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

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- Amol