Tech Brew Ride Home Thu. 06/27 – Add Consultants To The List Of Big Winners Of AI So Far
Jun 27, 2024
The U.S. government's Bitcoin move raises eyebrows in trading circles. Google Translate expands with 110 new languages, showcasing AI's capabilities. Amazon is set to mimic Temu’s discount strategy, while Figma rolls out a major redesign to enhance user experience. Webtoon Entertainment makes waves with its Nasdaq debut, highlighting Korean media's rise. Interestingly, AI consulting firms are thriving, echoing trends from the dot-com era. Finally, McDonald's AI voice ordering struggles reveal challenges in the fast-food industry.
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US Government Bitcoin Sale
- The U.S. government moved $240 million of seized Bitcoin to Coinbase, likely for sale.
- This action, similar to a previous large sale, creates market concerns due to the government's substantial holdings.
Google Translate Expansion
- Google Translate added 110 new languages, nearly doubling its capacity.
- Google's Palm 2 LLM facilitated this expansion by learning language families, like Hindi-related and French Creole languages.
Amazon's Temu-like Section
- Amazon plans a Temu-like section with direct-from-China shipping for cheaper goods.
- This move mirrors Temu's and Shein's success with low-cost items and longer shipping times.