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☆ Apple and Google have a symbiotic deal: ChatGPT will pressure the former to evaluate this relationship
  + stars: | 2023-02-10 | by ( Thomas Maxwell | Alistair Barr | ) www.businessinsider.com   time to read: +6 min
Google has long benefited from a costly deal to be the default search engine on Apple devices. On top of the Apple deal, Google controls Android and Chrome, with roughly 71% and 65% of the smartphone and browser markets, respectively. Based on its understanding of Google's deal with Apple, Bernstein believes that a 3-year default search deal is coming up for renewal later this year. It's unclear whether Apple would want to change the default search engine to Bing, but it's always had a contentious relationship with Google. Apple's services business, which includes the search deal, was a bright spot in the company's most recent earnings report.
☆ The inside story of how Microsoft caught up with Google on AI, and the unlikely executive who made it happen
  + stars: | 2023-02-10 | by ( Ashley Stewart | ) www.businessinsider.com   time to read: +9 min
With OpenAI technology, Microsoft CEO Satya Nadella is challenging Google's online search monopoly. "Who'd have thought, even just a few months ago, that Google would be on their back foot," said Soma Somasegar, a former Microsoft executive. Google was also busy incorporating machine-learning and other AI technology into popular products such as Google Photos, Google Translate, and its search engine. Microsoft's new Bing search engine uses a newer version of GPT-3 to answer complex questions. Microsoft's positive feedback loopThe OpenAI deal laid the foundation for Microsoft to catch Google in the AI race.
☆ Ex-Google engineer said his former employer isn't taking AI seriously after demoing its new tools in Paris
  + stars: | 2023-02-09 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
Maarten Bosma, an ex-Google Brain engineer, said in a tweet that Alphabet isn't taking AI seriously. Bosma's tweet comes after Google demoed its latest AI tools in Paris, including ChatGPT rival Bard. Some critics called Google's demo "frankly, bad" and a "disaster" amid a growing AI arms race. "I think the Google presentation signaled (rightfully or wrongly) that they are not really taking it seriously," Bosma tweeted. Microsoft' demo "was presented as a revolution," while Google's demo was presented as a "disaster," Marcus wrote.
☆ The walls are closing in on Google. Here's what it needs to do to survive.
  + stars: | 2023-02-09 | by ( Paayal Zaveri | ) www.businessinsider.com   time to read: +7 min
Google needs to focus on building up its AI business while also keeping costs under control. Building up its AI business needs to be a top priorityThe events of the last few days show Microsoft and Google are clearly in an AI arms race — one that Google needs to win for its own sake. Google needs to double down on its own AI prowess right now, given the threat, Wall Street analysts said. However, they emphasize that Google needs to be thoughtful and show why its technology is better than OpenAI rather than being reactive. Maintaining efficiency while retaining an innovative cultureTo win in AI, however, Google needs to maintain its culture of innovation.
☆ ChatGPT's founder blasts Google as a 'lethargic search monopoly' as the tech giant's AI war with Microsoft heats up
  + stars: | 2023-02-08 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
OpenAI CEO Sam Altman called Google a "lethargic search monopoly" in an interview on Tuesday. Google has said it's own ChatGPT rival, Bard, will be coming to the public in a matter of weeks. Altman said he sees tremendous upside to Microsoft's decision to incorporate OpenAI's technology into its search engine. Microsoft announced the integration of an AI language model into its "new Bing" search engine on Tuesday. Google's search engine represented over 91% of the global search market in the past 12 months, while Bing accounted for about 3%, according to data from SimilarWeb.
☆ Disney and other Hollywood giants spent billions chasing Netflix. But their strategy appears to have a major flaw.
  + stars: | 2023-02-03 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +7 min
Media companies are trying to get to streaming profitability but their underlying businesses are in worse shape than previously thought. The remedy is to cut content spending, which throws the whole business model out the window. After cheering on Hollywood players for massively spending on streaming content, Wall Street is looking less impressed. Bottom line is, the media business isn't as good as it used to be." But another warning sign for these companies is that in streaming, content may not be as valuable as once thought.
☆ Apple and Google are both at their biggest risk of disruption in over a decade
  + stars: | 2023-01-13 | by ( Matt Weinberger | ) www.businessinsider.com   time to read: +7 min
This year, Apple and Google will both face their first real tests in a very long time. Apple could finally open its walled garden, potentially disrupting the App Store juggernaut. Google has spent the last decade-plus guarding its advertising business; Apple has built as many moats around its all-important iPhone business as possible, happily collecting App Store fees and Apple Music subscriptions. Let's look at how this is finally the year that Apple and Google will face their most meaningful competition yet. If the App Store opens up and the iPhone doesn't become a toxic hellstew, perhaps Apple will reconsider its approach.
☆ The world's biggest chipmaker is making a multi-billion dollar investment in the US even though it'll cost way more to make chips there. Here's why it decided to do it anyway.
  + stars: | 2022-12-17 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +4 min
Taiwan-based TSMC, the world's biggest chipmaker, announced a $40 billion investment in Arizona last week. That's despite TSMC's founder previously calling US chip production an "expensive exercise in futility." In the event China — which claims the island as its own — invades the island and chip production screeches to a halt, there could be trillions of dollars in economic losses. First, the cost of chip production in the US might not ultimately be "50% more expensive." The factories will be partially subsidized by the US government through the CHIPS and Science Act, a package passed in August that provided $52 billion to boost US semiconductor chip production.
☆ Coinbase CEO slams Sam Bankman-Fried: 'This guy just committed a $10 billion fraud, and why is he getting treated with kid gloves?'
  + stars: | 2022-12-08 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +4 min
The CEO of Coinbase said that it's "bizarre" Sam Bankman-Fried is "getting treated with kid gloves." "I mean, this guy just committed a $10 billion fraud, and why is he getting treated with kid gloves?" "We appreciate that you've been candid in your discussions about what happened at #FTX," Waters tweeted. Criminal Activity!," Waters tweeted. He's not the only crypto CEO who's criticized the former FTX CEO recently.
☆ Apple could sink Elon Musk's Twitter by yanking it from the App Store. But it would put Apple in jeopardy too.
  + stars: | 2022-11-30 | by ( Paayal Zaveri | ) www.businessinsider.com   time to read: +6 min
Elon Musk is claiming that Apple threatened to remove Twitter from its App Store. While Apple could find a reason to take Twitter off the App Store, it likely will not, experts said. Experts say Apple could find a reason to take Twitter off the App Store, and doing so would devastate the company. That could be a basis for Apple to remove Twitter from the App Store, Carolina Milanesi, an analyst with Creative Strategies said. Even then, Apple still likely won't remove Twitter from its App Store, because picking a fight with Elon would exacerbate antitrust criticism of Apple.
☆ The cooldown in home prices was a 'once-in-40-years' move, worse than the 2008 crisis that foiled algorithms, said the CEO of America's largest home-flipper
  + stars: | 2022-11-19 | by ( Jordan Pandy | ) www.businessinsider.com   time to read: +3 min
Opendoor CEO Eric Wu says the company's algorithm didn't predict housing market shifting so quickly. The quick market shifts rivaled those of the housing crisis of 2008, he said. Opendoor's forecast did factor in higher interest rates, according to Wu, but not for home price appreciation to shift alongside it. "We were pricing in the interest rate movements" but didn't also account for the dramatic shift in home prices, he said. According to Wu, Opendoor tested previous market conditions, but the speed of the most-recent shift was far greater than previous shifts — including the 2008 financial crisis.
☆ Elon Musk is threatening to 'thermonuclear name and shame' advertisers that press pause on Twitter. It's a dumb thing to do to your biggest customers.
  + stars: | 2022-11-07 | by ( Jake Swearingen | ) www.businessinsider.com   time to read: +8 min
After advertisers paused spending, Musk went on the offensive, tweeting that advertisers were causing a "massive drop in revenue," He continued: "Extremely messed up! Per a Standard Media Index report, total advertising spending was down by 5% year-over-year in September. Other advertising giants like YouTube and Meta reported year-over-year declines in advertising revenue, with YouTube down by 2% and Meta down by 4%. Brand advertising relies highly on "brand safe" outlets where ads won't appear near objectionable content like violence, pornography, or hate speech. To replace the $40 million in lost monthly revenue, Twitter would need to sign up a little over 5 million Twitter Blue accounts paying $8 a month in its first month.
☆ Mark Zuckerberg said he missed a giant shift in social networking
  + stars: | 2022-10-13 | by ( Jonathan Vanian | ) www.cnbc.com   time to read: +2 min
Meta CEO Mark Zuckerberg failed to anticipate a newer trend in social networking that contributed to the success of rival TikTok. In an interview published Wednesday in analyst Ben Thompson's Statechery newsletter, the Facebook founder said he "sort of missed" a newer way that people "interact with discovered content" via social networking services. People are increasingly using their social networking "feeds" to discover compelling content as opposed to viewing the media shared by the friends that they follow, he explained. TikTok's rise has posed a significant challenge to the company, which is experiencing a decline in North American Facebook users, and a stock price that's lost more than 56% this year so far. Zuckerberg also believes it's important for Meta to develop AI that can recommend a range of content including photos and text to users besides just short videos.
☆ Mark Zuckerberg defended the $1,500 price tag for Meta's new VR headset as 'break-even', adding that Apple charges 'as much as it can' for hardware
  + stars: | 2022-10-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +2 min
Mark Zuckerberg said Apple charges "as much as it can" for hardware in an interview with Stratechery's Ben Thompson. He's said his VR headsets are priced at the break-even point, or even a loss, for Meta. Zuckerberg has been in "deep, philosophical competition" with Apple since he announced his bid for the metaverse last year. "It's typically people build hardware and they try to make a profit off of it, where if you're Apple, you build hardware and you charge as much as you can for it," Zuckerberg said. Zuckerberg said that's Meta's newest VR headset, Quest Pro, is priced at just $1,500.
☆ Mark Zuckerberg believes we could have hologram meetings in the next 5 years
  + stars: | 2022-10-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +2 min
Meta CEO said hologram meetings might be a reality in 5 years in an interview with Stratechery's Ben Thompson. Zuckerberg said he wants to build more interactive experiences in the metaverse. Zuckerberg hopes these experiences will foster human connection in the workplace. In the interview, Zuckerberg said meetings "are human connection" and will become important in virtual and augmented reality. Ultimately, Zuckerberg said that human connection sits at the core of what he's been building for the past several years.
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