Taiwan Semiconductor Manufacturing Company on Thursday expects revenue to grow by more than 30% this year, raising its outlook from the forecast it gave in January, as demand for AI chips continues to surge and outruns supply. TSMC, which manufactures the majority of the world’s most advanced ... Read more ›
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Taiwan Semiconductor Manufacturing Company on Thursday expects revenue to grow by more than 30% this year, raising its outlook from the forecast it gave in January, as demand for AI chips continues to surge and outruns supply. TSMC, which manufactures the majority of the world’s most advanced ... Read more ›
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AI really is transforming the world! The latest example: Dying shoemaker Allbirds is turning itself into an AI chip firm called NewBird AI. Its stock rocketed 600% in response. But before we dig into that bizarre story, we should highlight what may be today’s more meaningful news: Anthropic executive Mike Krieger’s departure from the board of Figma.This might be what you’d call Figma’s Apple moment. For young folks, we’re talking... Read more ›
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OpenAI has told some advertisers that it will allow them to run ChatGPT ad campaigns that charge advertisers based on the number of clicks their ads get within the coming days, The Information reported Wednesday. The company would offer that new pricing model alongside its existing ads that ... Read more ›
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Venture firm Accel said Wednesday it had raised $5 billion in new funds for late stage investing. The new money will give it more firepower to invest in AI startups and double down on companies it has already backed. “AI has collapsed the distance between having an idea and scaling it, ... Read more ›
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Billionaire crypto entrepreneur Justin Sun, a prominent investor in crypto projects launched by President Donald Trump and his family, on Wednesday labelled a proposal by one of those projects–that would lock up trading of a key token owned by investors–a “scam.” World Liberty Financial, a ... Read more ›
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Apple is sending a portion of its Siri programmers back to coding school just two months before the company is expected to unveil a major, AI-powered revamp of the voice assistant, people familiar with the team said. The company plans to send a significant chunk of people working on Siri—a group that totals in the hundreds—to a multi-week bootcamp to learn to code using AI, according to the people. The... Read more ›
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Shoppers using AI are seeking refunds and disputing credit card charges at an elevated rate, highlighting the financial risks of AI-powered shopping, according to Carlo Bruno, vice president of product at payments firm Adyen. Companies must figure out how to handle that risk before AI can reliably tackle online purchases, Bruno said. The technology hasn’t had a “big bang” moment yet, Bruno said. “Everyone is thinking of agentic commerce as... Read more ›
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Meta Platforms is reorganizing its hardware division, Reality Labs, in a bid to “adapt and execute faster.” In a memo distributed to employees on Tuesday and seen by The Information, Maher Saba, who leads the company’s newly formed Applied AI Engineering division, outlined a shake-up of Reality ... Read more ›
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Please join The Information at the New York Stock Exchange on Monday, April 27, for our “Financing the AI Revolution” forum. Hear from top executives and investors on how the rapid build-out of AI is reshaping tech, finance and capital markets. Learn more here.SpaceX’s financial challenges have become clearer in the past week, thanks to new reporting from my colleague Cory Weinberg. Last week, he broke news on SpaceX’s nearly... Read more ›
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China’s AI startup founders are jittery. The Chinese government’s investigation of Manus’ sale to Meta Platforms has cast a shadow over a popular exit path for startup founders. And it has caused some startups to consider moving out of China or to shift some operations to Singapore.While some AI startups are happy to stay in China, relying on venture capital funding from China and Asia, those with ambitions to sell... Read more ›
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Shoe maker Allbirds is pivoting—into AI chips. Weeks after announcing plans to sell its shoemaking assets to a fashion brand firm American Exchange Group for $39 million, Allbirds said it wants to turn itself into an AI chip-service firm—buying and renting out the valuable AI hardware. To ... Read more ›
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OpenAI plans to start pricing some ChatGPT ads based on whether people click on the ads rather than just how many people see them, an agency executive who spoke with OpenAI employees and works with ChatGPT advertisers said. At the same time, OpenAI has also indicated it plans to introduce ads aimed at getting people to take a specific action, like making a purchase or downloading an app, the agency... Read more ›
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Mike Krieger, an Instagram cofounder who previously was Anthropic’s Chief Product Officer and now leads the company’s “Labs” team, stepped down from Figma’s board of directors on Tuesday, according to a filing. The move came shortly after The Information broke the news that Anthropic is working ... Read more ›
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Snap said it was laying off about 16% of its workforce, or about 1,000 people, in an effort to reduce its cost base by $500 million and “establish a clearer path to net income profitability,” CEO Evan Spiegel said in a blog post. He added that advances in AI “enable our teams to reduce ... Read more ›
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ByteDance’s cloud computing unit has made the company’s Seedance 2.0 AI video generation model available globally to enterprise customers in more than 100 countries and regions around the world—but the U.S. is not among them. It is unclear whether the cloud unit, BytePlus, has any plans to offer ... Read more ›
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Salesforce has launched a tool that lets its customers connect other companies’ AI agents with their Salesforce data, an executive said on LinkedIn. The tool, known as a hosted Model Context Protocol server, shows how Salesforce is finding a way to generate revenue from customers using outside ... Read more ›
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Anthropic said Tuesday that the CEO of pharmaceutical company Vas Narasimhan is joining its board, highlighting Anthropic’s increased focus on healthcare and life sciences. The Claude chatbot maker acquired biotech startup Coefficient Bio for roughly $400 million earlier this month. It has also ... Read more ›
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Every now and then we get a reminder that big tech’s pockets are as deep as the Mariana Trench. Amazon’s purchase of satellite firm Globalstar offers one of those reminders. Despite spending $200 billion this year on capital expenditures for its AI expansion and committing $50 billion on an OpenAI investment, Amazon can still find a few loose coins in the couch to buy Globalstar. Amazon is paying about $4.6... Read more ›
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When Unilever last week announced its $1.2 billion acquisition of Grüns, a three-year-old brand of gummy vitamins, I had a flashback to a decade ago when Unilever bought Dollar Shave Club for almost the same price. That earlier deal marked the heyday of venture-backed consumer exits, which have been few and far between more recently. The Grüns sale is the latest sign that consumer investing is experiencing a revival. At... Read more ›
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06.05.2026 04:52
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