Leaked email shows Amazon formed a new group to work on the ‘most ambitious’ AI models
Amazon CEO Andy Jassy promoted Rohit Prasad, SVP and head scientist for Alexa, to his direct report. Prasad is now running a newly created AI team at Amazon. The company is rushing to keep pace with OpenAI, Google and Microsoft in the AI race. Insider has learned that Amazon CEO Andy Jassy now has direct oversight of…
Inside TikTok’s pitch to get marketers selling on Shops, and why the biggest brands are wary of investing
US brands are testing TikTok’s shopping feature that competes with Amazon. TikTok Shops charges lower fees than Amazon, but it requires too many resources from brands. Small businesses are more willing to sell on TikTok. According to multiple ad industry sources, TikTok has been trying to convince advertisers to use its Shop feature in the…
Warner Bros. Discovery is making a big shake-up to its ad sales org. Read how its sales chief explained the changes.
Warner Bros. Discovery is shaking up its ad sales organization. The media giant is backing off its sales approach that was controversial with some ad buyers. It’s also expected to make further staff reductions in ad sales as part of the restructure. Warner Bros. Discovery is reorganizing and restructuring its ad sales organization and structure.…
How lip fillers and laser hair removal are plumping up private equity
Private capital investors are pushing into the med spa industry, prompting growth and scrutiny. Sixth Street, Blackstone, and Ares have backed providers of treatments like laser hair removal. A big med spa trade group is monitoring investments’ impact on the rapidly growing industry. Laser hair removal, body contouring, filler injections — people aren’t just talking…
How a Guggenheim banker-turned-newsletter publisher is building the anti-Vice, profitably
Patrick Trousdale’s The Daily Upside newsletter for investors just hit 1 million subscribers. It’s an example of how a media company can be profitable in a jittery time for the industry. The ex-Guggenheim banker plans to launch more newsletters and paid content, as well as get into audio and video. Patrick Trousdale had the opportunity…
Ad verification company DoubleVerify to acquire AI firm Scibids in $125 million deal
Ad verification company DoubleVerify plans to acquire adtech firm Scibids for around $125 million. It intends to use Scibids’ AI expertise to help advertisers better target and optimize ad campaigns. Scibids clients include major ad holding companies and advertisers like Diageo and Dell. DoubleVerify, a publicly traded ad verification company, has agreed to buy Scibids,…
How Amazon harnessed its influencer network to create buzz and sell products around Prime Day
Amazon offered several incentives to motivate influencers to promote Prime Day this year. Leading up to the annual two-day event, influencers shared shopping guides and deals with followers. This Prime Day, Amazon influencers earned 21.6 times more on average per day than on other days in 2023. This year, it was nearly impossible to miss…
CEO of eBay lays out his master plan to fend off new rivals like TikTok and Shein with AI and live-shopping features
Jamie Iannone, eBay’s CEO, spoke with Insider about the next phase in the e-commerce giant’s evolution. It involves leaning heavily into new technology like artificial intelligence and live commerce. Iannone said eBay’s size would empower it against emerging competitors such as TikTok and Shein. eBay CEO Jamie Iannone has revealed the next step in the…
How to buy a rental property with no money down: A real-estate investor with a 26-unit portfolio shares 2 strategies for new investors — and 7 other tips for getting started
Camille Spinelli has used multiple strategies to acquire properties. She shared two that involve no money down: using hard money loans and credit cards. There are other cheap ways to buy properties, like getting an FHA loan, she said. Camille Spinelli made the decision to pursue financial independence through real estate investing in 2018. She…
