Crypto prices have been creeping up over the past month, fueling hope that the crypto winter could be thawing. But some trading and investing apps have already thrown in the towel. I reported earlier this week that Stash, an app that offers stock, ETF and crypto trading, is pulling the plug on its crypto trading service in December. The fintech had already taken crypto out of portfolios it manages for... Read more âș
0
Late last year, Amazon executives met with their counterparts at TikTok parent ByteDance to propose a novel idea: creating a new advertising format that would let customers buy items from Amazon ads on TikTok without leaving the app, according to a person with direct knowledge of the discussions. A partnership could have been a breakthrough for both companies. Amazon knew ads on TikTok that provided the ability to buy things... Read more âș
0
In September, I wrote about an emerging group of startups that help developers manage the exploding costs of AI. These companies figure out what tasks can be handled by cheap-to-use AI models so their customers donât end up paying for a more expensive model from OpenAI that they donât really need. Thereâs signs these companies have legs, at least in the eyes of venture capitalists. One of the earliest of... Read more âș
3
Sheinâs revenue surged more than 40% to $24 billion between January and September from a year earlier, people familiar with its finances said, growth that highlights the mounting threat for Amazon as the China-founded retailer looks to expand beyond fast fashion by ramping up sales of other goods like appliances and electronics. Shein, last valued at $66 billion and backed by investors including Sequoia Capital and General Atlantic, has already... Read more âș
2
If Adrian Aoun has his way, the next time you visit the doctorâs office, you wonât see a single medical professional. In fact, he said, âI donât even believe a doctorâs office should exist.â Instead, the outspoken founder and CEO of primary care startup Forward wants you to entrust your health to a landmark new product, the CarePodâa whirring, purring autonomous module that looks like an airport lactation room crossed... Read more âș
50
A day before U.S. President Joe Biden and China President Xi Jinping are scheduled to meet in a highly anticipated meeting in San Francisco at the Asia-Pacific Economic Cooperation summit, I sat down in a small conference room off Market Street with one of Bidenâs key deputies, who will be by his side in the meeting: Secretary of Commerce Gina Raimondo.Most recently Raimondo has been busy building new relationships with... Read more âș
2
Iâm kicking off todayâs newsletter with some new details about internal changes happening at TikTok, this time in its operations division, which includes creators and content. The company has organized the hundreds of operations staff around three key areas: creators, publishers, and content strategy and policy. Thatâs different from the structure under chief operating officer V Pappas, who announced her exit in June. That group included marketing and distribution, as... Read more âș
11
Snap co-founder and CEO Evan Spiegel has lately taken to walking around his companyâs Santa Monica, Calif., headquarters in the evenings, stopping at employeesâ desks and asking what theyâre working on. He has noticed, however, that he always spots the same handful of people working late in the office, he told employees at a recent all-hands meeting, according to two people who were present. The comment was interpreted as a... Read more âș
68
Those who follow the fast-growing world of artificial intelligence chips may have noticed fanfare on Monday surrounding Nvidiaâs new H200 AI chip, a successor to the vaunted H100 that everyone has been trying to get their hands on this year.But Nvidiaâs announcement simply may have been an attempt to steal the spotlight from its biggest competitor, AMD, rather than show off a drastic technological improvement. After all, the H200âs architecture... Read more âș
2
ByteDance is closing the revenue gap with Facebook owner Meta Platforms as it generates more sales from advertising and e-commerce. The Chinese owner of TikTok saw revenue surge more than 40% to $29 billion in the second quarter from a year earlier, according to people with knowledge of the figures. Thatâs a far higher growth rate than other advertising-powered internet companies, including Meta, whose revenue rose 11% to $32 billion... Read more âș
15
Amazon has reached a deal with Snap that will let people buy Amazon products directly from ads on the Snapchat app, an Amazon spokesperson confirmed. The previously unreported arrangement closely resembles an ad partnership announced last week between Amazon and Meta Platforms, which lets people buy products through Amazon ads on Instagram and Facebook without leaving those apps. The two deals suggest Amazon is trying to make it easier for... Read more âș
45
Todayâs tech stock market is no country for unthinking investors. A bunch of stocksâamong them Alphabet and Amazonâhave gone nowhere amid the market gyrations of the past two years, while others such as Apple have seen OK but not great performance. That adjective can really only be applied to Nvidia, which has soared this year thanks to its market-cornering position in specialized artificial intelligence chips. The stock has appreciated 62%... Read more âș
0
Itâs Kalley again. On Friday, my colleague Sylvia and I reported on ongoing challenges at Meta Platforms over how to limit content thatâs risky to young people. A centerpiece of the debate over youth safety and well-being is what sort of content Meta should limit on Instagram, Facebook and its other apps, and what the company should recommend. For at least two years, Metaâs employees proposed that the company stop... Read more âș
2
Eighteen years after co-founding YouTube, Chad Hurley is back with a new startup, EyeTell, which uses artificial intelligence to generate short-form video scripts and content, according to two people familiar with the matter. The five-month-old startup has raised a seed round led by Kevin Hartzâs A-Star Capital with an investment from Ron Conwayâs SV Angel, according to one of the people. The size of the investment and valuation could not... Read more âș
54
Almost no startup benefited more from the collapse of Silicon Valley Bank than Brex, which saw a surge in deposits from young companies who use its credit card and cash management products. But that growth spurt has petered out in recent months, internal data reveal, putting more pressure on the company to ramp up its expense software diversification. In the third quarter, the company had annualized net revenue of $283... Read more âș
87
After reading my colleague Jon Victorâs piece Friday morning, I called up my 16-year-old brother to give him some career advice: Become an AI researcher.As Jonâs piece details, the market for AI talent is heating up, with recruiters from top companies like OpenAI and Google dangling lucrative compensation packages in front of AI researchers. OpenAI, for instance, has promised annual compensation of between $5 million and $10 million, mostly in... Read more âș
0
If 2022 was a year of shock and denial for tech founders and investors as stocks collapsed, 2023 was a year of acceptance of their harsh new reality. Startups slashed headcount. Founders swallowed their pride and accepted ego-shattering down rounds just to survive. Venture capitalists cut ambitious targets for the size of their next funds and made tough choices about which startups in their portfolios they would keep supportingâand which... Read more âș
0
In the 2000s, Mujeeb Ijazâmanaging a team that made experimental electric vehicles for Fordâdesigned a sedan that would operate on two batteries rather than just one, like most EVs even today. One battery would be conventional lithium-ion, and the other a hydrogen fuel cell. The magic of the approach was that the carâa Ford Focusâcould deliver hundreds of miles of range, which was a lot for the time: When the... Read more âș
1
Adventurer: Guy Kawasaki Escapades: Hockey with his sons, surfing the shores of Santa Cruz, India and Australia The tides rule Guy Kawasakiâs life. âI almost called you up today to postpone this interview to go surf,â he laughed during a recent call from his home in Santa Cruz, Calif. âAll my meetings, interviews, podcast recordingsâ everything is scheduled around the tide.â Long before Kawasaki, now 69, picked up surfing at... Read more âș
0
Hi, welcome to your Weekend.Today marks the opening of the Asian-Pacific Economic Cooperative Summit in San Francisco, which is basically NBA All-Star weekend for government people. For the next seven days, our one-name tech leaders (Sam, Elon, Marc, Sundar) will play unofficial hosts to their lawmaking counterparts from around the globe (Joe, Xi, Fumio, Justin).Itâs a chance for San Francisco to show off its best sideâthe views, the food, the... Read more âș
0
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13% 4 |
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29.11.2024 07:37
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