Google could face another trial over its antitrust practices in September, according to a proposal filed by both Google and the Department of Justice with a Virginia court on Thursday. A judge in that court had ruled earlier this month that Google was a monopoly in certain parts of its ... Read more ›
0
Temu and Shein have hiked at least some prices in the U.S. ahead of a planned Trump administration move to end a trade rule that has allowed e-commerce sites to ship orders into the country from China without paying tariffs. Both China-founded sites published nearly identical statements last ... Read more ›
2
Scale AI, the fast-growing data-labeling startup, missed its revenue and profit targets last year, but its investors are undeterred. The company is close to finalizing about a $150 million share sale, largely to existing investors, that values it at around $25 billion, up about 80% from a year ago. Scale AI told prospective investors early last year that it expected to cross $1 billion in revenue in 2024 as the... Read more ›
41
Apple plans to assemble all the iPhones sold in the U.S. from India as soon as next year, as U.S.-China trade tensions force the company to pivot away from China, the Financial Times reported on Friday, citing two people familiar with the matter. The shift aims to cushion the impact of increased ... Read more ›
0
China this week quietly dropped its retaliatory 125% tariffs on certain semiconductors imported from the U.S., signaling an effort to alleviate the impact of an ongoing trade conflict in the crucial sector, according to CNN’s interview with import agencies in the country. The exemptions— ... Read more ›
0
Benchmark, the U.S. venture capital firm known for early investments in Uber and Snap, has led a funding round for the Chinese startup that operates Manus, an artificial intelligence agent that went viral on social media last month, according to a person with knowledge of the deal. The deal ... Read more ›
0
In earnings season, which we’re in the midst of right now, no (bad) news is good news. Google delivered middling growth for the first quarter, with revenue rising 12%, in line with the fourth quarter, despite a noticeable slowdown in its cash machine of search and in YouTube ads. But despite the ever-present worries about President Donald Trump’s tariffs dampening the economy, Google Chief Business Officer Philipp Schindler said the... Read more ›
0
Meta Platforms has laid off more than 100 employees in its augmented and virtual reality unit Reality Labs, Bloomberg reported Thursday. The cuts affected those working in Oculus Studios, which develops apps and games for the company’s Quest headsets, and on hardware efforts. “Some teams within ... Read more ›
45
Intel shares dipped 7% in after-hours trading after Lip-Bu Tan, a former Intel board member who took over as CEO in March, said the chip firm expects revenue and gross margin to decline in its current quarter due to an “volatile and uncertain macroeconomic environment.” Tan, in a letter to ... Read more ›
7
The National Highway Traffic Safety Administration on Thursday announced it was exempting U.S. autonomous vehicle developers from federal safety standards, expanding an exemption that had previously only applied to foreign companies. The changes will likely encourage more testing of autonomous ... Read more ›
0
Apple plans to move its robotics effort from AI chief John Giannandrea’s organization to the company’s hardware division later this month, Bloomberg reported. Giannandrea lost responsibility over Siri last month, as part of Apple’s push to catch up to other companies in AI. Senior Vice President ... Read more ›
0
My colleagues and I are sharpening our questions for Monday’s Financing the AI Revolution summit at the New York Stock Exchange. It will be the perfect New York spring afternoon to pressure-test how investors and executives are adjusting to new realities in the business. More companies are slowing their spending on artificial intelligence tools, and big tech companies aren’t sure how their huge data center investments will pay off. But... Read more ›
0
The Federal Reserve Board announced on Thursday it has withdrawn its crypto guidance issued during the Biden administration, completing an industry-friendly pivot by all three federal banking regulators. The Fed will no longer require banks to receive signoff before engaging in crypto ... Read more ›
1
Hollywood filmmakers say it’s increasingly difficult to get funding to develop projects as studios and streaming companies rein in spending. Now two young companies are trying to finance those projects and help their makers use artificial intelligence in development. DreamFlare, an AI video startup, and The Unreasnble, an entertainment company, have partnered to finance more than $100,000 in new original videos and series. The creators range from traditional Hollywood directors... Read more ›
0
Jane Street, a Wall Street powerhouse, more than tripled its crypto trading in 2024 during the market rebound, boosted by bitcoin exchange-traded funds and the expected easing of crypto rules under President Donald Trump. The New York–based company purchased $110 billion worth of cryptocurrencies, including stablecoins, and sold $110 billion worth of cryptocurrencies last year, according to financial documents seen by The Information. In 2023, it bought $31 billion in... Read more ›
25
Alphabet’s revenue grew 12% year-over-year in the first quarter of 2025, equal to its growth in the previous quarter, as growth in Google’s Search and Cloud businesses slowed slightly from the fourth quarter. Revenue from Google’s Cloud unit grew 28% year-over-year to $12.3 billion, lower than ... Read more ›
0
Fast-growing fintech company Deel, frustrated it was falling behind serving crypto trading firms, teamed with a crypto compliance firm to catch up. That company, LiquiFi, was later accused of using stolen data to speed the project. LiquiFi was accused in a lawsuit launched by rival Toku late ... Read more ›
0
The $53.2 billion Harvard University endowment is working with Jefferies on a roughly $1 billion sale of private-equity fund stakes, Bloomberg reported. Universities are raising cash as the Trump administration pulls public funding and threatens to strip their tax-exempt status. Harvard sold ... Read more ›
0
AI startup Perplexity announced a partnership with Motorola to install Perplexity’s app on the electronics company’s phones, a move aimed at boosting Perplexity’s audience. The deal also gives new owners of Motorola phones three months of Perplexity’s Pro subscription free. In striking the deal, ... Read more ›
17
Tesla registrations fell 45% in the European Union in the first quarter compared to last year, according to the European Automobile Manufacturers’ Association. The slump came despite an uptick in overall electric vehicle adoption and a surge in hybrid vehicles which are now the dominant vehicle ... Read more ›
0
Most popular sources
Business Insider
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51% 0 |
Gizmodo
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8% 1 |
The Verge
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8% 6 |
Tom's Hardware
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7% 3 |
SlashGear
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3% 0 |
| View sources » | |
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12.05.2025 02:09
Last update: 01:20 EDT.
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