Lots has happened this past week in the tech world! With OpenAI debuting new products, Tesla introducing a restyled version of Model 3, Amazon laying off more than 500 employees, and more, there’s much to catch up on. So, let’s get started!
OpenAI Debuts New Products
On Jan. 10, OpenAI introduced two new tech offerings to its users: the GPT Store and ChatGPT Team. These developments highlight OpenAI’s determination to quickly advance its product lineup to surpass competitors like Anthropic, Google, and Meta.
Both the ChatGPT Team and the GPT Store will serve as revenue streams for the company. Although they have been in development for some time, the GPT Store had been temporarily delayed until now due to Altman’s brief removal and the subsequent board reshuffling.
Introducing ChatGPT Team: A new plan for teams of all sizes with access to advanced models and tools, business-grade data privacy & security, and the ability to create and share custom GPTs.
— OpenAI (@OpenAI) January 10, 2024
Upgrade from your ChatGPT account.https://t.co/GKbuWFEaBo
Tesla Introduces Restyled Version of Model 3
On Jan. 10, Tesla introduced the redesigned version of its Model 3 compact sedan in North America, maintaining its prices, months after the vehicle gained strong demand following its launch in China and Europe.
This move aims to rejuvenate Tesla’s aging vehicle lineup in its largest market. The updated versions of the long-range and rear-wheel drive Model 3 variants tech feature enhancements like a rear display for backseat passengers.
Amazon Lays Off More Than 500 Employees
Amazon will be laying off 500 employees in its Twitch livestreaming division, per Twitch CEO Dan Clancy. Clancy clarified that these layoffs are part of an initiative to “rightsize our company” and align the workforce with the current business scale.
This marks the third round of layoffs at Twitch in less than a year, following staff reductions in March and October of the previous year.
X to Launch Peer-To-Peer Payments in 2024
Social media platform X announced plans to introduce peer-to-peer payments later this year to enhance user utility and commerce opportunities. The blog post did not provide specific details on the payment mechanism or the official launch date.
X Payments LLC, the payment subsidiary, has secured money transmission licenses in 14 states, according to the Nationwide Multistate Licensing System. Musk, envisioning X as an “everything app,” has been implementing substantial changes since acquiring the company for $44 billion in 2022, with a focus on integrating various functionalities, including financial management.
Nintendo Expected to Launch the Switch 2
Analysts believe that Nintendo is poised to unveil a new Switch console this year, seizing the opportunity to capitalize on the popularity of its iconic characters like Mario and Zelda. The original Nintendo Switch, launched in March 2017, introduced a hybrid tech concept, allowing gamers to transition seamlessly between TV and portable gaming.
With 132.46 million units sold, it’s Nintendo’s second-most successful console. The anticipated “Switch 2” is expected to continue the hybrid model, incorporating upgrades to console capabilities and controllers. Analysts anticipate a significant advancement rather than a mere upgrade, given the success of the Switch over the past seven years.
