TREND REPORTS
OpenAI Doubles Annualized Revenue to $3.4 Billion
[Investing]
2024/06/14 09:09
OpenAI is Reportedly Making Bank Amid the AI RevolutionA new report sheds light on the company's revenue. Plus, what to know about the possible terms of the deal between OpenAI and Apple.OpenAI's ChatGPT was already one of the best-known AI brands amid the surge of artificial intelligence tech coming from Google, Microsoft, and others, but its role as market leader may have been cemented this w...
Sword Health Raises $130M And Its Valuation Soars to $3B
[Investing]
2024/06/14 09:08
Sword Health, an AI-powered virtual physical therapy startup, has raised $30 million and let employees sell $100 million worth of equity to new and existing investors, including Khosla Ventures. The round brings the nine-year-old company’s valuation to $3 billion, a 50% increase from the $2 billion value it garnered in its Series D in November 2021.The company initially set out to just do the...
Temu Lures More Repeat Customers than EBay, Pressures Amazon
[Business]
2024/06/14 09:07
Survey shows Chinese e-commerce upstart winning over shoppers with low prices and taking the fight to US incumbents. Less than two years after its US debut, Chinese e-commerce upstart Temu is attracting more repeat shoppers than eBay Inc., an e-commerce pioneer that has been around for almost three decades.An April survey of 1,000 consumers found that 34% of respondents buy something from Temu...
Photographer Wins AI Image Contest with Real Picture, Then Gets Disqualified
[Tech]
2024/06/14 09:06
A photograph of a flamingo on a beach with its head bent into its body. The water laps on the sand nearby. Miles Astray's F L A M I N G O N E won a prize in the AI category of the 1839 Photography Awards.A photographer submitted a real photograph to a contest for AI-generated pictures, and won the competition, as the judges believed it to be digitally made. Upon learning that the photographer,...
Stocks Up, Gold Down in Americans' Best Investment Ratings
[Consumer]
2024/06/14 09:05
Real estate continues to lead as the perceived best long-term investmentAmericans continue to rank real estate as the best investment for the long term among six options. Thirty-six percent choose real estate, followed by stocks or mutual funds (22%), gold (18%), and savings accounts or CDs (13%). Relatively few Americans believe bonds (4%) or cryptocurrency (3%) are the best long-term investme...
DeepMind Unveils Virtual Rat with Artificial Brain
[Tech]
2024/06/14 09:04
Breakthrough sees computerised creature accurately mimic movements of a real rodent.I would like to be emailed about offers, events and updates from The Independent. Read our privacy policyGoogle’s AI division DeepMind has unveiled a groundbreaking computerised rat that is able to move around like a real rodent through an artificial brain.The virtual rat emulates the “evolutionary marvel” th...
Adidas’ $20K Roblox Necklace Marks New Era for Fashion and Gaming
[Product]
2024/06/14 09:03
Adidas sells a $20,000 necklace in Roblox, Givenchy Beauty launches a new Pride-themed destination, and Loewe x On tap Wanna’s augmented reality try-on solution.The fashion industry has hit a new milestone with Roblox.After Gucci made history on the platform with its $4,000 virtual Dionysus handbag in 2021, Adidas has knocked that number out of the park with the sale of a one-of-a-kind digital...
(Patent) Apple Wins Patent for a Future AirPods Case with a Front Touch Display and Siri
[Tech]
2024/06/13 09:10
The US Patent & Trademark Office granted Apple a patent that relates to a possible redesign of their AirPods Pro case that will provide users with an outer case with a touch display. Users will also enjoy a future version of Siri (likely with AI) by calling-up apps like Apple Music, Apple TV+, Maps and more and interact with them.Interacting with a Touch Display on an AirPods CaseWhile curr...
(PDF) BCG - Why Video Streamers Need to Rebundle
[Business]
2024/06/13 09:09
The emergence of video streaming gave consumers numerous choices for subscription video on demand (SVOD). But with viewers signing up for short terms to watch only certain programs, media companies will need to reimagine their business models if they hope to be profitable in the coming years.The pay-as-you-go streaming model is a losing venture for many companies because of high churn; the aver...
This Obesity-Drug Startup, Metsera Emerged from Stealth with $290M
[Investing]
2024/06/13 09:08
Metsera is taking a ‘Lego kit’ approach to finding a next-generation weight-loss treatment.Biopharma startup Metsera turned heads in April when it emerged from stealth, announcing $290 million in funding from prestigious backers—an all-star roster of scientists and executives—and a portfolio of drug assets all focused on what may be the most lucrative pharmaceutical opportunity ever: obesit...
Luxury Brands Shine in Brand Value and Strength in New Ranking
[Business]
2024/06/13 09:07
The world’s most iconic Luxury & Premium brands are manoeuvring through recent dips in the global economy.Porsche retains position as world’s most valuable Luxury & Premium brand; Louis Vuitton and Chanel round out top 3High familiarity drives luxury brands’ exceptional brand strength; Rolex becomes 2024’s strongest luxury brandSustainability an increasing driver of consideration in...
Inside One Company’s Plan to Become the Topgolf of Pickleball - Rally Pickleball
[Business]
2024/06/13 09:06
Rally Pickleball is betting on high-tech games to help it stand out from the onslaught of pickleball venues.Pickleball has come a long way since it first came together in a backyard off the coast of Seattle about 60 years ago. There are almost 14,000 pickleball courts throughout the U.S. today, and many are popping up in some of the trendiest spots, from Central Park, to Life Time gyms. But one...
