By Chris Morris February 07, 2024 The Walt Disney Co. has announced plans to make a $1.5 billion equity investment into Epic Games, which will give the entertainment giant an equity stake in the creator of the Fortnite video game. Disney CEO Bob Iger, appearing on CNBC Wednesday afternoon, called the initiative Disney’s “biggest … Continue reading Disney invests $1.5 billion in ‘Fortnite’ creator Epic Games, its ‘biggest foray into the games space ever’
Quest 3 drives huge quarterly revenue of over $1 billion for Meta’s Reality Labs Paul McNally / Last Updated: Feb 2, 2024 Meta’s Quest 3 headset had a strong Q4 last year. At stages over the holiday period, it was outselling Sony’s PSVR2 by 30 units to one on Amazon in the run-up … Continue reading Quest 3 drives huge quarterly revenue of over $1 billion for Meta’s Reality Labs
The global martech market will hit 13.3% annual growth in the coming years, up from 10.9% in 2023, according to a new Forrester forecast. Chris Wood on January 23, 2024 A multi-year martech boom is underway. Global martech spend is projected to surpass $ 215 billion annually by 2027, up from $ 131 billion in … Continue reading Martech set to exceed $215 billion by 2027
The holiday season just past shattered all records for ecommerce with online sales growing almost 5% over 2022. Kim Davis on January 4, 2024 Consumers spent $ 220.1 billion online during the recent holiday season, up $ 10.4 billion on the previous year, a growth of almost 5%. That’s an all-time record, as measured by … Continue reading $221 billion adds up to a record online holiday season
Google agrees to settle $5 billion lawsuit accusing it of tracking Incognito users The complaint said Google deceived people into thinking they could control what information they share. Mariella Moon Fri, Dec 29, 2023, AP Photo/Eric Risberg In 2020, Google was hit with a lawsuit that accused it of tracking Chrome users’ activities even … Continue reading Google agrees to settle $5 billion lawsuit accusing it of tracking Incognito users
The FTC is reportedly looking into Microsoft’s $13 billion OpenAI investment The UK’s Competition and Markets Authority has shared similar sentiments. Will Shanklin Fri, Dec 8, 2023 Chip Somodevilla via Getty Images OpenAI’s recent drama hasn’t only caught UK regulators’ attention. Bloomberg reported Friday that the Federal Trade Commission (FTC) is looking into Microsoft’s … Continue reading The FTC is reportedly looking into Microsoft’s $13 billion OpenAI investment
By Chris Stokel-Walker December 06, 2023 Investor interest in generative AI startups remains high, with more than $21 billion plowed into companies in the first nine months of this year, according to Pitchbook. And xAI, the AI company founded by Elon Musk, wants to add significantly to that total. xAI aims to raise up … Continue reading Elon Musk’s xAI wants to raise $1 billion. But can his AI company stand out?
By Yasmin Gagne December 03, 2023 As drugs like Ozempic and Wegovy become more widespread, an increasing number of employees are asking their insurance to cover them. Recently though, employers including the University of Texas and private healthcare system Ascension have halted coverage saying that they cannot keep up with the rising costs as … Continue reading This $2 billion unicorn startup is corporate America’s secret weapon against Ozempic
By Chris Stokel-Walker November 22, 2023 On Tuesday night, OpenAI announced that it had reached an agreement in principle for cofounder and recently ousted CEO Sam Altman to return to the company. As part of the arrangement, the $80 billion company will also have a new board composed of Bret Taylor, Larry Summers, and … Continue reading OpenAI nearly blew up their $80 billion company. But was the issue they were reportedly arguing over really the right issue?
LinkedIn hits 1 billion users launches AI chatbot coach Deanna Ritchie / Nov 2, 2023 On Wednesday, November 1, 2023, LinkedIn revealed that it has reached over 1 billion members and has introduced an artificial intelligence (AI) chatbot to serve as a “job seeker coach.” Along with the chatbot, the Microsoft-owned company also launched … Continue reading LinkedIn hits 1 billion users launches AI chatbot coach
