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935 Super Micro Shares Plunge After Auditor Resigns

The Information
Rocket Drew @ The Information · 10/30/2024 16:59 EDT

Super Micro shares fell 33% to just over $33 after the company, which makes servers for data centers, said accounting firm Ernst & Young had resigned as its auditor over concerns about its accounting practices. Demand for the Nvidia artificial intelligence chips that power Super Micro’s ...

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Theron Mohamed @ Business Insider 1 place · 11/23/2024 05:07 EDT

Cher came back from owing $270,000 in back taxes, only to wind up broke again. 6 points about money from her new memoir.

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Comcast plans to spin off most of NBCUniversal’s cable TV networks including MSNBC, CNBC, USA and Oxygen, according to a person with knowledge of the matter. The decision, which comes a month after company executives first floated the idea to investors and analysts, could pave the way for more ... 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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The Information
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To call the last two years “tepid” for tech initial public offerings would be an understatement. In the wake of a record-smashing high in 2021, IPO deal proceeds plummeted 94% in 2022 and have been slow to recover. But 2025 could be looking up, with some big names likely to hit exchanges. At a recent event about artificial intelligence’s impact on the IPO market, Anita Ramaswamy, The Information’s financial analysis... Read more

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The Information
Stephanie Palazzolo @ The Information 2 place · 11/19/2024 10:00 EDT

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The Startup Powering Perplexity, Meta's AI Search

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Amir Efrati @ The Information 2 place · 11/21/2024 20:16 EDT

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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Rocket Drew @ The Information 3 place · 11/21/2024 17:52 EDT

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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Theo Wayt @ The Information 3 place · 11/21/2024 11:13 EDT

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