The race is on to find out: TechCrunch reports that TikTok is testing 15-minute video uploads, an increase of 5 minutes from the current max time. YouTube, meanwhile, is all in with Shorts as its answer to TikTok’s vertical, mobile-first format.
Speaking at The Wall Street Journal’s tech conference today, OpenAI CEO Sam Altman downplayed the rumors that he’s working on an AI-powered device with former Apple design boss Jony Ive.
“I think there is something great to do but I don’t know what it is yet,” he told Joanna Stern. “I have no interest in trying to compete with the smartphone. It’s phenomenal at what it does.” He described OpenAI’s work on a consumer hardware device as being “very nascent.” Rest easy, Apple!
Investors are reacting positively to my last issue of Command Line, which broke the details of Snap’s internal business goals for next year.
The company’s stock price is up more than 11 percent today thanks to Snap’s “stretch” goal of reaching at least 475 million daily active users next year:
Bernstein analyst Mark Schilsky told Reuters that expectations from the stock are “incredibly low”, but he added, “even I have to admit that the stock would likely be materially higher if they hit this goal.”
Garry Tan, CEO of the famous tech startup incubator Y Combinator, has withdrawn from participating in this year’s Web Summit, which is one of the largest tech conferences in the world.
He and several other speakers are pulling out after Web Summit CEO Paddy Cosgrave posted and liked messages that are critical of the Israeli government on X. Tan also noted that Cosgrave recently went into business with the country of Qatar, which is a known backer of Hamas.
