And then there were three. General Motors’ decision to abandon its Cruise self-driving–car unit’s efforts in the robotaxi market on Tuesday is good news for Alphabet’s Waymo, already the market leader, and helpful for Tesla, which has ambitions in the market. (Let’s not forget Amazon, which is testing its Zoox robotaxis in San Francisco as well.) GM’s decision is a reminder of the brutally high costs of developing this technology,... Read more ›
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California State Teachers Retirement System said its investment in Tiger Global Management’s landmark venture fund raised in 2021 had lost money on paper for the plan as of June 2024. Other funds raised during the peak of the low-interest rate period, including from NEA and TCV, also lost money ... Read more ›
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President-elect Donald Trump on Tuesday said he would appoint Andrew Ferguson as chair of the Federal Trade Commission, which has been overseeing antitrust probes or cases involving Meta Platforms, Amazon and Microsoft. Ferguson, one of two Republicans currently serving on the five-person FTC ... Read more ›
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Google recently asked the U.S. government to break up Microsoft’s exclusive agreement to host OpenAI’s technology on its cloud servers, according to a person who has been directly involved in the effort. The conversation took place after the Federal Trade Commission, one of the primary federal antitrust enforcement agencies, asked Google about Microsoft’s business practices as part of a broader investigation, this person said. Firms that compete with Microsoft in... Read more ›
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The big venture-backed initial public offering this week is a bit like meat and potatoes—it’s filling but not all that exciting. ServiceTitan, the Bessemer and Battery Ventures-backed software seller to electricians and plumbers, is expected to price its IPO Wednesday and begin trading on Nasdaq on Thursday with a market capitalization somewhere about $6 billion. Another near-future listing will be more like a fatty smashburger hyped by TikTok foodies. CoreWeave,... Read more ›
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General Motors said it would halt development of Cruise robotaxis amid increased competition and following some well-publicized missteps. GM said it would merge the Cruise technical team into a broader corporate effort to advance autonomous and assisted driving. The company said it would build ... Read more ›
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Earlier this year, billionaire Frank McCourt hosted a dinner in Malibu, Calif. with more than a dozen TikTok creators to tell them about his proposal to buy the short-form video app. The aim of the dinner was to feel out with creators whether the bid was “on the right track,” McCourt said in an interview. Read more ›
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Ex-Amazon consumer chief Dave Clark’s supply chain software startup, Auger, is open to spending some of the $100 million it raised from Oak HC/FT to make acquisitions in the coming months, Clark said in an interview. Clark didn’t name specific companies, but said there were supply chain startups ... Read more ›
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Amazon is testing a service in India that will offer deliveries of goods like groceries and household items in 15 minutes, the company said Tuesday. The move puts Amazon in competition with other rapid delivery services from companies like SoftBank-backed Swiggy, which went public last month and ... Read more ›
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OpenAI on Monday gave us a deeper look into the software suppliers it works with, specifically those that touch customer data at some point. The list, which includes everyone from Microsoft to Cloudflare to a few smaller and less well known firms, reveals a lot about the enterprise tech stack of one of the most sophisticated and well-funded Silicon Valley startups.Specifically, it identifies the suppliers OpenAI trusts for web security,... Read more ›
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To many in tech, Google is the big, bad tech giant that monopolizes search and dominates the web browser market. To others, though, particularly in the independent browser world, Google is like a generous parent—and those browsers don’t want the antitrust verdict against it to change things. Many browsers rely on Google, either for its engineering investment in the open-source software underlying Chrome, which they also use, or on Google’s... Read more ›
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Investors may need to rethink the valuation they’re putting on Nvidia. Shares of the artificial intelligence chipmaker fell 2.5% on Monday after Chinese regulators revealed they had opened an investigation into whether Nvidia broke anti-monopoly laws there. Details of the probe are described here. Suffice it to say this could well be one of China’s responses to the U.S. gradually tightening restrictions on sales of advanced chips to China (and... Read more ›
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Luigi Mangione, the suspect in the murder of UnitedHealthcare CEO Brian Thompson, previously worked as a data engineer at an online auto marketplace and graduated from the University of Pennsylvania with degrees in computer science, according to his LinkedIn profile. Police arrested Mangione on ... Read more ›
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Enterprise software giant Oracle increased revenue 9% in the December quarter, the high end of the guidance executives had outlined on its previous-quarter earnings call. Revenue from Oracle’s cloud computing unit, which includes the service that helps customers train and run AI models, rose 24% ... Read more ›
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A Nevada commissioner ruled against Rupert Murdoch’s efforts to change his family’s trust to give his oldest son, Lachlan, control over his media empire after his death, according to The New York Times. The commissioner’s recommendation will now go to the Probate Court in the state, where a ... Read more ›
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Google on Monday unveiled a new quantum computing chip that it says can overcome a common challenge hindering the technology. Google said a recent breakthrough, which it published in the journal Nature, involved making quantum bits, or qubits, less prone to errors. When more of them are added to ... Read more ›
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OpenAI is making its video-generating AI model, Sora, available to people in the U.S. and some other countries on Monday, nine months after the software was first teased. ChatGPT Plus users will be able to generate 50 videos per month, while ChatGPT Pro users will be able to generate up to 500 ... Read more ›
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Comcast and Warner Bros. Discovery have announced a new multi-year TV and streaming distribution deal which includes the ability for Comcast-owned cable TV operator Sky to bundle an ad-supported version of the Max streaming service when it finally launches in the U.K. in early 2026. Sky had ... Read more ›
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TikTok on Monday asked a federal court for a temporary injunction to prevent the app from being banned in the U.S. early next year as it appeals the case to the Supreme Court. On Friday, the U.S. Court of Appeals for the D.C. Circuit unanimously upheld a U.S. law forcing a ban of TikTok on ... Read more ›
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Big news! I’m hearing that an updated version of OpenAI’s video generation model, Sora, is coming this week. This is likely the culmination of the work the company has been doing to train a new version of the model that can quickly generate clips that are higher in quality and longer than the ones it demonstrated earlier this year, as we reported in September. That’s bad news for video AI... Read more ›
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6% 0 |
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13.11.2025 13:51
Last update: 13:45 EDT.
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