Is Mark Zuckerberg auditioning for the role of Elon Musk’s Mini-Me? We’re kidding, but it is uncanny how much Zuckerberg seems to be following Musk’s lead lately. In the latest example, The Wall Street Journal reported on Friday that Meta Platforms is considering moving its legal incorporation to Texas, out of Delaware, just as Tesla did last year. This follows Zuckerberg’s recent decision to adopt a “community notes” feature for... Read more ›
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This week on More or Less: DeepSeek, memes and Dave quits social media. Apple Spotify YouTube Episode Transcript Read more ›
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Zyphra, a Palo Alto, Calif., developer of open-source models that can be downloaded to devices like phones or home entertainment devices, is in talks to raise $100 million in Series A funding at a $1 billion valuation, according to a person close to the company. Returning investor Metaplanet, ... Read more ›
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As Meta Platforms sets about turning its massive investment in artificial intelligence into ways to make money, it’s asking ad agencies for help. Meta has been sending its engineers to work with ad agencies on developing AI tools designed to do everything from tweaking videos and static images in ads to evaluating the effectiveness of such images in ads, ad agency executives said. Read more ›
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Meta Platforms is considering reincorporating its business outside of Delaware, possibly in Texas or other states, according to a report in the Wall Street Journal. Such a move would put Meta CEO Mark Zuckerberg in step with Elon Musk, who has reincorporated several of his companies, including ... Read more ›
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Meta Platforms CEO Mark Zuckerberg told employees Thursday that Meta sold more than one million of its Ray-Ban smart glasses in 2024, marking the first time the company has disclosed sales figures for the product. Meta has invested heavily in the glasses, designed in partnership with Ray-Ban ... Read more ›
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Kraken, a crypto exchange, said its revenue last year was $1.5 billion, more than doubled from $671 million in 2023. The company said its adjusted earnings before interest, taxes, depreciation, and amortization was $380 million last year. In comparison, Coinbase, the biggest U.S. crypto ... Read more ›
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Apple filed an emergency motion Thursday evening seeking to pause the U.S. government’s antitrust case against Google as the iPhone maker appeals a district court judge’s decision to block it from intervening. The judge last year ruled that a contract between the companies to make Google Search ... Read more ›
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In 1862, from a hill in northern Virginia, troops under Confederate General Stonewall Jackson rained artillery fire upon a column of Union soldiers on a dirt road about a thousand feet away, in the opening shots of the Second Battle of Manassas. When I visited a farmhouse on the site on a frigid day earlier this month, I saw the signs of a modern-day conflict unfolding on the same ground.... Read more ›
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DeepSeek has shaken up Silicon Valley and Wall Street with its stunning advances in artificial intelligence. But its technological success doesn’t mean China’s AI industry has figured out how to make money. The rise of DeepSeek contrasts with the struggles of other Chinese competitors, especially the best-known AI unicorns dubbed the “six little dragons.” The six startups—MiniMax, Moonshot AI, Zhipu AI, Stepfun, Baichuan and 01.AI—spearheaded China’s AI push in the... Read more ›
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Blackstone, a major investor in data centers, told investors Thursday that it’s been looking at the potential impact of cheap, powerful artificial intelligence from China on the data center market. The release of DeepSeek R1, a reasoning model developed by a Chinese quant fund, has shaken up ... Read more ›
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Google on Thursday offered U.S. employees of its Chrome, Android and Pixel teams voluntary buyout package that included severance pay, a Google spokesperson said. The move comes nine months after Google combined the teams under executive Rick Osterloh, giving him oversight of more than 20,000 ... Read more ›
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Apple had good news and bad news when it reported December-quarter results on Thursday. The bad news was that revenues from China—Apple’s second-biggest market—shrank 11%, almost certainly a result of Apple losing share in smartphones to local rivals such as Huawei. Indeed, iPhone revenues globally shrank 0.8% in the quarter. The good news is that despite the falloff in China, Apple’s top line expanded 4%, thanks to solid growth in... Read more ›
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General Catalyst has reached out to several institutions to buy a stake in its management company according to Axios. General Catalyst itself may be the buyer, according to Axios. In 2018, Petershill Partners, an investment firm operated by Goldman Sachs Asset Management, bought a stake in ... Read more ›
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Intel on Thursday said revenue fell 7% to $14.3 billion in the fourth quarter, but the result meant the chip maker’s performance was in line with the best-case scenario the company had projected three months earlier. Its $126 million net loss in the quarter was also many times lower than what ... Read more ›
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Hi - Before we get into today’s column, some breaking news: OpenAI is in talks to raise another giant round, of about $40 billion, led by SoftBank, which would value the ChatGPT maker at $300 billion including the investment—nearly double its valuation late last year in a Thrive Capital-led round. OpenAI will use some of the money to fund its commitment to Stargate, which I reported last week would be... Read more ›
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Crypto exchange Kraken is re-launching staking services for U.S. clients using a different product structure, after discontinuing staking in 2023 under a settlement with the U.S. Securities and Exchange Commission. Staking is a process in which crypto investors lock up, or “stake,” their tokens ... Read more ›
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As TikTok’s future remains in turmoil, competitors are trying to take advantage of the situation. One way is bringing back a tried-and-true tactic from 2021: creator funds. This month, companies including creator commerce app Flip, which competes with TikTok Shop, and newsletter publisher Substack announced programs that offer cash incentives with the hope of attracting more TikTokers to their apps. Instagram parent company Meta Platforms also brought back limited-time bonuses... Read more ›
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Apple’s iPhone revenue shrank by 0.8% in the December quarter, the company reported, likely a result of weakness in China where the tech giant faces intense comeptition from Chinese brands such as Huawei. Despite the drop, sharp growth in revenue from sales of Macs, iPads and services ... Read more ›
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Meta Platforms CEO Mark Zuckerberg told Meta employees Thursday that Meta ended its diversity, equity and inclusion efforts because of the current political landscape, but still valued diversity, according to an employee who heard his remarks. Zuckerberg made the comments at a company ... Read more ›
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12.11.2025 10:33
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