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Chime found a way to offer zero-fee banking services without being a bank itself. But that approach is starting to show its limits.
While Chime brought in more than $1 billion in revenue last year, according to two people familiar with the figure, Chime’s revenue growth has slowed dramatically since 2020. And behind the scenes, the startup that once fetched a $25 billion valuation has struggled to fix costly fraud issues and long-running problems with its core technology.
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The Information
The Miss Universe 2025 winner is Miss Mexico Fátima Bosch. She took the crown after weeks of drama at the pageant. Read more ›
5,864 fresh
Nothing quietly raises the stakes in file sharing as Google opens cross-ecosystem doors. Read more ›
1,170 fresh
It was really easy getting Google's Gemini app to make an image of a second shooter at Dealey Plaza, the White House ablaze, and Mickey Mouse flying a plane into the Twin Towers. We asked and it complied. There were few filters or guardrails, another sign that the battle over generative AI content moderation and […] Read more ›
1,068 fresh
Operators are using the Xbox controllers to fly interceptor drones, an air defense tool that has been used extensively in Ukraine. Read more ›
874 fresh
It's never been easier to quit Google search, as consumers turn to TikTok, Reddit, and ChatGPT to find answers. Read more ›
550 fresh
While Musk wants you to trust Grok to organize all of human civilization's knowledge, the bot's fealty to Dear Leader is out of control. Read more ›
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The king is dead, long live the king! Read more ›
434 fresh
The best cities for software engineers balance high pay and affordable living. Check out the ranking, based on Levels.fyi data. Read more ›
365 fresh
The maker of the eCoffee Energyband says it electrically stimulates your nerves to keep you alert. Researchers are skeptical, and critics see it as a way for China’s bosses to keep workers productive. Read more ›
355 fresh
Joel Edgerton brings Denis Johnson's novella to life in "Train Dreams." Review. Read more ›
351 fresh
NTSB investigators "found evidence of fatigue cracks in addition to areas of overstress failure." Read more ›
330 fresh
Meta's two-story retail store in New York features a wall of Ray-Ban AI glasses and subtle touches, like ping pong paddle mirrors and skate art. Read more ›
301 fresh
Sonder wanted to revolutionize the way people stay. It ended up leaving guests with nowhere to go. Read more ›
299 fresh
Jay Leno says his wife still expresses her love for him: "And when she looks at me and smiles, and says she loves me, I mean, I melt." Read more ›
298 fresh
Google's Quick Share works for Android the same way AirDrop works for Apple's ecosystem, and now Google has announced that the two are finally compatible. So you can now share things between iPhones and Android devices, provided that those Android devices are Google's Pixel 10 family. That's the catch - for now, this only works on those smartphones. Undoubtedly, Google will open it up to more devices in the following... Read more ›
285 fresh
Ubisoft has stated its transaction with Tencent is "on track to close in the coming days", as the Chinese conglomerate acquires a minority stake in its new subsidiary Vantage Studios. Read more Read more ›
279 fresh
fahrbot-bot shares a report from Phys.org: Physicists from Swansea University have played the leading role in a scientific breakthrough at CERN, developing an innovative technique that increases the antihydrogen trapping rate by a factor of ten. The advancement, achieved as part of the international Antihydrogen Laser Physics Apparatus (ALPHA) collaboration, has been published in Nature Communications and could help answer one of the biggest questions in physics: Why is there... Read more ›
259 fresh
The Information
At Tesla’s annual meeting earlier this month, shareholders showed little enthusiasm for a proposal that the electric vehicle maker invest in one of CEO Elon Musk’s other companies, xAI. But Musk’s revelation at the meeting that Tesla is considering building its own chip fabrication plant signaled another way his two companies could work together. Musk had already discussed plans for such a chip fab internally at Tesla months before the... Read more ›
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Microsoft will invest $5 billion in Anthropic, and Nvidia will invest $10 billion in the startup, the three companies announced on Tuesday. Meanwhile, Anthropic will spend at least $30 billion to rent servers from Microsoft’s Azure cloud equipped with Nvidia chips over an unspecified period, and ... Read more ›
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Apple’s succession plans for its next chief executive have accelerated, with its board and senior executives preparing for current CEO Tim Cook to step down potentially next year, according to the Financial Times. Any announcement of succession likely won’t happen until after late January when ... Read more ›
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Before we get to Gemini 3, we want to highlight this morning’s news that former Harvard University President Larry Summers has resigned from OpenAI’s board of directors following a congressional committee’s release of emails showing a personal correspondence between him and convicted sex offender Jeffrey Epstein. Summers had been on the board of the ChatGPT-maker for two years. His departure follows his decision to step back from public commitments in... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Inside Grindr’s boardroom feud • Plus, our Recommendations: “Harry Potter and the Sorcerer’s Stone,” “A Biography of a Mountain” and “Materialists”A bit of housekeeping: The Information’s Weekend section is looking for a reporter for a beat we’re calling “tech wealth and culture.” This person will cover how Silicon Valley’s moguls live large—their pursuits, their pastimes—and how they spend their money. Here’s a... Read more ›
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TeraWulf was limping along as a publicly traded bitcoin mining business until AI companies suddenly wanted access to its data centers. Now the cloud startup is at the center of one of the hottest meme-stock trades. Shares in TeraWulf and competing crypto miners have soared in recent months after they struck deals with tech companies desperate for data centers and energy resources to power their AI bets. Anthropic, maker of... Read more ›
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The White House is working on an executive order that will direct the Justice Department to sue states that pass their own laws regulating artificial intelligence, according to a draft of the order reviewed by The Information. The order, which is still in the drafting phase, could change. The timeline for when it will be formally announced is also unclear. The move is part of a long-standing effort this year... Read more ›
19
Thinking Machines Lab, the company co-founded by ex-OpenAI Chief Technology Officer Mira Murati, is in talks with potential investors to raise about $5 billion in the startup’s next round of funding, according to a person who spoke with Murati. That target would more than triple the capital the ... Read more ›
11
Crypto exchange Kraken said on Wednesday it has confidentially filed for an initial public offering in the U.S., moving ahead with its plan to list despite a recent-sell of crypto-related stocks. The filing comes a day after it raised $200 million from Ken Griffin’s Citadel Securities at a $20 ... Read more ›
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Blockchain.com, a crypto brokerage and wallet provider, is planning to go public next year, the company’s newly named co-chief executive revealed, aiming to list after several volatile years. The company said it promoted its president Lane Kasselman to be co-CEO, alongside its founder and CEO Peter Smith, as part of its listing efforts. Kasselman is a former Uber executive who has worked for the crypto firm for five years. The... Read more ›
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Most popular sources
Business Insider
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28% 7 |
Gizmodo
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14% 10 |
Android Authority
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10% 4 |
The Verge
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8% 1 |
Ars Technica
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6% 2 |
| View sources » | |
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21.11.2025 06:37
Last update: 06:31 EDT.
News rating updated: 13:33.
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