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$\varinjlim_{k}\Omega^{k}\circ \Sigma^{k}$ as 1-excisive approximation of the identity functor

In chapter 6 of HA by Lurie, for any functor $F:C\rightarrow D$ between 'nice' categories (like differentiable infinity categories), there is an $n$ excisive approximation to this functor behaving ...