Microsoft made a big bet with ChatGPT. Months later, it’s already paying off.
It's Thursday, buds. I'm Diamond Naga Siu, and I've tried really hard to avoid Beef spoilers. But now that Netflix has finally started cracking down on password sharing (plus, the David Choe controversy), I don't know if I'll ever get around to watching it.
People are canceling their subscriptions in droves. And similar to my fellow Gen Zers (and millennials, I guess), streaming subscriptions just aren't a priority for us amid inflation.
Before I go Netflix and chill one last time, let's dive into today's tech.
1. Microsoft bet billions on OpenAI — its gamble is already paying off. The Bing/ChatGPT partnership positioned it as Google's first viable search competitor in years. Microsoft's early investment has made it a leader within the bursting generative AI space.
- Amid a turbulent time in tech, Microsoft's stock soared after its quarterly earnings call (during which it mentioned artificial intelligence 50 times). This really put a spotlight on the money-making opportunities ahead with AI.
- Some analysts said Microsoft's successful integration of AI signals that it has already pulled ahead of Google. They even projected that Microsoft's cloud service Azure could be on track to surpass long-dominant Amazon Web Services.
- My teammate Paayal Zaveri highlights how Microsoft's AI wager has made it a surprising leader in tech's hottest field.
In other news:
2. This entrepreneur made millions from selling coffee grinders on Amazon. Robert Gomez started in mid-2019. He hit $2 million by the end of 2020, and in 2022 alone, he sold $4 million worth of products. Here's how he did it (plus, some advice for other sellers).
3. The 25 highest paying internships. Many companies invest good money into their internship programs. Some of the top companies like Roblox and Stripe pay more than $9,000 per month. Get the full list of companies and their monthly rates here.
4. How to identify the 12 stages of burnout. Excessive ambition. Neglecting your needs. Working harder. Withdrawing. Burnout looks like many things. Here's how to identify it so that you can prevent your burnout from getting out of control.
5. Leaked CEO email reveals Amazon Web Services layoffs. The cloud division started cutting employees as part of Amazon's plan to slash 9,000 jobs. My colleague Ashley Stewart obtained Adam Selipsky's internal email announcement. Read it in full here.
6. Spotify CEO Daniel Ek says AI music is a 'legitimate' concern. This past month, multiple AI-generated songs — that legitimately sound like they're from popular artists — went viral. Ek said he's working with partners to protect artists. More on the music mayhem here.
7. 'I do TikTok to rip people off.' TikTok is rife with scammers, according to a new FT report. They peddle fake products and benefit from the platform's lax content moderation policies. Dive into the scammers' paradise here.
8. Electric vehicle adoption is hampered by lack of public chargers. A new study found that there are barely three public EV chargers for every 10,000 people. Plus, most of them are in wealthy US counties. More on the charging station setback here.
Odds and ends:
9. Behind the scenes of the world's only residential cruise ship in operation. It's sailed around the globe for the past 20 years and only has 165 condos. Around 10-12 of them go on sale every year, ranging from $2-15 million. All aboard for a full vessel tour here.
10. Buying a house in Palm Springs (near Coachella) wasn't as profitable as these twins thought. The area's short-term rental rules have stunted their earnings. Here's the breakdown of why buying in Palm Springs isn't worth it — unless you plan to use it yourself.
What we're watching today:
- Quarterly earnings for Amazon, Snap, Intel, Pinterest, Samsung, and other companies. Keep up with earnings here.
- Happy birthday, Lizzo! Turn up the music, let's celebrate.
Curated by Diamond Naga Siu in San Diego. (Feedback or tips? Email email@example.com or tweet @diamondnagasiu) Edited by Shona Ghosh (tweet @shonaghosh) and Hallam Bullock (tweet @hallam_bullock) in London.
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