Business Name Generator News Digest January 13, 2023

Want to find out the latest updates from the world of branding, business, startups, and entrepreneurship? We bring you a new roundup every week. Check out the most important weekly news in an easy-to-digest form.

Instagram Is Doing A Design Overhaul Next Month

Instagram is trying to make the app easier to navigate after years of adding new features like Instagram Shop and Reels. 

Instagram redesign

Instagram announced it’s moving the Compose button back to the center of the navigation bar. The Compose button is the “+” sign that used to be there. The Shop tab is getting removed from the navigation bar and the Reels button moves to the right of the “+” sign. 

In previous changes, Instagram wanted to push the Reels and Shop in the app, which led to unhappy customers who felt the app was losing overall usability. 

These changes were criticized by users, including influencers like Kim Kardashian and Kylie Jenner. Users felt that Instagram was moving away from what once made Instagram great. The company did its best to reassure users that photos still come first for Instagram. 

The upcoming redesign will address user complaints from the past few years. 

The changes don’t mean that Instagram is saying goodbye to in-app shopping. An Instragram spokesperson explains.

“You will still be able to set up and run your shop on Instagram as we continue to invest in shopping experiences that provide the most value for people and businesses across Feed, Stories, Reels, ads, and more.”

Where do you see Instagram in a few years in the competitive social media landscape?

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Bill Gates’ Investment Firm Is Betting On Reusable Rockets

Stoke Space is a Seattle-based startup developing a clean-fuel, reusable rocket designed to launch satellites into space with fewer emissions.

Reusable rockets

Private companies are getting in on the space race. SpaceX is currently the frontrunner in the market with a rocket that returns to Earth to be reused. Stoke Space is a direct competitor to SpaceX, looking to push the technology even further. 

Stoke Space’s rockets go into space and return to Earth with the lower and upper stages of the rocket immediately reusable. 

The development is still in the early stages and the company is still a long way from launching satellites into space. 

Andy Lapsa, Stoke Space’s CEO, explains what drives the company.

“As we build this vital in-space economy and infrastructure, we have to be thinking ahead about how to do that sustainably and scalably.” 

He adds. 

“You don’t have to rebuild the rocket for every mission, so that gets you out of a production-limited paradigm and into an operations-limited paradigm, it’s very important.” 

Stoke Space has raised $100 million so far. One of the biggest investors in the company is climate investment firm Breakthrough Energy, founded by Bill Gates in 2015.

An Autonomous Driving Software Startup Raises $140 Million

Oxbotica is a UK-based autonomous vehicle software company best known for its autonomous driving software platform Universal Autonomy

This platform can be used for all types of vehicles in various industries, such as agriculture, airports, energy, passenger transport and private vehicles. The platform makes it possible for vehicles to drive themselves in virtually any environment. It also integrates with any other software used in the vehicles.

The company has closed a $140 million funding round, bringing its total funding to $225 million.

The funds from this round will be used primarily to accelerate geographic expansion in North America, Europe, the Middle East and Africa, and the Asia-Pacific region.

It’s no surprise that OpenAI signaled they will begin charging for ChatGPT, its viral AI chatbot. The company shared on its Discord that it’s thinking about how to monetize the bot. 

The premium version will be called ChatGPT Professional, according to the waiting list on the official Discord server. The price for the premium version hasn’t been determined yet. The company has asked its users how much they’d be willing to pay to access the premium benefits, which include 100% uptime, no throttling and unlimited use of the chatbot. 

ChatGPT has more than a million users and the operating costs are obviously very high. According to rumors, Microsoft will invest another $10 billion in OpenAI in 2023 and acquire a 49% stake in the company.

Do You Want To Buy A Premium Twitter Username?

Twitter is reportedly considering selling premium usernames to boost revenue. The new revenue stream has reportedly been discussed within the company since December. It’s not yet clear when the plan will go into effect. 

Elon Musk announced that Twitter will release up to 1.5 billion usernames by deactivating inactive accounts. 

Black market sales of Twitter usernames have been on the rise for years. According to Twitter’s username squatting policy, users aren’t allowed to buy or sell usernames. 

Selling usernames isn’t new. Telegram, a popular messaging app, announced in October that it would hold an auction for usernames. 

Would you be willing to invest in a premium Twitter username?

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Microsoft Is Launching Microsoft 365 Basic At $1.99 Per Month

Microsoft is introducing a new tier of Microsoft 365 called Microsoft 365 Basic. The new tier costs $1.99 per month (or $19.99 per year). The basic plan includes 100GB of storage, web and mobile access to Word, Excel, PowerPoint, OneNote and other tools. You also get access to support experts to help you with Microsoft 365 and Windows 11. 

The new plan doesn’t replace the free Microsoft 365 plan. There are also no changes to the Microsoft 365 Personal and Microsoft 365 Family plans. 

The basic plan is cheaper than its biggest competitors, such as Google Workspace and Zoho, which start at $9.99 and $3 per month, respectively. 

Microsoft 365 Basic will launch on Jan. 30.

Author

Matija

Matija

Amazing content is the core of what we do. With more than 5 years of experience in branding, name development, and business, Matija helps create and manage content production.

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