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On May 9, Expensify issued a quarterly earnings report that even its likable longtime CEO couldn’t soften. It had been a “nuclear winter” for the economy, David Barrett told shareholders. There were silver linings for his expense management software company, but “don’t get me wrong, this quarter sucked.” His blunt diagnosis ignited a sell-off on shares in the $500 million firm, sinking Expensify’s stock to an all-time low, down 87% from its public market debut just 18 months ago.
But as dour as the Q1 earn
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The Information
An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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I've rounded up the best TV deals on TVs we've tested here at TechRadar before Prime Day comes to a close. Read more ›
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Ukraine's new Trophy Lab is an "unprecedented" move, exposing specifications and data on Russian and North Korean weaponry. Read more ›
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Hundreds of outbreaks tied to harmful marine algae and other sources have been reported in the U.S. since 2011, a new CDC report finds. Read more ›
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Кризис и ИИ создают в ИТ массу эффектов. Есть и позитивные – например, приятный сквознячок выдувает из нашей отрасли менеджеров и коммерсов, которых кадрово-денежный пылесос всосал за жирные годы.Я пару лет собирался написать статью про коммерсов в ИТ – феномен интересный, и возник относительно недавно. Но пока я валандался, стало поздно – ребят смывает, и можно только побурчать им вослед. И я бы забыл про эту плановую статью, но интересный... Read more ›
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Microsoft is hiking Xbox prices yet again. The company already hiked prices once back in May of last year, and then again later in October. This time, the company is increasing the prices of the 512GB models by $100 and 1TB models by $150. The 2TB model is being discontinued. The current prices are as follows. Model New pricing Previous pricing Xbox Series S (512GB) $499 $399 Xbox Series S... Read more ›
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A Silicon Canals Mind piece on how childhood emotional display rules can become adult habits around timing, calm, conflict, and directness. Read more ›
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Exposed records from the private group included the personal information of a senior White House intelligence official and an active-duty special operations officer. Read more ›
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Best Buy is slashing almost $600 off a fantastic gaming laptop that basically has no compromises. It delivers solid performance across a wide variety of workloads and rocks a stunning 16-inch 240Hz OLED that can make anything look good. Asus has put 16GB of RAM and a 1TB PCIe 4.0 SSD onboard, too. Read more ›
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AYANEO's much-awaited Pocket Micro 2 Android handheld is now out, with a starting price tag of $269. Read more ›
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My Prime Day gaming chair hunt has come to an end, as I've found the ideal option, but it isn't from Secretlab or Razer. Read more ›
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Stylish, protective Kindle Colorsoft cases with big price cuts — and they'll all fit Paperwhite Kindles too. Read more ›
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Apple is reportedly planning a redesigned MacBook Pro with OLED and touch support, but the expected M6 Pro and M6 Max chips may not happen. Read more ›
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It wouldn't be Amazon Prime Day without some beauty deals. Here's a roundup of all our favorites. Read more ›
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On this week's episode of The MacRumors Show, we discuss potential price rises for the iPhone 18 lineup following Apple's wave of hikes yesterday, as well as plans for the Apple Watch Ultra 4 and camera-equipped AirPods. Subscribe to The MacRumors Show YouTube channel for more videos Apple yesterday raised prices across most of its lineup, including HomePod mini, HomePod, Apple TV, the entire iPad line, the entire Mac line,... Read more ›
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Исследователи могут вызвать конкретный тип смеха точечным разрядом тока.Когда мы искренне хохочем над отличной шуткой и когда вежливо выдавливаем смешок на совещании ради приличия, со стороны это выглядит примерно одинаково. Но внутри нашей головы в эти моменты разворачиваются принципиально разные сценарии, которые ученые могут искусственно воспроизвести вообще без какого-либо социального контекста.Нейробиологи Фаусто Каруана и Софи Скотт собрали данные многолетних исследований в масштабном обзоре для журна Read more ›
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Micron's chief business officer has hinted, without calling it out by name, that Apple's tough supplier negotiations contributed to the conditions behind the global memory shortage. In remarks given to The Wall Street Journal on Wednesday, Sumit Sadana explained that Micron was unable to fund capacity expansion during the industry's previous slump, a period when its margins turned negative partly because some buyers pushed relentlessly for lower prices. We told... Read more ›
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The Information
The Chainsmokers are back. They released new songs in May—and are raising a new venture fund.Their firm Mantis VC is raising its fourth fund, an unofficial milestone that graduates them from emerging managers to just regular old VCs. Read more ›
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A couple of weekends ago, Sarah Polcz, a University of California, Davis, law professor, and her husband, Adam Brown, a top scientist at Google’s DeepMind, hosted a party at their Portola Valley home that had all the trappings of a geeky good time. One guest piloted a drone that rained down ice cream bars on the kids in attendance. At the swimming pool, people took turns riding on a minihouseboat—the... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: The brains behind Bernie’s AI sovereign wealth fund? A Silicon Valley law professor • The Takeaway: How I learned to love Mark Rober• E-commerce: The fast-growing Thiel-backed startup defying a creator economy slowdown• Plus, Recommendations—our weekly pop culture picks: “Foul Play,” “The Feather Wars” and “Portobello”A couple days ago, I snagged a red-hot invite: David Holz, the Midjourney founder, was throwing a... Read more ›
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SpaceX’s strong first week of trading made one thing clear: Racing through its IPO at warp speed cost it nothing. The company went from initial confidential filing to listing in just 74 days, much faster than other tech IPOs in recent years, including those of CoreWeave, Figma and Airbnb, an analysis of securities filings shows. Initial public offering lawyers and consultants say the speed reflects a more hands-off approach adopted... Read more ›
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Morgan Stanley, one of the most active banks in financing data center developers, is now pitching some of those same clients on tapping a market better known for funding leveraged buyouts. It’s a sign that in the race to raise money for AI infrastructure, developers and their advisors are turning over every stone. Over the last few months, Morgan Stanley has suggested to clients that the next time they need... Read more ›
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If you’ve wanted to visit the South of France, this might be the week. The annual Cannes Lion ad festival, a time for ad folks from all quarters to gather, gets underway tomorrow. The impact of AI on advertising and media is sure to be front and center. OpenAI’s chief revenue officer, Denise Dresser, is scheduled to appear onstage twice, according to the official program, including on a panel with... Read more ›
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The initial public offering for Lime, an electric scooter and bike rental company that was once a stalwart of the late 2010s startup scene, is getting financial support from an old friend: Uber. The ride-hailing giant is expected to invest a “meaningful” amount in the deal and be named as an anchor investor on the cover of an updated IPO prospectus that Lime plans to file Monday, a person familiar... Read more ›
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John Jumper, the Google DeepMind Vice President who co-won the 2024 Nobel Prize in Chemistry, is leaving the company to join rival Anthropic, he said on X on Friday. Jumper’s move follows that of another high-profile Google researcher, Noam Shazeer, who earlier this week announced he had joined ... Read more ›
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Lime, the electric scooter and bike rental company, is set to receive financial backing from its long-time partner and investor, Uber. In an updated IPO prospectus filing expected Monday, Uber will be named as an anchor investor for the deal, The Information reported. Lime is targeting a $1.8 ... Read more ›
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Few companies have gone public with books as unusual as OpenAI’s. At first glance, the company portrayed by the AI startup’s financial statements, reviewed by The Information, resembles a lean, low-debt software business. Its balance sheet, as at March 31, had zero debt and less than $750 million of lease liabilities. Its cash-flow statement, moreover, showed OpenAI—one of the most hardware-centric tech businesses—spending just $46 million on capital expenditures in... Read more ›
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