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Cameo authorized a $28 million round of funding last week that will drastically reduce its valuation, the company told shareholders, reflecting a big slowdown in the celebrity video shoutout app’s business.
The funding, led by existing investor Valor Equity Partners, would value the company at less than $100 million, measured after the investment, an investor said. That would represent at least a 90% drop from its previous value. Its $1 billion peak valuation dates back to a funding round in March 2021, af
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The Information
World’s first gigawatt-scale floating solar power system launches off China’s eastern coast. The 1,223-hectare installation has annual output of 1.78 billion kilowatt-hours. China has expanded its renewable energy portfolio with a pioneering floating solar power installation in the Yellow Sea. The one-gigawatt facility, activated by state-owned utility CHN Energy, transforms unoccupied ocean space into a... Read more » Read more ›
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Meta CEO Mark Zuckerberg reportedly met with Trump, who previously threatened to jail the Facebook founder. Read more ›
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While the iPhone 17 Pro and iPhone 17 Pro Max are not expected to launch for 10 more months, there are already plenty of rumors about the devices. Below, we recap key changes rumored for the iPhone 17 Pro models so far: Aluminum frame: iPhone 17 Pro models are rumored to have an aluminum frame, whereas the iPhone 15 Pro and iPhone 16 Pro models have a titanium frame, and... Read more ›
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No Man's Sky didn't get off to the smoothest of starts, but eight years after its controversial launch, Hello Games' exploratory space sim has reached a significant milestone, finally gaining enough favourable player reviews on Steam to shift its overall rating to "Very Positive". Read more Read more ›
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Mark Zuckerberg. | The Verge | Photo by Tom Williams via Getty Images Meta CEO Mark Zuckerberg met President-elect Donald Trump for dinner at Mar-a-Lago on Wednesday. “It’s an important time for the future of American Innovation,” Meta spokesperson Andy Stone said in a statement shared with The Verge. “Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his... Read more ›
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Some women are playing poker to help build their risk-taking and negotiating skills, which in turns helps them in their careers. Read more ›
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Amazon has developed new generative artificial intelligence that can process images and video in addition to text, according to a person with direct knowledge of the matter and two people who spoke with Amazon about its plans. The model could help customers search video archives for certain scenes, say a winning basketball shot, using simple text prompts. In developing the new model, Amazon is showing that it still hopes its... Read more ›
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Western officials believe that Moscow likely orchestrated the Baltic Sea incident as part of growing efforts to cripple key maritime infrastructure. Read more ›
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With Apple Intelligence, Apple is aiming to make Siri smarter than ever before. The personal assistant is going to be able to learn more about you, do more in apps, and hand over the reins to a smarter virtual assistant when needed. Some new Siri features are available now, while some won't be coming until 2025. This guide highlights everything that's new with Siri thanks to Apple Intelligence. Updated Siri... Read more ›
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"No condition or combination of conditions will reasonably assure the safety of the community," a judge wrote in denying bail. Read more ›
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Republicans and the banking industry have accused the CFPB of regulatory overreach because it doesn't follow the usual congressional budget process. Read more ›
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Traveling for the holidays doesn't have to mean leaving your favorite streaming channels at home. My go-to streaming stick gets a big discount for Black Friday. Read more ›
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On Thursday, tens of millions of Americans will partake in a national ritual many of us say we don’t especially enjoy or find meaning in. We will collectively eat more than 40 million turkeys — factory farmed and heavily engineered animals that bear scant resemblance to the wild birds that have been apocryphally written into […] Read more ›
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A U.S. federal appeals court ruled that sanctions against Tornado Cash, a crypto transaction anonymization service, must be abandoned, stating that its immutable smart contracts do not constitute "property" under U.S. law and that the Treasury overstepped its authority. The ruling is available here (PDF). CoinDesk reports: The decision answers a controversial privacy debate on whether the government -- via a sanctions list maintained by the U.S. Treasury Department --... Read more ›
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The Miss Universe first runner-up, Chidimma Adetshina, earned Nigeria's highest-ever placement. She shared her tumultuous pageant journey with BI. Read more ›
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Pickings may be slim in the City of 100 Lakes, but with Spectrum, Frontier and T-Mobile on the map, most households can find a reliable connection. Read more ›
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Mexico's President Claudia Sheinbaum Pardo said her country would go after the US with its own tariffs if Donald Trump pushed ahead with his. Read more ›
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The 110-year-old ship was brought to its resting place in Indonesia and turned into a hotel in 2019. Read more ›
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Get the latest beauty tech deals from across the web. Save on skincare tech, hair dryers, multi-stylers, and more during Black Friday. Read more ›
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A machine learning librarian scraped public posts and created a searchable AI training dataset, without consent of users. Read more ›
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The Information
Brightcove, which makes software to help companies create and make money from videos, agreed to be taken private by Italian mobile app operator Bending Spoons for $233 million in cash in a deal expected to close early next year, the companies announced on Monday. The purchase price Bending ... Read more ›
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Last year, the board of now-collapsed fintech startup Synapse Financial Technologies discussed whether to remove the company’s CEO, Sankaet Pathak. At the time, discrepancies in Synapse’s ledgers were piling up, which the board was aware of. Andreessen Horowitz General Partner Angela Strange argued in favor of keeping Pathak in the role based on the belief that founders were best placed to run their companies, according to a person close to... Read more ›
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Gavin Newsom, California’s Democratic governor, announced on Monday that he would reinstate a tax credit for electric vehicle purchases if the incoming Trump Administration removes federal EV tax credits. But the state may not extend the credits to Tesla because of the company’s large market ... Read more ›
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OpenAI is preparing to launch a frontal assault on Google. The ChatGPT owner recently considered developing a web browser that it would combine with its chatbot, and it has separately discussed or struck deals to power search features for travel, food, real estate and retail websites, according to people who have seen prototypes or designs of the products. OpenAI has spoken about the search product with website and app developers... Read more ›
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There’s a lot of excitement around artificial intelligence disrupting search. Consumers and businesses increasingly use AI tools in lieu of traditional search engines such as Google. OpenAI has added search features to ChatGPT, Meta Platforms is crawling and indexing the web for its Meta AI chatbot and the AI search startup Perplexity is nearing a $9 billion valuation. A host of other AI companies provide information about current events in... Read more ›
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If Taiwan Semiconductor Manufacturing Co. had its way, the chip manufacturing powerhouse would be a neutral party in the battle between the U.S. and China for technological supremacy—a semiconductor version of Switzerland, one TSMC executive told The Information. Unfortunately, the company may find it increasingly tough to avoid picking a side. Last month, the U.S. Commerce Department launched an investigation into whether TSMC was still producing chips for Chinese tech... Read more ›
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OpenAI has discussed powering artificial intelligence in Samsung devices, similar to a deal the AI developer has with Apple, The Information reported. The discussions are part of a multipronged attack by OpenAI on Google, which is Samsung’s most important partner in using the Android ... Read more ›
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Last week, YouTube began introducing jewels, virtual tips that fans can buy to send creators during livestreams. YouTubers can exchange these tips for cash, a penny per jewel. The Google-owned video site is the latest to get into live tipping, which has been popular for years on Twitch. As the chart below shows, most major social apps are now offering digital tips for live streamers which generally cost about a... Read more ›
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Amazon on Thursday added a temporary 50% discount to all orders made through its new Temu competitor, Amazon Haul. The aggressive discounting coincides with the holiday shopping season and comes one week after Amazon launched Haul, which features a Temu-like assortment of cheap products like $3 ... Read more ›
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Uber announced a new service on Tuesday to help companies label their data and train artificial intelligence models. Through the new service, Scaled Solutions, Uber will hire data labelers on contract to provide companies with human-written annotations, such as descriptions of images or rankings ... Read more ›
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Most popular sources
Business Insider
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26% 1 |
Tech Wire Asia
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15% 10 |
CNET
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6% 3 |
The Verge
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6% 2 |
Eurogamer.net
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6% 1 |
| View sources » | |
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27.11.2024 22:50
Last update: 22:40 EDT.
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