Uber has officially cut the dead weight known as Uber Eats India from its balance sheet. The details of its deal with Zomato, the Indian equivalent of Yelp, is virtually the same as what we reported two months ago : Uber gets a stake of about 10% in Zomato that is worth several hundred million dollars on paper. The deal allows Uber to stop hemmoraging cash there, though it continues to operate...
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The Real CNN Drama is Cable News' Growing Irrelevance
To paraphrase Tolstoy, each unhappy TV channel is unhappy in its own way. And as illustrated by the leadup to the Wednesday exit of CNN’s CEO, Chris Licht, the cable news channel hasn’t been a happy place lately. That’s not likely to change now that Licht is gone. Beyond the gossipy drama behind his departure is the reality that CNN and its corporate parent, Warner Bros. Discovery, are both...
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Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.