Nvidia stock is trading up Thursday morning, as investors applaud Wednesday evening’s blowout quarterly earnings report. Of course, that quarter is history now: what’s more important is what comes next. On that subject, CEO Jensen Huang was less than illuminating on Wednesday’s call. Nevertheless, we learned a lot from listening to comments from Huang and Chief Financial Officer Colette Kress. Here’s our takeaways, from Anissa and me:Supply bottlenecks. Huang and... Read more ›
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Nvidia dominates the market for graphics processing units used to train artificial intelligence models, although rivals like AMD and Intel are trying to catch up. Now some scrappy startups are entering the fray with alternative designs for AI chips they claim work better and more efficiently than Nvidia’s GPUs. Other startups are targeting Nvidia’s app-writing software, which keeps companies using its chips. Young companies such as d-Matrix and Rain Neuromorphics... Read more ›
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Gotion's facility in Fremont, Calif. Photo: Courtesy GotionFor the first time, Chinese battery manufacturer Gotion has said it expects lithium-ion batteries it plans to make in the U.S. to qualify for millions of dollars in U.S. tax credits under the Inflation Reduction Act, a law designed to create a U.S.-led battery supply chain. Read more ›
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Rivos, a server chip developer that Apple sued for alleged trade secret theft, has since struggled to raise funds from investors and recruit employees, its co-founders have told some staff. Apple sued the startup last year after it hired numerous employees from Apple’s chip design unit. Rivos last week laid off nearly two dozen employees, 6% of staff, and its leaders made comments to remaining staff implying it had limited... Read more ›
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Nvidia CEO Jensen Huang should be taking notes about his daily life. This is sure to be a year he’ll want to remember in detail. Nvidia’s dominance of chips that are vital for generative AI is translating into growth that is extraordinary for a 30-year-old company. Not only did it report better-than-projected second-quarter revenue growth of 101% on Wednesday, Nvidia projected third-quarter revenue that would be up 170% on a... Read more ›
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This morning, my colleague Jing and I published reporting on how far TikTok is willing to go to make shopping a big business on the app. Leaders are aiming for TikTok Shop, its name for its fledging shopping service, to generate about $200 billion in annual customer orders in the U.S. by 2028—or roughly what TikTok’s Chinese sister app Douyin generated last year. To do that, it’s spending a ton... Read more ›
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Space Exploration Technologies, Elon Musk’s rocket company, is working with Cloudflare to boost the performance of SpaceX’s satellite internet service Starlink, according to a person with direct knowledge of the project. The two companies are working on a way to increase Starlink’s terrestrial network of mini data centers around the globe—known as points of presence. That, in turn, could help it deliver faster network speeds to its customers, the person... Read more ›
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The past week has been filled with NFT drama, with OpenSea changing its policy for collecting royalty fees and drawing the ire of investors and NFT creators alike. But first, let’s take a look at the latest in a string of NFT startups that are calling it quits. Recur, a startup that helps other businesses create and manage NFT collections, said on Friday that it’s shutting down on November 16.... Read more ›
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Chip designer Arm filed its prospectus for an initial public offering Monday and readers of The Information expect more IPOs to follow soon. More than 40% of respondents to our latest reader survey expect the pace of IPOs to accelerate later this year. Nearly 60% of the respondents expect IPOs to pick up by the first half of next year. Readers are also more optimistic about tech than at any... Read more ›
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A smattering of artificial intelligence apps have emerged recently to help consumers organize their lives. Some, like Rewind, help people keep track of all their digital activity so they can always remember what happened in the past. Others, such as HyperWrite, aid users with tedious web tasks like booking restaurant reservations or flights.The latest entrant is Crate, which launched today, and can best be described as an AI-fueled version of... Read more ›
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The cost of TikTok’s online shopping expansion in the U.S. is beginning to add up. TikTok Shop, the app’s nascent shopping service, is expected to lose more than $500 million in the U.S. this year, according to a person with direct knowledge of the matter. The loss reflects TikTok’s heavy investment in hiring, building a delivery network and subsidizing merchants that offer double-digit–percentage discounts and free shipping. Read more ›
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There’s a tendency in reporting—and in life—to assume that the status quo will remain the status quo. But if there’s one thing I’ve learned as a tech reporter—one who was covering BlackBerry when the iPhone came out—it’s that the world and business are in constant flux. What’s dominant today won’t be forever. And even the tech behemoths that have tremendous staying power will need to evolve or die. I’ve been... Read more ›
0
Meta Platforms’ launch of a web version of Threads could help boost adoption after usage has plunged. But it still has some major features missing. Here’s a look at what it could roll out next, especially if it wants to compete with what made Twitter, now called X, a success: • Direct messages: DMs are a core way that creators interact with fans. Currently, sharing a Thread privately is quite... Read more ›
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Salesforce is leading a financing round in Hugging Face, one of the most highly valued startups helping businesses use artificial intelligence, at a valuation north of $4 billion, according to two people with knowledge of the situation. The roughly $200 million funding round more than doubles the share price and private valuation of the New York–based company, one of these people said. Salesforce is paying a high price for a... Read more ›
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Tiger Global Management is nearing a deal to sell part of its stake in OpenAI rival Cohere at a roughly $3 billion valuation, a markup of more than 40% from Cohere’s last financing round in June, according to people familiar with the matter. Tiger is selling a stake of roughly 2.1% of Cohere for about $63 million, equal to the dollar amount of Tiger’s initial investment in Cohere, according to... Read more ›
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Truepill, a startup that ships prescription drugs on behalf of online pharmacies such as Hims, Mark Cuban’s Cost Plus Drugs and GoodRx, has authorized slashing the price of some of its shares by more than 90% from their peak in 2021, according to a recent filing provided by Prime Unicorn Index. In 2021, the startup said investors had valued it at $1.6 billion. The eight-year-old startup disclosed steps it is... Read more ›
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A recent court ruling may put rocket-ship AI startups like Midjourney and Runway on shaky ground.United States District Court Judge Beryl A. Howell ruled on Friday that art completely generated by artificial intelligence cannot be copyrighted, the latest update in a string of controversies surrounding the technology’s usage in art. The ruling affects works that are entirely generated by AI, but leaves wiggle room for art made by both humans... Read more ›
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When international investors such as General Atlantic and the Carlyle Group invested in Chinese fintech firm Ant Group in 2018, they likely hoped for a big payoff given its dominance in facilitating payments for both Chinese brick-and-mortar merchants and e-commerce sites such as Alibaba. Those hopes were dashed in 2020, when Chinese authorities abruptly canceled Ant’s initial public offering, which would have valued it at more than $300 billion. Now... Read more ›
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Here’s a declaration the tech press doesn’t get to make very often: It’s a good day to be SoftBank. Arm, a chip designer the SoftBank Group has owned since 2016, finally released its investor prospectus this afternoon, a key step before the initial public offering expected next month. If investors bite—no sure thing, as I explain below—Arm’s valuation could surpass $60 billion. That’s roughly double the price SoftBank paid seven... Read more ›
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We don’t hear much about Apple and the creator economy except when creators—or the platforms that host them—complain about the Apple App Store fees that cut into their earnings. That makes Apple’s launch Monday of multiple features aimed at helping creators all the more remarkable, even if the individual products are fairly standard. The iPhone maker said podcasters will now be able to view the number of free trial subscriptions,... Read more ›
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Most popular sources
Tech Wire Asia
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32% 23 |
Business Insider
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23% 10 |
Android Authority
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6% 2 |
Eurogamer.net
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5% 2 |
The Verge
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5% 2 |
| View sources » | |
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30.11.2024 07:34
Last update: 07:25 EDT.
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