Top headlines of the week by GGD News
Jay-Z’s New AI Investment
Marcy Venture Partners, the investment firm backed by Jay-Z has led a $16.5 million funding round into Stellar Pizza. The L.A. based food truck company uses robotic technology to make pizza. A single pie can be cooked within five minutes.
What Exactly is Google Bard?
With all the hype over ChatGPT, it seemed like Alphabet was getting nervous, so voilà! Google Bard was rolled out. Bard is an AI chat service that pulls info directly from the web.
Is Blockbuster Coming Back?
It has been over 10 years since Blockbuster was fully operational, with multiple locations around the world. But recently, Blockbuster’s website was reactivated. On the website, “We are working on rewinding your movie.” appears.
HSBC Buys Silicon Valley Bank UK for £1
In a rescue deal, HSBC bought the UK branch of Silicon Valley Bank for a little over $1. The private sale was made on Sunday night, and overseen by the Bank of England. An estimated $7 billion worth of company deposits were saved. Many of Britain’s startups, venture capital funds, and tech companies are protected and can now make payroll.
Unsold: Adidas Stuck with $1.3 Billion Yeezy Inventory
After Adidas and Kanye West discontinued their partnership, the sportswear giant was left with a mountain of unsold Yeezy sneakers. Options to deal with their $1.3 billion inventory are limited.
Chris Rock Debuts Netflix’s Very First Live-Streamed Event
Over the weekend, Chris Rock became the first entertainer to stream a live global event on Netflix. And yes, he addressed “The Slap.” In addition to Chris Rock: Selective Outrage, live pre-show and post-show events were arranged, featuring comedians and celebrities like Leslie Jones, Arsenio Hall, Sir Paul McCartney, Amy Schumer, Jerry Seinfeld, and more.
Saudi Arabia is Finally Letting Women Drive
In Saudi Arabia, driving as a woman is no longer a crime. This week, the kingdom officially began issuing driver’s licenses to 10 women. Prior to lifting the ban, Saudi Arabia was the only country in the world where women did not have the right to drive.