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612 Walmart Reports 27% E-Commerce Revenue Growth

The Information
Theo Wayt @ The Information · today 17:28 EDT

Walmart’s e-commerce business grew 27% in the third quarter, the company reported Tuesday. The retailer also raised its full-year revenue guidance, indicating optimism about holiday sales. On a call with analysts, Walmart chief financial officer John Rainey said e-commerce sales accounted for ...

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Juli Clover @ MacRumors 1 place · today 19:08 EDT

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Anna Washenko @ Engadget 1 place · today 18:08 EDT

Sony will trial cloud streaming for the PS5 Portal

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MacRumors
Juli Clover @ MacRumors 2 place · today 18:12 EDT

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The Information
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The Information
Steve LeVine @ The Information 1 place · 11/15/2024 12:00 EDT

The other evening, a stranger told Lucid Motors CEO Peter Rawlinson that if he ever came across an electric vehicle that would go 500 miles on a charge, he’d buy it. “And I said, ‘That’s Lucid Air!’” Rawlinson recalls, referring to his company’s sleek sedan. “He said, ‘What? How long has that been in production?’ I said, ‘Two and a half years.’” He paused. “The world doesn’t know that two... Read more

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Juro Osawa @ The Information 1 place · 11/16/2024 09:00 EDT

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The Information
Sri Muppidi @ The Information 1 place · 11/18/2024 09:30 EDT

In China, one of the biggest names in tech is Kai-Fu Lee, a Taiwan native and a bestselling author who used to head Google’s operations in the country. When Lee founded an artificial intelligence startup called 01.AI in Beijing in March last year, Chinese investors including Alibaba Group were so eager to back him that the startup became a unicorn just eight months later. But in the U.S., where Lee... Read more

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The Information
Stephanie Palazzolo @ The Information · 11/14/2024 14:58 EDT

Valuations of generative artificial intelligence startups appear to be coming down—slightly. The latest example is Synthesia, which helps companies create AI videos. It’s raising $150 million in funding at a valuation of $2.1 billion after the investment, double its valuation from 17 months ago, according to a person involved in the deal. While the valuation may seem high, it’s actually far lower than valuations many startups were getting earlier this... Read more

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The Information
Sylvia Varnham O'Regan @ The Information 2 place · 11/13/2024 12:22 EDT

Meta Platforms plans to introduce advertisements to its text app, Threads, early next year, hoping to cash in on the app’s rapid growth, according to three people with direct knowledge of the company’s plans. A team inside Instagram’s advertising division is leading the effort, which is still in the early stages, the people said. Threads is planning to kick off the effort by letting a small number of advertisers create... Read more

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The Information
Jon Victor @ The Information 1 place · 11/13/2024 12:31 EDT

Google has recently struggled to achieve performance gains in its Gemini conversational artificial intelligence at the same rate it did last year, prompting researchers to focus on other ways to eke out gains, according to an employee who has been involved in the effort. The situation appears similar to the slowdown in AI advances that rival OpenAI has experienced this year, which spurred the ChatGPT owner to use new techniques... Read more

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The Information
Nick Wingfield @ The Information 2 place · 11/15/2024 18:30 EDT

Any Friday night plans? A decent number of you will probably tune into tonight’s boxing match on Netflix between Mike Tyson and Jake Paul because you’re curious whether the great heavyweight of the 1980s can, at the age of 58, beat the 27-year-old influencer turned pugilist. Another group of you may watch more because you’re curious how Netflix is going to present the event to its nearly 300 million subscribers—and... Read more

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The Information
Rocket Drew @ The Information · 11/12/2024 21:34 EDT

Vision Fund Co-CEO Rajeev Misra to Step Down

Rajeev Misra will step down as co-CEO of Japanese investment company SoftBank’s Vision Fund, the company announced on a call with investors Tuesday. Upon Misra’s departure, co-CEO Alex Clavel will become sole CEO of the giant startup fund. Misra helped raise the $100 billion fund in 2017 from ... Read more

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