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Sunday, June 18, 2023

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TECHPRESSO

☕️ Techpresso: Meta's AI Struggle, Jack Ma's Appearance, Reddit's Traffic Drop

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This is your daily dose of ☕️ Techpresso, where you get the latest tech news of the day effortlessly.

Here's the latest tech news from the last 24 hours:
🤖 Meta struggles after losing a third of its AI researchers
💼 Jack Ma's first public appearance in a while
🔻 Reddit's daily traffic dropped during blackout

🤖 Meta struggles after losing a third of its AI researchersLINK

  • Meta, formerly Facebook, has lost a third of its published AI researchers since the launch of OpenAI's ChatGPT, amid layoffs and missteps in AI innovation.
  • An internal survey showed only 26% of Meta employees feel confident in the company's leadership, with researchers citing burnout and lack of faith in the company's direction.
  • Despite CEO Mark Zuckerberg's assurance of AI advancements, Meta struggles to compete with AI industry leaders such as OpenAI and the new AI competitor Midjourney.

    • 💼 Jack Ma's first public appearance in a whileLINK

  • Jack Ma, founder of Alibaba, recently resurfaced at a math competition sponsored by Alibaba after his withdrawal from public life in 2020.
  • His public appearances have been rare since his criticism of Chinese regulators, leading to speculation about his well-being.
  • Ma has recently taken up a teaching role at the University of Tokyo, focusing on sustainable agriculture and food production.

    • 🔻 Reddit's daily traffic dropped during blackoutLINK

  • Reddit experienced a small but notable decrease in daily visits, falling from over 57 million to fewer than 53 million during a 48-hour blackout protest against the platform's upcoming API changes.
  • During this period, the amount of time users spent on the site also declined significantly, with an average session length dropping from about eight minutes and 31 seconds to seven minutes and 17 seconds.
  • This temporary drop in daily traffic and usage time might impact Reddit's future if it continues, especially in light of the platform's planned policy changes and the upcoming initial public offering (IPO).

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