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In Today’s Edition
After HBO, JioCinema Onboards NBCUniversal To Enhance Premium Offerings
South Korea’s Coupang Looking To Take On India’s E-commerce Market
JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice
Gap shares soar after retailer reports big improvement in margins
Quest 3 hands-on confirms Meta’s building a ‘far thinner and lighter’ headset
Sergey Brin Has a Secret Plan to Put Airships Back in the Skies
Nestron's wildly popular futuristic 275-square-foot prefab tiny home has arrived in North America - see inside the $96,000 unit
Creating a sperm or egg from any cell? Reproduction revolution on the horizon
🚀Startups Nuts
JioCinema has entered a multi-year partnership with NBCUniversal (NBCU) to bring the latter’s films and TV shows to India. With this partnership, NBCUniversal’s content, including Peacock Original Series and new movies, will be available on JioCinema Premium. Days after signing a content partnership with Warner Bros, JioCinema rolled out a premium subscription plan, starting at INR 999 per year, for its users to access international content.
The South Korean company offers same-day and next-day delivery, food and grocery delivery, and a subscription video streaming service. South Korea has contacted government officials on behalf of Coupang, which has expressed interest in entering India. Coupang’s India bet comes from the South Korean firm exiting Japan, where it started grocery delivery operations about two years ago.
🏭Business Nuts
JPMorgan Chase is developing a ChatGPT-like software service that leans on a disruptive form of artificial intelligence to select customer investments. The company applied to trademark a product called IndexGPT earlier this month, according to a filing from the New York-based bank. “It’s an A.I. program to select financial securities,” said trademark lawyer Josh Gerben. “This sounds to me like they’re trying to put my financial advisor out of business.”
Gap, which runs its eponymous brand and Banana Republic, Old Navy, and Athleta, saw its gross margins improve thanks to reduced promotions and lower air freight expenses. The mall retailer’s fiscal first-quarter revenue was largely in line with expectations. The company’s net losses have narrowed, but all four brands reported declining sales again.
📱Tech Nuts
Meta's Quest 3 contains massive improvements, according to Mark Gurman from Bloomberg. Codenamed Eureka, the headset is far lighter and thinner than the Quest 2, and it features a Qualcomm Snapdragon XR2 chip, more sensors, an improved system for adjusting the lenses' inter-pupillary distance, a depth sensor, redesigned controllers, and color passthrough. The Quest 3 will likely be more expensive than the Quest 2, but cheaper than the Quest Pro. There are no details about when the headset will be released.
Lighter Than Air, a company backed by Google co-founder Sergey Brin, is getting ready to unveil its first airship, the Pathfinder 1. The company has operated mostly in secrecy since its founding in 2016. The Pathfinder 1 is 122 meters long and 20 meters in diameter at its fattest part. It has 13 helium bladders that provide nonflammable lift. LTA's airships are intended for hauling cargo and delivering supplies to disaster zones. Pictures of the Pathfinder 1 airship are available in the article.
🎁Miscellaneous
Nestron's prefabricated tiny homes have an artificial intelligence system, built-in furniture, and more. The company recently started shipments to Canada, and it plans to open up 10 dealerships in the US this year. Its homes are generally under $100,000. This article looks at the design of the homes and the current process of importing one of the units. It includes many photos of both the exterior and interior of the dwellings.
In-vitro gametogenesis (IVG) involves making human eggs and sperm in the laboratory from any cell in a person's body. The process is already perfected in mice and researchers are on the way to making it work for humans. IVG would enable anyone to have children with their own DNA and could replace markets for sperm and eggs. There will need to be laws created to make sure that people can't become genetic parents without their knowledge or consent. The US FDA is already exploring the implications of the technology.
💡What else are we reading and seeing?
Sam Altman shares his optimistic view of our AI future
Is cybersecurity an unsolvable problem?
Lawyer cites fake cases invented by ChatGPT, judge is not amused
NVIDIA is an AI company now
😎Fun Fact
The term "stock market" originates from the 17th-century when merchants would gather in London's Royal Exchange to trade stocks and bonds.
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