Uber CEO Dara Khosrowshahi told staff on Tuesday to expect a decision about layoffs in the next two weeks as the ride-hailing company struggles with depleted demand for its core business. “Hope is not a strategy,” he told employees. “We’re not going to avoid hard decisions.” Some employees took that to mean job cuts were inevitable. The comments came a week after The Information reported...
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Pro Weekly: Generative AI Spurs Cloud Demand—and Competition
Welcome back!To help readers track the frenzy around generative artificial intelligence, we launched The Information's Generative AI Database, listing 39 startups that make AI models or build services on top of them. Together, those companies have raised more than $15 billion from more than 50 investors.OpenAI, whose ChatGPT fueled the generative AI craze, has seen the bulk of that haul,...
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