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Thursday, October 6, 2022

The verdict against Juuling? – londonbusinessblog.com

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Hello and welcome back to Week in Review, your one-stop place for the week’s biggest stories. Greg Kumparak is going to enjoy the start of summer and has entrusted me to keep you informed during his absence.

If you want this in your inbox every Saturday, sign up here. And while you’re at it, check out our other newsletters. Okay, let’s go on, shall we?

Jules has had a week. The e-cigarette maker, once valued at $38 billion, received news from the FDA that it would no longer be allowed to sell its vaping devices or its 5% and 3% tobacco and menthol-flavored pods in the United States. US to sell or distribute. “risk[ing] enforcement action.” The ban was the result of the company’s inability to prove that its products are safe. But on Friday, a federal appeals court froze the ban after the company filed for an emergency administrative reprieve. The suspension saves time until the case can be heard in court, although according to court documents it “should in no way be construed as a decision on the merits”.

other things

Outage: One of the most read stories was about the Cloudflare outage, which was responsible for shutting down many of the platforms we all know and love offline. However, the outage was short-lived. The company, which suffered a similar outage last week, has not disclosed what caused the problem.

Zendesk acquired: A consortium of private equity firms acquired the company for $10.2 billion, well below the bid prices it received earlier this year. The deal is expected to close in the fourth quarter, after which Zendesk will go private again.

Amazon whispers: At its re:Mars conference this week, Amazon announced CodeWhisperer, an AI programming tool that can autocomplete entire functions based on just a comment or a few keystrokes. The company has trained the system, which currently supports Java, JavaScript, and Python, on billions of lines of publicly available open source code and its own codebase, as well as publicly available documentation and code on public forums.

C-suite departure: The CEO and COO of MindGeek, parent company of PornHub and other similar sites, abruptly left the company this week. MindGeek claims the departures were planned, despite being a week after a report in the New Yorker about his moderation policy.

M&M & AI: Microsoft and Meta announced this week that they are using AI to run their data centers. On Microsoft’s part, it is developing an AI system to analyze data and generate alerts for teams to “prevent or reduce the impact of security incidents,” the company said. An additional but related system, also under development, seeks to detect and predict implications for data center construction schedules. Meta says it has developed physical models to simulate extreme conditions and introduced this data into the AI ​​models responsible for optimizing power consumption, cooling and airflow across its servers.

Gamifying engineering: Israel-based startup Wilco has been unable to help software engineers do the non-technical parts of their jobs this week. On the platform, developers join a fake tech company and participate in challenges designed to simulate real-world experiences. They then navigate these experiences using real tools and technologies. Haje spoke to On Freund, the company’s CEO. Read the question and answer here.

audio stuff

On this week’s londonbusinessblog.com Podcast, you can hear Darrell chatting with Bill Gates. The two spoke at our londonbusinessblog.com Sessions: Climate event last week about whether we can still prevent climate disasters, the importance of crypto and Elon Musk’s time management skills. Also in this week’s episode, Darell talks to Ingrid about Spotify’s acquisition of Voice AI startup Sonatic.

And further on Found, Darrell and Jordan spoke to Anja Health CEO and founder Kathryn Cross, the 23-year-old TikTok Influencer became founder who discusses how the different social channels can be useful for founders in different sectors and why she thinks every company should be its own influencer.

View our full summary.

added stuff

Want even more londonbusinessblog.com? Head over to the aptly named londonbusinessblog.com+, where we take a closer look at the topics our subscribers tell us they care about. Some of this week’s good things include:

Pitch Deck Teardown: WayRay’s $80M Series C-deck: WayRay’s deck consists of a whopping 75 slides, and it’s clear that the founders took a different path than we’re used to today. Nevertheless, you can’t argue with a successful fundraising of this caliber.

It’s time for LPs to take more responsibility in the fight for economic equality: Dominic-Madori Davis, one of our newest TC+ reporters, explored the responsibility LPs have to increase the amount of venture capital for black founders.

What if my crypto job is no longer available? Immigration attorney Sophie Alcorn answers a question from an F-1 student who recently graduated with a bachelor’s degree in computer science — and a job at a crypto firm.

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