Shares of database provider Snowflake jumped more than 19% in the wake of its report after dropping less than 1% in regular trading. Investors seemed to be encouraged that the company sailed well past its earlier quarterly product revenue projections and raised its full-year ... Read more ›
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Welcome to your Weekend!The internet kicked up a fuss this week when it discovered a surprising thing about Google Gemini, the company’s generative artificial intelligence tool. While you couldn’t prompt it to, say, provide an image of a white pope, it did respond to a request asking for a Black pope. It also seemed to have a habit of placing nonwhite characters in settings that may present historical inaccuracies. In... Read more ›
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Anyone uninitiated in the glories and ignominies of Silicon Valley will delight in “Burn Book: A Tech Love Story,” Kara Swisher’s memoir-cum-history of Silicon Valley’s internet era. It presents a thorough accounting of the people, companies and trends within technology from the 1990s onward, told through the bombastic, breezy prism of a narrative of Swisher’s life. For that same reason, it will delight anyone who has only recently discovered Swisher’s... Read more ›
0
During the past week, J.T. Rogers, Tony-winning playwright, was intently trying to straighten out the remaining kinks in “Corruption,” his new production about the News Corp phone-hacking scandal of a decade ago, through daytime rehearsals and nightly preview performances at New York’s Lincoln Center. He still wanted to perfect how the characters’ tweets would appear onstage, and he also worked on a scene involving U.K. parliamentary mechanics with lead star... Read more ›
0
Swedish battery manufacturer Northvolt fired the senior leaders of its California-based lithium metal battery subsidiary, Cuberg, a Northvolt spokesperson confirmed on Friday. Those let go included Cuberg’s founder and CEO, Richard Wang, who sold the startup to Northvolt in 2021 as a spinout from Stanford University. The others let go were chief operating officer Reza Nikfar and chief strategy officer Michael Bartholomeusz. The spokesperson declined to say why they were... Read more ›
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Question: Is what’s good for Nvidia also good for America? That old line, originally referring to General Motors, came to mind after the stock market rallied to new records on Thursday—attributed by pundits to investor enthusiasm about Nvidia’s robust earnings. Stock of the AI chipmaker rocketed 17% on Thursday and Friday, lifting its market value briefly above $2 trillion on Friday and confirming its week-old status as the third most... Read more ›
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A number of U.S. lawmakers are pushing for a ban on imports of goods sold on Temu, the fast-growing shopping site known for selling bargain products shipped from China, saying it hasn’t done enough to prevent its suppliers from using forced labor, two people with knowledge of the conversations said. In recent weeks, China critics including Rep. Blaine Luetkemeyer have been asking agencies including the Department of Homeland Security to... Read more ›
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This week, the drama that has been brewing across the tech industry entered another gear. Top of mind: Reddit, OpenAI and investors that don't see eye to eye with CEOs. Hope you enjoy! Apple Spotify YouTube Read more ›
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We’re deep into an era-defining boom in artificial intelligence, and with so much attention falling on the money and mania generated by this fast-evolving technology, it’s worth stepping back to ask: How do people really use it? And moreover, what are the people at the epicenter of this surge using AI to do? They use it for quite a lot of different things: as on-demand tutors for their children, home... Read more ›
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New CEOs love turning to familiar faces. It’s an age-old habit that is well represented across the nearly 60 Org Charts we’ve now published for Pro subscribers.Take ServiceNow, whose Org Chart we published Wednesday. Bill McDermott joined the IT giant as CEO in 2019 after a nearly 10-year stint as SAP’s chief executive. The following year, McDermott tapped Nick Tzitzon, an SAP executive vice president, to be ServiceNow’s chief strategy... Read more ›
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TikTok has hit a snag in its efforts to bring employees back to its New York City office: bed bugs. The discovery of a bed bug in the office last December, where hundreds of employees are based, has sparked a frenzy among workers fretting about the risks of transmitting bed bugs to roommates and pets, not to mention creators and other business partners. Employees this week asked for the office... Read more ›
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When Nvidia CEO Jensen Huang told investors on Wednesday that the chipmaker’s supply of specialized semiconductors vital for artificial intelligence was “improving,” he confirmed what many AI software developers already knew: The yearlong chip crunch is easing. More than half a dozen companies that use AI chips say it’s become easier to rent Nvidia’s most advanced chip, known as the H100, from cloud providers. That’s a change from last year,... Read more ›
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Ah, how things look so fresh and clean for social media executives before they have to roll around in the mud of the public markets. Reddit dropped its IPO prospectus Thursday, laying out what we already reported: decent sales growth (21%) and narrowing losses in 2023, with still a solid cash burn ($84 million last year). It also showed Reddit’s hopes and dreams, in the form of a $193 million... Read more ›
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Former parenting vlogger Ruby Franke was sentenced this week and could face decades behind bars after pleading guilty to aggravated child abuse. Before her arrest, Franke posted videos on YouTube promoting a severe style of parenting her six children, including depriving them of food and banning her son from his room so he was forced to sleep on a bean bag for months. The case raises difficult questions about what... Read more ›
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Mentally, I’ve been in Sweden this week—though the quote that best sums up our recent reporting hails from the gritty Baltimore streets of “The Wire.”Myself and my colleagues Maria and Cory have been grappling with a strange and rare attempted board coup at Klarna, the Stockholm-based “buy now, pay later” company. Rarely are such disputes made public, and it’s certainly strange that Sequoia Capital’s chief, Roelof Botha, and the broader... Read more ›
24
Board members at the struggling local networking site have been debating the company’s future, including whether to bring in a new CEO or to find a buyer, a person familiar with the matter said. Investment firm Qatalyst has approached companies about their interest, said two people familiar with the matter. The company, which went public in late 2021, has struggled with anemic growth in the past year and a steady... Read more ›
9
JPMorgan Chase has called its former global chief compliance officer out of retirement to help the bank assert its rights as a major shareholder in Greek payments fintech Viva Wallet, after disagreements between the two firms culminated in dueling lawsuits. Frank Pearn, who retired as JPMorgan’s top financial and legal risk manager a year ago, joined the Viva Wallet board this week as a nonexecutive director, according to regulatory filings.... Read more ›
7
People close to Klarna founder Sebastian Siemiatkowski say he keeps a very tight inner circle. One of the people he trusts the most is Michael Moritz. So when big Klarna investor Sequoia Capital sought to oust Moritz—Klarna’s chair, who was a longtime leader of the venture capital firm before leaving last year—Siemiatkowski went into defense mode. Moritz had clashed with Matthew Miller, a 12-year Sequoia veteran who had just joined... Read more ›
41
There’s a lot of buzz about “AI hardware” and “gadgets.” I want to discard these terms. They’re misleading. What you call gadgets or hardware, I see as facilitators of a new era in which low-latency voice becomes the primary way users interact with smart AI: These devices are support infrastructure. This isn’t just about devices; it’s about a fundamental shift in human-computer interaction. Artificial intelligence will spur two fundamental changes... Read more ›
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Google’s artificial intelligence group is having a moment.After getting its flagship Gemini large language model off the ground and roughly on par with OpenAI, Google on Wednesday appeared to take a sudden lead in a parallel race to develop open-source LLMs, which Meta Platforms has been dominating. In the process, Google also gave a shot in the arm to a branch of AI model science that’s been bubbling for the... Read more ›
17
Last year was a tough one for venture-backed logistics firms, with a drop in demand for moving goods cratering Flexport’s revenue and forcing Convoy to shutter entirely. But ShipBob, which has the backing of SoftBank and Bain Capital Ventures, may have bucked the trend. The company, which sells Amazon-like warehouse and shipping services to small online merchants, grew its revenue to roughly $500 million last year, said two people familiar... Read more ›
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Most popular sources
Business Insider
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23% 1 |
Tech Wire Asia
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22% 16 |
CNET
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8% 5 |
The Verge
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5% 4 |
Gizmodo
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5% 3 |
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28.11.2024 07:38
Last update: 07:31 EDT.
News rating updated: 14:32.
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