Ant Financial, Alibaba’s financial services affiliate, said it plans to turn its Alipay payment app into a much bigger and broader platform where users can access 40 million online and offline services in China. The plans, announced by the company on Tuesday, would intensify Alibaba’s battle against other Chinese super-apps like Tencent’s WeChat and Meituan Dianping, which also serve as gateways...
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At 7 a.m. on August 22, 2022, Yaron Inger woke up to find his business irrevocably changed. The co-founder and chief technology officer of Lightricks, which develops Facetune and other popular media-editing apps, scrolled through his newsfeed, his eyes flicking from one image to another. While Inger slept, Stable Diffusion, an open-source artificial intelligence text-to-image generator, had...
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For Tech CEOs, ‘Challenging’ Means Dismal
