"Hodgepodge with a theme" is what I am calling this week's episode of More or Less. The hodgepodge is all the week's headlines, from the latest in AI to some eye-popping VC moments. The theme: What's the next shoe to drop? I feel it in the air. Do you? Hope you enjoy. Apple Spotify YouTube Read more âș
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Judging by two news events this week, next year will be dominated by new episodes in that long-running series, âThe Decline of the TV Industry.â First, widespread reports that Shari Redstone is in talks to sell her stake in CBS owner Paramount Global suggest the Redstone family is finally throwing in the towel. Or at least theyâre trying to, if they can find someone to catch it. And second, Nelson... Read more âș
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TikTok is doubling down on efforts to take ad dollars from TV networks and Instagram owner Meta Platforms. The hugely popular Chinese-owned video app is asking top ad-buying firms to increase their spending by between 50% and 150% next year, according to people with knowledge of the matter, in requests that ad executives say are unreasonable. And while TikTok isnât likely to get as much as it is asking for,... Read more âș
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On December 1, seven months after heâd been fired from Fox News and days before he announced the launch of his own paid streaming service, Tucker Carlson appeared on the âAll-Inâ podcast, the most talked about show in Silicon Valley. Joining Carlson for a freewheeling 93-minute-long conversation were the podcastâs co-hosts: venture investors, entrepreneurs and self-proclaimed âbestiesâ Jason Calacanis, David Friedberg, Chamath Palihapitiya and David Sacks. âThis is Sacksâ big... Read more âș
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Earlier this week, I published our latest Org Chart, documenting the people running artificial intelligence powerhouse Anthropic, one of OpenAIâs biggest rivals. In the reporting, I learned that Anthropicâs headcount has more than tripled this year to 300, from 85 at the start of the year. Itâs a staggering growth rate. But given the massive sums AI companies have raised these past few years (Anthropic has raised more than $7... Read more âș
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Earlier this month, when Boston-based venture capital firm OpenView told its limited partners it no longer planned to invest in new startups and was laying off a majority of its employees, the VC industry let out a collective gasp. âIt was so sudden, and it made you realize that all these funds are really fragile,â said Jenny Fielding, co-founder of early-stage venture firm Everywhere Ventures. âPeople see this as the... Read more âș
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Ok, Iâll call it: We are closing this chapter of the AI wars.Since January or so, tech leaders, their customers and reporters have been haggling over advancements in large language models. Weâve been consumed by models, their names and which 0.5 version of a model is better than another.  I donât think any of that is going to matter next year. My takeaway from the last few weeksâanchored by major... Read more âș
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Next yearâs artificial intelligence battle is coming into focusâand itâs all about glasses. As they release more powerful AI that can understand images and language, Meta Platforms, Google, Microsoft, OpenAI and others are racing to apply the technology to smart glasses and other wearable devices with forward-facing cameras. Itâs a vision many of the companies have discussed or worked on for years, but they have a new reason to think... Read more âș
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This week I spoke to Andreessen Horowitz general partner Anish Acharya and Initialized founder Garry Tan about a two-year-old startup financial services startup theyâve backed: The Coterie, which sells software to help wealthy individuals, fund managers and institutional investors manage their investments in venture capital funds and other alternative assets.It seems like a tough time to grow a business focused on selling software to venture investors, given that VC firms... Read more âș
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This holiday season, many creators have jumped into the e-commerce fray on TikTok, promoting products through livestreams and other videos. But while TikTok Shop, the video appâs new e-commerce feature, is available in the U.S., U.K. and much of Asia, TikTok still hasnât launched it in the European Unionâand hasnât said when, if ever, it will. One possible factor: a looming EU law thatâs set to put serious restrictions on... Read more âș
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As Amazon prepares to put commercials on Prime Video in early 2024, it can make a compelling pitch to U.S. advertisers. Using its vast amounts of shopper data, Amazon can target video ads at the people most likely to bite. But in Europe, Amazon will soon be required to ask customers for consent before it uses their shopping data for its video ads, almost certainly limiting the amount of ad... Read more âș
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Sam Altmanâs sudden ouster and revolving-door return as CEO of OpenAI was the result of a boardroom power struggle between Altman and board members like Helen Toner who raised concerns about the unbridled power of artificial intelligence. The debacle shows that when a board is not aligned with the objectives of management and investors, chaos ensues. What comes next for OpenAI will require extreme statesmanship from Altman and surgical implementation... Read more âș
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Thereâs something ironic about publishing a story on early-stage AI startups struggling to raise money and, over the next two days, writing about a one-year-old legal AI startup landing a $700 million post-investment valuation and a Xoogler-founded AI startup nearing a $2 billion price, as Natasha and I did yesterday. But these stories donât contradict each other. Instead, a âtale-of-two-citiesâ narrative is playing out as generative AI hype has reached... Read more âș
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For Google, it was a moment to savor its apparent triumph over the doomsayers. Last week, the company released the first version of a much anticipated new artificial intelligence technology called Gemini, nearly a year after some critics predicted that OpenAIâs ChatGPT could kill Googleâs search dominance. Google leaders had managed to get competing factions inside the company to start working together on an answer to OpenAI, defying those who... Read more âș
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In September, Ford halted construction of a $3.5 billion gigafactory meant to produce the batteries to power 2 million electric vehicles a year, explaining that it was reassessing the economics of the plant. As a result, we lowered our assessment of the Marshall, Mich., plantâs likelihood of being built; in our Gigafactory Database, we now list the plant as âuncertain.â    Today weâre adding an important caveat: If we had such... Read more âș
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Glean, a startup founded by former Google search engineers that uses OpenAIâs large language models to help workers search through their companiesâ internal data, is in talks with investors to raise at least $200 million at a $2 billion pre-money valuation, according to two people with knowledge of the discussions. Kleiner Perkins, which also invested in three earlier rounds for Glean, is discussing co-leading the latest funding, according to one... Read more âș
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When an online shopping site cuts 11% of its staff two weeks before Christmas, you know somethingâs up. This should be the happiest time of the year for Etsy, an online marketplace that today was promising âLast-minute gifts at every price!â Instead, the firm joined a growing list of businesses laying people off in recent daysâincluding Spotify last week and toy maker Hasbro on Monday. Tougher economic times caused by... Read more âș
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During the pandemic, Serena Kerrigan livestreamed her dates on Instagram every week, introducing a new prospective mate each time. Over the course of 2020, she dated 50 people. The series, called âLetâs Fâing Date,â won her an audience that now totals 600,000 followers on TikTok and nearly 200,000 on Instagram. In September of that year, she started selling a card game named after the series, featuring dating questions and prompts.... Read more âș
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This past year saw a weak and wobbly ad market. Ad buys are down or are being reallocated. Streaming services are under pressure to turn a profit. And while artificial intelligence is proving to be a boon to the industry, some concerns are arising as new regulations take hold. Whatâs the outlook for ad media in 2024? Sahil Patel, reporter for The Information, asked three media experts to take out... Read more âș
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Etsy is laying off roughly 11% of its workforce, a spokesperson confirmed, as the e-commerce site that helps small businesses sell handmade goods grapples with a slowdown in consumer spending and increased competition from competitors like Shein and Temu. The cuts will affect roughly 225 employees. Etsy has seen revenue growth slow sharply over the past three years, as the pandemicâs e-commerce boom faded and customers flocked to sites offering... Read more âș
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Most popular sources
Business Insider
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29% 2 |
Tech Wire Asia
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21% 9 |
CNET
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8% 1 |
Tom's Hardware
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5% 1 |
Wired
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5% 3 |
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29.11.2024 00:50
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