Happy AI Agenda Live day! I’m so excited to see many of you at our event later today, where we’ll hear from executives at top AI firms like Anthropic and Google as well as venture capitalists and founders on what research breakthroughs are coming and where to invest.One topic we’ll be sure to broach is the growing pressure chief financial officers are putting on their colleagues to start showing a... Read more ›
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The seemingly mundane world of human resources management startups is not the place you’d expect to see cutthroat corporate blood sport, battles linked to global geopolitics, and questions about whether companies took on the wrong customers to boost growth. But Deel and Rippling are hardly ordinary startups. Their feud spilled into open view earlier this year in a Florida courtroom. A court-appointed receiver to a fraudulent investment scheme accused Deel... Read more ›
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Warner Bros. Discovery’s direct-to-consumer segment, which includes its Max and Discovery+ streaming services as well as the traditional HBO network, continues to grow but was unable to offset the ongoing decline in the company’s traditional TV business during the fourth quarter of ... Read more ›
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Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, is in talks with potential investors to raise roughly $1 billion in funding, according to a person with knowledge of the fundraising talks. The company is currently not generating revenue, according to the same person. A ... Read more ›
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At a splashy media event in Manhattan today, I watched Amazon CEO Andy Jassy and other executives of the company unveil a long-awaited revamp of Alexa, meant to be a chattier, more helpful and more personalized version of the voice assistant. They demonstrated how to use Alexa+, as the updated version is dubbed, to order groceries from Amazon Fresh, book a lunch reservation through OpenTable and control smart home features.... Read more ›
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Elon Musk attended Donald Trump’s first cabinet meeting Wednesday, telling the room that his Department of Government Efficiency group, which is leading cost-cutting efforts across the federal workforce, was going to “make mistakes.” Addressing questions about his demand at the ... Read more ›
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Snowflake shares rose more than 11% after the database provider said its revenue grew 27% to nearly $987 million in its January quarter, which exceeded the high end of its forecast by more than $30 million. The results show that investors think Snowflake is well-positioned to benefit as more ... Read more ›
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There’s been a lot written about how U.S. creators will handle a potential TikTok shutdown in the U.S. But TikTokers in other countries such as the United Kingdom also stand to lose—and some are already finding it’s harder to close advertising deals. U.K. creators have sizable portions of their TikTok audiences in the U.S., with estimates ranging from 20% to more than 40%, British talent managers told me on a... Read more ›
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Snowflake Chief Financial Officer Michael Scarpelli is stepping down, following his longtime colleague Frank Slootman out the door. Scarpelli had joined the database provider in 2019 from ServiceNow, shortly after Slootman became CEO, also from ServiceNow. Slootman left a year ago, succeeded by ... Read more ›
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Salesforce on Wednesday said revenue rose 8% to $10 billion in the January quarter, mirroring the growth it posted in the prior two fiscal quarters. The result highlights the challenges facing the enterprise software vendor as it reorients its business around selling artificial intelligence. ... Read more ›
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Instagram is considering launching a stand-alone app for its short-form–video feature, Reels, Instagram chief Adam Mosseri told staff this week, according to a person who heard the remarks. Such an app would be similar to the TikTok experience of scrolling through videos, and would be Instagram’s most aggressive move so far to take advantage of its Chinese-owned rival’s uncertain position in the U.S. Instagram’s efforts to take on TikTok are... Read more ›
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Nvidia on Wednesday said revenue rose 78% year-over-year to $39.3 billion in the quarter ending in January, continuing a streak of more than two years of beating its own revenue growth projections. The company had projected 70% growth for the quarter three months ago and on Wednesday forecast ... Read more ›
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Paramount Global’s streaming business posted an adjusted loss of $286 million during the fourth quarter of 2024, after it had eked out a profit the prior two quarters. Revenue for this segment, which includes the Paramount+ and Pluto TV streaming services, grew 8% year over year to $2 billion. ... Read more ›
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Database provider Snowflake recently talked with OpenAI about a deal that would let Snowflake customers access OpenAI’s artificial intelligence directly, possibly without needing to use an application programming interface from OpenAI or its cloud provider Microsoft, according to a Snowflake ... Read more ›
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Shares of mobile gaming ad firm AppLovin fell 15% on Wednesday after two short-selling firms published detailed reports slamming the sustainability of the company’s surging ad business which lifted the stock 712% last year. The high flying stock has now fallen 38% in the past two weeks and is ... Read more ›
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Amazon unveiled the long-awaited new version of its Alexa voice assistant on Wednesday. The new version of Alexa, which will gradually roll out to consumers beginning in March, is more conversational than its predecessor and can accomplish more tasks, Amazon executives said. The new version of ... Read more ›
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Many startups that sell cloud-based software to companies are struggling with the aftermath of the pandemic’s low-interest-rate period, which encouraged businesses to spend more on tools to help employees work remotely and investors to pour tens of billions of dollars into these startups. Now dozens of them face dwindling choices. They are growing too slowly to be good candidates for initial public offerings, at least for the next few years.... Read more ›
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Jeff Bezos has ordered a revamping of the Washington Post’s opinion pages to write “in support and defense of two pillars: personal liberties and free markets.” Viewpoints opposing those pillars won’t be published, he said in a post on X on Wednesday morning. As a result of the switch, the Post’ ... Read more ›
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Before we get into today’s column, leaders at OpenAI have told some employees that GPT-4.5—the model known internally as Orion—will be released this week, according to a person with knowledge of the conversations.Don’t get too excited though. A person who’s tested the model told us that its performance on certain tasks have been mixed; for instance, Anthropic’s recently-released Claude 3.7 Sonnet beats it on certain benchmarks, the person said.Perhaps we... Read more ›
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Cloud and chip executives have predicted for two years that Nvidia’s dominance in artificial intelligence server chips would crater, but that hasn’t come to pass. Yet Rene Haas, CEO of Arm Holdings, whose chip designs power part of Nvidia’s systems as well as those of major competitors, feels comfortable saying it’s only a matter of time before sales of other AI chips grow meaningfully as well. Read more ›
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