FTC Investigates AI Price Adjustments & TNT vs. Prime for NBA Rights
Jul 24, 2024
32:00
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The podcast discusses how companies use AI for personalized pricing, tech earnings from Alphabet and Tesla, NBA TV rights deal, legal battle over trademarked terms, Amazon's financial loss due to Echo devices, and Apple's potential development of a foldable iPhone.
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Quick takeaways
FTC is investigating AI personalized pricing based on consumer data, raising concerns over transparency.
Warner Bros faces a crucial decision between traditional NBA broadcasting on TNT or a streaming future with Amazon.
Deep dives
Amazon's Struggle with Echo Devices
Amazon has reportedly lost over $25 billion on its devices, including Echo devices, from 2017 to 2021. The Echo device line, intended to drive e-commerce, faced challenges in monetization. To curtail losses, the new CEO plans to introduce a paid tier for Alexa soon, aiming to increase revenue.
FTC Investigates Surveillance Pricing
The Federal Trade Commission is probing surveillance pricing, a practice where AI leverages personal data to set prices based on browsing habits and profiles. Companies like MasterCard and Task are under scrutiny for potentially exploiting consumer data to charge elevated prices, sparking concerns over transparency and consumer impact.
Apple's Foldable iPhone
Apple is reportedly developing a foldable iPhone set for release in 2026. The device, codenamed V68, marks Apple's venture into foldable phones following rivals like Samsung. Apple aims to address challenges such as durability and size without compromising its flagship reputation.
Warner Bros Discovery's NBA Rights Dilemma
Warner Bros Discovery faces a pivotal moment in retaining NBA broadcasting rights against streaming giant Amazon. With significant revenue at stake, Warner Bros must decide between nostalgia with TNT or embracing a streaming future with Amazon, highlighting the evolving dynamics in sports media.
Episode 372: Neal and Toby recap the FTC’s probe into how companies may use AI to use personalized pricing for its customers. Then, a roundup of the biggest news in the day’s tech earnings from Tesla and Alphabet. Also, the coveted NBA TV rights deal adds some spice when Warner Bros. threw its hat in the ring by matching Amazon’s offer. Next, Logan Paul’s drink brand PRIME is sued by the US Olympic Committee for using trademarked terms to sell products without consent. Meanwhile, Amazon’s dream of placing Echos into millions of households has resulted in a nightmarish reality where it's losing billions of dollars because of it. Lastly, it seems like Apple is moving forward with a foldable iPhone.