Presented by | | | Well, it's official, party people, Olympic swimmers will be competing in Paris' Seine River after an all-hands-on-deck $1.5 billion cleanup effort. For those who aren't aware, it's been illegal to swim in the Seine for roughly 100 years because of the insane amount of bacteria found in the water due to raw sewage, wastewater, and fecal matter. In February, the river was still deemed 20x above the bacterial threshold for swimming. But after the Mayor of Paris took a dip last week to show off that it's safe to swim in, it looks like the greatest athletes in the world will have to hold their nose and dive in. | In other news… Sam Altman's UBI study turns in results, Apple folds its phones, and Deadpool & Wolverine may be the biggest R-rated movie of all time. | Was this email forwarded to you? Subscribe |
| |
| | | .ECONOMY. | | Checks please // Illustration by Kait Cunniff with DALL-E 3 |
| Sam Altman-backed UBI study shows the receipts | The Future. OpenResearch and OpenAI CEO Sam Altman concluded the largest-ever US study of the effects of universal basic income. Spoiler alert: giving people cash has a lot of benefits. Considering the inevitability of AI displacing a large swath of low-income and entry-level work, expect the study to become a centerpiece of the industry's push to convince lawmakers to consider UBI legislation to soften the tech's effect on society. | Cash relief For three years, OpenResearch gave $1,000 to 1,000 residents in Texas and Illinois who made under $28,000 per year (and $50 to 2,000 residents as a control group). | Here's what happened: | Recipients increased their spending by an average of $310/month, using the money for basic needs like rent, groceries, and transportation. 26% also took the time to go to the doctor and dentist more. They worked slightly less than the control group to devote more time to family, were more strategic about how they applied for jobs, budgeted and saved more, and explored more education and entrepreneurial opportunities. Many said the cash lowered their stress levels (at least during the first year), leading them to cut down on overindulging in alcohol and unprescribed painkillers. They were also more generous with their money, offering financial support to others.
| The findings from the $60 million study (Altman contributed $14 million of his personal money) mirrored those of dozens of other smaller studies. However, like those studies, the researchers, led by Elizabeth Rhodes, express that cash only solves problems up to a point. | Governments need to invest in infrastructure that makes each dollar go further and maximizes people's quality of life. | |
| |
| | | Do you want to receive universal basic income? | | 69.2% of you voted No in yesterday's poll: Did you go to business school? | "It's just an extremely expensive networking activity." | "It didn't help." | "BSBA for undergrad, MBA for grad school — both mostly useless IRL." |
| |
| | .A WORD FROM OUR FRIENDS AT WINE INSIDERS. | Sit, sip, and repeat — 100% satisfaction guaranteed | Trying a new bottle of wine can feel like a roll of the dice: regions and varietals and vintages, oh my! | Wine Insiders makes it simple and fun, offering detailed tasting notes on over 300 bottles and expert-curated wine sets from 15 top wine regions from around the world. They're dedicated to serving every customer's needs with a 100% satisfaction guarantee. If you don't love every bottle you buy, they promise to make it right. | You can also pick recommended wines from their celebrity partners, including lifestyle expert Martha Stewart, Iron Chef Geoffrey Zakarian, and Michelin-star chef Ludo Lefebvre. | So, whether you're shopping for yourself or someone else, Wine Insiders is the perfect resource for all your wine needs. | Plus, readers can save 40% on their first order by using this exclusive link. Order six or more bottles and get free shipping! | |
| |
| | | Media, Music, & Entertainment | Deadpool & Wolverine is expected to open between $160 and $170 million at the domestic box office this weekend, beating the previous record holder for the biggest R-rated opening of all time… Deadpool 2. [Read More] Netflix has hired Alain Tascan, a former VP of game development at Epic Games, as its new President of Games. [Read More] AppleTV+ is reportedly slashing budgets across its programming to reign in costs and change its reputation as a lavish spender. [Read More]
| Fashion & E-Commerce | Revolut, the second-biggest fintech startup in the world, will start selling employee shares at a valuation of $45 billion. [Read More] MSCHF is back at it again, dropping a high heel made out of leisure slides, dubbed the Flipped Flop. [Read More] The Paris Olympics are a low-key fashion show. [Read More]
| Tech, Web3, & AI | Mark Zuckerberg is on a publicity roadshow to tout why AI should be open source as Meta releases its newest iteration of Llama. [Read More] Google is giving up on its quest to end internet cookies after rivals complained to regulators that doing so would give the company stronger control of ad sales and tech. [Read More] Ethereum-backed ETFs scored over a billion dollars in trades during their first day on the market. [Read More]
| Creator Economy | Senate Majority Leader Chuck Schumer announced that two bills focused on kids' online safety are slated to be voted on this week. [Read More] Good Paul: Jake Paul's men's body care brand, W, raised $14 million from a funding round led by Shrug Capital and Anti Fund as the company is expected to make $50 million in sales this year. [Read More] Bad Paul: Logan Paul's Prime Hydration was sued by the US Olympic and Paralympic Committee over trademark violations tied to the brand's collab with NBA star Kevin Durant. [Read More]
|
| |
| | .TECHNOLOGY. | | Split decision // Illustration by David Vendrell |
| Apple flips for foldable phones | The Future. Apple is working on a foldable phone that could come out as soon as 2026. It would be one of the biggest design changes to Apple's best-selling smartphone. But in order to avoid the same muted commercial reaction as the Vision Pro, watch for the tech giant to ensure the future foldable iPhone has one mainstream killer application that makes it a must-have device. | Flip for it? Apple is folding to Gen Z trends. | Apple all but confirmed it's working on the new phone, which is officially in development with suppliers under the code name "V68." An iPhone typically takes two years to manufacture from start to finish, which means customers could get their hands on one in 2026 at the earliest. That's only if the project isn't pushed or canceled altogether (typical of Apple), especially as engineers have struggled with removing the crease on the screen when opened. Additionally, designers have said that the phone should be as thin as a typical iPhone when folded — something that's now possible with the announcement of an ultra-thin iPhone that's releasing next year.
| The proposed phone will "fold widthwise like a clamshell," according to The Information, similar to Samsung's Galaxy Z Flip, which has been a hit with users. | Why the interest in flip and foldable phones? Young people are increasingly falling for them. Last year, online searches for flip phones among Gen Zers and younger millennials were up 15,369% from the year prior. | |
| |
| | .A WORD FROM OUR FRIENDS AT TIEGE HANLEY. | Want better skin? | Well, then you need Tiege Hanley. | Tiege Hanley is an easy-to-use skin care line created with men (and those who identify as men) in mind. | It's easy to get started, too. They have a minimal package that covers all the basics: | | Here's to better skin (and the fact that it'll only cost you $9 to get it). | |
| |
| | | Read: TechCrunch dives into the memes making VP Kamala Harris' presidential campaign go viral. Watch: Eminem stars alongside a voice-and-image-deepfake of his younger Slim Shady persona in the music video for "Houdini." Listen: WSJ dissects whether the inclusion of robots in the kitchens of fast-food restaurants can speed up the industry even more with Chipotle CEO Steve Ells.
|
| |
| | | | Elon Musk @elonmusk | |
| |
They should actually teach this in biz school | | | 6:18 PM • Jul 22, 2024 | | | | 406K Likes 35.3K Retweets | 5.28K Replies |
|
| The Princess Bride is the gift that keeps on giving. |
| |
| | LATEST PODCAST EPISODE | Today, on an extra special bonus episode of Future Forecast, our hosts Boye and Chris sit down with Andrew Kenward, the President and COO of Almost Friday Media. Andrew was an agent at WME in the digital media department at WME before being brought into the Almost Friday universe in 2021. We chat with him about his career, his goals for the brand moving forward, and what it's like working in media today. | | |
| |
| | | Share TheFutureParty | Your friends will thank you, trust us. Btw. We're always offering new rewards. Look out for limited reward drops for sharing the newsletter. | You currently have 0 referrals, only 1 away from receiving your Curated Trend Reports. | | | Or copy and paste this link to others: https://news.futureparty.com/subscribe?ref=XIy5SJPyLS | |
|
| |
| Like what you see? Subscribe Now or Partner With Us | Keep the editorial team going! Buy the team a coffee! ☕️ | Today's email was written by David Vendrell. Edited by Nick Comney. Copy edited by Kait Cunniff. Published by Darline Salazar. |
|