Meta Platforms on Wednesday reorganized and laid off staff on several teams, according to a spokesperson for Meta. The affected teams included Instagram, WhatsApp and Reality Labs, Meta’s augmented and virtual reality unit, The Verge reported. Meta in June culled middle managers from Reality ... Read more ›
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The rebound in funding for creator startups has faded.Funding for U.S. creator economy startups fell nearly 16% to $253.1 million during the September quarter compared to a year earlier, according to the latest update to The Information’s Creator Economy Database. Globally, funding for creator-related startups dropped about 20% to $415.8 million year over year. Read more ›
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Payment giant Stripe is in talks to buy Bridge, a San Francisco-based stablecoin infrastructure startup, for $1 billion, Forbes reported, citing people familiar with the discussions. Founded in 2022 by Coinbase and Square alumni Zach Abrams and Sean Yu, Bridge helps companies convert dollars or ... Read more ›
0
Netflix revenue grew 15% year over year to $9.8 billion in the third quarter of 2024, the company said in its earnings report. Netflix also said based on its forecast for the fourth quarter, it expects full-year 2024 revenue to be up 15% as well. However, Netflix also expects revenue growth to ... Read more ›
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General Catalyst is swiftly widening its global footprint. On the heels of acquiring two smaller venture firms in India and Germany, the firm plans to lead an investment in Riyadh, Saudi Arabia-based financial technology startup Lean Technologies, according to a person with direct knowledge of the firm’s investments.The deal would represent General Catalyst’s first investment in Saudi Arabia, the person said, and is a sign Silicon Valley investors are changing... Read more ›
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As Facebook owner Meta Platforms has backed away from news, Microsoft’s LinkedIn has leaned into it. LinkedIn is doubling down on its long-standing efforts to promote news articles and work with news publishers, in hopes of driving both usage and ad revenue. In the latest sign of that, in the next few days it will start testing a new News Banner atop the feed on its mobile app, highlighting news... Read more ›
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It's the early days of the artificial intelligence revolution. At this stage, enterprises are developing mostly tactical AI use cases. The next step is a more strategic, higher-value approach. As part of The Information’s San Francisco AI Summit, Stephanie Palazzolo, The Information’s AI reporter and author of the AI Agenda newsletter, sat down with three AI executives to discuss how they see the AI revolution progressing: Lenore Lang, executive vice... Read more ›
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Currently, healthcare is reactive. Economic rewards are not always matched with the best outcomes for patients. Artificial intelligence is opening new possibilities for change. During The Information’s WTF Summit, Kaya Yurieff sat down with two healthcare visionaries to discuss what patients want and new, proactive ways of staying healthy: Alina Ioani, vice president of business development and strategic partnerships, Prenuvo Sarah Russell, managing director, bellwether, X, The Moonshot Factory Becomin Read more ›
0
Harvard Management Company delivered a 9.6% return for its fiscal year ending June 30, 2024, according to its annual report released Thursday. This exceeds the $53.2 billion endowment’s 9.3% annualized return over the last seven years. While Harvard’s performance in a ... Read more ›
0
Today’s economy is challenging for startups as many new ventures find scaling a tougher climb. But that may not be a bad thing. At The Information’s 2024 Women in Tech, Media and Finance Summit, Kate Clark, The Information’s deputy bureau chief, sat down with three experts to discuss how entrepreneurs can grow their businesses in today’s market: Shikha Goyal-Allain, Bay Area market executive and managing director, Innovation Economy Banking, J.P.... Read more ›
0
Google’s head of search and advertising, Prabhakar Raghavan, is moving to a new role while the team behind the company’s Gemini artificial intelligence chatbot, which competes with OpenAI’s ChatGPT, and voice assistant is moving to the DeepMind AI group, CEO Sundar Pichai said Thursday. Raghavan ... Read more ›
2
Baidu CEO Robin Li compared the current artificial intelligence frenzy to the dot-com bubble of the late 1990s, and predicted that only 1% of AI companies will eventually stand out and become huge. “A bubble is kind of inevitable when you pass the stage of initial excitement,” said Li, speaking ... Read more ›
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Taiwan Semiconductor Manufacturing Corp lifted third quarter revenues 39% to $23.5 billion and net income 54%, as the world’s biggest chipmaker benefited from surging demand for AI chips. TSMC manufactures chips designed by other companies, such as Apple and Nvidia. It particularly dominates the ... Read more ›
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Earlier today, we published our Generative AI Takeover List of 78 startups that could be acquisition targets. The list includes companies that develop their own models or robots, haven’t raised funding in at least two years, or both. These companies are most likely to face a cash crunch and be open to takeover offers.My colleagues Stephanie and Rocket highlighted the conundrum for these startups: It’s expensive to build large language... Read more ›
7
Reality is setting in for many artificial intelligence startups. Facing the huge costs of developing AI models and questions about when customers will see returns on their investments, some companies have found safety in the arms of larger tech firms through acquisitions or acqui-hires. Others have laid off staff or are shutting down. Most of the startups that decided to sell, cut staff or shut down were developing their own... Read more ›
6
ASML shares fell for the second straight day after the Dutch maker of equipment for manufacturing computer chips released its financial results Tuesday. The company said net sales for the third quarter rose 12% year-over-year to $8.1 billion, topping its own forecasts. But it slashed its sales ... Read more ›
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Payments giant Stripe is in advanced talks to acquire Bridge, a San Francisco-based stablecoin infrastructure company founded by Coinbase and Square alumni, according to Bloomberg. Stripe declined to comment. Bridge did not immediately respond to requests for comment. Founded in 2022, Bridge ... Read more ›
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Big tech has well and truly gone nuclear. Amazon’s announcement today that it has signed three deals for the development of nuclear power reactors—including leading a $500 million funding round for a reactor developer called X-energy (not related to the X-obsessed Elon Musk)—demonstrates clearly how the tech industry is helping to revive nuclear power in the U.S. after years of decline. Yes, some of us have gotten over the trauma... Read more ›
2
Uber has sought input from advisers on a potential acquisition of travel booking site Expedia, according to a report from the Financial Times on Wednesday that cited unnamed sources. Expedia’s shares surged roughly 7% immediately following the report, and Uber’s dropped by almost 3%. Uber has ... Read more ›
1
Last year, TikTok helped woo sellers to TikTok Shop by footing the bill for incredible discounts on its new e-commerce service. These encouraged merchants to sell items at rock-bottom prices, which led to a deluge of sales. But this year, TikTok is taking a different tack to grow its e-commerce sales by encouraging more brands to go live—a lot.That’s one of the takeaways from a story Ann Gehan and I... Read more ›
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Most popular sources
Business Insider
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38% 8 |
Gizmodo
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10% 4 |
Mashable
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9% 8 |
Tom's Hardware
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7% 1 |
Wired
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6% 1 |
| View sources » | |
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24.11.2024 09:00
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