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 âș
0
OpenAI CEO Sam Altman is back to doing what he does best: raising money. The ChatGPT creator has had preliminary conversations about a $100 billion-valuation fundraising, Bloomberg reported Friday, even though its tender offer at a $86 billion valuation isnât yet complete. Given Altmanâs past comment that OpenAI may need to raise $100 billion in capital to accomplish its goals of artificial general intelligenceâa term that has since been upgraded... Read more âș
2
If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Redditâs advertising business, which has fallen short of ambitious growth targets outlined by executives two years ago. Reddit expects to finish this year with ad revenue up more than 20% to slightly over $800 million, two people... Read more âș
35
Face it: Youâre long past most âarrive by Christmasâ shipping deadlines. To alleviate your procrastinatorâs panic, we sourced five gift ideas you can purchase online mere minutes before youâre supposed to bestow them. Sometimes experiences are the greatest (and easiest) gift for the person who has everything. Read more âș
27
Hi, welcome to your Weekend.Hard to believe itâs been 14 months since Elon Musk walked into Twitterâs headquarters in San Francisco with his infamous "let that sink in" wash basin. Feels like 14 years, to be honest. In the time since, at least three-quarters of the company has been fired or has voluntarily departed. Those ranks include almost all of Twitterâs top managers.One holdout has been Nick Pickles, the head... Read more âș
45
2024 is going to be a big year for tech. And already, the More or Less gang is taking opposite sides on the launches to come. For our final episode of 2023, it was fun to look ahead (and back) on a wild, wild year. To what we got right and wrong and to a very happy holiday. Episode below, and we'll see you in 2024. https://ti.theinformation.com/more-less-pod/ Read more âș
0
If you think about it, all the traditional entertainment companiesâincluding Disney, Warner Bros. Discovery, NBCUniversal and Paramount Globalâtheoretically could be acquisition targets next year. But only one will be properly positioned to maximize its appeal to a tech firm like Apple, Amazon or Netflix. That one is Lionsgate, which owns a wide array of film and TV titles including âThe Hunger Games,â âTwilightâ and the âJohn Wickâ series. And a... Read more âș
0
Cisco Systemsâ acquisition of Isovalent, a cloud networking and security startup backed by Google and Microsoft, announced on Thursday, suggests that the enterprise software stock rebound is also boosting startup valuations in the sector. Cisco, a pioneer in data center networking equipment that has shifted to serve cloud customers, is paying around $650 million in cash for the startup, or 32 times its annual recurring revenue, said a person with... Read more âș
27
Nick Pickles has spent much of the last decade getting beaten up before legislative bodies. But one day this August, appearing via video in Canberra, Australia, he was having a particularly brutal time. The Australian Parliament was wrapping up a long-running inquiry into online child sexual exploitation, and David Shoebridge, a Green Party senator from New South Wales, wanted to know how Pickles could testify that his employer, X, as... Read more âș
0
Weâve been surveying our readers monthly since February to gauge their sentiment toward the tech industry and 14 well-known tech companies. In general, weâve found that readersâ outlook tends to track the performance of tech stocks in the weeks prior to the survey. That relationship broke down this month.Stocks have been on a tear since early November as investors have anticipated lower interest rates. The Nasdaq-100 Technology Sector Index, which... Read more âș
0
ByteDance founder Zhang Yiming was getting impatient. During a video call with executives from the companyâs gaming team in Sept. 2022, he complained about a lack of progress at the division, called Nuverse. He also pointed out that user numbers for the ByteDance-owned Moonton game studio hadnât grown even though its headcount had doubled, according to two people who were in the meeting. âYou told me gaming is a long-term... Read more âș
6
Stripe is back! The payments firm, long a favorite of Silicon Valley investors, is enjoying a rebound in business that is surely making those investors who bought into its March fundraising feel pretty, pretty good. Remember, Stripe raised money at a valuation of just $50 billion, a few billion dollars below its original sought-after pricing level and well off its early 2021 peak valuation of $95 billion. At the time,... Read more âș
0
Many investors entered 2023 expecting a holdover of the past yearâs doldrums: little dealmaking (except for artificial intelligence), cratering valuations and a growing number of down rounds. They werenât disappointedâbut few if any of them predicted the events that really defined venture capital and startup investing this year: the March collapse of Silicon Valley Bank and the boardroom coup at OpenAI.  The catalysts for both were quite different. SVB was... Read more âș
0
Flexport has set ambitious targets for both revenue growth and cost-cutting in 2024, even as it reels from a sagging freight market and its cash pile continues to shrink. The freight company is targeting $330 million in net revenue in 2024, a dramatic increase from current annualized net revenue of less than $100 million, according to people briefed on the figures. Net revenue represents how much customers pay Flexport to... Read more âș
8
Welcome to the last Creator Economy newsletter of 2023âand what a year itâs been!We published 198 newsletters, bringing you scoops about the millions of dollars Meta Platforms paid creators to use their likeness in AI chatbots; TikTok enlisting creators to lobby on Capitol Hill; and startup M&A, including Passesâ merger with Fanhouse and newsletter upstart Beehiivâs acquisition of ad marketplace Swapstack.   Read more âș
0
Last month, OpenAI fired and then rehired CEO Sam Altman. When the dust settled, Open AI emerged looking even more like a for-profit corporation than a nonprofit, with a board that is indistinguishable from those of other tech startupsâright down to the lack of diversity. This is a clear departure from the companyâs 2015 origins as a nonprofit research group whose mission reflected a widely shared realizationâthat artificial intelligence is... Read more âș
0
Itâs one thing for Google, Microsoft and Nvidia to buy shares of mature artificial intelligence startups at inflated prices. But when venture capitalists known for backing young startups do it, we canât help but scratch our heads and wonder why.Take Menlo Ventures, which is leading an investment in OpenAIâs most comparable rival, Anthropic, my colleagues reported on Wednesday. The round values the company at $15 billion or higher, at least... Read more âș
60
Payments giant Stripe, a bellwether of the startup world, kept a lid on spending for engineers and salespeople this year after business slowed in 2022. Now itâs reaping the benefits: as revenue growth has re-accelerated, itâs making money again. Stripeâs net revenuesâwhat the firm takes in from payments it processes after it passes a large cut to credit card companies and other financial institutionsâgrew by about 35% to roughly $1... Read more âș
29
In 2006, the auto industry ridiculed Tesla CEO Elon Musk when he said that over the next few years, he would mass-produce three models of electric vehicles, including a midpriced car. In 2013, with two of those promised EVs in production and the third on the way, Musk drew a new round of skepticism when he doubled down and said he also intended to build a âgigafactoryâ for batteries, with... Read more âș
15
Akash here. Iâm a data reporter with The Information Pro, and as we approach the holidays, Kaya and I have been crunching some numbers about the year weâve just had. Weâve put together three data pointsâone chart and two tablesâthat define 2023.Our first, the chart above, shows how far creator startup funding has fallen this year. Venture funding for creator businesses in the U.S. totaled roughly $800 million through the... Read more âș
0
David Zaslav must like scary movies. The Warner Bros. Discovery CEO met with Paramount Global chief Bob Bakish this week, we and others reported, to discuss a merger, among other things. For the uninitiated, such a combination would put together the Warner Bros. and Paramount film and TV studios, as well as TV networks such as TNT, TBS, Showtime, HBO, CBS and CNN, plus streaming services like Max. Investors quickly... Read more âș
3
Most popular sources
Business Insider
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27% 5 |
Tech Wire Asia
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21% 9 |
CNET
|
7% 2 |
Android Authority
|
5% 2 |
Tom's Hardware
|
5% 1 |
| View sources » | |
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28.11.2024 23:41
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News rating updated: 06:30.
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