Hi, welcome to your Weekend.Today marks the opening of the Asian-Pacific Economic Cooperative Summit in San Francisco, which is basically NBA All-Star weekend for government people. For the next seven days, our one-name tech leaders (Sam, Elon, Marc, Sundar) will play unofficial hosts to their lawmaking counterparts from around the globe (Joe, Xi, Fumio, Justin).It’s a chance for San Francisco to show off its best side—the views, the food, the... Read more ›
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It’s been a good week for shareholders in Uber, the ride-hailing giant, which reported solid third-quarter earnings on Tuesday. Investors seemed to have anticipated the report: The stock had been rallying for a couple of weeks. By the time the market closed on Friday, Uber was at $51.58, up 27% since late October and at its highest point since mid-2021. Uber now has a market capitalization of nearly $106 billion.... Read more ›
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So, have you built your GPT yet? What are you going to try first? It will not surprise you that the More or Less gang was brimming with ideas about OpenAI's lastest demos and what they mean for the AI arms race. Some of us had some skeptism, of course. Still, a big week, and we had a lot of fun unpacking it and sharing the pop culture binges getting... Read more ›
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Before Meta Platforms decided in June to lower the minimum age for usage of some Quest virtual headsets to 10 from 13, employees had warned that the move increased the risk that children would see content on the app store meant for older people, two people with knowledge of the situation said. The issue was part of a broader debate inside Meta about the company’s responsibility to children when it... Read more ›
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It’s been a rough two years of headlines for Airbnb: hosts sneaking guests in through freight elevators, massive spiders hiding in the ceiling, tens of thousands of complaints about the platform’s ever-increasing fees. And that’s not even including the company’s legal issues, like New York’s recent crackdown on the service. Enter Jay Carney, Airbnb’s global head of policy and communications, who was brought on by Airbnb CEO Brian Chesky late... Read more ›
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There’s audience engagement, and then there’s fandom—people who connect passionately with a brand. But how do companies create breakthrough experiences and stories to reach them? Meredith Mazzilli, editor at The Information, facilitated a discussion with three marketers with deep expertise in this arena: Alison Levin, vice president, global media revenue, Roku Val Kaplan, global senior vice president, head of consumer marketing, Pluto TV Courtney Larson, head of brand marketing, Doritos,... Read more ›
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Gen Z, ages 13 through 26, has been the force behind fashion trends and political movements. Most can’t recall a time before smartphones. They’ve lived their entire lives connected digitally. What’s more, they are highly suspicious of traditional marketing tactics. Instead, they embrace YouTube and Snapchat. So how do brands stay relevant and connected to this generation? Erin Woo, reporter for The Information, led a vibrant discussion on how brands... Read more ›
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Karla Mellinger doesn’t care about the metaverse. “It’s silly,” said the 62-year-old from Spokane, Wash., who works as a credit manager at a company that manufactures steel studs used in construction. “The whole thing is just silly.” And yet, five days a week, Mellinger straps on a Meta Quest 2 virtual reality headset and dives into Supernatural, a VR fitness program that lets players work out on the Great Wall... Read more ›
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Running a big cloud-hosting service is a good business. Thanks to artificial intelligence, it’s getting even better. This week, we made two big additions to our Cloud Database: OpenAI and Anthropic. OpenAI is spending more than $400 million per year on Microsoft’s Azure cloud computing service, according to The Information’s reporting. In May, Anthropic told investors it planned to spend $285 million on cloud services this year, a number that... Read more ›
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The recruiting fight between OpenAI and Google is growing fiercer. As OpenAI proceeds with an employee share sale that would nearly triple the startup’s valuation to more than $80 billion, its recruiters are courting top artificial intelligence employees at Google with millions of dollars and a message: Join us now to lock in a stock package at the current valuation of $27 billion and benefit from the impending increase. As... Read more ›
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It was an all-hands speech that would have fit with 2023’s cost-conscious corporate dogma: A tech founder urged his employees to check if the lights were turned off when they were leaving the offices, telling them, “The universe does not allow waste.” That was Adam Neumann talking to WeWork employees in 2016, a year before SoftBank began dumping money into the company. It was Neumann recognizing a pre-SoftBank startup economic... Read more ›
0
In the third quarter, TikTok users sent more than $250 million worth of digital gifts to U.S.-based livestreamers on the video app, my colleague Erin reported last week. Those virtual tips are turning into significant revenue for creators. TikTok turns over half of those proceeds—calculated after paying Apple and Google app store fees and payments fees—to creators. TikTok’s rivals, however, are even more generous with the tip shares. As our... Read more ›
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As winter turned to spring last year, venture investors told me startups desperate to raise cash were likely to set off a stampede of fundraising attempts. That never happened. Instead, startups went on extreme diets with the aim of making the cash they raised at the peak of the 2021 bull market last as long as possible.Another year went by. That stampede still hasn’t arrived. But now investors tell me... Read more ›
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Deel, a human resources startup last valued at $12 billion, has hit $400 million in annual recurring revenue, a senior sales director at the startup said last month, up from a pace of $295 million in January. Deel’s growth shows how some enterprise software startups have been able to thrive during a pullback in business software spending. The startup helps businesses hire contract and remote workers, and counts Shopify and... Read more ›
2
The U.S. has increasingly restricted China’s ability to access American tech, but for now, Chinese investors are still free to ride the U.S.-led AI software wave. Partners at top Chinese VC firms including Sequoia Capital China, Source Code Capital and ZhenFund have been criss-crossing the U.S. and quietly taking minority stakes in all manner of AI startups, according to this enterprising article from my colleague Juro Osawa, which lists around... Read more ›
1
When Amazon CEO Andy Jassy made a surprise visit to one of his company’s Style clothing stores in Glendale, Calif., this past August, he posed for selfies with workers while holding a pair of shopping bags. It seems he wasn’t impressed. Three months later, Amazon announced that the store, along with its other Style location in Ohio, were closing. The stores, meant to be a futuristic twist on a traditional... Read more ›
0
The United Auto Workers union won big pay raises for its members in recent negotiations with Detroit’s Big Three, but the accord will leave battery factory employees earning substantially less than co-workers who produce cars. Read more ›
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There’s good news and bad news for Big Entertainment today. Firstly, the actors strike is over, which means film and TV production can finally resume. Yippee! Second, the September-quarter results out Wednesday from Disney and Warner Bros. Discovery showed both are getting streaming losses under control. (In WBD’s case, it’s making money!). The bad news for the industry though is that television advertising is in free fall. But as CEOs... Read more ›
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Startups offering various services for musicians have proven popular with investors lately amid a broader drop in funding for creator startups. That partly reflects the opportunity created by social media apps that have helped new musicians quickly gain followings, while established ones can more easily communicate with fans and see their tracks go viral. Bonsai is the latest to nab new money. In September, it closed a $2 million seed... Read more ›
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Snap has laid off nearly 20 product managers, the latest shakeup at the social app after several top departures over the last three months. Separately, Snap’s longtime vice president of engineering, ​​Nima Khajehnouri, told employees earlier this week that he was leaving. His last day at the company will be Dec. 1, a Snap spokesperson said. Khajehnouri’s departure hasn’t been previously reported. Read more ›
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Business Insider
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13% 4 |
CNET
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9% 2 |
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6% 4 |
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29.11.2024 08:17
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