AI, Tech, and Business Updates: What You Need to Know
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Airops, a startup based in New York and San Francisco, has raised $40 million in Series B funding at a valuation of $225 million. The company aims to help marketers navigate the changing landscape of search engine optimization and adapt to the rise of chatbots and AI. Founded in 2022, Airops initially focused on helping non-technical employees access data before incorporating AI into their product. The core product allows marketers to analyze and track public information related to their companies, helping them create fresh and original content in the era of AI. The CEO, Alex Halliday, believes that we are entering a "golden age of quality content" where AI agents reward brands that produce unique and valuable information. This shift requires marketers to generate original ideas rather than recycling existing content. The company's goal is to assist marketers in creating unique content in a data-rich way, adding value to their roles. As the marketing industry evolves, Airops aims to help companies enhance their online presence and engage with audiences through innovative content creation strategies.The European Commission is considering relaxing some of its privacy laws, including the GDPR, to promote AI-driven economic growth. This move has raised concerns among business leaders about competitiveness on the global stage. In other news, the British government is investigating whether Chinese company Yutong can deactivate 700 electric buses in the UK remotely. Additionally, the TikTok shop has seen significant growth, almost matching eBay in sales, highlighting the potential for social commerce on the platform. Rivian has spun off Mind Robotics as a standalone industrial AI and robotics company, while there is a growing interest in cold storage crypto wallets for enhanced security. Apple Music's lack of a free tier may be hindering its global expansion, and there is increased investment in subsea cables for improved connectivity. OpenAI has petitioned the US for AI infrastructure relief, and a study has shown that AI investors are not much better than humans at making investment decisions.Humana CEO Jim Rechtin is focusing on culture change and AI to turn around the struggling health insurance giant. Despite a drop in net income and lowered earnings guidance, Rechtin is optimistic about the company's trajectory. He emphasizes the importance of culture change, customer experience, and leveraging AI to streamline processes and improve relationships with customers. Senate Democrats voted to end the government shutdown, prompting backlash from other Democrats. Transportation Secretary Sean Duffy warned of reduced air travel for Thanksgiving if the shutdown continues. President Trump suggested a $2,000 tariff 'dividend' for Americans, funded by revenue from tariffs. Diageo has named Dave Lewis as its new CEO, shares rose on the news. Pfizer announced a $10 billion deal to acquire Metsera, a company with potential weight-loss drugs. The Trump administration is developing a 50-year mortgage to make homeownership more affordable. Elon Musk's The Boring Company was fined $500,000 for dropping drilling fluids into manholes in Las Vegas. The markets are up, with S&P 500 futures up 1% and other global markets showing gains. Watercooler topics include billionaire Peter Thiel's warning about communism among young people, Gen Z's spending habits, a millennial who found leisure boring after selling his business, and Goldman Sachs' endorsement of AI investments in energy and healthcare. CEO Daily is compiled by Joey Abrams and Claire Zillman for ForSupport the showThanks for listening! Follow us on Twitter, Instagram and Linkedin
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