Forward, a startup that raised $400 million to operate artificial intelligence-powered “doctor in a box” healthcare stations, is shutting down effective Tuesday, according to a person close to the company. All of its nearly 200 employees will lose their jobs, the person said. The San Francisco startup, started in 2017 by former Google employee Adrian Aoun, wanted to make healthcare visits more accessible with staffed clinics and automatic services. It... Read more ›
113
Netflix has shut down one of its videogaming studios and laid off staff associated with it, a sign that at least part of its much-heralded effort to expand into gaming has run into problems. The blog Game File reported that Netflix had shut down a studio known as team Blue, laying off several ... Read more ›
0
Amazon is shutting down a service that offered same-day deliveries for bricks-and-mortar retailers like Office Depot and Petco, CNBC reported Tuesday. The service, called Amazon Today, used gig drivers, who would pick up orders from retail stores and deliver them to customers. The program, ... Read more ›
0
OpenAI has hired Aaron Chatterji, an ex-White House official and professor of business and public policy at Duke, as its first chief economist, the company said on Tuesday. Previously, Chatterji was the chief economist at the Commerce Department under President Joe Biden and a senior economist ... Read more ›
0
Model developer Anthropic announced on Tuesday new software that people can instruct to complete tasks on their computers for them, like building websites and editing spreadsheets. The new capability, coined “computer use,” is available in beta, the company said in a blog post. Anthropic also ... Read more ›
0
Shein’s march toward an initial public offering has gotten tangled in a web of regulatory scrutiny on three continents this year. Now, as its executives try to restart IPO talks, executives at the fast fashion retailer face another problem: having to explain a first-half slump in the business. The company’s revenue growth decelerated to 23% in the first half of this year, from 40% last year, two people with direct... Read more ›
30
Wayfair announced Tuesday it would launch a subscription membership with free shipping and other benefits as the e-commerce site looks to encourage repeat purchases and grow sales of home goods besides furniture. The subscription will cost $29 per year, and includes 5% in store credits on all ... Read more ›
0
Walmart plans to start offering same-day pharmacy deliveries in 49 U.S. states, the retail giant said Tuesday. The announcement comes shortly after Amazon announced an expansion of its own same-day pharmacy delivery service. Walmart is already offering same-day prescription deliveries in six ... Read more ›
0
Attention: AI startups. What’s the best way to sell your company without the prying eyes of antitrust regulators? Make yourself so small you won’t attract attention!We’re serious, kind of. We’re hearing that a lesser-known loophole to the rules determining when companies have to notify antitrust regulators about an acquisition is based on the size of a company’s net assets or sales. To sum it up, if it’s below $23.9 million,... Read more ›
0
As Amazon prepares to launch a new low-price storefront to combat Temu, it’s imposing severe price caps on what merchants can charge for their wares on the outlet, including an $8 limit for jewelry, $9 for bedding sets, $13 for guitars and $20 for sofas, according to messages from Amazon to merchants seen by The Information. The price caps ensure that Amazon’s new storefront site is competitive with the bargain-basement... Read more ›
0
U.S. rules that would limit certain U.S. investments in China in sensitive technology areas such as artificial intelligence are now going through a final regulatory review, according to a posting on the U.S. government’s website. Read more ›
0
The race to develop physical robots powered by artificial intelligence is on again, despite the industry’s track record of failures—and the threat that OpenAI, which has dominated advances in conversational AI, will become a bigger rival. Physical Intelligence, a startup developing software for robots that could work in a range of industries, has told investors it wants to raise $300 million at a valuation around $2 billion, according to two... Read more ›
3
Crypto is so back, baby! Payments firm Stripe confirmed that today with its deal—reportedly $1.1 billion—to buy Bridge, a startup that helps companies make payments using stablecoin (a type of cryptocurrency backed by dollars and other traditional currencies). Given that Bridge’s revenue may be around $12 million, as The Information estimated today, Stripe appears to be paying a massive price—reminiscent of crypto’s halcyon pre-2022 days.But times have changed, and not... Read more ›
0
Crypto fans have argued for years that blockchain technology could speed up global payments and make them cheaper. Now payments giant Stripe is making a more than $1 billion bet on that finally becoming a reality—and the crypto industry is rejoicing. Stripe announced on Monday that it had agreed to acquire Bridge, a two-and-a-half-year-old San Francisco–based startup focused on payments using stablecoins, a type of crypto pegged to a traditional... Read more ›
2
Meta’s Ray-Ban smart glasses are the best-seller in 60% of the Ray-Ban stores in Europe, EssilorLuxottica CFO Stefano Grassi said on Monday, a sign of how popular the smart-glasses have become. EssilorLuxottica, a global eyewear giant and owner of the Ray-Ban brand, is Meta’s ... Read more ›
0
News Corp. on Monday sued artificial intelligence search startup Perplexity for allegedly “engaging in a massive amount of illegal copying of publishers’ copyrighted works and diverting customers and critical revenues away from those copyright holders,” according to the lawsuit. The plaintiffs ... Read more ›
68
Gopuff fired its chief technology officer on Friday several months after he was arrested on a felony battery charge for allegedly assaulting his longtime romantic partner, according to an internal company email and public records. Sreekant Kotay, who goes by Sree, was arrested in Broward County, Fla., on June 25 and charged with battery and possession of methamphetamine and cocaine, according to police records. He has pleaded not guilty to... Read more ›
1
Walt Disney Co. named former Morgan Stanley CEO Jim Gorman as its new chairman, effective Jan. 2, succeeding Nike chairman Mark Parker. Disney also said it expected to announce a new CEO, succeeding Bob Iger, in early 2026. Gorman’s appointment demonstrates his growing influence at ... Read more ›
0
A rare piece of OpenAI personnel news: a leader coming back to the company rather than leaving.Senior leaders expect Greg Brockman, co-founder and president, to return to OpenAI in the next month or so, following a sabbatical that started in August. While Brockman had said he would return at the end of the year, his decision to take a break had sparked speculation that he might not return. And as... Read more ›
2
For more than two decades, Wells Fargo was a juggernaut in a behind-the-scenes business that supported some of the biggest payments companies in the world. The bank’s abrupt exit from that market this year has left a major hole. Block’s Square, for instance, is still hunting for a replacement for Wells Fargo to work on credit card transactions, according to people familiar with the relationship. Square also works with JPMorgan... Read more ›
4
Perplexity, an AI search startup, is discussing fundraising that would more than double its valuation to $8 billion, the latest indication that investor enthusiasm for AI is far from waning. Perplexity has been on a hot streak this year: It has already raised two other funding rounds in 2024— ... Read more ›
0
Most popular sources
Business Insider
|
38% 7 |
Tom's Hardware
|
11% 6 |
Gizmodo
|
9% 4 |
Mashable
|
8% 7 |
The Verge
|
5% 6 |
| View sources » | |
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24.11.2024 08:43
Last update: 08:36 EDT.
News rating updated: 15:34.
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