Snap is one of the first social media companies to report results, giving investors an early feel for how these advertising-supported businesses are faring. If itâs any guide, the future view was glum, overshadowing gains the company has made with video and subscriptions. The Snapchat parent company said Tuesday it couldnât provide financial guidance for the second quarter due to uncertain âmacro economic conditionsâ which could hurt demand for advertising.... Read more âș
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My ears perked up Monday when I heard the words âunparalleled capital implosion.â That came from venture capitalist Eric Vishria, who unspooled some of his anxieties about the current artificial intelligence funding boom at our âFinancing the AI Revolutionâ conference. For more than a decade, Vishria has helped VC firm Benchmark navigate the latest tech booms and busts. He drew a contrast between the funding boom for AI and the... Read more âș
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A senior Google cybersecurity executive testified on Tuesday that forcing Google to share data or spin off its Chrome browser, as the Department of Justice has proposed as the remedies for Googleâs illegal search monopoly, would jeopardize user security on those products. Google is seeking a ... Read more âș
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Snap revenue rose 14% to $1.36 billion during the first three months of the year, but the company said it couldnât provide financial guidance for the second quarter due to uncertain âmacro economic conditionsâ which could hurt demand for advertising. âWhile our topline revenue has continued to ... Read more âș
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Itâs common nowadays for founders of hot startups to hold special shares that give them more voting power than most investors. But Mira Murati, a former OpenAI chief technology officer who is now a founder and the CEO of artificial intelligence startup Thinking Machines Lab, may exert an unusual level of control even by those standards. Murati has told potential investors the startup is close to raising $2 billion, at... Read more âș
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Thrive Capital announced a new vehicle called Thrive Holdings, aimed at âinvesting in, acquiring, and operating businesses for the long term,â said the New York venture firmâs founder Joshua Kushner in an X post. The investment vehicle is aimed at starting and acquiring companies that could gain ... Read more âș
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United Parcel Service plans to cut about 20,000 jobs and close 73 facilities as the U.S. delivery firm handles fewer packages for Amazon, the company said Tuesday. The cuts, which represent about 4% of UPSâs workforce, are part of a plan to respond to âlower volumes from our largest customer,â ... Read more âș
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Snowflake and other enterprise software firms whose success predates the rise of ChatGPT are trying to recast themselves as artificial intelligence companies. Theyâll have to persuade corporate customers to choose their offerings in what has become a very crowded field. The pressure is particularly acute for Snowflake CEO Sridhar Ramaswamy, who took the reins of the data analytics firm just over a year ago to turbocharge its AI efforts. To... Read more âș
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Meta Platforms announced an application programming interface for developers to access and use its large language model Llama at its LlamaCon developer conference on Thursday. The Information previously reported that Meta was working on a business API. Llama API could help Meta more effectively ... Read more âș
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Businesses looking to expand their internal use of artificial intelligence from a select few testers to a large number of workers are hypersensitive to increased costs. Over the last couple of years, that has meant many of their AI projects have never made it out of the pilot phase.Veolia, a 220,000-person provider of water treatment, waste management and energy services, seems to have found a middle ground. While the company,... Read more âș
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Mastercard announced on Tuesday a set of tools to make it easier for artificial intelligence agents to handle card payments and make purchases on behalf of users, a move that comes as AI companies tout online shopping as a key area where agents can automate tasks. The initiative, Mastercard ... Read more âș
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Meta Platforms on Tuesday released a standalone smartphone app for its Meta AI assistant. The new app is a modified version of its Meta View app, which owners of its Ray-Ban smart glasses used to manage the device. It gives Metaâs AI assistant more ways to reach people, putting it on par with AI ... Read more âș
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Before we get into todayâs column, Iâd like to give a big thank you to all our subscribers who joined us at our âFinancing the AI Revolutionâ conference yesterday. It was amazing to get to meet so many of you.One of the most interesting discussions for me came during our panel on how private and public investors are thinking about investing in AI, which featured Atreides Managementâs Gavin Baker and... Read more âș
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President Donald Trumpâs press secretary responded to a Punchbowl News report on Tuesday that Amazon would start showing shoppers how much an itemâs costs come from tariffs, calling such a move a âhostile and political actâ by the company. The blowback highlights the challenges ... Read more âș
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Investing in artificial intelligence can be a tricky business. Itâs the time of âpeak ambiguity when it comes to AI,â said Hemant Taneja, CEO of venture capital firm General Catalyst. âNone of us really know what the worldâs going to look like in some ways.â Investors face uncertainties about which startups endure, which piece of AI technology generates the most money and how much businesses are willing to spend on... Read more âș
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Spotify reported 15% growth in revenue to 4.2 billion euros, driven by its premium subscription business. Advertising revenue grew 8%, although excluding the impact of foreign exchange changes, growth in advertising was just 5%. Spotify said pricing in podcast ad inventory was soft. The quarter ... Read more âș
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Alibaba Group on Tuesday released Qwen 3, a new generation of its open-source artificial intelligence foundation models. The company said the largest one among the new models outperforms competitorsâ popular existing models like DeepSeekâs R1 and OpenAIâs o1 based on multiple industry benchmarks ... Read more âș
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Amazonâs efforts to compete with SpaceXâs Starlink satellite internet service finally got off the ground. On Monday afternoon, 27 satellites for the Amazon service, known as Project Kuiper, launched from Cape Canaveral, Florida, aboard an Atlas V rocket operated by United Launch Alliance. In ... Read more âș
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Group chats are definitely having a moment. First, there were the headlines about how Pete Hegseth, the U.S. Secretary of Defense, had participated in private Signal discussion groups with Trump administration officials and family members in which he reportedly discussed upcoming U.S. military operations. Then, on Sunday, Ben Smith at Semafor published a riveting story about the group chats on WhatsApp and Signal where Silicon Valley elite, including right-leaning figures... Read more âș
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A group of Wall Street banks sold the final tranches of debt it lent Elon Musk in 2022 for his takeover of Twitter, now called X, The Wall Street Journal reported. The $1.2 billion sale marks the end of a long-running headache for the banking syndicate that lent a total of $13 billion to Musk. ... Read more âș
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15.05.2026 07:56
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