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- 🥽 Meta's VR Game Subscription, 🤖 Snowflake in 2x AI Partnerships, 💬 House Restricts ChatGPT Use
🥽 Meta's VR Game Subscription, 🤖 Snowflake in 2x AI Partnerships, 💬 House Restricts ChatGPT Use
Meta debuts Meta Quest+, a subscription service offering users access to two curated VR games monthly for $7.99 per month or $59.99 annually.
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Hello! Here is today’s top headlines:
Meta Launches VR Game Subscription
Snowflake in 2x AI Partnerships
Netflix Nixes Basic Plan in Canada
House Restricts ChatGPT Use
Top Execs Exit Stability
and more...
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🌐 Big Tech
The US Supreme Court denied the revival of a lawsuit against Google, lodged by Genius Media, which accused the tech giant of plagiarizing millions of song lyrics.
Meta debuts Meta Quest+, a subscription service offering users access to two curated VR games monthly for $7.99 per month or $59.99 annually. The service aims to lessen browsing, increase playing time, and streamline the user's game selection process. It's currently available on Quest 2 and Quest Pro, and will be compatible with the forthcoming Quest 3.
Amazon Web Services (AWS) plans to invest approximately $7.8 billion by the end of 2029 in its data center operations in central Ohio, fortifying the state's position as a Midwest technology hub. AWS, responsible for the second-largest private sector investment in Ohio, plans to enhance workforce development and educational programs. This investment is expected to create 230 direct jobs and an estimated 1,000 support jobs.
🏭 Sector Titans
Netflix has quietly discontinued its Basic subscription tier in Canada, only affecting new or rejoining members. Existing subscribers can retain the Basic plan until they decide to change or cancel their account. While there's no indication of a similar move in other countries, it's worth noting that Netflix has used Canada as a test market before.
Thomson Reuters is purchasing AI-focused legal tech firm, Casetext for a cash deal worth $650M, with closure expected in H2 2023.
🤖 AI & Emerging Tech
Snowflake's shares increased by over 2% following the announcement of an expanded partnership with Microsoft to focus on large-scale generative AI models. The enhanced collaboration will drive product integrations in Azure OpenAI and Azure ML, aiming to help customers leverage the latest AI models, thereby boosting developer productivity.
Cloud data firm Snowflake is collaborating with Nvidia to allow customers across various sectors to create AI models using their proprietary data. The collaboration includes embedding Nvidia's NeMo platform for training and deploying AI models into the Snowflake Data Cloud.
As AI continues to permeate society, a recent survey reveals a widespread uncertainty. Despite many respondents using AI for creative experimentation, concerns about job losses, privacy issues, and misuse by corporations and governments loom large. While nearly three-quarters anticipate AI to have a significant societal impact, sentiment leans slightly towards anxiety over excitement.
Databricks acquires MosaicML, a generative AI startup, for around $1.3 billion, aiming to let businesses build cost-effective, personalized language models.
New rules in the House limit congressional offices to using ChatGPT Plus, the paid version, due to its enhanced privacy features. Use of any non-ChatGPT chatbots is currently unauthorized.
Key executives, including the Head of Research, have left the AI startup, Stability AI. CEO cites restructuring and scaling as key reasons.
💡Insights & Analysis
OpenAI's atypical compensation strategy involves Profit Participation Units (PPUs), alongside regular salaries. These PPUs grant employees a share of profits, vesting over four years, without requiring purchase like standard options. However, uncertainties persist due to the non-disclosure of the total number of PPUs and an unknown cadence of tender offers for PPUs sale.
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