Amazon Joins India's Commerce Race| OpenAI Release Text-to-Video Sora| Tesla To Launch Robotaxi

December 10, 2024

Amazon joins India's quick commerce race with trials for 15-minute grocery delivery

Amazon is launching a quick commerce pilot in India, aiming to deliver grocery items within 15 minutes.

The pilot will initially roll out in Bengaluru, with plans to expand based on customer demand.

Amazon joins other players like Zomato's Blinkit and Swiggy's Instamart in the rapidly growing quick commerce market.

The service will focus on delivering high-frequency essentials, leveraging Amazon's existing infrastructure. [Learn more]

OpenAI releases text-to-video model Sora for ChatGPT Plus and Pro users

OpenAI has released its text-to-video model, Sora, to ChatGPT Plus and Pro users.

Sora Turbo allows users to generate videos up to 1080p resolution, 20 seconds long, and in various aspect ratios.

OpenAI has implemented safeguards to block harmful content, such as child sexual abuse materials and deepfakes.

Tailored pricing for different user categories will be introduced early next year. [Learn more]

Tesla aims to launch robotaxi with teleoperator backup, Deutsche Bank says

Tesla aims to launch its robotaxi service in California and Texas next year, using a company-owned fleet.

Human teleoperators will provide backup for safety and redundancy purposes, especially in the initial phase.

Tesla plans to introduce a more affordable vehicle in the first half of next year, with other models to follow later in the year.

Deutsche Bank raised its price target for Tesla shares to $370 from $295 following the announcement. [Learn more]

Market Updates

  • Coffee rises to record after trader cuts Brazil crop outlook.

  • Oracle drops 8% as earnings miss expectations amid intense competition.

  • Economists increase projections for interest rate reductions and spending in China.

  • US approves over $6.1 billion in chip subsidies for Micron Technology.

  • Apple’s stock rally unabated by sluggish growth and tariff risks.

  • Google unveils new quantum computing chip.

Joke of the Day!

What do you call it when a snowman throws a tantrum?

A meltdown.

Generative AI Photo of the Day!

Credit: ChatGPT

Prompt: A charming snowman standing in a winter wonderland. The snowman has a carrot nose, coal eyes, and a big smile, adorned with a cozy scarf and a top hat. Surround him with a serene snowy landscape, complete with gently falling snowflakes and a background of evergreen trees dusted with snow. Add a touch of magic with twinkling lights wrapped around the trees and a soft, glowing sunset in the distance.

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