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Elon Musk-owned X can lose up to $75 mn by the end of 2023 due to advertisers fleeing, says report

25Nov

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Technology

Elon Musk-owned X can lose up to $75 mn by the end of 2023 due to advertisers fleeing, says report

[ad_1] The advertising woes for X (formerly Twitter) are growing by the day. Recently, the platform witnessed major companies pulling out of showing ads including Apple, IBM, and Comcast. Now, a new report claims that the Elon Musk-owned social media platform can lose as much as 75 million dollars by the end of 2023 due to the exodus of companies. It all started after some reports emerged claiming that Musk backed an antisemitic post on the platform last week. On X, Musk could be seen agreeing to a poster that said Jewish communities hate white communities. This has led several companies including Walt Disney and Warner Bros Discovery to pause their advertisements on the site formerly called Twitter. X faces advertising woesX has struck back and sued media watchdog group Media Matters, ...

Tech Startup’s Wild First Week Won and Lost Founder Billions

28Oct

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Technology

Tech Startup’s Wild First Week Won and Lost Founder Billions

[ad_1] The chief executive officer of reAlpha Tech Corp., a small property technology startup, briefly gained billions of dollars in paper wealth during a hot direct-listing debut this week, only to see most of that erased as the stock plunged in the following days.The Dublin, Ohio-based company's stock surged a whopping 1,667% in its first day of trading Monday, after it went public via a direct listing on the Nasdaq. Shares began trading at $23.01 — already above the $8 reference price — and closed at $406.67. At the end of that first trading day, CEO Giri Devanur added $11.2 billion to his personal wealth from the large stake of reAlpha stock he holds, according to data compiled by Bloomberg. But things quickly took a turn. The stock plunged 75% on Tuesday and continued to slide in...

OpenAI’s offer to stop web crawler comes too late

26Aug

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Technology

OpenAI’s offer to stop web crawler comes too late

[ad_1] Earlier this month, in response to mounting criticism around how OpenAI scoops up data to train ChatGPT, its groundbreaking chatbot, the company made it possible for websites to block it from scraping their content. A short piece of code would tell OpenAI to go away (and it would kindly obey).Since then, hundreds of sites have shut the door. A Google search reveals many of them: Major online properties such as Amazon, Airbnb, Glassdoor and Quora have added the code to their “robots.txt” file, a kind of rules of engagement for the many bots — or spiders as they are also known — that scour the internet. When I got in touch with the companies, none were willing to discuss their reasoning, but it's quite obvious: They want to put a stop to OpenAI taking content that doesn't belong to...

OpenAI’s head of trust and safety steps down

22Jul

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Technology

OpenAI’s head of trust and safety steps down

[ad_1] OpenAI's head of trust and safety Dave Willner is leaving the company, he said in a LinkedIn post on Friday, citing the pressures of the job on his family life and saying he would be available for advisory work.Chief Technology Officer Mira Murati will directly manage the team on an interim basis, and Willner will continue to advise through the end of the year, OpenAI said in a statement. Trust and safety departments have taken on a high-profile role in technology companies such as OpenAI, Twitter , Alphabet and Meta as they seek to limit the spread of hate speech, misinformation and other harmful content on their platforms. At the same time, concerns about the negative impact of AI have risen.Describing Willner's work as "foundational in operationalizing our commitment to the sa...

28Nov

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Technology

Airbnb has a plan to fix cleaning fees

[ad_1] Airbnb is set to roll out big changes that won’t end cleaning fees but could make them more transparent for customers and incentivize hosts to reduce or forgo them altogether. Pretty much everyone hates Airbnb cleaning fees — those pesky charges tacked on to your vacation rental bill that supposedly cover the costs to get the place ready for the next visitors. Travelers don't like the expense, and hosts don't like charging them, either. Dennis Shirshikov, an Airbnb host who owns a rental property in upstate New York, says cleaning fees are the most common complaint he gets from customers. “We are strongly considering cutting them off,” he says. And Shirshikov might get his way. Airbnb is set to roll out big changes that won't end cleaning fees but could make them more tr...

22Sep

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Technology

Airbnb hosts are sick of Airbnb, too

[ad_1] Disgruntled Airbnb guests are taking to Twitter and TikTok to vent about everything from cleaning fees to misleading listings. But they aren't the only ones with complaints: Airbnb hosts themselves have become increasingly disillusioned with the platform and its disrespectful guests. On message boards and Facebook groups, hosts are sharing their own challenges and horror stories. One host claimed that a group of guests was unwilling to leave the property despite receiving a full refund from Airbnb. “I went to the apartment to check what was going on, and I was in shock to discover that the tenants were still in the apartment,” the host wrote on the website AirbnbHell. “They immediately called the police on me and I was kicked out of my own apartment by a...