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0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. GPT-4 Turbo, lower prices, custom GPTs announced at OpenAI's DevDay
Pricing for OpenAI's APIs was cut across the board:
GPT-4 Turbo has a 128K context window, vs. 8K and 32K of GPT-4 and 100K of Anthropic's Claude-2.
Trained on information until April 2023, vs. Sep. 2021 of GPT-4.
Available in preview, rollout over the next few weeks.
The new Assistants API will help developers build AI agents within their apps.
100M weekly active users (WAUs) are on ChatGPT.
OpenAI is promising to defend clients against copyright lawsuits in what it's calling Copyright Shield.
DALL-E 3 and new text-to-speech APIs were also announced.
GPT Builder allows anyone to create their own chatbots
A GPT App Store will be available soon, and creators will get paid everytime someone uses their GPT
Our view: OpenAI is killing startups and expanding its moat
Like Apple, OpenAI is launching features and killing startups at the same time. Be careful building products that are mere features of OpenAI's products.
The GPT App Store brings further gains of scale/networks effects to ChatGPT, enhancing OpenAI's moat over its competitors.
Watch OpenAI's DevDay Keynote
2. WeWork files for bankruptcy in U.S., Canada
Once valued at $47B, the stock was -99.8% from its 2021 high, before being halted:
92% of secured noteholders agreed to convert their $3B in debt into equity.
Equity holders will likely being wiped out.
$13B in lease obligations will be renegotiated.
WeWork had been trying to reduce leases, but never managed to reach profitability
Sportradar gathered marketing leaders from companies including FanDuel, Meta, SNAP, and the NHL to share and exchange ideas at the Sportradar Connect US ad:s Summit.
Enjoy three insight-packed sessions centered around Omnichannel Marketing, Paid Social, and Sponsorships from the Sportradar Connect: US ad:s Summit and explore the hot topics of advertising and marketing in the sports industry.
The Sportradar Connect US ad:s Summit is now available for the first time ever on-demand. Watch now to uncover the latest sports marketing solutions. - Sportradar
*Sponsored.
4. SpaceX's revenue expected at $9B in 2023, $15B in 2024
