NYTimes: “Despite or even because of its omnipresence, social media is evolving. Eric Goldman, a professor at Santa Clara University School of Law, anticipates a future where social media is transformed into a thousand channels broadcasting at you. It would be reminiscent of cable television circa 1995: ubiquitous and a little bland. “The whole point of social media is talking to each other,” Mr. Goldman said. “If that becomes too legally risky, it will still be media. It just won’t be social.” All future engagement will be with a machine. On Facebook, content generated by artificial intelligence is already being prioritized over friends and family.”
Business Standard: “Consider this. India now has over 900 TV channels, thousands of newspapers and over 860 radio channels. We make more than 1,600 films in a normal year. It has been over a decade since streaming took off and six years since short videos did. The last two years have added micro-dramas to the list. With more than 60 video streaming apps and a dozen music streaming ones, there is now an obscenely rich spread on tap. Here’s a sense of the scale: YouTube uploads 500 hours of video every minute. This column only talks of the 523 million Indians who use broadband internet-connected laptops, TVs or phones, making for an over-served, pampered market…How do you tell a story to this audience?”
The Top 100 Gen AI Consumer Apps: “ChatGPT leads but the race for the “default AI” is on. ChatGPT is still far and away the largest consumer AI product. On web, it is 2.7x larger than the #2, Gemini (measured by monthly traffic) — and on mobile, it is 2.5x larger (measured by monthly active users). ChatGPT has seen weekly active users grow by 500 million people over the past year to 900 million today. This is especially impressive given growth is difficult to maintain at scale — over 10% of the global population now utilizes ChatGPT every week.”
WSJ: “In their current form, tokenized stocks are digital tokens that represent shares of publicly traded companies on the blockchain. By design, each token is equivalent to a single share of stock. Most of the tokens trading today are technically derivatives and not stocks, at least at the moment, and thus don’t confer the holder all of the rights of ownership that shares provide—even if they track those shares’ prices. In the future, though, tokens are expected to grant those rights, including dividend payouts and the ability to vote on shareholder proposals.”
