TheFutureParty
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The Future. Last November, Spotify threw a huge, ritzy Wrapped party — then fired 1,500 workers. This is a head scratcher for music streaming giant, which is facing major scrutiny for the decision. The pressure may force Spotify to reorganize their budget structure entirely. Murder on the dance floorSpotify is facing major scrutiny as it […]
The Future. Upcycling — the term for recycling something to create a new, more valuable product — is all the rage in the beauty industry. Brands are reusing agricultural byproducts to make perfumes and lotions and to sell the idea that their products are virtuous. If consumers buy that idea, the beauty industry may be […]
The Future. The explosive popularity of generative AI programs — particularly large language models (LLMs) — has created a huge demand for workers with backgrounds in the technology. Big Tech is offering programmers, copywriters, and even product managers record sums for AI jobs, but that’s made it nearly impossible for small, open-source startups to compete […]
The Future. The recent revolution in generative AI has made convincing deepfakes cheap and easy to make. That’s a serious problem for the upcoming presidential election, because more sophisticated misinformation tools could have a larger impact on voters. Better means worseMisinformation has been used in the past two elections, but improved tech means more convincing […]
The Future. After a hard few years for San Francisco, the famously expensive city is finally starting to recover from its steady outflow of residents and tenants. AI hype and return-to-office mandates are causing the city to liven up but aren’t protecting it against the volatility of bubbles. Just like old timesBig Tech’s biggest players […]
The Future. The EU handed down a €500 million (~$539 million) fine to Apple after investigating Spotify’s complaint that Apple prohibits iPhone apps from informing users about cheap alternatives to Apple’s music service. If the fine stands, Apple will likely have to give third-party apps more freedom than ever before. History timeThe story of the […]
The Future. As the first generation to grow up with social media, Gen Z has their whole lives documented online. This can ruin their professional aspirations since employers can take Gen Zers’ personal lives into consideration in the hiring process. To succeed in their careers, Gen Z may have to wipe the slate clean. Work […]
The Future. Hollywood’s been afraid of Netflix (as they should be) ever since the platform won the streaming wars. But in terms of ad revenue and viewership, YouTube’s even more powerful, and it doesn’t use the streaming model at all. Forget wars — YouTube’s ushering in a new era of media consumption. A league of […]
The Future. BetMGM, the sports betting operator, has partnered with X to make its services available on the platform. The move could remake X as a betting hub and fix its revenue problem — or accelerate the mass exodus of reputable advertisers from the site. A calculated riskAs of Friday, BetMGM is officially X’s “exclusive […]
The Future. Big Tech is credited for having creative ideas, but a recent study suggests that startups generate much more innovation than the large companies who capitalize on them. If we truly prize innovation, we should make things easier for startups — not tech giants. Patent discrepancyA paper in The Strategic Management Journal measured the […]