Month: April 2023

IAC and PwC: 2022 US digital ad revenue rose 10.8% YoY to $209.7B, down from 35% growth in 2021; social media ad revenue rose 3.6% YoY, down from ~39% in 2021 (Megan Graham/Wall Street Journal)

Megan Graham / Wall Street Journal: IAC and PwC: 2022 US digital ad revenue rose 10.8% YoY to $209.7B, down from 35% growth in 2021; social media ad revenue rose 3.6% YoY, down from ~39% in 2021  —  Headwinds from the economy and privacy protections were offset by growth in areas such as retail ad

Read More
Labor consultants say US companies, responding to labor shortages and rising wages, are outsourcing jobs overseas, expanding on pandemic remote work policies (Konrad Putzier/Wall Street Journal)

Konrad Putzier / Wall Street Journal: Labor consultants say US companies, responding to labor shortages and rising wages, are outsourcing jobs overseas, expanding on pandemic remote work policies  —  Companies respond to labor shortages and rising wages by moving some positions abroad, labor consultants say

Read More
Sources say concerns over Mark Zuckerberg’s efficiency drive, layoffs, Meta’s absentee leadership, and focus on the metaverse have devastated employee morale (New York Times)

New York Times: Sources say concerns over Mark Zuckerberg’s efficiency drive, layoffs, Meta’s absentee leadership, and focus on the metaverse have devastated employee morale  —  Workers at Facebook’s parent have been increasingly alarmed by job cuts and the company’s direction.

Read More
The Challenges of Producing Graphene in Quantity

We’ve all heard the incredible claims made about graphene and its many promising applications, but so far the wonder-material has been held back by the difficulty of producing it in large quantities. Although small-scale production was demonstrated many years ago using basic Scotch tape, producing grams or even kilograms of it in a scalable industrial

Read More
Despite bitcoin rallying to over $30K, El Salvador’s total holdings of 2,546 bitcoin, acquired for around $108M, are worth just $77M (Michael D McDonald/Bloomberg)

Michael D McDonald / Bloomberg: Despite bitcoin rallying to over $30K, El Salvador’s total holdings of 2,546 bitcoin, acquired for around $108M, are worth just $77M  —  Bitcoin may be at a nine-month high, but El Salvador’s total holdings are still worth 29% less than what the government paid for the world’s largest digital currency.

Read More
Emails: UMG asked Spotify, Apple, and other services to block developers training AI services from scraping melodies and lyrics from their copyrighted songs (Anna Nicolaou/Financial Times)

Anna Nicolaou / Financial Times: Emails: UMG asked Spotify, Apple, and other services to block developers training AI services from scraping melodies and lyrics from their copyrighted songs  —  Universal Music Group says new technology relies on unauthorised use of copyrighted material  —  Universal Music Group …

Read More
Hands-on with Java and Wasm

WebAssembly, or Wasm, provides a generalized, lightweight native binary format for any language that can be compiled to it. Once the source language is transformed into WebAssembly, that compact binary can run in a variety of contexts, from cloud virtual machines and desktops to IoT and mobile devices. One of the most interesting environments Wasm supports is

Read More
Sources: a16z, Tiger Global, IVP, and other VCs are touring Saudi Arabia, the UAE, and Qatar to build ties with sovereign wealth funds during the funding crunch (Financial Times)

Financial Times: Sources: a16z, Tiger Global, IVP, and other VCs are touring Saudi Arabia, the UAE, and Qatar to build ties with sovereign wealth funds during the funding crunch  —  Liquidity crunch leads investors such as Andreessen Horowitz to sovereign wealth funds in Saudi Arabia, Qatar and UAE

Read More
Elegant Evening Dress Sports Servo-Actuated Flowers

There’s been plenty of research into “smart fabrics”, and we’ve seen several projects involving items of clothing with electronics integrated inside. These typically include sensors and simple actuators like LEDS, but there’s no reason you can’t integrate moving electromechanical systems as well. [Rehana Al-Soltane] did just that: she made an elegant evening dress with flowers

Read More
A profile of Andy Hunter and his ecommerce platform Bookshop.org, which helps indie booksellers set up a digital storefront instead of selling through Amazon (Kate Knibbs/Wired)

Kate Knibbs / Wired: A profile of Andy Hunter and his ecommerce platform Bookshop.org, which helps indie booksellers set up a digital storefront instead of selling through Amazon  —  Andy Hunter’s ecommerce platform was a pandemic hit.  Now he’s on a mission to prove that small businesses can scale up without selling out.

Read More
Raspberry Pi raised an undisclosed amount from Sony Semiconductor Solutions at a $500M valuation, the same valuation as its $45M raise in 2021, to work on AI (Ryan Browne/CNBC)

Ryan Browne / CNBC: Raspberry Pi raised an undisclosed amount from Sony Semiconductor Solutions at a $500M valuation, the same valuation as its $45M raise in 2021, to work on AI  —  – Raspberry Pi has received fresh investment from Sony’s semiconductor unit, in a deal that will let users and developers make visual sensory

Read More