Microsoft’s “New Way To Search”

The future is officially here. Or at least that’s what Satya Nadella told CNBC. The Microsoft CEO said he believes that AI-powered search is the biggest thing for the company since the cloud emerged 15 years ago. ๐Ÿ˜ฎ

The headlines emerge as Microsoft released its new AI-powered Microsoft Bing and Edge software, which they’ve branded as “your copilot for the web.” ๐Ÿค–

In it, they’ve brought together search, browsing, and chat into one unified experience usable anywhere on the web. The company claims the updates deliver better search, complete answers, a new chat experience, a creative spark, and an overall new Microsoft Edge experience.

The announcement was pushed via Twitter, where the world chimed in with their thoughts. ๐Ÿ’ญ๐Ÿ’ญ๐Ÿ’ญ

We’ve spoken about artificial intelligence (AI) at length this year. ChatGPT lit the fire, and now companies are pouring fuel on it daily. Yesterday, Google announced its Bard AI, and Chinese search engine Baidu said its ChatGPT-style “Ernie Bot” will be available in March. And there’s likely to be more to come in the months ahead. ๐Ÿ“†

That’s at least what retail investors are betting on as they flock to small-cap companies in the space. ๐Ÿค‘

As with anything, the AI revolution is not without its issues. For example, Getty Images is suing Stable Diffusion for $1.8 trillion over copyright and trademark issues. But for now, all we can do is wait and see how these heavily-hyped projects pan out in the real world. ๐Ÿคท

AI’s Copyright Crisis Begins

We all knew copyright law would be a key issue at the heart of the artificial intelligence (AI) revolution, but we didn’t know when. Well, the time has come. โŒ›

Today, The New York Times filed a lawsuit against Microsoft and OpenAI, accusing them of infringing copyright and abusing the newspaper’s intellectual property. In its court filing, the publisher said it looks to hold the two companies accountable for the “unlawful copying and use of The Times’s uniquely valuable works,” claiming billions in statutory and actual damages.

Read It

Nio & Nikola’s Never-Ending Story

No matter the day, there seems to be an endless stream of electric vehicle (EV) industry news. Let’s get into today’s headlines. ๐Ÿ“ฐ

First up is China’s Nio, which just received an additional $2.2 billion investment from Abu Dhabi’s CYVN Holdings, which raised its stake to 20.1%. The fund had last invested in Nio during July, with a $1 billion investment.ย 

Read It

JetBlue Jumps As Icahn Accumulates

It’s been a rough few months for JetBlue shareholders after the airline’s merger with Spirit Airlines was blocked by U.S. regulators. However, the stock is popping after hours on news that a billionaire hedge fund manager is dumpster diving and sees value in the stock. ๐Ÿ’ธ

Activist investor Carl Icahn reported a nearly 10% stake, which he’s accumulated on the belief that the stock is undervalued following its recent selloff. He’s already had discussions with the company regarding possibly attaining board representation.

Read It

Peloton’s New Partnership

With Peloton’s turnaround strategy not yet bearing the fruit it had anticipated, the company continues to lean on partnerships to grow market share. For example, in September, the company entered a 5-year strategic partnership with Lulemon to bring its content to the athleisure brand’s exercise app. It also made Lululemon Peloton’s primary athletic apparel partner. ๐Ÿ‘Ÿ

It’s still too early to tell whether or not that cooperative effort is working, but management seems to think further initiatives like it will help boost revenues. As a result, it’s partnering with TikTok to bring short-form fitness videos and other content to the social media platform.

Read It