With the help of Amazon's Alexa, Smart Kitchen appliances are getting smarter. Amazon announced expanded abilities for its voice assistant to control kitchen appliances and made an investment in June. Matt Van Horn, Co-Founder & CEO of June, the maker of smart ovens, was with us to share how the investment will help the company.
Currently, you can ask Alexa June for an ETA of when food will be done cooking, says Van Horn. With the expanded capabilities through Amazon, users soon won’t have to address June specifically. He explains how the engineering team always has to think about the different use cases and possible voice commands. When they first built the oven, they thought a lot about voice. June considered putting a microphone inside, but ultimately decided not to, Van Horn said.
Van Horn breaks down the target audience June is going after. He says he sees a mix ranging from busy parents to millennials moving into new homes. He recognizes there is potential competition from big players in the space. Van Horn says he is starting to see some products that are taking a play out of June’s book. He says they have a head start, but stresses that June products get better the more you use them because of the software model.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
