AI, Ozempic & Deadly Turbulence ‼️
This Week in Review ☕️: The Biggest Funding Round in history | Frozen pizza line for those on weight-loss drugs | WFH leads to shopping binges | The AI Arms Race | College grads face tough job market
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Quick Bites:
Health 🍕: Nestlé to debut new food line, specifically catered for Ozempic and Wegovy users.
The world's biggest food company is launching a $5 frozen-food line called 'Vital Pursuit' that is made with extra protein, iron and calcium for people taking the appetite-suppressing drugs.
Think frozen pizzas, health-focused grain bowls, protein pastas, sandwich melts etc.
💡Meanwhile, people on Ozempic👇🏻
Found the appetite to scarf down an ENTIRE leaf of our kale salad that had NO dressing on it so now we no longer fear death or donuts 🍩🍩🍩
Key Highlights, reported by CNBC:
💡In the US, 1 in 8 American adults are on Ozempic or Wegovy
💡Goldman Sachs estimates that 10 million to 70 million US consumers could be taking them in the next four years
💡The new food line will be smaller-portioned and have protein-rich nutrients that consumers might be lacking if they're eating less food
💡Nestlé is racing to "expand to cash in and remain relevant", amid the Ozempic era
💡Investors have expressed concern about food companies losing sales due to weight-loss drugs
And we have it.. Big Food & Big Pharma come together. Big Food creates eating disorders and Big Pharma makes drugs to fix them. This is the worst of capitalism. Selling problems then selling the fix 🤬
Did you know the maker of KitKat, Nescafe, Milky Bar, and Maggi is infact Nestlé ??!! 🤔🤫
So, the same junk that caused you to take the drugs in the first place, but now in smaller portions for 3 times the price. God help us all 😩😩
Meanwhile, our niece, an ACTUAL diabetic, can't access her Ozempic meds due to a global shortage because people are terrified of being chunky, zipping their mouth and taking accountability 🤷🏻♀️
“The consumer research shows that there are certain nutrients and certain macros that need to be delivered to actually help the consumers stay healthy along the journey of the GLP-1 treatment,”
-Nestle’s North America CEO Steve Presley told CNBC
Our Thoughts💡: Consumer research also shows that women who carry a little more weight tend to live longer than the men who mention it 🙏🏻
AI 🤖: Elon Musk's xAI valued at $24 billion after fresh funding.
Elon casually raising $6 billion cash and building another $24 billion company on top of Tesla, SpaceX, Neuralink & X.
Umm how's your 2024 going? 🙄
xAI has raised $6 billion in its latest fundraising round, thanks to big-name investors like Andreessen Horowitz and Sequoia Capital, along with Saudi Arabia’s Prince Alwaleed bin Talal.
When Elon raises the LARGEST Series A, B OR C round for ANY EFFING COMPANY IN HISTORY👇🏻
We hate to say it BUT..
Its kinda crazy that artificial intelligence needs bajillions to develop and the entire energy output of a nuclear reactor, but REAL brainpower can run on red bull and cocaine, for example 😎
Musk recently admitted that xAI "still has a lot of catching up to do" if it's going to compete with companies like OpenAI and Google, which were founded nearly 10 years ago, The NY Times reports.
💡OpenAI valuation: $80 billion. Founded in 2015
💡xAI valuation: $24 billion ( 1/3 of OpenAI). Founded in 2023
Damn.. Elon you're catching up alright
The new funding will be used "to take xAI’s first products to market, build advanced infrastructure, and accelerate the research and development of future technologies."
"The company's mission is to understand the true nature of the universe."-
xAI
Culture 🛍️: WFH lead to shopping binges.
New research shows that work-from-home employees spent an extra $375 billion into the economy last year, The Wall Street Journal reports.
PS. We don't know who needs to hear this. But you do NOT need anything from Amazon today
💡Therapist: Now what do we do when we are sad?
💡Us: Add to cart?
💡Therapist: NO
Data shows that in areas where virtual jobs are dominant, online shopping is up. Infact, most people shop online during the week from 10 am to 1 pm, according to data from Adobe.
More than a quarter of women surveyed last year by shopping portal 'Rakuten' said they typically shop online during work hours. For Gen Z, the share was 41%.
Umm we can totally relate. It's never too early in the day to start buying crap we don't need
The truth is that as shopping accelerated online during Covid, the face of Amazon addiction has become far less about the bored suburban housewife stuck at home, and more about anyone who can't help themselves away from that one-click ordering button.
Our WFH habits have collectively added billions to the economy, as we can't help but buy the viral Uniqlo Birkin Bag or the new mini Nespresso machine!
Our Thoughts💡: Say what you want but our favorite emails are the ones where it begins with "Your order has been shipped" ☺️☺️
PS. Amazon Prime Day coming up guys.. The day the deals are made up and the prices don't matter🙌🏻
Culture 📱: More people are turning to voice notes to communicate, The Washington Post reports.
Users say they add a personal touch in comparison to texts, and offer a break from staring at a screen all day.
"Just sending you a voice note because its quicker"
QUICKER FOR WHO?! NOT US THATS WHO
PS. Our friend has sent just a 13 minute long voice note and at what stage is this just a damn podcast
Key Highlights, according to The Washington Post:
💡Hinge: The popular dating app lets users send voice notes- and those who do are 48% more likely to get a date
💡TikTok: People joke about the long rants they send to their friends and spouses
💡Instagram Threads: Celebrities like Cardi B and Serena Williams are known to share voice notes with their followers
💡Voice memos are becoming available in more and more apps as people gravitate towards audio
“The voice note is this attempt to go back to calling, without actually calling. There’s such a taboo around calling people; there’s such a fear of interrupting people’s lives”, The Washington Post.
Our Thoughts💡: Do you guys use voice notes in your daily communication? Is it a millennial/Gen Z thing or is it being used by your parents as well? Let us know!
Aviation ✈️: Turbulence rocks another flight, less than a week after the deadly Singapore Airlines incident.
12 people were hurt on a Qatar Airways flight, before the plane safely landed in Dublin, its planned destination.
Transportation Secretary 'Pete Buttigieg', has gone on record to say that travelers should expect to encounter turbulence more frequently due to climate change.
Tbh guys we'd make our usual joke but after the death and severe injuries on the Singapore Airlines flight last week, we just can't.
While the turbulence-related death was the first in decades, aviation experts are warning passengers they could become more frequent.
This comes as international travel has rebounded strongly in Q1 of 2024, reaching 97% of pre-pandemic levels, the United Nations reports.
Over 285 million people made foreign trips between January to March this year alone- a 20% increase for the same period in 2023.
The UN projects that international tourism will surpass 2019 levels by 2%.
Education 📚: Fresh college graduates are facing an uncertain job market, as hiring slows down, Bloomberg reports.
No sh*t kids today can't find jobs.
💡Job Description: "Entry Level"
💡Qualification: "8-15 years Professional Experience"
"We know that the first job out of college is incredibly important when setting the course for the rest of a person's career. However, not every college graduate is going to enter a booming job market, and some are not afforded the option of being picky."
WANTED💡: Part-time sales assistant who won't quit after 1 month, who works hard and doesn't think he or she is doing us a favor by working here, who can take a joke and won't cry everyday on the floor
INQUIRE WITHIN
Hiring for freshly minted grads is forecast to decline 6% from a year earlier, according to a recent survey from the National Association of Colleges and Employers.
What new grads want in a job?
Hybrid roles with some in-person and some remote days. In addition, Gen Z is very keen in learning about the money they will make, with particular fears of ending up underemployed, a career expert tells CBS News.
"They want to talk about salary on the job interview. They might not even pursue the job if salary isn't discussed in the interview."
Quicker Bites:
Indian General election results to be out on June 4; incumbent PM Narendra Modi is running for 3rd term.
Israeli Prime Minister Benjamin Netanyahu says the strike which killed scores of displaced Palestinians in Rafah on Sunday was a "tragic mishap", amid growing international condemnation of the blast.
Rafael Nadal’s return to the French Open- and possible farewell- is over as the 14-time champion loses to Germany’s Alexander Zverev.
Daily marijuana usage surpasses alcohol, new study shows.
Anti-Israeli boycotts are hurting McDonalds, KFC in Asia and Middle East.
UK to hold General Election on July 4.
Louisiana becomes the 1st state to classify abortion drugs as '“controlled dangerous substances.”