The popular internal Google forum Memegen filled with complaints and memes. Also: Lyft shares are plummeting and Hollywood star Ashton Kutcher wants to invest in AI.
Good morning! Even during the weekend, work in the digital scene continued in many places.
The top topics:
Google-Employees have harshly criticized their leadership team, particularly CEO Sundar Pichai. Employees are concerned about the way the company handled the announcement by its ChatGPT competitor Bard last week. Staffers took to the popular internal forum Memegen to share their thoughts on the Bard announcement, calling it “rushed,” “botched,” and “un-googley,” according to messages and memes viewed by US broadcaster CNBC.
Google publicly revealed some details of the company’s chatbot technology on Monday. More about Bard was then revealed at an event in Paris on Wednesday. Presented between these events Microsoftwhich is in the ChatGPT developer OpenAI has invested quite successfully in how its Bing search engine will integrate with chat technology. At Google, on the other hand, the Wednesday event in particular did not go quite as expected, even some employees were surprised by the events and content provided by the chatbot was incorrect. [Mehr bei CNBC]
On Founder scene: Millions of Germans are experiencing the crisis of German train up close. The punctuality rate for long-distance trains has now fallen to an incredible 65 percent. 30 years ago it was still almost 90 – so what has gone wrong since then? Our columnist and mobility expert Don Dahlmann has attempted an explanation. [Mehr bei Gründerszene]
And here are the other headlines of the night and the past few days:
Die LyftShares fell more than 35 percent at the start of trading on Friday. The day before, the company released guidance for its first quarter of 2023, which fell short of analysts’ expectations. The company expects revenue of about $975 million in the first quarter, while analysts had expected $1.09 billion. [Mehr bei Wall Street Journal und CNBC]
Sound Ventures, the venture capital firm owned by Hollywood star Ashton Kutcher, is considering launching a new fund, according to a media report. This should focus entirely on investments related to artificial intelligence (AI). According to an insider who wished to remain anonymous, Sound Ventures wants to estimate around 200 million US dollars for it. [Mehr bei Bloomberg]
Paypal is pausing development of its own stablecoin to await how digital assets will be regulated in the future. The payment service provider that customers tokens like Bitcoin and Ether buy, sell and hold, actually wanted to launch the stablecoin in the coming weeks. Stablecoins are tokens tied to the value of a fiat currency. [Mehr bei Bloomberg]
Vinfast, a Vietnamese electric vehicle manufacturer, plans to establish production in the United States by 2024. At the same time, the company will first reduce its workforce in North America. The Vietnamese automaker also previously announced plans to go public in the United States. [Mehr bei CNBC]
JD.com, one of China’s largest e-commerce providers, announced on Friday that it plans to launch a ChatGPT-style product. Other Chinese companies have also announced plans for a competing technology. JD says it will release an “industrial version” of ChatGPT called ChatJD. This will be a chatbot product focused on the retail and finance sectors. The product should be able to generate content and conduct a dialogue between humans and computers. [Mehr bei CNBC]
Our reading tip on Gründerszene: The delivery service Father’s has filed for bankruptcy. In an interview, founder Ralph Hage talks about the mistakes he made. [Mehr bei Gründerszene+]
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Have a good start into the week!
Your Gründerszene editors