Business Archive

It joins other media companies like News Corp, Axel Springer, The Financial Times, Vox Media, The Atlantic, and The Associated Press in licensing content for training AI models like ChatGPT.

BuzzFeed sold off Complex earlier this year, and now it’s shopping around First We Feast, the network behind the hit hot wings show. Its initial ask was for over $70 million, according to Bloomberg. “After months of talks,” there’s still no buyer — and BuzzFeed urgently needs the cash.

Systems that support sales, service, and inventory for more than 15,000 dealerships have been shut off since June 19th in the wake of two separate cyberattacks.

Riding a valuation pumped up by generative AI and its chips that power many of the tools, Nvidia’s market cap has passed not only Apple but now Microsoft, too, at more than $3.3 trillion, as reported by Bloomberg.

Prices are rising as Shein eyes IPOs in the UK and the US. The average price of a dress is up 28 percent in the US compared to a year ago, for example.

Tesla CEO Elon Musk got his big compensation package approved yesterday, but how many really voted in favor? Well, it seems 1.78 billion shares voted in favor of Musk’s payday, while 529 million voted against — a 72 percent margin, excluding shares held by Musk and his brother Kimbal, as The New York Times reports. Musk took a victory lap on the mic at the shareholder meeting in Austin, Texas.

We don’t know exactly how often AI Overviews will appear in search, but early observations point to trouble for publishers.