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Mr. Shah led a buyout of Ziff Davis, a century-old magazine publisher whose titles chronicled the early tech boom, in 2010. The company was then acquired by J2 Global, which Mr. Shah eventually split into two pieces. One company, Ziff Davis, kept well-known publishing brands like Mashable, and the other kept a fax provider called eFax. But Mr. Shah said that he believed additional deals like the one for CNET would increase its profits. Mr. Shah said he decided to acquire CNET partly because it is well-known industry brand, and its sizable audience will give Ziff Davis greater clout with advertisers looking to reach tech consumers.
Persons: Shah, Ziff Davis, Ziff Davis’s Organizations: J2 Global, Mashable, CNET, CBS, Red Ventures
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's distribution advantages gives it an advantage in A.I. as well: Kindred's Kanyi MaqubelaKanyi Maqubela, Kindred Ventures managing partner, joins 'Tech Check' to discuss the A.I. boom, Amazon, and more.
Organizations: Kindred Ventures Locations: A.I
A new device by Humane can project phone calls onto the palm of a hand. In a video of the event that Ali shared with Insider, Chaudhri's talk appeared to be interrupted by the insistent chime of a call. But instead of reaching for a device in his pocket, Chaudhri simply turned over his hand to gaze at his palm. A representative for TED indicated that the video that Ali shared was likely captured from a livestream. "Humane will be releasing further details on how the device works in the coming months," a company spokesperson told Insider.
CNET is laying off roughly 10% of staff including several long-time employees, The Verge reported. The news come just weeks after the company was found to be using AI to generate articles. CNET told Insider that layoffs are unrelated to its use of AI to create content. CNET revealed it had published 77 articles since November using an "internally designed AI engine." The company said it would stop using AI to generate articles in a staff call in January.
High-yield savings accounts have become an even better place to park cash you might need in the near future, while still growing your money. For a $10,000 investment, that works out to about $400 in annual interest, compared with just $55 a year ago. Traditional savings accounts currently have an average APY of 0.23% — about 1,600% less than the rates offered by high-yield accounts. Despite the higher interest rates, only about 20% of Americans have a high-yield savings account, according to a 2020 YouGov survey commissioned by Red Ventures. For more on how to sign up for a high-yield savings account, CNBC Select has you covered.
Daniel Erichsen, founder of the Sleep Coach School Daniel ErichsenDaniel Erichsen spent about a decade as a sleep doctor, primarily seeing patients who were struggling with sleep apnea and insomnia. According to market research firm Imarc, the global insomnia market will hit $5.1 billion this year and climb to $6.1 billion by 2028. Other apps, including some backed by venture capital firms, promote cognitive behavioral therapy for insomnia, or CBT-I. That therapy is meant to change the way people think about sleep and incorporates behavior changes like sleep restriction and stimulus control. Kendall's message, which mirrors much of Erichsen's teachings, is that sleep is simple, but insomnia makes it seem complex.
Recurrent Ventures made a digital-media splash with acquisitions like The Drive and Popular Science. In May of last year, Recurrent Ventures announced its flashiest deal yet: a $300 million fundraising round led by the private-equity giant Blackstone. To make a more appealing parent brand to house a growing fleet of media properties, they eventually created a new entity called Recurrent Ventures. Recurrent Ventures expanded as it acquired well-known publishers like the 150-year-old Popular Science. Recurrent Ventures shut down MEL Magazine, the men's lifestyle publication it once planned to make the centerpiece of a new lifestyle vertical of sites.
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