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☆ Tech companies including Adobe are taking a new look at a big industry debt issue
▼ + stars: | 2023-04-13 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

Adobe cloud business insightsDespite the drag of technical debt that the data suggests, some industry executives say it gets a bad reputation. In this sense, technical debt is a signal of iteration. Adobe head of strategic development for creative cloud partnerships Chris Duffey is looking to reshape technical debt. "I would offer to reframe technical debt as the value of insight gathering throughout the innovation creation process," Duffey said. Despite reduction of operational costs, legacy systems in the technical debt bucket are core operational functions that an organization can't just turn off.

☆ Mark Cuban called this CEO a 'great example' for any 'Shark Tank' contestant—he landed 3 offers and a $200,000 deal
▼ + stars: | 2023-04-03 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

While on a camping trip, someone asked Thurmond to create a firepit that wasn't so "massive" and "cumbersome," Thurmond said. Cuban, himself a billionaire entrepreneur, seemed impressed by Thurmond's commitment to getting his product right. Thurmond asked the show's panel of investors — including Cuban — for $200,000 of funding, in exchange for a 10% equity stake in LavaBox. Then, Lori Greiner asked Thurmond a question: What's the most important thing to you in a partner? She offered Thurmond $200,000 for a 15% equity stake, adding a 75 cent royalty per product sold until making back her investment.

☆ AI storytelling startup Tome records fast user growth, to launch paid tier soon
▼ + stars: | 2023-03-23 | by ( Krystal Hu | ) www.reuters.com time to read: +2 min

March 23 (Reuters) - Artificial intelligence storytelling startup Tome has seen its user numbers triple in a month to 3 million and is planning to launch a paid subscription in the coming weeks, Chief Executive Keith Peiris told Reuters, as AI products grow in popularity. Tome is also adding a document-to-presentation feature powered by GPT-4, the latest foundation model released by Microsoft-backed OpenAI. The feature enables users to turn a document of up to 25 pages into AI-generated slides with text and soon photos, competing head-to-head with Microsoft's (MSFT.O) AI "Copilot". "It's a push into work and enterprise use cases for us after all the demand we've seen," said Peiris, co-founder of Tome. Tome's product is currently free to use, while it will soon launch a paid tier that costs about $10 a month to guarantee unlimited access for users, Peiris said.

☆ Google CEO tells employees 'things will go wrong' as the public tests its ChatGPT rival Bard
▼ + stars: | 2023-03-22 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Google's CEO told employees "things will go wrong" with the company's AI chatbot, Bard. Google began rolling out staggered access to its ChatGPT rival on Tuesday. On Tuesday, Google began rolling out staggered public access to its much-anticipated ChatGPT rival, Bard. A spokesperson for Google told Insider that "Bard can sometimes give inaccurate or inappropriate information that doesn't represent Google's views." In the email to employees on Tuesday, Pichai said that public feedback is "critical" to improving Bard's functionality.

☆ What this MIT-trained CEO wishes school taught her differently: There's no 'right way' to succeed
▼ + stars: | 2023-02-28 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

There's no "right way" to become successful. That's what Jasmina Aganovic, the 35-year-old CEO of beauty biotech startup Arcaea, wishes she'd known before she embarked on her career. Aganovic, who has a degree in chemical and biological engineering from MIT, launched Arcaea in 2021 after multiple stints developing products for other biotech companies. Her startup develops lab-grown compounds that mimic common ingredients in beauty products, but in a more effective and sustainable way, she says. School taught her to always search for "the clear, best answer," Aganovic says.

☆ Google CEO tells employees some of company's top products 'were not first to market' as A.I. pressure mounts
▼ + stars: | 2023-02-15 | by ( Jennifer Elias | ) www.cnbc.com time to read: +3 min

Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. “I know this moment is uncomfortably exciting, and that's to be expected: the underlying technology is evolving rapidly with so much potential,” Pichai wrote in a companywide email, which was viewed by CNBC. "Some of our most successful products were not first to market,” Pichai wrote. He said it's time to “embrace the challenge and keep iterating.”“Channel the energy and excitement of the moment into our products," Pichai wrote. “Pressure test Bard and make the product better.”WATCH: CNBC's full interview with Alphabet CEO Sundar Pichai

☆ Google CEO Sundar Pichai asks employees to put two to four hours into helping to improve and 'dogfood' its Bard chatbot
▼ + stars: | 2023-02-15 | by ( Thomas Maxwell | Hugh Langley | ) www.businessinsider.com time to read: +5 min

Google this week began companywide internal testing of Bard, its AI chatbot for search. In a memo, CEO Sundar Pichai has asked all employees to spend 2-4 hours helping test the product. Alphabet CEO Sundar Pichai sent an internal memo to Googlers on Wednesday asking them to contribute 2-4 hours of their time to helping improve Bard, the company's AI chatbot that it intends to integrate into search. Google kicked off "dogfooding," or internally testing, Bard on Tuesday, according to another memo seen by Insider. Read the full memo below:Hi Googlers,Excited to see us opening up Bard for an internal dogfood to help us get it ready for launch.

☆ I made more than $877,000 in revenue last year selling emotional-intelligence card games online. Here's how I built my business.
▼ + stars: | 2023-01-27 | by ( Vartika Puranik | ) www.businessinsider.com time to read: +8 min

Jenny Woo is the founder of Mind Brain Emotion, which sells emotional-intelligence card games. But in 2018, I quit my job at the Montessori school and founded my company, Mind Brain Emotion, where I sell practical card games on emotional intelligence. I used Amazon Ads to bid on keywords that consumers used to search for similar productsA bid is the amount of money you're willing to spend toward a keyword or advertisement. I did more market research between fall 2018 and February 2019, and another card deck was born, 52 Essential Relationships, in March 2019. I went backward to move forward in my business because I recognized that in order to have genuine conversations, trust and understanding are prerequisites.

☆ In leaked memo one day after Dow Jones layoffs, News Corp CEO urges 'full compliance' with back-to-office schedule for Wall Street Journal, New York Post staffers
▼ + stars: | 2023-01-12 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +6 min

News Corp CEO Robert Thomson sends staff memo about the importance of in-person collaboration. The news comes a day after layoffs at News Corp unit Dow Jones that affected less than 2% of staff. The CEO flagged that he'd be asking business leads to consult with managers to "ensure full compliance with in-office work schedules," which "will evolve in the coming weeks," he wrote. The Wall Street Journal's in-office staffing situation in New York is currently being monitored by the company, according to two sources. The spontaneity and serendipity of a dynamic office environment are crucial in creating and in iterating, so in-office attendance is vital to our future success.

☆ Chip firm Navitas, worth $1 billion, is competing with industry leaders to replace silicon chips with more environmentally-friendly gallium-nitride ones.
▼ + stars: | 2022-10-25 | by ( Aaron Mok | ) www.businessinsider.com time to read: +7 min

After spending decades working with silicon chips, Sheridan started Navitas to capitalize on an emerging technology he says has a multibillion-dollar market potential. Today, most of Navitas' GaN chips can be found in phone and laptop chargers made by companies like Samsung, LG, Lenovo, and Dell. Sheridan said integrated circuits gave Navitas chips a competitive edge over GaN chips produced by competitors like Infineon, Texas Instruments, and Nvidia. GaN chips are far from replacing silicon chipsWhile GaN chips have promise, silicon chips are dominant. It says it has also invested in research and development to design GaN chips for bigger systems.

☆ Hollister Lets Teens Send Their Online Carts to Parents for Checkout
▼ + stars: | 2022-10-11 | by ( Katie Deighton | ) www.wsj.com time to read: +5 min

Hollister Co., the Abercrombie & Fitch Co. retailer popular among teens, is rolling out a new system that lets shoppers pass their carts to someone else for payment. “There was a lot of lost sales on the table,” said Samir Desai, chief digital and technology officer at Abercrombie & Fitch Co. The Share2Pay system will initially only be available to customers in the U.S. and U.K. using the Hollister app. It lets shoppers send their shopping carts to the ultimate buyer via text message in lieu of a traditional checkout mechanism. Shoppers using the Share2Pay system can send their baskets to their designated buyers along with a note.

☆ The CEO of chip firm Navitas details its master plan to take on giants like Intel and AMD with a more environmentally-friendly chip that could be more powerful than silicon
▼ + stars: | 2022-08-19 | by ( Aaron Mok | ) www.businessinsider.com time to read: +7 min

☆ How an ex-lawyer built Halo Top into an ice cream sensation with $347 million in sales
▼ + stars: | 2018-11-01 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +10 min

During the summer of 2017, low-calorie Halo Top Creamery was the best-selling pint of ice cream in America. "He just wanted to eat an entire pint of ice cream and not hate himself for it." To satisfy his sweet tooth, he wanted to concoct something that tasted like ice cream but was healthier and had less sugar. He liked his creation so much that he eventually bought an ice cream maker (on sale on Amazon for $20). The ice cream market in the U.S. was $6.7 billion for the 52 weeks ended Sept. 28, 2018, according to Nielsen.

Persons: Jerry's, Doug Bouton, that's, we've, Bouton, Justin, Woolverton, Margie Brevidoro, Haagen Dazs, Dazs, Justin Woolverton, Kirk McKoy, Latham & Watkins, who'd, we're, it'd, Khloe Kardashian, Kloss, Ashley Benson, Nina Dobrev, Hilary Duff Organizations: Ben, CNBC, Nestle, Woolverton, Latham &, Amazon, Bouton, Foods, Top, U.S, Nielsen Locations: America, United States, U.S, Los Angeles, L.A, Oakland , California, Chicago

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