Spotify lifted revenue 7% in the third quarter, as growth in its subscription business was offset by a 6% drop in advertising revenue. It was the second consecutive decline for Spotify ads, which last year had been growing, albeit slowly. Spotify executives said on the earnings call Tuesday that ... Read more ›
2
Shopify said Tuesday revenue in the third quarter grew 32% from a year earlier to $2.84 billion as the e-commerce software maker continues to add new merchants and expand its reach in newer markets like Europe and with brick-and-mortar retailers. Free cash flow grew 20% to $507 million, though ... Read more ›
0
I’d recommend you check out our annual list of the most promising startups, which we published this morning and includes companies across artificial intelligence, consumer, cybersecurity, crypto and more.Each year, it gets harder and harder to come up with our final list of AI applications and infrastructure startups. Part of that is due to the explosion of AI startups and the sheer number of them we have to sift through.... Read more ›
0
Norway’s sovereign wealth fund plans to vote against Tesla’s proposed $1 trillion CEO compensation package for Elon Musk, the fund said on Tuesday. Norges Bank said in a disclosure that it was “concerned about the total size of the award, dilution, and lack of mitigation of key person risk.” The ... Read more ›
81
Uber’s revenue growth accelerated to 20% in the third quarter, lifting earnings before interest, taxes, depreciation and amortization by 33% to $2.3 billion. Free cash flow rose 5.7% to $2.2 billion. Underwriting the growth was Uber’s delivery business, where bookings jumped 25% and Ebitda ... Read more ›
0
Anthropic this summer hiked its most optimistic growth forecasts by roughly 13% to 28% over the next three years and projected generating as much as $70 billion in revenue in 2028, up from close to $5 billion this year, according to a person with knowledge of the company’s financials. The company expects demand from businesses for its AI models to drive that growth. Anthropic projected that its 2025 revenue from... Read more ›
6
Investor euphoria around artificial intelligence has shown little sign of wearing off this year, especially as ex-employees of AI developers such as OpenAI, Google and Palantir raised capital for their own AI startups. That made it more difficult than ever to identify promising but relatively unknown startups that fit the criteria for the sixth edition of The Information 50. To qualify, startups must have raised less than $100 million and... Read more ›
12
If you’re tired of the seemingly endless parade of AI cloud deals, better get comfortable with them: They’re not going away anytime soon. On Monday, for instance, Microsoft struck deals with two little-known cloud firms, Lambda and Australia’s Iren, for additional computing capacity. Another firm, Cipher Mining Inc. announced a similar deal to provide capacity to Amazon’s cloud unit Amazon Web Services. More significantly, AWS announced a deal to run... Read more ›
0
Cipher Mining, which builds and runs data centers for bitcoin mining and has recently expanded its focus to AI, revealed in its third-quarter earnings report that it has inked a 15-year lease agreement with Amazon Web Services worth around $5.5 billion. In the deal, Cipher will provide 300 ... Read more ›
0
Palantir’s sales to U.S. businesses hit $397 million in the third quarter, exceeding Wall Street’s expectations and growing 121% compared to the previous year, the company reported Monday. The U.S. commercial growth was a highlight of continued breakneck growth for Palantir, which has been ... Read more ›
0
France threatened to ban Shein from selling products in the country after a consumer protection regulator said in a statement it had discovered the fast-fashion giant was selling sex dolls “with a childlike appearance.” France’s economic minister Roland Lescure said Monday that the government ... Read more ›
20
White House officials discouraged President Donald Trump from raising the topic of exporting Nvidia’s advanced AI chips to China during a recent meeting with Chinese leader Xi Jinping, The Wall Street Journal reported Monday. Nvidia Chief Executive Jensen Huang had lobbied the president directly ... Read more ›
0
Global payroll startup Deel has hired a new chief financial officer, former Credit Karma boss Joe Kauffman, as the company continues to overhaul its leadership ahead of a potential IPO. Kauffman, who left Credit Karma after a recent restructuring by parent company Intuit, replaces Philippe ... Read more ›
0
Microsoft said Monday it had struck two separate deals to spend more than $10 billion to rent cloud servers with Nvidia chips from smaller cloud providers in the coming years. Microsoft will spend $9.7 billion to rent servers from cloud startup Iren over the next five years, and will also rent ... Read more ›
0
Tesla expects to deploy at least 1,000 Robotaxi vehicles in the San Francisco Bay Area and 500 or more in Austin before the end of the year, according to CEO Elon Musk. While Tesla hasn’t disclosed exactly how many vehicles it operates now, reports from riders indicate the current total figure ... Read more ›
0
Before we get to today’s column, OpenAI is continuing its trend of diversifying its cloud compute providers away from Microsoft. Monday morning, the ChatGPT maker announced that it has signed a seven-year, $38 billion cloud deal with Amazon Web Services. OpenAI will immediately start using compute from AWS, with the goal to deploy all capacity before the end of next year, with the option to use even more compute into... Read more ›
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OpenAI will spend $38 billion to rent servers from Amazon Web Services in the coming years, the two companies announced Monday. AWS will rent existing servers to OpenAI and will build new data center capacity for the startup, which it plans to begin using next year, the companies said. It’s not ... Read more ›
0
Over the past year, companies have been trying to hand over job duties to artificial intelligence agents. But these agents often aren’t good at their jobs, so AI providers are working hands-on with customers to stop them from screwing up. Fnac, a European retailer similar to Best Buy, struggled with an AI customer support agent after testing models from OpenAI, Google and other labs, according to Olivier Theulle, chief digital... Read more ›
3
Kalshi, the U.S.-based prediction market platform, said it has hired Saurabh Tejwani, a former finance executive at Uber and Gopuff, to be its first chief financial officer. He said the company, which was valued at $5 billion this month, would consider an initial public offering in the future. ... Read more ›
2
OpenAI’s revenue could reach $100 billion in 2027, Sam Altman said on a podcast published Friday with Altimeter Capital and OpenAI investor Brad Gerstner. Altman said the ChatGPT maker was already “doing well more revenue,” than $13 billion, an apparent reference to its annualized pace, which ... Read more ›
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Most popular sources
Business Insider
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19% 1 |
Tom's Hardware
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13% 11 |
The Verge
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10% 3 |
Gizmodo
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6% 3 |
Vox
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6% 6 |
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17.12.2025 01:14
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