Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth SlowsRead more

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Discovery Reports Lower Ad Revenue for Quarter

By
Martin Peers
· · Source: The Information

Discovery Communications became the latest TV company to report shrinking ad revenue for the September quarter, demonstrating how much of the ad market shifted to digital from TV in the quarter. Discovery, which owns cable channels such as the Discovery Channel, Animal Planet and TLC, said ad revenue at its U.S. networks fell 8% “driven by softer demand stemming from the Covid-19 pandemic” as...

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Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth Slows
By Natasha Mascarenhas and Stephanie Palazzolo · Sept. 28, 2023 6:40 PM PDT
Dave Rogenmoser, cofounder of Jasper. Photo via Getty.
Jasper AI, an early darling of the generative artificial intelligence boom, has cut the internal value of its common shares 20%, according to former employees who were notified by the company. The drop in Jasper’s internal valuation could indicate that the growth of its AI-powered writing tool for marketers has slowed since the company raised venture funding at a $1.5 billion valuation in...
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