This year, Silicon Valley companies — most notably WeWork and Uber Technologies — are estimated to have lost about $100 billion in value. Car subscription company Fair and software company UiPath are two others that have downsized, and scooter company Lime has had to tweak its operations to prove it can be profitable. As a result, startup executives are honing their pitches and venture capitalists are more wary of investing. Ahoy Capital’s Chris Douvos noted that the five-year “rollicking” party appears to be over. Read more

Sir Tim Berners-Lee, co-founder of the World Wide Web Foundation, has a new “global action” plan to save the Internet from what he dubs a “digital dystopia.” His Contract for the Web would require governments, companies and individuals to pledge and act to protect the Internet from abuse and “ensure it benefits humanity.” “We need to turn the Web around now,” said Berners-Lee, who noted that, “people’s fear of bad things happening on the Internet is becoming, justifiably, greater and greater.” Read more

The Paris Theater has, for decades, been a cherished movie venue in New York City. Many mourned its August closure as the last surviving single-screen theater in the city. But now Netflix has come to the rescue, reopening it this month as a hub for premieres, screenings and special events. Netflix held its theatrical run of director Noah Baumbach’s “Marriage Story” there earlier this month. Having its own theater will make it easier for Netflix to arrange Oscar-qualifying theatrical releases of its movies. Read more

Facebook, the University of Lorraine and the University College London published a paper that detailed how they researched a way to use artificial intelligence to create complex game worlds. Building video game environments has always been time-consuming, but this group’s approach — using content from the fantasy text-based multiplayer adventure “LIGHT” — demonstrated how machine learning algorithms can learn to “assemble different elements, arranging locations and populating them with characters and objects.” Read more

In response to a lawsuit from FairPlay, a coalition of major broadcasting and telco companies, the Canadian Federal Court issued its first pirate site blocking order. The order requires major ISPs to block the domains/IP addresses of GoldTV, a pirate IPTV service, and also opens the door to a more comprehensive push to block other pirate sites. FairPlay also wants to see the implementation of a national pirate site-blocking initiative. CRTC, Canada’s telco regulator, denied the first request, saying it had no jurisdiction. Read more