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The cost of TikTok’s online shopping expansion in the U.S. is beginning to add up.
TikTok Shop, the app’s nascent shopping service, is expected to lose more than $500 million in the U.S. this year, according to a person with direct knowledge of the matter. The loss reflects TikTok’s heavy investment in hiring, building a delivery network and subsidizing merchants that offer double-digit–percentage discounts and free shipping.
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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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BlueStone Finds Its Sparkle BlueStone appears to be defying sceptics. Last year, critics had described the jewellery brand’s IPO as… Read more ›
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"House of the Dragon" gives the Nettles storyline from the original book, "Fire & Blood," to Rhaena Targaryen, who claims Sheepstealer. Read more ›
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Here are 65 editor-approved Prime Day tech deals that are worth buying right now, including TVs, Apple devices, headphones, security cameras, smartwatches, and more. Read more ›
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"House of the Dragon" has introduced a group of new dragonriders in seasons 2 and 3, including non-Targaryen recruits known as "dragonseeds." Read more ›
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Is Vhagar or Vermithor bigger? Who rides Silverwing? Who has Sheepstealer in the show? A guide to all the dragons after "House of the Dragon" season 3. Read more ›
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"House of the Dragon" doesn't shy away from killing major characters. But some deaths — like Jace's in season three — are more tragic than others. Read more ›
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The blog Linuxiac reports: A new systemd fork has appeared with a specific purpose: removing systemd's recently added support for storing a user's birth date in JSON user records. The fork, called Liberated systemd, published its first tagged release as v261 shortly after the official systemd 261 release. In other words, the fork follows upstream systemd while reverting the change that added the new optional birthDate field. Importantly, this is... Read more ›
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Military amphibious vehicles tend to be large, rugged, and armed to the teeth. One joint Brazilian and Italian-designed vehicle also tips the scales. Read more ›
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Here are hints and the answers for the NYT Connections: Sports Edition puzzle for June 22, No. 637. Read more ›
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Любой инструмент для «понимания кода», которым я пользовался, рано или поздно упирался в одну из двух стен.Первая — цикл «grep → открыть → прочитать → перейти по импорту → снова grep». Работает, но медленно, и у него нет ни малейшего представления о том, что process_order, найденный в services.py — это тот самый process_order, который вызывается из api.py, а не однофамилец из tests/. Когда этим занимается LLM-агент, он ещё и сжигает... Read more ›
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Надо сказать, что это был не первый выпуск курсантов из академии, но это был первый выпуск в академии инженеров программистов, и я был в их числе. На нашем курсе было пять учебных отделений. В трёх отделениях были подготовлены военные инженеры по эксплуатации вычислительной техники (инженеры по электронике), а в двух отделениях выпускались военные инженеры-программисты: Читать далее Read more ›
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Amazing Atmos adventures to justify all that money spent on your sweet speakers. Read more ›
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Getting onto a road and not knowing how fast you can drive can be a headache, so that's why states have laws in place to cover that contingency. Read more ›
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A YouTuber turned a countertop ice machine into a custom cooler for an Nvidia RTX 3060, dropping Cyberpunk 2077 temperatures from around 60 degrees to 22 to 23 degrees Celsius. Read more ›
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Before adding another Ryobi tool to your collection, see which products impressed users and reviewers and which ones struggled to deliver. Read more ›
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India’s IPO market is stirring back to life. After months of delays, due to geopolitical uncertainty, volatile equity markets and… Read more ›
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The Pentagon's $1.6 trillion F-35 program reached just 25% full mission capability as software issues and shortages persisted. Read more ›
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The Information
Tencent Holdings has backed a new AI lab founded by Junyang Lin, former lead researcher of Alibaba Group’s Qwen models, according to two people with knowledge of the investment. Tencent invested $20 million in Lin’s first funding round that raised several hundred million dollars at a post-money ... Read more ›
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Data center software startup and AI-server broker Hydra Host has raised $100 million at a valuation of close to $800 million, led by Kindred Ventures. Nvidia, Cathie Wood’s ARK Invest, early CoreWeave backer Magnetar, and existing investors Founders Fund and Flume Ventures also participated. ... Read more ›
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The Murdoch family’s Fox is buying Roku for $22 billion in cash and stock, or $160 a share, giving Roku shareholders an exit at the highest price at which the stock has traded since the 2020-2022 Covid-fueled surge. In recent years Roku has traded mostly below $100 a share. Roku, which sells ... Read more ›
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When Broadcom last week announced a funding venture with Apollo and Blackstone to pay for a gigawatt of computing capacity to be used by Anthropic, it looked like the latest in a series of AI computing deals funded by private equity. Behind the scenes, however, the deal represents a risky move by Broadcom to boost demand for its chips. While the announcement didn’t spell out Broadcom’s role, the company—which works... Read more ›
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Salesforce has agreed to buy Fin, a startup that develops customer agents formerly known as Intercom, for $3.6 billion, as the software giant hopes to win new businesses from enterprises to adopt its own AI offering. The sale price is a big premium to Fin’s last valuation of $2 billion set at a ... Read more ›
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Anthropic can’t catch a break! Leaders of the AI firm are meeting with Trump administration officials in D.C. this week to try to resolve a dispute that blew up on Friday night. The administration said that it would need to cut off access to its most advanced Claude Fable 5 and Claude Mythos 5 models to foreign nationals, which led to the company taking down the models altogether. Then, on... Read more ›
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As AI developers and cloud providers have launched server chips to lessen their dependence on Nvidia’s, some analysts and executives at these firms expected the chips to eat into Nvidia’s market share.That doesn’t seem to be happening.Nvidia has actually increased its share of the market for chips that power existing AI models, known as inference, to 74% from 66% over the past year, according to The Information’s estimates based on... Read more ›
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A Washington, D.C.-based Anthropic customer filed a class action lawsuit against Anthropic Sunday night alleging that the company had misled customers about the value of its premium “Max 5x” and “Max 20x” subscription plans. The lawsuit alleges that Anthropic markets its Max 20x plan, which ... Read more ›
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Nvidia said Monday it plans to raise new debt even as the AI chip leader keeps generating tens of billions of dollars in cash every quarter. It will be the company’s first corporate bond sale since 2021, when it raised $5 billion. Bloomberg earlier reported that Nvidia would sell more than $20 ... Read more ›
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Qualcomm has been in talks to buy Tenstorrent, a startup that designs chips for AI, according to a person with direct knowledge of the deal. The two companies have discussed a price between at least $8 billion and $10 billion, the person said, which would be a significant premium to Tenstorrent’s last valuation. It’s not clear if the price would include payments tied to performance milestones, as has been the... Read more ›
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21.06.2026 22:42
Last update: 22:35 EDT.
News rating updated: 05:30.
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