Cap table management startup Carta has found itself dealing with a recent public relations crisis over the past couple of days. This is not Carta’s first public scandal, but this new incident has stirred more attention due to its direct impact on the company’s customers. Here’s what happened: According to Carta, one sales employee […]
What lies ahead for Carta? Read More »
Last week, Artifact, a noteworthy news app developed by Instagram’s co-founders, announced its closure due to challenges in achieving critical mass. Despite positive feedback from its core audience and its strategic use of AI for recommendations, news summarization, and clickbait rewriting, along with a sleek and modern design, the app faced unexpected setbacks. New data
The Fate of Artifact: A Closer Look Read More »
The European Commission has sent requests for information (RFI) to 17 platforms subject to algorithmic transparency regulations under the bloc’s Digital Services Act (DSA), it said today. These asks are specifically in relation to requirements that platforms provide data access to researchers investigating systemic risks in the European Union. The list of so-called very large
EU Amplifies Focus on Major Platforms Regarding Data Access for Risk Research Read More »
Solana Mobile is making waves after unveiling its second web3 phone, named “Chapter 2,” this week. While its initial handset, Saga, experienced a gradual surge in sales that eventually led to a complete sellout in the U.S. and European Union, the Chapter 2 is witnessing a significantly faster depletion. The demand for Chapter 2
It’s challenging to envision a repetition of the remarkable year the chip and technology sector experienced in 2023, but both financial and technology analyst groups almost universally agree that 2024 is poised to be just as impressive. Driven by the increasing demand for computing power, especially with the surge of AI, chip companies are
Close to a dozen copyright infringement cases were filed against various AI companies in 2023, but one particular lawsuit stands out for its potential wide-reaching implications. The New York Times filed a copyright infringement case against privately held OpenAI and its partner/investor Microsoft Corp. in late December 2023. This lawsuit has the potential to
This Lawsuit Against AI Companies Might Revolutionize Copyright Cases Read More »
https://www.youtube.com/watch?v=bqYCUV8Rt8o The CEO of Qatar’s $450 billion sovereign wealth fund, a significant player in European property acquisitions, expressed concerns about the commercial real estate market. Mansoor Al Mahmoud, CEO of the Qatar Investment Authority, highlighted the sector’s “a little bit of risk” due to leverage and funding costs in a Bloomberg Television interview at the
Qatar’s $450 billion wealth fund has no plans to forsake Canary Wharf. Read More »
In his initial quarterly earnings report to investors on Tuesday morning, the recently appointed chief executive officer initiated his presentation with charts illustrating the “15 years of transformation” undergone by the company. Between 2009 and 2014, the firm predominantly derived its revenue and profit from its Wall Street operations. However, the period from
The cost of owning a car in the US experienced a sharp increase following the disruption caused by Covid, leading to assembly line shutdowns and a scarcity of crucial semiconductors. Subsequently, the Federal Reserve swiftly raised interest rates to combat inflation, resulting in higher costs for car loans. Consequently, by December, the average sticker price
The Increasing Cost of Purchasing a Car in the United States Read More »
Presidential candidate Vivek Ramaswamy, despite withdrawing from the race, experienced a significant financial boost during his campaign. While competing for the Republican nomination in Iowa and nationwide over the past year, Ramaswamy’s wealth increased by over $100 million. Exiting the campaign, his estimated net worth rose to $960 million from around $840 million in February
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