U.K.-based cloud provider Nscale, whose announced customers include OpenAI and Microsoft, is in negotiations to acquire a massive AI data center site in West Virginia, The Information reported. Amazon, Meta and a cloud ally of Google have also expressed interest in the site. The site is ... Read more ›
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The Justice Department’s proposal that Google be forced to share its search data with rivals in order to restore search engine competition used a 2010 deal Google struck with Yahoo Japan as the “foundation” for the proposal, a lawyer for the DOJ said in court on Friday. Google has argued that ... Read more ›
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In summer 2021, Matt Scharf and some of his guy friends were playing a round of golf at a leafy course near Austin, Texas, when they arrived at the 14th hole, a 290-yard uphill par 4. Clad in a busy Hawaiian-print polo and a trucker hat, Scharf thwacked a drive straight down the fairway to the green, eliciting immediate whoops of “Dude!” and “Bro!” from his companions. A few moments... Read more ›
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Mozilla earned $570 million in revenue last year, 85% of which came from Google as a result of a deal Mozilla has to share ad revenue from Google search queries coming via Mozilla’s Firefox browser, the chief financial officer of the internet nonprofit testified on Friday. If Google were not ... Read more ›
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Google and Meta Platforms have signaled they’re not seeing much pullback by advertisers worried about the economy, but it’s likely to be a different story for TV networks and video-streaming services. TV ad sales executives and ad buyers say marketers are already indicating plans to cut back spending on entertainment and news programming by as much as 10% in the coming year. Sports programming is likely to withstand the downturn,... Read more ›
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Temu has discontinued its direct-from-China shipping model and now requires China-based merchants to fulfill orders on their own when selling to the U.S. market. The shift marks the online bargain seller’s latest attempt to keep its site stocked as sky-rocketing tariffs make it ... Read more ›
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The U.S. government is steadily tightening the noose on Nvidia’s sales to China. But the AI chip giant isn’t giving up on the market. Nvidia has told some of its biggest Chinese customers, including ByteDance, Alibaba Group and Tencent Holdings, that it is tweaking the design of its artificial intelligence chips so they can be sold to Chinese businesses without running afoul of U.S. export regulations, according to three people... Read more ›
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U.S. District Court Judge Yvonne Gonzalez Rogers, who is overseeing Elon Musk’s breach of charitable trust lawsuit against OpenAI, dismissed 11 of the 16 claims under consideration for a trial next March. The rejected claims included Musk’s argument that he had an explicit contract with OpenAI ... Read more ›
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Instacart said Thursday that revenue rose 9% to $897 million in the first quarter, boosted by higher orders and an acceleration in ad sales. The delivery company said gross transaction value for the first three months of the year rose 10% to $9.1 billion, slightly higher than the median of its ... Read more ›
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Airbnb reported its slowest revenue growth since the start of 2021 as economic uncertainty prompted travelers to pull back on spending in the first quarter, particularly in the U.S., the company said. Airbnb reported $2.3 billion in revenue, up 6% year over year, compared with 12% ... Read more ›
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What a buzzkill. After Wednesday’s robust results from Meta Platforms and Microsoft, sparking Thursday’s tech stock rally, we came down to earth with results from Apple and Amazon Thursday evening. The numbers were pretty much par for the course for two companies whose high-growth days are in the past—5% top-line growth for Apple and 9% for Amazon (details are here and here). But of course, the March quarter is ancient... Read more ›
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A lawyer for OpenAI has sent a letter to a group opposing the ChatGPT maker’s conversion to a for-profit structure, asking for a disclosure of its funding sources, according to a copy of the letter viewed by The Information. The group, the Coalition for AI Nonprofit Integrity, supported a ... Read more ›
0
It’s the startup equivalent of misplacing a winning lottery ticket. Former employees of Scale AI are being excluded from a planned share sale at a $25 billion valuation. “I just heard back from the stock admin. Former employees won’t be participating in the tender offer. rip,” one ex-employee wrote last month in a private Slack channel of former Scale workers. “So the only way is to re-join?” another person asked.I... Read more ›
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Reddit’s stock surged more than 20% in after hours trading, as the company reported 61% increase in revenue to $392.4 million. Still, this was a slowdown in growth from last quarter, where revenue grew 71% year over-year-year. Net income was $26.2 million, which compares to a loss in the first ... Read more ›
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The market value of the stablecoin launched by President Donald Trump’s World Liberty Financial crypto venture rose to $2.1 billion on Thursday from $130 million three days ago after a Middle East sovereign wealth fund used the token to pay for its investment in crypto exchange Binance. The ... Read more ›
0
Livestream shopping, while popular in Asia on apps like ByteDance-owned Douyin and Alibaba’s Taobao Live, has been hard for most U.S.-focused startups and creators to crack. Shoppers have been slow to grow comfortable buying stuff on livestreams, while retailers haven’t devoted much time and money to changing existing consumer habits. Whatnot is proving to be a major exception. The app, which started in 2019 as a way for users to... Read more ›
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Apple reported 5% higher revenue of $95.4 billion for the March quarter, thanks to a 2% lift in iPhone revenues and a 12% increase in services revenue. Apple’s net income rose 5% to $24.78 billion. Apple shares were trading down 2.5% in after-hours trading. The slight increase in the iPhone ... Read more ›
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Amazon reported largely steady results for the first quarter of 2025, including 9% overall revenue growth to $155.7 billion. The company also projected sales growth of 7% to 11% for the second quarter. Amazon’s first quarter North America sales, which include e-commerce but excludes Amazon Web ... Read more ›
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Roku is buying Frndly TV, a subscription video streaming service that offers live cable TV channels including A&E, Hallmark and Lifetime, for $185 million in cash. Roku said the move is in part to help drive “Roku-billed subscriptions” on its streaming TV operating system. The acquisition of ... Read more ›
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Microsoft is preparing to add Grok, the artificial intelligence model developed by Elon Musk’s xAI, as an option for customers of its Azure cloud computing platform, The Verge reported on Thursday. Microsoft did not immediately provide a comment. The move would further expand Microsoft’s ... Read more ›
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Artificial intelligence–assisted coding firms are some of the hottest startups in Silicon Valley right now, drawing attention from OpenAI, among others. Amazon Web Services sees an opportunity. AWS is working on its own AI-assisted coding service that offers features similar to those from startups Anysphere, which makes Cursor, and Windsurf, according to two people with direct knowledge of the matter. These include the ability to analyze developers’ code to understand... Read more ›
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19.03.2026 08:51
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