In other news, the fridge of the future will have thinner walls and more shelf space, thanks to a new insulation material announced by Whirlpool. Tech founder Michael Dell took a shot at old foe Carl Icahn, who has had multiple run-ins with Dell over his PC company. Meanwhile, market experts are split on whether we'll face a recession, with some believing it could still take one or two years for inflation to return to normal. Despite this, prices of things like energy bills and groceries will likely remain high.
Key takeaways:
- The "creator economy" is a $250 billion industry and could nearly double to $480 billion by 2027, according to Goldman Sachs analysts.
- Despite the jokes made about aspiring social-media stars, the industry is serious business with more money being poured into it from companies' advertising and marketing departments.
- The rise of the creator economy is happening as the traditional entertainment industry undergoes a massive reset, with two Hollywood strikes this year and a pullback on content spend.
- While the creator economy is growing, it faces challenges such as how creators will leverage AI without lowering their value as a creator.