AI, IPOs, and Insights: The Latest from OWITH.ai

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.The writer shared their experience of using ChatGPT's new study mode as a personalized tutor to learn algebra, a subject they struggled with in high school. Despite initially failing at math, they found the AI-powered tool to be helpful in understanding concepts and progressing through various types of equations. Reflecting on the potential benefits and risks of AI in education, highlighting the promise of personalized learning but also acknowledging concerns about over-reliance. The newsletter also covers other AI-related news, such as Microsoft signing the EU's AI code of practice, OpenAI launching a data center initiative in Norway, and the competitive recruitment of top AI researchers by tech companies. This personal journey with ChatGPT's study mode is related to the broader context of AI developments and applications in various industries.Transitioning to Figma's recent completion of its IPO, raising $1.2 billion and demonstrating strong demand for its shares. The company's $19 billion valuation is a testament to its potential as a standalone business, with impressive year-over-year revenue growth and profitability. Figma's success could serve as a bellwether for the venture-backed IPO market, which has seen a 45% increase in offerings year-to-date. The company's high quality and strong fundamentals are attracting investor interest, indicating a thoughtful recovery in the market. Figma's IPO also highlights the potential for other high-growth software companies in categories like SaaS and AI. Overall, Figma's IPO is seen as a turning point in the long-awaited recovery of the IPO market, with the company poised to challenge industry leader Adobe in the design software space.Moving on to Microsoft reporting strong earnings, with revenue of $76.4 billion and net income climbing 24% to $27.2 billion for the quarter ending June 30, 2025. This performance pushed their stock up over 7% in after-hours trading, surpassing a $4 trillion market cap. Meta also had a successful quarter, with revenue increasing 22% to $47.5 billion and daily active users reaching 3.5 billion. Analysts are suggesting that Apple needs to make a big acquisition in AI to stay competitive, as the company's recent WWDC event lacked focus on artificial intelligence.Warren Buffett's advice to Brooks CEO is to make sure the brand is stronger at the end of the year than it was at the beginning. Brooks Running, a subsidiary of Berkshire Hathaway, has been experiencing growth despite rising costs and competition in the sports shoe market. The company's CEO aims to expand into new markets while maintaining a focus on performance and catering to their core customers. The company's success can be attributed to its reputation for focusing on performance and targeting health-conscious consumers, particularly Gen Z.That wraps up today's episode with a roundup of important news and insights from the world of AI and tech. Thank you for tuning in to OWITH.ai - your source for cutting-edge updates in artificial intelligence and technology.

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