Weekly Business News for May 24 | Open AI Faces Lawsuits
Weekly Business News for May 24 | Open AI Faces Lawsuits  
Podcast: Right About Now with Ryan Alford
Published On: Fri May 24 2024
Description: Instagram has surprisingly surpassed TikTok in user acquisition for video content, becoming the preferred platform for businesses to invest their advertising dollars. While TikTok boasts a vast audience that businesses should not ignore, Instagram currently offers a more lucrative opportunity for ad spend.Hims has introduced a new drug similar to Wegovy at a price 85% lower, signaling a trend in the telehealth industry. Other telehealth companies are likely to follow suit, offering discounted weight loss injections. The rapid growth of the telehealth industry is expanding access to affordable, on-demand care for more people.Don’t miss out on these intriguing discussions and Ryan and Chris’ thoughts and opinions surrounding these issues. The world is changing and if you want to stay informed of every new update, come back every Friday for our news of the week episode right here on Right About Now with Ryan Alford.TAKEAWAYSAI's impact on content creation raises copyright concernsLegal battles over AI companies using content without citationEthical implications of repackaging original content without permission or creditGPT-4o release combines text, vision, and audio processing, further complicating content reshaping and repurposing issuesInstagram surpasses TikTok in user acquisition for video contentBusinesses prefer Instagram for advertising spendTikTok's vast audience remains important, but Instagram offers better ROI on ad spend than TikTokHims releases a new drug similar to Wegovy at 85% lower costOther telehealth companies are likely to start offering discounted weight loss injectionsRapid growth in telehealth expands access to affordable, on-demand careTIMESTAMPSThe introduction (00:00:00) Introducing the show and setting the stage for the conversation.Retail numbers and gardening (00:04:12) Discussion about retail numbers, DIY projects, and gardening experiences.Impact of AI on content creation and copyright issues (00:12:29) Exploration of the impact of AI on content creation, copyright issues, and the legal disputes related to AI-generated content.Announcement of GPT-4o (00:21:46) Discussion about the announcement of GPT-4o, its features, and availability to users.The omnipresent GPT (00:23:08) Discussion about the advanced capabilities of the GPT technology and its potential impact on society.Concerns about AI and technology (00:24:09) The hosts express concerns about the potential negative consequences of advanced AI and technology, referencing movies like "Westworld" and "Terminator."Instagram vs. TikTok for marketing (00:29:08) Comparison of the effectiveness of Instagram and TikTok for user acquisition and marketing, based on survey data and personal experiences.Telehealth and wellness (00:33:54) Discussion about the democratization of personal health and wellness through telehealth services and the affordability of prescription drugs.Business opportunities in telehealth (00:37:23) Exploration of the potential for personalized medicine and the business opportunities in the telehealth and wellness industry.  If you enjoyed this episode and want to learn more, join Ryan’s newsletter https://ryanalford.com/newsletter/ to get Ferrari level advice daily for FREE.  Learn how to build a 7 figure business from your personal brand by signing up for a FREE introduction to personal branding https://ryanalford.com/personalbranding.  Learn more by visiting our website at www.ryanisright.comSubscribe to our YouTube channel  www.youtube.com/@RightAboutNowwithRyanAlford.