E-commerce veteran Marc Lore hasn’t been shy about his food delivery startup’s IPO aspirations. In recent months, he has written on the whiteboards in Wonder’s Midtown Manhattan office the date when it should be IPO-ready: March 31, 2027, according to a person close to the company.First, however, the company will try to tap private investors once more. The eight-year-old owner of restaurant delivery service Grubhub and meal kit service Blue... Read more ›
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Netflix reported 16% higher revenue of $12.25 billion in the first quarter, slightly above its projections, and revealed that founder and former CEO Reed Hastings would leave the board this spring. Hastings had stepped down as CEO three years ago, becoming executive chairman, although ... Read more ›
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Microsoft has so far seen mixed results in its efforts to sell AI-powered products to businesses, with only around 3% of its Office 365 users paying to use 365 Copilot as of the end of last year. But a seemingly niche AI product released last fall by its subsidiary LinkedIn has taken off as a surprise hit. And I’m told that leaders elsewhere at Microsoft are now taking note. Read more ›
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Meta Platforms is raising prices for its virtual reality headsets by $50 to $100 each, citing rising global memory chip costs. The company said Thursday in a blog post that its Meta Quest 3S, first released in 2024, will now cost $349.99 for the 128GB model and $449.99 for the 256GB model—both ... Read more ›
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SpaceX subsidiary xAI will rent computing power from its data centers to the coding startup Cursor, Business Insider reported. Cursor plans to use tens of thousands of xAI’s chips to train its latest AI coding model, according to the report. The arrangement could help SpaceX, which acquired xAI ... Read more ›
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Earlier this week, Google DeepMind released Gemini Robotics-ER-1.6, a new vision and language model to help robots make sense of their surroundings. To show off its capabilities, Boston Dynamics—which has an agreement to use Gemini in its humanoid robots—published a video of its robot dogs using the model to read a thermometer during an inspection of an industrial facility.Despite the eye-catching demos, Google’s new robotics model only notched incremental gains... Read more ›
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Google is negotiating an agreement with the Department of Defense that would allow the Pentagon to deploy Google’s Gemini AI models in classified settings, according to two people with direct knowledge of the discussions. If the two parties come to an agreement, it would expand Google’s connection to the Pentagon as a tech contractor and represent a significant reversal from the company’s past stance on working with the military. The... Read more ›
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Taiwan Semiconductor Manufacturing Company on Thursday expects revenue to grow by more than 30% this year, raising its outlook from the forecast it gave in January, as demand for AI chips continues to surge and outruns supply. TSMC, which manufactures the majority of the world’s most advanced ... Read more ›
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Taiwan Semiconductor Manufacturing Company on Thursday expects revenue to grow by more than 30% this year, raising its outlook from the forecast it gave in January, as demand for AI chips continues to surge and outruns supply. TSMC, which manufactures the majority of the world’s most advanced ... Read more ›
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AI really is transforming the world! The latest example: Dying shoemaker Allbirds is turning itself into an AI chip firm called NewBird AI. Its stock rocketed 600% in response. But before we dig into that bizarre story, we should highlight what may be today’s more meaningful news: Anthropic executive Mike Krieger’s departure from the board of Figma.This might be what you’d call Figma’s Apple moment. For young folks, we’re talking... Read more ›
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OpenAI has told some advertisers that it will allow them to run ChatGPT ad campaigns that charge advertisers based on the number of clicks their ads get within the coming days, The Information reported Wednesday. The company would offer that new pricing model alongside its existing ads that ... Read more ›
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Venture firm Accel said Wednesday it had raised $5 billion in new funds for late stage investing. The new money will give it more firepower to invest in AI startups and double down on companies it has already backed. “AI has collapsed the distance between having an idea and scaling it, ... Read more ›
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Billionaire crypto entrepreneur Justin Sun, a prominent investor in crypto projects launched by President Donald Trump and his family, on Wednesday labelled a proposal by one of those projects–that would lock up trading of a key token owned by investors–a “scam.” World Liberty Financial, a ... Read more ›
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Apple is sending a portion of its Siri programmers back to coding school just two months before the company is expected to unveil a major, AI-powered revamp of the voice assistant, people familiar with the team said. The company plans to send a significant chunk of people working on Siri—a group that totals in the hundreds—to a multi-week bootcamp to learn to code using AI, according to the people. The... Read more ›
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Shoppers using AI are seeking refunds and disputing credit card charges at an elevated rate, highlighting the financial risks of AI-powered shopping, according to Carlo Bruno, vice president of product at payments firm Adyen. Companies must figure out how to handle that risk before AI can reliably tackle online purchases, Bruno said. The technology hasn’t had a “big bang” moment yet, Bruno said. “Everyone is thinking of agentic commerce as... Read more ›
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Meta Platforms is reorganizing its hardware division, Reality Labs, in a bid to “adapt and execute faster.” In a memo distributed to employees on Tuesday and seen by The Information, Maher Saba, who leads the company’s newly formed Applied AI Engineering division, outlined a shake-up of Reality ... Read more ›
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Please join The Information at the New York Stock Exchange on Monday, April 27, for our “Financing the AI Revolution” forum. Hear from top executives and investors on how the rapid build-out of AI is reshaping tech, finance and capital markets. Learn more here.SpaceX’s financial challenges have become clearer in the past week, thanks to new reporting from my colleague Cory Weinberg. Last week, he broke news on SpaceX’s nearly... Read more ›
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China’s AI startup founders are jittery. The Chinese government’s investigation of Manus’ sale to Meta Platforms has cast a shadow over a popular exit path for startup founders. And it has caused some startups to consider moving out of China or to shift some operations to Singapore.While some AI startups are happy to stay in China, relying on venture capital funding from China and Asia, those with ambitions to sell... Read more ›
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Shoe maker Allbirds is pivoting—into AI chips. Weeks after announcing plans to sell its shoemaking assets to a fashion brand firm American Exchange Group for $39 million, Allbirds said it wants to turn itself into an AI chip-service firm—buying and renting out the valuable AI hardware. To ... Read more ›
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OpenAI plans to start pricing some ChatGPT ads based on whether people click on the ads rather than just how many people see them, an agency executive who spoke with OpenAI employees and works with ChatGPT advertisers said. At the same time, OpenAI has also indicated it plans to introduce ads aimed at getting people to take a specific action, like making a purchase or downloading an app, the agency... Read more ›
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20.04.2026 03:29
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