Tag: Digital media

BuzzFeed risks being delisted from NASDAQ due to poor stock performance. The media outlet has until November 27 to raise its value or face removal.

Microsoft, the world's most valuable and successful technology company based in Redmond, Washington, is intensifying its competition with Google and OpenAI. Microsoft has recently unveiled a platform layer for Bing, which would allow 3rd-party developers to incorporate their software into Bing. The new model resembles app stores, limiting development options to only Bing users. This news has pressured Google to push harder and forced OpenAI to adapt to the new role of Microsoft. John Battelle, an industry leader who praised and critiqued the move, is currently unavailable to comment on it.

Meta is a well-established tech company investing in AI technology. Mark Zuckerberg, its' CEO, emphasised this commitment during his initial presentation and Q&A session, and highlighted the noticeable improvement their AI had made on Instagram. Meta is poised to spend $30-33 billion on AI initiatives in 2023 and has plans to bring their AI to the world via their services and apps.

Twitter CEO Elon Musk recently declared it to be a 'serious danger' to traditional media. New verification check marks have been brought back for influential users and celebrities. This caused a backlash from media outlets. Changes in labeling has been applied to government funded media accounts, followed by some leaving Twitter. It remains to be seen how this will affect the future relationship between traditional and digital media.

Barry Diller, self-made billionaire and media mogul, has voiced his dissent towards the harms of generative artificial intelligence (AI) platforms such as ChatGPT. IAC, the digital media conglomerate he owns, launched in 1995 as an umbrella brand for media & tech businesses. Diller has since then worked hard to build noteworthy services like Match, Ask, Toolbox.com, CollegeHumor, Citysearch, The Daily Beast, Tinder, Vimeo, Tripadvisor, and Homesnap.