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đź’ˇ OpenAI and Microsoft Collaborate: Pioneering the Future of Superintelligence
+ iOS 18 Revealed | Google-Netflix Deal | Starlink Account Issue
Kristoffer Lindström
November 13, 2023
Hello, tech enthusiasts!
Today is November 13th, 2023, and here's your daily dose of cutting-edge technology news. Dive into the latest trends, breakthroughs, and controversies in the tech world. Here's a sneak peek of today's top stories:
iOS 18 Unveiled - Apple's latest ambitious update.
Market Surge - Tech stocks rise amid economic shifts.
OpenAI Funding - Pursuing Microsoft's support for advanced AI.
Apple-Amazon Pact - A strategic ad-free partnership.
EU vs Apple - Apple contests App Store monopoly claim.
Google-Netflix Terms - Revealing a unique revenue-sharing offer.
Starlink Outrage - Users face account reset challenges.
and more…
Stay tuned for detailed insights and analyses on these topics.
Tech Companies
Apple has a deal with Amazon to limit competitor ads on pages featuring its products, thereby offering cleaner search results and pages. Apple's compensation for Amazon's diminished ad revenue remains uncertain.
đź’ˇ Why does this matter?
This Apple-Amazon deal may signal a shift in e-commerce advertising strategies. Other companies might pursue similar agreements, resulting in cleaner pages but potentially reshaping online marketplaces' competitive dynamics and ad revenue models. This arrangement may also influence regulatory probes into tech giants' business practices.
Apple will appeal the EU's Digital Markets Act requiring App Store and iMessage alterations. Apple must comply by March 2024, triggering important changes to its App Store business model.
đź’ˇ Why does this matter?
Apple appeal to the EU ruling could trigger seismic shifts in digital marketplaces, potentially prompting governments globally to scrutinize tech giant monopolies. This might lead to a more decentralized app economy, opening opportunities for alternative app stores and payment systems.
Google offered Netflix a special deal in 2017 to keep 90% of its in-app payments on Android, which Netflix declined due to projected financial losses. Today, Netflix urges users to subscribe via a mobile browser, avoiding Google Play distribution fees entirely.
Starlink users are reporting account disruptions due to a bug, with difficulties around password resetting and missing refunds. The company's narrow customer support options have exacerbated the difficulties.
AI Corner
OpenAI's CEO, Sam Altman, is reportedly seeking further funding from Microsoft and other investors to continue developing artificial general intelligence (AGI). This comes after Microsoft invested $10 billion in OpenAI earlier this year. Efforts to monetize OpenAI's products include a suite of new tools and a GPT store for the most popular creators. The company also announced plans to release GPT-5, although no timeline has been provided.
Insights & Analysis
Despite holding a dominant 40% market share in cloud services, AWS needs help in embracing generative AI. In response, AWS has established 'Next Generation Developer Experience' to ensure its relevance in the evolving tech landscape.
đź’ˇ What can we learn from this?
Amazon Web Services (AWS) is more than just an online storage provider—it plays an integral role in the scalability and efficiency of business operations. However, while AWS dominates the existing cloud market, its readiness for generative AI advancements—a crucial component of the emerging Cloud 2.0 era—is questioned. This applies especially to tech companies and tech investors, providing signals about opportunities and threats in the evolving cloud computing market. AWS's direction and strategies would be a business barometer for many tech-centric firms.
Markets & Money
U.S. stocks recorded a second week of gains as investors await upcoming inflation reports. The market rebounded from earlier losses as treasury yields subsided, enabling the S&P 500 and Nasdaq Composite to post substantial gains. Despite hawkish comments by Federal Reserve Chair Jerome Powell, the belief remains that the Fed may be done hiking interest rates. All eyes are now on next week's CPI and PPI reports for October. Meanwhile, tech shares, particularly semiconductors, led the market surge.
Apps & Gadgets
Apple is planning for iOS 18 to be an 'ambitious and compelling' overhaul with significant performance, security improvements, and groundbreaking features. Despite a short pause on development to rectify bugs, Bloomberg’s Mark Gurman reassures this is unlikely to delay the expected 2024 release.
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