OpenAI Is Making Headlines. It’s Also Seeding Talent Across Silicon ValleyRead Now

Uber's SVP of business, Emil Michael. Photo by Bloomberg.
The Weekly Digest

The Weekly Digest: The Information You Missed This Week

Photo: Uber's SVP of business, Emil Michael. Photo by Bloomberg.

Good Morning!

This week the tech industry presented us with a question that speaks to one of the profound issues of our time: which name for a former Yahoo-owned property is worse—Oath or Altaba?


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The Briefing markets facebook
Meta Declares ‘Year of Efficiency’ as Revenue Stagnates
By Martin Peers · Feb. 1, 2023 5:00 PM PST
Photo by Bloomberg
We’re in the middle of Chinese New Year celebrations at the start of the Year of the Rabbit. At Meta Platforms, though, it’s the “year of efficiency,” as CEO Mark Zuckerberg declared Wednesday on announcing fourth-quarter results. Investors such as Altimeter Capital, which last fall called on Meta to streamline, will be happy. It’s just a pity that Meta, like much of big tech, appears to have...
Latest Briefs
 
TikTok Meets Republican Lawmaker to Discuss Data Security Plans
By Juro Osawa · Feb. 1, 2023
Coatue General Partner David Cahn Departs for Sequoia Capital
By Erin Woo · Feb. 1, 2023
Tiger Global Reportedly Lowers Fundraising Target
By Erin Woo · Feb. 1, 2023
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Photo by Bloomberg
The Briefing markets facebook
Meta Declares ‘Year of Efficiency’ as Revenue Stagnates
By Martin Peers
We’re in the middle of Chinese New Year celebrations at the start of the Year of the Rabbit. At Meta Platforms, though, it’s the “year of efficiency,” as CEO Mark Zuckerberg declared Wednesday on announcing fourth-quarter results.
Cameo co-founders Steven Galanis, Devon Townsend, Martin Blencowe, from left to right. Photo by Michael Kovac/Getty Images
Creator Economy startups crypto
Cameo and Rally Shutter NFT Products, #Paid Conducts Layoffs
By Kaya Yurieff
I’m kicking off today’s newsletter with some news: Creator services from Rally to Cameo are ditching crypto features that generated lots of buzz during the pandemic.
Stripe CEO Patrick Collison. Photo by Bloomberg.
Crypto Global crypto
Stripe’s Ill-Timed Crypto Re-Entry; SBF Needs to Stay Off Signal
By Aidan Ryan
My colleagues have been busy covering the latest at payments giant Stripe , which is in talks with existing investors that include Joshua Kushner ’s Thrive Capital to raise $3 billion.
Photo by Bloomberg.
e-commerce amazon
Amazon’s No-Fly Zone: Drone Delivery Largely Grounded Despite Splashy Launch
By Theo Wayt
Amazon in December announced with great fanfare that, after nearly a decade of work, it had finally launched drone delivery in the U.S., in two towns in California and Texas.
Exclusive entertainment
Netflix Tells Advertisers Sign-Ups to Ad Tier Doubled in January
By Sahil Patel
Netflix is making progress in its plunge into advertising—slowly. The streaming firm told advertisers in the past 10 days that new sign-ups for the tier with ads had doubled in January over December, a sign that low-cost offering was catching on with subscribers, ad executives say.
Photos via Adept Labs, Edmund Hillary Fellowship, Gantry ML, KIT Gründerschmiede, Sci Founders, Shutterstock, Stanford University, University of Central Florida, UC Irvine, UC Berkeley and YouTube.
Exclusive ai
OpenAI Is Making Headlines. It’s Also Seeding Talent Across Silicon Valley
By Jon Victor and Aaron Holmes
OpenAI has just 375 full-time employees, but its buzzy chatbot, ChatGPT, is shaking up Silicon Valley.