Tuesday Edition: May 16th, 2023

Good morning! We don’t know if AI will ever take over the 🌎, but it certainly took over this week’s issue of OTF. Two interesting startups, a bangin’ Conversation Starter, and everyone’s favorite chatbot. The intelligence may be artificial, but the strength of this edition hits different #AiMood 🦾

The Big & The Small 📰 

VICE MEDIA:

👎️ Once a disruptor in the news media landscape, Vice has filed for bankruptcy. “The digital media trailblazer, once valued at $5.7 billion…had been restructuring and cutting jobs across its global news business over recent months.” There is a $225 million sale on the table 👀

together:

🤖 This AI-startup just raised $20 million in seed funding. “The company says its goal is to establish open source as the default way to incorporate AI.” If your mission is to make AI accessible to anyone, you’re alright in our book!

FANATICS:

🤑 This $31 billion-dollar company, famous for apparel but more diverse than you know, is making the leap into sports betting. “Fanatics has agreed to acquire the US operations of PointsBet…the deal is worth about $150 million in cash.” This is their second major acquisition in the last eighteen months; they bought Topps trading card company last January for $500 million.

louisa:

🤯 Goldman Sachs, best known for its work on Wall Street, has an internal startup incubator, and Louisa is the first to go independent! It’s a networking platform that “automatically creates user profiles…to proactively connect people who might benefit from knowing each other.” Here’s a better way to put it: “Think of Louisa as an AI-powered LinkedIn on steroids.”

A Tuesday Pick-Me-Up:

Finance 101 🤑

What the heck is a Health Savings Account?

Short & Sweet: It is a tax-advantaged account to help people save for future medical expenses. For example, monthly employee contributions (pre-tax amounts deducted from your paycheck) will help you save for qualified medical expenses under your health plan.

Why It Matters: Because medical expenses can occur when you’re least expecting them. Contributing a small amount ($20 per paycheck, for example) can help you save up for those sudden expenses that you won’t want to pay for out of pocket.

Takeaway: Be proactive. Since the contributions should be pre-taxed, you do not get taxed on this contribution from your paycheck, which saves you money on your taxable income. It’s a win-win. Plus, your employer may even match up to a certain amount each year. So ask about your options ASAP!

Networking Hack 🤝 

It’s more than just your job title! When someone asks "Soooo, what do you do for work?" remember to give them more than just your position. Give an example of what your day-to-day looks like so they can better understand. It might create some interesting small-talk and open doors for the discovery of common ground.

Expert Advice 🗣️

Don’t know who Justin Welsh is? The guy is an internet machine. We strongly suggest checking out his LinkedIN and Twitter content. Enjoy!

Workin’ With GPT 🤖 

This video is a must watch if you want to use ChatGPT to the best of it’s ability…

@aiavalanche

20x better ChatGPT results with one sentence 🔥 #chatgpthack #chatgptprompts #chatgpt #marketing #digitalmarketing #entrepreneur

Conversation Starter 🤔 

The Dog Of The Day 🦴 

Hello there, Nurf!

Food For Thought 🤔 

You are now On The Fly and In The Know.