโt lie, this is pretty cool.
@tiktokstalman This #iPhone15 5x lens is going to be awesome, full video on YouTube #iphone15pro #filmmaking #fyp

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