Snowflake shares rose more than 11% after the database provider said its revenue grew 27% to nearly $987 million in its January quarter, which exceeded the high end of its forecast by more than $30 million. The results show that investors think Snowflake is well-positioned to benefit as more ... Read more ›
0
There’s been a lot written about how U.S. creators will handle a potential TikTok shutdown in the U.S. But TikTokers in other countries such as the United Kingdom also stand to lose—and some are already finding it’s harder to close advertising deals. U.K. creators have sizable portions of their TikTok audiences in the U.S., with estimates ranging from 20% to more than 40%, British talent managers told me on a... Read more ›
1
Snowflake Chief Financial Officer Michael Scarpelli is stepping down, following his longtime colleague Frank Slootman out the door. Scarpelli had joined the database provider in 2019 from ServiceNow, shortly after Slootman became CEO, also from ServiceNow. Slootman left a year ago, succeeded by ... Read more ›
0
Salesforce on Wednesday said revenue rose 8% to $10 billion in the January quarter, mirroring the growth it posted in the prior two fiscal quarters. The result highlights the challenges facing the enterprise software vendor as it reorients its business around selling artificial intelligence. ... Read more ›
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Instagram is considering launching a stand-alone app for its short-form–video feature, Reels, Instagram chief Adam Mosseri told staff this week, according to a person who heard the remarks. Such an app would be similar to the TikTok experience of scrolling through videos, and would be Instagram’s most aggressive move so far to take advantage of its Chinese-owned rival’s uncertain position in the U.S. Instagram’s efforts to take on TikTok are... Read more ›
60
Nvidia on Wednesday said revenue rose 78% year-over-year to $39.3 billion in the quarter ending in January, continuing a streak of more than two years of beating its own revenue growth projections. The company had projected 70% growth for the quarter three months ago and on Wednesday forecast ... Read more ›
0
Paramount Global’s streaming business posted an adjusted loss of $286 million during the fourth quarter of 2024, after it had eked out a profit the prior two quarters. Revenue for this segment, which includes the Paramount+ and Pluto TV streaming services, grew 8% year over year to $2 billion. ... Read more ›
0
Database provider Snowflake recently talked with OpenAI about a deal that would let Snowflake customers access OpenAI’s artificial intelligence directly, possibly without needing to use an application programming interface from OpenAI or its cloud provider Microsoft, according to a Snowflake ... Read more ›
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Shares of mobile gaming ad firm AppLovin fell 15% on Wednesday after two short-selling firms published detailed reports slamming the sustainability of the company’s surging ad business which lifted the stock 712% last year. The high flying stock has now fallen 38% in the past two weeks and is ... Read more ›
0
Amazon unveiled the long-awaited new version of its Alexa voice assistant on Wednesday. The new version of Alexa, which will gradually roll out to consumers beginning in March, is more conversational than its predecessor and can accomplish more tasks, Amazon executives said. The new version of ... Read more ›
0
Many startups that sell cloud-based software to companies are struggling with the aftermath of the pandemic’s low-interest-rate period, which encouraged businesses to spend more on tools to help employees work remotely and investors to pour tens of billions of dollars into these startups. Now dozens of them face dwindling choices. They are growing too slowly to be good candidates for initial public offerings, at least for the next few years.... Read more ›
0
Jeff Bezos has ordered a revamping of the Washington Post’s opinion pages to write “in support and defense of two pillars: personal liberties and free markets.” Viewpoints opposing those pillars won’t be published, he said in a post on X on Wednesday morning. As a result of the switch, the Post’ ... Read more ›
0
Before we get into today’s column, leaders at OpenAI have told some employees that GPT-4.5—the model known internally as Orion—will be released this week, according to a person with knowledge of the conversations.Don’t get too excited though. A person who’s tested the model told us that its performance on certain tasks have been mixed; for instance, Anthropic’s recently-released Claude 3.7 Sonnet beats it on certain benchmarks, the person said.Perhaps we... Read more ›
2
Cloud and chip executives have predicted for two years that Nvidia’s dominance in artificial intelligence server chips would crater, but that hasn’t come to pass. Yet Rene Haas, CEO of Arm Holdings, whose chip designs power part of Nvidia’s systems as well as those of major competitors, feels comfortable saying it’s only a matter of time before sales of other AI chips grow meaningfully as well. Read more ›
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Chinese tech giant Alibaba Group said Wednesday it will release open-source versions of its artificial intelligence video models. Alibaba’s cloud computing division said it is open-sourcing four of its Wan2.1 AI models that generate videos while making them available for free. Alibaba’s Wan ... Read more ›
0
Is Tesla the next Twitter? You might think so, given data from Europe’s car manufacturers group today showing that new car registrations of Teslas fell a whopping 50% in Europe last month (including the U.K., the decline was 45%). Buyers deserted Tesla as Europe’s electric vehicle market overall rose 34% in the same period. Tesla’s sharp market share decline came the same month that Tesla CEO Elon Musk was parading... Read more ›
0
Meta Platforms is in talks to build a new data center campus for its artificial intelligence endeavors that would dwarf anything the company has done to date and would be among the biggest of its kind, according to two people who have spoken to Meta executives about it. Based on the number of chips and the amount of power the company is discussing for the campus, it could cost more... Read more ›
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I’m overcaffeinated from a string of meetings in San Francisco this week. I’m asking people how long the venture capital industry can keep pouring money into startups without getting much cash back from initial public offerings or mergers. One manager compared this dynamic to a traffic jam. We’ll soon know whether this backlog will start to clear up, as the IPO market is about to get its biggest test in... Read more ›
0
One of enterprise software’s bitter rivalries—between data security firms Rubrik and Cohesity—came to a head last year when Rubrik went public in an offering with a nearly $7 billion valuation. Now Cohesity, which is still private, is pitching investors on the notion that it’s the better deal. The Santa Clara, Calif.–based startup, which like Rubrik helps businesses manage and protect data against ransomware attacks, has told potential investors in a... Read more ›
0
Instacart’s revenue grew 10% in the fourth quarter to $883 million, a slightly slower growth rate than in the third quarter. The quarter ended a year where Instacart’s revenue growth slowed sharply but order growth jumped. During the year, Instacart dropped delivery charges for orders as small ... Read more ›
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Most popular sources
Business Insider
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23% 0 |
Gizmodo
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11% 3 |
Android Authority
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10% 4 |
Tom's Hardware
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8% 1 |
Mashable
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6% 2 |
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11.11.2025 18:36
Last update: 18:31 EDT.
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