Worship at Epic Church in downtown San Francisco last Sunday began in a darkened room, on the second floor of a former factory building. The shades were drawn across the tall windows, while colored lights cast a theatrical glow on a band that sounded a bit like Arcade Fire—if Arcade Fire made worship music. A mostly millennial congregation swayed to the harmony, a sea of Apple Watch–clad arms raised to... Read more ›
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A judge in California ruled that a former engineering manager for TikTok’s parent ByteDance, who alleged in 2022 the company had operated as a “useful propaganda tool” for the Chinese Communist Party, had “engaged in serious, bad faith conduct that has abused the judicial process.” The judge, ... Read more ›
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Direct-to-consumer retailers burned by higher digital ad prices over the past three years have grown desperate to reduce their dependency on Meta Platforms. So this fall, when mobile game giant AppLovin started letting retail brands buy ads that run within games like Legend of Slime and Sushi Roll 3D, the results seemed almost too good to be true. Marketing firm Haus, which works with brands including Athletic Greens, Jones Road... Read more ›
4
Runway, which develops artificial intelligence to enable customers to generate and edit video, expects to reach $84 million in annualized revenue this month, up from $28 million in June, according to a person who has seen the startup’s financial information. It expects annualized revenue to ... Read more ›
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The U.S. Department of Justice late Wednesday asked a federal appeals court to reject TikTok’s request for an injunction to halt a law that would ban the U.S. version of the app if it doesn’t find a buyer. The Justice Department argued that the Supreme Court should review the request, not the ... Read more ›
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Timing is everything. ServiceTitan, a smallish tech firm that specializes in selling software for plumbers, roofers and other tradespeople, demonstrated that on Thursday when its shares debuted on the public markets at $101 apiece, a 42% premium to its IPO price of $71. That translates to a market capitalization of about $9 billion, which is not too far from the $9.5 billion valuation at which it raised funds during the... Read more ›
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The list of venture capitalists and Silicon Valley insiders joining the next presidential administration is growing. Just this week, President-elect Donald Trump named Jacob Helberg, an adviser to Palantir Technologies and husband to Keith Rabois, a Khosla Ventures managing director, as a top economic policy and trade official. Helberg follows Craft Ventures co-founder David Sacks and, of course, Elon Musk to roles in the new administration. My bet is that... Read more ›
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Amazon is planning to donate $1 million to President-elect Donald Trump’s inauguration fund, the Wall Street Journal reported Thursday. Jeff Bezos, the founder and chairman of the company, is also expected to meet Trump next week. Bezos’ donation and meeting are the latest moves in a string of ... Read more ›
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Google Search challenger Perplexity AI recently projected it will more than double its annualized revenue in 2025 to $127 million, implying it would be generating $10.5 million per month, according to three people who have seen the projections. Perplexity also projected it would quintuple annualized revenue to $656 million by the end of the following year as it tries to lure millions of people to pay for its search service,... Read more ›
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Broadcom CEO Hock Tan said Thursday the company’s artificial intelligence chip and networking business, which includes designing chips for companies including Google, OpenAI and Apple, could generate tens of billions of dollars in revenue in the fiscal year that ends in November 2027. That ... Read more ›
0
Google has unveiled a new operating system for augmented and virtual reality devices, along with a new headset it has developed with Samsung, as it accelerates its efforts to get into the AR and VR market. Google’s strategy with XR, as the collective technologies are known, is to focus on ... Read more ›
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With the Grammys on the horizon, let’s talk about the growing number of startups that are using generative AI to make music. There’s been a wave of investor and founder interest in this technology. But creating music from other music faces major copyright risk. Already, companies including Universal Music Group, Sony Music Entertainment and Warner Records have sued startups Udio and Suno, alleging they infringed copyrighted songs to train their... Read more ›
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ServiceTitan, which sells software to plumbers, roofers and other tradespeople, ended its first day of trading as a public company with a 42% lift in its stock price to $101, compared with its IPO price of $71. The robust opening day reflected both a recent rally in small software firms and an ... Read more ›
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Former Activision Blizzard CEO Bobby Kotick remains interested in buying TikTok, said people familiar with Kotick’s thinking, but he is expected to wait until Donald Trump takes office before moving ahead with an offer. Barring a last minute court intervention, TikTok has until Jan. 19 to sever its ties with its Chinese parent ByteDance or be banned, under a law passed earlier this year. Donald Trump takes office on Jan.... Read more ›
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Google CEO Sundar Pichai is expected to fly to the Mar-a-Lago Club in Palm Beach, Fla., Thursday to meet with President-elect Donald Trump, according to a person briefed on the plans. The meeting comes as Trump has signaled a desire to crack down on Google and other big tech companies that he has claimed are biased against him and conservatives, although Trump has softened his stance on Google in recent... Read more ›
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Crusoe, which develops data centers for artificial intelligence developers such as OpenAI, raised $600 million in a deal led by Founders Fund, confirming The Information’s prior reporting about the fund’s involvement. Nvidia, Fidelity, Long Journey Ventures and Valor Equity also participated in ... Read more ›
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Brian Quintenz, the head of policy at Andreessen Horowitz’s digital asset arm a16z crypto, has emerged as a top contender to be Commodity Futures Trading Commission chair under President-elect Donald Trump, Bloomberg reported. Quintenz, a former CFTC commissioner, has been interviewed for the ... Read more ›
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YouTube TV is hiking its prices up by $10 per month, demonstrating that even for customers of newer, streaming-based cable TV-like services, paying for cable remains an expensive option. YouTube said the price of the base plan for YouTube TV will go up to $82.99 per month, effective immediately ... Read more ›
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President-elect Donald Trump said he plans to meet with Jeff Bezos next week. “Jeff Bezos is coming up next week,” Trump said on CNBC after ringing the bell at the New York Stock Exchange Thursday morning. Earlier in December, the Amazon and Blue Origin founder said he was “very optimistic” ... Read more ›
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Initial public offerings were once about financing a tech company’s future hopes and dreams. More and more, however, IPOs are about looking backward—paying down debt or allowing early backers to sell some of their shares. Take ServiceTitan, which makes business software for tradespeople and is set to go public Thursday on the Nasdaq. The company plans to use around half of the about $625 million it is raising to repay... Read more ›
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13.11.2025 11:42
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