OpenAI has hired Instacart CEO Fidji Simo to oversee some parts of the company in a major leadership restructuring at the artificial intelligence firm. Simo and OpenAI CEO Sam Altman announced the news after The Information on Wednesday reported that OpenAI was planning to hire a senior ... Read more ›
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OpenAI is in talks with a senior technology executive to oversee some of the company’s divisions in a major leadership restructuring at the artificial intelligence firm, according to several people who have been told about the plans. OpenAI CEO Sam Altman is likely to continue overseeing research and infrastructure teams that are core to the company’s AI development, while leaving much of the rest of the company to this executive,... Read more ›
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A humanoid robotics startup founded by the former chief executive of failed fintech firm Synapse is aiming to finalize a $100 million fundraising that will value the year-old company at $1 billion, according to people who spoke to the company’s founders this week. The startup is in talks to raise money from the family office of a member of the Saudi Arabia royal family among other investors, according to the... Read more ›
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Television advertising is becoming a one-trick pony—it’s all about sports. Check out Walt Disney Co.’s March-quarter results, released Wednesday. Ad revenue from its sports TV and streaming businesses rose 22%, due to staggering growth at ESPN’s U.S. business. “Live sports, as you know, is doing extremely well,” said Chief Financial Officer Hugh Johnston. In contrast, advertising on its entertainment outlets fell 9.8%, as a falloff in Disney’s old-fashioned TV networks... Read more ›
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Google on Tuesday cut around 200 employees across its global business organization, the unit responsible for sales and partnerships, according to a person with direct knowledge of the situation. A Google spokesperson said that the company was “making a small number of changes across our teams to ... Read more ›
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BNY’s global head of digital assets Caroline Butler has decided to leave the company after more than five years, according to the bank. Carolyn Weinberg, the bank’s chief solutions innovation officer who joined from BlackRock in January, will continue to lead the company’s digital assets ... Read more ›
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Mobile app ad firm AppLovin’s business continued to soar in the first quarter of 2025, with revenue rocketing 40% from the first quarter last year to $1.48 billion. The overall revenue number was better than AppLovin’s own projections. AppLovin stock jumped 14% in after-hours trading. The ... Read more ›
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President Donald Trump is planning to rescind a Biden-era plan to restrict exports of advanced artificial intelligence chips to countries around the world, the Commerce Department told Bloomberg. Nvidia and other chip firms said the plan, an executive order issued by President Joe Biden in ... Read more ›
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OpenAI said Wednesday it is planning to build data centers for artificial intelligence in countries other than the U.S. through its Stargate joint venture with SoftBank, which aims to develop $500 billion worth of facilities over the next four years. The move is notable because OpenAI said other ... Read more ›
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I write The Arena column, where last week I took a deep dive into the increasingly central role that creators play in driving young audiences to live sporting events. For anyone who’s watched the Golf Channel, the NBA All-Star Game, or the Olympics, this trend has been brewing for some time.The rise of influencers in sports coincides with the decline in traditional sportswriting. Sports Illustrated is a shell of its... Read more ›
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Apple is “actively looking at” adding AI search options to its Safari browser and has had discussions with the AI search provider Perplexity, an Apple executive testified on Wednesday during the Google search monopoly remedies trial, Bloomberg reported. The executive, senior vice president of ... Read more ›
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Meta Platforms earlier this year discussed adding facial recognition to its smart glasses and other devices, The Information reported. The technology would allow somebody wearing the glasses to, for example, identify a person they met at a party by name. If implemented, facial recognition would ... Read more ›
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Uber reported 14% higher revenue of $11.5 billion in the first quarter but sharply higher operating income of $1.2 billion. Still, shares of the ride-hailing and food delivery firm fell 2%, as growth in the company’s gross bookings—the total dollar value of food orders and ride hailing trips ... Read more ›
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David Bailey, who advised President Donald Trump on crypto policy during his 2024 campaign, is raising $300 million to launch a publicly traded bitcoin investing company, according to people familiar with the matter. He is following a string of companies that buy up crypto seeking to replicate the success of Michael Saylor’s Strategy, which converted itself into a bitcoin investment firm. Bailey is raising $200 million through a private placement... Read more ›
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These days, investors are pulling out all the stops and getting more creative to convince founders of AI startups—particularly those with experience as executives at AI labs like OpenAI and Anthropic—to take their money, VCs tell me.The latest example we wrote about concerned Thinking Machines Lab, the buzzy startup cofounded by ex-OpenAI chief technology officer Mira Murati. As part of the company’s latest $2 billion fundraise, Murati essentially has full... Read more ›
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The ad market is healthy if you have live sports—at least according to Disney leadership during the company’s fiscal second-quarter earnings call on Wednesday. Disney said domestic ad revenue for ESPN, its sports segment, grew 29% year over year, driven by airing more NFL and college football ... Read more ›
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Back in 2021, Mark Zuckerberg and other top Facebook executives were dreaming big about how to design the company’s first generation of smart glasses. One feature they considered adding to them was facial recognition, which would have allowed someone wearing the glasses to, say, identify a person they bumped into at a party. Ultimately, though, Zuckerberg and the others discarded the idea, which presented a mountain of both technical challenges... Read more ›
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As OpenAI seeks to overhaul its corporate structure, it also expects to slash the revenue share Microsoft receives by at least half by decade’s end, The Information reported. Microsoft, whose servers power OpenAI products, hasn’t yet agreed to the changes, according to a person who spoke with a ... Read more ›
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Coatue Management is launching a new investment fund to back growing public and private technology companies including artificial intelligence and enterprise software. The twist? It’s courting individual investors to back the fund with a lower investment minimum than its other funds, according ... Read more ›
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As OpenAI moves ahead with a corporate restructuring to appease its investors as well as regulators, it needs to get clearance from Microsoft, its biggest outside shareholder and business partner. One part of OpenAI’s plan involves reducing the percentage of revenue it shares with Microsoft. In financial projections OpenAI shared with investors, that percentage would drop by at least half by the end of this decade. Microsoft, whose servers power... Read more ›
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22.03.2026 17:32
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