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Amazon is going global with its counterattack on bargain sellers Temu and Shein.
The e-commerce giant is planning on expanding Haul, the ultracheap Temu look-alike it launched in the U.S. in November, to countries in Europe starting this year, according to a seller consultant who spoke with Amazon representatives. At the same time, a recent Amazon job posting described efforts to launch in Mexico as part of a broader global expansion push.
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This story appeared in the Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to the Logoff. Today I’m covering another purge at the Justice Department, where Donald Trump’s administration is taking revenge against high-ranking career prosecutors who prosecuted Trump allies over January 6 and […] Read more ›
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Deep in Queens, New York, out near John F. Kennedy Airport, Larry Fischer was distraught. One of his favorite Italian joints—Don Peppe, the place where he lunched with Facebook’s lawyers after selling them Messenger.com in 2014—had closed for vacation this past week. It had seemed like a fitting place for our conversation about another domain name deal he’s got in the works that he hopes can be even higher profile.... Read more ›
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Instagram is considering launching a stand-alone app for its short-form–video feature, Reels, Instagram chief Adam Mosseri told staff this week, according to a person who heard the remarks. Such an app would be similar to the TikTok experience of scrolling through videos, and would be Instagram’s most aggressive move so far to take advantage of its Chinese-owned rival’s uncertain position in the U.S. Instagram’s efforts to take on TikTok are... Read more ›
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Happy AI Agenda Live day! I’m so excited to see many of you at our event later today, where we’ll hear from executives at top AI firms like Anthropic and Google as well as venture capitalists and founders on what research breakthroughs are coming and where to invest.One topic we’ll be sure to broach is the growing pressure chief financial officers are putting on their colleagues to start showing a... Read more ›
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Meta Platforms is planning to launch a standalone app for its Meta AI chatbot in a bid to compete with OpenAI’s ChatGPT, CNBC reported, and also plans to test a paid subscription version. Launching a separate app would put Meta on a level playing field with its rivals in artificial intelligence. ... Read more ›
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Instagram has been firing on all cylinders to take advantage of the uncertainty around TikTok in the U.S. The latest: the Meta Platforms-owned app is now considering whether to spin out Reels into a separate app, as we were first to report on Wednesday. A separate app for Reels could make a lot of sense. Instagram has had an identity crisis in recent years as it has tried to balance... Read more ›
30
Cloud and chip executives have predicted for two years that Nvidia’s dominance in artificial intelligence server chips would crater, but that hasn’t come to pass. Yet Rene Haas, CEO of Arm Holdings, whose chip designs power part of Nvidia’s systems as well as those of major competitors, feels comfortable saying it’s only a matter of time before sales of other AI chips grow meaningfully as well. Read more ›
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The biggest risk-taker in tech investing is back to his old playbook, loading up on debt to fund his latest obsession: artificial intelligence. SoftBank Group CEO Masayoshi Son is planning to borrow $16 billion to invest in AI, his company’s executives told banks last week, according to a person with direct knowledge of the discussions. The talks haven’t been previously reported. The company might borrow another $8 billion in early... Read more ›
21
Enterprise software companies that raised money at lofty valuations during the pandemic startup boom are facing many obstacles as they look to jump-start growth. One is the threat from generative artificial intelligence.In our Enterprise Software Startup Takeover List, we’ve identified 92 promising candidates for acquisitions in the coming year. The challenge for many of those companies—all of which were founded in the pre-ChatGPT era—will be articulating to any potential buyer... Read more ›
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Amazon is going global with its counterattack on bargain sellers Temu and Shein. The e-commerce giant is planning on expanding Haul, the ultracheap Temu look-alike it launched in the U.S. in November, to countries in Europe starting this year, according to a seller consultant who spoke with Amazon representatives. At the same time, a recent Amazon job posting described efforts to launch in Mexico as part of a broader global... Read more ›
15
A growing number of artificial intelligence assistants will make workers more productive in specialized fields such as law, medicine and entertainment. It could also replace some jobs altogether, said speakers at The Information’s AI Agenda Live conference Thursday. “We have tech companies very actively thinking about how I can reduce my IT staff, HR support staff, customer service teams,” said Arvind Jain, co-founder and CEO of Glean, a startup that... Read more ›
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04.03.2025 04:23
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