Hey Waivly Crew! 🌊 eBay has made the decision to lay off 1,000 employees. A new paper by MIT researchers suggests automation in the workforce might happen slower than some expect. 🎉 Get 75% Off Waivly+ By Joining Today | Offer Ends January 31st 🎉 Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you access to exclusive Web3, AI, and tech content, insights, news, a members-only weekly newsletter edition, and more, all blended into one super low-cost and quick to join membership 🙌 Click here to get onboard and to become a Waivly+ Crew member! eBay is laying off 1,000 employees
Online retailer eBay will cut about 1,000 roles, or an estimated 9% of its current workforce, the company announced Tuesday. “While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,” eBay CEO Jamie Iannone said in a letter shared with employees. “To address this, we’re implementing organizational changes that align and consolidate certain teams to improve the end-to-end experience, and better meet the needs of our customers around the world.” The layoffs follow a wave of cuts in the tech industry after substantial hiring during the pandemic, including at behemoths such as Amazon and Google. Alongside the job cuts, eBay will scale back the number of contracts within its “alternative workforce” over the coming months, Iannone added in the note. Learn VR with us in 5 days: Lesson 3
Virtual reality (VR) experiences are built upon a combination of carefully crafted elements that aim to simulate reality in a convincing manner 💡 Graphics play a crucial role, with advancements in rendering techniques enabling lifelike visuals that contribute to the sense of presence Learn more about VR experiences in our new course now by clicking the button below 🙌 Netflix reports 13 million subscriber surge
Netflix announced on Tuesday that it gained over 13 million subscribers in the fourth quarter, exceeding analysts' expectations and achieving the highest fourth-quarter growth in its history. The streaming giant now boasts approximately 260 million total subscribers. In addition, the company reported a fourth-quarter revenue of $8.8 billion, reflecting a 12.5% increase from the previous year, with a net income of $938 million, significantly surpassing the $55 million reported in the fourth quarter of 2022. Earlier in the day, Netflix announced a groundbreaking sports rights deal with WWE, exclusively bringing "Raw" and other wrestling shows to Netflix in various regions starting in January 2025, in a deal worth over $5 billion for an initial 10 years. The Waves🚫 OpenAI suspends developer behind Dean Phillips Bot 💼 Riot Games cuts more than 500 jobs ✨ Disney unveils 'HoloTile' floor technology 🍿 Netflix is phasing out its cheapest ad-free Basic plan Discover more Waves in the Waivly Community. Click here to get onboard! 🌊 Learn Artificial Intelligence with AI Tool Report
Learn AI in 5 minutes a day with AI Tool Report 🤖 They teach you various topics surrounding AI such as how to save time and earn more with it! Join 350,000+ readers and subscribe to their free newsletter for trending tools, productivity boosting prompts, and more by clicking the button below. Tech SpecialAI probably won't take your job — yet
Will artificial intelligence take our jobs? Silicon Valley executives might think so, given the capabilities of today's AI systems. However, a new paper from MIT researchers offers a different perspective. Conducted at MIT’s computer science and artificial intelligence laboratory, the study not only explores AI capabilities but also assesses whether it makes economic sense for firms to replace human tasks. The findings indicate that, while computer vision AI can handle tasks equivalent to 1.6% of U.S. worker wages, only 0.4% of the economy is currently cost-effective to automate. This suggests a more gradual scenario for AI job displacement, leaving room for potential government policies and retraining programs to address unemployment impacts. Apple targets 2028 release date for its own electric vehicle
Apple has shifted gears on its long-standing automotive venture, now focusing on an electric vehicle (EV) akin to Tesla's rather than a fully self-driving car, according to Bloomberg's Mark Gurman. The "Apple Car" is now expected to launch in 2028, two years later than initially planned. Initially targeting Level 5 autonomy, the car's features have been reduced to a Level 2+ system with partial automation, including lane centering and driver-assist functions. This strategic pivot is viewed internally as a pivotal moment for Apple, with the success of the pared-down project determining its future. Despite the shift, Apple still aims to offer a Level 4 autonomous system eventually, with talks ongoing with potential manufacturing partners in Europe. Google Chrome adds new AI features to boost productivity and creativity
Google's latest Chrome update, Chrome M121, introduces new generative AI features for improved user experience. These include a tab organizer, a writing assistant, and customizable artwork and themes. To enable these features, users must activate the "Experimental AI" toggle in the Settings menu. The Tab Organizer automatically suggests ways to classify open tabs and create groups based on topics. Clicking 'Organize Similar Tabs' aggregates relevant pages, simplifying tab management. For example, shopping-related tabs can be grouped under a name like 'Ski-trip shopping gear.' In addition, Chrome's new text assist tool serves as an experimental feature to aid users in drafting text, including Google reviews or social media posts. By selecting "Help me write," the tool can complete sentences or provide suggestions for continuing the text, enhancing the writing process. Waivly Jobs Highlights👩💻 Content & Communications Manager at IDEX 👩💻 DevOps Engineer at Ston.fi 👩💻 Product Designer at Dapper Labs 👩💻 Fullstack Engineer at Flood Share the Waivly newsletter with your friendsThat wraps up today's newsletter, thank you for reading through. Know someone else who would enjoy the Waivly newsletter as much as you do? Let them know about us, send them a link to join, and get great rewards for doing so! The reward per referrals are:
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