The AI services transformation may be harder than VCs think

Venture capitalists believe they have found the next major investing edge. Their strategy involves using artificial intelligence to achieve software-like profit margins from traditionally labor-intensive professional services firms. The plan is to acquire mature companies, implement AI to automate tasks,…

DJI loses lawsuit over classification as Chinese military company

A federal judge has rejected drone maker DJI’s efforts to be removed from a Department of Defense list of Chinese military companies. US District Judge Paul Friedman ruled that the Department of Defense had provided substantial evidence that DJI contributes…

Do EA buyout talks hint at bigger industry troubles?

Electronic Arts is one of the biggest names in the video game business, and it is reportedly in talks to go private. This potential move raises questions about its motivations. According to reports, video game companies are moving towards consolidation.…

Beware coworkers who produce AI-generated ‘workslop’

Researchers at the consulting firm BetterUp Labs, in collaboration with the Stanford Social Media Lab, have created a new term for low-quality, AI-generated work. They call it “workslop.” As defined in an article published in the Harvard Business Review, workslop…

AI startup Friend spent more than $1M on all those subway ads

If you have ridden the New York City subway recently, you have likely noticed stark white ads promoting a wearable AI device named Friend. The company’s CEO, Avi Schiffman, stated that they spent over one million dollars on this campaign.…