By Mark Sullivan July 19, 2023 Bloomberg’s Mark Gurman wrote Wednesday that Apple has been quietly developing its own generative AI models, and may even try to compete with OpenAI and Google in the chatbot wars. Gurman’s (unnamed) sources say Apple management is still deciding how the company might publicly release the technology, which has … Continue reading Apple has better reasons than Wall Street to jump into the generative AI arms race
By Michael Grothaus May 31, 2023 Layoffs have unfortunately been all too common in 2023. Tech layoffs by far have dominated headlines, with the tech industry cutting over 200,000 jobs since the start of the year, according to data compiled by Layoffs.fyi. Media layoffs have also garnered a lot of attention. But another industry … Continue reading Wall Street mass layoffs continue as Goldman Sachs plans new round of job cuts: reports
Agencies To Wall Street: Short The Video Ad Marketplace by Joe Mandese @mp_joemandese, January 26, 2023 As part of a regular series of ad-executive fireside chats with Wall Street analysts at New Street Research, two influential agency media executives — GroupM’s Kate Scott-Dawkins and Horizon’s Donnie Williams — said the kind of short-form video advertising … Continue reading Agencies To Wall Street: Short The Video Ad Marketplace
By Samar Marwan January 13, 2023 In the first year of the pandemic, Wall Street went on a hiring spree to staff up for the wave of companies that merged and IPOed. Now, with interest rates continuously climbing, the banks are backpedaling and scaling back their workforces. Here’s a roundup of some recently impacted companies: … Continue reading Wall Street layoffs continue across the board. Here’s the latest
By Michael Grothaus November 21, 2022 In one of the most unexpected business twists of the year, the Walt Disney Company announced late last night that former CEO Bob Iger is returning to lead the company once again as its chief executive officer, ousting Bob Chapek, Iger’s replacement, after only three years. The move … Continue reading Bob Iger returns to Disney as CEO: Stock price soars, Wall Street cheers. Here’s what to know
By Matt Stoller November 11, 2022 This article is republished with permission from BIG, a newsletter on the history and politics of monopoly power. Subscribe here. “I’m sorry. That’s the biggest thing. I fucked up, and should have done better.”—Sam Bankman-Fried, 2022 “Recklessness and deceit do not automatically excuse themselves by notice of repentance.”—Louis … Continue reading Gary Gensler is the sheriff of Wall Street, so why couldn’t he rein in Sam Bankman-Fried?
By Michael Grothaus April 06, 2022 When many people think of internships, they think of temporary positions with low to no pay—a trade-off one makes in order to gain experience and, hopefully, a permanent job in the future. Unfortunately, unpaid internships hurt more than just the intern’s wallet. But if Glassdoor’s latest roundup … Continue reading These 7 finance companies have the highest-paid interns on Wall Street and beyond
By Michael Grothaus March 24, 2022 The federal minimum wage in the United States has not risen since 2009. It was set at $7.25 an hour that year, and remains so today in 2022. Wall Street bonuses, on the other hand, have risen steadily. And now a report from Inequality.org shows that if the federal … Continue reading The minimum wage would be $61.75 an hour if it rose at the same pace as Wall Street bonuses
With users declining for the first time ever and a steep drop in stock price, the social media giant is looking vulnerable. Kim Davis on February 4, 2022 The last few days have not been good for Facebook — or rather Meta, as we must learn to call the company. Shares fell almost 25% (and … Continue reading Facebook finally hits a brick wall
Embeddable AR ad types offered to marketers and agencies without additional apps. Chris Wood on January 19, 2022 Ericsson’s mobile ad technology business, Emodo, today announced a partnership with web-based augmented reality (WebAR) company 8th Wall to establish an end-to-end WebAR advertising solution. This solution aims at providing agencies and brands the ability to create … Continue reading New AR advertising experience from Emodo’s partnership with 8th Wall
