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Meta created a ‘Supreme Court’ for content. Then it threatened its funds.
(Washington Post) Once hailed as a model for internet governance, Meta’s Oversight Board has been criticized as slow-moving and increasingly irrelevant. Read more here.
Read MoreGen AI: Too Much Spend, Too Little Benefit?
(Goldman Sachs) Tech giants and beyond are set to spend over $1tn on AI capex in coming years, with so far little to show for it. So, will this large spend ever pay off? MIT’s Daron Acemoglu and GS’ Jim Covello are skeptical… Read more here.
Read MoreStanford’s top disinformation research group collapses under pressure
(Washington Post) The Stanford Internet Observatory provided real-time analysis on viral election falsehoods but has struggled amid attacks from conservatives. Read more here.
Read MoreThe limited partners who fund venture firms are defaulting. One firm is quietly buying up their distressed stakes.
(Business Insider) As more LPs walk away from their positions in VC firms, at least one firm is raising hundreds of millions to quietly buy up distressed positions. Read more here.
Read MoreApple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not Cash
(Bloomberg) When Apple Inc. Chief Executive Officer Tim Cook and his top deputies this week unveiled a landmark arrangement with OpenAI to integrate ChatGPT into the iPhone, iPad and Mac, they were mum on the financial terms. Read more here.
Read MoreSEC Hedge Fund Fee Disclosure Rule Struck Down by US Court
(Bloomberg) A federal appeals court struck down the US Securities and Exchange Commission’s rules requiring hedge funds and private equity firms to detail quarterly fees and expenses to investors — a significant setback in the regulator’s clampdown on the private-funds industry. Read more here.
Read MoreWhat Nelson Peltz’s ‘Surprising’ Anti-Woke Campaign Can Teach Us
(Roy Swan, Observer) Data irrefutably indicates that “pro-woke, pro-DEI” shareholder activism would deliver greater economic value to all stakeholders than an anti-woke, anti-DEI strategy. Read more here.
Read MoreThe AI Revolution Is Already Losing Steam
(WSJ) The pace of innovation in AI is slowing, its usefulness is limited, and the cost of running it remains exorbitant. Read more here.
Read MoreA Nonprofit Tried to Fix Tech Culture—but Lost Control of Its Own
(Wired) Two ex-Facebook employees founded the nonprofit Integrity Institute to clean up tech platforms. Now it’s reeling amid fights on Slack and one founder’s resignation after an external HR investigation. Read more here.
Read MoreA venture capital firm looks back on changing norms, from board seats to backing rival startups
(TechCrunch) Last month, one of the Bay Area’s better-known early-stage venture capital firms, Uncork Capital, marked its 20th anniversary with a party in a renovated church in San Francisco’s SoMa neighborhood, where 420 guests showed up to help the firm celebrate, trade tips and share war stories. Read more here.
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