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Daily Tech News: OpenAI, VinFast, ByteDance, Stanly, Spotify, Amazon

June 17, 2024

Here are the top stories on Techzi

OpenAI Revenue Soars, Rivals Heat Up the AI Race

  • OpenAI aims for $3.4 billion annualized revenue in 2024.

  • Its products and services generate $3.2 billion revenue tsunami.

  • However, deep-pocketed rivals like Google, Reka AI, and Mistral AI pose fierce challenges.

Indonesia and Thailand Rev Up Electric Vehicle Competition

  • Indonesia and Thailand compete to become Southeast Asia’s EV hub.

  • Both offer tax breaks and subsidies to boost adoption.

  • As the race heats up, they attract global EV manufacturers like BYD, VinFast, and Tesla.

VinFast Faces Stiff Competition from Chinese EV Makers in Vietnam

  • VinFast fights to maintain EV dominance in Vietnam with its affordable VF 3 model.

  • Chinese EV makers challenge VinFast by slashing prices, fueling a price war.

  • Vietnam’s passenger EV sales soar 140% in 2023, but Chinese brands pose stiff competition.

GoTo Remains Tight-Lipped on ByteDance’s Potential Layoffs at Tokopedia

  • GoTo stays silent on rumored ByteDance layoffs at Tokopedia post-merger.

  • As a minority shareholder, GoTo claims decisions are up to Tokopedia’s management.

  • Reports suggest 9-70% of Tokopedia’s workforce could be affected, but details remain unclear.

Stanly Secures $8M to Connect Fans with Their Favorite Celebrities

  • Stanly raises $8M led by Adrian Cheng’s C Capital.

  • The platform, founded in 2023, has over 200,000 members and 50 fandoms.

  • Stanly aims to revolutionize fan-celebrity engagement through direct interaction and exclusive content.

Spotify’s Creative Lab: A New Frontier in Audio Advertising

  • Spotify launches in-house creative agency, Creative Lab, for custom marketing campaigns.

  • The company also develops “Quick Audio,” a generative AI tool for ad scripts and voiceovers.

  • Rockstar Energy Drink and Aperol are among Creative Lab’s first clients.

Amazon’s $230 Million Bet on Generative AI Startups

  • Amazon invests $230 million in generative AI startups, mostly through AWS credits.

  • Despite this, the company is playing catch-up to rivals in the AI race.

  • Alexa division faces setbacks, and regulators scrutinize Big Tech’s AI investments.

Co-Founder of Waze Says “If You Wouldn’t Still Hire Them After 30 Days, Then Fire Em”

  • Uri Levine, Waze Co-founder, suggests firing new hires if you wouldn't rehire them after 30 days.

  • The idea is controversial, with some agreeing it's important to act quickly if it's not working out.

  • Others argue paid work trials are a better alternative that don't require leaving a previous job.

LinkedIn’s AI-Powered Job Hunting Revolution

  • LinkedIn unveils AI-powered job hunting tools.

  • The company has been using AI since 2007.

  • New features include generative AI for applications, learning, and search.

Did you miss yesterday's daily news show?? Then it’s not too late to check it out now!

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