Exclusive: NYC company executives go big on AI development
New York City is leading in adopting AI strategies to reinvent its economy, with executives foreseeing positive impacts but unsure of the most effective government incentives. [ more ]
Apple's AI strategy is shrouded in mystery. Tim Cook says hold your horses
Apple CEO Tim Cook avoided detailed questions on AI strategy but hinted at key opportunities and upcoming announcements, causing speculation and competition comparison. [ more ]
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Overheard at Possible Miami 2024: 'We're obsessed with tomorrow while neglecting today'
Industry leaders emphasize the need for the marketing industry to focus on present challenges and opportunities to stay relevant and competitive. [ more ]
Reddit's IPO has begun with shares soaring 60% within minutes | TechCrunch
Reddit's shares opened at almost $47 and quickly rose to around $55, a 60% increase from its IPO price of $34 per share. The peak share price reached $57.80 before dropping a few percentage points.
Despite Reddit's high revenue and losses, its AI contract sales worth $203 million show potential for growth. However, an FTC inquiry into licensing user data for AI models could impact investor interest. [ more ]