The Week of November 10, 2023 Marketing and Business News: Elon Musk’s AI Chatbot ‘Grok’ Will Only Be Available to X Premium+ Subscribers
Welcome back to The Radcast! In this episode, we unravel the headlines that matter, from the surprising legalization of recreational marijuana in Ohio to TikTok's shift away from its $2 billion Creator Fund. Brace yourselves as we explore the fascinating revelation that Brits rank as the third biggest drinkers globally, just behind an unexpected nation. But that's not all – Instagram is making waves by testing a feature to let you turn off read receipts for DMs, and Elon Musk's AI Chatbot 'Grok' is making headlines, but there's a catch – it's exclusive to X Premium+ subscribers. Stay tuned as we unpack the dynamic changes in the TV ad market with Warner Bros. Discovery restructuring its sales organization.
If you want to stay ahead of the game in the ever-evolving business and marketing industry, tune in and listen to The Racast. Like, Share, and leave a review to let us know you're with us on this exciting journey of discovery!
- If Ohio is legalizing recreational marijuana (00:58)
https://www.nbcnews.com/news/amp/rcna122098
- HAMMERED HOME Brits are third biggest drinkers in the world missing out on top spot to unlikely nation (05:35)
https://www.the-sun.com/health/9572109/worlds-biggest-binge-drinkers-revealed/
- TikTok Is Phasing Out Its $2B USD Creator Fund, Launches the New ‘Creativity Program’ (09:45)
https://hypebeast.com/2023/11/tiktok-creator-fund-replacement-creativity-program
- Instagram is finally testing a feature to let you turn off read receipts for DMs (12:57)
https://techcrunch.com/2023/11/07/instagram-is-finally-testing-a-feature-to-let-you-turn-off-read-receipts-fo r-dms/
- Elon Musk’s AI Chatbot ‘Grok’ Will Only Be Available to X Premium+ Subscribers (14:32)
https://hypebeast.com/2023/11/elon-musks-ai-chatbot-grok-x-premium
- ChatGPT continues to be one of the fastest-growing services ever (16:50)
https://www.theverge.com/2023/11/6/23948386/chatgpt-active-user-count-openai-developer-conference
- As TV Ad Market Stumbles, Warner Bros. Discovery Restructures Sales Organization (21:08)
https://www.hollywoodreporter.com/business/business-news/warner-bros-discovery-restructures-advertisi ng-2023-1235547801/
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You're listening to the ride cast, a top 25 worldwide business podcast. If it's radical, we cover it. Here's your host, Ryan Altered. What's up? Welcome to the latest edition of the rad cast. It's Friday, November 10th, 20, 23, or weekly business and marketing news, whatever the hell else we want to talk about. Join my co-host, my friend, my chemisabe, Chris Hansen. What's up, brother? What's up, man? How are you today? Oh, if I was any better, it'd be illegal. I love that. I love that. I feel like I'm high on life. Just like my friends at Ohio Friday, oh, yeah, let's talk about that. Hey, I played to start somewhere else, but since I was high on life, I'm like, Ohio voted this week, not to legalize medical marijuana. That's already legal there. Recreational marijuana will go on sale December 9th into Ohio, dude, it's coming like a wave. It's coming. It's coming quick. I saw this and it hit my writer and I'm like, okay, we're business and marketing show. We do a little small talk here, but the business of marijuana is about to explode. And here's what caught my attention. I feel like there's these tipping points with certain things in industries and with like things changing persona. You think about Ohio, at least me, grew up in South Carolina, good old Midwestern state, right? Ohio, you think conservative. We're having our beers on a weekend and we're saving up for life. That might be stereotyping, but I think that's just generally, I think they embrace that too. Hardworking culture, middle America, but damn, we're going to get high now. So here's the thing, if Ohio is legalizing recreational marijuana, I think it's just tipping point of the wave, if we were riding, go and go, okay, it's coming. I think we're about right here when Ohio legalize that 100% saying that 2024 floater Nebraska South Dakota will have the recreational vote on the belt as well. So yeah, then we'll be at half the states because we're at like 2324 states now recreationally. So we'll be at 25th, half the union, the train is left the station. It has. And so, okay, I'm not, and I'm not here advocating really for or against it. It's hey, we're, we're governed by the people, for the people by the people. Right. Whatever the people say. My personal pain is regularly the shit I have it makes a money on it. Yeah, yeah, tax it. Yeah, people are going to do it anyways. You might as well. Yeah, don't let my kids have access to it, treat it like alcohol. It seems to kill a whole lot of people. So we're crowding our jails with people. They're selling or smoking marijuana, they won't be smoking it, but they won't be selling it anymore. Who sells beer out of the house? And who's more likely like when, because the opposition a lot of these times is, oh, it's going to be, we're worried about kids is, I think the dispensary that you have to show a 21 ID and up is going to be a lot more discretionary on selling the kids than, yeah, the guy at the parking lot. I've never heard of a kid that's walked into dispensary and gotten weed. But I hear a lot of them that get it from the after school special guy, you know, and who's regulating that market? Yeah. Laced with the guys, KG Nells and it exactly, I don't know, I just think it's fascinating. And it's, I think the sign of the wave about to smash, like we got a lot of 65 year old men and, and watch it in DC living and guiding a lot of things that don't match up with reality at today. Yeah. 100%. We'll see where it goes. And I don't even personally smoke. I did in college, but it's not about, but it's something to say, you said, you know, like, like you said, depending what state you're in, we have guys, Dylan Jill for marijuana fences. And then other states I can walk in and buy a chocolate bar with lavender and it's, let's just do it financially makes sense at the very least. Yeah. And they should let the, if someone is in jail and that's all they've, like literally all they've done, no, no violence, like sometimes there's like these add on things, like if someone was a violent criminal and a weed seller, yeah, keep them locked up. But and this is what people said, he knew it was a crime at the time. So he broke the law and he's in jail. We don't have laws. We have anarchy. You know what? It doesn't mean the law was right. And we're starting to overcome that. So anyway, we'll see where it goes. Speaking of getting hammered, hammered home, it's not this is interesting. Hey, we like to warm you up a little bit. Hey, we got a butter you up before we give you all the business and marketing. Hu ha. We got a butter you up with some interesting. And finger however you want to go, but it's the holidays usually a lot of boozing around the holidays, like it love it or hate it, not saying we support it, but these are facts. We support the facts. So there's an article. Absolutely. It's about the countries in the percent within the country that have had six or more drinks in one sitting over the last month, if they've had six or more drinks in one sitting in less than a percent. And I thought the US was going to be higher on this list. I won't lie. But it actually surprised me because I think of this, who was number one is a fairly that kind of healthy country. I think of them in them like the winter games and I don't know, like everything. So number one, Denmark with 37% of people in the country that get legally drink at six a week. That's pretty high. That's what you're leaning towards half, you're closer to half than you're not exactly. That's exactly what I was saying. I was like, let's all let's acknowledge the beer over there is typically like eight to 10% per serving as well. This isn't about like next. No, the thing that he laid boys. No, it's just like three X. What do they call those things? Gravity, gravity bongs, gravity beers, yeah, Romania, I can get, I can understand Romania. I think I'd be a little depressed drinking if I was there. 36% and no, look, if you, we love you if you're in Romania, listen to the red cast, don't mean it personally. It's just I just don't know much going on there other than what they're really good at genetics. Yeah. Yeah. So 36, this made sense. The UK 35% talking to the UK. So just for we all know, some in our podcast video, that's all you're all the ones and twos and I came in here to my left. There's three of us in here. If you're at 35 to 37, it means that one of us definitively one of three in the whole country is having six or more drinks every month in one city. I want to know how big this study was because I feel like in my circle of friends, I feel like they're having six drinks or more three nights a week. Yeah. That's all circles. That's why I'm like, I don't know if I trust the US tax and let's be clear. There's no judging. I would just based on beer drinking alone. I probably I definitely fall in this. So no judging here is just surprise, no, the volume. Yeah. Why is it American number one? We like to be the winners. Yeah. America's all the way down to number 10 at 20, only 23% I'm good for America. I'm proud of us 23% ice lands at number nine, 24% Ireland, 25% would have thought Ireland a little higher. Australia, 26% Belgium, 28% that makes sense, Belgium beer, that's all you think about right. Germany, 3% Luxembourg, we got a lot of the Western cultures. You don't see no Japan, no China, nothing in Africa, obviously no Middle Eastern countries because they don't drink alcohol for the most part. Yes, exactly. I thought Japan, I for they can get down, yeah, not the top 10. So there you have to get their numbers up, but that was interesting for everyone out there. Hammer and Holmes, the name of the article, we'll have a link to it in the show notes. Moving on, some of our marketing and business news, TikTok is phasing out. It's $2 billion US dollar creator fund and launches the new creativity program. They launched it, the creator fund was launched in 2022 to help its users drive the income from their content. The fund started with 200 million and it rapidly grown over the last three years, upwards of $2 billion from which creators were paid, platforms has announced to be shutting down the creator fund in lieu of a new scheme. Interesting. It was worth it, called the creativity program, sign the help creators foster the creativity, generate higher revenue potential and unlock more exciting real world opportunities. It sounds like a way to lower how much they pay people. What do you think? That's exactly what it sounds like. Let's cut the fees and change the name, yeah, let's give them some digital NFTs. I was like, we'll give them some free courses on creating better content. Yeah, we're going to give them more digital art and more emoji. You guys get extra access to special emojis. Yes. Real world opportunities. All right. Let's see how that comes together. I commend them for doing it. You're wrong. I committed them for paying it with the creator fund. I just, yeah, I'm cynical and a marketer. And so when you change your name and you don't have numbers attached to it, but you say what it used to be, we'll just see about that Instagram's actually coming back out with because I got it, I got a notification because I get, I'm on the bonus real plan, brother. I was getting a few hundred dollars, I was getting like $500 a month from that thing. They shut it down like six months ago. They said I noticed they're going to put it back in place here in November, December. I'm going to be cash and get a big money again, boy, get into PayPal, a matter of time or business. I bend. Yeah. Exactly. That's what I'm going to do. That's how was that prime one post for? I was going to say it would cover your kids prime habit for about a week because of those sports drinks for the boys. Exactly. Man, that's shit. That's a fads up. I'm telling you, that's when you got four like four boys, we got the gas station. That's a $27 trip every time. It's like primes. Offers you hydration. Yeah. Candy and the protein bar or something and it's like, what, $27. Did we get gas? We didn't even get gas. I mean, the offer to household is like a consumer, like a marketer's dream, head of the household. How much spending we do at convenience stores, could buy them with grocery stores. So if you want to be marketing someone, you need to be marketing to my kids and my wife. It's six deep. Every time family, the household check, like you go to the restaurant, we can't get out of McDonald's for less than 80 bucks. Anyway. First of all, problems. Better go on that creator fund. Go on that. I know. I know. Over on TikTok, start feeding these babies. Instagram is finally testing a feature to let you turn off read receipts for the DMs. I hope you people don't know if you've read it. Instagram is asking a new feature allows you to turn off read receipts for direct messages. This means that even if you've read a message, the sitter won't see the scene label below it. They won't know that you've read it so you can't say, I didn't see that. I know. That's essentially what it is. I used to get people. I don't believe in more. I think people know get enough 400 DMs a week, but it's yeah, I would get people, I saw where you read my thing. I didn't respond. Yeah. They give you an attitude if you didn't reply. I've had that too. It's been a while. It's gonna be why I'm like, yeah. Just because I read it, doesn't mean it was worth your response. Yeah. But yeah, it's cardably, we can't turn that off. It's annoying on I guess you do that on text messages too. I'll get that I'll be like, I'll get people that send me a text and I'll respond to them and I'm like, I'll see they still have that on. I'm like, I don't like it. I have mine off. I don't, I've never been a fan of it. Yeah. So I welcome this edition, honestly. Yeah. I feel like it's one of those things. They've already had ready to go that they've been sitting on for probably two years and they're like, let's just hold on to that and make a news article and get us in the press again. Yeah. We wouldn't be complete in our news edition without a mention of Elon Musk. So here we go. Elon Musk. What do we got from Elon Musk? Is the AI chatbot, GROC, GR, OK, not to be confused with GROC, yeah, for you newly in Patriot fans, GROC will only be available to X premium plus subscribers. Elon Musk start up a X AI has unveiled its own chatbot called GROC, currently a beta testing with a select group of users, GROC will be exclusive to X premium plus subscribers. Once it exits beta, offering real-time access to information via the X platform, GROC is touted to incorporate humor in its response, reflecting mustow. More details about GROC's public launch will expect it soon alongside reports of X selling recycled handles for $50,000 US dollars. It's a good money maker. Yeah. When your company loses half its valuation, you got to make that money up somewhere. But to have to price tag, some of these articles come out, I always want to give the marketing spin to it. It's like, until it comes out, I know exactly what the hell it's going to do, it's hard to know. Like, it could be the greatest thing ever. If it's like funny, entertaining, it provides value, OK, I understand why you have to pay for it and be a premium subscriber. But if it's some shitty chatbot, like a lot of most of them are, then I'm like, yeah, I'm going to make people pay for some of the sucks. But it's more of the fact that everywhere you turn, it's AI, chat, this chat, GPD, bot, that, everything's getting automated. If you want to learn from me directly, join my newsletter, ryanoffer.com, backslash newsletter. Sign up. I give daily advice on marketing, personal branding, podcasting, life. Give that a shout. Join that. It's free. Staley, just like this show, give away our best advice, speaking of which, chat, GPD continues to be one of the fastest growing services ever. And less than a year, chat, CPT hit 100 million weekly users and over 2 million developers are currently building on the company's API, including the majority of Fortune 500 companies. Damn, why don't we think of this? Those are symptoms. Why don't we have generative AI as part of our business development plan? It seems so simple. No. Yeah. Now that someone has done it, it sold a billion dollars worth of it. It's not damn. You should have made that robot, knew how to predict it. That robot that can reply. Yeah. And that was how to essentially chew up everything that's on the internet, everything that's ever been done and recurgitate it. And sometimes really well, and a lot of times in a way that's starting to sound all the same. Yes. 100%. I think I can say that. I think I should come out with a test. I want to take this test. Give me 20 things that are written by chat, GPT and 20 things room by human beat, like a good writer, like I get to name the writer, because I know good writers, and I will bet you $1,000 hard cash that could pick out 75% or more of it. I agree. I think at this point I could do, it has a style I feel like that just is inauthentic. Here's what I think, you know, if you're listening, here's your value for the day. You can use chat, CPT to write. Here's what it's really good at. It's really good at ideation, starting and research. So you can, so if you're trying to think of a marketing campaign, a business idea, and you have the start of your concept or the business, the premise, you can feed some of those thoughts and ideas into chat, GPT, for sharing other positioning, competitive pressures. You can ask it questions related to that that gives you summarized information. That's a great use of chat, GPT. That's how I use it now is thinking about something, and I think it's clever, like most of the things that I think about, I think it's clever, and chat, CPT reminds me, it's not. Unfortunately, that's about 20% of it's not as clever, about 80% it's not. I think it is, and then, but I'll use it for research, and for expanding on an idea. It might give me a few more, if I was writing a book, this is where, again, not to write the book for me, but it's sometimes as hard to turn like an idea into multiple thoughts and an organization structure, like 10 parts. It helps me like brainstorm, I feel it's like someone else bounced off of two degree. Yeah, exactly. It's like having another person there. Yeah, me and my robot friend. That's going to be the erasing though. Someone in there who I said, you're going to have, you're going to have Storm 2. Storm 2 is going to be a little doggy robot that's like your chat, GPT friend. Literally, like my personal assistant slash pad, slash, yeah, it'll take Storm 1 for a walk that he doesn't really want to do. I would like to see that. I could have cloned him. Yeah. So that's the thing for those listening, Chris has a chocolate lab, correct, Storms chocolate, right? Yes. Yeah, chocolate. Yeah. Chocolate lab that loves that you'd usually hear him eating right about now, grinding it out in his dog bowl, but he's mad at Chris having his brunch. Yeah, I don't know where he's he's probably sleeping in the other room right now. He's had his breakfast. Now he's back for his cesta. Yes. Oh, finally today, as TV ad market stumbles, Warner brother discovery restructure sales organization, I want to talk about this team had this on the list, but we're going to talk about this because we're playing into the diversification of streaming and things like that. But Warner brothers discovery that rolls off the tongue is restructuring its advertising sales division in response to a challenging year for ad sales. The new structural fall and agency holding company model and include agency specific teams. The company will also have executives overseeing strategic areas such as sports, digital ads and client partnerships. This move follows similar reorganizations by other media companies like paramount and NBC universal. So here's what's happening number one fewer people are watching linear TV. And the ad buys have gone programmatic, which is a fancy term for video display ads and or display ads that follow you around the internet. That's so interesting how our industry likes to complicate things that don't have to be complicated. That is programmatic advertising banner ad. Yeah. I had that that all the programmatic means is it was bought in an auction. This is the eBay of ad buying bought at auction so that you get the lowest price possible. So you're bidding programmatically, which is like via a computer that's smarter and faster than us. Mm-hmm. There you go. You're out of lesson. But nonetheless, you have all the it's splintered used to be okay, I got to buy a TV ad at outdoor board, my print, my magazine, my mailer, I'm done. Now, should I use TV, should I not use TV, should I use connected TV, should I use a video ad network, should I do Facebook video, should I tick tock video, should I use LinkedIn, should I use Twitter, should I use programmatic, should I use display, it's gotten complex. And fewer people are just buying straight line TV, they want to deal and they want to diversify. And that's why these big networks are diversifying and they are scrambling because it's just not. We sell a bunch of TV ads, a bunch of really big brands. But you know what I say, Chris, hopefully it opens up TV for us guys like us run, we'll sneak in there and still get our 400,000 impressions cheaper, hopefully one day. I'm right there with you, bro, just getting the power back to the people. Yes, the people and the brands, speaking of brands, Chris, I noticed I didn't want to say this early on, but it was like between the blue sky and the background and the vacay lounge. I noticed a little bit of a glow in you today, I wasn't really sure what it was. And then I remembered, I think you used a certain magical code called rad Ryan. I did, I did in fact, I had to, I had to give the Caldera labs a try after hearing you talk about it so much and sending me selfies every evening as you apply it. I could just see the tightening in your skin and I just was like, I need some, it needs to get me some of that. You're starting early now, like I got, I got several years on you and you're starting so early. This is going to pay off for you. It's time you're my age. You're going to look 25. That's going to save me that 50, 60 Botox expense, hopefully. Oh, I'm just saying these circles, the darkness on of the eyes has never been better. Never been less because of icon, one of my favorite products, icon, you literally put that on. You put the skin cream on and you put the icon on and then you put the good on. My favorite Christian, I were talking about that gives you that glow. That's for a night when you go to sleep because it's like soaks into your skin. But here's the little insider tip. Maybe it's like a little cold day and you're like, it's just like a little dry, okay. You get that good. You don't want a lot of that because you don't look greasy, but you get one drop of that stuff. You put that on and suddenly boom, it's bam. You're glowing. That's what it works. It works. It does work. It does look good. I think I've been using four days now. They're good. I did have a moment the other day in the bathroom where I'm like, it's different. Some different. Yeah. Yeah. Go to caldera. So calm. It's easy. It's the holidays. Look, don't be selfish. Don't buy for you. Buy for your loved one. If you're a woman, your man needs something. This is premium luxury skincare delivered to your home. Gift time is coming. Get it now. Get ahead of the buying rush. You don't want to be waiting in line when you can't let you're going, I mean, guys, I don't have left. You don't want to be that guy. You get 20% off right now. This is black Friday type deals, 20% off with rad Ryan, coderalab.com, the official skincare of Ryan offered the rad cast and all my friends, including Chris Hansen. You looking pretty, boy. You looking pretty. I'm trying, trying to keep up. Look guys, if you didn't listen to this week's guest episode, Jasmine star will blow your fucking face off. You need to go listen to that episode. She was a rock star intense, maybe the most intense guest I've ever had. And I'm telling you, I was like, ready to run through the brick wall. I'm like, I almost ran right through this glass rad cast. I was blown by studio, I'm like, whoa, there's like Rick Flair, they're a woman. She would have, I think she could have done a whoo, and I was not been surprised. She was awesome. Listen to her business advice, social media, she's got an amazing platform for social. So hit the back button, go listen to Jasmine star. In next week, my guilty pleasure, my Clemson Tigers and the voice, I'll call him the voice of the ACC. I'm putting that moniker on him, Eric McLean, former office of Lyman from Clemson. He was a rock star and now he's a rock star for the ACC network. If you watch college football at all and you watch the ACC, you'll see big Eric McLean. Really good guys got a podcast out now doing lots of great things. Just a genuine good guy who's getting after it. I'm proud of him, happy to have him on. That's next week. My Clemson Tiger. Hey, you foul words, my friend. Enjoy your Friday and mind everyone to check out take a vacate.com holiday essentials. Exactly. Take a vacate.com that's Chris and I has premium plant based brand. It is the holiday time. You want to engineer your mood, go there and look, use, I'm going to give you a little secret podcast. You get 20% off. I'm just going to throw that out there, Chris. Use the code podcast, get 20% off. You can take a vacate.com. You'll get premium plant based goods right to your door and all third party lab tested the best you can buy from Chris and I appreciate your brother from the vacay lounge, Chris and I. I'm Ryan offer from here to Vegas. We appreciate you. We're never wherever. However, we are for making us number one. We'll see you next time with the right cast. To listen or watch full episodes, visit us on the web at the radcast.com or follow us on social media at our Instagram account v dot rad dot cast or at Ryan Alfred. Stay radical. Morning, the following Zipper Cruder radio spot you are about to hear is going to be filled with F words. When you're hiring, we at Zipper Cruder know you can feel frustrated. For Lauren, even, like your efforts are futile and you can spend a fortune trying to find fabulous people only to get flooded with candidates who are just fine. Fortunately, Zipper Cruder figured out how to fix all that and right now, you can try Zipper Cruder for free at zipper Cruder dot com slash zip. With Zipper Cruder, you can forget your frustrations because we find the right people for your roles fast, which is our absolute favorite F word. In fact, four out of five employers who post on Zipper Cruder get a quality candidate within the first day. Fantastic. So whether you need to hire four, forty or four hundred people, get ready to meet first straight talent. Just go to zipper Cruder dot com slash zip to try Zipper Cruder for free. Don't forget that zipper Cruder dot com slash zip. Finally, that zipper Cruder dot com slash zip.