Etsy has announced the acquisition of London-based second-hand clothing platform Depop for $1.6 billion. The deal will give the millennial craft-focused company a valuable foothold in the Gen-Z ecommerce market. The mostly cash deal for Depop will see Etsy acquire one of the pioneering companies of the second-hand fashion ecosystem, and one that is especially attuned to the desires of young...
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How Microsoft is Trying to Lessen Its Addiction to OpenAI as AI Costs Soar
Microsoft’s push to put artificial intelligence into its software has hinged almost entirely on OpenAI, the startup Microsoft funded in exchange for the right to use its cutting-edge technology. But as the costs of running advanced AI models rise, Microsoft researchers and product teams are working on a plan B. In recent weeks, Peter Lee, who oversees Microsoft’s 1,500 researchers,...
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To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier