Fintech

The Stack: Ma Steps Away from Ant Group; Microsoft Mulls USD$10bn in OpenAI

This week: Jack Ma relinquishes control of Ant Group, Microsoft deliberates a USD$10bn (~£8.22bn) investment in ChatGPT creator...

Another stirring week in ad tech began with the announcement that Jack Ma will step back from Ant Group, following a lengthy probe into the firm by Chinese authorities. News that Microsoft is considering investing up to USD$10bn (~£8.22bn) in ChatGPT developer OpenAI on Wednesday (11th January) only served to heighten the drama.

In social media, TikTok looked set to take a bigger slice of the digital advertising market from its rivals by offering lower-cost ads. Meanwhile, YouTube revealed its new monetisation process for Shorts will go live on 1st February, unveiling renewed benchmarks for partner creators.

PressBox Digest

Cedara Launches Media Taxonomy for Carbon Emissions Measurement for the Media & Advertising Industry

Sojern & PUSHTech™ Collaborate to Better Support Partners' First-Party Data Strategies

Purpose-Led Ad Platform Good-Loop Names Julia Hitchman as its Chief Commercial Officer

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Hannah Dillon

Hannah joined ExchangeWire as staff writer in 2022, having previously worked in marketing, communications, and social media. Hannah graduated from the University of Manchester with a BA in Drama and English Literature.

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