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In today’s edition, we look at how after Ozempic was hailed as a miracle for weight loss, other inje͏‌  ͏‌  ͏‌  ͏‌  ͏‌  ͏‌ 
 
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October 11, 2023
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Technology

Technology
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Louise Matsakis
Louise Matsakis

Hi, and welcome back to Semafor Tech. Silicon Valley has always been obsessed with wellness. From ice baths to intermittent fasting, the tech industry has historically been more willing than most to try out the latest biohacking fads, especially if there’s a chance something might help people live longer. Just look at all the pills and powders venture capitalists and startup founders are taking.

I have a story for you today about one type of treatment being touted by everyone from Joe Rogan to Jennifer Aniston: peptides. Not the collagen kind for improving your skin, but the often gray market injections, pills, and nasal sprays available online or through concierge medical services. Proponents say they can help you lose weight, build muscle, and get better sleep. Read on below to learn the surprising reasons why these supplements are becoming more popular.

Plus, we look at how the attacks in Israel are reverberating across the tech industry.

Move Fast/Break Things
Reuters/Brian Snyder

➚ MOVE FAST: Distributed Computing: Maybe crypto does have a use case! JPMorgan moved currency using a new service called a Tokenized Collateral Network. It would have taken a day using old tech. This time, it was instantaneous.

➘ BREAK THINGS: Massive computing: A study at the VU Amsterdam School of Business and Economics theorizes artificial intelligence could consume as much power as a small country, like the Netherlands, by 2027. Energy consumption may soon be the biggest bottleneck for the development of AI.

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Artificial Flavor

I attended Adobe’s big launch event in Los Angeles on Tuesday, when it unveiled its latest AI model, Firefly 2. There was genuine excitement in the room from video editors, photographers, and artists for these new tools. But not everybody is happy.

Generative AI is controversial, especially here in LA. My Uber driver asked me on the way back to the airport if I had attended the Adobe event and then told me about how CGI put him out of work years ago.

Adobe

Adobe’s AI products are careful to walk the intellectual property line. It trained its AI models on content for which it owns licenses. And the integration of AI into its extensive line of products seems cautious and thoughtful. Some of the new Photoshop features are simply better versions of software it had introduced years ago. For instance, you can extend a photo by asking AI to guess what would have been in the shot. Old Photoshop could do that. It just wasn’t very good.

Though Adobe is playing it somewhat safe with AI, it’s such a huge player that Tuesday’s coming out party was a significant development. If AI-powered image generation and film editing were the domain of early adopters and tinkerers, Adobe will make them part of the work flow of every graphic designer, web developer, and film editor.

Reed

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Louise Matsakis

How ‘peptides’ became the latest longevity trend in Silicon Valley

THE SCENE

Earlier this year, E, a software engineer at one of the FAANG tech giants in Silicon Valley, hit a wall in the gym. The 32-year-old had been working out consistently with a personal trainer for over a year, but his weight lifting progress was starting to plateau.

His trainer began encouraging him to order supplements online to push his body further, which he called “peptides.” E finally decided to take the plunge in April and bought two bottles of 60 pills from a website for $180.

In the era of the “buff business leader,” some tech workers have begun using peptides — a broad class of oral and injectable drugs, treatments, and supplements — to improve their health and appearance. They range from the FDA-approved diabetes medication Ozempic to unregulated compounds imported from China.

Enthusiasts claim they can not only treat disease, but also increase weight loss, boost muscle growth, or give you a tan without needing to sit out in the sun. Since the end of last year, the relative popularity of Google searches in the U.S. for “peptides” rose nearly 60%, according to Google Trends.

“The tone around peptides went from ‘this is some obscure thing’ to ‘this is a normal thing,’” said E, who asked to use his middle initial to protect his privacy.

Semafor/Al Lucca

KNOW MORE

Peptides are short chains of amino acids that are used by all living creatures to make proteins. More than 80 peptide therapies have been approved worldwide — the most well known example is insulin.

Bodybuilders and biohackers have long dabbled with taking peptides, but providers say the practice has become more popular since the COVID-19 pandemic and the rise of injectable obesity medications such as Ozempic, Mounjaro, and Wegovy, which Elon Musk has credited for helping him to drop 30 pounds.

Demand for these specific peptide drugs — referred to as GLP-1 medications — has skyrocketed over the last year, leading to shortages. In order to access them, people began turning to online telehealth services that often partner with compounding pharmacies, which can produce GLP-1 drugs readily and cheaply. Some clinics, like Concierge MD and Telegenixx, also offer other, more fringe peptides to their patients.

“We can help manage things like mental clarity, focus, and sexual wellness,” said Erin Keyes, the co-founder and CEO of Telegenixx. The company announced in June that patient enrollment had increased 350% since the start of the year, and competitors around the country have recently begun adding peptide therapy to their practices as well.

Keyes said that peptides are particularly appealing to people in industries like tech, where many roles are mentally demanding and physically sedentary. Abe Malkin, the CEO and founder of Concierge MD, said his patients often listen to podcasters like Joe Rogan and Andrew Huberman, who have both previously discussed peptides on their shows.

Regularly injecting multiple peptides, or what biohackers often refer to as “stacking,” can quickly get expensive. Telegenixx’s service starts at $299 a month for one peptide and increases to $499 if patients add on another.

One peptide user, who had previously used two other compounds to help him recover from an elbow injury, said he was currently considering a round of tesamorelin, a synthetic human growth hormone peptide that is FDA-approved to treat HIV patients. The $1,200 price tag for a three-month supply, however, gave him pause.

Patients must also contend with the potential side effects from taking peptides, especially when it’s not always clear what may be in them. The U.S. Food and Drug Administration periodically cracks down on websites selling unapproved versions of the drugs, but it still remains relatively easy to find them online.

E said the pills he bought almost immediately made him feel stronger, less stressed, and improved his sleep. But he stopped taking them after noticing clumps of his hair falling out in the shower, which he learned was a common side effect after reading accounts from other users online. “If I didn’t start losing my hair, I’d still be on them today,” E said.

For Louise's view on peptides and the rest of the story, read here. →

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Live Journalism

Mike Rogers & Jeetu Patel on Cybersecurity in the age of AI

On Tuesday, October 17, Semafor will convene top Washington officials, industry leaders, and key stakeholders to explore a clear-eyed approach to the future of cybersecurity, hacks, and cyber defense vs. offense.

Led by Semafor’s top editors, we will delve into the agenda-driving conversations around the challenges and opportunities AI presents to cybersecurity, protecting critical infrastructure, and the threats that are keeping top government officials and business executives up at night.

RSVP to join us in the room.

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Semafor Stat

The number of additional monthly active users discovered by X rival Mastodon. The company had undercounted people on the platform because of a network connectivity error. The updated figure leaves the service with a total of about 1.8 million monthly users, a 5% bump from September.

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What We’re Tracking

Silicon Valley has deep ties to Israel. The Hamas attack reverberated through the industry and its effects will be felt for some time. I had planned to attend a dinner this evening in San Francisco hosted by a venture capital firm based here. It was canceled because the firm’s partners, some of whom are Israeli, are busy dealing with the fallout, both in their personal lives and business. Here’s a roundup of some of the tech-related impacts.

Reuters/Ronen Zvulun
  • In Israel, technologists are going to the front lines. Israel has compulsory military service for men and women and the majority of people do reserve duty. Those reserves are now needed as Israeli forces prepare to move into Gaza. That means tech companies in Israel will take a big hit. But don’t expect things to shut down. Israelis are great at compartmentalizing. I visited Israel twice during the Intifada that began in 2000 and witnessed how the country was able to keep functioning during constant threats. And I’m hearing that startups in Israel are already forging ahead. Israeli biotech company Mana.bio, for instance, announced a $19.5 million seed round Tuesday, even as the company grappled with a coming war.
  • The conflict in Israel has provided a stress test of sorts for X, formerly known as Twitter. The conclusion of most people in the mainstream press is that X just isn’t as useful anymore, since Elon Musk reduced its content moderation capabilities. And as Casey Newton lamented, Meta’s competitor to X, Threads, isn’t much better. Meta learned the hard way what happens when a platform becomes an important source of news. What we may end up with is the tech industry getting out of the news business.

    And is that so bad? As the attacks give way to a likely protracted Israeli military effort, do people need to mainline a constant stream of information fragments about a conflict that most probably don’t fully understand? Some Jews are already bracing for what their kids may see on apps like TikTok, fearing Hamas may post a deluge of gruesome executions of children on social media.
  • The failure of Israeli intelligence to see this coming will produce a lot of soul searching in the country’s national security circles. It also raises questions important to the tech industry. First, the artificial intelligence and other advanced technology Israeli used to monitor Hamas couldn’t predict or prevent the attack. Second, the surprise nature of the assault may offer lessons on how to predict a possible surprise attack by China against Taiwan. Could there be clues hiding in plain sight as China rehearses military operations near Taiwan at a steady clip?
  • Many in the tech industry are rallying around Israel, pledging support and money to the effort. But there are certainly those who are on the other side of the conflict. Groups of hackers, many allegedly from countries like Bangladesh, Pakistan, and Morocco, have targeted Israeli web sites with DDoS attacks. And, not surprisingly, Hamas availed itself of the blockchain in order to funnel elicit funds into the country and presumably purchase weapons used in attacks.
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Hot On Semafor
  • African leaders are trying to walk the line between strongly-held principles, diplomatic expediency, and empathy in the wake of Hamas’s attack on Israel.
  • This speaker race might take a while, Republicans warn.
  • Help Israel, blame Biden: Republicans hit similar notes in response to terrorist attacks on Israel, which seemed unlikely to upend the primary.
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