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

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Ant Group to Offer Employees Zero Interest Loans

Ant Group, the powerful Chinese online financial conglomerate whose IPO was blocked last year, is offering zero interest loans to employees to boost their morale, Bloomberg reported. The offer to borrow money off of employees’ stock options comes after regulators spiked what was going to raise a record $35 billion for billionaire Alibaba founder Jack Ma’s company. Bloomberg said the loans...

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Meta Declares ‘Year of Efficiency’ as Revenue Stagnates
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...
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Meta Platforms’ Revenue and Profit Fall in Q4
Checkout.com Shuffles Executives to Double Down on U.S. Expansion
Judge Tells Sam Bankman-Fried to Stop Texting Former FTX Colleagues
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Photo by Bloomberg
The Briefing markets facebook
Meta Declares ‘Year of Efficiency’ as Revenue Stagnates
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
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Cameo and Rally Shutter NFT Products, #Paid Conducts Layoffs
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.
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Stripe’s Ill-Timed Crypto Re-Entry; SBF Needs to Stay Off Signal
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.
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Amazon’s No-Fly Zone: Drone Delivery Largely Grounded Despite Splashy Launch
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.
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Netflix Tells Advertisers Sign-Ups to Ad Tier Doubled in January
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.
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OpenAI Is Making Headlines. It’s Also Seeding Talent Across Silicon Valley
OpenAI has just 375 full-time employees, but its buzzy chatbot, ChatGPT, is shaking up Silicon Valley.