Food delivery’s great rivalry is heating up. DoorDash and Uber, the two giants of the restaurant-meal delivery scene in the U.S., are now poised to duke it out in Europe. DoorDash unveiled on Tuesday a $3.8 billion proposed takeover of UK-based Deliveroo, its biggest step yet to expand in Europe. Uber, meanwhile, did its best to rain on DoorDash’s parade by simultaneously announcing the $700 million purchase of 85% of... Read more ›
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Periodic Labs, a startup founded by Liam Fedus, a former vice president of post-training research at OpenAI, has told potential investors it wants to raise hundreds of millions of dollars at a valuation of at least $1 billion, according to two people who spoke to company leaders. That’s a steep ... Read more ›
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Billions and even tens of billions don't generate much excitement at the annual Milken conference, taking place now in Los Angeles. But trillions, and especially $6.7 trillion, get some attention. That's the much-talked about number from a McKinsey report about the money needed to build out data centers to power artificial intelligence by 2030. Silicon Valley inventions are creating more places for pension funds to park capital. And more avenues... Read more ›
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Shares in Advanced Micro Devices rose slightly in after-hours trading after the firm reported quarterly revenue at the high end of its earlier guidance for the quarter that ended in March. AMD’s revenue in the quarter was $7.4 billion, up 36% from the same period a year earlier. The company ... Read more ›
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Creators eager to expand their online fame into offline fortune have discovered they need to learn the intricacies of logistics overnight. Now one group of YouTubers that built a shipping business is going back to its roots.Selery Fulfillment, a Dallas-based logistics company backed by Mark Cuban, is acquiring the fulfillment operations of Fan of a Fan, which owns three warehouses in Southern California. Terms of the deal, which hasn’t previously... Read more ›
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ServiceNow and Salesforce are now officially rivals, and so it follows that they would engage in the well-worn enterprise software tradition of issuing dueling press releases. At its annual customer conference, ServiceNow unveiled AI agents that can manage sales and customer service interactions ... Read more ›
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Amazon has expanded its ultra-cheap Temu competitor, Amazon Haul, to the United Kingdom and Saudi Arabia, the company said on Tuesday. Amazon first launched Haul in the U.S. in November, part of an effort to respond to the rise of discount online retailers Temu and Shein. In February, The ... Read more ›
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On Friday, Amazon sent many merchants selling goods on its e-commerce site a memo with pointers on how to navigate trade uncertainty amid steep U.S. tariffs. Suggestions included pivoting to selling in new countries and reshuffling inventory to different warehouses. Amazon also suggested merchants consider taking out loans, giving them funds to “invest in the areas of your business that make sense for you,” wrote Dharmesh Mehta, a senior executive... Read more ›
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Uber has partnered with Chinese robotaxi company Pony AI to offer autonomously driven rides on Uber’s ride-hailing app. The two will initially launch in a city in the Middle East and have goals to expand to other countries. In the duo’s initial pilot phase, the robotaxis will have safety drivers ... Read more ›
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We’ve written a lot about the possibility that consumers could soon use ChatGPT and other artificial intelligence chatbots for tasks like booking travel or ordering food, depriving app developers of ad revenue and eroding their relationship with customers.But Glenn Fogel, CEO of Booking Holdings, which generates more than $20 billion in revenue a year from travel bookings, says he isn’t sold on AI as the future of travel planning even... Read more ›
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The government wants Google to sell two of its advertising technology businesses as a remedy to a Virginia court’s April ruling that Google operates a monopoly in the buying and selling of advertising on independent websites. In a court filing late Monday night, the Department of Justice argued ... Read more ›
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Gummy supplement startup Grüns announced a new round of funding valuing the company at $500 million, confirming an earlier report from The Information. The share sale totaled $35 million and includes new investor Headline, a consumer-focused firm that has previously backed Bumble, Gopuff and ... Read more ›
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Microsoft on Tuesday unveiled new PCs from its Surface line that it says can run its AI “Copilot” features without an internet connection. The models are up to 20% cheaper than the last iteration of the AI-specialized Surface devices that Microsoft released last year, in part because they rely ... Read more ›
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Amazon has made it easier to purchase books through the Kindle iOS app, after a federal judge ordered Apple last week to let app developers offer ways to buy products outside of the iPhone maker’s app store. Customers that wanted to buy a Kindle book previously had to navigate themselves to the ... Read more ›
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Food company Wonder has raised $600 million from investors including NEA and Accel, CEO Marc Lore said on Tuesday, bringing its total money raised to more than $2 billion. Wonder plans to use the money to expand its operations beyond the New York metro area, including by opening more of its ... Read more ›
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OpenAI’s decision on Monday to change course on its corporate restructuring looks to be a smart business choice. OpenAI has avoided a possible protracted conflict with Delaware—whose attorney general oversees nonprofits registered in the state, like OpenAI and implied she had something to do with the about-face. And OpenAI contends the changes it is still making—converting the for-profit arm into a public benefit corporation and switching its shareholders’ profit-sharing units... Read more ›
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As the latest phase of the antitrust legal battle that could reshape Google’s business nears a conclusion, the tech giant seems likely to emerge battered but not broken up. Two weeks into a three-week trial meant to decide how Google should be overhauled to curb its search monopoly—which a judge found last August violated antitrust law—the judge, Amit Mehta, has signaled support for forcing Google to share its search data... Read more ›
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DoorDash finalized a deal to buy British restaurant meal and grocery delivery firm Deliveroo for 2.9 billion pounds, or $3.8 billion at current exchange rates, deepening the delivery firm’s European presence. At the same time, DoorDash announced a $1.2 billion purchase of software firm ... Read more ›
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A U.S. lawmaker plans to introduce new legislation to track the location of artificial intelligence chips, particularly those from Nvidia, Reuters reported. The initiative aims to address concerns that Nvidia’s chips, essential for developing advanced AI systems, continue to reach China on a ... Read more ›
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Ride-hailing platform Uber and Chinese robotaxi company WeRide are expanding their partnership to 15 more cities in the next five years, according to Uber. The two companies started a robotaxi service earlier this year in Abu Dhabi and have plans to launch later this year in Dubai. Uber has made ... Read more ›
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22.03.2026 17:32
Last update: 17:20 EDT.
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