The Biz Model Club Newsletter

Hello, Biz Enthusiasts!
Today’s edition is packed with exciting developments: OpenAI’s acquisition of Chat.com, Netflix’s ad-supported tier hitting new heights, and Apple’s rumored smart home camera. Dive into StackBlitz’s rapid ARR growth, Nvidia’s strategic investments, and Slack’s latest insights on AI hype cooling off in the workplace. From Marslink to Mars, Gen Z’s favorite apps, and the VW-Rivian EV joint venture, get up to speed on the biggest moves in tech and business this week!

Quick Takes

1. OpenAI Buys Chat.com
OpenAI now owns the premium domain Chat.com, adding another high-profile address to its collection. The site redirects to ChatGPT, signaling a brand expansion – though no price details were shared. Read more.

2. Workforce Index Shows AI Hype Cooling
Slack’s latest Workforce Index reveals enthusiasm for AI is leveling off, with employees citing workload worries and limited training as barriers. Meanwhile, 99% of executives still plan AI investments in 2025. Details here.

3. OpenAI Pursues Smarter AI Models Amid Limitations
With current methods reaching limits, OpenAI is exploring new, more “human-like” ways for algorithms to learn, aiming to reduce dependency on chips and energy. Learn more.

4. StackBlitz Reaches $4M ARR in Weeks with AI-Powered Web Development
StackBlitz’s AI-driven platform Bolt, powered by Claude, hit $4 million in ARR within four weeks, helping developers go from idea to deployment in a click. More here.

5. Nvidia Keeps Investing as AI Competition Rises
Nvidia remains the top AI chipmaker, but with competition increasing, it’s doubling down on investments, focusing on “hard tech” companies to sustain its edge. Full story.

6. Substack Raises $10M for Expansion
Substack quietly raised $10 million, bringing in strategic investors to help it expand offerings and continue supporting creators. More details.

7. Amazon Tests Smart Glasses for Faster Deliveries
Amazon is experimenting with smart eyeglasses for its drivers, aiming to improve navigation and cut delivery times, though battery life remains a hurdle. Read on.

8. Apple’s Smart Home Camera Rumored for 2026
Apple is reportedly developing a smart home camera powered by “Apple Intelligence,” expected to hit the market by 2026. It could mark Apple’s deeper entry into smart home tech. Get the scoop.

9. Meta Partners with Universities to Test VR in Education
Meta has teamed up with U.S. and U.K. universities to test VR tools in classrooms, part of its push to mainstream VR. Its digital twin “metaversities” are also expanding into Europe. Read more.

10. SpaceX Plans Starlink-Like Network for Mars
SpaceX pitched NASA on a Mars orbiting network called “Marslink,” mirroring Starlink’s Earth coverage to support Martian exploration. Details here.

11. Netflix’s Ad-Supported Tier Hits 70 Million Users
Netflix’s $6.99 ad-supported plan has skyrocketed to 70 million monthly users, accounting for over half of new sign-ups in supported regions. Full story.

12. Nvidia Leads AI Chip Market but Faces More Competitors
Nvidia still dominates the AI chip market with up to 95% share, but competition is intensifying as startups and cloud providers ramp up their offerings. More details.

13. Apple’s AirTags to Share Location with Airlines
Starting in December, Apple’s “Share Item Location” feature will allow AirTags to securely share luggage locations with airlines, aiming to reduce lost baggage issues. Read on.

14. Gen Z’s Top Apps of 2024 Revealed
According to Appfigures, Gen Z’s most downloaded app this year was Temu, indicating a strong preference for affordability and gamification in e-commerce. Learn more.

15. Touch Screens Out, Buttons In – Even for Apple
Buttons are making a comeback, with Apple’s new iPhones featuring physical controls and other brands following suit, answering demand for tactile interactions. Details here.

16. Perplexity Adds Ads to Its AI Search Platform
Perplexity will now feature ads in the U.S., with sponsored follow-up questions. The move aims to provide revenue while maintaining unbiased, AI-driven answers. Check it out.

17. VW and Rivian Kick Off $5.8 Billion EV Joint Venture
VW and Rivian have officially launched their joint EV venture, pooling resources to create new electric vehicle software and architecture for upcoming models. Read more.

18. WSJ Tests AI-Powered Article Summaries
The Wall Street Journal is testing AI-generated summaries in a “Key Points” format at the top of articles, aiming to give readers quick insights. Learn more.

That's a wrap! Stay tuned for more insights and updates as we track these changes together in the days ahead!

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