We unpack the benefits, risks, and regulatory implications of AI’s impact on insurance.
ES: Microsoft’s Bing AI has a huge price tag: The tech giant’s cavalier commercialization of generative AI has uncertain profitability. High compute costs are passed on to developers as other challenges mount.
Meta isn’t finished slashing its headcount: Another wave of layoffs is coming for Meta. Big Tech’s talent loss could hurt its innovation leadership standing if startup launches by expats proliferate.
New regulation can help sustain UK growth but other countries are rapidly making up ground in the race for open banking leadership.
They’re becoming delinquent on auto loans and credit card payments at a faster rate than older generations, raising questions about what’s normal and what’s troubling.
A handful of incumbent banks are offering 4% or more on savings accounts—but only for consumers who live outside the banks’ branch networks.
Meta leans into verification for incremental revenues: Slower ad market forces company to take a page from Twitter’s playbook.
TikTok still won’t give clear info on creator payouts: Its new Creativity Program promises higher revenues but conveniently skirts around the specifics.
Netflix will have a tough time gaining ground in India: Ted Sarandos laid out his vision for the market, but tightening revenues could restrict his plans.
The total value of contactless payments made with UK Barclays cards surged nearly 50% YoY thanks to regulatory changes and broader acceptance.
The “de-influencing” influence: The new trend of creators recommending what not to buy reflects a tough economy, disdain for fakery.
The share of worldwide video entertainment smart home device shipments will decrease between 2022 and 2026 as the number of smart security device and smart lighting device shipments grow.
Target is spending $100 million to expand its next-day delivery capabilities: The retailer plans to have at least six new sortation centers to make delivery cheaper, faster, and more efficient.
If the “Retail Media 1.0” era was primarily about search-driven ecommerce, then Retail Media 2.0 (with credit to Peter Moustakerski) will be about moving up the funnel and across retail channels
The banking arm of the UK’s biggest supermarket chain could appeal to neobanks and help potential buyers scale quickly.
On today's episode, we discuss the significance of Amazon buying a primary care network, how ChatGPT did when it took the US Medical Licensing Exam, and what an Apple mixed reality headset could do to treat pain. "In Other News," we talk about health information being shared for advertising purposes and what to make of CVS buying Oak Street Health. Tune in to the discussion with our analysts Lisa Phillips and Rajiv Leventhal.
Big Tech’s monumental SCOTUS face-off: Big Tech’s long-term immunity from content liability is being called into question, but Congress—not the Supreme Court—might be the better branch of government to navigate the issue.