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TL;DR

In a hurry? Here's our pick of the top news items of the week.

  • TikTok unveiled a new rewards app called Coin App that's designed to help the platform boost growth among people aged 18 and older across Europe. (The Information)

  • OpenAI and Meta are on the brink of releasing new AI models that they say will be capable of reasoning and planning. (Financial Times)

  • Premium ChatGPT users, customers paying for ChatGPT Plus, Team or Enterprise, can now leverage an updated and enhanced version of GPT-4 Turbo. (Tech Crunch)

  • Humane released its Ai Pin, a $700 tiny computer featuring a virtual assistant pulling data from OpenAI. (NYT)

Audiences

  • 42% of Canadian households did not have a TV subscription with a traditional provider by the end of last year; meanwhile, more than 80% of households subscribe to a streaming service. (CP24)

  • While half of Americans are interested in the Apple Vision Pro, 76% are "not likely" to buy the gadget. (NextTV)

  • 54% of Gen Zs and Millennials globally believe they get better recommendations for TV shows and movies to watch from social media than from SVODs. (Deloitte)

Platforms

  • TikTok’s looking to launch a clone of what Instagram originally was, called TikTok Notes, for photo posts. (Social Media Today)

  • If TikTok is banned by the US government, ByteDance still has the option to resell the platform for one year. (Social Media Today)

  • Showtime's streaming app will shut down at the end of April, and its content will be folded into Paramount+. (Variety)

  • TikTok is working on a new feature that would let brands deploy virtual influencers to sell products via videos and live streams in the app. (Social Media Today)

  • Roku is looking into serving users ads on whatever they plug into its TVs while their third-party device is paused. (Engadget)

Content

  • MLB’s season-opening double header in Seoul drew 17M TV viewers in Japan. (Sports Business Journal)

  • Premier Sports has relaunched in the UK after a Viaplay takeover. (Sports Pro Media)

  • Margot Robbie is set to partner with Hasbro for a new film based on the board game Monopoly. (Guardian)

  • Starting with users on Android and iOS devices in the United Kingdom and Australia, Spotify is launching prompt-driven AI playlists. (Spotify)

Tech & AI

  • Meta’s updating its AI content labels to ensure that a broader range of synthetic content is being tagged. (Social Media Today)

  • Adobe has started buying videos to build its AI text-to-video generator and keep up with the competition. (Bloomberg)

  • Meta is testing Meta AI, its LLM-powered chatbot, with WhatsApp, Instagram and Messenger users in India and parts of Africa. (Tech Crunch)

  • Dyson’s latest model is compatible with an AR app that shows you where you’ve vacuumed. (The Verge)

Location-based entertainment

  • 2024 might be a slightly slower year for Coachella as AirBnb and VRBO bookings for the two-weekend festival are down 26% from last year. (SFGate)

  • Fanatics wants to do ComicCon, but for sports, so it's hosting a three-day event in New York City this August called Fanatics Fest. (CNBC)

  • April is jam-packed with Broadway openings, with 14 taking place over the course of 11 days. (THR)

  • Disney is overhauling its Disability Access Service program to help ensure it reaches its intended audience. (USA Today)

Travel & hospitality

  • The World Travel and Tourism Council expects that 2024 will shatter all previous records for the global travel industry with an estimated $11T of expected spend. (Travel Pulse)

  • Private dining is expected to continue trending in 2024, and as the movement grows, restaurants are expanding their offerings in creative ways. (Hotel News Resource)

  • Surge pricing is becoming more pervasive in the travel industry, confusing travelers who are looking for the cheapest route to their destination. (Nerd Wallet)

  • The number of American restaurants offering 24-hour service fell 18% from 2020 to 2024. (CNN)

Gaming

  • Amazon’s adaptation of "Fallout" premiered to strong reviews, with news outlets hailing it as “an absolute blast of a TV show.” (The Guardian)

  • Apple announced that retro game emulators will be available via the App Store. (Gameindustrybiz)

  • Lara Croft was voted the most iconic character ever by the Bafta Games Awards. (BBC News)

  • Roblox introduced programmatic ads for video gamers. (Fortune)

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