[ad_1] Today, Microsoft announced that it’s investing $1 billion in the Elon Musk-founded company OpenAI. The two companies will work together to bring supercomputing technologies and AI to Microsoft Azure. And OpenAI will run its services exclusively in Microsoft’s cloud. Ultimately, the partners hope to build artificial general intelligence (AGI), a technology that some say […]
Category: business
Etsy buys music gear marketplace Reverb to expand its reach
[ad_1] If regulators approve the deal, it should close late in the third quarter or early in the fourth quarter of 2019. Reverb CEO David Kalt will step down from his leadership role once Etsy names a new executive. Etsy hasn’t made many acquisitions in its day (there were ‘just’ five between 2009 and 2016), […]
Airbnb makes it easier to find a place to stay on business trips
[ad_1] Airbnb wants to make it easier to find work-friendly listings, and its solution is fairly simple. Before, the company would ask if you were traveling for business at checkout. Now, it’s offering an Airbnb for Work toggle that you can select at the beginning of your search. The feature will bring up listings that […]
Netflix deal with Hollywood union promises better conditions for actors
[ad_1] The agreement also improves residual earnings from movie theaters, sets new overtime rules for stunt performers, offers more exclusivity and options rights and creates protections against harassment and for auditions. SAG-AFTRA added that minimum salary and turnaround conditions now apply to all Netflix shows, whether or not they reach the “high-budget” streaming threshold. An […]
Blizzard co-founder Frank Pearce is leaving the gaming company
[ad_1] After more than 28 years, Blizzard cofounder Frank Pearce is hanging up his armor—thank you for everything, Frank, and best wishes for the future! https://t.co/xQ0tcIwMny — Blizzard Entertainment (@Blizzard_Ent) July 19, 2019 Part of his farewell message reads: “The time has come for me to step away from Blizzard and pass the torch to […]
Equifax reportedly close to $700 million data breach settlement
[ad_1] Remember that time Equifax had a data breach and leaked an incredible amount of information — addresses, social security numbers and even driver’s licenses — on more than 143 million people in the US alone? That was revealed nearly two years ago, and tonight media reports suggest the company is closing in on a […]
Eli Roth’s studio is making five horror series for Facebook Watch
[ad_1] The additional series will each be 10 episodes long, and they’ll be executive produced by Davis, as well as Kate Krantz and Darren Brandl. “Crypt is thrilled to deliver our signature monster stories to a global community on Facebook,” Davis told Deadline. “This partnership is a unique opportunity for Crypt to continue to build […]
Parrot plans to retire its Mambo and Swing drones
[ad_1] Drone company Parrot, maker of the Anafi 4K folding drone, is reportedly leaving the mini-drone market. Parrot has been shifting its focus away from consumer drones since 2017, but it’s been a slow transition. This week, Wirecutter confirmed that Parrot is retiring its Mambo and Swing drones, and supposedly, websites like Amazon have been […]
Netflix might pay Eddie Murphy $70 million for stand-up specials
[ad_1] According to TMZ, Netflix may be willing to pay $70 million for an undisclosed number of specials. While that’s a huge figure, especially given reports about Netflix trying to be more conscientious about the original content it spends big on, that’s in line with what it paid other A-list comics. Dave Chappelle is said […]
Microsoft posts record Q4 results despite Xbox slowdown
[ad_1] According to the report, Microsoft made $33.7 billion this past quarter, which is 12 percent higher than the same quarter last year. For the fiscal year that ended in June, Microsoft made a total of $125.8 billion, representing a 14 percent increase from the year before. As it has in past quarters, the company […]