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Business Archive

Archives for May 2024

Elizabeth Lopatto
Elizabeth Lopatto
“As other tech companies follow Google’s lead — and as corporate America turns millions of vague meetings about AI into concrete plans — we can all expect to eat a little bit of glue.”

Despite Google’s AI expertise, it drastically overestimates how good its tech is — as anyone can see in its search results. And that’s with expertise. This doesn’t bode well for everyone else’s use of AI!

Elizabeth Lopatto
Elizabeth Lopatto
Gemini Earn customers will finally get most of their funds back.

People who participated in Gemini’s lending program, which suspended withdrawals in the wake of the FTX collapse, will get “approximately 97 percent” of their money. Perhaps predictably, the Earn program also had some legal issues.

Richard Lawler
Richard Lawler
Wow, Canva really is ready to sell enterprise software.

If last week’s big revamp and the launch of the Canva Enterprise package didn’t convince you, hang on one minute.

Perhaps the power of hip-hop dance and Hamilton-style rhymes can prove that Canva’s suite is soulless enough (or “safe and securrre” enough, if you prefer) to have a place in your corporation alongside Microsoft 365, Zoom, Google Workspace, and Slack.

Jess Weatherbed
Jess Weatherbed
Nintendo buys studio to expand its library of third-party games.

In its purchase of Shiver Entertainment — which previously ported Hogwarts Legacy and Mortal Kombat 1 to the Switch — from troubled gaming conglomerate Embracer Group, Nintendo says:

By welcoming Shiver’s experienced and accomplished development team, Nintendo aims to secure high-level resources for porting and developing software titles. Going forward, even after it becomes a part of the Nintendo group, Shiver’s focus will remain the same, continuing commissions that port and develop software for multiple platforms including Nintendo Switch.

Wes Davis
Wes Davis
OpenAI CEO Sam Altman on the company’s employee NDAs.

Vox reported yesterday, following two high-profile departures, that OpenAI’s exit terms include revoking employees’ vested equity in the company if they ever disparage it or acknowledge the terms exist. OpenAI told the outlet it hadn’t revoked equity before, and wouldn’t in the future.

Those terms were real and “should never have been,” Altman posted today, adding that he’s “genuinely embarrassed” by them.

Jess Weatherbed
Jess Weatherbed
Europe isn’t happy with Temu.

The European consumer organization BEUC and 17 of its member groups, has accused the e-commerce platform of violating Digital Services Act (DSA) rules, urging the EU to designate Temu as a “very large online platform” (VLOP) to make it comply, as it did with Shein last month.

The complaint says:

“Temu does not guarantee its users a safe, predictable, and trustworthy online environment as the law requires.”

Concerns include Temu’s gamification features, misleading products, and overall lack of transparency regarding its business operations.