The Biz Model Club Newsletter

Hello, Biz Enthusiasts!
Welcome to the end-of-the-week quick takes, where we select only the best news articles to help you stay informed about the important things happening in the world of business and tech.

Quick Takes

1. Tech Titans Bet Big on AI – And It’s Paying Off (Mostly)
The AI rush isn’t cheap, but Microsoft, Amazon, and Google are starting to see some returns. Cloud revenue from these giants jumped 22.2% to a cool $62.9 billion last quarter. Expect even more investment as they chase the next big leap. Read more.

2. Uber Shares Slip on Sluggish Ride Bookings
Uber’s holiday season outlook disappointed investors, with shares dropping 9.3% – the biggest dip in two years. US rideshare growth lagged, but Uber’s looking abroad for stronger gains. Catch the story.

3. Peloton Taps Apple Fitness Cofounder as New CEO
Peloton’s picking Peter Stern, Apple Fitness Plus cofounder, to lead as CEO come January. Known for scaling big subscription services, Stern has big shoes to fill after Peloton’s rollercoaster growth. Get the scoop.

4. ChatGPT Now Doubles as a Search Engine
OpenAI’s ChatGPT now includes web search, going head-to-head with Google and Bing. Expect faster, more accurate answers – and the added thrill of real-time data. Details here.

5. Vending Machines Get a Makeover with Healthier Options
Forget chips and candy – vending machines are trending healthier, with options like salads and fresh meals. Think of it as fast food, reimagined for the productivity-obsessed. Read on.

6. Reddit Turns a Profit (Finally!)
Reddit posted its first-ever profit at $29.9 million, driven by a 68% revenue boost. Daily users nearly hit the 100 million mark – a big moment for the site’s nearly 20-year journey. Learn more.

7. Meta Eyes the Search Market with AI-Powered Engine
Meta’s in the lab building a new search engine, potentially decreasing its reliance on Google. AI-powered search summaries could be coming to a Facebook or Instagram near you. Full story.

8. US Job Growth Stalls in October
The US added only 12,000 jobs in October, far below expectations. Labor strikes and hurricanes took their toll, but unemployment held steady at 4.1%. Dig deeper.

That's a wrap! Stay tuned for more insights and updates as we track these changes together in the weeks ahead!

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