New FAANG on the block | JOMO for 30th May
In today’s JOMO: A company known for gaming is powering AI, Jio breaks a record and should you trust that Glassdoor rating?
🗞In the news
Reliance’s JioCinema breaks world record with free cricket streaming
The Indian streaming platform drew over 32 million simultaneous viewers for the finale of the 16th edition of the Indian Premier League cricket tournament, featuring Chennai Super Kings versus Gujarat Titans.
In what was a high point for Hotstar, the platform drew an impressive 25.3 million simultaneous viewers for a cricket match in July 2019
TC: https://techcrunch.com/2023/05/29/jiocinema-concurrent-global-record/
Free works in India, bigtime
BlackRock slashes edtech major Byju’s valuation to $8.2 billion
BlackRock has again slashed edtech major Byju’s valuation, this time to $8.2 billion; down 62.7% from $22 billion when it last raised fresh capital.
ET: https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/fidelity-investments-cuts-meeshos-valuation-by-10-two-wheeler-beneficiaries-tally-under-fame-slashed/articleshow/100625041.cms
🤩New products, features, launches
Amazon is testing dine-in payments in India
TC: https://techcrunch.com/2023/05/30/amazon-is-testing-dine-in-payments-in-india/
Taking a cue from Zomato
🤔Interesting read
Investors flabbergasted by Nvidia guidance
Nvidia makes the chips used to train AI models—for instance, ChatGPT’s training was powered by 10,000 Nvidia graphic processing units (GPUs) on a Microsoft supercomputer, according to the BBC. And as every company scrambles to add AI to their products, demand for that hardware is booming. In its gangbusters earnings report earlier this week, Nvidia projected $11 billion in revenue this quarter, annihilating expectations for $7.2 billion.
Morning Brew: https://www.morningbrew.com/daily/stories/2023/05/25/investors-flabbergasted-by-nvidia-guidance
BTW, Nvidia is now worth $1 trillion, joining Apple, Microsoft, Google and Amazon. Some company that
Layoffs push down scores on Glassdoor: this is how companies respond
The Glassdoor site makes it very clear companies cannot remove reviews.
Well, this statement is somewhat inaccurate, as Glassdoor does remove some reviews. I talked with several HR folks whose mandate was to remove unfavorable reviews. This is possible.
The Pragmatic Engineer:
https://newsletter.pragmaticengineer.com/p/layoffs-push-down-scores-on-glassdoor
Oh the shady shady world of Glassdoor reviews. Quite detailed from @GergelyOrosz
😎Cool Products, websites and tools
Magicflow 2.0
Designed to help founders and makers do deep work
https://magicflow.com/
OK
minimalist phone: Launcher App
Productivity meets minimalism
https://www.producthunt.com/posts/minimalist-phone-creating-folders-1
In times when everything is a about AI and ChatGPT et al, the slow key product is COOL. Some really interesting design choices
📊Poll for the day
Have you heard of Nvidia
Ofcourse!
Nope
Came to know recently
Curated from:
Morning Brew, Verge, Techcrunch, Techmeme, CNBC, Hacker News, Product Hunt and more