ByteDance co-founder and CEO Liang Rubo urges staff to resist mediocrity after the company missed the initial wave of generative AI, in a company-wide meeting — - Co-founder said the company showed signs of complacency — Chinese peer Baidu claims its model can rival OpenAI's ChatGPT
Berlin-based Delivery Hero plans to sell 68.2M shares of Deliveroo, or a ~4.5% stake worth ~£83M, and does not expect to hold any Deliveroo stock afterwards — Sector has been coming under increasing pressure to demonstrate profitability as cost of capital has risen
Raspberry Pi CEO Eben Upton says the company is in the early stages of planning a London IPO, appointing two banks, after considering a listing in early 2022 — - Peel Hunt, Jefferies are working on possible listing — Raspberry Pi previously attempted a London listing in 2022
The AI boom has spurred law firms, hospitals, insurance companies, government agencies, and others to create chief AI officer roles to navigate the use of AI — Many feared that artificial intelligence would kill jobs. But hospitals, insurance companies and others are creating roles to navigate and harness the disruptive technology.
Source: Japanese telecom NTT and Intel plan to build tech to mass-produce next-gen chips using optical tech to reduce power consumption, a possible game changer — SK Hynix to also join, with Tokyo providing $300m government support — Demand for the next-generation semiconductors …
Apple updates Shazam to add support for identifying songs from other apps while listening via wired or Bluetooth headphones — Apple's Shazam is now better than ever. — Shazam has long been the go-to app for people who want to know what song they're listening to but now it's better than ever thanks to a new version 17.3 update.
Q&A with Simon Willison, Django co-creator and an influential observer of AI software, on copyright concerns over AI, open-source AI models, LLMs, and more — Code assistance is like having a weird intern who memorized the docs — AI SOFTWARE WEEK Simon Willison …
Sources: Reddit is targeting a valuation “in the mid-single-digit billions” for its planned IPO in March, after raising funds at a $10B valuation in 2021 — - Firm, advisers considering figure after early investor talks — Private trades value social media company below $5 billion
Sources: Meta believes Apple's Vision Pro can reinvigorate its metaverse effort, with the Quest ecosystem filling the role Android played in smartphones — Company executives are optimistic about competition as billions spent have yet to translate into wide consumer adoption
Europe's blue-chip stocks index Euro Stoxx 50 hits its highest level since 2001, with ASML and SAP, the region's two biggest tech stocks, leading the charge — - Rally in megacaps SAP, ASML and LVMH boosts Euro Stoxx 50 — Diversification by sector and geography seen as tailwinds
Apple removes a requirement that apps with third-party log-ins must offer Sign in with Apple, but requires an equivalent option with certain privacy features — There's another small but notable change coming to the App Store. Apple has revised its App Store guidelines to remove the requirement …
Sources: the US plans to award billions in subsidies to Intel, TSMC, and other chip makers in coming weeks, amid concerns about slow implementation of CHIPS Act — Industry, lawmakers worry semiconductor production could take years because of negotiations, permitting and worker shortages
Chrome's upcoming “Help Me Write” experimental AI feature could be a key step in making the web a place where most words are written by bots instead of people — Starting next month, Google will begin rolling on a new experimental feature in Chrome, the most popular browser on Earth …
A look at the US Copyright Office, which is in the spotlight as it plans to release three key reports in 2024 revealing its position on copyright law and AI — The office is reviewing how centuries-old laws should apply to artificial intelligence technology, with both content creators and tech giants arguing their cases.
Source: Salesforce plans to lay off ~700 employees, or ~1% of its staff, after cutting 10% of its workforce in January 2023; the company has 1,000 open jobs — The layoffs, which will affect around 1% of its workforce, follow a 10% reduction last year — Salesforce is laying off around …
Ellesheva Kissin / Financial Times : UK accountancy regulator FRC says auditors can't blame AI for audit failures, after it published...
