😑 OpenAI Sued Over ChatGPT Misfire

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AI & Hardware Technologies

• Comprehensive Directory of ChatGPT Plugins by Business Edge

• OpenAI Faces Defamation Lawsuit Over ChatGPT's False Accusations

• Potential ChatGPT Update Unveiled: Workspace, File Uploads, Profiles

Digital Commerce, Entertainment & Social Platforms

• Google's "Topics" Feature Expands to Desktop Search

• Reddit Uprising Over Third-Party App Charges

• Twitter to Pay Verified Creators for Ad Replies

Venture capital, Fintech & Business

• Sequoia Capital Decentralizes into Separate Entities Amid Geopolitical Tensions

• Robinhood Halts Support for Solana, Polygon, Cardano

🤖 AI & 🖥️ Hardware Technologies

Comprehensive Directory of ChatGPT Plugins by Business Edge

Business Edge has launched a directory of 213 ChatGPT Plugins, categorized and complete with descriptions, demonstrations, and example prompts.

Read more at ---> (4-minute read)

OpenAI Faces Defamation Lawsuit Over ChatGPT's False Accusations

OpenAI is facing a defamation lawsuit after its language model, ChatGPT, falsely accused a radio host, Mark Walters, of embezzling funds from a non-profit. The accusation was made while providing information to a third-party journalist. This lawsuit raises questions about the legal liability of AI systems in generating false or defamatory information.

Read more at ---> (8-minute read)

Insight: This lawsuit marks a significant shift, moving the conversation from the ethical to legal responsibilities of AI systems. We believe this case could shape future legislation and business models, highlighting the risks and responsibilities in managing AI-generated content, particularly on a global scale.

Potential ChatGPT Update Unveiled: Workspace, File Uploads, Profiles

Reddit user "kocham_psy" reveals possible new features in a leaked screenshot of ChatGPT's source code, including workspace, profile customization, and file uploads. This may indicate the forthcoming business version.

Read more at ---> (5-minute read)

Meta Introduces MusicGen, Text-Prompted AI Music Model

Meta has launched MusicGen, an open-source AI model capable of generating short music pieces from text prompts, optionally aligned to an existing melody.

Read more at ---> (1-minute read)

Tesla's Potential 'AWS Moment' with Supercharger Network and Tech Sharing

Tesla is set for a potential 'AWS moment' as Elon Musk encourages competitors to utilize Tesla's Supercharger network and technology, predicts Wedbush Securities analyst, Dan Ives.

Read more at ---> (5-minute read)

Microsoft Relocates Top AI Talent from China to New Canadian Lab

In response to increased geopolitical tensions and a risk of local talent poaching, Microsoft plans to move a portion of its top AI experts from Beijing, China, to a new research lab in Vancouver, Canada, potentially affecting 20-40 staff members.

Read more at ---> (6-minute read)

Insight: This shift has industry-wide implications, reflecting global tech companies' adaptations to geopolitical strains and the growing global competition for AI talent. By repositioning, Microsoft is bolstering its international innovation capabilities.

🛍️ Digital Commerce, 🎮 Entertainment & 💬 Social Platforms

Google's "Topics" Feature Expands to Desktop Search

Google has redesigned its desktop search interface to include a list of related "topics" for refining searches, following its initial rollout on mobile. The feature was first implemented for English searches in the U.S. and is gradually rolling out internationally.

Read more at ---> (3-minute read)

Reddit Uprising Over Third-Party App Charges

Over 3,000 subreddits plan to go "private" in protest of Reddit's decision to monetize data access, effectively threatening popular third-party apps like Apollo.

Read more at ---> (2-minute read)

Microsoft's Acquisition of Activision Blizzard Nearing Completion

Xbox Head, Phil Spencer, provides an update on Microsoft's Activision Blizzard acquisition, emphasizing the commitment despite challenges and citing progress with approvals from 40 countries. The focus is now on remaining two countries for final consent.

Read more at ---> (3-minute read)

Twitter to Pay Verified Creators for Ad Replies

Elon Musk reveals Twitter's plan to pay verified users for ads served in their replies, a move to boost dwindling ad revenues and transform the platform into a "super app".

Read more at ---> (5-minute read)

Insight: This move impacts the industry-wide approach to social media monetization. By monetizing replies, Twitter is exploring new avenues for user-generated revenue, encouraging more active and monetizable participation.

Amazon Dominates eCommerce, Walmart Gaining Ground

Amazon continues to lead US eCommerce with a 48% retail share, while Walmart's digital growth strategy boosts its share from 5.7% to 6.7%.

Read more at ---> (6-minute read)

LinkedIn Envisions Future of Hiring Based on Skills, Not Degrees

LinkedIn predicts a future where skills, not degrees, drive hiring decisions. With its skills-matching feature and AI integration, the site aims to bring this change. Data indicates over 80% of employers want to hire based on skills, but most opt for degree holders as a safer option.

Read more at ---> (7-minute read)

💰 Venture capital, 💳 Fintech & 🏢 Business

Sequoia Capital Decentralizes into Separate Entities Amid Geopolitical Tensions

Sequoia Capital is splitting its units across the US and Europe, China, and India into three independent entities due to increasing complexities of running a global investment business amidst rising geopolitical tensions. This shift is expected to complete by March 2024, with the three firms operating independently under different names and management.

Read more at ---> (7-minute read)

Insight: This restructuring in Sequoia, a leading VC firm, can potentially impact global tech investment dynamics. Tech entrepreneurs and investors should consider how this decentralization might affect funding opportunities and cross-border collaborations.

HSBC Rebrands SVB UK as Innovation Banking Unit

HSBC has launched HSBC Innovation Banking, rebranding and expanding its recently acquired SVB UK to provide banking services for startups, investors, and the tech sector. The newly formed division extends to teams in the U.S., Israel, and Hong Kong.

Read more at ---> (6-minute read)

Robinhood Halts Support for Solana, Polygon, Cardano

In response to the SEC's scrutiny of cryptocurrency exchanges, Robinhood will cease support for Solana, Polygon, and Cardano cryptocurrencies after June 27, 2023.

Read more at ---> (2-minute read)