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GM! It’s Brett again. Quick update: as of last week, we're officially a fully in-person team in NY. In-person teams gel faster, communicate better, and have more skin in the game - all crucial for startups.

PS: We've still got 1 seat left for an amazing fullstack engineer.

🏠 Tech

The Robo Butler

1X Technologies dropped their NEO Beta, a humanoid robot that's gunning for a spot in your living room.

Here's the lowdown: NEO stands 5'5", weighs a mere 66 pounds, and can sprint at 7.5 mph. It's got a 44-pound lift capacity and runs for 2-4 hours on a charge. Pretty impressive stats for a home helper, right?

NEO's got OpenAI under the hood. 1X hooked up with them back in 2022, so you know this bot's packing some serious brainpower. It's not just moving around - it's learning, adapting, getting smarter as it goes.

The humanoid robotics market is heating up, with over $4.2 billion in funding raised through June 2024.

1X raised a $100 million Series B in January. Now they've got a factory in Moss, Norway that's all set to crank these out at scale.

Their CEO, Bernt Øivind Børnich, is pumped about using that cash to push NEO into the consumer market. They want to flood homes with these smart androids. Next up on their hit list is their data game for that sweet, sweet embodied AI.

The exact price point for NEO has not been announced, but competitors are expected to retail for under $20,000.

The big picture: If 1X can deliver on NEO's promises, we might be looking at the first wave of truly useful home robots. It's a brave new world, and NEO's leading the charge.

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🤝 THE LATEST IN…

TECH

• Amazon’s hiring Covariant’s founders to supercharge their warehouse automation.

• X is calling NPR links “unsafe”.

• SpaceX tourist launch in trouble after rocket crash.

• Cybertruck catches fire after hitting hydrant.

AI

• Nvidia's stock takes a hit as AI hype fails to translate into crazy profits.

• OpenAI to join the $100B club. Apple and Nvidia to join in as investors.

• Anthropic and OpenAI sign deals with the US government.

• OpenAI to launch Strawberry model in fall.

SCIENCE

• Neuralink's first patient is using it to learn French.

• AI can spot cancer and virus cells.

• Australia hit a sizzling 107°F… in winters.

• Dark matter might be the secret sauce behind supermassive black holes forming way too early.

CRYPTO

• Global crypto investment products see $305M in weekly outflows.

• Bitcoin slides below $58,000.

• Mahjong123 reaches 700k DAUs within 5 days of launch.

• Telegram's got $400M in digital assets, banking big on crypto.

🏃‍♀️ QUICKIES

Raise: Opkey, an AI-based ERP testing platform, raised $47M in a Series B funding round to further enhance continuous testing for enterprise software.

Stat: 24%. That's the percentage drop in monthly DeFi protocol fees in August compared to July, totaling $288 million.

Rabbit Hole: The Ultimate Guide to Term Sheets for Startup Founders (Todd Gagne)

🤩 MONDAY MOTIVATION

🛠️ FOUNDERS CORNER

The best resources we recently came across that will help you become a better founder, builder, or investor.

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🌐 Super helps you turn your notion pages into a minimal website for your MVPs.

🗓️ Reclaim is the perfect workweek scheduler.

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