Good Morning!

Cheers to the last day of February. We’re already 1/6 of the way through 2023 😨 

Today’s article is brought to you by: 95% human and 5% AI

Market Update

📈 Stocks edged higher on Monday following the worst week of the year. Tech led the way with the NASDAQ climbing 0.7%.

🟢 Union Pacific Railroad rose 9.4% amidst hedge fund pressures forced the current CEO to step down. Tough scene for that guy, huh?

🔴 Dish Network fell 8% as the company struggles to handle an ongoing service outage with their internal systems. If you’re still paying Dish money - why?

Banger Tweet of the Day

The digital nomads are getting stronger.

Canada Joins the Party on TikTok Bans

Canada announced Monday it will follow the lead of the US and the European Commission and ban TikTok on all government-issued devices.

Canadians move fast: The move comes just days after Canada said they were opening an internal probe into TikTok’s privacy practices. It was also the same day the EU banned its staff from accessing the app. Canada officials cited an “unacceptable” level of privacy and security risk led to their decision.

TikTok responds: A spokeswoman for TikTok said Canada issued the ban “without citing any specific security concern or contacting us with questions.” I believe the spokeswoman because they did it so fast, but I also don’t think it would’ve made a difference.

Sign of more? The move of Governments banning TikTok on staff devices leads me to believe there will be farther-reaching bans taking place in the near future. From the Government’s POV - if they shouldn’t be using the app, why should everyday civilians? FWIW, China bans our popular apps all the time.

It would, however, be an incredibly unpopular political move and Joey B has an election coming up next year.

Business Bytes

🤖 Snapchat launches its own AI chatbot (CNBC)

• The chatbot, named “My AI”, is powered by OpenAI technology and will be released exclusively to Snapchat+ subscribers.

• My AI will work similar to Bing’s Sydney or chatGPT in that it can do things like recommend gift ideas, weekend plans, itineraries, or recipes.

• Even my Mom has a chatbot at this point (shoutout to you Mom).

📱 Tesla pauses new Full Self-Driving Beta installations until recall is addressed (The Verge)

• Tesla recently “recalled” over 360,000 vehicles due to unsafe features in the FSD beta.

• Remember , a recall for Tesla software is literally them just shipping an over-the-air update.

• I try to be an early-adopter at times, but why the hell would you buy a Beta version of autonomous driving?

🚀 SpaceX Postponed its Mission to the ISS (WSJ)

• SpaceX and Nasa decided to delay due to an issue relation to ignition fluid.

• The team will try again March 2nd. Better Safe than Sorry, right?

💊 Pill-Pusher, I mean Telehealth company, Cerebral lays off 15% of staff (WSJ)

• The company known for filling social media with ADHD ads is now dealing with its second round of layoffs.

• Cerebral, once valued at $4.8 billion, has become the subject of FTC investigations into its potentially deceptive business practices.

Zuck Announces new Internal AI Team

In boomer fashion, Mark Zuckerberg went on Facebook to announce Meta will be forming a new internal team focused on Generative AI.

The new AI squad is tasked with building “creative and expressive” tools that can be used inside Meta’s suite of products - like Instagram, Facebook, Messenger, & WhatsApp.

The team will pull people from across the company currently working on generative AI in their current role and will report to the Chief Product Officer.

The company has no shortage of creative ways they could deploy consumer-facing AI:

Zuck is Bullish: The announcement comes just days after Meta announced its new large language model -LLaMa - that competes with GPT-3 technology on performance.

Meta has also invested more than almost any company in the last couple of years into building out AI infrastructure, primarily to improve its content and ad recommendation engines.

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Thanks for reading, go out and make today a great one.

Much Love,

Andrew (and AI)