Forward, a startup that raised $400 million to operate artificial intelligence-powered “doctor in a box” healthcare stations, is shutting down effective Tuesday, according to a person close to the company. All of its nearly 200 employees will lose their jobs, the person said. The San Francisco startup, started in 2017 by former Google employee Adrian Aoun, wanted to make healthcare visits more accessible with staffed clinics and automatic services. It... Read more ›
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Canada’s government has ordered TikTok to shut down its Canadian subsidiary, citing national security risks. Canada, however, is not banning the app itself. Canada’s move comes as TikTok, owned by Chinese tech giant ByteDance, continues to face scrutiny from Western governments and ... Read more ›
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OpenAI’s rapid growth continues to boost the prospects of suppliers and other business partners whose sales are also climbing quickly. Anysphere, which develops Cursor, an artificial intelligence coding assistant powered in part by OpenAI technology, has received investment offers from venture capitalists at a valuation of around $2.5 billion, up more than six times from its valuation in a deal roughly four months ago, according to two people with direct... Read more ›
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Elon Musk suggested to Donald Trump prior to the U.S. presidential election that he hire prominent SpaceX officials as high-ranking government employees, including at the Pentagon, The New York Times reported. Musk’s proposal is a sign of how the SpaceX founder and CEO could play a key role in ... Read more ›
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That’s what you call delight. Stocks rocketed—the tech-heavy Nasdaq rose 3%—as Wall Street applauded Donald Trump’s victory in Tuesday’s election. Most tech stocks rose in tandem—Tesla stock jumped 15%, reflecting the benefits CEO Elon Musk is expected to earn from his vocal support for Trump. Notably, one of the few tech stocks to lose ground was Meta Platforms, whose CEO, Mark Zuckerberg, is not exactly a Trump favorite. Apple was... Read more ›
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As the next president, Donald Trump will make his mark on several key issues for tech, from China trade to taxes to artificial intelligence. While much is uncertain, he is likely to promptly repeal the artificial intelligence executive order Biden signed last year. And he could also speed up construction of data centers by loosening regulations on electricity plant construction, said a policy expert. “You can invoke emergency powers and... Read more ›
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JPMorgan has rebranded its internal blockchain platform Onyx to Kinexys and renamed JPM Coin to Kinexys Digital Payments. The bank also said it plans to offer instant dollar-euro settlement via its blockchain, which it says will help customers speed transactions and reduce settlement risk. Banks ... Read more ›
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Arm Holdings’ revenue growth slowed to just 5% in the September quarter, from 39% in the previous quarter, as a decline in licensing revenue was offset by higher royalty revenue. Arm stock fell 4% in after-hours trading. Arm creates blueprints for central processing units, the brains of ... Read more ›
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A million years ago, and by that I mean January, I wrote about how both Democratic and Republican presidential campaigns were going to harness the energy of influencers this election. I may have actually underestimated just how much creators would play a role in the White House race, from podcasts to TikTok and super influencers like X-owner Elon Musk. But the campaigns diverged in how much they tapped creators for... Read more ›
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Lyft reported 32% higher revenue of $1.5 billion for the third quarter and slightly improved profits, the latest sign that the no. 2 ride hailing firm is on a stronger path under CEO David Risher who took over about 18 months ago. While the revenue growth was a slowdown from the second quarter, ... Read more ›
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Cryptocurrencies and related equities broadly rallied on Wednesday, after Donald Trump won the U.S. presidential election and Republicans took control of the Senate. Bitcoin hit all time high, jumping more than 8% to $75,450. Coinbase shares rose 33%, bringing the crypto exchange’s market ... Read more ›
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The first thing I saw on my phone this morning when I awoke at 5:45 a.m. was a push alert from The New York Times announcing that Donald Trump’s victory in the presidential race put the U.S. “on the edge of a more authoritarian style of governance never before seen in its history.” The language made my stomach sink. Not because the Times is wrong. One could argue that the... Read more ›
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Lyft has partnered with a self-driving car firm, May Mobility, to make self driving cars available for Lyft rides in Atlanta, starting next year, Lyft said. The announcement follows Uber’s partnership with Waymo, under which Waymo rides will be available through Uber in Austin and Atlanta ... Read more ›
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Donald Trump’s victory in Tuesday’s presidential election has a lot of implications for AI. Some are clear: Trump has said he will repeal President Joe Biden’s AI executive order, which requires companies training large AI models to share information about them with the federal government. In another key area, though, Trump’s stance isn’t certain. That’s the hotly contested question of whether freely available, open-source AI such as Meta Platforms’ Llama... Read more ›
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Investment bankers from top Wall Street firms including JPMorgan, Goldman Sachs and Morgan Stanley have been meeting with crypto executives, according to industry participants, hoping to get a foot in the door for lucrative initial public offerings that crypto companies might pursue after the election. The new enthusiasm reflects optimism that improving market and regulatory conditions after a Donald Trump victory in the U.S. presidential election could clear a way... Read more ›
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SuperMicro, which makes computer servers, had net sales for the quarter between $5.9 billion and $6.0 billion, up 178% from the same quarter last year, but below its previous guidance of $6.0 billion to $7.0 billion, according to preliminary earnings released on Tuesday. The company’s stock fell ... Read more ›
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You’re likely distracted right now by election results, which have surely started rolling in as you’re reading. Rather than add to all the premature speculation on the topic, we think creating an election-free zone would be more useful. Below we recommend some things you can do tonight other than watch the news channels.Before we get to that, consider this fascinating factoid: A 12% rally today lifted Reddit’s market capitalization to... Read more ›
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Conviction Partners’ Sarah Guo, a former general partner at Greylock Partners who left the firm two years ago to back very young AI startups, is raising around $200 million for her second fund, according to a person with direct knowledge on the fundraising efforts. Guo has also told prospective ... Read more ›
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Google accidentally publicized an internal preview of artificial intelligence that takes over a person’s computer to complete tasks, confirming an earlier report in The Information about the product, codenamed Jarvis. The prototype of the AI, known as a computer-using agent, was briefly ... Read more ›
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Silicon Valley venture capitalists are at odds over who they want to win this presidential race, but there is growing consensus on the need for the next president to replace Lina Khan as head of the Federal Trade Commission. Such a change, venture capitalists hope, could lead to more acquisitions and reinvigorate venture capital investments.“What is hurting the industry the most right now is lack of exits and lack of... Read more ›
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Institutional Venture Partners is in talks to lead a $500 million investment in Perplexity, which has developed an artificial intelligence-powered search engine that competes with Google, according to two people with knowledge of the deal. The company is set to raise the round at a $9 billion valuation, triple the valuation from a round earlier this year. The new round, which is close to being complete, would be Perplexity’s fourth... Read more ›
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Most popular sources
Business Insider
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30% 14 |
Financial Times
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16% 15 |
The Verge
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14% 9 |
Gizmodo
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8% 1 |
Tom's Hardware
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7% 2 |
| View sources » | |
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23.11.2024 21:31
Last update: 21:00 EDT.
News rating updated: 04:20.
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