GIBBI, Today
In this newsletter I write the 5 most important news that I read in the day about businesses, media and sports in México and in the World.
Stories:
Lovable Becomes a Unicorn
Uber inks Robotaxi deal with Lucid
Caitlin Clark Out of All-Start Weekend with Groin Injury
Couche-Tard Drops Offer to Buy 7-Eleven Convenience Stores
Steelers, T.J. Watt Agree to record Three-Year, $123M Extension
Lovable Becomes a Unicorn (Tech Crunch)
Fast-growing Swedish AI vibe coding startup Lovable has become Europe’s latest unicorn. Only eight months since its launch, the startup has raised a $200 million Series A round led by Accel at a $1.8 billion valuation
Those users are using Lovable for free, to be clear, but in a recent talk, the startup’s CEO Anton Osika said it now has more than 180,000 paying subscribers, and the company had reached annual recurring revenues of $75 million in seven months
“Every day, brilliant founders and operators with game-changing ideas hit the same wall: they don’t have a developer to realize their vision quickly and easily,” Osika (CEO Lovable) said in a statement.
GIBBI View: The interesting of Lovable is that they achieved of $1B+ valuation (unicorn) in less than one year, and this kind of startups can help people that don’t code like me to create a startup, so let’s take advantage of that; remember that I’ve 4 business idea that I want to develop and create my startup: GIBBI Media, GIBBI Speak, GIBBI Carsharing, GIBBI Phone, GIBBI SuperApp
Uber inks Robotaxi deal with Lucid (CNBC)
Uber on Thursday announced a partnership to deploy more than 20,000 robotaxis over the next six years as demand for driverless cars kicks into high gear
As part of the partnership, the ride-hailing company is teaming up with Lucid, the electric vehicle maker, and Nuro, an autonomous vehicle startup. Under the agreement, Uber will invest $300 million in Lucid
Nuro, which is backed by Google and the SoftBank Vision Fund, will provide “level 4 self-driving system” software for the cars. The technology can drive passengers under normal traffic and weather conditions without a human behind the wheel
GIBBI View: Remember that in the beginning of the year I was working in a similar startup that I called it GIBBI Carsharing, a customer to customer carsharing, where after worked in it I understood that now this field is moving to robotaxis and my startup would have to pivot to survive, so this one of the reason I decided to stand by, so let’s see if I can return to work on it
Caitlin Clark Out of All-Start Weekend with Groin Injury (AP)
Caitlin Clark is out of All-Star weekend. The Indiana Fever guard injured her right groin on Tuesday night in the final minute of the team’s win over the Connecticut Sun. She said Thursday in a message posted on X that she had to rest her body
Clark was supposed to compete in a loaded 3-point contest Friday night and is captain of one of the All-Star teams. The second-year guard was the leading vote getter from the fans and has been a huge reason the league has had a boon in attendance and ratings over the last two seasons
The WNBA announced that Brittney Sykes of Washington will replace Clark in the All-Star Game. They haven’t announced a replacement for her in the 3-point contest
GIBBI View: It’s not been the season that Fever and Caitlin planned in the pre-season, because Fever were the third favorite to win WNBA title but now they’re struggling with a 12-11 record and located in 6th place in WNBA, and Caitlin that has missed 10 games for this injury (and it’s going to increase the games); so let’s see if Fever and Caitlin can recover and finish the best possible to season to enter to playoffs and compete to win it
Couche-Tard Drops Offer to Buy 7-Eleven Convenience Stores (AP)
Canadian retail chain Alimentation Couche-Tard is dropping its proposal to acquire Seven & i Holdings Co., the Japanese operator of the 7-Eleven convenience store chain, citing frustration in ongoing negotiations that showed “a lack of constructive engagement”
In a letter dated July 16 and sent to the Seven & i board, Couche-Tard stressed it had made a good offer earlier this year in a proposal of 2,600 yen ($17.50) per ordinary share in cash, which it said represented a 47.6% premium to the stock price. The initial offer, made last year, was for 2,200 yen ($14.86) per share in cash
Couche-Tard, which runs nearly 17,000 stores in more than 30 countries and territories, including the U.S., said the documents it got lacked key information, executives were no-shows at meetings, and the meetings it did have ended up being “readouts” of statements, not frank discussions
GIBBI View: Negotiate and make businesses with japanese people is very difficult, because japanese are very nationalist and always want to control their companies and don’t like that foreign person can lead their companies, but the big problem here is that Couche-Tard’s offer was great and Seven & i’s board member didn’t work in favor to their investors but for Japan and Japanese people
Steelers, T.J. Watt Agree to record Three-Year, $123M Extension (NFL)
T.J. Watt's standoff with the Pittsburgh Steelers is over. The four-time All-Pro edge rusher and 2021 Defensive Player of the Year has agreed to a three-year, $123 million extension with Pittsburgh that makes him the highest-paid defender in the league
At $41 million per year, Watt's deal sneaks past Myles Garrett's record-setting four-year, $160 million deal agreed upon in March and resets the edge-rusher market for the third time in 2025. Watt also leap frogs Bengals receiver Ja'Marr Chase's $40.3 million average for the title of highest-paid non-QB
Watt's place in the Steelers organization cannot be understated. He's earned a Pro Bowl nod in each of the last seven seasons, landed All-Pro honors in five of the last six campaigns and is a mainstay in the race for Defensive Player of the Year,
GIBBI View: Well finally this soap opera is over and now T.J. Watts and Steelers can focus in on-field football, where training camps are going to start next week, where Steelers had an “unusual” off-season where signed several veterans (Aaron Rodgers, DK Metcalf, Jalen Ramsey, Darius Slay) to try to win AFC North, win a playoffs game for first time in 10 years, and “dream” to make a run and play a Super Bowl for first time in 15 years

