Welcome back to week in Review! We have a lot of news for you this week: there were CEO shake-ups at Instacart and 11x; The web series is back – kind of; Threads gets video ads; And much more. Let’s go there!
Big move: Instacart CEO Fidji Simo will be the CEO of OpenAI for applications, the company said this week. Simo is already on the OpenAi plate. She will be given the task of helping OpenAi to scale “traditional” business functions, said CEO Sam Altman, but he did not give any details about what that means.
Speaking of openi: The company decided that its non-profit division will maintain control over its for-profit organization after he initially announced that it was planning to convert to an organization with profit. OpenAI says it has taken the decision “after hearing social leaders and entering into a constructive dialogue with the offices of the attorney general of Delaware and the attorney general of California.”
And talk about CEO movements: 11x CEO Hasan Sukar has announced that he would be traveling and moved to a “non -executive chairman” position. In March, Techcrunch reported that 11 times had shown on its website customer logos of companies that were not active customers, and one of those companies threatened to sue the issue.
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News
Trademark of friction: Tesla wants to make the conditions “Cybercab” and “Robotaxi” trademark, but was refused by the American patent and trademark office because the conditions are too generic. Tesla has three months to submit a response, otherwise the office will leave the application.
No thanks: On Tuesday on stage at the annual Sessions conference of Stripe in San Francisco on Tuesday, Meta CEO Mark Zuckerberg explained his plans to automate the entire advertising industry with a Black-Box, end-to-end AI Ad-tool. As Maxwell Zeff reports: “It is an open question about what AI advertisement tests will do with the platforms of Meta from the point of view of a user experience, given that they are already full of generative AI slop.”
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And talking about advertisements: Meta announced on the Newfronts Conference that the video advertisements in Threads Test. The update follows the recent announcement of Meta that Threads now reach more than 350 million monthly active users.
Yes, please! I am not so smart in the kitchen, so the new robot from Posha that cooks your meals for you sounds like a dream come true. You browse through a list of recipes, select the one you want, add the correct quantities of the requested ingredients and the machine makes the meal from there.
We are back, honey: Before the rise of vertical video, Scripted Web Series on YouTube were successful enough to spin in cult-favorite TV shows such as “Broad City”, “Uncertain”, “Letterkenny.” Now the web series is back, but it lives on a new platform: Tiktok.
Goodbye for a real one: Bill Gates said on Thursday that the Gates Foundation will only have 20 years to wrap her treasure chest. He has promised to donate 99% of his fortune, which today is worth $ 107 billion to the foundation.
Analysis
What is the next step for OpenAi: The new restructuring plan from OpenAi could satisfy regulators and investors who have invested heavily in the company in the hope of future profit. But it can also disrupt the future ambitions of OpenAi, especially with regard to a potential IPO.