Forward, a startup that raised $400 million to operate artificial intelligence-powered âdoctor in a boxâ 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 âș
113
PDD Holdings said its revenue grew 44% year-on-year to $14.16 billion in the September quarter, a sharp slowdown from an 86% increase the same period a year earlier. The China-founded Temu parent company cited âintensified competition and ongoing external challengesâ as a reason for the slowing ... Read more âș
0
Thereâs a lot of excitement around artificial intelligence disrupting search. Consumers and businesses increasingly use AI tools in lieu of traditional search engines such as Google. OpenAI has added search features to ChatGPT, Meta Platforms is crawling and indexing the web for its Meta AI chatbot and the AI search startup Perplexity is nearing a $9 billion valuation. A host of other AI companies provide information about current events in... Read more âș
13
This isnât the year to be in marketing software. Companiesâ marketing spending as a percentage of sales is at a five-year low, according to data from Gartner. That has hurt big software companies like Salesforce and Adobe, which get a chunk of revenue from selling marketing tools. Itâs also hurt smaller marketing software firms such as Braze, whose shares have fallen roughly 30% so far this year. But investors are... Read more âș
0
Alibaba Group is placing all of its e-commerce businesses, both domestic and international, under one umbrella overseen by a single executive, according to a person close to the company, as the Chinese tech giant seeks to keep up with fast-moving competitors. The newly formed Alibaba E-Commerce Group, comprising domestic marketplaces Taobao and Tmall, as well as overseas shopping sites such as AliExpress, Lazada, Trendyol, will be led by Jiang Fan,... Read more âș
2
The U.S. Department of Justice late Wednesday asked a federal judge to force Google to sell its Chrome browser and potentially its Android operating system to undo Googleâs illegal search monopoly. The DOJ, which won an antitrust case against Google over the summer, also requested that Google ... Read more âș
0
Anthropic CEO Dario Amodei said he doesnât expect the rate of improvement of large language models to slow down, despite recent reports that upcoming LLMs from his company as well as from Google and OpenAI didnât show as many performance gains compared to earlier models. The Information reported ... Read more âș
0
Nvidia investors are, letâs face it, a bit like spoiled children. Hereâs a company that posts a 94% increase in revenue from a year ago, which is quite a bit better than it had projected, and the stock falls! Sure, Nvidiaâs growth rate has come down from the blazing-fast 260% or so of a few quarters ago, but did anyone imagine the company could maintain that pace?The chip designer, which... Read more âș
0
Publicly traded ad tech giant The Trade Desk is building a TV operating system for streaming. Itâs a notable move, given most of the dominant smart TV operating systems on the market have come from TV businesses, such as Roku, Samsung or LG, or big tech firms, like Amazon or Google. The Trade ... Read more âș
0
Nvidia on Wednesday said revenue rose 94% year-over-year to $35.1 billion in the October quarter, continuing its two-year streak of blowing past its own growth projections as more artificial intelligence developers and cloud providers gobble up its data center chips. The revenue growth was 14.5 ... Read more âș
0
Next year, expect more companies to hire creators as employees, either to represent their brands to the public or run their social strategies.On Monday I spoke to two creators who have joined companies in the past few years:Â Morning Brewâs Dan Toomey, who runs the media outletâs Good Work YouTube channel, which covers business and finance topics, and Rashad Assir, the face of Redpoint Venturesâ TikTok account, where he films... Read more âș
0
Shares of database provider Snowflake jumped more than 19% in the wake of its report after dropping less than 1% in regular trading. Investors seemed to be encouraged that the company sailed well past its earlier quarterly product revenue projections and raised its full-year ... Read more âș
0
To call the last two years âtepidâ for tech initial public offerings would be an understatement. In the wake of a record-smashing high in 2021, IPO deal proceeds plummeted 94% in 2022 and have been slow to recover. But 2025 could be looking up, with some big names likely to hit exchanges. At a recent event about artificial intelligenceâs impact on the IPO market, Anita Ramaswamy, The Informationâs financial analysis... Read more âș
16
Digital Currency Group, the parent company of crypto asset manager Grayscale, is launching a decentralized artificial intelligence subsidiary called Yuma, led by DCG founder and CEO Barry Silbert, who will also serve as the subsidiaryâs CEO. Yuma will invest in and build on Bittensor, a ... Read more âș
0
Database provider Snowflake is talking with OpenAI rival Anthropic about letting Snowflakeâs customers use Anthropicâs large language models to build artificial intelligenceâpowered applications, according to a person with direct knowledge of the matter. The Anthropic agreement, if consummated, could help CEO Sridhar Ramaswamy address investorsâ concerns about Snowflakeâs ability to compete with rivals like Databricks, Microsoft, and Amazon for generative AI business. Snowflakeâs stock has fallen 35% so fa Read more âș
0
Hereâs a question of paramount importance in AI: what if large language models could continue learning new information even after theyâre done training? Thatâs the question that researchers at Writer, a $2 billion-valuation startup developing AI tools for enterprises, found themselves asking six months ago. Those researchers have now developed a new type of LLM, called âself-evolving LLMs,â that they claim can continue learning and updating its parameters, or the... Read more âș
2
In mid-2020, when cryptocurrency firm Circle needed to raise cash, CEO Jeremy Allaire sought out Steve McLaughlin, founder of investment bank FT Partners and a force in fintech dealmaking. For its services, FT wanted a percentage of any capital it raised for Circle, plus fees on any future fundraising or acquisition, even if FT wasnât involved. While those terms are far longer than what most banks expect, Allaire agreed, telling... Read more âș
0
Qiming Venture Partners, one of Chinaâs leading venture firms, is planning a major leadership transition, one of the first of a generation of Chinese VC firms to take this step, according to three people with knowledge of the plan. Nisa Leung and Duane Kuang, two of Qimingâs managing partners, will gradually step back from their roles to let younger partners take center stage, according to the people. The plan comes... Read more âș
0
When Google CEO Sundar Pichai called Donald Trump to congratulate the president-elect on winning the election, a guest was on the line: Elon Musk, the CEO of Tesla, xAI and other companies, according to two people familiar with the situation. Muskâs appearance took Pichai by surprise, one of these people said. Read more âș
3
Comcast plans to spin off most of NBCUniversalâs cable TV networks including MSNBC, CNBC, USA and Oxygen, according to a person with knowledge of the matter. The decision, which comes a month after company executives first floated the idea to investors and analysts, could pave the way for more ... Read more âș
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Walmart reported solid third-quarter numbers today, driving home whatâs surely a sore point for Jeff Bezos: No matter how hard Amazon tries, it canât conquer Walmart.The Arkansas retailerâs revenue grew 5.5% to $169.6 billion, and the company showed optimism about the holiday season by raising its full-year sales forecast. Investors are happy with the resultsâWalmartâs shares closed up 3% on Tuesday. So far this year the stock has rallied 63%,... Read more âș
0
Most popular sources
Business Insider
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30% 11 |
Financial Times
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15% 14 |
The Verge
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15% 11 |
Tom's Hardware
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7% 3 |
Gizmodo
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4% 4 |
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23.11.2024 18:03
Last update: 17:45 EDT.
News rating updated: 00:51.
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