Rent the Runway expects up to 50% revenue growth this year, as people return to offices and attend more social events. The online clothing rental service is “benefiting from an events boom” and companies returning to the office, where professionals are looking to dress more stylishly than before the pandemic, CEO Jennifer Hyman said on an earnings call for its fiscal fourth quarter. The...
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Microsoft CEO Says AI ‘Vicious Cycle’ Will Boost Google; Meta and OpenAI’s Other Rivalry
CEOs often speak from both sides of their mouth, depending on who their audience is. On Monday, Microsoft CEO Satya Nadella painted a scary picture of how Google could multiply its power in the age of artificial intelligence. His doom and gloom comments, made before a federal judge in Washington, contrasted with an upbeat Nadella from February who said that Microsoft’s Bing search—then being...
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