Welcome back to our Week in Review! This week comes with an abundance of updates: Instacart and 11x have seen changes in their leadership; the web series has returned—sort of;Threads is introducing video advertisements; and we’ve got plenty more to cover. Let’s dive right in!
Big move:
Instacart CEO Fidji Simo
will take on the role of OpenAI’s CEO for Applications
This week, the company announced that Simo will join the OpenAI board. Currently serving as part of the board, she’ll focus on expanding “conventional” corporate operations, according to CEO Sam Altman; however, he did not offer specifics about these responsibilities.
Speaking of OpenAI:
The firm concluded that its
The nonprofit sector will maintain authority.
After originally stating its intention to transform into a for-profit entity, OpenAI decided against this move following discussions with community representatives and productive conversations with the Delaware Attorney General’s office and the California Attorney General’s office.
In regard toCEO changes:
11x CEO Hasan Sukkar revealed that
he’s stepping down
And transitioning into a “non-executive chairman” role. In March, Dailyexe reported that 11x had displayed on their website the client logos of firms that weren’t actually using their services, with one company considering legal action over this issue.
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News
Trademark friction:
Tesla aims to trademark the terms “Cybercab” and “Robotaxi,” but was
rejected by the U.S. Patent andTrademarkOffice
Since the terms are quite broad. Tesla has a period of three months to submit their reply, otherwise, the office will discontinue the application.
No thanks:
At Stripe’s yearly Sessions conference in San Francisco on Tuesday, Meta CEO Mark Zuckerberg shared his strategies during his speech onstage.
Automate the complete advertising sector
With a black-box, end-to-end AI advertising tool, Maxwell Zeff notes, “The impact of AI-driven ad testing on Meta’s platforms remains uncertain when viewed through the lens of user experience, particularly since these platforms are already saturated with generative AI content.”
And speaking of ads:
Meta revealed at the NewFronts event that it’s
running tests on video advertisements in Threads
The update comes after Meta recently announced that Threads has surpassed 350 million monthly active users.
Yes, please!
I’m not very skilled in cooking, so Posha’s new
a robot that prepares your dishes for you
it sounds like a dream scenario. You browse through a collection of recipes, choose your preferred option, input the required quantities of each ingredient, and then let the device prepare the dish for you.
We’re back, baby:
Before the rise of vertical video, scripted web series on YouTube were successful enough to spin out into cult-favorite TV shows like “Broad City,” “Insecure,” and “Letterkenny.”
Now the web series is back
However, it continues its existence on a new platform: TikTok.
Farewell to a genuine person:
Bill Gates stated on Thursday that the Gates Foundation will operate for only the next two decades.
To deplete its funds and wrap up activities
He has committed to giving away 99% of his wealth, currently valued at approximately $107 billion, to the foundation.
Analysis
What’s next for OpenAI:
OpenAI’s revised strategy might appease both regulators and shareholders who have significantly backed the company with the expectation of substantial returns in the future.
It could potentially interfere with OpenAI’s future goals as well.
, particularly concerning a possible initial public offering.
