Brands are reassessing their supply chain strategies and emphasizing social commerce platforms to cater to Gen Z, especially TikTok and Instagram.
Category: Technology
Bitcoin windfall coming for Mt. Gox creditors after decade-long wait and 10,000% price spike
Defunct bitcoin exchange Mt. Gox, a decade after bankruptcy, will soon begin paying back users roughly $9 billion worth of crypto.
SoftBank shares rise on $1.86 billion debt offering as CEO talks up ‘super’ AI
Softbank, which has a huge technology investment arm called the Vision Fund, has suggested it is looking to ramp up investments in artificial intelligence.
Crypto company Consensys sued by SEC as regulator continues industrywide crackdown
The SEC on Friday filed sued against blockchain software company Consensys, alleging the improper sale of securities.
Tech founders are shunning IPOs after extended market lull, survey finds
Only 15% of the 1,550 entrepreneurs surveyed by Techstars said their long-term goal is an IPO.
Amazon beefs up AI development, hiring execs from startup Adept and licensing its technology
As part of the deal, Amazon will license technology from Adept including some of its AI models and datasets.
Amazon is doubling value of credits for some startups to build on AWS as Microsoft cloud gains ground
With Microsoft’s artificial intelligence technology drawing in more entrepreneurs to its cloud, Amazon wants to ensure that founders keep building on AWS.
OpenAI and Time strike multiyear deal to improve ChatGPT with journalistic content
OpenAI and Time said the new deal will allow OpenAI to access more than 100 years’ worth of the newsmagazine’s articles.
Figma CEO says it is ‘eating cost’ of AI upgrade for customers in 2024
Figma is rolling out an AI upgraded design platform for free as its CEO Dylan Field says it’s unclear how many users want AI, and how good the tech is.
OpenAI, Microsoft sued by Center for Investigative Reporting as news industry bolsters attack on AI
Following lawsuits filed by The New York Times and other publications, the Center for Investigative Reporting is now taking on OpenAI and Microsoft.