ICYMI: 01.31.23

King Charles III Sues Twitter for Nonpayment of Rent

The Crown Estate, the corporation that manages King Charles III’s estates, is suing Twitter for nonpayment of rent for Twitter’s London headquarters. Twitter’s landlord, SRI Nine Market Square LLC, is suing the social media company over allegedly unpaid rent at its headquarters in San Francisco, which occupies eight floors.

Tesla’s Price Cuts Could Spark E.V. Pricing War

Tesla cut the prices of its new cars by as much as 20 percent, triggering new orders for car buyers looking for affordable EVs. Tesla also reported record revenue, beating expectations for earnings and revenue. For the fourth quarter of 2022, its earnings per share were $1.19 versus $1.13, and its revenue was $24.32 billion versus $24.16 billion.

Microsoft Invests Billions in OpenAI

Microsoft is making a multibillion-dollar investment in OpenAI, the startup that created ChatGPT. Microsoft invested $1 billion in OpenAI in 2019 to enhance its Azure cloud-computing platform, which led to a series of breakthroughs in the A.I.’s algorithms.

BuzzFeed to use ChatGPT creator OpenAI to create content

BuzzFeed plans to use ChatGPT creator OpenAI to enhance content for its audiences. Meta is paying the media company millions to generate content for Facebook and Instagram.

Employee Experience Manager Rising Position

Employee Experience Manager is one of the fastest growing roles at U.S. Companies. The role was borne from the pandemic after half of all U.S. workers reported that they were disengaged from their work and performed the minimum requirements, a trend known as Quiet Quitting.

Small Businesses Still Hiring Amid Fed Cool Down

Small businesses with fewer than 250 employees accounted for four out of five available job openings and accounted for 78% of the U.S. job listings in November.

Tech Jobs in High Demand Despite Massive Layoffs

Tech jobs remain in high demand despite layoffs among the industry’s top employers. Eight out of the ten “best jobs in the U.S. in 2023” are technology roles, according to Indeed.