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OpenAI is hiring former Meta Platforms ad executive Dave Dugan as vice president in charge of global ad solutions, Dugan announced Monday on LinkedIn. Dugan had spent more than a decade as an ad sales executive at Meta. Dugan’s hiring comes as OpenAI is trying to scale its ads business, which ...
OpenAI’s abrupt shopping pullback earlier this month didn’t just raise questions about its decision-making. It also affected several commerce and payments firms, including PayPal and Etsy, that have put in work to help the ChatGPT maker expand the high-profile shopping venture and are now in limbo as it sorts out what’s next.
And in the case of PayPal, it had also announced spending money on...
Chinese robotics startup Unitree, one of the world’s largest humanoid makers, has filed for an initial public offering in Shanghai, looking to raise 4.2 billion yuan ($610 million). In the filing submitted on Friday, Hangzhou-based Unitree disclosed that its operating revenue last year more than ...
Memo to software executives: Now is the time to radically reduce the amount of stock you give employees. That would win you some favor with investors, who’ve generally gone off your sector thanks to worries about the threat posed by AI. Even if those concerns are overblown, cutting costs in the face of a major disruption is a smart idea.It’s no secret that software companies overdo stock...
Elon Musk said Tesla and SpaceX will build a “Terafab” together in Austin that will design and manufacture semiconductors for both companies, though he did not provide a timeline for the project. The factory, located near Tesla’s current Austin headquarters, will eventually produce two series of ...
This year hasn’t lived up to the high expectations of the bankers and lawyers that advise tech companies on acquisitions. One major culprit is fear of AI-driven irrelevance, which has paralyzed corporate CEOs, according to some bankers and lawyers gathered in New Orleans for the annual Tulane Corporate Law Institute conference.
“I have a lot of clients who are not doing M...
As OpenAI prepares to open up ad sales to more marketers next month, it is trying to address what some advertisers say was lacking in the initial ad sales offering. Among other things, the ChatGPT creator is planning to streamline the process of ad buying, either in partnerships with ad tech firms or with its own ad management system.
So far, advertisers that bought the first ad campaigns on...
OpenAI expects to increase its headcount to around 8,000 employees by year end, up from about 4,500 employees, according to a person familiar with the plans. The hiring plans come as it shifts some of its resources from new initiatives to focus on its flagship ChatGPT as well as its coding ...
Welcome, Weekenders! In this newsletter:• The Big Read: A rising star at Microsoft has a challenging new job• Defense Tech: Anduril’s big bet? An Ohio weapons factory • Tech Culture: Fat with funding, AI startups binge on private parties• Plus, Recommendations—our weekly pop culture picks: “Blood Will Tell”; “The Complex” and “This Is Where the Serpent Lives”; and “Train Dreams”At the moment, I...
Around the time last fall that Vercel tripled its valuation to $9 billion, the startup decided to throw a swank dinner party. It was a chance for Malte Ubl, the company’s chief technology officer, to talk shop and discuss the fast-changing landscape with a dozen so other Silicon Valley executives—and an opportunity for Vercel, a 10-year-old company that sells a platform for developing AI apps and...