TikTok has signed logistics deals to ensure that the products people buy on its app arrive smoothly at their front doors—a key part of the video app’s efforts to transform itself into a shopping destination. It’s currently testing the fulfillment services with U.S. sellers, a person familiar with the matter said. TikTok is partnering with outside logistics firms that lease and operate warehouses to store inventory and to pack and... Read more ›
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Former National Basketball Players Association Executive Director Michele Roberts has never attended a soccer game. She says with a laugh that if Lionel Messi appeared in her Harlem living room, she’d call the police to report an intruder, because unlike most people on the planet, she has no idea what he looks like. But Roberts is spiritually attuned to Messi in at least one sense. She, too, has wanted to... Read more ›
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Jacob Devlin, a prominent artificial intelligence researcher who left Google for rival OpenAI in January after complaining internally about how the company trained its Bard AI chatbot software, has returned to his old job, according to a person with knowledge of the situation. Google’s willingness to hire Devlin back, despite the fact his internal complaints became public and embarrassed the tech company, reflects the intense competition for talent in the... Read more ›
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Six months ago, Adobe’s chief strategy officer, Scott Belsky, was in a New York conference room with around two dozen top marketing executives. They had gathered to discuss how artificial intelligence could transform advertising, allowing them to turn a string of words into a visual ad. At first, Belsky thought they were on the same page about the vast potential of generative AI. “Their answer was, ‘It’s really exciting,’” he... Read more ›
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Welcome back!When streetwear company Parade World launched Moetic in July 2022, executives considered its London headquarters a strength. Moetic, a fashion marketplace where creators could launch storefronts with recommended items, could connect with fashion companies across the continent. But as dealmaking slowed last year, Moetic struggled to whet investor appetite. Parade World shut Moetic in March and folded the rest of the company a month later. “Where the industry is... Read more ›
0
Four years ago, one of the most intense battles in enterprise software was underway between two startups led by former colleagues: Rubrik and Cohesity. They help businesses manage data, and they also market themselves as offering protection against ransomware attacks. At the time, Rubrik was clearly in the lead, but Cohesity was growing faster and gaining on it. Times have changed. By one measure—closeness to going public—Rubrik appears to be... Read more ›
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“Terrifying.”That was the word from a longtime Hollywood hand when I asked for the person’s reaction to Disney’s former communications czar, Zenia Mucha, joining TikTok to lead brand marketing and communications. For a little context, Mucha is known as one of the toughest and best communications leaders in the land. For two decades, she ran Disney and CEO Bob Iger’s communications with an iron fist, threatening anyone who dared publish... Read more ›
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It’s Erin Woo, reporting from VidCon in Anaheim, Calif.The convention, which kicked off Wednesday night, has drawn thousands of social media creators, industry executives and fans this year. YouTube is back sponsoring the conference which it has done every year there’s been a VidCon except last year, when TikTok took over as main sponsor. Amjad Hanif, YouTube’s vice president of product management, hosted the keynote this afternoon with YouTubers Colin... Read more ›
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A stark business reality faced Reddit before a user uprising engulfed its site this month: slowing sales growth. Reddit’s revenue rose 38% in 2022 to about $670 million last year, two people familiar with the matter said, faster than many other internet ad firms but a steep slowdown from the more than doubling of revenue the company experienced in 2021 over 2020. Read more ›
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Adobe’s $20 billion plan to buy design software startup Figma in September offered Silicon Valley venture capitalists brief relief from the downturn’s tight grip. But they might want to put the champagne away. European regulators plan to launch an investigation of Adobe’s deal, the Financial Times reported earlier this week. A few months earlier, Bloomberg reported that the U.S. Department of Justice was also preparing to sue to block the... Read more ›
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TikTok's Chief Operating Officer V. Pappas has quit, she told staff on Thursday, according to an email viewed by The Information. In an email to staff, Pappas said she will continue in an advisory role for the company, noting she feels the "time is right to move on and refocus." Her departure comes amid intense uncertainty about TikTok's future, however, given the threat of a U.S. government ban. For more... Read more ›
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Meta Platforms executives always knew this moment would come. Apple’s unveiling of its Vision Pro mixed reality headset early this month puts the spotlight on the looming battle between Apple and Meta over control of the augmented reality and virtual reality market. And for the past five years, Meta has readied itself for the competition by trying to develop as many of its own chips as it could, to better... Read more ›
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The United Auto Workers’ contract talks with Ultium Cells, General Motors’ joint venture for electric vehicle batteries, could take as long as a year as the union also attempts to hammer out a new national four-year agreement with the big three U.S. automakers, according to a union official.Six months after workers at the Ultium plant in Lordstown, Ohio, became the first at a U.S. battery gigafactory to organize, they have... Read more ›
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In its war on big tech, the Federal Trade Commission has opened a new front. In a lawsuit filed against Amazon today, the FTC accused the e-commerce giant of duping millions of consumers into “unknowingly” enrolling in its Amazon Prime service and then making it really difficult for them to cancel. So this is what Amazon founder Jeff Bezos meant when he promised once to “focus relentlessly on our customers”!... Read more ›
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Benchmark has led the first round of funding for a three-month-old artificial intelligence startup founded by former Salesforce co-CEO Bret Taylor and ex-Google executive Clay Bavor at a valuation of over $100 million, according to a person with direct knowledge of the deal. Taylor and Bavor’s company raised at least $20 million in the round, including from Sequoia Capital, an active venture investor in AI this year. The company wants... Read more ›
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David Dobrik first gained fame as an online influencer when he was a teen on the six-second video app Vine, then as a vlogger through his self-named YouTube channels. But in the past 18 months, he’s quietly become one of the top creators on Snapchat, where he posts 80 to 100 times a day and has 7.4 million subscribers. It’s a sign of how Snap has been able to court... Read more ›
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OpenAI’s stated goal is to develop and promote a software system capable of artificial general intelligence. Toward that end, the company has released systems based on large-language models, which can respond to prompts with fluent conversation on many subjects. ChatGPT, Microsoft’s Bing chatbot and other new systems based on OpenAI’s GPT-3 and GPT-4 models are truly incredible and perform far beyond previous attempts at achieving AGI. However, I would caution... Read more ›
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What does the future of Binance.US look like? The crypto exchange, founded as a U.S. offshoot of Binance in 2019, is in a precarious situation after the Securities and Exchange Commission sued both exchanges and their founder, Changpeng Zhao, for securities violations earlier this month. The allegations included that Binance and Zhao commingled customer assets and secretly controlled Binance.US.A judge approved an agreement on Saturday between the SEC and Binance.US... Read more ›
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If you want a sense of what you might be able to do with Apple’s new Vision Pro mixed-reality headset in the future, consider this. Apple left a lot of bold new features it had been developing for the headset on the cutting-room floor—at least for now. Those include plans for fitness experiences, ambitious tools to help developers quickly and easily create augmented reality content and the ability to see... Read more ›
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Talk about falling out of favor. Alibaba’s news today that its chair and CEO Daniel Zhang would step down so he can focus on the spinoff of Alibaba’s cloud unit—which he will continue to run—sent the company’s shares down 4.5%. That makes little sense on a number of levels. For one thing, as we wrote last year, there have long been questions about whether Zhang was the right person to... Read more ›
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05.04.2026 10:07
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