OpenAI Wraps Up Tender as AI Talent War Heats UpRead Now

Finance

Goldman Profit Falls on Weaker Revenue, Higher Costs and Marcus Loss

Goldman Sachs reported a 19% decline in first-quarter profit Tuesday on weaker investment banking and trading revenue, higher expenses and a $470 million loss from selling some of its consumer loans. The Wall Street bank is in the middle of a revamp that moves it away from previous ambitions in retail banking and deeper into areas where management sees potential with corporations and large...

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Netflix Is Now a Real TV Firm: Slow-Growing but Printing Money
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Netflix is looking more and more like an old-fashioned television company. In other words, it’s growing slowly but producing lots of cash. The video-streaming giant reported what can only be described as anemic growth in the first quarter. Revenue rose 3.7%, which is the kind of growth rate we associate with traditional TV firms like Fox Corp. or Paramount Global. Its subscriber count expanded...
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Rippling CEO Parker Conrad at his home in San Francisco on April 10, 2023. Photo by Carolyn Fong for The Information
The Big Read startups enterprise
Parker Conrad Takes the Pain
Parker Conrad was touring me around a personal sliver of heaven when I asked him to relive his personal hell.
Photo by Shutterstock.
Exclusive enterprise
Cybersecurity Firm Zscaler Loses Coveted Spot in Gartner Ranking Due to ‘Sales Arrogance’
Competition between the two of the biggest cybersecurity firms selling software monitoring employee access to cloud applications and data is set to intensify after influential market research firm Gartner cut its ranking on the market leader, Zscaler.
Photo by Bloomberg.
Exclusive startups enterprise
Palo Alto Networks Woos Customers With Years of Free Software as Cloud Security Sales Slow
The slowdown in enterprise software spending is forcing some software firms to go to extraordinary lengths to win business.
Illustration by Matheus Costa.
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Google, Meta Struggle to Figure Out Employee Reviews
Last year, Google cut the number of employee performance reviews it conducts annually from two to one, responding to complaints that twice-a-year reviews consumed too much time.
Art by Clark Miller
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The Rise of the Not-Home Not-Office
When Jamie Snedden moved to San Francisco from London in late 2021, it occurred to him that he didn’t actually know how to make friends.
Art by Mike Sullivan
Exclusive microsoft startups
Microsoft Readies AI Chip as Machine Learning Costs Surge
After placing an early bet on OpenAI, the creator of ChatGPT, Microsoft has another secret weapon in its arsenal: its own artificial intelligence chip for powering the large-language models responsible for understanding and generating humanlike language.