Apple continues to work with Baidu to develop artificial intelligence features for iPhone users in China even after onboarding new partner Alibaba Group, according to two people with direct knowledge of the matter. Specifically, Baidu has been developing an AI-powered search feature that can ... Read more ›
18
Elon Musk will withdraw his $97.4 billion takeover bid for the nonprofit that controls OpenAI if the artificial intelligence company’s board agrees to halt its planned conversion to a for-profit company, according to a court filing. If OpenAI’s board is “prepared to preserve the charity’s ... Read more ›
0
Alibaba chairman Joe Tsai on Thursday confirmed a report by The Information that it was working with Apple to offer artificial intelligence features for iPhone users in China. Tsai, who was speaking at the World Government Summit in Dubai, said his company felt “very fortunate” and “extremely ... Read more ›
0
Aurora Innovation, an eight-year old company developing software and hardware to operate self-driving freight trucks, said Tuesday that it will start disclosing revenue this year as it launches a fleet of commercial vehicles in Texas. The Pittsburgh-based company on Tuesday said its operating ... Read more ›
0
Oh, to be young again. That must be what folks at Google and Meta Platforms think when they look at the two digital-ad rocket ships of the past 12 months, AppLovin and Reddit. (Sure, Reddit is 20 years old, but it’s relatively new to the ad market.) That youth is demonstrated by how much their businesses, and their stocks, exploded last year.We got a taste of that on Wednesday, when... Read more ›
0
After burning $5.6 billion in cash last year, Anthropic said it would reduce that amount by nearly half in 2025 and projected up to $3.7 billion in revenue for the year as it gains on OpenAI, according to two people who have viewed the company’s figures. Anthropic is also projecting that its revenue could grow to as high as $34.5 billion in 2027. Read more ›
2
Reddit reported 71% growth in fourth quarter revenue to $427.7 million, underpinned by 60% growth in ad revenue. Net profit jumped nearly 300% to $71 million. But the social media firm’s stock price dropped 15% in after hours trading, likely reflecting concerns about Reddit’s user growth, ... Read more ›
0
President Donald Trump has nominated Brian Quintenz to be the next chairman of the Commodity Futures Trading Commission, the federal regulatory agency that oversees U.S. derivatives markets, Quintenz said in a post on X. Quintenz is currently the head of policy for Andreessen Horowitz’s crypto ... Read more ›
0
AppLovin shares jumped nearly 30% in after-hours trading Wednesday after the mobile gaming giant reported revenue growth of 44% in the fourth quarter, topping the company’s own forecast as advertising revenue surged. The company, which generates revenue from placing ads in mobile games and apps ... Read more ›
0
Since its launch in 2020, soda startup Poppi has used social media and viral trends to spread the word about its low calorie sodas. It’s also made attention-grabbing partnerships with creators a big piece of its strategy. The brand hosted influencer Alix Earle in a Poppi-themed house at Coachella last year to promote the launch of its lemon lime flavor, for instance. But sometimes those big splashes can unexpectedly backfire,... Read more ›
0
Robinhood reported fourth-quarter revenue of $1.01 billion, more than double the same period a year earlier, driven by a surge in crypto trading. The trading app’s shares rose 12% in post-market trading. Robinhood said crypto revenue was $358 million in the quarter, up over 700% from a year ... Read more ›
0
Crypto has been in the spotlight since the election of President Donald Trump, who has promised to ease regulations and make the U.S. the crypto capital of the world. What the crypto industry probably didn’t anticipate, however, is that Trump himself would also be at the center of a new mania—meme coins—that’s stoking trading frenzies as well as crypto-skeptic scorn. In a call with subscribers, The Information founder and CEO... Read more ›
0
Temu and Shein’s U.S. sales dropped in the days following an executive order by President Donald Trump that briefly ended an import exemption used by both bargain sellers to avoid paying China tariffs, Bloomberg reported on Wednesday. Between Feb. 4 and Feb. 9, Shein’s daily sales dropped as ... Read more ›
0
How fierce is the fight for talent at OpenAI and its rivals?One sign came Tuesday when Josh Kushner, founder of major OpenAI investor Thrive Capital, gave a presentation to some of OpenAI’s staff. As part of his talk about why Thrive had committed over $1 billion to the ChatGPT maker, Kushner drove home this message: Leaving would be a bad economic decision.At a staff meeting, Kushner and partner Vince Hankes... Read more ›
14
The last time SoftBank CEO Masayoshi Son bet tens of billions of dollars on hot startups, he made snap decisions and took advice from a group of swashbuckling investors known as much for their infighting as for their deals. Today, he’s moving more deliberately and listening to people like Vikas J. Parekh, who has emerged as Son’s trusted deputy for SoftBank’s big push into AI. Read more ›
41
Trendy soda brand Olipop announced $50 million in fresh funding Wednesday at a valuation of $1.85 billion, a jump from the company’s last publicly disclosed valuation of $200 million in early 2022. JPMorgan Growth Equity Partners led the round. The company is profitable, CEO Ben Goodwin said in ... Read more ›
0
As the OpenAI-Elon Musk drama bogged down in arguments about whether Musk’s group had actually sent the takeover offer to the board, another issue surfaced. While OpenAI is signalling it will dismiss the Musk-led group’s offer, it turns out any of OpenAI’s 10 board directors could take matters into their own hands. That’s because of a California corporate law that says a board director can “bring an action to enjoin,... Read more ›
2
So far, most of the spotlight on Silicon Valley’s Washington invasion has focused on how Elon Musk and a band of young techies from his companies are scouring the federal government looking for waste. But a significant cohort of staff from other Valley firms are assuming outsize roles in the Trump administration as well. In fact, you could practically call this the Andreessen Horowitz administration. In our org chart showing... Read more ›
0
Alibaba’s stock closed 8.5% higher in Hong Kong Wednesday, following The Information’s report on the e-commerce giant’s partnership with Apple. Apple has partnered with Alibaba to roll out its AI features for iPhone users in China, and the two companies have submitted the features they ... Read more ›
0
Positron, a developer of artificial intelligence chips that compete with Nvidia’s, raised $11 million from Flume Ventures, Valor Equity Partners and Atreides Management, all of which are known for backing hardware firms, The Information reported. Valor and Atreides have invested in companies ... Read more ›
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Most popular sources
Business Insider
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22% 2 |
Gizmodo
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12% 3 |
Slashdot
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10% 7 |
Android Authority
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8% 2 |
Tom's Hardware
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7% 2 |
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12.11.2025 04:13
Last update: 04:05 EDT.
News rating updated: 11:02.
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