(Bonus) Did Tech Recover This Year? With Big Technology

Big technology is launching a new premium edition with a new monthly podcast. We also take a look at the state of tech as the year draws to a close and then we sort fact in fiction from AI and crypto and maybe we throw in a little bit of apples. Big news coming up right after this. Booking a big technology podcast a show for cool-headed nuanced conversation of the tech

world and beyond. We have a special double feature episode today because we're running this both on the big technology feed and on the tech meme right home feed, which means that none other than Brian McCullough is joining us live. Welcome Brian. Hey Alex, welcome tech meme right home listeners to another weekend bonus episode with our buddy Alex. I think you've been on like five or six times at this point. That sounds right. It's always pleasure to talk Brian.

Yeah, no intros needed on my side. But given that this is news for your audience and for mine too, what is this new big technology premium thing Alex? Okay, thanks for teaming me up perfectly there. So this is great. This is an opportunity for me to introduce it both to our listeners on big technology podcast and to tech meme right home listeners. So big technology has been free for three years and the free edition

will remain after this. But I'm introducing this new premium edition that's just going to give more of what we've been doing in new forms and new formats with new features and even a new podcast. So I'll start with the podcast first because I feel like it's pretty exciting for podcast listeners. It's called big tech war stories. It's going to run once

a month for big technology premium subscribers. And it's going to be a conversation with people who have been in the weeds inside big tech companies and have either built a product that people love or one that was never released. And we're going to speak with them about

what exactly happened. I think I have a clip from it that I can play here. This is with so our first episode, which is going to be running next week is with Garov, Mimada, who is the first product manager on Google's Lambda chatbot. What are some lessons learned from for Google? I'm looking in the rear view mirror. Like how should Google change? They need to go back to the experimental groups I feel like over the years, Google has become more and more conservative about doing things. They

care a lot about PR, the public relations. They care a lot about how their images shown in the media. And I feel that at least in my experience that plagued so many projects inside of Google. It was like the PR was always top of mind for leaders. And on the other side, like, openly, I like, they don't give a shit about PR or like for the most part they don't. So that's a bit of a clip of the new show.

I'm stoked about it. And again, coming next Monday, and then addition of that with this premium edition, we have this new thing called the panel, which you're on, which is we already have about 20 tech experts. We talked about analysts, VCs, journalists, and technologists that are going to weigh in on news as it's happening. So let's say the Silicon Valley bank

is in the middle of collapsing. I'm going to email the panel. The panel will all, or when it's relevant, email one to two sentence replies about how to think about the news. I won't be able to contextualize it for readers. And then finally, we have a new Amazon column coming from Christie culture, who's a recent guest of the show. She spent 11 years at Amazon and has like a really good insight into how the company works. So that's

it. Basically, big technology premium. You can find it on big technology.com. And the launch special will still be going on. So that's 30% off the annual price, which is already a good amount off of the monthly price. So you can get annual subscription for $90. And that's it. Two, two comments on this. First of all, thank you, Alex for asking me to be involved in this panel thing. I actually saw Alex in person this weekend. And I was like, Oh,

you should have this person on the panel. You should have this person on the panel. Everyone I said he was like, they're on. So believe me when I say this is a blue ribbon panel, because everyone that I was suggesting to him, they have already agreed to be on the panel. So that's, that's great. And then number two, I have a suggestion for the podcast. Years

ago, I did an interview with one of the people on the team at Dig. If you know the history that like dig was the big thing before Reddit, and they did a site redesign that destroyed dig and Reddit came to the fore. So that would be a sort of behind the scenes story. If I can, I'll have to dig into my archives and see that. That would be great. That would be great. Yes, yes, yes, please. Yes. Okay. That would be great. We'll see if we can

make that happen. Yeah. Yeah. So we just got it off the ground. We're recording on Tuesday. This shows going live on my feed Wednesday and then yours on the weekend. But this is think this thing is fresh off fresh and hot off the presses. And I've been like thinking about the right formula for many years. I want to be able to keep the free product for those who want, but also offer more for people who are interested in a premium description.

Something that can help them do their jobs better. You know, give themselves an edge in their career, give their companies an edge against the competition. I think that this sort of insight insight in terms of being able to re-tech events as they happen and learn about how the best do it is the best possible offering. And I'm really excited to roll it out today.

Well, everyone go check it out because as you know, big technology is one of the best sources out there for really in depth sort of stuff in terms of analyzing the tech landscape deeper than I can do in my 15 minute show. However, and I'm going to grab the reins slightly because one of the reasons why I wanted to talk to you this week is because you are the big technology guy. And it's sort of that time of year when a young man's fancy turns

to thoughts of year end recaps. And so this is me teaming into our first topic, which is I wanted to ask you seeing as how you follow closer than I do all of the big tech platforms. This year started out with tech in turmoil, with layoffs, with some people questioning the business models of something like was met in trouble and stuck down whatever percent it was or whatever. I feel like it's not that much in turmoil. So if you'll allow me

to pose the question to you, but then we can go back and forth on this. What happened a big tech this year? I feel like they've recovered. Is that the correct sense or what happened? I mean, they've definitely recovered. And you know, you just have to look at met a stock price, right? Right. 150% over the year to know that all that doom saying towards the

end of last year was misplaced. And that these companies were always already, sorry, they were always going to respond to the demands of the market and boy, did they do it? So what you had is Mark Zuckerberg basically, you know, he came in flat footed, but then immediately realized that it was going to have to be a year of efficiency as he put it, right? Big cuts and a focus more on inventing versus maintaining. And I think you've seen

that meta has done the cost cutting. It's very tough for them, right? They had to cut a large percentage of their staff, but it also changed the culture internally where they started, you know, started acting less like a big company and more like a company with some urgency. And you've seen that manifested with big moments where they've shipped, you know, their open source AI model, Lama, they've opened, they've shipped chatbots this whole

new slew of purpose built chatbots that you can now get in WhatsApp and messenger. Honestly, like, you know, been among the biggest skeptics of what this metaverse thing was going to be for consumers, but I just got a chance to try the Oculus 3, Quest 3. And I thought it was very impressive. It has great pass through. So you basically can wear it, walk around, and see everything going on in the room with you. And it's not quite where it needs to be.

Obviously, it needs to be much thinner than what it looks like now as opposed to these big goggles. But I mean, is it getting there? Absolutely, especially because Apple's bringing it forward. And so, so I think like meta is emblematic of the type of movement you've seen through the entire big tech echelon where there's been, you know, cuts that they had

to make and they've made them. However painful they were. And then innovation. And I mean, AI, which we're going to talk about later, has underpinned a lot of that. So I attended a meta event sometime in the summer, June or July. And they were talking about all the AI stuff they were going to bring into their ads products and things like that. But they constantly made the point that like we're still committed to the metaverse.

Is it just that maybe it's they still are committed and they're still spending money on it. But is it also a thing where it's like if we just don't shout it from the rooftops that keeps Wall Street happy? Like it's not like they're walking away from it or doing a Mayacolpa saying, well, that was a that was a cul-de-sac. They're just not talking about the metaverse as, you know, forthrightly as they were say a year ago.

Absolutely. I mean, don't you think that when they said year of efficiency, I mean, how much of Wall Street thought that meant not investing, you know, billions of dollars into the metaverse every year, not losing billions of dollars? That's actually not what happened. They didn't cut spending all they, in fact, increased spend on the metaverse. I mean, they are not taking their foot off the gas pedal there and they've just tried

to trim elsewhere within the company. And not only that, their ad product has recovered nicely from Apple's anti-tracking moves. So you put it all together. And it is sort of, it's almost just, you know, business as usual in a way that this strategy hasn't changed. Maybe they've added more AI into it. But they're just trying to do it in a way that's, again, a method of building with more urgency and slightly, although not dramatically less people.

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to give you consistently excellent performance. Absolutely free at net suite.com-shride. That's net suite.com-shride to get your own KPI checklist. Net suite.com-shride. Well, so I was going to ask again, you go on the compound and friends. You're closer to the stock market end of this or whatever. Was it ever a case that in the early part of the year, was EPS down for any of these companies where profits significantly hit and they've

come back? Or was it more that they were being cautious in terms of forecasting? Also, so then when they do cuts to especially personnel that looks better to the bottom line to Wall Street, what I'm asking is, where their businesses significantly hit? You just mentioned Meta's ad business recovering from the ATT thing. Were they hit and they've recovered? Or is it just the vibe, which all of Wall Street is to a certain extent where Wall Street

likes the narrative better now? Part of both. I mean, there was a real hit especially with apples. Anti-track moves were talking about a $10 billion loss coming in or contraction of revenue coming in. In particular, because Apple didn't let them track what was going on. And so for Meta specifically, that has come back in the sense that, like, are we back to where we were before ATT? Not 100% but there's two things that have happened. One is that people have taken their money and they've brought

it to Snapchat and they've brought it to Twitter and they brought it elsewhere. And then, even though they weren't getting the same returns that they were on Facebook, they've just been like, ah, shucks, the best place we have to put our money is Facebook. So they've actually come back from that worldwide tour and be like, all right, Facebook, take it.

And Facebook has built a lot of technical tools that have enabled these advertisers to start to get maybe not back to where they were, but to a point where they are pretty comfortable now spending money with this company. So you're at a point where you also had some pretty hard comps against COVID because people, all, you know, every company that we're talking about and did in big tech just had massive increases in revenue during

COVID because they were basically the economy. So that tails off a little bit, but now it means definitely evened out at this point and everything is pointing up for these companies. So if we have time, can I ask you for two other specific companies? We'll save Google slash alphabet for the AI conversation later. But you're talking about COVID times and cutting back the workforce. That's Amazon, right? Amazon was also dealing with the sort

of the transition to a new regime, you know, Andy Jassy taking over. So what's your take on Amazon's year this year? I mean, in some ways, good. They really were slow on the AI front, but they positioned themselves a lot better with their big investment in anthropic right already 1.25 billion in anthropic, potentially up to 4 billion investment in anthropic, which is like this counterweight to open AI. So now they have a research house similar to the way that Microsoft has a research

house. And while doing this, they've sort of, and Matt Wood was this VP from AWS was on the show a few months back talking about this where they've kind of created AWS as this clearinghouse for AI models. So no matter what model you want to build, they're not going to favor necessarily the ones that are developed within Amazon or the ones that are developed within anthropic. They have access to the builders and they're like, all right, builders

like come use our tools and build. So I think they're in good shape. They're the one, you know, concerned for Amazon is that AWS growth has really been slowing in a way that, you know, you see Google, Google, I mean, Google Cloud, right? It's not in close, but it's starting to at least put, put up some formidable competition. And there's still a shine around Azure Microsoft's cloud offering. As you put it all together and at Amazon, you know,

you're, you're, you're still dealing with the fallout of the pandemic, right? Because you overbuilt your infrastructure, you kind of recought flat, flat, flat footed on AI, but you're starting to make up for that. And you came into this year and it was probably like an, oh my God, what are we going to do scenario people talking about Jeff Bezos coming back? And now the ship seems to be writing there as well. And they're up about

40% on the air. So one thing that I have been hearing, which might be related to the AWS thing, I don't know if you've been hearing this too, but the idea that there are these new startups that have access to the Nvidia chips that are creating sort of, sort of new

cloud offerings. I've been hearing from a lot of people that like this could provide the opening for people to get a wedge against the traditional, because essentially running a sort of a cloud instance or a, you know, a set of racks for doing AI stuff is different.

You have to design it differently than how a traditional cloud service does. And so I think maybe that's some of the concerns around AWS is I've been hearing people say a bunch of these startups that now are getting multi-billion dollar valuations just because they have access to a 100 chips. If people get like, sort of acclimated to using these people to do their AI stuff, well, then it's easy to be like, well, here we'll add on this cloud thing or

whatever. Anyway, the point being this might be an opportunity for people to create alternatives to AWS and the traditional cloud providers. Right. And don't you think it's a huge opportunity for Nvidia? Sure. Sure. They are starting to license some of their computing. Well, and is it, I mean, today they were talking about also getting to the GPUs, which is different, but Nvidia is investing in all those like cohere and what's the one is

Jersey or whatever. Right. Or maybe that's the one in Jersey. Anyway, the point being is that yes, all those ones that are having these multi-billion dollar valuations, you're seeing that the lead investor is Nvidia. So yeah, and Nvidia, their basis Nvidia has an interest in powering cloud stuff. So yeah, exactly. Don't you love the fact that like one of the more important companies in this space is in Jersey. It's like such a jersey thing. It's like, yo, you need some chips.

Yeah. Yeah. No, I love that company because I, you know, I think I did it the story a couple months ago. They just had a bunch of GPUs left over because they were experimenting with crypto. And then all of a sudden, it's like, well, we're not doing crypto anymore, but we still have these. And everyone's like, please, please, give me, give me. There's a, there's plenty of startups right now that are, are plowing that field FYI. So. Right. Maybe that's

what Web 3 was all along. Web 2 Web 1 was read Web 2 was right and Web 3 was stockpile and video chips and sell them for the I. Boom. Hey, I always say that the whole reason Web 2 happened was because it was all of the infrastructure left over from Web 1, like all of the blow up of, you know, global crossing and all those that left all the dark fiber

in the ground. Real quick, last one that I want to do here. Apple story this year is essentially just a global macro story that global growth slowed and they couldn't sell as many phones and that's it. Or is there any other larger story to the Apple story? Yeah, there's like a few angles. So like, yes, growth slowed. The number two thing is that people buy in large, upgraded everything they needed during the pandemic. Right. So you had a two year

super, super, super cycle. And then like people just don't need to replace. So and, and by the way, like, this is obvious at this point, but an Apple, you know, an iPhone 12 or 13 is fine for five years. Really? If you had the 10, you needed the 15, but if you have something 12, 13, you can probably, I mean, there's not a massive difference. So the compelling

event to upgrade is no longer there in the same way that it was. And then, I mean, honestly, like there is some, some worry from China where you've, and this is something that has been overlooked, but I think is really important. We've talked about it in the show in the past.

But the Chinese government said, if you're in public service in China, no iPhones. And not only is that a decent sized amount of the market there, but it's also a signal to people in China that says, Hey, if you have national pride, don't use the iPhone, we'd make great phones here. You know, can't we might be reading your data on them? But if you love China, use a Huawei. And now Huawei is the number one phone in China. So there's

a lot of different currents riding against Apple. The cops took to COVID definitely don't help, but we have like four straight quarters of revenue growth decline. We're going to talk about their new laptops and, you know, towards the end of the show, but, but geez, you know, not only they have revenue decline, but they have serious geopolitical risk. That's a rough spot to be in if you're Apple. Indeed. And in terms of like we said, you know, maybe everyone recognizes that they don't

need a new phone as often as every two years. You had Google acknowledging that with the Pixel, what is their, they're supporting out to eight years or something crazy like that now, but yeah, it's a very long time. Yeah. Yeah. Which you would imagine that some people will have to match at some point, but we'll see. Okay. That's my that's my trip around. Brian. Yeah. Yeah. I mean, to me, the thing, the real big story. So first of all, like

I think we know that these tech companies are they're in good shape. And you mentioned the compound and friends, I think one of the things that Josh Brown, who is the co-host of that show has talked about is that AI saved the market in 2023. I really think that's

true. We're going to get into that in the next segment. But one thing that I think is super important to touch on is to me, the underrated, unheralded story of the year and listeners, a big technology podcast, probably know how I feel about this because we've talked so much about it is that self-driving cars took a huge leap, a tremendous leap. And our growing are there, they're finally at the point where the driving is good enough that

they are able to operate functionally on large large portions of cities 24, seven. Now, we're going to have Waymo CEO to key to Ramamokana on next week on big technology podcast. And one of the things listeners are going to hear in that conversation is that Waymo Houston's 2021 has gone from 50 square miles of operation within Phoenix, which has already a decent amount of size to more than 200 square miles in Phoenix, not only that operating

in San Francisco, testing in LA, and we have crews testing on the freeways. So the speed and success at which this wave is coming is truly fascinating. And while it's kind of interesting, while we all talked about crypto, AI was quietly the biggest story in tech and now as maybe while we're all talking about AI, the rise of self-driving is quietly the biggest story in tech. To the degree, I mean, I know that obviously

there's different ways to answer this. But I agree that it's a big story in terms of a technology that we were promised, promised, promised, and it kept not coming. And I had the famous, will we get self-driving by 2020 as everyone promised that it never came true? But is that a big tech story in the sense that I mean, Waymo and crews could become big companies? But is that going to be that's almost ancillary to tech in the same way that

Uber in a sense is ancillary? Like do you see what I'm saying? Like is this when we tend to think of big tech in terms of like the platforms, it's like, well, Google can do techs Y and Z or Y can't you also do a music service? Y can't you also do movies? And is is I know that Waymo comes out of alphabet, but is this if it's a success 10 years from now, is it a story of like, well, yes, I don't know in a car anymore because I have a Waymo

or a crew subscription. But that's sort of walled off from the larger tech story. I think it's a great tech story. And I think that like we sometimes can judge the impact of tech in terms of the way that it rearranges our world, right? And for better or worse, I think this is mostly a better situation. And you know, despite the fact that everybody tags me when a crew falls into a puddle of cement in San Francisco, which is like not great,

but come on. You know, anyway, we're going to talk about it more on Wednesday about all these headlines about the crews hating a purse or someone being critically entered under a cruise and turns out it was a human driver that slammed into them and they just landed under the cruise. But I think that this could really reorient the way and not to get too deep into this because it's going to take a while and these promises have been

made and delayed. But it will reorient the way that our cities work. It will change, you know, if you don't, if nobody owns these cars and you're just hailing them, then you don't really need space for parking, I think it will create a much better world and will probably be, I mean, I put it up there with iPhone, Chao GPT and Waymo cars, the three most amazing experiences I've had with tech in my lifetime.

You know, the other, I don't know if you've been aware of this, but simultaneously to all the sudden, six months ago, oh, wait, there are way more self-driving cars out there than I anticipated. Are you aware that like the drone delivery thing is actually becoming a reality too? And it's not necessarily Amazon though. Apparently they've made some more moves recently. But like the the FAA has officially like given the okay for like real actual

drone delivery for stuff in the US. And so like I feel like that's another one where it was a promise for the last decade that has never come true. But while everyone is looking elsewhere, I feel like drones are suddenly becoming closer to being a reality sort of like self-driving cars are. That's pretty exciting. I'm pro drone. I like the idea. I mean, as long as you're not like flying your drone and looking into my window with the camera,

like I think that we really benefit from the ability for drones to deliver things. I mean, it's also good. I'd imagine better for the environment than having a car drive around to do that. I think that drone photography and footage is exceptional to watch. I've been when I was at Buzzfeed, I flew the drones and captured some wild footage inside some of the wildfire impacted areas in California. So I didn't realize it was it was that close

to being approved in terms of delivery. But are we that far away from seeing this stuff hit? Yeah. No, this is what I'm saying is that the two stories rhyme to me in the same way that like the promise was self-driving and that it never came, never came. And now all the sudden, like a switch has been flipped and that is that has been true. I think Walmart is whoever's doing it with Walmart, I don't have any of my notes in front of me is the

furthest along. But even this week, I saw movement from Amazon Air or whatever they call it for them doing more than than they had been doing too. So what if we look back on 2023 as the year that self-driving and drone delivery passed a threshold and started to get real? Yeah, definitely. And it's interesting, right? Because in the middle of this AI moment, the thing that everybody looks at is that attention is all you need paper outside of Google,

which is the transformer model. And that was in 2017. And it comes to a moment where there are these breakthroughs, they're quiet, and then people build on them. And the fact that these drivers have become generalizable and are able to apply the same stuff they know, city to city road to road is extremely underrated and I think extremely cool. So I know we're both in New York. It's going to take a while for this stuff to get the streets in New York.

Yeah. Man, get a robot to drive on ice. It's not as easy. I mean, humans can't do it either. But who knows? I'm now hopeful that we'll see the day. Yeah. Yeah. I'm more hopeful than I was in 2020 when I declared my bet notland void because I couldn't I couldn't take a self-driving car into work or whatever, but soon enough, why can we take a quick break and then come back here and talk about AI, crypto and Apple on

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All right, we're here on Big Technology Podcast with Brian McCullough of the Ride Home Podcast. We're also on the Ride Home Podcast. It's a pretty cool tech meme ride home podcast, which is awesome, a great daily update on what's going on in the tech world and also talking about premium addition to Big Technology. I'll throw out the URL one more time. It's bigtechnology.com if you go to the launch post, which is going to be the second or first or second from the top.

Big Technology is going to be paid with deeper coverage in new features. You can get a $90 for the year subscription as opposed to our typical $15 a month or $120 for the year deal. All right, we'll be back right after this. And we're back here on Big Technology Podcast with Brian McCullough, post of the tech meme ride home podcast CEO of Ride Home Media. Brian, let's talk about, and actually, now we're going through your titles. You're also a partner in

the Ride Home Fund. That's right. Just focused all about, wait, is it the Ride Home Fund? Well, there is a Ride Home Fund and then there's a Ride Home AI Fund. So there's two flavors, original flavor and AI flavor. So AI flavors. So let me just read, so obviously we've been in a year of exceptional promise and lots of questions now about

AI, right? I think that people have, we'll talk about crypto in the next segment, but people have a little bit of maybe PTSD from the crypto movement where a lot of people said this could change it all and it didn't change it all and are at least yet and they were like, okay, well, now we're hearing the same thing about artificial intelligence. And yeah, I can chat with chat GPT, but is that really good amount to a new web? Let me read to you something from Tonya Doa's newsletter on LinkedIn.

And it's talking about whether AI has been overhyped. This is a quote that she puts in from Matt Turk from first mark. You've started to see the cracks in the whole gendered of AI hype train in the past few months. It's a clear case of Amara's law where people have overestimated what a specific technology can do in the short term and underestimated what it can do in the long term. Brian, where do you stand on that? That we're underestimating what it can do in the

long term. Listen, any technology wave, there's the curve of, you know, trough of delusion, you know, anything that gets hyped at first, the first couple of years, there's a lot of things that will not work. By the way, chat GPT is not even a year old yet, right? So like we're so, we thought of this year as like the big AI year, but it's the equivalent of if I, if you and I

were having a conversation about e-commerce on the worldwide web at the end of 1994, right? So this before Google or Amazon or anything, like the reason that I say that in the long term, we're underestimating it. I'm not even one of these people necessarily that believes true artificial intelligence like self-aware computers are, you know, maybe might not even be here in our lifetime. But the thing that I think that this represents is the true promise of computing.

And that's why I say that this is underestimated. What I believe and the reason why I raised a fund to go after this stuff is I believe that what the simplest way to put it is what I think is being promised right now is the computer from Star Trek, the next generation, where, you know, all of computing has been about sort of abstracting away the complexity of making a computer work. There once was the command line and you basically had to know how to code to make a computer work.

Then came the GUI. And so now it's easier. You click on icons or whatever, but you still have file menus and pull down menus. On Star Trek, the next generation, Picard just says, you know, computer, do X, Y, or Z, computer enhance, computer, you know, assess the the makeup of that star, whatever. And you don't have to know all of the things that go behind it to get the computer to work to you for you. When computers first came out after World War II, they called them electronic brains.

Because again, we've always thought of robots and computing primarily as humans in the same way. Well, this is a tool that will do my work for me. I think that that the fact that we have spent at least the last 50 years bringing computers into our lives, but they were still difficult tools that you had to master. If we can abstract away all of the things that are complex about computing and just say, computer book me the flight, computer respond to Alex and tell him I can record the show

at 2 today instead of 4. Like then essentially this is a different paradigm where we don't necessarily have to look at screens. I'm not saying it's all going to be voice commanded or whatever. But I think that we're underestimating the ability of the true promise of computing to be manifest within our lives, normal people's lives within less than 5 years. This doesn't even get into how it could transform medicine, you know, change how different professions work and things like that.

I think that we're underestimating the fact that the true promise of computing as a tool that normal people use and rely on in their everyday lives to make it better is it's here. It's now. It's a paradigm shift that I've been waiting for my whole life. And so let's talk about, I mean, he talks about how it's overestimated in the short term. Are we going to go through a year or two where people are going to be like, where's that

cream filling on this stuff? Yeah. 100 percent. Which is scary to be investing in a space like that. Ask about that. But also at the same time, if you gave me the choice of investing in a sort of greenfield wide open new, this is a new paradigm, I would take that all day long. Like there are other invas, you know, investing in SaaS companies for the last decade at least has almost been a spreadsheet like thing. Like you see how much how much users grow and like sort of how the revenue

grows, you can plot it on a graph and see like, okay, here's an evaluation of this thing. It's more interesting to me to invest in a space where it's like, think of how crazy it was that the mobile phone came around and the things that got disrupted were taxis and hotel rentals. Like that's there's no way that you can plot for that. It's more interesting to me to invest in a space that it's greenfield. Having said that, Chris and I started the fund just at the beginning

of the summer. By the way, it's still open if anyone is interested in investing in the fund. You can find out at ridehomefund.com. Our thesis has been to go after the productization of stuff. So like what is the Airbnb or the Uber of this paradigm shift? I would say by our definition, we've only made one of those types of investments and all of the other investments right now have sort of been infrastructure plays by which I mean, who is creating the scaffolding around what

this new level of compute is. We've kicked the tires on dozens and dozens of these products, you know, AI for architecture, AI for law or whatever and they don't seem defensible. And so I will tell you, if I'm being quite honest, we haven't found the Airbnb of this moment yet. What we are investing in is, hey, if you're Ford or American Airlines and you're, you want to deploy a chatbot or a large language model, you've got to be able to do it safely. Or if you're on Wall Street,

you've got to make sure that your proprietary data is here. So that's what I mean by infrastructure. There's a lot of plays right now around allowing this moment to flourish. And so again, that's kind of like investing in 1994. Like if you invested in every website at the time, you might not have done well, but if you invested in the underlying tech, you might have done it. Great. Okay. So I have a question for you about that. What do you think about, and I'm writing

about this this week. So for listeners, if you're a journalist, don't take this idea. But what do you think about this emerging fight between Facebook and OpenAI? I mean, you have OpenAI super open. No, sorry, not no, open in the name pretty closed in the technology. You have meta pumping out these open source algorithms. By the way, like not signing on to any of these, we need to stop AI progress while OpenAI seems to want to shut others out of it. Yes. And then you have OpenAI with

this big impressive generalizable bot chat GPT. And you have meta in this moment with all these personalite more specific use case style bots that they're releasing. Talk me through this fight. Like how and is it like it's kind of like an underrated conflict point between. Alex, if it's almost like you and I are more professional and more organized and we have thought about because I thought of this as a topic, but we never we coordinate on this. But I'm glad you brought it up because

I have some serious thoughts on this. Here's what you got to understand. In a sense, OpenAI is already the incumbent. Okay. Because if if you think of these large language models as a new sort of, as I'm saying, computing paradigm, the key behind them is the secret sauce of what the data is trained on with the large language models or trained on. But also the key is what they call like temperature. And basically imagine you have to you train a large language model and you're

like, well, it doesn't work that well. So turn this knob three points and turn and slide that dial 70% or whatever. It's fine tuning. Okay. That's the secret sauce for for making things work. And you can it's not just for accuracy, but it's also for making it cheaper and and stuff like that. Okay. So OpenAI in previous models, they released what the models were trained on and like how the inputs worked and how like I'm saying they filled with the knobs and the dials to get the secret

sauce. They're not doing that anymore. And so the reason is essentially because they had the first big win on this, right? And so if you're a meta or someone coming from behind, OpenAI or Chatchee BT is the fastest product to become successful of all time. 100 million users until threads. Until threads. Yeah, I can't count out threads. But okay. Well, who knows. Maybe they're both lost

users, but sorry. Go ahead. So what you have to understand is that anyone else now is like, well, there's a scenario where the biggest model will always win because it's the got the most data behind it. It's the best train. And so either everyone can just follow in OpenAI's wake and be like, ours is just as good. It's sort of like a Google versus Bing thing. Or they have to differentiate and not just in the market, but in terms of developers. So meta does what Google always used to do,

which was open source anything that they did. And the reason that they're doing that is there's a scenario where if you can let 1000 flowers bloom and 1000 different Chris and I think talked about this on your show like the AI varietals thing. Like if you if you have a thousand different models and this one is trained slightly differently than that one, it gets different outputs. Like that's the sort of way that you can differentiate meta or has has obviously an incentive to do

that because OpenAI got ahead of them. You could argue that Google will have similar incentives. But one of the I was at AI conference two weeks ago and it was all discussion about open source. And the let me let me give you the negatives about open source first is people are concerned about well, you know, you throw a large language model out there that anyone can get off of GitHub or

hugging face or whatever. And then, you know, terrorists can use it to do bad things. People can use it to create misinformation or X, Y and Z. But the the sense is is that the open source stuff is we're never going to be able to innovate and create the Airbnb of this moment. If the actual models are behind this firewall of OpenAI and they don't tell you how it works because then all you're left with is a scenario where people can build businesses that are just thin rappers

based off of OpenAI APIs. Okay. So if people are excited about this moment and they want to grab hold of the the future of it, they feel like they need they need it to be open source so that they

can own the models. Okay. And one of the things that I said to a lot of the startups that I talk to at this conference is you have to understand that not only does meta want this to work that way, the VC class of which obviously I'm a part wants it to work this way too because that's again, if you're the biggest VC firms in the world, your Sequoias or your andries and Horowitz's or whomever, even if they're already invested in OpenAI, they need an ecosystem to grow up

around this stuff. Otherwise, again, OpenAI or just the biggest model wins. And so I said to a lot of the startups that I met there is I'm glad that everybody is exploring Open Source for this technology. But if you're being pushed to do it, keep in mind that the incentives by the people that are pushing you to do it are their own meta wants to unseat OpenAI. The VC class wants to

create a bunch of startups that will be the next OpenAI. So I think that people are excited about Open Source being the future of AI, but I would caution a lot of people to understand why a lot of people are shouting that right now. Well, let's okay. So let's go to the one level deeper. Why doesn't it want to unseat OpenAI in your opinion? I mean, everybody's going to want to in the sense that if you believe like I do that this is a new compute paradigm in the sense of how you're going to

interact with compute. That works for what is what is men do? Their social network essentially. I mean, really, their business is selling out. So you can throw AI to that. But so, men need to control the fact that what if five years from now social networks are really maybe don't talk to your friends as much as you talk to your favorite bot that you've maybe created their personality. You've trained it on everything that you've got on your phone or your computer. And so

it knows you. And so the bot becomes your friend. Or what if five years from now social networking is all of our bots interacting with each other on social media or in VR or in AR. Meta does not want to be in a position where the only way they can do that with a high degree of accuracy and efficacy is to have to ping somebody else's APIs. Because again, they'll be in the position that they have been with with like the iPhone and Android all these years is they don't

own the platform that their service fundamentally sits on. That's why meta needs it. But also one of the things that I've said on my show is that you know, Meta's looking at what OpenAI is doing and is thinking how did OpenAI create these products? They trained it on the internet. They trained it on users content. Who has more user content than Meta from their family of apps? There is a scenario where within two years meta has the best LLM because it has access to more

meta will shut off OpenAI's ability to be trained. Like you're already seeing Reddit shut off OpenAI from training on on their content. Like who's in a better position to be the the the the the the the the the the the the the the the the the the the the the PhDs they've got the PhDs they've got the science they've got the patents and they have the content that you can train this this next generation technology on. I think there's any level of envy in terms of how Zuckerberg

feels about Sam Altman. Zuckerberg to my sense of him has envy for anybody that I mean Bill Gates had this too. Anybody that's successful in a field that he thinks he could be successful in. Yeah, he's like why not me. But I also think that he's in a better position now because you know the the phrases is that the leaders often end up with a bunch of arrows in their back because the two the

two companies that are best position in my mind to challenge OpenAI are meta and Google. I mean Google created the technology that allows the current attention based generative AI transform based AI to happen. But Facebook has been had a decade of the best AI minds under under their roof as well and then like I said they have the content that they can they can train this stuff on. So if if someone's going to to throne if OpenAI is an also ran within three years, I bet it'll be meta

I my money would be on meta that would do thrown them and then maybe Google slash Alphabet. Oh interesting. We love using data to quantify our health right. Well this is the ultimate form of that the Nutrisense biosensor. It's a small device that you put on the back of your arm that then provides real-time feedback on how your body responds to the foods you're eating your exercise stress even your sleep with Nutrisense you just take a photo of your meal adjust for portion size

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tranquility you deserve. Your piece of mine is worth every penny. Sign up today at DomainMoney.com. That's DomainMoney.com. See important disclaimers at DomainMoney.com slash legal. Yeah, okay great. So let's just do let's go lightning round through our next two topics crypto and Apple. Apple's new launch event. One of the things that you wrote to me while we were talking discuss about what we're going to talk is with our crypto. I mean to me it seems pretty

obvious. I mean crypto is is disgraced in many ways. Maybe there's going to be something emerged from the rubble. I have to point out that today on October 24th Bitcoin just surged to $35,000 coin. No. You didn't know that? Yes. Because apparently everyone believes that the first Bitcoin ETF is about to be announced. So yeah, for the Bitcoin hit high the highest it's been in 18 months. Now you can make the argument that Bitcoin is almost a separate story than the larger crypto

ecosystem. I don't know that Salana has come back to its eyes of 18 months ago or whatever or Ethereum. But so having said that and so if we look like idiots if you're listening to this three months from now because crypto all of a sudden is $100,000 of coin or Bitcoin is what we're talking about is two years ago when we were on like the Twitter spaces and the clubhouse rooms

or whatever we were all talking about crypto and NFTs and all the Web 3 goodness and stuff. And I think that you're alluding to the sense that I get as well which is like the energy has gone out of that. They're still the same people that are in the space. I'm not saying they've evaporated.

But the overall energy. Well some of them are in jail. That's true. Do you agree with me that you feel like that the energy or at least the chatter that was there around crypto this year sort of dimmed like it we felt like it was starting to do at the beginning of the year. Oh yeah I mean if you think about pandemic like zero interest rate crypto versus now like that

was a fully inflated balloon and this is a sad piece of burst did rubber. Well let me let me let me again caveat this by saying if you think Alex and I are just talking about price that's not what we're talking about because again two years ago three years ago there were new ideas and as much as people did and still do laugh at things like NFTs or FinTech around like again the things that blew up and people went to jail for which is like all of these crypto lending things that were

giving you 18% returns and turned out to be Ponzi games or whatever. But there was a period of time where there was this flowering of a ton of new ideas and I don't see like a new idea around lending or you know putting putting your mortgage on the on the blockchain and stuff like that like there was a time when that was every day and like I don't hear that no maybe I'm not listening

in the right spaces. That's because people like their houses and they don't want to lose them. Sorry I don't know I feel I guess I'm just getting out of these SBF trial hearings and I'm feeling salty. Yes. Well all right I get it and and one of the things is is that the the people that used to yell at me on my show when I would do two stories or three stories of crypto in a day and they're like what is this the crypto right home and I was like listen that it was for a time the biggest

story intact. No doubt. Absolutely. And I mean I can go entire weeks without mentioning a crypto story now. So to the degree that that Alex or I are a barometer of this sort of stuff for the broader tech thing I think that yeah right now it's it's another law. I mean maybe it'll come back

of raw we know. I don't just count the idea that blockchain technology might end up being I mean it is being used in many different places and there's going to be some innovation that comes out of it but whether it reinvents the web or reinvents the way that we do things it seems

questionable at best. Okay last last story. Apple just announced or if you're listening on Saturday earlier this week announced they have a new event happening Halloween Eve called scary fast and the ideas that they're going to announce new max and Mac has been one of those products that have been troubled for them. I'm curious do you speaking of things that used to be exciting and now are seemingly not do you think there's going

to be any buzz at all. I mean it's interesting that they're even announcing it's like seven days before before this event happens. Well also it's interesting they've we I you know work with the editors at TechMeme and we were trying to look at they've never done the events at 5 p.m. on Monday they usually do Tuesday events they never do events in the evening that we can eat we

couldn't find at least in the history of TechMeme when they had done a 5 p.m. Eastern time at night event and then you're saying max what we've been speculating in the slack is is scary fast means that we think that they're it's going to be about the M3 chip because if you think about it

even if they were just going to upgrade even if they were going to upgrade the the Mac pro line or whatever and the rumors initially were oh they're going to upgrade the iMac line because the iMac line as it exists right now is two and a half years old I think they could do that just by doing

a press release and like you know updating the store the fact that they're doing a special event at a special time and it's called scary fast says to me that they are excited to tell us about the M3 and they must have something that they think is significant to tell us about how those

chips perform now they'll probably also announce putting them into new max as well but I think that what we're going to see and this is claim shatter for you know if you listen to this after Monday I think it's it's all about the M3 well I would be stoked for that I mean even though that

the juices come out of these events a little bit I'm on like a 5 year old desktop at this point and come having that compared to the Apple the MacBook Pro with the M2 chip it's just it feels so slow like I have a great setup with the desktop and I just find myself wanting to work on the

laptop all the time so I don't know man if this is what's coming down then I guess sign me up for these new machines M3 here we go baby I'm gonna I'm gonna quote from our resident Mac expert inside the tech memes lack I won't name him however I don't think they'd have a weird event time

like this if there were just big chassis form factor changes it also feels weird if it's just M3 refreshes across the board so I really don't know what to expect but something tells me either it's something bigger than those two things or those two things combined will be bigger than what

we're all expecting scare me Tim Cook scare me I'm ready for it all right Brian thank you so much for the time this was great always great to speak with you thank you Alex and congratulations on big technology premium everyone go check it out if you want to see my immediate takes on the

big news of in the in the roundtable you got to subscribe to big technology premium yeah thanks again for being a part of the panel again it's big technology dot com you can get it there 30% off no 25% off for a launch special it's a great deal I hope you go check it out and and if

you're not on the free list then try the free list and see if you want to upgrade again we'll have a story about this meta open AI fight up there on Friday so also one last thing to our listeners if you don't subscribe to tech meme ride home now I recommend it it's a great listen gets you up

today on everything going on in the tech world every day hosted by none of them Brian so me thank you Alex all right everybody thanks so much for listening thank you big technology listeners thank you tech meme ride home listeners thank you link did forever as part of your podcast network thanks to

everybody who's willing to go give this big technology premium a try and and again it's a pleasure bringing you this show stay tuned Friday ronja and Roy will be on we're going to talk about the latest in tech especially tech earnings this week big week of earnings I'm preparing to go on CMBC

to talk about amazon and others on Thursday so we'll break that down and then next Wednesday an interview with tequidre mawakana the co-CEO of weimo more self-driving car talk plenty of new details really fun conversation hope you stay tuned for that and we will see you next time on big technology podcast did you know that poor sleep can cause weight gain mood issues poor mental health and lower productivity doing this podcast every day is a good barometer for me of my overall mental and

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when you sign up at mind bloom dot com slash tech meme and use promo code tech meme take the first step and break free from your anxiety and depression with mind bloom mind bloom dot com slash tech meme and use promo code tech meme and welcome to the same technology for this game on October 26, 2023 I'm Brian McColog today the benefits of my daily diet seem to plan a full recovery of the game air pod you can see changes in the way of managing the royalties and deploy videos and audio calls and

a look at how new gesture of function on Apple Watch here is what you have noticed today in the world of technology yesterday afternoon I announced that the revenue of the third trimester was at 11 23% compared to the previous year the benefit net increased to 64% compared to the previous year

for the rate of 34.15 billion dollars at 11.58 billion dollars and the number of people active on the application family increased by 7% at 3.14 billion people at least for 7 years of 2023 the investors will have shared this subject the actions of

meta we slightly kiss in the exchanges before this morning maybe because this detail must be mentioned the real laboratory of meta where everything works and works and metaverse signal a number of offers of 3 basis 26% to 210 million dollars count almost 300 million what was estimated the operational losses have increased by 2% for a 13% of 14 billion dollars against a 3.9 billion dollar estimation so even if the most constantly speaking of metaverse meta invested always in the back of the

lab a number of small pieces during the conference called Mark Zuckerberg said that thread at 10 just below 100 million monthly users since Instagram launched the application at the beginning of yes in a verge I thought in a long time that it should have an app of public

conversation of a billion people who are a little more positive to declare the global number of the world of Merkredi I think if we continue to insist on a few more years then I think we have a good chance of realizing our vision lab. The financial address of meta seasonly also expressed a certain optimism situation. Traderess also had an opportunity long term to meet and we are enthusiastic about capitalizing on the far and the product that we have for the next year.

So far so much for the call. In a post thread, Merkredi, the head of Instagram Adam MoCerie declared I know I hope we will be able to support Europe. The progress of Fediverse, the best integration of Instagram and the time of the next month in his report of the third trimester of meta declared to have a real deal of $34 billion in a high of 23% of the same trimester of last year. Spendant is always brule with his real to lab division.

The company has foreseen that its lost exploitation will increase significantly from one year to the other. And that's Merkerman says that he has foreseen completely his game of airpods, free airpods Max and two airpods of fourth generation redesigned with USB in 2024. Airpod Pro with a new push and a new design in 2025, Stamblumberg. The changes will be made in a way of airpods in the airpods of Apple in 2024 and a new model pro next year according to family members with the plan.

The company has added the concept of the producers of the product, the appearance of the industry and the quality of the audio. The new version of Airpod Max will also be released in 2024. We have declared people who have asked for it to be identified because of the private information.

The third generation of airpods is not particularly well sold for a lot of buyers, prefer, either to save money and buy the second generation or, they are up to the model O of Gamme who understands a brand new generation. The product of the middle of Gamme does not cost much more than the model at $129. So some consumers do not see the price of the $40 supplementary.

With this, Apple has provided to suppress the airpods of second and third generation later next year according to family members with the subject. In place by second port of fourth generation in the price is similar to current versions, but are more differentiated. The two models will present a new design that will collect a mix of airpods of third generation and pro models. They will have all the two short-term, the shared space of the ear of an user.

Apple differentiates both options including the breeding reduction in the O of Gamme version. This model will also receive a board of charge board that is understood by ear to find my corresponding alerts to the current airpods. These alert facilitate the search for the ear and three by the users when they lost. The two new models of the game will offer a better adjustment, but it is unlikely that one or the other will include replacement embellishes like airpods.

The fourth generation of airpods will also have a USB-C to their charge kits for following a change that started with the pro earphones. The man has been surprised by the foot of the iPhone this year, in the heart of a effort to conform to the European Union regulations and its accessories follow the movement. Apple will provide a table of the AirPods Max to the end of the year next year that also will also have its power to charge the USB-C.

The headphones will come in new colors, but there will be a lot of other changes. The pro earphones should benefit from a new design and new PUSH in 2025 and the company works on the features of the safety of this device. The Apple is also highly recommended to the United States. The Apple TV Plus is $ 6.29 for me at $ 9.29. Also, the new Plus is $ 9.59 for me at $ 12.59. The Apple is $ 4.59 for me at $ 6.59. Apple won $ 2615 to $ 914 to MacRimmer.

The price increase is immediately for the new subscribers and in 30 days from today for the existing subscribers, so next date of again after this period of grace. Apple should send emails to the existing subscribers to inform changes in the time, as it did to the increases of the price of certain services last year. In the United States, the first increases of the price never realized for the Apple R4 and Apple News Plus since the launch of the service in November 2019.

So Apple TV Plus has known its first price increase, going from $ 4.59 for me at $ 6.59 for me at $ 12.00. In a shared declaration with MacRimmer, Apple has declared its implementation. Access to the best possible experiences for our clients adds constantly the content of entertainment of high quality and innovative functionalities in our service. And there is no documentation of price for Apple Music and Apple Fitness Plus today.

The Sources indicate that Spotify has provided major changes to its redevelopment model. For the first semester of the year, it has bought a new single of the most annual minimum before a track begins to generate redevelopment. It is constantly world-famous. Spotify has discussed details of its plan for the new royalties model with various music rights and last weeks.

The Sources have now been implemented in its dedicated industry, and Spotify has continued to continue with its redevelopment system. For Rata, it is called Streamshare, and it provides three major changes, specific to its model. As the said source, Spotify provides to put work in exchange for a tentative of just sit. The three-drain account on the royalties pool is currently paying 100% of the amount of the artists in activity.

Mbibble will be confirmed on the first trimest of 2024, each track on Spotify, in the new plans of the DSP, will have to wait for a minimum of annual streams before starting to generate royalties. Our sources were not available to need the exact stream name that will inform this but a source involved in recent discussions said that the goal is to demonetize a population of TIT, which today gains at least less than $0.00 per month. A few calculations are available to the Vavite.

The industrial sources suggest that each of the artists on Spotify, in terms of royalties registered in music, will currently be around 1.5 billion dollars. 0.003 American dollars per month. This suggests that, for those who are dead, 5% of the people in the right are supposed to generate 17 lectures per month or around 200 lectures per month. Spotify said that the dead will represent almost 99.5% of the streams, will continue to monetize after these changes confirmed by a source of good-placed.

Why is Spotify specifically a relatively minimum of posts on its services that are very popular and very popular? Because we talk about an industry where 100,000 posts or more are downloaded daily on streaming platforms. A large amount of money invested in these cumulative posts represent a substantial sum. In the posts that Spotify says are generally royalties, it is raised to 1.2 million dollars per month and this number is augmented, it will declare a source to MbDouble.

Next year, 137 measures, Spotify thinks that they will generate around 40 million dollars. The fact that X has started to deploy audio and video calls to some users with options to select with who you are going to use. Disactivate completely the function. I say that because you might verify that it is a hint if you did not want to use it. Sightened the verge. Use the user on the platform and buy some of us here at the verge.

We receive a notification in open the application indicating that audio and video calls are there. There is also a new one. Activate the call of audio and video in the applications. Which means that you can activate the functionality and select with who you are going to use. You can buy options to update audio and video in your address. The users you are going to use or the three.

You can then go to a call and open a DM with another user in the account of the telephone in the upper right corner of the screen and choose the audio or video call. In an open application on X Elon Musk confirms the deployment of audio and video calls by adding that it is a preliminary version of the function. Musk often says that the audio and video calls are the platform in the card of these objectives to finally everything he is. Applications.

Musk is clearly declared that the function would be available on iOS, Android, Mac, and PC with no number of telephone necessary. He is still not clear to which point to get the calls, audio and video calls. Also, users are not allowed to use it. The last month, the HTAG inventor and open source of the double tap that is still in the deployment of WatchOS 10.1 which allows the serial 9. And the users of Apple Watch Ultra 2 can interact with their world without using their contactiles.

Essentially, without having to touch everything. And then the double tap is designed to help you navigate. The best way to describe it is that Assistive Touch is like the mouse of your computer. It is a different selection and it is highly programmable. Double tap and more like the double click on the use of a mouse. You only use it to effect the main action of an application. And to do that, Apple has spent a lot of time searching what people wanted or expected to double tap.

And when double tap works as a preview, we have a little bit of the impression that the world is going to think about. It is really cool to see double tap working with. Not only my index but the rest of it too. My big surprise is that I don't think about it. But despite the fact that it is not long to meet the limits of double tap. The multimedia comments are a good example. A double tap should be putting in pause or playing your music. Which should you allow to pass to the next track?

If you are someone who uses your intelligence, to control the lecture on the high-speed intelligence, the first one is the sound of the sound. If you are a teacher and the move is on your playlist, it is the last one. I am going to discuss double tap to think about the next track. This lack of choice is also apparent in the applications. My application of the electronic career allows me to double click to start a quick quick series. But in 2023, I don't say my emails.

The applications like Spotify and PocketCast. It doesn't work either with double tap or with the applications that work with double tap allows you to run your software. The information is divided into more digested. You will always do this, but it's not. I will always use the double tap to navigate through the menus in the mirror. You can do a new widget smart stack. If I want to select a widget and open it, I always use my hands.

If I want to select a widget, the multitask is another command in the double tap to make the default if I want. To put in a minute, I am far away from this application. I must use my hands or use the series. If I can wait for the minute sun to use the double tap to stop the minute. Plus, the character would be the answer. It's obvious, but it's an option that Apple will benefit for this first iteration of the double tap. It doesn't always work well.

There are many things that I can do with my hands. In the example, if I want to open the application, I can have to do a filet with the number of numbers to keep the information that I need. But it's not difficult to imagine future iterations of double tap, which can be difficult and selected. Something that is not as complex as a system touch, but it is better and balanced between simplicity and personal ability. However, it sometimes can go out, but it also works without anyенного problem.

The actual effect... OU gonna T Script not do. At the end of the day, interrupted it. By using several Fryer. W Several of you asked me why I didn't mention the Pable's signature yesterday, Pable and this alternative to Twitter in which Ride Home Fund has invested. Especially this year when he was known for the name of Tiddard. Just a notch in the unique division of the Stewation. You know, Pable has asked his own questions. These things can be found in startups and investments.

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Billionaires wanted it, but 54,578 everyday investors got there first. See when incredibly rare and valuable assets come up for sale, it's usually the super rich that take home an incredible investment. But the game has changed thanks to Masterworks, the premier platform for investing in Blue Chip Art. Goldman Sachs reports that fine art can protect your purchasing power even when inflation is running hot.

And Masterworks makes it so you can invest in shares of these paintings so you don't need millions of dollars for art expertise to do so. Masterworks has over 800,000 members now. Masterworks has purchased 344 works of art as of today, and these are big name artists, Banksy, George Kondo, Andy Warhol, Claude Monet. When Masterworks sells a painting like the 16 they've already sold, including one I myself invested in, investors reap the potential net proceeds.

Shares of Masterworks new offerings are limited, but you can skip their wait list at masterworks.art-tech-mame. That's Masterworks.art-s-tech-mame. This performance is not indicative of future returns, investing in Vals' risk, see important RGA disclosures and aggregate advisory performance at masterworks.com-cd. Welcome to the TechMeme right home for Dondedag 26 October 2023. I'm Brian McCulloch from today's Meta-Incoms of Gister.

Apple likes a new product of the Apple Sassortiment, Spotify plans, big changes in how royalties are handled. I've launched videos and audio. And look at how this new construction works on Apple Watch. Here's what you missed today in the world of technology. Gister, with the report, that the Q3 is on sale with 23% is on sale and on sale. After 34.5 billion dollars, the net income is on sale with 160% on sale.

After 11.5 billion dollars, the daily active people are on sale for the family of apps was 7% higher. After 3.40 billion people, at least for September 2023. It's better to be a little bit divided here. The share of Meta-mame is handled by the forebars-handel. Maybe because this small detail has to be reported, the reality slaps of Meta where all the VR and Meta-verse work was. The set in the third quarter is with 26% of the product. A $10 million versus a $300 million, which was a joke.

And operational losses were 2% higher than 3.4 billion dollars, over a discount of 3.9 billion dollars. Even though it's not the whole time about the Meta-verse, the company invests Meta still in it. Another small detail on the conference, Mark Zuckerberg, that Threads is using the 100 million monthly users since Instagram the app started July. He has brought the verge. I thought there was a surprise app for a billion people who had to be positive.

He is Zuckerberg, who has been on sale for a long time. I think if we go through this a few years, we have a good chance to realize our vision. Meta-mame, Susan Lee, partly some optimism. Threads also remains a significant contribution to the company. And we are enthusiastic to build on the strong product momentum we have for the next year. She has been talking about it. In a Threads post, on Wednesday, she Instagrams the ademocerie.quote. I hope we can get support for Europe.

A new, Fediverse, forward-going, better Instagram integrations and trends in the coming months. If the third quarter result is a $34 million dollar income, a $3 million percent increase in the same quarter for years, the brand still has money with its reality and the latest TV. The company expected that their operational losses will be paid for a year-to-year and will be paid for two years.

Following the launch of Mark Gurman, Plant Apple has led a full-length renewing of their AirPods line from the output of AirPods Max. And two new 4D generation AirPods with USB-C in 2024. And AirPods Pro with a new chip and a new design in 2025. Citer and Bloomberg. The changes will be a new version of Apple's in-state-level AirPods in 2024 and a new Pro model, the next year to be known for the future people.

The company works on the development of the products, the output of the features and the sound quality. The new version of the AirPods Max buy phones also comes in 2024. The people who don't want to identify are the information private. The 3D generation AirPods don't have a good purchase for Apple. Many buyers choose to save money for the 2D generation version or the 3D. They go for the high-end model that is used with noise pressure.

At mid-niveau product, it doesn't offer much more than the model of 129 euros, so some consumers don't talk about the extra 40 euros. With that in mind, Plant Apple is planning to develop the 2nd generation AirPods in the 2nd generation. And to avoid the future people who are known for the material. The 2D generation AirPods are available in the same price with the current versions. But they are more different.

The 2D models want a new device that looks like a mix of the 3D generation AirPods and the Pro model. They want to have both short-stayings, the part that the ear of an user is used. Apple will always have 2 options to change by choosing the expensive version of the device. The model also has a similar set of headphones that the speakers use for fine-mine, where the screens come with the current AirPods Pro. The headphones make the users' users' easier to find their own when they are losing.

Both the new good-goers and models want a better fit for a bidet, but it is unlikely that one of the two will replace the tips as well as the AirPods Pro. The 4D generation AirPods will also discuss the USB-C for their own download cases, a discovery that started with the AirPods Pro. The new phones come in new colors, but there are not many other changes. The AirPods Pro will be waiting for the new design and chip in 2025.

The device is working on the health functions for the device to be related to. Apple also has the most expensive Apple TV Plus price of $699 per month to $999. The new Plus comes from $999 per month to $1299. The new Apple comes from $499 per month to $699. From $1695 to $19.50, the price increase will be reduced immediately for new subscribers and over 30 days of future subscribers for the next following the delay date after the period of the trip.

Apple should also have to send emails to the subscribers to inform about the changes in the time, as well as the date for the increase in price for some services. In the VS, the first increase in price for Apple Arcade and Apple News Plus since the 12th of November 2019. The first increase in price for Apple was $499 per month to $6.99 per month in October 2022. In a statement shared with MacRumors, Apple has been sitting.

The best possible experiences for our customers through consequent, high-quality entertainment and innovative functions to our services are to be added. Today, there is no price increase for Apple Music and Apple Fitness Plus. Braun says that Spotify has a large change in its royalty model. The first quarter of the next year, including a new trend of minimum-year streams, has started to generate a track with the latest royalties, Citer and Music Business World.

Spotify is talking about the details of his blue pressure for the new Royalty model with different music-based hours in the past weeks. Braun, who has been talking about this now, is now�Beway. That, however, Spotify will be able to bring out their Pro-Rata Royalty system as well as StreamShare. The plan is to bring out three specific major changes in their model. As a result, Spotify has planned these changes in a poging on Citer.

Three changes in the Royalty Pool that will probably come in future that will help the artists. The first quarter of 2024 has been announced. Spotify, including the new plans of the DSP, will be a minimum-year-old stream to prepare for the royalties to generate. Our brand will not give the exact amount of streams to these samples.

But a brand that was talking to us recently told us that the staff are working to demonetize the numbers of the population that today has been reduced to less than 5 cents per month. What economy on the back of a survey? In the three-bronnet, every survey is conducted on Spotify in the V.S. About the number of musical royalties, currently around 1.5 billion dollars generated. 0.033 USD per month.

This survey will be conducted for these numbers to generate 5 cents per month to generate royalties, the 17-care per month, or 200-care per year, would be played. Spotify says that tracks that currently 99.5 percent of the stream are being distributed, will be monetized after these changes are being used as a good place to be. So why does Spotify specifically have a relatively small part of the numbers on their service design?

Very low popularity and very low income generate because when you talk about an industry where 100.000 tracks or more, the daily flow to streaming platforms is being distributed. It is expected that it will be paid to these numbers resulting in a cumulative of a significant sum. In total, the numbers that Spotify also gave here are the royalties that are uploaded to 10 million dollars per year. And that number is only good, but it is a number of them.

Next year, under this action, Spotify thinks that they would have donated $40 million. I started with the selection of audio and video to some users with options to select and who you think is the right way to use it. The function of the download is reduced. I said, was it possible to control or use the out-of-the-box if you don't want to use it? The number of the round.

Different users on the platform, where under some of them are here at the verge, have a meeting with the app with the media and video-specans here. There is also a new, download-able audio and video-spec function in the app settings that says that you can set the function and then select who you think is comfortable to use. It is expected to be available to audio and video-specans to only people in your address, people who follow you, who give you the use of all three.

You can do an uproar by using a DM to open it with another user, the phone pictogram in the right corner of the screen to select and audio or video-specans. In a report on X, Elon Musk, the author of audio and video-specans, then he can find a version of the function. Musk has long joined the audio and video-specans to follow the platform as a part of his work to make it all. The app Musk says that the function will be available on iOS, Android, Mac and PC with no telephone number.

It is still not clear how X, audio and video-specans have launched or not used premium, it can be used. For example, Hashtag Outfinder and Open Source for Standard Chris Messina. Tina discovered that the code of X was used to use it, they had to call it the premium subscription of X to use it. X reacted not to visit the search for the word. Today, we have a look at Apple's double-tick. It is called WatchOS 10.1.

What Siri 9 and Apple Watch Ultra 2 use to communicate with your horoscope without using touch screen. Actually, without using it, it is completely useless. Fanderrant. Double-tap is not worth to help navigate. The best way to describe it is that assistive touch as the mouse for your computer is, scrolled, selected and it is programmable. Double-tap is more like the double click of the mouse. It is used to remove the main text from the app.

To do that, Apple has to pay a lot of time to find out what people want or expect that a single double-tick would do. When you double-tap, it is as if it means it is a bit like the horoscope you thought it might be. It is really cool to see how double-tap works with it. Not only my voice, but also the rest of it. Until my recording, it feels less gimmicky than I expected. But despite the expansion of Apple, it is not long to walk around the parking of double-tap.

Media-media-media elements are a good example. A double-tick should be used to play music or or you have to stand up to follow the number if someone uses smartwatch. To do that, it is the normal logancer. If you are a hard-looper and the wrong number will appear in your play, the last is nutter. I have come across this in different scenarios. But this is one of the worst cases in which you can choose what double-tap does. For me, I have double-tap in order to jump to the next number.

That's a bit of a coincidence. In Apps of Dirty, my email app is allowed to click on a quick reaction to start with Siri. But even in 2023, I don't like my emails. Apps like Spotify and PocketCasts don't work with double-ticks. The most apps of Dirty, which work with double-ticks let you just be melding in the air. That is, it is still still worth it. With Watch OS 10s and Apps like Fitness and it will be more important to be on a new account.

In the place of one screen where you end up having a scroll, information is divided into more profitable blocks. You still have a scroll, but it's less than that. This is pretty much the case. I often double-tap to navigate through minutes in the place of the digital. And I can't. You can scroll through the new Widget Smart Stack, but if I want to select a widget and open it, I still have to use my other hand.

If I want to select a widget, I can adjust it to do that, but it only selects the bovets to widget. You only have to trust that Apples will always have the right widget to get it. Multi-tasking is another area where double-tap can be changed if I want to. To pause my timer, but I'm left-handed. I have to use my other hand or Siri. Others can wait until the timer goes off and double-ticks to finish the timer.

More work will be here for the hand-based answer, but that is something where Apple was proud of for this first iteration of double-ticks. It's not always that easy. There are moments where on the first action I don't want to do. Or, finally, I'm at the point where I need my other hand. In the bovets, as I see the question to open the app, I have to scroll with the digital screen to use the information I need.

But it's not possible to select future iterations of double-ticks for the settings that can be selected. Something that's not as easy as an assistive touch, but a better view of the world between one vote and a passbarr. So, under the field of control, Apple tries to keep up with what you want to do. Even now, with the existing settings of double-tap, I can put more things on my phone without my phone.

I guarantees that I would have no enough game to handle or, if I do that, make it so much more dull-temple like some for fun or fun. The difference between you and Julie, why I didn't mention that Pebble stopped. Pebble is the author of Twitter, who has invested in Ride Home Fund. Earlier this year, when it was known as T2, I didn't have any unique insight into the situational

industry. Pebble met his own goal. Certain things should be possible to support有點 at bestof maiden 88t Alfaf A ample teem tot more.