Meta Platforms is merging the teams behind Facebook and Messenger into one unit as the company prepares for layoffs across the business next week. Under the change, the head of Messenger, Loredana Crisan, will move to the company’s generative artificial intelligence group, while Facebook’s chief ... Read more ›
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The DeepSeek reasoning artificial intelligence, R1, isn’t just a gift to businesses eager to cut their AI costs. American cloud providers looking to boost their server rental businesses moved quickly last week to make R1 available to their customers.So far, however, Amazon Web Services, Microsoft and Google aren’t charging cloud customers to use DeepSeek, which is open source, the same way they charge for other models—based on how much text... Read more ›
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Music streaming giant Spotify reported its first full year of profitability this morning, after more than six years of losses as a public company. Operating income in the fourth quarter was 477 million, compared with a loss of 75 million a year earlier, on 16% higher revenue. The company ... Read more ›
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It’s been barely a day since OpenAI released Deep Research, a new ChatGPT feature that helps customers conduct multi-step research. And already it’s gotten at least one rave review.Derya Unutmaz, a professor of immunology at the Jackson Laboratory for Genomic Medicine who’s been testing the feature since he was granted early access on Friday, said he asked Deep Research to write a report on the latest advancements and gaps in... Read more ›
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The tech industry’s project to build out artificial intelligence is proving even more capital intensive than the peak of the last investment supercycle by oil and gas firms in the mid-2010s. Microsoft, Meta Platforms, Amazon and Alphabet spent an estimated average of 17.2% of their revenues on capital expenditures in 2024, up from 12.7% in 2021, with the figure expected to rise further in 2025. Read more ›
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China’s anti-monopoly regulator said Tuesday that it launched a probe into Google on suspicion of violating the country’s antitrust laws. The one-sentence statement by China’s State Administration for Market Regulation included no specific details but was published after the U.S. imposed a 10% ... Read more ›
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If you’ve planning on buying your significant other a Valentine’s Day gift on Temu, Shein or Amazon’s low-cost rival to those services, Haul, make sure you have a backup plan so you don’t wind up in the doghouse. A (perhaps unintended) consequence of a Trump administration executive order issued over the weekend means packages from the e-commerce sites for cheap goods will almost certainly start piling up at American airports.... Read more ›
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Palantir, which sells data analytics software to governments and enterprises, lifted revenue 36% in the fourth quarter, it reported on Monday. For the year, Palantir’s topline expanded 29%. The company projected revenue growth would accelerate to 31% this year. The bullish projection sent ... Read more ›
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President Donald Trump signed an executive order on Monday to create a sovereign wealth fund for the U.S. Trump told reporters in the Oval Office that this new fund could own part of TikTok. “We might put [TikTok] in the sovereign wealth fund, whatever we make or we do a partnership with ... Read more ›
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SoftBank said on Monday it would spend $3 billion per year on technology from OpenAI for itself and its affiliates, including electronic payment service PayPay and chip designer Arm, of which it is the majority owner. The Japanese telecom conglomerate and OpenAI said they will also ... Read more ›
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Emily Stubbs, TikTok’s global head of litigation since 2020, is leaving, according to two people with knowledge of the matter, in the latest high-level departure amid the video app’s struggle to stay in operation in the U.S. The departure follows TikTok’s loss of a legal battle to block a ... Read more ›
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Elon Musk called for the removal of regulations from the federal government, saying regulations “should be default gone—not default there,” and that if some of that regulation was necessary, it could be added back. Musk was speaking on an X Spaces conversation late Sunday night, joined by former ... Read more ›
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Stephen Yap, who spent nearly two decades at Google, is departing to join publicly-traded adtech firm Perion as chief revenue officer. Yap most recently served as managing director of Google Marketing Platform, which houses Google’s technology for advertisers to buy media across the Internet. ... Read more ›
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OpenAI’s release on Friday of o3-mini, its latest artificial intelligence reasoning model, wasn’t a surprise. CEO Sam Altman had previously said it would drop by then.But it was impossible to ignore the coincidence of the release coming a few days after a blaze of news erupted over DeepSeek R1, a Chinese reasoning model that has matched or even outperformed models from OpenAI, Anthropic and Meta Platforms. More importantly, DeepSeek is... Read more ›
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In the months after Thomas Kurian became CEO of Google Cloud in early 2019, he made a discovery: Another Google team that oversaw the company’s centrally managed information technology services had been overcharging the cloud unit for its use of software and other computing resources, according to a former Google Cloud manager who saw the bills. For example, Google Cloud was paying the technology group for a user interface design... Read more ›
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Shein has returned to India via a licensing agreement with billionaire Mukesh Ambani’s Reliance, after the China-founded online retailer was banned in the country in 2020 along with scores of other Chinese-owned apps. In December, the Indian government approved an agreement that ... Read more ›
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President Donald Trump’s impending new tariffs on Canada, Mexico and China will plug the trade loophole that has fueled the growth of Shein and Temu, as well as a Temu-like service offered by Amazon. Trump on Saturday signed an executive order that will impose 25% tariffs on imports from Canada ... Read more ›
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Paid subscribers to OpenAI’s ChatGPT nearly tripled to 15.5 million last year from 5.8 million a year earlier, The Information reported. Based on pricing for ChatGPT, that growth implies that the popular chatbot was likely generating at least $333 million in revenue per month by the end of last ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: As Microsoft and Google move in, a battle over hallowed ground erupts• The Arena: The NFL and Netflix likely share a supersize dream• Artificial Intelligence: our new Glossary of AI Jargon • Plus, our Recommendations: Trackers of Gilded Age glam; requiem for the rock stars; and a Year of the Snake treatWait, is that a Musk idea—or a Trump idea? It’s getting... Read more ›
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When selecting the venue for next weekend’s Super Bowl between the Kansas City Chiefs and Philadelphia Eagles, the NFL went with a traditional choice: New Orleans. It’ll be the 11th time the Big Easy has hosted the Big Game, tying it with Miami for hosting the most Super Bowls ever. Recently, however, the world’s richest professional sports league has hinted it may be ready to dispense with tradition: A Super... Read more ›
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24.03.2026 10:37
Last update: 10:30 EDT.
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