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On The Wagon
TikTok tests an in-app AI chatbot, Binance launches NFT loans, MoviePass relaunches with new tiers

Happy Friday! Paradigm, a $2.5b crypto fund, has removed all mention of crypto and web3 from its landing page. It’s now broadening to also focus on "frontier” technologies such as AI. Gotta love that conviction 👍
🌶 Highlight of the day 🌶
TikTok is testing Tako, an in-app AI chatbot. In certain countries, a chatbot button is displayed on the right-hand-side overlay of TikTok’s UI. When opened, users can ask Tako questions about specific videos or get help to discover new content 👀
Just like Snap’s My AI, if TikTok can get more users to use its in-app chatbot, it yields an additional benefit of first-party data through which they can serve better targeted ads 🎯

♨️ Hot off the press launches
Big tech
- YouTube to kill Stories as the company focuses on Shorts 
- Google starts rolling out its Search Generative Experience in beta 
- Twitter introduces a $5k per month API tier 
- Roblox expands ability to sell in-game digital goods 
- WhatsApp is working on introducing usernames 
- Snapchat’s AR filters now let users virtually paint their nails 
General and early-stage
- Twitch raises the price of its monthly subscription product 
- JP Morgan Chase is developing an AI investment advice product 
- Binance launches an NFT loans feature on its NFT marketplace 
- Flipboard announces integrations with Bluesky and Pixelfed 
- MoviePass relaunches with new subscription tiers 
🔍 Other good finds
- Gettin’ it done. How PMs can create an intentional calendar 
- Symbiosis. Neuralink gets green light from FDA for human trial 
- Romeo and Juliet. Ford EV’s to start using Tesla’s charging plugs 
🧈 Twitter nugget
AS A USER I want to see what I'm playing in 3 places SO THAT the UI is very dense and overwhelming
— luis. (@disco_lu)
8:05 AM • May 25, 2023
Thanks for reading! If you've got any comments or feedback, please hit reply - I'd love to hear from you :)
- Amol
