Hey everybody, welcome back to the Elon Musk podcast. This is a show where we discuss the critical crossroads, the shape, SpaceX, Tesla X, The Boring Company and Neuralink. I'm your host, Will Walden. So Elon Musk's X, formerly Twitter, of course, is set to undergo a significant redesign. They're going to be removing traditional interaction and engagement buttons from users feeds. It'll eliminate. The retweet. Button and also the repost button, same thing.
The like button, reply buttons. And that's all going to be removed from individual posts on your timeline, so users will no longer see repost, like and reply counts on each post. Instead, interactions will be handled differently, with users needing to swipe left or right on a post to like a reply.
And for those using X on iOSA, forced touch on a post will open a menu with more options, and the only visible metric remaining on the post in the timeline will be the view count, which has been relocated to the upper right corner of each post. The redesign was first identified by Aaron Paris, who is a researcher for Mac Rumors is later confirmed by Elon Musk. Now, the majority of user feedback so far of this change
has been fairly negative. Many users have expressed dissatisfaction with the removal of the familiar buttons, finding the proposed swipe gestures kind of less intuitive. Then, in response to a user criticizing the change, Elon Musk defended the redesign, stating it's awesome, just swipe left to like and right to reply. And despite Musk's enthusiasm, the general reception remains kind of skeptical.
The planned redesign represents a substantial shift in how users interact with content on X, and by eliminating traditional engagement buttons, X aims to streamlines the interface, though it risks alienating users accustomed to the current layout. Now. The change could also impact the way users perceive engagement on their posts, with removal of visible like and repost counts potentially affecting the overall user experience.
View counts will be the sole metric displayed, shifting the focus to how many people have seen a post rather than how many have interacted with it. Now. For users, the new interaction methods may require a little period of adjustment. Sweeping left or right to interact with posts is a departure from the more straightforward tapping of the buttons. This could lead to a sort of the slight learning curve as users
adapt to the new system. And people will complain about it and say they're going to be leaving X and they'll probably stick around like normal as something changes like this. When there's an interface change for any big social media platform, there's always an outcry and XS decision to move away from the visible engagement. Metrics like likes and replies may also influence how content is shared and consumed on the platform.
Without the immediate feedback of likes and reposts, users might approach posting differently, potentially altering the platform's dynamics. Now, this redesign aligns with a broader trend in social media towards more simplified and streamlined interfaces. However, remains to be seen whether this specific change will be embraced by XS user base or if it will drive users to
seek alternative platforms. The removal of engagement buttons and counts could also impact content creators who rely on these metrics to gain the popularity and reach of their posts. For influencers and businesses, this change might necessitate new strategies for measuring engagement and success on the platform.
And as X prepares to roll out these changes, the developers will likely need to monitor user feedback closely and be prepared to make further adjustments based on how the new interaction methods are received. The shift to swipe based interactions could also pose challenges for accessibility. Users with motor impairments or those who use assistive technology is might find the new gestures more difficult to
perform. Raising concerns about inclusivity And the redesign of X is part of a broader effort to innovate and differentiate itself in social media. And by experimenting with new ways of interacting with content, X aims to stay relevant and appealing to users. Though this comes with the risk of alienating the current user base on X. And the reaction to the plan changes shows the challenges of social media platforms when they make significant alterations to user interfaces.
They have to balance innovation with user satisfaction, and it's a difficult task. The success of such changes often hinges on how well they're communicated and implemented. But for now, users will need to prepare for a new way of engaging with Posen X. Whether this will lead to a more streamlined and enjoyable user experience or a decline in user engagement, it all remains to be seen.
Also, we haven't seen a desktop version of X with a new interface yet, because there's really no way to swipe left or right on A. Desktop except for with your. Mouse, I guess so. This is only going to be mobile and Elon Musk is very confident about the redesign. He's committed to it and he's going to see it through despite the initial negative feedback. The long term impact of these changes on user behavior and platform dynamics will be an important area to watch in the future.
It's a notable departure from traditional social media interaction methods, and by removing all of these buttons in introducing swiping, X aims to create a more. Streamlined experience Elon Musk has issued a warning to Bill Gates and has threatened the Microsoft Co founder with severe financial consequences if he continues betting against Tesla. Now, Musk foresees a dramatic transformation for Tesla, envisioning the carmaker becoming a colossal entity
valued at $30 trillion. This forecast hinges on Tesla's successful shift from primarily selling electric vehicles to managing a profitable fleet of robo taxis and humanoid robots.
Musk's ominous message to Gates was shared on social media, where he stated once Tesla fully solves autonomy and has Optimus in volume production, anyone still holding a short position will be obliterated, even Gates. The animosity between the two billionaires became public in 2022 when text messages revealed Musk's refusal to support Gates's charitable efforts. Due to Gates's significant short position against Tesla now, Musk expressed his disapproval in a message saying.
Sorry, but I cannot take your philanthropy on climate change seriously when you have a massive short position against Tesla, the company doing the most to solve climate change. By then, Gates had already begun regretting his pessimistic stance on Tesla, though it's uncertain if he still maintains that position despite Musk's strong warning. It's a bold claim considering Tesla's recent struggles.
The company's vehicle sales have declined by 6.6% in the first half of the year, and the highly anticipated Cybertruck has not met expectations. Now, Tesla has abandoned its ambitious target of increasing volumes from 1.8 million E VS last year to 20 million by 2030. Nonetheless, Musk remains undeterred by adversity. He has previously outlasted other notable Tesla shorts like David Einhorn and Jim Chanos, known for profiting from the collapses of Lehman Brothers and
Enron, respectively. Since April, Musk has been working to stabilize Tesla's stock, beginning with hints of a new Cyber Cab Robo taxi model, suggesting he might finally achieve full autonomy. Additionally, Musk announced that 2025 could see a resurgence in EV sales with the introduction of new low cost models, potentially marking a
turn around for the stock. Concerns that Musk might resign from Tesla over the loss of his 2018 compensation deal, valued at $70 billion at the current stock price, were largely dispelled when Vanguard and other significant investors expressed their support for him last month. On Tuesday, Tesla reported it had avoided a steeper decline in Q2 vehicle sales by selling off excess inventory.
By reducing EV production to its lowest level since Q 3/20/22, Tesla redirected surplus battery cells to its stationary energy storage business, more than doubling its Q1 volume to an unprecedented 9.4 GW hours deployed. This move has added $100 billion to Tesla's market capitalization over the past two days, currently trading at 70 times
next year's earnings. Tesla's valuation is high even for a growth stock, especially one expected to see declines in revenue and earnings in 2024. However, investors confident in Musk's vision for robot butlers might view the current market cap of $740 billion as a minor issue. Musk envisions widespread adoption of robots, aiming for one in every business and home, ultimately reaching a production rate of 1 billion droids per year.
Musk plans to sell these Optimus robots at $20,000 each, despite production costs being only $10,000, ensuring a 50% profit margin per unit. This would result in annual profits of $1 trillion, translating to a market cap of $25 trillion. With a standard earnings multiple of 25, adding $5 trillion for the future Robo taxi fleet, Musk believes this presents a substantial value for current investors. Critics argue that Musk's projections are overly optimistic.
For instance, the market demand for such robots might not parallel the demand for smartphones, which are significantly cheaper cars. A more comparable product C annual sales of about 100 million units. Due to their higher price points, Chanos and others contend that Musk's estimates imply a market cap approaching 1/3 of the world's total annual economic output, a highly
improbable scenario. Musk's previous prediction of reaching 20 million EV sales by 20-30, which would surpass the combined output of the two largest carmakers globally, was based on replacing 1% of the two billion cars currently on the road each year. This ambitious target was quietly dropped well before the 20-30 deadline, highlighting the need for Musk to produce more realistic projections moving
forward. In the meantime, Tesla's shares surged by 10% on Tuesday, following better than expected Q2 delivery numbers. The company delivered 404 Three Sound 956 vehicles and produced 410,831 in Q2 2024, surpassing analysts expectations of 439,000 deliveries. Despite a 4.8% year over year decline in deliveries, this represented a 14.8% increase from Q1.
Tesla groups its deliveries into two categories, Model 3 and Model Y vehicles and all other vehicles, but does not report numbers for specific models or regions. Earlier this year, Tesla reported an 8.5% drop in Q1 deliveries, marking the 1st annual decline since 2020. This was followed by a 13%. Year over year. Revenue decrease for the quarter, mainly due to lower
average selling prices. Now. The decline was partly due to temporary factory shutdowns in response to an alleged arson attack at Tesla's German factory and shipping delays from Red Sea conflicts. Additionally, Tesla's aging vehicle lineup and increasing competition, particularly from Chinese EV makers, have impacted sales. A recent survey attributed part of Tesla's brand erosion to CEO Musk's public behavior and
political statements. To boost sales, Tesla has offered various incentives and discounts throughout the year. In China, Tesla is offering zero interest loans to encourage purchases of the Model 3 and Model Y by the end of July. Tesla generated approximately $21.00 and $75 billion from China in 2023, accounting for 22.5% of its total sales.
However, Wells Fargo analyst Colin Langan advised selling Tesla shares, citing declining delivery growth driven by lower demand and diminished return on price cuts. Now, Wells Fargo anticipates a decrease in Tesla's automotive gross margins, excluding environmental credits, due to more price cuts and lower volumes.
Investors are now focusing on Tesla's Q2 earnings report later this month and a marketing event in August, where the company plans to unveil its design for a dedicated robotaxi or cyber cab. While Tesla continues to explore new technologies and markets, it faces stiff competition, especially in battery production. LG Energy Solution aims to commercialize a new dry coating technology by 2028, which could significantly reduce production costs.
This innovation could position LG as a strong competitor to Chinese battery manufacturers and potentially challenge Tesla's market position. Tesla's stock surged over 6% on Monday morning, extended gains that have driven the electric vehicle manufacturer shares up by about 19% in the last month now. The reasons? Behind Tesla's continuing stock climb are multifaceted, with one notable speculation. Linking.
The increase to Elon Musk's recent decision to follow Uber founder on social media clinic, who left Uber in 2017, is known for his role in developing a successful ride sharing platform which aligns with Tesla's long. Term ambitions. For its Robo Taxi platform. Now, Tesla plans to unveil its Robo Taxi on August 8th of 2024, and Musk's connection to Colonic has sparked theories that Tesla might benefit from the insights or involvement with the platform, although this remains
very speculative. Now, beyond this, other factors are contributing to Tesla stock gains. Notably, the Chinese electric vehicle market has shown substantial year over year growth, bolstering investor confidence in Tesla's performance. Chinese EV manufacturer BYD, which often matches Tesla's delivery figures, reported 426,000 deliveries in the second quarter. Now, this has led to speculation that Tesla's Q2 delivery numbers might be similar.
Our analysts are divided on Tesla's quarterly performance. While some expect a decrease from quarter 2/20/23, others anticipate an increase from quarter 1/20/24, reflecting mixed settlement on Wall Street. And the consensus among analysts is that Tesla's Q2 deliveries will reach around 438,019 vehicles. Now this figure falls short of the 1,000,000 vehicles some had hoped for in the first half of
the year. And Tesla's growth trajectory is poised between its current production capabilities and the potential of its next generation platform and robotaxi, which could drive future growth. The company's ability to meet its projected timelines for these initiatives is very crucial as delays have been a challenge for Tesla in the past.
And also in related news, Elon Musk has been promoting the development of AI chatbot Grok, which is expected to train on a significant number of NVIDIA each 100 GPUs. And Musk announced that Grok 3 would be something special after training on 100,000 NVIDIA each 100 GPUs, each value between 30,000 and $40,000. While it's unclear how many of these GPUs were purchased outright by Musk's companies, there are possibilities of renting GPU compute from cloud
service providers. Reports indicate the Musk's XAI startup was negotiating with Oracle to spend $10 billion over multiple years on cloud servers, adding to the complexity of the
GPU strategy. And Musk's companies have a history of acquiring NVIDIA H1 hundreds, with Tesla reportedly diverting $500 million shipment of these chips to X, formerly known as Twitter. Now, the training of Grok 3 on 100,000 GPUs is a significant increase from the 20,000 GPUs used for Grok 2. And that's the scale of XAI.
Grok One and Grok 1.5 have been released, with Grok 2 expected in August, followed by Grok 3 by the end of the year, according to Musk. And the intense competition of AI talent is evident as companies like Meta are also heavily invested in NVIDIA 100 GPUs now. Meta plans to purchase around 35 or 350,000 H 100 GPUs by the end of 2024, indicating fierce rivalry in the AI development
territory. And the high demand for H100 GPUs has led to aggressive recruiting tactics as illustrated by EI Started Perplexity CEO who noted the challenge of hiring top talent from Meta and also another development, Elon Musk praised NVIDIA CEO Jensen Wong for their leadership style and his hands on approach of engagement with
employees. And Huang Co founded NVIDIA at a Denny's restaurant in San Jose in 1993 and has guided the company to its current status as a leading AI chip manufacturer. And their personal story from dishwasher to CEO reflects his commitment to hard work and his philosophy that no task is beneath him, as highlighted in his recent interviews.
Now, Nvidia's impressive performance with year to date return of about 151% places it at the forefront of the magnificent 7A group of influential tech companies. And the stockpiling of AI chips in the competition to secure top AI talent is high stakes right now. AI development race is happening and Tesla and Meta are pushing the boundaries of that technology.
The United States Department of Justice is preparing to charge Boeing with fraud, giving the aerospace giant a choice between pleading guilty or facing a trial. The decision must be made by the end of the week, according to sources familiar with the situation. The DOJ has also indicated that Boeing would need to pay a fine and hire a corporate monitor if it chooses to plead guilty.
The DOJ informed families of victims of two fatal 737 Max crashes and their attorneys about the impending charges during a meeting on Sunday. These crashes, involving Lion Air Flight 610 and Ethiopian Airlines Flight 302, resulted in the deaths of 346 people. The DOJ, officials from the Fraud Section and the US Attorney's Office for the Northern District of Texas attended this meeting. Both the DOJ and Boeing have declined to comment on the
situation. However, Bloomberg previously reported that Boeing has been in discussions with the department to resolve potential charges related to the crashes, which are expected to include the appointment of a corporate monitor. A guilty plea to criminal charges would mark a significant downturn for Boeing, a company historically known for its cautious and methodical
approach. Such a plea raises concerns about Boeing's ability to secure future U.S. government contracts, especially as its commercial airplane business faces significant financial challenges. The DOJ's move follows its determination that Boeing violated a 2021 deferred prosecution agreement. This agreement, made in the final days of the Trump administration, allowed Boeing to avoid criminal prosecution by meeting certain conditions, including the implementation of
an effective compliance program. However, in May, the DOJ concluded that Boeing failed to meet the requirement for an effective compliance program to prevent and detect violations of US fraud laws. Boeing has contested this finding, asserting that it has honored the terms of the
agreement. The breach announcement came after a fuselage panel blew off a Boeing jet operated by Alaska Airlines mid flight in January. Investigations revealed that the plane was missing 4 bolts meant to secure a door plug, leading to scrutiny over Boeing's manufacturing and quality control processes. The Mid Air incident has since caused significant turmoil for Boeing.
The company's shares have dropped by about a third this year, and it is expected to burn through approximately $8 billion in cash during the first half of this year due to a slowdown in production following the incident. In response to the January accident, the Federal Aviation Administration FAA imposed restrictions on the production of the 737 Max and required Boeing to submit a comprehensive plan to address the quality issues at its factories.
This incident has intensified regulatory and legislative scrutiny of Boeing. Concurrently, Boeing is undergoing a leadership transition as it searches for a new CEO to replace Dave Calhoun, who plans to step down later this year. This leadership change comes at a critical time as the company navigates these legal and
operational challenges. Under the 2021 deferred prosecution agreement, Boeing paid a $243 million criminal fine and admitted to deceiving the FAA about an important feature of the 737 Max that affected the flight control system. Boeing also committed to improving its internal safety controls and submitting regular reports to the DOJ. The recent developments, including the door plug blowout and subsequent investigations, have led the DOJ to consider revoking the deferred
prosecution agreement. This potential revocation could have serious consequences for Boeing, leading to renewed criminal charges. The DO JS offer of a plea deal includes a fine of approximately 244 million hours, three years of probation and oversight by an external monitor. Paul Cassell, an attorney representing 15 families of crash victims, has criticized the deal as a sweetheart deal that fails to hold Boeing adequately accountable.
Castle has expressed strong objections to the plea deal, stating the deal will not acknowledge in any way that Boeing's crime killed 346 people. It also appears to rest on the idea that Boeing did not harm any victim. He emphasizes that the families of the victims demand more justice than what the proposed deal offers. Boeing has until the end of the week to accept or reject the plea deal. If the plea deal is accepted, U.S.
District Judge Reed O'Connor would be unable to increase Boeing sentence or impose additional punishment for conviction, according. To Cassell. Boeing CEO Dave Calhoun faced intense questioning from from set from senators earlier this month regarding the settlement and other safety concerns during a Homeland Security subcommittee hearing. During the hearing, Calhoun apologized to the families of the crash victims, reaffirming Boeing's commitment to safety and quality.
On the day following the hearing, families of crash victims sent a letter to the DOJ urging federal prosecutors to pursue aggressive criminal prosecution against Boeing. They argue that the severity of Boeing's crime justifies a maximum fine exceeding 24 billion, although they acknowledge that some funds could be directed towards safety improvements. The DO JS current offer to Boeing has provoked anger and disappointment among the victims
families and their attorneys. Aaron Applebaum, another attorney for the families, has criticized the proposal as shameful and inadequate in recognizing the dignity of the victims. Boeing's troubles were compounded when, in January, a 737 Max 9 aircraft experienced a door blowout mid flight, creating a hole in the side of the plane and necessitating an emergency landing.
The FAA temporarily grounded Boeing and conducted an investigation that revealed significant safety and manufacturing issues at Boeing. Amid these ongoing challenges, Boeing has reportedly agreed to acquire Spirit Aero Systems, a key supplier, in a deal valued at over $4 billion. This acquisition is seen as part of Boeing's efforts to stabilize its supply chain and address production challenges.
The DO JS proposed plea deal and Boeing's response to it will be closely monitored, as it holds significant implications for the company's future operations and its relationship with federal regulators. The outcome of the situation will likely influence how Boeing navigates its ongoing legal and operational hurdles. Welcome to AI Update, where we explore the latest advancements in artificial intelligence with insights into open AI. Google, Gemini, generative AI,
machine learning, and more. Now let's learn together. I'm your host, Will Walden, the CEO of NVIDIA. Jensen Wong believes that an effective leader must be willing to put their hands in the dirt and get dirty. Now, his leadership philosophy is deeply rooted in his early experiences. He has a teenage busboy at Denny's where he performed a variety of menial tasks including washing dishes and cleaning toilets. Now Wong who is the Co founder of NVIDIA.
A company that's worth 3. Point $1 trillion. Imagine this. He's been in a Denny's booth now. Despite his current net worth of about $108 billion, Wong credits his humble beginnings for shaping his approach to leadership. In a March interview at the Stanford Graduate School of Business, he said that no task is beneath him. He reflected on his time as a dishwasher and also a toilet cleaner. And he said that these experiences instilled the sense of humility and a strong work
ethic in him. He told the students there. I mean, I cleaned a lot of toilets. I've cleaned more toilets than all of you combined. And some of them you just can't Unsee. And everybody laughed at that point. And his willingness to take on any task, regardless of how trivial, is a principle he carries into his role as the CEO. His approach to leadership involves a readiness to assist employees with any task if it contributes to the company's success.
He said. If you send me something and you want my input on it and I can be a service to you, and in my review of it, share with you how I reasoned through it, I've made a contribution to you. Which is a weird thing to say for a leader. Most leaders are considered day-to-day operate operators. They don't really mingle with the with the masses, but he's a separate kind of fellow and he's working well with his team. He's a team player there now, known for his hands on management style.
He's often described by employees as demanding and also a perfectionist. But he requests weekly updates from employees on their top five tasks and personally engages with them to provide feedback and guidance to move forward with their careers. And a New Yorker profile detailed Wong's practice of visiting employees desks to discuss their projects. It's direct engagement.
It's part of his strategy to improve company performance and help employees grow by sharing his thought processes and his reasoning. He shared at Stanford again that he finds personal fulfillment in teaching others how to approach problems strategically, he said. I show people how to reason through things all the time. Strategy things, how to forecast something, how to break a problem down. You're empowering people all over the place.
To manage his workload effectively, he aims to complete his most complex tasks early in the day. This allows him to remain available to his team throughout the day, and he shared his practice during a commencement speech at the California Institute of Technology. But unlike many CEOs who limit their direct reports to a small group, he prefers having around 50 direct reports.
He believes this structure reduces organizational layers and facilitates better communication and decision making within NVIDIA, he explained to CNBC. Now they're having more direct. Reports. Helps maintain a fluid flow of information within the company. He believes that this approach enables him to lead more effectively and support his employees success. Now at Stanford, he articulated that the CE OS role is to inspire, empower and support their employees.
He said those are the reasons why the management team exists in service of all the other people that work at the company now. Elon Musk, known for his own rigorous work ethic and hands on leadership of Tesla and SpaceX, praised him. Musk accommodation came after watching a video clip discussing his early work experiences at Denny's and he echoed the sentiment. He said absolutely the right attitude.
He recounted his efforts during the COVID-19 pandemic to ensure his factories and offices had sufficient toilet paper highlighted a shared philosophy of handling menial tasks. Personally, Musk has previously demonstrated his commitment to understanding his employees challenges by sleeping on the factory floor at Tesla, he explained in a 2018 interview.
The reason I slept on the floor was not because I couldn't go across the road and be at a hotel, it was because I wanted my circumstances to be worse than anyone else of the company. Musk's. Admiration for a while may also be tied to their intertwined business interests. With Tesla's ambitions and self driving tech secured, an Invidia's high-powered chips is critical, and Wang acknowledged Tesla's leadership in autonomous vehicles, indicating a mutual
respect. And despite their occasional disagreements, such as Musk's skepticism about the ease of creating neural networks with NVIDIA chips, both leaders share a relentless drive for progress. Now the CEO of Perplexity AI highlighted this trait, using Musk as an example of overcoming obstacles through determination and working hard to get things
done. But Huang's unconventional management style, including avoiding unnecessary one-on-one meetings, is designed to maintain agility and quick information flow within his company of NVIDIA. This approach has garnered approval from Musk and other high level CE OS, and they reflect the shared commitment to
effective leadership. Now this philosophy that no task is beneath the leader continues to guide his actions and inspire employees his ability to show that he's still connected with every level of the company and with every employee from direct. Reports to frontline workers. Exemplifies his hands on approach and his dedication to the company of NVIDIA. So TikTok is preparing to introduce a new AI chat bot named Genie to Western users based on a recent US trademark
filing. This development represents Tik Tok's effort to enhance user interaction through artificial intelligence, allowing users to post questions and receive immediate responses. And in addition, TikTok has started allowing creators to download their videos without a watermark, simplifying content repurposing across phrase platforms. Now, a report from Semaphore said that TikTok has filed a trademark for the name Genie for
its upcoming AI chatbot tool. The chat bot is expected to provide various functionalities including simulating conversations, facilitating interactions between humans and AI, and producing human like speech and text. In May in the US, the viral video app filed the trademark The Name. Genie. For an AI chat bot software that will, among other functions, simulate conversations, facilitate interaction and communication between humans and AI, and produce human like
speech and text. Now Tiktok strategy involves transforming the A into a central hub for all of its AI functionalities, with the Genie chat bot acting as a connector to different features within the A. This move aims to integrate multiple AI tools into a single user friendly interface. And the development of this chat
bot isn't new. In May of the previous year, users in the Philippines had access to a chat bot named Takeo. However, Takeo was primarily designed to help users discover other videos within the app, rather than addressing complex queries. Now, the Genie chat bot is anticipated to be much more advanced and incorporating a broader range of AI capabilities within Tiktok itself. It's a significant upgrade to Takeo, aiming to deliver a comprehensive AI experience.
Now the key feature for this could be conversations between creators and also people that follow them. So instead of just comments, imagine asking the creator a question and the AI version of the creator would answer your question right there. It takes a lot of time. I do YouTube as well and it takes a lot of time to answer every single question, every single comment. Last video that I had had 512 comments on it. There's no way I could answer every single one of those
comments. So an AI chat bot between the users and also the content creators is going to be a significant jump forward. Now, I can see in the future that AI could take over from not just a chat bot, but something like you ask the creator a question and in the creator's voice, the chat bot answers you. And you might have to pay for that. You might have to become a premium member or something like that.
And that could be a future feature that people could be using on Tiktok. And one key component of this integration is the generative AI search function available in the Chinese version of Tiktok too. The feature enhances discovery both within and beyond the app, and Genie is expected to include
similar capabilities. The US patented Trademark Office filing from May outlines that the chat bot will facilitate interaction and communication between humans and AI, simulate conversations and produce human like speech and text. So the creator may record their voice and then repeat whatever the chat bot says to the user to the end user. It's a huge broad scope for this new tool, but Tiktok hasn't commented on the specifics of Genie.
However, the company's well known AI powered algorithm combined with this generative AI tool suggests that Genie will be a robust addition to its suite of AI features. Now more AI from Tiktok is coming. They have tested AAI recommendation chat bot called Takeo, of course, in the past, and the company has also been using Open AI's code to develop its own large language models. Earlier this month, TikTok revealed other new AI capabilities for its advertising partners, including digital
avatars and AI dubbing. These enhancements reflect the company's ongoing investment in AI technology to support various functions within the app. So if you're an advertiser on TikTok, you can make an AI avatar. You never have to record anything yourself. You don't need a studio. You just have AAI version of you that does all the selling for you. Now, the trademark filing for Genie suggests that the AI initiatives at Tiktok are expanding.
The chatbot aims to offer more than just recommended searches. And it's going to be more comprehensive. And these advancements come a bit challenges right now, including the potential for divestment from its parent company, Bike Dance, or a ban in the US by early of 2025. If Tiktok is banned, all this could be for no reason. And the Biden administration has expressed concerns about national security risks posed by Tiktok's Chinese ownership.
Tiktok is contesting these allegations, arguing that the proposed actions are unconstitutional and violate First Amendment rights. The legal battle shows that there's broad tensions between TikTok, US regulators and China. And in other TikTok news, introduce a new future that allow creatures creators to download their videos without a watermark. Kind of significant if they want to share these videos across different platforms.
It's a welcome change by many users who have previously been restricted from repurposing content because of the TikTok watermark. And the absence of the watermark makes it easier for creators to reuse short form clips across different platforms. A screenshot from the app shows a prompt asking users to choose between saving videos with or without a watermark. Users can save watermark free videos by selecting the save option during the upload
process. The update allows users to repost their content on other platforms like Instagram, Facebook also on YouTube, provided they share it on Tiktok first. Ensures Tiktok continues to receive user generated content first while enabling creators to benefit from sharing across multiple social media channels. Previously uploaded videos with watermarks on platforms like Snap or Instagram often resulted in restrictions. Similarly, YouTube might limit such content across its Shorts
platform. The new feature simplifies the process of reposting content on different apps. Now, Since the start of 2024, Tiktok has permitted users to download clips without watermarks. The recent change, which requires users to post on Tiktok first, aims to prevent users from leveraging Tiktok's editing tools exclusively for other platforms. Expert experts suggest that the water free or watermark free downloads could previously be achieved using the Cap Cut app,
Tiktok's video editing tool. However, the new feature streamlines the process for those who prefer not to use additional apps for editing. It's a simplified workflow for creators. I'm a creator myself, so I would love to be able to use one app's editing software, edit everything and then use it everywhere. It's kind of difficult. So what I usually end up doing is creating something and import it into my computer. I edit it there and then I can send it out to all the different
apps. So in addition to Genie, TikTok launched a creative content suite named Symphony. Powered by generative AI, the suite includes tools like Symphony Assist, Symphony Creative Studio, Symphony digital avatars and optimizations In TikTok Ads Manager. The Symphony Creative Studio is a notable feature. And also allows users to create short clips from an existing asset or a product URL.
And the AI engine generates custom video previews, simplifying the creative process for marketers and also for content creators. These features also include the ability to turn scripts into voiceovers that can be dubbed into multiple language so we can reach the whole globe. Videos created using this feature will be automatically labeled as AI generated to maintain transparency.
Now, there's a little bit of related news here through Apple and Google. Bloomberg reported that Apple might integrate Google's Gemini chat bot into all of its devices. So not only are you going to get ChatGPT and Open AI, which Apple just announced, and also Apple Intelligence, but you could get Google's AI Gemini, their chat
bot, on your iPhone. It would follow Apple's strategy of enhancing its AI capabilities by collaborating with other tech giants, and it'll be integrated right on the phone. It's not a separate app. So Apple senior VP of Software Engineering confirmed that Google Gemini would be incorporated into the Apple Intelligent suite of AI features. It's important for Apple to have AI now. They have to compete with all the other AI companies out there.
And considering that AI is going to take over all of the tech world, they need to jump on board. So having Gemini and ChatGPT is a significant move for Apple. The AI enhanced Siri will prompt users to use ChatGPT or other AI models like Gemini if they provide better responses to user queries. Now, the integration aims to improve the overall functionality and responsiveness of Apple's virtual assistant. So Siri right now is very
limited. It sometimes it just doesn't know what to do. You could ask it a question. I ask my Siri questions all the time. It has no idea what I'm talking about. Or it tells me to go to the web to look at a, a web page. And I just want an answer, you know, and I'm sure you do too. You just want Siri to tell you what's up. So sometimes, you know, Amazon's Alexa does the same thing. And this is where Apple can pull ahead of Amazon in the device category. Same with Google's assistants.
They do the same thing. They just, they might not know what a thing is. So they'll just be like, here's a web page and you're like, hey, I don't, I'm not near the screen. You know, you'd use your home, your Google Home. And it's like, hey, I'm not near a screen. I can't go get that. And so it'll send a text to you with a link and it's like, it's just like 3 extra steps to do it. I'd rather the device just say, oh, here I this is what I got from Gemini. Here's what I got from ChatGPT.
Here's what I got from any other AI app out there, any other chat bot. So make your own decision. Which one do you want to use? And this is a really good move from Apple. Instead of creating their own, they're using and integrating other people's software like they've done for a long time into their own software like Google Maps. Think of that. Google Maps is, you know, for for a while it was integrated with iOS. Now they have Apple Maps, of
course, which not that good. Sometimes it's OK. But Google Maps definitely my my maps of choice. So think about it that way. The close garden of Apple is becoming a little bit more open by including these other AI chat bots and the advancements in AI here. They require a certain Apple device, the iPhone 15 Pro or newer can only access these features. So that the reason for that is because they need processing power that can handle the AI capabilities and functionality.
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