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💬 Only 18% of Americans Use ChatGPT, Study Reveals

Today: Amazon Hikes Free Shipping Minimum | Only 18% Use ChatGPT | X Faces 2,200 Arbitrations

Hey there!

It's Wednesday, August 30, and guess what's stealing the limelight? AI! We have a ton of exciting news from Google to share with you today. Check out these top headlines:

  • Amazon Hikes Free Shipping Minimum to $35 for Non-Prime Shoppers

  • Apple Secures 100% of TSMC's 3nm Chips for 2023: What's at Stake?

  • Musk's X Faces 2,200 Arbitrations

  • Only 18% of Americans Use ChatGPT, Study Reveals

  • Google and NVIDIA Forge New AI Frontier: What's Next?

  • Google's Duet AI Invades Workspace Apps at $30/Month

  • and more...

READ TIME: 5.8 MINUTES

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Tech Companies

Amazon has increased the free shipping minimum for non-Prime members to $35 in select markets, up from the previous $25 threshold. Prime members remain unaffected.

💡 Why does this matter?

This move comes as Amazon aims to cut costs amid slowing sales and an uncertain economic landscape. The change could incentivize more customers to opt for a Prime membership, which generated about $9.9 billion in revenue last year. It also aligns Amazon's policy with Walmart's existing $35 minimum for non-loyalty members, potentially leveling the playing field in e-commerce.

K.L - Business Edge

Apple will monopolize TSMC's entire first-generation 3nm chip supply for 2023, affecting upcoming iPhones, Macs, and iPads. The move comes amid Intel's delays in wafer needs.

💡 Why does this matter?

Apple's exclusive deal with TSMC could give it a significant edge in performance and power efficiency for its next-gen devices. This could affect competitors relying on TSMC, like Intel, and potentially reshape the semiconductor landscape. The 3nm chips are expected to deliver a 35% power efficiency improvement and 15% faster performance, making Apple's upcoming devices highly anticipated.

K.L - Business Edge

Elon Musk's social media company, formerly known as Twitter, is grappling with over 2,200 arbitration cases from former employees. The company could incur at least $3.5 million in arbitration fees alone.

After implementing new password-sharing restrictions, Netflix saw a 3% decline in Australian subscribers, marking its first user drop in the country since 2015.

💡 Why does this matter?

The decline in Australian subscribers could serve as a cautionary tale for Netflix and other streaming services considering similar measures. While the strategy boosted numbers in the U.S., it appears to have the opposite effect in different markets, potentially affecting global growth strategies.

K.L - Business Edge

AI Corner

A recent Pew Research survey shows that despite its tech buzz, only 18% of Americans have ever used ChatGPT. The majority use it for entertainment or learning rather than work.

💡 Why does this matter?

The limited adoption of ChatGPT, especially for work-related tasks, highlights a gap between tech hype and real-world usage. This could influence future development and marketing strategies for AI tools, particularly in the software engineering, journalism, and graphic design sectors.

K.L - Business Edge

Google Cloud and NVIDIA have expanded their partnership to advance AI computing, software, and services. The collaboration aims to provide end-to-end machine learning services and make it easier to run AI supercomputers on Google Cloud. New integrations include Google's PaxML framework optimized for NVIDIA's accelerated computing and serverless Spark integration through Google's Dataproc service.

💡 Why does this matter?

This partnership signifies a major leap in AI capabilities and infrastructure. Companies in AI and data science should pay attention as this collaboration could offer more efficient and cost-effective solutions for developing large language models and data science workloads.

K.L - Business Edge

Google DeepMind introduces SynthID, a watermarking tool for AI-generated images. The watermark is undetectable to humans but can be identified by AI, aiming to mitigate the deepfake problem.

Google announces updates to its Vertex AI platform, including enhanced language support and longer token length for its PaLM 2 large language model. New extensions also provide search and chatbot capabilities to enterprise users.

💡 Why does this matter?

These updates make AI more accessible and functional for enterprises, potentially revolutionizing use cases from code generation to customer service. Including third-party models like Meta's Llama 2 also broadens the platform's versatility.

K.L - Business Edge

Apps & Gadgets

Google Chrome has introduced a sidebar feature that allows users to run extensions like ChatGPT alongside their main browsing window. The sidebar remains open when navigating between tabs and can be customized to appear on specific websites. It aims to enhance user productivity by providing quick access to essential tools.

Google is rolling out its Duet AI assistant across all Workspace apps, including Gmail, Drive, and Docs. The service costs $30 per user per month and offers a range of features from email drafting to automated meeting summaries.

💡 Why does this matter?

The integration of Duet AI into Google Workspace apps signifies Google's aggressive move to monetize AI capabilities in the enterprise software space. This could affect user experience and pricing strategies, posing a direct challenge to Microsoft's Copilot.

K.L - Business Edge

Quick Links

Meta has dismantled a large disinformation network linked to Chinese law enforcement, removing over 7,700 accounts and 930 pages. The campaign focused on spreading positive posts about China and negative information about the U.S.

Microsoft's President Brad Smith emphasizes the need for human control over AI to prevent its weaponization. He advocates for new laws and regulations to ensure safety measures are in place.

A new law taking effect next week will make tens of thousands of Airbnb listings in NYC illegal. The law imposes strict regulations, limiting options for travelers and affecting revenue for hosts.

Apollo.io has secured $100 million in funding, led by Bain Capital Ventures, reaching a $1.6 billion valuation. The sales tech platform boasts over 500,000 companies and millions of users.

Swedish payments firm Trustly acquires French platform SlimPay for €70 million to expand into recurring payments across Europe.

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