💬 Quoted… “[Its goal is] to understand the true nature of the universe.”

Clearly unaware that the meaning of life, the universe, and everything is 42, Elon Musk yesterday announced the launch of a new artificial intelligence company called xAI.

• Comprised of experts from prominent organizations like DeepMind, OpenAI, Google Research, Microsoft Research, Twitter, and Tesla, the team behind xAI has previously worked on projects such as AlphaCode and GPT-4 chatbots. This positions the company to compete with established players like OpenAI and Google.

💻📈 Stat of the Day: According to Adobe Analytics, online spending in the US surged by ~6% on Tuesday to reach $6.4 billion, making it the single largest e-commerce sales day of the year. The cause? Amazon Prime Day.

🪵 Did You Know?.... Attention all woodchucks – home furnishing company IKEA reportedly uses 1% of the planet's lumber. That comes out to about 530 million cubic feet of wood per year.

📖 Worth a Read: → When Parents Want to Pass Down Furniture You Hate: An Awkward True Story (WSJ)