Things have never been better for Shopify. The e-commerce firm’s stock is trading near all-time highs. And a recent deal with OpenAI has put Shopify in a position to capitalize on AI-fueled shopping by easily allowing its merchants to sell products through ChatGPT. And yet Shopify is seeing the kind of executive turnover normally associated with companies that are struggling. Read more ›
71
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The Federal Reserve Board announced on Thursday it has withdrawn its crypto guidance issued during the Biden administration, completing an industry-friendly pivot by all three federal banking regulators.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
Snack brand Chomps, which makes meat sticks and other high-protein foods, announced a $100 million credit line from Wells Fargo Thursday. The new funding will help finance a manufacturing facility slated to open later this year, the company said. Chomps sales are growing quickly due to the ... Read more ›
0
When it comes to using artificial intelligence for customer support, businesses are learning that the technology isn’t something you set and forget. Instead, they need to keep an eye on how the AI is performing and make improvements even after it goes live.ClassPass, which operates a subscription platform for fitness classes, learned that lesson after its AI bots, released in January 2024, initially performed worse than human agents on customer... Read more ›
3
Comcast reported a 13% drop in net income and marginally lower revenue for the first quarter, as its cable TV and broadband businesses both suffered customer losses. Comcast’s NBCUniversal entertainment operations reported 0.8% higher revenue, although NBCU’s Peacock streaming service lifted ... Read more ›
0
A small Texas bank that’s a crucial cog in the global crypto market lost a key leader last week, potentially complicating its closely watched efforts to emerge from regulatory purgatory. United Texas Bank is tiny by all measures except in its role as one of the few U.S. banks willing to do business with crypto-friendly overseas banks. That role put it in the crosshairs of regulators and led to an... Read more ›
12
Before we get into Thursday’s column, be sure to read my colleague Sri’s story on OpenAI’s revenue forecasts. The projections go a long way in explaining why investors led by SoftBank think OpenAI is worth $260 billion. While subscriptions to OpenAI’s pioneering ChatGPT will continue to make up the majority of revenue for the next five years, sales from new and unreleased products—including AI agents and what it calls “free... Read more ›
1
For several years, Apple has been working hard to make more of its iPhones in India so it can reduce its dependence on China, where around 80% of its smartphones are currently made. The Chinese government and its tensions with India are getting in the way of that goal. Earlier this year, Chinese authorities refused to allow one of Apple’s Chinese equipment suppliers to export machinery to India that Apple... Read more ›
42
Volkswagen said that it will start supplying robotaxi rides for Uber in multiple U.S. cities starting in Los Angeles next year. The German car maker said it will use the autonomous, electric version of its 1960s-era microbus for the rides. Human operators will be in the cars during the initial ... Read more ›
0
Lyft will start offering taxi rides on its ride-hailing app in St. Louis, Mo. next month, according to the company. It will offer taxi rides to users who opt into the service and request a standard ride, priority pick up or ride that offers a discount on longer waits. Bloomberg first reported ... Read more ›
0
Most popular sources
Business Insider
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46% 26 |
Tom's Hardware
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19% 8 |
Mashable
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6% 1 |
Slashdot
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5% 3 |
CNET
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3% 4 |
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09.11.2025 13:03
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