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🌎 Amazon enters the AI chat

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Fri, Apr 14, 2023 10:46 AM

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Plus: Netflix shrugs off a quarter-life crisis Was this newsletter forwarded to you? April 14, 2023

Plus: Netflix shrugs off a quarter-life crisis Was this newsletter forwarded to you? [Sign up here](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/JQmNjzw3fjn3uhAZ0AMP6d5SL2bDZZ-39nk1WdmybaM=296) [Quartz](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850336049%2Famazon-enters-the-ai-chat%2F/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/lBcNTHvkH5w3PWmxbh74pHEMXNd995HuILOTD6iYW58=296) April 14, 2023 [View in browser](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850336049%2Famazon-enters-the-ai-chat%2F/2/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/VradY9vA6xKyOsmQhc_Qho5soTBvxT-lWZZs-gfIi3g=296) Sponsored By Good morning, Quartz readers! Here’s what you need to know Amazon is trying to one-up Microsoft and Google’s AI products. The company [launched Bedrock](%2F%2Fqz.com%2Famazon-bedrock-google-microsoft-generative-ai-1850336046%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/HkLg0jhW3o_thuDdDiYEK0TFydCf1nvySaKLId2T01s=296), a new service for “building and scaling” generative AI applications. Walmart agreed to sell Bonobos for $75 million. The retail giant had bought the menswear brand in 2017 [for a whopping $310 million](%2F%2Fqz.com%2Fwalmart-bonobos-sale-whp-express-1850336084%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049%26rev=1681465828424/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/ClHe_cpD8aGniKHPum0a68_4wapB5ruM-7nEBdZAcSQ=296). Luiz Inacio Lula da Silva is meeting Xi Jinping today. The Brazilian leader already visited a Huawei research center and called for a BRICS-led alternative currency to the dollar [during his trip to China](%2F%2Fqz.com%2Flulas-state-visit-to-beijing-reveals-brazils-foreign-po-1850328375%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/XdYojFN-mTCr5Uf0bRtEPRMzzI7jJduvMxXaikjxSCw=296). Manhattan rents reached a new high. Even as rent hikes [show signs of slowing](%2F%2Fqz.com%2Frent-hikes-slowing-down-in-us-cpi-report-1850327595%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/znq0iCPZFCreY87kxtzRRm63O1KgmyU9KxqwYKLko4I=296) across the US, the median rental price [hit a record $4,175](%2F%2Fqz.com%2Fmanhattan-rent-record-high-march-2023-1850336101%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049%26rev=1681467129078/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/HSE0WIcrljB4ahR2V2qIlNbZF30iNWAER6epq9MBfkE=296) in the Big Apple’s hottest rental market. Sponsor content by Hewlett Packard Enterprise [Hewlett Packard Enterprise]( The HPE GreenLake edge-to-cloud platform enables customers to accelerate data-first modernization and provides cloud services that can run on-premises, at the edge, in a colocation facility, and in the public cloud. The scalable, pay-as-you go HPE GreenLake platform delivers robust security and supports a broad partner ecosystem. Please visit: Advertisement] Netflix shrugs off a quarter-life crisis Netflix turns 25 years old this week, and the streaming giant is ready to celebrate. It’s pulling in around $11 billion more in revenue than it was in 2019, when it made $20.1 billion, and its homegrown shows since than have been [some of its most-watched](%2F%2Fqz.com%2Fthese-are-netflixs-most-streamed-shows-of-all-time-1850328354%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/M5lJIOfOOjhzrAg1VDFj3IphaMQ_byVlQYvF0rzqqcA=296) (though [we’re still waiting to actually play Squid Game](%2F%2Fqz.com%2F2076963%2Fnetflix-wants-to-turn-shows-like-squid-game-into-video-games%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/KbdydCHeB1WIgAiS6gdSFaaqTzHTxTNL8W8B4-GcVu4=296)). To be sure, the [Great Rebundling](%2F%2Fqz.com%2Femails%2Fquartz-obsession%2F2145805%2Fbundles/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/131gPQ9x1pqg-SDTee4aG_niCMI9d7o0CzJTjQvleLE=296) and the newly combined catalogs of Discovery+ and HBOMax [into Max](%2F%2Fqz.com%2Fhbomax-is-becoming-max-as-as-warner-brothers-gets-aggr-1850329604%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/NFipGfkpMrLbxahptgtrhbLPDluqIqJTmTcyCqxwxv0=296) might throw a little water on the party, but it’s a far cry from a quarter-life crisis. %2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850336049%2Famazon-enters-the-ai-chat%2F/3/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/UeOJ6VYVD6-hmMzzZkCflXAP8rIP9TAJizF-4hyOzkk=296 Graphic: (Clarisa Diaz) Jamie Dimon really, really hates remote work “They have to be visible on the floor, they must meet with clients, they need to teach and advise, and they should always be accessible for immediate feedback and impromptu meetings. We need them to lead by example, which is why we’re asking all managing directors to be in the office five days a week.” –JPMorgan Chase’s operating committee in an employee memo that requires managing directors to come back into the office five times a week. Jamie Dimon, the bank’s CEO [who may or may not ever retire](%2F%2Fqz.com%2Femails%2Fquartz-obsession%2F2161637%2Fa-beginners-guide-to-jamie-dimon/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/jLYgLCEUAc6QeiBEylUmubMo2jLFFN2ypUZ_1BUrHnE=296), is a [staunch critic of remote work](%2F%2Fqz.com%2F1993431%2Fjpmorgan-ceo-jamie-dimon-shares-his-thoughts-on-remote-work%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/GUwElKiZoT-LcjgEutR81lMjRQknSRbocEMIPhwG3OM=296), and it appears [even a hybrid setup isn’t going to cut it](%2F%2Fqz.com%2Fjamie-dimon-wasn-t-kidding-about-his-hatred-of-remote-w-1850329396%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/0QAfRhfCVQkG3a7SeZ-aAp4FGiAnKKxiziYZUSS5kfg=296). The largest financier of fossil fuels is no longer American $673 billion: Fossil fuel financing—lending and underwriting for bonds and equities—from the world’s 60 largest banks last year JPMorgan used to hold the title of world’s largest financier of the fossil fuel industry, but now [Canada’s biggest bank](%2F%2Fqz.com%2Fthe-worlds-largest-financier-of-fossil-fuels-isnt-a-us-1850332828%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/_otrLA3kDO6RFNns_4_beyAMZ7jfZ2LX_sIhFVGV50s=296) has clinched it with a whopping $42.1 billion in financing. Quartz’s most popular ❤️‍🩹 [EY is shredding its plan to split its consulting and auditing businesses](%2F%2Fqz.com%2Fey-split-consulting-audit-units-us-backlash-1850326633%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/86xDLz91uejw9vbfGvb5thTvWfRTcFZBCkbuKPN58II=296) 🐟 [Why is a Namibian fishing scandal raising a stink in Europe?](%2F%2Fqz.com%2Fthis-namibian-fishing-scandal-raises-a-stink-in-europe-1850326770%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/8V5vGfgFZhUii8XaZRncH11Bx8DZp07yerQk4WJMwsw=296) 🌧️ [Record rainfall in Florida shut down Fort Lauderdale’s airport](%2F%2Fqz.com%2Ffort-lauderdale-airport-florida-floods-record-rain-1850332861%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/43_APT9fOS1rh1dqenMM9fiICSWMEJ2HKF6Jt0ynFbc=296) 🤔 [Arkansas teens need parents’ OK to use social media, but not to get a job](%2F%2Fqz.com%2Farkansas-parental-consent-social-media-1850332827%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/8EXK2vgQOASdFcftGQwEuwknYmtG_Q1mSV01-COgZ8o=296) 😞 [A 7-week limit on mifepristone is as good as a ban](%2F%2Fqz.com%2Fallowing-mifepristone-only-until-the-7th-week-of-pregna-1850332869%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/4DjfAPe4Lp1F1BInPbLsKYs_8jH-DGugP2Uf5s_xoVA=296) 🙃 [Juul paid over $1 billion to settle allegations it neither confirms nor denies](%2F%2Fqz.com%2Fjuul-settlement-payments-us-states-1-billion-1850331749%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049%26_ga=2.191695017.2060416774.1681199041-1736400380.1659025761/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/ABJK6_1eulv_dEG0O6hRyhcU7rmML-gu66n3vts9S4w=296) Sponsor content by Hewlett Packard Enterprise [Hewlett Packard Enterprise]( The HPE GreenLake edge-to-cloud platform enables customers to accelerate data-first modernization and provides cloud services that can run on-premises, at the edge, in a colocation facility, and in the public cloud. The scalable, pay-as-you go HPE GreenLake platform delivers robust security and supports a broad partner ecosystem. Please visit: Advertisement] Surprising discoveries Meet Martin, the AI bot that couldn’t. While ChatGPT and its competitors are built to impress, the chess robot is [supposed to suck](%2F%2Fwww.theatlantic.com%2Ftechnology%2Farchive%2F2023%2F04%2Fgenerative-ai-playing-chess-martin-bot%2F673697%2F/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/KZEjJ-ocMBxe1RLQwMCJG3jpQN-RmaaBIYYAM6MWLTM=296). The company that makes Purell hand sanitizer is going up for auction. Demand for the cleaner [has bottomed out](%2F%2Fwww.wsj.com%2Farticles%2Fmaker-of-purell-hand-sanitizer-seeks-buyer-c5f98bee/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/LP_qV9GywGJG720hON331520TvIi3FVcjpE9XKx-XnM=296) from its pandemic highs. A huge logjam in Canada has tons of carbon in it. Roughly 3.4 million tons, or the equivalent of [2.5 million car emissions](%2F%2Fphys.org%2Fnews%2F2023-04-world-biggest-cumulative-logjam-newly.html/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/ptfBvtUCpnGOyuKZmeEA8ShFfQuVTRpofzZ0BGG16f0=296) for a year, to be exact. A fifth grader caught an error in a science book. The publishing house [thanked him](%2F%2Fwww.fauquier.com%2Fnews%2Farticle_3c667a48-ce8c-11ed-b500-03312dcc3a1d.html/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/DlWTNdyMC8igFBvC172O6v2KAED8ybNkXBBe_KgWsEg=296) for knowing the difference between igneous and sedimentary rocks. Square-wheeled bicycles work. It’s just like [pedaling a tank](%2F%2Fgizmodo.com%2Fsquare-wheeled-bicycle-bike-pedal-tank-wheels-the-q-1850332349/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/9hUFZAh9rPpn2yejxSPy8OdUh9TdgMX9nhuWjSDlKqc=296), if that’s the sort of thing you’re into. Our best wishes for a productive day. Send any news, comments, fifth-grader smarts, and tricycles to talk@qz.com. Reader support makes Quartz available to all—[become a member](%2F%2Fqz.com%2Fsubscribe%2F/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/FwySSsSC5zhfAq_a1C-nTE_PHZmof4ohX8UNlpd7-9c=296). Today’s Daily Brief was brought to you by Sofia Lotto Persio and Morgan Haefner. [🌐 View or share this email online.](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850336049%2Famazon-enters-the-ai-chat%2F/4/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/X8m7OJR5GCy1deU3bgIOlkqxEl9LIR60BgnK6rUvIH8=296) [📬 Check out our emails [caret]](%2F%2Fqz.com%2Femails%2F/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/r2CmNkVVYEG8Csj9CqXZtD5tlf_dEUZsvRWw1qedm04=296) [👀 Read Quartz’s latest stories [caret]](%2F%2Fqz.com%2Flatest%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/cC6v5MZnKxz7-gh5j5KjdrGMQecVv0HB5p_MU1tLnRc=296) [📈 See what stories are trending [caret]](%2F%2Fqz.com%2Fdiscover%2Ftrending%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850336049/1/010001877f5fc22a-1037db9b-fd8c-4474-9195-7696c2859bdc-000000/JJOm30K0OzgSIzD1a-2X5ek6roGSc4hv5R1DejlKv8g=296) 1290 Avenue of the Americas, New York, NY 10104 © 2023 G/O Media Inc. 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