Snap Inc. is a US based technology and camera company that is behind the iconic Snapchat mobile app. Founded by Evan Spiegel and Bobby Murphy in 2012, the company has made waves by revolutionizing the way people communicate with each other. Snap Inc. recently reported a 7% decrease in revenue and had its stock plunge over 20% in after-hour trading for its first quarter of 2021. The lackluster earnings were due to changes by Apple, as well as increased competition from the likes of TikTok and YouTube. In order for the company to bounce back, Snap Inc. has made strategic decisions, such as offering subscriptions and offering their AI-powered product, My AI. At the same time, larger tech companies like Facebook's parent Meta are reporting revenue increases.
Meta is an enterprise solutions provider that specializes in helping organizations build and succeed, with solutions for performance, trust and security, governance, and content intelligence. Elizabeth Holmes, founder of the now-defunct Theranos, faced charges of fraud but managed to overturn an 11-year jail sentence. Posh launches platform for event management and ticketing, while a UK startup has developed tools for usage-based billing and just secured $14 million. Get the top news stories each day in your inbox with The Daily Crunch.
Explore how Generative AI is revolutionizing enterprise search using conversational AI and ChatGPT technologies. Join business leaders in San Francisco for the VB Spotlight event to learn how Generative AI can unlock the full potential of data and optimize business outcomes. Make sure to tune in on July 11-12!
Business visionary Vera Kutsenko has been on a rollercoaster of adjusting her business vision since 2021. From Neverland, enabling individuals to streamline their gardening exercises relying upon geography, to Atrix.ai - a B2B software engineering platform with no-code AI-driven solutions for marketing teams - Vera has demonstrated the capability to pivot and thrive amidst market uncertainty. Atrix.ai looks to make AI& other tech more accessible to the world. Vera's journey has been both testing and energizing.
Introducing Vandana Hermina Vidyasagar as their CSO, NG-NeXT is revolutionizing the country with cost-effective solutions. Their innovative products, SelectRight.ai & NG-Next Test, can save over 80% of hiring time & eliminate manual errors. Aiming to hit Rs 100cr turnover in the coming yr & expand to the US, they're hopeful of success with Vandana & Nishant Gauraw at the helm.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?