We are wrapping up the first creator-centric U.S. presidential election, where both candidates tapped social media influencers and appeared on podcasts to reach younger voters. Those efforts have extended to the final 24-hour stretch of the campaign. On Monday, Kamala Harris’ campaign launched a public broadcast channel on Instagram called “CFK: The Final Push,” referring to the acronym for the campaign’s “Creators for Kamala” effort. It’s since sent a steady... Read more ›
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Donald Trump used to be TikTok’s biggest threat. But now, four years after he tried to ban the app, he may be TikTok’s last hope for survival. As Americans vote in Tuesday’s election, TikTok’s top executives believe the company would be better off with a Trump presidency than a Harris administration. Trump has come out in opposition to banning TikTok, which under a new law is required if the app... Read more ›
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Meta Platforms is becoming more discriminating in its spending for games and other apps for its Quest mixed reality headsets. Over the past year, as Meta has confronted weakening sales in the mixed reality market, its staffers have been rethinking the millions of dollars it spends on app development. In recent months, the company has closed one internal virtual reality studio and cut funding for some outside app developers, as... Read more ›
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Meta Platforms will allow U.S. government agencies and contractors working on defense and national security to use its artificial intelligence models for military purposes, it said in a blog post Tuesday. A spokesperson said the company will also make its models available for government agencies ... Read more ›
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OpenAI has hired Caitlin Kalinowski, who previously led hardware for augmented reality glasses at Meta Platforms, to lead robotics and consumer hardware, she said in a post on X Monday. A spokesperson for OpenAI confirmed her hire. Kalinowski said she will “initially focus on OpenAI’s robotics ... Read more ›
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Casper, the once-trendy mattress seller, has been acquired by foam manufacturer Carpenter Co., marking the brand’s latest change in ownership after a rocky initial public offering four years ago. Terms of the transaction, which Carpenter announced last week, weren’t disclosed. Casper began as a ... Read more ›
0
These days, venture capitalists, major artificial intelligence developers and cloud providers have zeroed in on AI-powered coding assistants as the killer product for large language models. But coding assistants aren’t perfect. It turns out that as they become ubiquitous, coding assistants are creating plenty of problems at companies that use them—mainly because junior programmers are relying too much on them.There’s no question coding assistants are playing a bigger role in... Read more ›
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Redditors may have their new favorite meme stock—Reddit. The social media platform’s report of a 68% jump in third-quarter revenue sent the stock soaring 40% to around $115 last week, more than triple the price at which it went public in March. Reddit is now trading at a huge premium to other social media stocks—11.2 times next year’s estimated sales, compared to 7.7 times for Meta Platforms and 3.6 times... Read more ›
0
Private equity firm Thoma Bravo and alternative asset manager H.I.G. Capital said Monday they plan to acquire the Computing Technology Industry Association, which trains and certifies professionals to work in information technology and advocates for tech workers. H.I.G. and Thoma Bravo plan to ... Read more ›
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Apple has invited select employees to join a focus group that will provide feedback about smart glasses currently on the market, Bloomberg reported. The move could be a sign that Apple is exploring the development of its own smart glasses, a product category that Snap and Meta have popularized ... Read more ›
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What’s the cheapest stock around right now? That has to be ByteDance, the privately owned Chinese tech giant that owns TikTok. As we reported today, ByteDance lifted its first-half revenue about 35% to $73 billion, which means it is now about as big as Facebook owner Meta Platforms but growing faster. In the first half, Meta’s revenue increased 25% to $75.5 billion. And yet Meta has a market capitalization of... Read more ›
2
Election Day 2024 hasn’t yet dawned, but Andreessen Horowitz, which has become a major political player in recent years, is already looking ahead to 2026, pledging $23 million to a pro-crypto PAC. The PAC, Fairshake, has emerged as one of the most influential lobbying groups in Washington and ... Read more ›
0
Palantir, which sells artificial intelligence for analyzing data, on Monday raised its full-year 2024 revenue projection for the third time this year after growth accelerated in the third quarter. Demand for its software boosted revenue 30% to $725 million in the quarter, compared to the same ... Read more ›
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Nvidia has had discussions to invest in xAI’s latest financing round, which could value the OpenAI rival at around $45 billion, representatives for xAI told a prospective investor. The talks come just five months after xAI raised $6 billion at a $24 billion valuation. The 18-month-old startup ... Read more ›
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Perplexity co-founder and CEO Aravind Srinivas, already under fire from several media organizations, waded into a labor dispute between the New York Times and the company’s technical staff who went on strike Monday. In an X post directed to A.G. Sulzberger, the Times’ publisher, Srinivas said ... Read more ›
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TikTok parent ByteDance increased its international revenue more than 60% to about $17 billion in the first half of 2024, according to two people with knowledge of the financial results. As TikTok accounts for most of ByteDance’s revenue outside China, the growth suggests that TikTok’s advertising and other businesses have remained strong despite the threat of a U.S. ban. ByteDance’s overall revenue in the first half—mainly coming from advertising and... Read more ›
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T-Mobile agreed to pay OpenAI roughly $100 million over the next three years as part of a deal to use the startup’s technology, The Information reported on Monday. T-Mobile is paying to use OpenAI’s models to develop a new customer service chatbot that will aim to remember customer-specific data ... Read more ›
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The stakes for Silicon Valley in Washington have never been higher, as Democrats and Republicans argue over how to best ensure America’s tech supremacy. We’ve mapped out how, if elected, each presidential candidate would change aspects of tech, from antitrust and AI to China and crypto, based on their comments and people closely following their campaigns. Read more ›
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On the eve of the election, venture capitalist and San Francisco mayoral candidate Mark Farrell has agreed to pay a record ethics fine for violating rules on campaign contribution limits. The city’s Ethics Commission on Monday said it will fine Farrell more than $108,000 after finding that a ... Read more ›
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The New York Times spent $7.6 million on its lawsuit against OpenAI and Microsoft in the nine months through Sept. 30, it disclosed on Monday, demonstrating the high cost for publishers of fighting AI firms. Most of that total—$4.6 million—was spent in the third quarter, the Times reported. The ... Read more ›
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Most popular sources
Business Insider
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32% 12 |
Financial Times
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15% 14 |
The Verge
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14% 8 |
Gizmodo
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6% 3 |
Tom's Hardware
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6% 1 |
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23.11.2024 22:25
Last update: 22:20 EDT.
News rating updated: 05:20.
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