You can count the number of breakout consumer AI applications on the fingers of one hand. There’s OpenAI’s ChatGPT and…that’s about it, at least so far. Suno, which helps people create music using conversational prompts, isn’t yet a breakout—but it could be soon. The company is generating around $150 million in annual recurring revenue from subscriptions to its app, up nearly four times from a year ago, according to a... Read more ›
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HongShan, the Chinese venture capital giant formerly known as Sequoia Capital China, is leading the funding round in artificial intelligence agent Genspark that will value the startup at more than $1 billion, according to two people with knowledge of the deal. Genspark has secured commitments ... Read more ›
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Amazon launched a new artificial intelligence-powered product recommendation feature Thursday, the e-commerce giant’s latest move to incorporate more AI features into both its consumer-facing shopping experience as well as the systems that power its search and recommendation features. The new ... Read more ›
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A few years ago, Elon Musk pitched Apple unsuccessfully on the idea of his company, SpaceX, providing satellite connectivity to iPhones. There are tantalizing hints that such a deal could be back on the table. In recent months, in anticipation of a possible future arrangement with Apple, SpaceX has added support in its new satellite designs for the same radio spectrum Apple uses for the iPhone’s current satellite features, which... Read more ›
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TikTok is implementing drastic leadership changes that pull the video app closer to the orbit of its parent ByteDance, just as Washington and Beijing are on the cusp of reaching a deal over the app’s future in the U.S. TikTok’s global content and distribution partnership teams, both led by Western executives, will be moved under Fiona Zhi, a Bytedance veteran who has been TikTok’s product chief since 2023, according to... Read more ›
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The Trump administration is in talks to take equity stakes in quantum computing companies in exchange for federal funding for those firms, The Wall Street Journal reported. The Commerce Department is discussing such arrangements with several quantum computing firms, including IonQ, Rigatti ... Read more ›
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Andreessen Horowitz is raising $10 billion for several funds that would give it more firepower to make investments in artificial intelligence startups and increase its stakes in startups it’s previously backed, the Financial Times reported. The firm, which has been one of the most active ... Read more ›
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As a car manufacturer, Tesla’s latest financial results released Wednesday were a definite (if expected) improvement on the first half of the year. Instead of auto sales falling 16%, as they did in the second quarter, they rose 6%. And thanks to even stronger growth in battery sales and services, Tesla’s total revenue grew 12% year over year to $28.1 billion. That would be impressive, except much of the car... Read more ›
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Alt5 Sigma, a Nasdaq-listed company amassing a digital store of a cryptocurrency backed by the Trump family, said on Wednesday it suspended its CEO with immediate effect. The move represents further turbulence for the company that in August struck a deal to raise $1.5 billion to buy tokens ... Read more ›
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Adobe in recent months held talks with Synthesia, a London-based maker of artificial intelligence software that generates video avatars of people, to buy the startup for about $3 billion, a premium from the startup’s $2.1 billion valuation in a January financing, according to a person with knowledge of the discussions. Synthesia and Adobe walked away without reaching a deal after disagreeing about the price, this person and two others said.... Read more ›
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Venture capitalist Vinod Khosla predicted that 2% to 3% of AI startups will account for 85% to 90% of the valuation of companies by 2035. In an interview on The Information’s TITV, Khosla also said that venture capital firms which don’t have early access to those companies but buy in later ... Read more ›
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Tesla’s net income fell 37% year-over-year to $1.4 billion in the third quarter, the company said Wednesday, attributing the decline to factors including tariffs and increased research and development spending. Meanwhile, revenue grew 12% year-over-year to $28.1 billion due in part to a surge in ... Read more ›
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The UK Competition and Markets Authority said on Wednesday that Google and Apple had “strategic market status” for their dominance over the mobile phone markets, opening the two tech companies up to stricter regulation. The CMA said in a statement that both platforms have “substantial, ... Read more ›
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Reddit is suing AI search startup Perplexity and a group of firms that scrape data from the social media firm’s chat forums for copyright infringement. The lawsuit follows a cease and desist letter Reddit sent Perplexity barring the startup from scraping its site. Reddit is accusing four data ... Read more ›
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Meta Platforms is cutting about 600 employees from its artificial intelligence organization, Meta Superintelligence Labs, a spokesperson said. The layoffs come after the unit, which had about 3,400 employees as of this summer, restructured itself in August. The cuts will affect the organization’ ... Read more ›
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Much of the rhetoric around commerce and AI imagines a revolution in how we find and buy things. OpenAI joined the discourse when it announced that you can buy directly through ChatGPT via partnerships with Walmart, Shopify and Etsy—all powered by Stripe. They’re not alone. AI answer engine Perplexity launched one-click checkout with PayPal in 2024, AI fashion agent Daydream is turning conversations into personal styling sessions, and AI browser... Read more ›
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Influencer marketing startup ShopMy said Wednesday that it raised $70 million in new funding from investors including growth equity investment firm Avenir, Bain Capital Ventures, Bessemer Venture Partners and Menlo Ventures. The new funding brings the company’s valuation to $1.5 billion. The ... Read more ›
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Before we get to today’s column, we’d be remiss not to mention OpenAI’s release on Tuesday of its new web browser, news of which we first scooped almost a year ago. The new browser, ChatGPT Atlas, is yet another example of OpenAI expanding its reach into consumers’ online lives, just as other tech incumbents such as Google and Apple have done. Among Atlas’s features: the ability to remember users’ browsing... Read more ›
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As TikTok readies itself for the expected sale of its U.S. business to a new venture controlled by American investors, the company is trying to boost its commerce business, TikTok Shop. But the measures it has taken risk alienating merchants who sell on the shopping service. TikTok Shop in recent weeks has begun pushing sellers to switch to a new ad-buying tool that promotes videos linking only to TikTok Shop,... Read more ›
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Amazon Web Services is releasing a new product aimed at making it easier for advertising technology companies to use cloud technology and integrate with one another. That’s notable because many advertising technology companies have not yet migrated to the cloud, said AWS global head of ad tech ... Read more ›
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09.05.2026 17:24
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