Thursday’s top story: Microsoft has withdrawn its observatory seat on OpenAI’s board, with immediate effect.
👀 Microsoft's shock exit from OpenAI
📩 How to organize your inbox with AI
📱 Samsung copying Apple?
🖊️ How to create documentation with AI
🔍 How to conduct a brand audit with ChatGPT
🎯 Amazon reveals no-code app tool
Read Time: 5 minutes
📲 Apple pulls ahead of Microsoft in the race to become the first $4T company. Closing the session with a + 1.88% gain, Apple is on a 7-day high. The AI-enhanced iPhone 16 may help them sell more devices. Learn more.
Our Report: Eight months after taking an observer, non-voting position on OpenAI’s board, Microsoft has withdrawn its seat.
🔑 Key Points:
To explain its withdrawal, in a letter to OpenAI, Microsoft said that it’s seen “significant progress by the newly formed board” and “no longer believes their “limited role as an observer is necessary."
However, reports say that Microsoft has actually withdrawn its seat due to growing regulatory scrutiny from competition regulators about whether its partnership with OpenAI is harming fair competition.
OpenAI is grateful for Microsoft’s “confidence in the direction of the company”, but says there will not be any more observer seats, squashing last week’s rumors about Apple taking such a position.
🤔 Why you should care: Following Microsoft’s $13B partnership with OpenAI, similar partnerships are coming under scrutiny, with the Federal Trade Commission (FTC) looking at the relationship between Anthropic, Google, and Amazon, while the UK’s Competiton Market Authority (CMA) is examining Microsoft’s bond with Mistral and Inflection AI.
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Our Report: At its ‘Unpacked 2024’ event, Samsung unveiled new products—including smartphones, smartwatches, and earbuds—and debuted the latest versions of its foldable phones: The Galaxy Z Fold 6 and Galaxy Z Flip 6, and they’re all packed with AI features.
🔑 Key Points:
“AI” was mentioned 25 times in the new device announcements, with a key update coming from Google’s Gemini, which is powering ‘Circle to Search’, allowing users to search by circling words, images, or videos.
Other AI features announced include a note feature that transcribes, translates, and summarizes voice recordings, a PDF translation tool, and a writing tool that “reflects your tone by analyzing previous content.”
The additions from Google’s Gemini further cement the relationship between Samsung and Google, as they join forces to stand up against their biggest rival, Apple, recently also collaborating on a new Wearable OS.
🤔 Why you should care: Despite buddying up with Google to slow Apple’s dominance, some believe that Samsung has simply copied Apple’s recent product updates, many of which were announced at their Worldwide Developer Conference in June, calling the updates ‘disheartening.’
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Our Report: Amazon has finally thrown its hat into the AI ring by announcing a new tool–called App Studio–that’s built on multiple AI models (including Amazon Titan and Anthropic) and builds enterprise software applications from written prompts, with no coding experience necessary.
🔑 Key Points:
Currently only available in preview, users can describe the type of application they need and the data sources they want to use, and the App Studio will write the code, with no need for developer influence.
The system comes with example prompts to help the user build their application (these can be overridden) and details what the app will do, based on the user’s written prompts and description
App Studio is aimed at technical people who lack coding skills but understand what internal software applications they need to build, such as inventory-tracking systems or approval processes.
🤔 Why you should care: Although AI developer tools like this already exist, Amazon says that App Studio is different because it’s incredibly user-friendly, easy to use, and comes with “no learning curve” unlike similar tools that require users to build up expertise, over time, while using them.
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Until next time, Martin & Liam.
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