Teneo survey of 350+ public-company CEOs: 68% plan to spend more on AI in 2026 than in 2025, <50% of AI projects generated more returns than they cost, and more
Ben Glickman / Wall Street Journal :
Running app Strava raised new funding at a $2.2B valuation including debt, up from $1.5B after raising $110M in November 2020, and nears $500M in ARR
Ben Glickman / Wall Street Journal :
OpenAI and Reddit partner to bring Reddit content to OpenAI tools including ChatGPT via Reddit's Data API and to add AI features to Reddit
what this means for ChatGPT Markus Kasanmascheff / WinBuzzer : Reddit Partners with OpenAI to Integrate Content into ChatGPT Financial Times : Reddit shares surge as it strikes content deal with OpenA...
Robinhood co-founder and Chief Creative Officer Baiju Bhatt plans to step down to pursue other entrepreneurial interests, but will remain on the company's board
Ben Glickman / Wall Street Journal :
Epic says Apple has reinstated its developer account, clearing the way for its Epic Games Store in the EU; Tim Sweeney says the move followed a swift EU inquiry
again Epic Games : Apple Reinstates Epic Developer Account After Public Backlash for Retaliation Ed Hardy / Cult of Mac : Apple relents, reinstates Epic Games developer account Mark Gurman / Bloomberg...
Spotify says CFO Paul Vogel plans to leave on March 31, 2024, and launches a search for a successor; Daniel Ek wants a CFO “with a different mix of experiences”
now he, too, is out of a job Podnews : Spotify's CFO Paul Vogel quits (with $12.6mn) South China Morning Post : Spotify's CFO to leave in another executive departure as major job cuts hit upper manage...
The European Commission says Amazon's $1.4B iRobot acquisition may restrict competition; Amazon plans to work to address its concerns; IRBT drops ~18%
On 6 July 2023, the Commission opened an in-depth investigation … Jay Peters / The Verge : Amazon's $1.7 billion deal to buy iRobot is running into some objections Elizabeth Montalbano / Computerworld...
BlackBerry says CEO John Chen plans to retire on November 4 after serving in the role since November 2013 and names board member Richard Lynch as interim CEO
Ben Glickman / Wall Street Journal :