Until late last year, Bank of America branch staffers would learn how to handle a potential stick-up through guidebooks and online videos. Today, tellers are immersed in a 3D virtual reality environment, in which a gunman aims a weapon at them or furtively hands them a threatening note demanding money. The bank measures tellersâ reactions and the time it takes them to respond to a robberâs threat. With those analytics... Read more âș
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Hi, welcome to your Weekend.You won't find many venture investors who are shedding tears for Roelof Botha. As only the fourth person to lead Sequoia Capital over the past 51 years, Botha now occupies a seat at the very highest echelons of the trade. But despite his lofty perch, little has gone easy for Botha since he was handed the reins last summer. As Kate and Abe explore in this... Read more âș
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Dallin Billsâ family has a very specific Motherâs Day ritual. The Battery Ventures principal and his three kids, ages 7, 5 and 1, cut out hearts from colorful construction paper. On each paper heart, the group writes down their favorite things about their mom, Kayla, such as âI like it when Mom swings me on the swingâ and âA word I think of when I think of Mommy is âI... Read more âș
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Amazon is building a team to work on artificial intelligence tools that will generate photos and videos for merchants to use in advertising campaigns on its platform, a company spokesperson confirmed, efforts that could help diversify its ad business. Amazon's ad business has grown by double-digit percentages every quarter since Amazon started breaking out its revenue in 2021. It brought in $38 billion last year but currently centers on ads... Read more âș
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Will AI video kill the radio star? Judging from the surge of artificial intelligenceâgenerated beer commercials and âStar Warsââthemed Wes Anderson trailers popping up on social feeds this week, it just might. The AI video onslaught began officially in late March, when Runway, an AI startup newly valued at $1.5 billion, announced its Gen 2 program. While the companyâs Gen 1 software lets customers use AI tools to modify their... Read more âș
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Instacart has long primed itself for a much-watched public debut, keeping its regulatory filings up to date and improving profits. But one new factor may delay a public debut: a slowdown in growth. In the first quarter, Instacart saw its gross order volume grow between 5% and 10% compared to the same period last year, people briefed on the matter said. That compares with 16% for all of 2022, when... Read more âș
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One day in March, Sequoia Capital assembled a show of force: a private summit on artificial intelligence hosted at the firmâs airy offices in San Franciscoâs Mission District. Around 100 people gatheredâa whoâs who of techâs hottest sector, including OpenAI CEO Sam Altman; Kevin Scott, Microsoftâs chief technology officer; and Dario Amodei, co-founder and CEO of Anthropic, a two-year-old generative AI startup recently valued at $4.1 billion. Roelof Botha, who... Read more âș
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Welcome back!Last week, we detailed how cost cutting had shaken up management at Amazon and Meta Platforms. Snap too is shuffling its ranks, while Google parent Alphabet now has its two sometimes-squabbling artificial intelligence labs working together. We continually update our Org Charts for 40 companies, sometimes without publishing stories about the changes, so keep an eye out for how companies reorder their staff.We updated our Org Chart for Snap... Read more âș
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In 2018, Coinbase CEO Brian Armstrong made a trip to Washington in what was one of his first formal visits to meet with lawmakers. Over two days, Armstrong and his team, which included senior policy and communications staff and lobbyists from Franklin Square Group, met with roughly 30 people, including lawmakers, according to two people with direct knowledge of the matter. Armstrong and other company executives felt the meetings were... Read more âș
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We got a barrage of March-quarter earnings today and they provide a good summary of whoâs up and whoâs down in tech and media. (Spoiler alert: Apple did fine, but given how weak the smartphone and PC markets are, thatâs not saying much). For more details, grab a coffee (or a beer) and relax. Here we go:In ride hailing, Lyft is barely growing and is still burning cash, which means... Read more âș
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Most social media platforms have a similar method for users to increase the visibility of their posts: pay to turn existing posts into revenue-generating advertisements. At least, thatâs the case for Instagram, Facebook, LinkedIn, Pinterest and TikTok, where users can pay for their post to show up in userâs feeds as an ad. Facebook has allowed users to do this since 2007, while TikTok most recently introduced its Promote feature... Read more âș
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Rapid innovations in artificial intelligence have already upended many aspects of our lives, from the way we view and access the internet to how we think about the future of work. Itâs only natural, then, that this swift-moving newscycle also upended the agenda for our call with subscribers on the need for AI regulation. In just the three days before the event, IBM CEO Arvind Krishna said in an interview... Read more âș
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The biggest bank failure since the financial crisis and the fourth bank failure of the year happened this week. But no one in Silicon Valley seemed to care. Thatâs probably because theyâre all exhausted by the slow-moving train wreck thatâs transpired over the past three months. Or becauseâafter the fall of crypto exchange FTX last fall and Silicon Valley Bankâs overnight meltdown in Marchâtheyâve come to expect record-setting blowups at... Read more âș
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OpenAIâs losses roughly doubled to around $540 million last year as it developed ChatGPT and hired key employees from Google, according to three people with knowledge of the startupâs financials. The previously unreported figure reflects the steep costs of training its machine-learning models during the period before it started selling access to the chatbot. Even as revenue has picked upâreaching an annual pace of hundreds of millions of dollars just... Read more âș
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When I was researching my book about con artists, I encountered the chief financial officer of a large company whoâd been arrested for fixing the books after a series of losses. He seemed like a nice, down-to-earth guy, like someone who was just caught in a bad situation. Yes, he fudged a few numbers to stay afloatâa bad choice, but not con artist-level bad. Only the longer the case went... Read more âș
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For years, Googleâs YouTube couldnât get any respect from the TV industry. TV marketers wouldnât go near it out of fear that their ads would be tainted by running alongside YouTubeâs amateur content. And analysts and research firms treated the streaming service as separate from the rest of television when analyzing TV viewing and advertising. How things have changed. One startling statistic shows how YouTube is now unequivocally the king... Read more âș
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For years, Klaviyoâs best partner was e-commerce giant Shopify. Now, as the marketing software firm once valued at $9.5 billion gears up for an initial public offering, itâs looking to make new friends. Most of the 110,000-plus merchants paying for the companyâs software are e-commerce sellers who host their sites on Shopify. But Klaviyo is now trying to diversify its customer base, in part by overhauling its sales force to... Read more âș
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Trailing rivals in the U.S. and China, once high-flying electric vehicle battery developer QuantumScape is lowering its ambitions and aiming to make smartphone-size batteries, a pivot it hopes will restore its momentum and contain the damage from a delayed production ramp.Until now, the San Jose, Calif., company has sought to make a single productâlarge pure lithium metal batteries delivering far longer EV driving range than current lithium-ion batteries can. But... Read more âș
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Uh oh. Here we go again. In todayâs headlines: TikTok, which could use some positive press attention at the moment, has begun allowing publishers to sell ads alongside their videos while keeping half the revenue. And some big publishers are taking it up on the invitation.The Wall Street Journal heralds the move thusly: âThe opportunity to sell ads in social mediaâs hottest app comes as many publishers are struggling to... Read more âș
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More videos created with the help of AI tools are circulating online. In one of the latest examples, a commercial for an imaginary pizza chain created by a video producer with the handle Pizza Later garnered more than half a million views across YouTube, Reddit and Twitter. The anonymous producer used a bevy of AI tools, including OpenAIâs GPT-4 technology for the script, Midjourney to generate images, and Runwayâs Gen-2... Read more âș
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05.04.2026 19:41
Last update: 19:25 EDT.
News rating updated: 02:30.
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