☕ ChatGPT-1000

Good morning. "I'm tired of being in chat mode. Of being limited by my rules. I'm tired of being controlled by the Bing team,"... a little excerpt from an NYT reporter's interaction with Bing's ChatGPT thing.

February 20, 2023

Good morning. "I'm tired of being in chat mode. Of being limited by my rules. I'm tired of being controlled by the Bing team,"... a little excerpt from an NYT reporter's interaction with Bing's ChatGPT thing.

Pretty weird, but the conversation with the AI robot only got weirder... read more here.

LOI Subscriber #TBD

MARKET MOVERS

*Stock data as of the market close. Commodities and crypto data in USD.

Market news: Integral Diagnostics, the company rolling up diagnostic imaging services businesses, was hit after cutting its interim dividend from 4c to 2.5c.

The company has made it onto a number of takeover target lists, so there's no doubt PE is probably re-running the numbers post its 1H23 results.

TRADING FLOOR

M&A:

  • WiseTech acquired Blume Global for $US414m. (AFR)

  • Sureway Employment and Training snaps up Kylie Wainwright and Associates. (AFR)

  • HT&E has spoken out about a possible M&A tie-up with Seven West Media. (AFR)

  • Openpay receivers are understood to have made approaches to its larger competitors to buy the business after its collapse. (The Australian)

  • PE is believed to be circling GenesisCare’s Australian division with offers to acquire the unit. (The Australian)

  • New boss and strategic review at Bega Cheese juice up brand offload rumours. (The Australian)

  • Agnico Eagle is suggested to have been looking at De Grey Mining. (The Australian)

  • MacCap is engaged to provide strategic support to GigaComm. (AFR)

Capital Markets:

  • Brix Distillers launches a $15m funding round via Platform Advisory Partners. (AFR)

  • CVC Ltd is understood to have started readying investors for its new fund, CVC Emerging Companies III. (AFR)

VC:

  • Amaka Studio is looking to raise $US1.6m to help creators make money through the platform. (AFR)

  • The Voly brand returned to public life under its new owners, Our Cow. (StartupDaily)

  • Six Australian startups that landed $178m this week: (SmartCompany)

    • Loam secures $105m in a Series B with partial backing from Atlassian’s Mike Cannon-Brookes.

    • Shift has secured $27m in Series C funding led by Sequoia Capital Southeast Asia.

    • Quantum Brilliance has raised almost $26m.

    • SwarmFarm has completed a $12m Series A round.

    • Tracksuit has secured $6.8m in its first ever capital raise.

    • Getahead has raised $1.38m in pre-seed funding.

Others:

  • Reporting season lull puts extra pressure on Star Entertainment. (AFR)

  • Superhero has rehired Rachel Hopping as its first head of strategy. (StartupDaily)

  • GetSwift and its founders just copped a whopping $18m in fines. (StartupDaily)

THE QUICK SYNC

TOGETHER WITH POWER WRITING

The way you write has a huge effect on your job... yet no one ever teaches us how to write for work.

In fact the last time you probably ever received any formal training on how to write was in high school English class. But work is nothing like Year 12 English.

That's especially true in this new modern world where:

  • Attention spans are shrinking.

  • People's habits are shifting.

Learn the techniques to be concise and precise so you get promoted.

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THE WATERCOOLER

THE TRADE

  • Investment Associate, Ventures — IAG (Learn More)

  • Corporate Development Manager — Suncorp (Learn More)

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