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OpenAI executive sends internal memo: ‘The market is as competitive as I have ever seen it’
OpenAI's chief revenue officer, Denise Dresser, sent a four-page memo to employees on Sunday about the company's strategic direction, emphasizing the need to lock in users and grow its enterprise business. The memo, which was viewed by The Verge, repeatedly u…
Can Puck reinvent the news business for the influencer age?
Today, I’m talking with Sarah Personette, CEO of Puck, which is a fancy new media company that’s been around for just about five years now. Puck hires big stars and gives them newsletters that are all mostly part of a subscription bundle. These newsletters ar…
150 million users later, Roblox competitor Rec Room is shutting down
Rec Room, a Roblox-like social gaming platform that lets users create games and experiences for others to play, is shutting down on June 1st. Despite reaching more than 150 million players and creators and, at one point, being valued at $3.5 billion, the comp…
Why OpenAI killed Sora
On Tuesday morning, everything was business as usual at OpenAI. By the end of the day, the company had announced that it would scrap its video-generation app, Sora, and reverse plans for video generation inside ChatGPT; it would wind down a $1 billion Disney …
There Aren't a Lot of Reasons to Get Excited About a New Amazon Smartphone
The company is reportedly building a new AI-powered mobile device. If Amazon follows through on the plan, experts warn it would be next to impossible to break into a crowded market.