Good morning! This is your daily ☕️ Techpresso.
In today's Techpresso:
📈 Amazon hits $2 trillion market valuation for the first time
💥 SpaceX will help to crash the International Space Station
🎵 YouTube wants to pay record labels to use their songs for AI training
🛍️ Amazon plans discount store to counter Shein and Temu
🎨 Figma unveils AI-powered design tools, challenges Adobe’s dominance
🗣️ Character.AI introduces AI avatar calls
🎁 + 8 other news you might like
🔮 + 2 handpicked research papers and tools
📈 Amazon hits $2 trillion market valuation for the first timeLINK
Amazon's market cap has surpassed $2 trillion for the first time, positioning it as the fifth most valuable company globally, following the lead of tech giants like Microsoft.
Growth in Amazon’s share prices, driven by its AWS cloud computing division and AI technology support, increased 3.9% to $193.61, contributing to its historic market valuation.
Amazon's AWS division generated $25 billion in revenue last quarter, boosting the company's overall market position despite intense competition from companies like Nvidia and Microsoft.
💥 SpaceX will help to crash the International Space StationLINK
SpaceX has been selected by NASA to deorbit the International Space Station after it is retired in 2030 for $843 million.
The mission will involve SpaceX developing a powerful vehicle to pull the ISS out of its orbit and ensure it avoids populated areas during the process.
NASA aims to transition to smaller, privately owned space stations in Low Earth Orbit as the ISS reaches the end of its operational life.
🎵 YouTube wants to pay record labels to use their songs for AI trainingLINK
YouTube is reportedly negotiating with major music labels like Sony Music Entertainment, Universal Music Group, and Warner Records to pay for licensing their songs for AI training.
Despite these negotiations, the ultimate decision to allow the use of songs for AI training will likely fall to individual artists rather than the labels themselves.
In April 2023, more than 200 artists voiced their opposition to AI using their work, emphasizing the potential threat to creators' rights and the music ecosystem.
🛍️ Amazon plans discount store to counter Shein and TemuLINK
Amazon plans to counter its Chinese competitors, Temu and Shein, by launching a discount section on its website for unbranded items shipped directly from China to the US.
This new marketplace, set to start accepting products this fall, aims to entice cost-conscious American consumers who are increasingly looking for lower-priced goods.
Amazon's decision aligns with its long-standing strategy of competitive pricing, leveraging its vast resources to potentially withstand price wars that could challenge smaller rivals.
🎨 Figma unveils AI-powered design tools, challenges Adobe’s dominanceLINK
Figma has launched AI-powered design features to speed up workflows and aid teams in creating superior software, positioning it as a product development platform to compete with Adobe.
The new Figma AI features include design creation with text prompts, visual search capabilities, layer renaming, and automating repetitive tasks, and are currently available in a limited beta.
While beta access to Figma AI is free, later availability will require subscriptions to specific plans, and admins must enable AI features, differentiating Figma's approach from Adobe's controversial AI terms.
🗣️ Character.AI introduces AI avatar callsLINK
Character.AI announced that users can now make calls to AI characters, supporting multiple languages including English, Spanish, Portuguese, Russian, Korean, Japanese, and Chinese.
The company reported that during testing, over 3 million users made 20 million calls, and noted that AI character calls can help with language practice, mock interviews, or role-playing games.
With a button tap, users can start calls with AI characters, seamlessly switch between calling and texting, and use a "Tap to interrupt" feature to stop the AI from talking.
Other news you might like
OpenAI signs multi-year content deal with Time magazine.LINK
Google Translate has learned 110 new languages with the help of AI.LINK
Hugging Face’s updated leaderboard shakes up the AI evaluation game.LINK
Sam Altman says GPT-5 could be a "significant leap forward," but there's still "a lot of work to do".LINK
South Korean telco deliberately infected thousands of users with malware.LINK
Apple stresses device longevity, extends self-service repair to Europe.LINK
Elon Musk's Neuralink implant enhances gaming skills of first patient.LINK
An AI-designed horse purse is tearing apart this small but passionate community.LINK
Latest research and tools
Corcel: enables Laravel or any PHP application to retrieve data directly from a WordPress database, utilizing Eloquent ORM for interaction, simplifying the use of WordPress as a data backend.LINK
The origins of ELIZA, the first chatbot: this paper discusses how ELIZA was developed as an early example of natural language processing and paved the way for future chatbot technology.LINK
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