đ Itâs a beautiful day â particularly if your name is Sam Altman and your âcharitable nonprofitâ OpenAI is now raising cash at a $157B valuation. Thatâd make for a bigger market cap than Goldman Sachs, Citigroup, and BlackRock, all of which are much more unambiguous about liking profits.
đ§ On the pod:Apparently, you can go to jail for sheep cloning.
NEWS FLASH
đ¨ The image above is in the public domain; its âmakerâ isnât happy about it: Two years ago, Jason M. Allen won an art competition with an AI-generated painting. Artists got all worked up. Allen taunted them: âArt is dead, dude. Itâs over. AI won. Humans lost.â Flash-forward to today: Allen has been unable to copyright his award-winning work, Theatre Dâopera Spatial, and therefore unable to get paid. The US Copyright Office maintains AI work bearing âno human authorshipâ isnât eligible for protections; Allen is now taking them back to court over that denial.
đ Pour one out for Clippy: Microsoftâs paper clip-shaped assistant met his maker 17 years ago, but his spirit will live on in an updated Copilot tool. With the power of AI, Copilot will be able to read you news headlines, see whatâs on your screen, and chat out loud across web and mobile. Thereâs even a Think Deeper feature that gives Copilot more time to respond to complex questions, like what you should order for dinner.
đ Eli Lilly, ironically, is not slimming down: The pharma giant will invest $4.5B in the Lilly Medicine Foundry, an Indiana facility thatâll become its first to conduct both drug research and production when it opens in 2027. Lilly is capitalizing on the white-hot popularity of its weight loss drugs Mounjaro and Zepbound, which are expected to generate $50B combined by 2028, ~2x Lillyâs 2022 revenue.
MORE NEWS TO KNOW
If you were a âSpongeBob SquarePantsâ fan,Wendyâs has good news: Itâs the latest fast-food chain to tap into nostalgia, with a limited-time Krabby Patty Kollab cheeseburger and Pineapple Under the Sea Frosty.
Ouch: X is worth ~80% less than when Elon Musk purchased it for $44B in 2022, per estimates from Fidelity, likely due to declining ad revenue. X no longer trades publicly, nor does it release quarterly reports.
⌠but Mr. Rich Guyâs got himself a big win: Tesla reported a 9.1% increase in vehicle production and a 6.3% sales increase in Q3. Muskâs automaker previously posted two consecutive quarters of declining sales.
BOOST THOSE PROFITS
Your road map to making more cash
A show of hands for all the folks who want the keys to quickly becoming profitable?
Arthur Schubarth, 81, was sentenced to six months in prison and fined $20k for cloning a big sheep.
Whyâd he want this sheep? Not for a friend, unfortunately â but because hunting sheep for sport is a surprisingly big business.
For big game huntersâŚ
⌠ram hunting is a serious prize.
As of 2017, there were ~200k wild sheep in North America, down from the millions that roamed before humans showed up, pushed them out of their natural habitats, and killed them with diseases from domesticated sheep, perThe New York Times.
Conservation efforts include transplanting sheep, but also limiting hunting opportunities, meaning permits â which, in turn, fund conservation efforts â are expensive.
Hunters can pay $100k+, including tags and guides â and itâs hard, with hunts lasting several days, even weeks, in rough terrain.
SchubarthâŚ
⌠sought to sell his big sheep to game ranches.
He sent his son to Kyrgyzstan to hunt Marco Polo argali sheep, which can weigh up to 300 pounds. His son smuggled undeclared sheep parts home in his luggage, perArs Technica.
Schubarth sent the tissue to a lab and paid for cloned embryos, which he implanted into ewes. In 2017, a sheep he nicknamed âMontana Mountain Kingâ was born.
He attempted to breed that sheep with other ewes â and sold its semen to other ranchers â to create a bigger, more expensive sheep, and falsified documents to move his hybrid sheep around.
But you canât just Frankenstein yourself big sheep, because:
Marco Polo argali sheep are a protected species.
Theyâre banned in Montana to protect native sheep from disease and hybridization â not great for the very conservation efforts other sheep hunters fund.
The government has since confiscated Montana Mountain King and slaughtered some of the other resulting animals, donating the meat to local families in need.
You may be wondering: If I canât clone a big sheep, how is Colossal, the de-extinction startup, trying to clone a woolly mammoth? Well, the laws have yet to catch up to the tech.
Is the golden age of paid advertising over? If so, one paid-ad expert is confident he knows where to turn next and it rhymes with âinfluencer marketing.â (It also is that.)
Woulda, coulda, now you shoulda: One entrepreneur looks back on a decade of business-building successes and picks out five things sheâd do if she were starting all over again today.
DATA POINT
Thereâs good news and not-so-good news. The good news is that if you want to keep your employees happy, thereâs a really obvious way to do it: 81% of employees who feel highly appreciated at work report high job satisfaction, compared to 7% who feel unappreciated or neutral, according to survey data from Canva.
And 56% of employees report feeling appreciated or very appreciated at work, so job satisfaction is looking up.
That not-so-good news we mentioned? Women are less likely (51%) to feel appreciated or highly appreciated than men (63%) and more likely to feel unappreciated or neutral (28%) than their male counterparts (16%).
Oh, and the appreciation gets a little stuck when it flows downstream: More employees at VP level or above feel appreciated or highly appreciated (74%) compared to those in director-level roles (62%) or below (53%).
AROUND THE WEB
đ On this day: In 1895, Stephen Craneâs The Red Badge of Courage, which originally appeared as a newspaper serial, was published as a novel.
đť Thatâs interesting:Listen to a recently discovered Mozart composition.
đ Thatâs cool: Weâre not sure why youâd want to see satellite imagery of all 59k+ outdoor basketball courts in the US, but you can, thanks to The Pudding.