The Tech Trade, Positioning into the Print, and Fighting AI Plagiarism 7/24/23
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 24 July 2023
⏱️ 7 minutes
🧾️ Download transcript
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| 0:00.0 | All right, Elon Musk, rebranding Twitter to X this morning. |
| 0:05.4 | He says, no more birds, Sarah. |
| 0:07.4 | It's all part of his larger ambitions to create an everything app that combines messaging, |
| 0:11.1 | social networks and payments. |
| 0:12.8 | That's the focus of today's tech check with our dear dreboza. |
| 0:15.5 | Deardra? |
| 0:16.4 | Frank, this is something that Elon Musk has envisioned since 1999 when he found at |
| 0:20.3 | X.com and it was then that he laid out his vision for one-stop everything store |
| 0:24.8 | for all financial needs. |
| 0:26.6 | In the following decades, however, Asian companies and users, they have beat him to the punch. |
| 0:30.9 | The best or most popular example is 10 cents |
| 0:33.0 | we chat. It began in 2011 as a simple messaging and photo sharing app |
| 0:37.0 | from there moved into payments, games, shopping, even a place to book your |
| 0:41.4 | doctor's appointments. |
| 0:43.0 | Ultimately, it notched 1.3 billion monthly users who had very little reason to ever leave this |
| 0:49.7 | app. |
| 0:50.7 | It became an ecosystem in and of itself. |
| 0:52.4 | And that's what companies here have been trying to replicate from there the possibilities |
| 0:56.4 | monetization data collection they expand network effects switching costs those lock in user sellers and advertisers. |
| 1:04.0 | A Wald Garden is created where the app's algorithm personalizes and is able to cross-sell |
| 1:08.9 | to each user. |
| 1:10.3 | Elsewhere in Asia, Super App Save, taken off as well. |
... |
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