Tech writer Shira Ovide discusses America's internet issues, YouTube's dominance, and AI toothbrushes on Slate Money. Plus, debates on OpenAI using YouTube for ChatGPT training and the challenges faced by consumers with internet service providers.
The Golden Visa program in Portugal allows citizenship through investment, sparking interest in passport portfolios and exploring tax strategies.
David Patton earned $1 million from 'Magic' as the Ozempic jingle, showcasing lucrative returns in healthcare marketing.
China attracted $380 billion in investments due to index changes, showing the impact of benchmark adjustments on financial inflows.
YouTube Shorts receives 70 billion daily views, displaying strong global engagement and potential reach to billions of users.
AI toothbrushes reflect the trend of unnecessary AI integration in consumer products, lacking tangible consumer value.
Tech companies extract data from YouTube for AI training, raising ethical concerns about data privacy and responsible data usage.
Deep dives
Portugal's Golden Visa Program - A Path to Multiple Passports
The Golden Visa program in Portugal allows individuals to acquire citizenship through investment, with estimates suggesting a cost of 500,000 euros. This initiative has sparked interest in creating passport portfolios to obtain multiple citizenships and explore tax strategies.
Ozempic Jingle - Turning a 1960s Hit into a Million-Dollar Success
David Patton, a member of the band Pilot, generated an estimated $1 million from the re-emergence of their 1960s song "Magic" as the Ozempic jingle, signifying a lucrative return for a classic hit in the healthcare marketing realm.
Influx of Foreign Investment in China
Around $380 billion has flowed into China due to index changes by influential global indices, leading to increased investments as trillions of dollars follow benchmark adjustments.
The Popularity of YouTube Shorts - A Whopping 70 Billion Views Daily
YouTube Shorts garners an astounding average of 70 billion views per day, showcasing its strong global appeal with significant engagement, potentially reaching billions of users worldwide.
AI Hype and Unnecessary Applications
The evolving hype around AI technology has led to unnecessary and often over-engineered applications such as $400 AI toothbrushes, reflecting a trend where technology is seamlessly integrated into various consumer products, despite limited tangible consumer value.
Tech Giants Extracting Data from YouTube for AI Training
Large tech companies like LLNM have harvested data from YouTube for AI training purposes, potentially breaching data usage policies in acquiring immense amounts of data. This poses questions regarding the ethical implications of data extraction for training AI models.
China's Economic Growth Due to Index Inclusion
China's economic landscape has witnessed growth attributed to its inclusion in prominent global indices, attracting significant foreign investment amid index rebalancing, providing insights into the impact of index changes on economic dynamics.
Musicians' Revenue from Healthcare Jingles
Musicians like David Patton have capitalized on opportunities in the healthcare industry, generating substantial revenue estimated at $1 million from healthcare jingles like the transformation of classic songs into profitable marketing assets.
YouTube Shorts: A Global Phenomenon
The overwhelming success of YouTube Shorts is evident with an average of 70 billion daily views, showcasing remarkable global engagement and popularity, potentially involving billions of users daily in viewing short video content.
AI Toothbrushes and Overly Engineered Innovations
The emergence of AI-powered products like $400 AI toothbrushes exemplifies the trend of incorporating unnecessary AI elements into consumer goods, highlighting an era where technology is integrated into products without significant consumer benefits.
Global Adherence to Chinese Inclusions in Indices
The inclusion of Chinese stocks and bonds in major global indices has led to increased investments in China estimated at $380 billion, showcasing the substantial impact of index adjustments on global financial flows.
Impact of YouTube Data Harvesting by Tech Giants
The utilization of data from YouTube by tech giants for AI training purposes raises concerns about data privacy and usage, potentially infringing on data policies and ethical guidelines, prompting discussions on responsible data utilization for AI advancement.
Index Changes Stimulating Foreign Investment in China
China has experienced significant economic growth with approximately $380 billion in foreign investments driven by adjustments in global indices, reflecting the profound impact of index inclusion on economic trends and capital inflows.
Healthcare Jingles - A Lucrative Industry for Musicians
Musicians like David Patton have capitalized on the healthcare industry's marketing strategies, yielding substantial revenue estimated at $1 million from transforming classic music into profitable jingles, demonstrating the financial potential in healthcare advertising.
YouTube Shorts' Phenomenal Daily Views
YouTube Shorts has garnered exceptional popularity with an average of 70 billion daily views, highlighting its vast global appeal and immense user engagement, potentially reaching billions of users worldwide.
The AI Hype Cycle and Unnecessary Technology Applications
The evolving wave of AI hype has led to the proliferation of unnecessary and over-engineered AI applications, exemplified by products like $400 AI toothbrushes, indicating a trend where technology is integrated into consumer goods without substantial consumer value.
This week, Slate Money hacks the mainframe! Washington Post tech writer Shira Ovide joins Felix Salmon, Emily Peck, and Elizabeth Spiers to discuss what’s wrong with America’s internet industry, how YouTube became the media empire no one talks about, and the promise and peril of the AI toothbrush. In the Plus segment: OpenAI is using YouTube to train ChatGPT. Is that legal?
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.
Podcast production by Jared Downing and Cheyna Roth.
