Pinterest grew Q4 year-over-year revenue by 4 percent, to $877 million, while full year sales jumped 9 percent in 2022 totaling $2.8 billion. The company said that global monthly active users also grew by 4 percent in the three month period ending December 31, to a total of 450 million. CEO Bill Ready emphasized on the earnings call the intent to eventually “make every pin shoppable.” Similar to how it is monetizing still images Pinterest is focusing on making videos “more actionable” by applying what it calls “our computer vision technology.” Read more

President Biden’s second State of the Union speech Tuesday night included calls for stronger consumer privacy protections and tougher antitrust laws in direct challenge to what many perceive as the unchecked power of Big Tech. “Pass bipartisan legislation to strengthen antitrust enforcement and prevent big online platforms from giving their own products an unfair advantage,” Biden stated, urging Congress to “stop Big Tech from collecting personal data on kids and teenagers online, ban targeted advertising to children, and impose stricter limits on the personal data these companies collect on all of us.” Read more

It appears 2023 will mark a critical inflection point for artificial intelligence, according to Microsoft vice chair and president Brad Smith, who calls AI “the most consequential technology advance of our lifetime” and says it will change “almost everything. Because, like no technology before it, these AI advances augment humanity’s ability to think, reason, learn and express ourselves.” One example is Microsoft’s infusion of AI in two common tools — the search engine and the web browser — with new versions of its Bing search engine and Edge browser, tools positioned “as an AI co-pilot for the web.” Read more

Less than a week after UBS proclaimed ChatGPT a record-setter for the app with the fastest-growing user base, the popular AI chatbot has racked up accomplishments that include passing “a U.S. medical-licensing exam, a Wharton Business School MBA exam, and four major university law-school exams,” according to TIME, which couches it in the context of “a brilliant child.” Amidst the fusillade of publicity, OpenAI CTO Mira Murati, who led the teams behind both DALL-E and ChatGPT, says it’s “time to move toward regulating AI,” which “can be misused, or used by bad actors,” raising questions about global governance. Read more

AMC is switching to tiered ticketing, with premium seats costing more. Sightline at AMC will provide seating priced according to the view of the movie screen, with sections designated Value Sightline, Standard Sightline and Preferred Sightline. AMC chief marketing officer and EVP Eliot Hamlisch said Sightline’s “experienced-based pricing” puts movie ticket sales more in line with the way seats are priced at other entertainment venues, such as those featuring music and sports. Sightline at AMC has launched in select markets and the company expects it to expand to additional AMC and AMC DINE-IN locations through 2023. Read more