Tech
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OpenAI Is A Lot More Vulnerable Than You Think
All the press, money, and awards in the world won’t prevent OpenAI from having to face the cold reality of competition.
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Meta Launches Paid Facebook, Instagram Subscriptions in Europe
Aiming to comply with European regulations on data privacy, Meta will also see a new revenue stream from paid users
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Could This AI Loophole Be the Existential Threat to Filmmaking We’ve All Feared? (Commentary)
Writer-director Daniel Adams can’t help but wonder how profit-seeking studios may side-step new union restrictions
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X Internally Valued at $19 Billion – Less Than Half of What Elon Musk Paid for It
The valuation comes via a leaked employee equity compensation plan from the social media platform
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Elon Musk Offers Starlink Satellite Internet to Aid Organizations in Gaza
Reports came Friday of all telecommunications and internet being cut in the region during Israel’s continued airstrikes
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Mark Zuckerberg Is Coming for Sam Altman and OpenAI
A fierce, underrated, and full-contact battle is brewing between the social networking company and the formidable AI upstart.
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Available to WrapPRO members
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Amazon Triples Net Income With $10 Billion in Q3, Driven by Boosts in Advertising
The superstore/tech giant reported $143 billion in revenue, topping both Wall Street’s estimates and the company’s own projections
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X Lost 15% of Users in First Year of Elon Musk’s Ownership
The social media platform’s monthly active users plummeted globally year-over-year for September
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Meta CFO Condemns ‘Horrific Violence in the Middle East’ During Earnings Call
The Facebook and Instagram parent company says ad demand could be softened by the Israel-Hamas conflict
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Meta Reports 23% Increase in Q3 Revenue to $34.1 Billion, Citing Savings From Restructuring Costs
Facebook and Instagram parent beats analysts expectations and says it “substantially completed” planned layoffs that have shrunk its headcount by 24%
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News
Available to WrapPRO members
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Alphabet Beats Wall Street Expectations in Q3 With $76.6 Billion in Revenue, Defies Tough Ad Climate
The Google and YouTube parent company, emphasizing new AI initiatives, reported a 41% boost in net income to $19.69 billion, but its stock fell more than 5% in after-hours trading
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Available to WrapPRO members
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X to Begin Charging New Users $1 for Platform’s Basic Features (Report)
The annual fee will be required for access to tweeting, reposting and liking, among other functions
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SAG-AFTRA and Video Game Companies to Resume Contract Talks
The union’s chief negotiator Duncan Crabtree-Ireland says new dates for negotiations will be announced soon
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Microsoft Closes $69 Billion Activision Blizzard Deal After Nearly 2-Year Tangle With Regulators
The completed mega-sale creates the world’s third-largest video game company
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Mortal Media’s Ryan Kalil on AI’s Impact in Sports and Entertainment: ‘It’s Going to Be Super Data-Driven’ (Video)
TheGrill 2023: “I think the immersiveness of entertainment, especially in the sports world, is going to be bananas,” Kalil says
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TV
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