Mortgage Rate Update | May 16, 2024

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of May 16, 2024, were as follows: The 30-year fixed mortgage rate was 7.02%, down from 7.09% last week. The 15-year fixed was 6.28%, down from 6.38% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

Weekend Events | May 17 – May 19

May is flying by and with it comes a bevy of fun happening all around town. With warmer weather and summer just around the corner, there is no better time to explore your neighborhood. Check out what’s happening from LA to the Westside and Conejo to San Fernando Valley from May 17 through May 19. 

Los Angeles Weekend Events | May 17 – May 19 

Cinespia

When: Until June 29

Where: Various Locations

What: The summer screening series is back, kicking off the season with events at L.A. State Historic Park, featuring “Mamma Mia!” on May 10 and “The Lord of the Rings: The Two Towers” on May 17. The series then moves to the Rose Bowl for a screening of “Almost Famous” on May 25, before returning to Hollywood Forever Cemetery later in the month.

John Williams Spotlight

When: May 18 – May 19 

Where: Disney Concert Hall | DTLA

What: Can’t get enough of John Williams’ magic at the Bowl? The LA Phil celebrates the legendary composer with two years of live scores and concerts at Disney Hall. The series culminates with an evening led by Gustavo Dudamel, featuring a suite from Harry Potter (May 18, 19).

Beverly Hills Art Show

When: May 18 – May 19

Where: Beverly Gardens Park

What: Since 1973, artists have gathered at Beverly Gardens Park every spring and fall for a vibrant festival, previously known as the Affaire in the Gardens. This year, 230 artists will display their works, including paintings, sculptures, watercolors, and photography. Set along four blocks of Santa Monica Boulevard between Rodeo and Rexford Drive, the event offers something for everyone, with free kids’ activities, food trucks, and beer and wine gardens featuring live music.

Westside and Beach Communities Weekend Events | May 17 – May 19 

MAINopoly: A Taste of Main Street

When: May 19 

Where: Main Street Santa Monica

What: To entertain and support the Westside community, much of Santa Monica’s Main Street will transform into an interactive Monopoly board game. Attendees will receive “MAINopoly dollars” to exchange for food tastings at top establishments like Ashland Hill, Holey Grail Donuts, Jameson’s Pub, the Victorian, and Pasjoli. Enjoy dishes and drinks, and check out the “Go to Jail” VIP lounge and beer garden for a special experience.

Venice Family Clinic Art Walk + Auction

When: Until May 19

Where: Venice

What: The Venice Artwalk is back for its 45th year, supporting the Venice Family Clinic through an auction and offering a free chance to explore the Venice and broader L.A. art scene. From May 10 to 19, visit 910 Abbot Kinney to view artworks by Ed Ruscha, Larry Bell, Ed Moses, Alison Saar, Kenny Scharf, Patrisse Cullors, Sayre Gomez, and others.

SOAR

When: Until August 31, 2024

Where: Palos Verdes

What: Explore a pavilion filled with fluttering butterflies and observe a chamber with pupae and caterpillars at South Coast Botanic Garden’s seasonal exhibition. For an extra $6, you can purchase a flower vial or ring filled with nectar to attract and feed the butterflies.

San Fernando Valley Weekend Events | May 17 – May 19 

Filipino California: Art and the Filipino Diaspora

When: Until September 8  

Where: Glendale 

What: Explore the works of seven contemporary artists—Eliseo Art Silva, Allison Hueman, Anthony Francisco, Maryrose Cobarrubias Mendoza, Christine Morla, Maria Villote, and Junn Roca—at the Forest Lawn Museum. Their pieces delve into Filipino culture and the Filipino-American experience.

K-Pop Skate Night

When: May 17

Where: Moonlight Rollerway | Glendale

What: Welcome to K-Pop Skate Night! Groove to your favorite K-Pop hits on wheels at Moonlight Rollerway, Inc. This event is perfect for K-Pop fans of all ages, so bring your friends and family for a night of fun and music. Join us on Friday, May 17, 2024, from 8 PM to 11 PM. Don’t miss this exciting opportunity to skate and dance to the latest K-Pop tracks. Admission is required, so make sure to arrive early to secure your spot!

LA County Fire Hogs 8th Annual Memorial Ride

When: May 18

Where: Route 66 Classic Grill | 18730 Soledad Canyon Road, Santa Clarita

What: Join the Los Angeles County Fire Hogs on Saturday, May 18th, 2024, for the 7th Annual Memorial Ride. This event raises funds for the L.A. County Firefighter Family Support Group.

Conejo Valley Weekend Events  | May 17 – May 19 

California Strawberry Festival at the Ventura County Fairgrounds

When: May 18 

Where: Ventura County Fairgrounds and Event Center | Ventura

What: The 38th Annual California Strawberry Festival will take place on Saturday and Sunday, May 18-19, 2024, at the Ventura County Fairgrounds (10 W. Harbor Blvd., Ventura). Festivalgoers can enjoy strawberry treats from over 50 food and beverage booths. The event features artists and crafters, a Ninja Nation obstacle course, live entertainment on two stages, “build-your-own” strawberry shortcake, and more.

Matilija Poppy Festival at Conejo Valley Botanic Garden

When: May 19 

Where: 400 W Gainsborough Rd | Thousand Oaks

What: The Conejo Valley Botanic Garden invites you to its annual Matilija Poppy Festival on Sunday, May 19, 2024, from 11 AM to 4 PM. The event will showcase beautiful Matilija poppies and include garden tours at 11:30 AM and 2 PM, along with crafts, guest speakers, and more activities for all ages.

The Greater Contribution Hosts “A Woman’s Worth” Event in Thousand Oaks

When: May 19

Where: Thousand Oaks, CA

What: The Greater Contribution, a non-profit that provides micro-loans for women in remote Ugandan villages, is hosting “A Woman’s Worth” celebration on Sunday, May 19th, from 3:00 PM to 5:30 PM in Thousand Oaks. In a beautiful outdoor garden, guests will enjoy live entertainment. See Ugandan dancers, African drumming, storytelling, and enjoy international foods. This exclusive fundraising event is dedicated to empowering Ugandan women and offers an immersive cultural experience while supporting brighter futures and stronger communities.

Best Sushi Spots in Los Angeles | LA Eats

Looking for a great sushi spot to try this week? We have you covered on where to enjoy delicious hand-crafted rolls! Check out our list below of tasty sushi spots around town. 

Sushi Ginza Onodera

Location: 609 La Cienega Blvd, West Hollywood

When it comes to sushi spots Sushi Ginza Onodera offers an exquisite omakase experience with fish flown in daily from Japan. The intimate setting and meticulous attention to detail make it a top choice for sushi enthusiasts.

Sushi Park

Location: 8539 Sunset Blvd #20, West Hollywood

Sushi Park is known for its no-frills approach, focusing purely on the quality of the fish. The chef’s omakase menu highlights the freshest seasonal ingredients.

Nozawa Bar

Location: 212 N Canon Dr, Beverly Hills

Nozawa Bar provides an exclusive dining experience with a limited number of seats. The chef’s selection changes daily, ensuring a unique and memorable meal each time.

Sushi Zo

Location: Various locations

Sushi Zo offers a high-end omakase menu that emphasizes the balance of flavors. The minimalist decor and skilled chefs create a serene and elegant dining environment.

Q Sushi

Location: 30770 Russell Ranch Rd ste a, Westlake Village

Among sushi spots, Q Sushi is celebrated for its imaginative sushi. The restaurant’s commitment to authenticity and quality makes it a standout spot in the heart of LA.

Sushi Tsujita

Location: 2006 Sawtelle Blvd, Los Angeles, CA 90025

Sushi Tsujita offers a delightful omakase experience with a focus on seasonal ingredients. The cozy ambiance and expertly crafted dishes attract sushi lovers from all over the city.

Shunji Japanese Cuisine

Location: 3003 Ocean Park Blvd, Santa Monica

Shunji Japanese Cuisine is known for its creative and artful sushi presentations. The chef’s omakase menu showcases a variety of fresh and seasonal fish.

Matsuhisa

Location: 129 N La Cienega Blvd, Beverly Hills, CA 90211

Matsuhisa, owned by renowned chef Nobu Matsuhisa, offers a fusion of Japanese and Peruvian flavors. The sophisticated atmosphere and exceptional sushi make it a must-visit.

Morihiro

Location: 3133 Glendale Blvd, Los Angeles, CA 90039

Sushi chef Morihiro Onodera finally has his own omakase restaurant in Atwater Village, offering masterful preparations and world-class sushi. The intimate setting and personalized service provide an unforgettable dining experience.

KazuNori

Location: Various Locations

KazuNori specializes in hand rolls made with the freshest ingredients. The casual setting and quick service make it a popular spot for sushi on the go.

Sushi Note

Location: 13447 Ventura Blvd, Sherman Oaks, CA 91423

Sushi Note combines a love for sushi and wine, offering expertly paired omakase menus. The relaxed ambiance and knowledgeable staff enhance the dining experience.

Sushi Tama

Location: 116 N Robertson Blvd, Los Angeles

Sushi Tama offers a modern take on traditional sushi. The innovative dishes and stylish decor attract a trendy crowd looking for a unique culinary adventure.

Sushi Enya

Location: Various locations

Sushi Enya provides a cozy and intimate atmosphere with a focus on high-quality sushi. The omakase menu is crafted with care, featuring the freshest fish available.

Sushi Ichi 805

Location: 205 E Channel Islands Blvd, Port Hueneme, CA 93041

Sushi Ichi 805 delivers an authentic Edomae sushi experience. The attention to detail and commitment to tradition make it a top choice for sushi connoisseurs.

Sasabune

Location: 11917 Wilshire Blvd, Los Angeles,

Sasabune is known for its “Trust Me” menu, where the chef selects the best fish of the day. The unpretentious setting and exceptional sushi keep guests coming back.

Hiko Sushi

Location: 11275 National Blvd, Los Angeles, CA 90064

Hiko Sushi focuses on the purity of flavors, serving simple yet exquisite sushi. The minimalist approach and fresh ingredients make it a beloved spot.

Asanebo

Location: 11941 Ventura Blvd, Studio City

Asanebo is an award-winning sushi restaurant known for its innovative dishes. The omakase menu features a mix of traditional and contemporary flavors, ensuring a memorable meal.

The Brothers Sushi

Location: Various locations

The Brothers Sushi is a fine addition to the Valley’s thriving sushi scene. Offering both a la carte and omakase options, chef Mark Okuda crafts stellar sushi with creative flair. The restaurant has locations in Santa Monica and Culver City.

Leona’s Sushi House

Location: 11814 Ventura Blvd, Studio City

Leona’s Sushi House, led by Frank Leon and Shigenori Fujimoto, features a blend of Peruvian flavors and traditional sushi. The multi-faceted space offers indoor and outdoor dining, with an intimate counter for a unique omakase experience.

Hama Sushi

Location: 347 E 2nd St, Los Angeles, CA 90012

Hama Sushi is known for its no-nonsense approach, offering only sushi and sashimi. The straightforward menu and exceptional preparation make it a favorite among locals.

Uoichiba

Location: 9355 Culver Blvd, Culver City, CA 90232

Uoichiba, inside Citizen’s Public Market, offers handrolls filled with dry-aged fish. The casual counter serves a la carte or lunch-sized omakase meals with cuts of tuna, kanpachi, and more.

Soko

Location: 101 Wilshire Blvd, Santa Monica, CA 90401

Soko, tucked into the Fairmont Miramar, offers a 12-course nigiri omakase for $120 and a six-course omakase for $185. For sushi spots, this intimate sushi bar provides a convivial and playful dining experience.

From Netflix Ads to Uber Rides and More! | Tech News

 See what’s buzzing in the world of tech with our weekly round-up of news. From Netflix Ads to Uber Rides and more, we have you covered. Read on below for a bite-size version of the news you want to know.

AT&T Set to Launch Satellite-to-Smartphone Service Soon

AST SpaceMobile has been demonstrating voice, text, and video calls via satellite using 4G LTE and 5G, achieving download speeds of 14Mbps. The company has now finalized a commercial agreement with AT&T to develop a space-based broadband network, aligning with the upcoming launch of AST’s first five commercial satellites this summer. The FCC is creating a framework to support such services, aiming for seamless connectivity everywhere. With Apple and Android already incorporating satellite features, and Starlink testing similar links, dead zones may soon be eliminated.

Netflix’s Ad-Supported Tier Reaches 40 Million Users

Netflix’s ad-supported model has gained traction, reaching 40 million monthly users globally, up from 23 million earlier this year. At its 2024 upfront presentation, Netflix announced plans to launch an in-house advertising technology platform. More than 40 percent of new users in regions with ads are opting for the ad-supported tier. Netflix also expanded its advertising partnerships to include Google, The Trade Desk, and Magnite, alongside its initial partner, Microsoft. Additionally, Netflix is pushing further into live events, including streaming NFL games and weekly WWE broadcasts.

Airbus Unveils Racer Hybrid Aircraft to the Public

Airbus has introduced the Racer, a hybrid aircraft combining elements of a helicopter and an airplane, designed to expedite emergency response times. The Racer features wings, forward-facing rotors, and top helicopter blades, allowing it to take off vertically and land smoothly without a runway. This demonstration model was showcased in Marseille, France, as part of the Clean Sky 2 project, which aims to reduce fuel consumption and CO2 emissions by 20% compared to conventional aircraft. The Racer had its first flight in April and meets the project’s environmental goals.

Google Enhances In-Car Infotainment with New Apps

Google is adding new apps to its in-car infotainment platforms, including streaming services Max and Peacock, which will be available in cars from Renault, Polestar, and Volvo. Additionally, the Angry Birds game will be accessible while parked. For Android Auto, the Uber app will soon be available, aiding drivers with trip management and navigation. Google is also introducing a casting feature with Rivian, allowing video content to be cast from phones to the car’s display while parked. These updates aim to enhance in-car entertainment and convenience.

Uber Launches New Mobility Services and Features

Uber has announced new products at its annual Go-Get conference, including Uber Shuttle for airports and concerts, and scheduled carpool trips. The service, Uber Shuttle will be coming soon to select cities. Likewise, this allows customers to book seats on shuttle buses via the Uber app, with fares being a fraction of regular rides. The company has partnered with Live Nation and Miami’s Hard Rock Stadium for these services. Additionally, UberX Share now offers scheduled rides up to 30 days in advance. Other updates include Uber One memberships for students and new Uber Eats perks for Costco members.

Instagram Co-Founder Mike Krieger Joins Anthropic as Chief Product Officer

Anthropic has appointed Instagram co-founder Mike Krieger as its new chief product officer. Krieger, previously working on the AI news-reading app Artifact, will lead Anthropic’s product initiatives. The company, founded by ex-OpenAI employees, aims to transform its core technology into market-ready products, including the recently launched Claude app for iOS and support for multiple languages. Anthropic has raised nearly $8 billion and has significant investors like Amazon and Google, positioning it to compete in the rapidly evolving AI industry.

Syd Leibovitch Featured on Real Estate Podcast

Syd Leibovitch, President of Rodeo Realty, recently appeared on the LA Fixers Real Estate Podcast! Drawing from his extensive experience, Syd offers valuable insights into the intricacies of the real estate industry, providing viewers with a comprehensive understanding of market trends, investment strategies, and the keys to success in this ever-evolving landscape.

You can watch the full episode below:

Explore our website for the most up-to-date information on real estate data and local news!

RodeoRe.com

RodeoRealty.blog

Exploring Historical L.A. | Out & About

Los Angeles, renowned globally for its entertainment and glamour, also boasts a rich and diverse history. This history is showcased in the city’s numerous historical landmarks, iconic buildings, and cultural sites. Whether you’re a history enthusiast or simply curious about the City of Angels’ past, this guide will lead you through some of the most captivating historical landmarks in Los Angeles.

The Getty Villa (Pacific Palisades)

The Getty Villa, a stunning replica of an ancient Roman villa, houses the J. Paul Getty Museum’s collection of Greek, Roman, and Etruscan antiquities. The beautiful gardens and breathtaking views of the Pacific Ocean add to the Villa’s allure, making it a must-visit historical destination.

The Griffith Observatory (Griffith Park)

Since 1935, the Griffith Observatory has offered public access to telescopes and exhibits about space and science. This iconic landmark, perched high above the city in Griffith Park, offers stunning views of Los Angeles and the cosmos beyond.

Olvera Street (Downtown)

Known as “the birthplace of Los Angeles,” Olvera Street is a vibrant marketplace that showcases the city’s Mexican heritage. With its traditional Mexican-style buildings, restaurants, and shops, Olvera Street is a living museum paying homage to a rich cultural legacy.

The Bradbury Building (Downtown)

Built in 1893, the Bradbury Building is one of Los Angeles’ architectural gems. Its stunning interior, featuring ornate ironwork, marble stairs, and open-cage elevators, has been a favorite location for many films, including “Blade Runner.”

The Hollywood Walk of Fame (Hollywood)

The Hollywood Walk of Fame is a testament to the city’s role as the global center of the entertainment industry. With over 2,600 stars honoring luminaries from film, TV, radio, music, and theater, it’s a historical landmark that recognizes the dreams and achievements that have shaped Hollywood.

The Watts Towers (Watts)

This collection of 17 interconnected structures is one of LA’s most unique landmarks. Watts Towers is a testament to one man’s vision and determination. The art display is made from steel and decorated with a mosaic of glass, shells, and ceramic tiles. Likewise, this makes it a remarkable feat of folk art and architecture.

Union Station (Downtown)

Opened in 1939, Union Station is considered one of the last of America’s great railway stations. With its blend of Spanish Colonial, Mission Revival, and Art Deco styles, it’s a beautiful reminder of the golden age.

From ancient art collections to iconic movie locations, Los Angeles’ historical landmarks offer a fascinating glimpse into the city’s past. Likewise, exploring these sites will deepen your understanding and appreciation of LA’s rich and diverse history.

Giving Your Home a Summer Splash of Color | Home Tips

Considering giving your home a splash of color for the summer? There are endless ways to refresh your interiors for sunnier days. From fresh summer flowers to vibrant accents, it’s time to embrace the season. If you want to stylishly transition your space from winter to summer, here are five tips to get you started:

1. Fresh summer flowers

Even if you do not have the space or time to have a summer garden, there are plenty of ways to incorporate plants into your home. Try adding a potted lemon tree to your balcony or front door for something bright and fresh. Houseplants are also ideal for improving your mood and alleviating stress. Plus they make for a great and fresh way to add a summer splash of color!

If you do not have adequate floor space, adding hanging plants can add a vibrant pop of green to a room. Also, if you plan to travel or go on vacation, faux flowers are a great option to keep your home looking gorgeous without the hassle of running to the store and taking care of the plant.

2. Colorful Pillows

Pillows and cushions are fun and easy ways to add a summer splash of color to your home. Explore the freedom to mix and match patterns, textures, styles, and contrasting colors like royal blue and bright yellow.

Removable covers and cushions make it easy to switch to various options as your preferences change. Additionally, you can replace heavy winter curtains with sheer drapes to let more light in for a summery vibe.

3. Shaggy vintage rugs and runners

If your home has lots of dark colors, you may want to go for a breezier summer feel with a tightly-woven runner. Vintage rugs are always an excellent opportunity to savor the gorgeous summer weather. They complement a cozy seating area, making it feel more intimate. You can add luxurious accents and artwork to brighten your space and create a more balanced look.

4. Pop of color

Summer is the best time to change dull colors and add vibrance to your home. To start, look into adding a contrasting color, vibrant enough to fit the summer spirit. Incorporating a pop of color can completely change the feel, look, and mood of your space.

If your style is more muted or you do not feel confident enough to play with color, start with small steps. There are alternative ways to add some color by accessorizing your room with bold and cheerful décor pieces.

5. Embrace your outdoor living space

If you are lucky enough to have an outdoor space, a garden, patio, or balcony, take advantage of summer’s fresh air and sunshine. Investing in a patio chair accented with brilliant outdoor mats and waterproof pillows transforms a simple setup into a cozy treat. Potted plants are also a great way to add some greenery to your outdoor space.

Economic Update | Week Ending May 11, 2024

Economic news this week – Stock markets increased and mortgage rates dropped this week as it appears that we are finally seeing some signs that the economy is slowing. Up until last week, experts were puzzled as to how the labor market, retail sales, and inflation were picking up after almost two years of Fed rate hikes and other tightening measures. Last Friday’s jobs report had the number of new jobs added in April significantly lower than March. The Fed also announced that they were going to stop selling off their treasury bond portfolio, which has enabled long-term rates to drop. This week it was announced that new jobless claims increased for the first time this year. Consumer confidence dropped well below expectations. Usually when consumer confidence drops people cut back on spending. When spending slows inflation retreats. Investors feel that we have turned a corner. Next Monday the Producer Price Index will be released and on Wednesday the Consumer Price Index will be released. Analysts are expecting those reports to show some signs that inflation is beginning to moderate. That has pushed the Dow up for eight straight sessions. The S&P and Nasdaq have also rebounded strongly over the last two weeks.

Stock markets – The Dow Jones Industrial Average closed the week at 39,512.84, up 1.1% from 38,675.68 last week. It is up 4.8% year-to-date. The S&P 500 closed the week at 5,222.68, up 1.8% from 5,127.79 last week. The S&P is up 9.5% year-to-date. The Nasdaq closed the week at 16,340.87, up 1.1% from 16,156.33 last week. It is up 8.9% year-to-date.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.50%, unchanged from 4.50% last week. The 30-year treasury bond yield ended the week at 4.64%, almost unchanged from 4.66% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of May 9, 2024, were as follows: The 30-year fixed mortgage rate was 7.09%, down from 7.22% last week. The 15-year fixed was 6.38%, down from 6.47% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

Real Estate sales figures for April will be released by the California Association of Realtors and the National Association of Realtors next week. You can get April’s data for your city, zip code’ or county on our website RodeoRe.com. It is tabulated from the same data that the California Association of Realtors uses.

Have a great weekend!

Mortgage Rate Update | May 9, 2024

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of May 9th, 2024, were as follows: The 30-year fixed mortgage rate was 7.09%, down from 7.22% last week. The 15-year fixed was 6.38%, down from 6.47% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

From a Disney-Max Bundle to Threads and More! | Tech News

Stay connected with the latest news from the world of tech and media. From a Disney-Max Bundle to Threads and more, we have you covered. Check out this week’s blog for what’s happening across the world-wide web.

Threads Simplifies Viewing Post View Counts for Everyone

Instagram chief Adam Mosseri has announced that Threads is enhancing its transparency. The app will make it easier for users to see the view count of their posts. This new feature allows users to simply tap on a post to reveal its total views. Likewise, the update aids influencers, businesses, and everyday users in understanding their engagement. Although the update is rolling out gradually and might not be available to everyone immediately. This change marks a significant step in providing valuable insights to creators. Additionally, Threads continues to improve user experience with new features. On Instagram, efforts are being made to boost visibility for smaller creators and to favor original content over aggregated shares.

TikTok Introduces ‘AI-Generated’ Label for Content with Third-Party Watermarks

TikTok is enhancing its content authenticity measures. The app will automatically apply an “AI-generated” label to uploads that include metadata tags from third-party platforms. This change makes TikTik the first social media platform to adopt the new Content Credentials. This initiative is part of TikTok’s collaboration with Adobe’s Content Authenticity Initiative (CAI) and the Coalition for Content Provenance and Authenticity (C2PA). The platform will undergo a multi-phase implementation to support Content Credentials. This will start with the automatic labeling of AI-generated uploads that carry such tags. Subsequently, TikTok plans to maintain these labels on content created using its AI effects.

Disney, Hulu, and Max Prepare to Launch Joint Streaming Bundle

A new streaming bundle featuring Disney Plus, Hulu, and Max is set to launch in the US this summer. The news was announced by Disney and Warner Bros. Discovery this week. This upcoming package will be available in both ad-supported and ad-free formats, with pricing details yet to be disclosed. The bundle can be purchased through the websites of Disney Plus, Hulu, or Max upon release. This strategic move arrives at a critical time for the streaming industry, which is shifting focus from subscriber growth to revenue generation. Recently, Disney Plus and Hulu achieved a milestone by posting a profit of $47 million. With the new bundle, Disney aims to offer even more value to subscribers. Meanwhile, as streaming costs rise, bundles are becoming an attractive option for consumers looking to economize. 

Marvel Introduces a Mixed Reality Version of “What If…?” for Vision Pro

Marvel Studios and ILM Immersive are set to enhance the Vision Pro with “What If…? – An Immersive Story.” This will mark Disney Plus’ inaugural venture into interactive original content exclusively for Apple’s VR headset. The hour-long mixed reality episode draws from the Marvel series “What If…?” on Disney Plus and offers a novel approach. The episode will allow users to engage directly with the narrative. Participants will not only observe but also interact. This development promises a deeper level of immersion beyond the platform’s existing offerings. Marvel has yet to announce a specific release date, stating only that it will be “released soon.”

 

Google DeepMind’s Latest AI Can Model DNA, RNA, and All Essential Biological Molecules

Google DeepMind has unveiled AlphaFold 3, an advanced AI model that significantly enhances our ability to predict the structures of not only proteins but also DNA, RNA, and other crucial molecules involved in all forms of life. This latest iteration boasts a 50% improvement in prediction accuracy over its predecessors and expands its utility across various fields such as medicine, agriculture, materials science, and drug development. AlphaFold 3 utilizes a diffusion method similar to those used in AI image generators for creating 3D molecular models, aiding researchers in envisioning how different molecules combine. As DeepMind rolls out this tool, they are collaborating with experts to ensure its responsible deployment, mindful of potential biosecurity risks.

 

Instacart Adds Restaurant Delivery Through Partnership with Uber Eats

Instacart is venturing into restaurant delivery through a new collaboration with Uber Eats. Soon, Instacart users will be able to order restaurant takeout directly within the Instacart app or website, utilizing Uber’s software for transaction management and relying on Uber Eats couriers for food pickup and delivery. This partnership allows Instacart to expand its offerings by integrating a vast array of restaurant options without the need to develop its own delivery infrastructure. According to Uber spokesperson Noah Edwardsen, customers will see the same menu prices as on Uber Eats, and delivery couriers will receive equivalent pay. Uber aims to increase order volume for its restaurant partners, while Instacart enhances its service capabilities. Despite the overlap in grocery delivery competition between Instacart and Uber, this move marks a significant step towards supporting physical businesses without altering costs for consumers or earnings for couriers.