Signal: A Legal Tidal Wave Approaches... 📧
I watch with great interest what will happen with/to Sora this week. It feels like a tidal wave of lawsuits is about to hit – at the same time that usage clearly continues to explode: while last week I was getting rate-limited at 100 videos per 24 hours, now it seems to be throttling down to 30. How I am expected to influence under such harsh conditions? The app remains #1 in the App Store, and it seems to have raised ChatGPT's position as well as it's now #2.
Yes, OpenAI now controls the top two spots...
I Wrote...
I followed up last week's initial post on Sora with some thoughts on what I think is the key to why it's working right now: creation.
M.G. Siegler
Take One...
💰 OpenAI & AMD Cut a Deal – This is honestly all so tangled that it's getting impossible to keep track of. Just two weeks ago, OpenAI and NVIDIA struck a (up to) $100B deal where the latter would take a stake in the former – perhaps up to 12% when all is said and done (if it's ever all said and done). This deal is the inverse, with OpenAI (potentially) taking up to a 10% stake in AMD (which would be worth $30B+ at today's prices). This follows NVIDIA taking a nearly 5% stake in Intel – which itself followed the US government taking a 10% stake. I guess this deal validates AMD's approach to AI and their position in the market – and the 30% stock jump today seemingly pays the price for the deal – but my god is this all looping and perhaps loopy. Given that OpenAI is still famously unprofitable, who is paying for these AMD chips? Is it NVIDIA?! Or is their money truly promised to only buy chips from... NVIDIA? So it's mainly going to be ARM-owner SoftBank's money? They also, of course, own a 2% stake in Intel now – and hold several billion worth of NVIDIA shares. "New ideas" for financing indeed! [WSJ 🔒]
Below, members of The Inner Ring will find thoughts on:
• The Succession Tea Leaves at Apple
• The Succession Tea Leaves at Disney
• Taylor Swift's Commercial Beats the Box Office
• Bezos on Bubbles
• Anthropic as the 'Anti-OpenAI'
• and more...