In today's society, there are many alternative ways to work from telecommuting to co-working spaces, but what's in store for the future of this trend? Preston Pesek, Co-Founder & CEO of Spacious, and Jason Feifer, Editor-in-Chief at Entrepreneur, join This Changes Things to discuss how companies are encouraging their employees to work outside the office.
Spacious is an app that allows people to check into restaurants that don't open until 5 pm, and use the space as a working environment. Pesek says that mainly freelancers use the space. People can pay a membership fee of $95 a month and bill their company. He says this eliminates all the reimbursements that companies receive for meals or coffee from employees. It may even be financially smarter for the company.
Feifer says 65% of large companies are expected to use some form of co-working space by 2020. Pesek piggybacks off that, and discusses the social aspect of a co-working space. He believes networking is the main reason people want to join apps such as Spacious.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
