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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TikTok CEO Shou Chew has been in touch with Elon Musk, asking his opinions on the incoming Trump administration and tech policy, according to a Wall Street Journal report on Saturday. The report shows how TikTok management are extending efforts to avoid a ban by getting close to people around ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Teens confront a new age of facial tech • Media: The young, male digital stars using YouTube to take over podcasts• The Top 5: Best AI books of 2024• Plus: Free Adnan! Free Keiko!; revisiting Walter Isaacson’s Elon Musk tome; and a TV triumph about the Troubles.A few times a year, the big auction houses like Christie’s and Sotheby’s hold megasales, and... Read more ›
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Sex traffickers have been found forcing women to perform sex acts for streaming on Only Fans, according to a report on Reuters.  The report said it had identified 11 cases of women who reported such episodes, either to authorities or in lawsuits. Reuters cited an activist with a sex ... Read more ›
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Ray Kurzweil’s predictions about technological advancements have intrigued—and unnerved—people for decades. At 76, he’s still quite up to the task and threw out a whopper within minutes of sitting down with me. “When we achieve AGI in the 2030s, we’re going to actually merge this intelligence with ourselves,” Kurzweil said, with utter straightforwardness. (AGI, of course, is the technical term for AI that has achieved human-level intelligence.) “It will actually... Read more ›
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About a year ago, Sean Kelly, then 26, decided to launch yet another business. Previously, he’d fooled around running a small drop-shipping company as a Rutgers University undergrad. Later he sold face masks and other personal protective equipment during the pandemic’s early days. Neither enterprise had really gone anywhere, and so after years of bingeing “The Joe Rogan Experience,” he settled on his next venture: his own podcast. He billed... Read more ›
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Nvidia CEO Jensen Huang on Saturday said that the company will balance compliance with technological advancement and customer service under the incoming Trump administration. “The advancement of AI is global. Open science and open research of AI is global, and nothing can stop this,” Huang told ... Read more ›
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In Thursday’s Briefing newsletter, my colleague Cory Weinberg reported that bankers at Goldman Sachs’ private tech gathering this week had asked, “For big tech, is capex the new M&A?” as part of a slide presentation on the market. We got the answer today—yes, it is—when Amazon announced it was investing $4 billion more into Anthropic, the artificial intelligence startup that appears to be OpenAI’s closest rival. (The Information’s Anissa Gardizy... Read more ›
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Voltron Data, a 3-year-old startup backed by investors including Walden Catalyst, GV and Coatue, has switched CEOs and laid off around half its staff of 120 employees after struggling to meet its revenue target, according to two people with direct knowledge of the matter. In an all-hands meeting ... Read more ›
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Employees at a Whole Foods Market store on Friday filed a request for a union election, the first such organizing effort at the grocery chain since it was acquired by Amazon in 2017. The proposed union would cover 300 employees at a store in Philadelphia who would join a local unit of the United ... Read more ›
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The consumer holding company Helen of Troy announced Thursday it would acquire nail care brand Olive & June, a notable deal as M&A activity for beauty startups remains slow. Helen of Troy will pay $225 million in cash for the brand, as well as a future $15 million earnout depending on ... Read more ›
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Most founders stay silent about their failures. Instead, Adrian Aoun, who just shut down his health care company Forward after raising nearly half a billion dollars, accepted our invitation to come on the pod. I really enjoyed our conversation, which holds a lot of lessons for founders. And I couldn't help get some sharp questions in myself. Hope you enjoy! Apple Spotify YouTube Read more ›
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Two startups that compete with major cloud providers by renting out servers with chips made by Nvidia are seeking fresh financing, underscoring the capital demands and investor interest for artificial intelligence companies continues. Together AI, a two year-old startup that rents out such ... Read more ›
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In September, Instagram unveiled a splashy new feature called Teen Accounts, an effort by Meta Platforms, the app’s owner, to show it’s better protecting young people with stricter privacy and safety settings. Suddenly, everyone on the app who had registered their age as 17 years or younger found themselves with an Instagram teen account, which is set to private by default and has stricter content and messaging restrictions. As teens... Read more ›
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Amazon is investing another $4 billion into Anthropic, bringing the total it’s invested in the artificial intelligence startup to $8 billion, the companies said Friday. Anthropic has also agreed to use Amazon chips to train its AI. Amazon will become Anthropic’s “primary training partner,” ... Read more ›
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For several years, a favorite tactic of progressives agitating against social media and conservative news outlets has been pressuring marketers to pull their ads. Advertisers have frequently gone along with those campaigns, fearful of the negative publicity associated with their ads appearing on controversial sites. That’s starting to change. Marketers have begun to distance themselves from industrywide efforts to guard against worrisome content. Some are even reducing spending on brand... Read more ›
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LinkedIn laid off 202 employees in the last two weeks, representing roughly 1% of the company’s 18,000 employees, LinkedIn spokesperson Greg Snapper confirmed. The job cuts occurred in engineering and customer support. “We’re making changes within teams at LinkedIn to align our ... 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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Goldman Sachs’ annual private tech conference this week was, from one angle, a study in East Coast realism versus West Coast optimism. Spreadsheets versus innovation. Bankers’ slacks versus Palmer Luckey’s shorts. One of the most high-profile founders on stage, Perplexity’s Aravind Srinivas, cited the satirical TV show “Silicon Valley” as an inspiration during his start in the tech industry. A big Chicago-based fund manager, minutes later, openly fretted about whether... Read more ›
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We’ve spent more than a year covering back-to-back financings of artificial intelligence startups. There’s no sign that trend is letting up, at least for startups that compete with major cloud providers by renting out servers with chips made by Nvidia, whose quarterly earnings report this week showed the AI party is still going strong.Together AI, a two year-old startup that rents out such servers and provides software to train and... 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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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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Two Republican senators are putting together a new bill that would require app stores to bear the burden of determining how old app users are, the Washington Post reported. The bill would be a win for Meta Platforms, which has repeatedly argued that the responsibility for age verification should ... Read more ›
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Susquehanna Nuclear, the Pennsylvania-based company involved in a deal to sell power to Amazon Web Services data centers, asked the Federal Energy Regulatory Commission on Thursday to reconsider its recent decision to reject the deal. AWS planned to buy up to 1 gigawatt of power from Susquehanna ... Read more ›
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As Republicans sweeping to power in Washington call for bringing the great tech powers to heel, one of those big companies has mostly escaped their wrath: Microsoft. Brad Smith, the company’s president and main liaison to Washington, is trying to keep it that way. In the months before Donald Trump’s reelection, Microsoft staffers were in steady contact with his campaign and the Republican National Committee, providing tech support for the... 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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The Consumer Financial Protection Bureau will launch more investigations into big payments fintechs including Apple Pay, PayPal and Cash App, after finalizing a new rule aimed at protecting customers from fraud, data sharing and debanking. The CFPB new rule will allow it a greater focus on ... Read more ›
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PDD Holdings said its revenue grew 44% year-on-year to $14.16 billion in the September quarter, a sharp slowdown from an 86% increase the same period a year earlier. The China-founded Temu parent company cited “intensified competition and ongoing external challenges” as a reason for the slowing ... Read more ›
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Most popular sources
Business Insider
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27% 12 |
Financial Times
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14% 14 |
The Verge
|
13% 9 |
Tom's Hardware
|
5% 1 |
CNET
|
5% 3 |
| View sources » | |
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23.11.2024 15:59
Last update: 15:40 EDT.
News rating updated: 22:51.
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