Chinese search giant Baidu launched two new artificial intelligence models Sunday in an attempt to stay competitive after the rapid rise of DeepSeek. Baidu unveiled Ernie 4.5, the latest version of the company’s multimodal foundation models that understand text, image, audio and video, as well ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Amazon’s retail chief shifts from Bezos era• Artificial Intelligence: Scale AI’s billionaire CEO eyes a grander stage in politics• Plus, our Recommendations: Death at 28,000 feet; a VC tells all; and an unapologetically twisty apocalypse show“It was like strapping on an Iron Man suit and flying around,” said Jon Stokes, co-founder of Symbolic AI. “I felt like Tony Stark—it was insane.” Stokes... Read more ›
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Just a day before a major AI summit in Paris commenced last month, the event’s organizers made a sudden addition to the speaker lineup: Alexandr Wang, the 28-year-old billionaire co-founder and CEO of Scale AI, a startup that specializes in fine-tuning and assessing the quality of AI models for both private companies as well as the U.S. government. Wang spoke at a closed-door session requiring security clearance titled “Fuelling trustworthy... Read more ›
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How much money can AI save a business? That’s a hugely important question for businesses nowadays—uncertainty about the answer is holding up wider adoption of various new AI products, as we described on several fronts this week. (See this piece on Salesforce’s struggles in selling its new AI agent tool, and these other two stories on the same theme). And on this point, a securities filing by the installment lender... Read more ›
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Klarna eked out a slim $21 million profit last year after a series of annual losses following an international expansion into the U.S., according to the the Swedish buy-now, pay-later company’s prospectus filed on Friday Klarna, which is preparing to IPO on the New York Stock Exchange, also ... Read more ›
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David Sacks, the White House artificial intelligence and crypto czar, and his venture firm Craft Ventures collectively have divested over $200 million of investments related to the digital asset industry, according to a memo released by the White House. Prior to the start of the current Donald ... Read more ›
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In this week’s episode: Waymo, Larry Page, TikTok and our first $1 million More or Less bet. YouTube Spotify Apple Podcasts Read more ›
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PepsiCo is near a deal to acquire the startup beverage brand Poppi, Bloomberg reported, with the companies discussing a purchase price of more than $1.5 billion. Big food and beverage companies have continued to acquire younger, fast-growing brands, a bright spot among a broadly sluggish ... Read more ›
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DeepSeek’s sudden rise to global stardom has earned the startup a status akin to national treasure in China. One result is restrictions on how the company operates. In recent weeks, company executives have forbidden some of DeepSeek’s employees involved in the research and development of artificial intelligence models from traveling abroad freely, according to three people familiar with the company. Meanwhile, the government of eastern China’s Zhejiang Province, where DeepSeek’s... Read more ›
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In the summer of 2022, Amazon was reeling. The company’s revenue growth had fallen to its lowest levels in decades, and it was grappling with a hangover from a costly, pandemic-era expansion of its warehouses and workforce. Amazon CEO Andy Jassy began breathing down the necks of lieutenants like Doug Herrington to focus on profits, a change from the company’s longtime growth-at-all-costs mentality. Herrington, a mild-mannered, bespectacled executive Jassy had... Read more ›
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OpenAI on Thursday submitted a policy proposal to the Trump administration that included attacks on Chinese artificial intelligence developer DeepSeek. OpenAI described DeepSeek as “state-controlled” and argued there is a risk that the Chinese government could force DeepSeek to manipulate its ... Read more ›
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Foxconn, the Taiwanese manufacturer that makes most of the world’s iPhones, said its net profit in the fourth quarter of 2024 fell 13% year on year. It was the first decline in Foxconn’s quarterly earnings since the second quarter of 2023, when net profit slipped 0.9%. The decline in Foxconn’s ... Read more ›
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It’s hard to walk down the street lately without tripping over someone who has expressed interest in buying TikTok. I’m kidding, but you get the point—everyone from AI startup Perplexity to billionaire Frank McCourt to the YouTube influencer MrBeast claims to be interested. As is often the case, however, it’s the people who aren’t talking that we should take seriously—and that is most obviously Oracle, which as we reported today,... Read more ›
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Former Plaid CTO Jean-Denis Greze and former Google artificial intelligence and machine learning director Tony Vincent have co-founded Town, which connects small businesses with tax advisory services. The San Francisco-based startup has raised a $18 million seed round, led by First Round Capital ... Read more ›
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It says something about the hype around ex-OpenAI executive Mira Murati’s new startup, Thinking Machines Lab, that when Sequoia Capital’s Alfred Lin said his firm was “talking” to the startup, that was deemed worthy of a headline.We’ll do you one slightly better: Murati has told people she’s also had conversations with Vinod Khosla, an early OpenAI investor, about possibly investing, according to one of those people, though it’s unclear if... Read more ›
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Autonomous trucking startup Kodiak Robotics is in talks to merge with Ares Acquisition Corp. II in a SPAC deal that would result in a post-merger valuation of $2 billion, according to Bloomberg. The SPAC is currently asking shareholders to vote to extend the merger period, which is set to expire ... Read more ›
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Google announced an experimental feature on Thursday that gives users more tailored responses and personalized recommendations from Google’s Gemini chatbot by connecting it to their Google Search history. Users have to opt in to the feature for now, but it shows how Google could leverage its ... Read more ›
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Elon Musk’s Tesla submitted a letter to the U.S. trade representative expressing concerns about the impact of President Donald Trump’s tariffs on the electric vehicle maker’s business. According to the Financial Times, a Tesla associate general counsel, Miriam Eqab, submitted the unsigned letter ... Read more ›
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It seems like more creators than ever are starting their own lines of makeup, skin care, snacks and more, with at least three new brands this week alone. On Tuesday, makeup artist Mikayla Nogueira, who has over 16 million followers on TikTok, announced a skincare line, Point of View. The same day, TikTok and Instagram star Alix Earle helped relaunch SipMargs, a line of canned margaritas. Pash, a lotion brand... Read more ›
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BuzzFeed revenue fell 20% to $56.2 million in the fourth quarter, driven by a 19% decline in advertising revenue and a 59% drop in its content revenue segment, which includes videos and other content the media company makes on behalf of advertisers. Commerce and other revenues were up 39%. ... Read more ›
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15.05.2026 22:28
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