Welcome back! Friday was a markets bloodbath - unless your portfolio is 100% orange juice, you're likely a few dollars poorer. One silver lining was that Wealthfront increased their APY to 2.55%, meaning that $50k in the bank now earns over $100 / month. Sadly I'm not sponsored by Wealthfront 😢, but I'll gladly take every basis point to keep up the good fight against inflation.

Wait... They shipped what!?

Stable Diffusion, an AI image generator, has a new add-on that lets users easily create tiled and textured patterns.

Backstory: Stable Diffusion lets users create images like the above by simply typing in a few words. Within a month of launch, the company's already amassed over a million users.

AI generated images have began crushing us mere mortals in art competitions. Proponents argue that the likes of Stable Diffusion create new efficiencies and opportunities, while many artists beg to differ.

Why it matters: The new 'Dream Textures' add-on makes it cheap and easy to generate standard 2D wallpapers, as well as 3D gaming-style backgrounds. It's hard to see how over-time, generative AI art doesn't materially eat away at demand for human-generated stock photos.

If innovations like this are happening less than a month after Stable Diffusion's launch, what are we in for over the next few decades?!

Features & products hot off the press

Big tech

• Spotify launches 'Get Ready With Music' to craft the perfect vibe (Spotify)

• Microsoft Teams adds live translated captions to meetings (Tech.co)

• TikTok rolls out its comment dislike button to all users (TechCrunch)

• Netflix launches its Oxenfree game on iOS and Android (TechCrunch)

• Coinbase starts aggregating listings from other NFT marketplaces (Nasdaq)

• Instagram no longer breaks out shorter Stories into clips (TechCrunch)

• Tesla starts ramping up on it's Optimus humanoid robot project (Electrek)

General and early-stage

• Formsort launches a tool for product teams to optimize their flows (Formsort)

• Whalesafe unveils software that prevents whale collisions with ships (CBS)

• Wealthfront increases its cash account APY from 2% to 2.55% (Wealthfront)

• Crypto whale launches an archive of tweets deleted by crypto influencers (Cryptowhale)

• Stable Diffusion gets an add-on for 'seamless textures' and tiles (Artificial Images)

Getting 1% better at building product

• Execution - How to scrappily hire for, unlock, and measure growth. By Crystal Widjaja (Lenny's Podcast)

• Collaboration & backlog - How Pinterest supercharged it's growth team with Experiment Idea Review (Jwegan)

Other tech happenings

• Netflix switches to licensing comedy shows to reduce costs (WSJ)

• NFT startups limit in-app functionality due to Apples 30% tax (Apple Insider)

• U.S. Treasury lets companies expand internet access into Iran (VOA News)

• Apple Music takes over as the new Super Bowl halftime show sponsor (Verge)

• Roku poaches Fox Entertainment's CEO, signalling an upcoming focus on original content (Variety)

Courtesy of mindless Twitter scrolling

@johncutlefish

@ChrisJBakke

@zck

And that’s a wrap for today. Stay tuned for more!

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- Amol