One man in the hot seat today in Sun Valley was AT&T CEO Randall Stephenson, who was barraged by reporters wanting reaction to the surprise news that the Justice Department would appeal the AT&T-Time Warner decision. As he was hustling in the hot sun to a meeting, he said AT&T would fight the appeal and would prevail. One man in a decidedly less hot seat was everyone’s favorite mogul...
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AI Startups Are Facing a Reckoning
A reckoning may be coming for once-hot artificial intelligence startups. Among the most vulnerable: consumer apps (think Character.AI) and “thin wrapper” startups like CopyAI that merely provide a nice user interface on top of a third-party model from model developers like OpenAI. We got a sense of the slowdown last week, when Natasha and I reported that Jasper, an early generative AI...
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