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ByteDance is closing the revenue gap with Facebook owner Meta Platforms as it generates more sales from advertising and e-commerce.
The Chinese owner of TikTok saw revenue surge more than 40% to $29 billion in the second quarter from a year earlier, according to people with knowledge of the figures. Thatâs a far higher growth rate than other advertising-powered internet companies, including Meta, whose revenue rose 11% to $32 billion in the same period.
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This week OpenAI announced a 750-task test to to measure "whether AI systems can support realistic life science research tasks, not just answer biology questions." But while OpenAI's top-performing GPT-Rosalind model led the rankings, Slashdot reader BrianFagioli notes that "it achieved a pass rate of just 36.1 percent, failing nearly two-thirds of benchmark tasks." Nerds.xyz points out that means "the best-performing model failed nearly two-thirds of the benchmark's tasks." The... Read more âș
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Anthropic and OpenAI have some pressing reasons to go public. But they have already relieved some of the pressure that typically pushes companies toward initial public offerings: employees anxious to cash out their equity. The two AI model companies have allowed early employees and investors to sell a combined $14 billion in shares over the last five years, according to The Informationâs estimates. More employee sales of private shares are... Read more âș
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Demand for knockoff versions of retatrutide, a peptide-based drug being developed by Eli Lilly, has skyrocketed lately, propelling a gray market that likely exceeds $100 million in annual sales, according to an estimate prepared by The Information that examined many of the marketâs biggest ... Read more âș
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What a weekend! Set time aside this coming Thursday for the New York City ticker tape parade celebrating the victorious Knicks. The joy flowing from that game Saturday night tops even the plaudits flowing from SpaceXâs successful IPO (read down for more on that subject.) Still, SpaceX was quickly supplanted in the business limelight by the latest Anthropic-government drama, this time over the AI firmâs recently released Fable 5 model.... Read more âș
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Tencent Holdings has backed a new AI lab founded by Junyang Lin, former lead researcher of Alibaba Groupâs Qwen models, according to two people with knowledge of the investment. Tencent invested $20 million in Linâs first funding round that raised several hundred million dollars at a post-money ... Read more âș
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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 Woodâs ARK Invest, early CoreWeave backer Magnetar, and existing investors Founders Fund and Flume Ventures also participated. ... Read more âș
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The Murdoch familyâs 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 âș
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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 didnât spell out Broadcomâs role, the companyâwhich works... Read more âș
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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 Finâs last valuation of $2 billion set at a ... Read more âș
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Anthropic canât 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 âș
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As AI developers and cloud providers have launched server chips to lessen their dependence on Nvidiaâs, some analysts and executives at these firms expected the chips to eat into Nvidiaâs market share.That doesnât 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 Informationâs estimates based on... Read more âș
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20.06.2026 19:59
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