Sources
- Technology
Sources: OpenAI is in talks to raise $300M+ from Thrive and Founders Fund in a tender offer, valuing the company at ~$29B, up from $14B in its 2021 tender offer (Wall Street Journal)
Wall Street Journal: Sources: OpenAI is in talks to raise $300M+ from Thrive and Founders Fund in a tender offer,…
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Internal docs and sources: Facebook scaled back a plan to heavily demote politics and sensitive topics after finding it came at a "high and inefficient cost" (Wall Street Journal)
Wall Street Journal: Internal docs and sources: Facebook scaled back a plan to heavily demote politics and sensitive topics after…
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Sources: Dell plans to stop using chips made in China by 2024 and tells suppliers to significantly reduce the number of China-made components in its products (Cheng Ting-Fang/Nikkei Asia)
Cheng Ting-Fang / Nikkei Asia: Sources: Dell plans to stop using chips made in China by 2024 and tells suppliers…
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Sources: Amazon plans to lay off over 17,000 employees, more than the 10,000 workers it expected in November 2022, with new cuts starting over the coming weeks (Wall Street Journal)
Wall Street Journal: Sources: Amazon plans to lay off over 17,000 employees, more than the 10,000 workers it expected in…
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Sources: Sirius XM and Amazon are slowing podcast deals, Spotify is freezing US budget for new podcasts; all three seek to keep 50% of ad revenue vs. 20% before (Bloomberg)
Bloomberg: Sources: Sirius XM and Amazon are slowing podcast deals, Spotify is freezing US budget for new podcasts; all three…
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Sources: China is pausing massive investments and costly subsidies aimed at building a chip industry to compete with the US, amid a nationwide COVID-19 wave (Bloomberg)
Bloomberg: Sources: China is pausing massive investments and costly subsidies aimed at building a chip industry to compete with the…
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Sources: Microsoft is preparing a version of Bing that uses the OpenAI software behind ChatGPT to answer some search queries, which could launch by March 2023 (Aaron Holmes/The Information)
Aaron Holmes / The Information: Sources: Microsoft is preparing a version of Bing that uses the OpenAI software behind ChatGPT…
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Sources: crypto payments startup Wyre told its staff it's shutting down; Bolt planned to acquire Wyre for ~$1.5B, but the deal was canceled in September 2022 (Axios)
Axios: Sources: crypto payments startup Wyre told its staff it’s shutting down; Bolt planned to acquire Wyre for ~$1.5B, but…
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Sources: founder Richard Liu berated JD.com executives for poor performance and remains the undisputed decision maker despite having quit many frontline roles (Ben Jiang/South China Morning Post)
Ben Jiang / South China Morning Post: Sources: founder Richard Liu berated JD.com executives for poor performance and remains the…
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