OWITH.ai: Your Morning Briefing on AI, Tech, and Figma's Billion Dollar Success

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Danny Rimer of Index Ventures invested in Figma's seed round in 2013 due to co-founder Dylan Field's impressive presentation skills and vision to democratize design. Despite initial skepticism, Rimer believed in Figma's long-term potential and invested $86.5 million over 12 years. Following Figma's successful IPO, Index Ventures saw a significant return on their investment, with their remaining stake valued at over $7 billion. Rimer views Figma's success as validation of the importance of design in the tech industry, especially with the rise of AI creating more opportunities for people to engage in design and development. The article also discusses recent venture deals, private equity acquisitions, and fund raises in the tech and healthcare sectors.Tech earnings season continues with reports from companies like Amazon, Apple, and Coinbase. Figma, a design software company, saw its stock price triple in its public debut, reaching a market cap of $46 billion. Apple set a quarterly revenue record, beating expectations with strong iPhone sales and services revenue. Amazon CEO Andy Jassy discussed the transformative impact of AI on the company's operations. Other tech news includes reports on Salesforce and ServiceNow potentially investing in Genesys, Shein's revenue growth, Roku's profit, Tether's record profit, and Trump's move to end 'de minimis' imports for all. Overall, the tech IPO landscape is showing signs of recovery with successful public debuts for venture-backed companies like Figma.The text discusses global warming, CEO leadership, and the impact of tariffs on the markets. It highlights the challenges of climate change and the need for corporate leaders to innovate and adapt to mitigate its effects. The text also mentions a climate dinner for C-suite leaders and plans for more reporting on innovation in energy. It touches on President Trump's executive order raising tariff rates on imports, with specific rates for different countries like Canada and Mexico. Other news includes Trump threatening pharma companies, Apple and Amazon beating earnings expectations, Figma's successful debut on the stock exchange, and Ray Dalio selling his final stake in Bridgewater. The markets were down across the board, with S&P 500 futures down 1% premarket, and other indices experiencing declines.This week's Stratechery content includes an analysis of Figma as a collaboration platform for making software, the future of the U.S. semiconductor supply chain focusing on Intel, TSMC, and Samsung, and a discussion on whether Trump is softening on China based on recent actions and reports. The articles cover various topics such as Figma's potential in an AI world, TSMC and Intel's approaches to backside power, Tesla's collaboration with Samsung for future chips, and the implications of Trump's trade strategy on China's export model. The content also includes discussions on directed self-assembly in chip manufacturing, China's bandit phones, and the evolving relationship between the U.S. and China. Additionally, there are podcasts covering topics like Figma, Intel, and AI, as well as videos on content and community.

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