ThredUp predicted a rebound in revenue growth as other retailers cut back on discounting, sending shares of the apparel reseller up more than 9% in after hours trading on Monday. Revenue dipped to $71.3 million in the fourth quarter, a 2% decline from the same period last year, as budget-conscious shoppers snapped up discounted new merchandise instead of opting to buy used items. But ThredUp...
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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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