Reeling from a regulatory crackdown and signs of slowing economic growth, some Chinese tech firms are laying off hundreds of workers. Chinese media have reported deep cuts in firms, with iQiyi and Kuaishou among those hit. At iQiyi, the streaming-video site backed by Chinese search giant Baidu, some departments such as marketing and distribution saw as much as 30% of the staff let go,...
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Don’t Build the Wrong Kind of AI Business
At a catch-up coffee a few weeks ago, a founder friend asked me, “What AI thing should we build?” It was the third time that week a founder had asked me the same question. Generative artificial intelligence is 99% of the buzz in Silicon Valley right now. In just the last few weeks, Open AI released GPT-4, its most advanced language model to date; Google announced AI for the...
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