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GM. This is Take Off, the Michelin-starred chef of tech news. We'll prepare a sumptuous feast of information, insights, and analysis that will leave your appetite for knowledge more than satisfied.
Here's what we're serving up today:
An iBank in the Making? 🏦💳
Ciao to Netflix’s OG Bizz 🧧📭
AI pulls up it’s (Red) Pajamas 🟥
An iBank in the Making? 🏦💳
Say hello to Apple's juicy new offering: A Card-linked savings account with a 4.15% APY, ripe for the picking! They're turning daily cash into daily stash for Apple Card users, making it easy-peasy to grow your green with no minimum deposits or balance requirements.
What are the deets, you ask? Well, here you go:
No minimum deposit required
No fees associated with the savings account
Need to own/co-own an Apple Card (Duh! Obviously)
Balances are covered with FDIC insurance (Phew! That’s a relief)
Apple also recently launched Pay Later in March, making shopping sprees even more fun (and obviously burning more holes in our pocket).
We can’t help but infer that Apple is definitely on its way to carve out a big slice of the Fintech pie for themselves. What’s your take on this?
Ciao to Netflix’s OG Bizz 🧧📭
Gather 'round, youngsters, and let us tell you a tale of the ancient times when Netflix mailed DVDs to people. It actually still does which is like totally cool on another level but the real question is: Who’s still ordering DVDs in ‘23?
But alas, this relic of a bygone era is coming to an end.
After 25 years of stuffing those iconic red envelopes with DVDs, Netflix CEO Ted Sarandos is calling it quits on Sept. 29.
Back in 1998, Netflix was the hip mail-order alternative to video rental stores like Blockbuster and Hollywood Video. No more trekking to the store, hoping your favorite movie was in stock – just request it and Netflix would deliver it to your doorstep!
But after a whopping 5.2 billion shipments, it's time to say adios to DVDs. With DVD rental revenue slipping from $200 million to just $100 million (again, who is still renting these DVDs?) last year, it's no wonder they're cutting ties.
AI pulls up it’s (Red) Pajamas 🟥
Hold onto your PJ's, folks! RedPajama is the latest addition to the world of AI with fully open-source foundation models and their mission is to take on the big rich API boys.
Today the most powerful AI models are hidden behind commercial APIs, but RedPajama wants to make them as open and available as a neighborhood garage sale and that too “for freeeeeee”.
To do this, they’ve announced their 3 step plan to produce a reproducible, fully-open, leading language model.
High quality training data
Trained Base models
Instruction tuning data and models
In short, RedPajama is like the superhero of AI we all need (just in a red pajama and not a red cape), fighting for the open-source cause.
☄️ Asteroids ☄️
Netflix will crack down on password sharing this summer. Looks like we only have a couple of months till all of our 172,856,935 friends can use the same Netflix account. 🎥🍿
WWDC might bless us with three new MacBooks, but don't hold your breath for M3 chips. Looks like Apple is keeping it M2-ish while upgrading other mysterious bits and bobs. 🍏💻🔮
Reddit will begin charging for access to its API. Reddit's data buffet ain't free no more! 🤖💸🍽️
💰 Wednesday Wires 💰
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