Amazon said customers can return items they bought on the commerce giant’s site at over 1,500 FedEx Office locations nationwide. Shoppers will be able to drop off unboxed items and won’t pay fees on the return. Encouraging customers to bring returns to drop-off points instead of having them ... Read more ›
0
Shares of US space companies rose Wednesday after The Information reported Tuesday night that SpaceX is aiming to file its initial public offering prospectus with regulators as soon as this week. The report said that advisers involved in the preparation predict the company could try to raise ... Read more ›
0
Please join The Information at the New York Stock Exchange on Monday, April 27, for The Information’s “Financing the AI Revolution” forum. Hear from top executives and investors on how the rapid build-out of AI is reshaping tech, finance and capital markets. Learn more here.There’s supply and demand for AI computing power and there’s supply and demand for AI itself. The two should be linked, but that hasn’t always appeared... Read more ›
0
Before we get to today’s column, we wanted to flag OpenAI CEO Sam Altman’s major reorg, the company’s new "Spud” model and its decision to shut down the Sora video app and application programming interface, which we scooped on Tuesday. (For what the company’s organizational structure looks like now after the changes, check out our updated OpenAI Org Chart.)The latter decision seems in line with product chief Fidji Simo’s mandate... Read more ›
0
Meta Platforms is launching Meta Small Business, a company-wide initiative to drive AI adoption and support entrepreneurship, Axios reported. In a memo sent to employees on Wednesday, CEO Mark Zuckerberg told staffers that “it should be easier than ever for people to build new businesses” in the ... Read more ›
0
Meta Platforms will lay off a few hundred people across the company on Wednesday, according to two people familiar with the matter, part of a broader effort to overhaul the company for work in the AI age. The cuts will affect staffers in Reality Labs — the division behind its hardware platforms and wearables — as well as across its social media teams, recruiting operations, and a smaller number in... Read more ›
0
Vultr, one of the oldest independent cloud providers, is seeking to raise at least $1 billion in new capital so it can compete with a growing list of startups scrambling for cash to meet the surging demand for AI computing power. The company, which is backed by chipmaker Advanced Micro Devices, was founded in 2014 and didn’t raise any outside equity funding until 2024, a marked contrast to the latest... Read more ›
0
Chinese authorities barred Manus’ cofounders from leaving the country while regulators review Meta Platforms’ $2 billion acquisition of the AI agent startup, the Financial Times reported. Cofounders Xiao Hong and Ji Yichao were called to a meeting with the National Development and Reform ... Read more ›
0
Chinese AI company SenseTime said its earnings before interest, taxes, depreciation and amortization turned positive during the second half of last year, the first time since its listing in 2021. SenseTime, founded in 2014, is one of the pioneers among the last generation of AI companies in ... Read more ›
0
Meta Platforms has agreed to dole out a bounty of new stock options to its top leaders that will pay out only if the company hits aggressive new share price goals. To collect the maximum amount of options included in those packages, Meta will need to hit a share price that translates to a more ... Read more ›
0
Amazon bought humanoid robotics startup Fauna Robotics last week, Bloomberg reported Tuesday. Amazon plans to continue selling Fauna’s humanoid robot Sprout, which costs $50,000 and stands at just three and a half feet tall and weighs 50 pounds. Amazon has over a million robots working in its ... Read more ›
0
OpenAI and Anthropic’s remarkable revenue growth has invited scrutiny of how the AI startups are tallying the headline-making figures they have privately or publicly disclosed.Last month, OpenAI’s annualized revenue jumped to $25 billion, nearly four times higher than a year earlier. Anthropic has grown even faster: At the end of last month, Anthropic crossed $19 billion in annualized revenue—about 14 times higher than a year earlier. If the trend lines... Read more ›
0
SpaceX is aiming to file its initial public offering prospectus with regulators later this week or next week, according to a person with direct knowledge of the plans. The confidential filing will formalize the IPO plans for Elon Musk’s rocket and telecom company as it targets a June public listing. The offering will test investor appetite for what is gearing up to be the biggest U.S. IPO of all time—by... Read more ›
0
Walt Disney Co. must be so glad it committed to investing $1 billion in OpenAI and becoming a customer of the ChatGPT creator. The theme park and entertainment firm agreed to both steps as part of a deal struck last December in which it licensed its characters for use on OpenAI’s Sora video-generation tool. On Tuesday, OpenAI decided to shut down Sora. In response, Disney abandoned the entire deal, including... Read more ›
0
The federal judge presiding over Anthropic’s lawsuit against the Department of Defense called the Pentagon’s actions against Anthropic “troubling” in a hearing on Tuesday, saying that they “look like an attempt to cripple Anthropic.” The comments from Judge Rita Lin of the Northern District of ... Read more ›
0
Meta Platforms must pay $375 million in civil penalties for violating New Mexico consumer protection laws, a jury in Santa Fe ruled on Tuesday. Meta vowed to appeal the ruling in the trial, which started early last month. The case was based on a lawsuit that New Mexico Attorney General Raúl ... Read more ›
0
Health ring maker Oura has been interviewing bankers to advise on an initial public offering that could take place as soon as this year, according to a person with direct knowledge of discussions. A public offering would follow fast growth at the company, which sells connected devices and a monthly subscription to an app that tracks the user’s health, including sleep and fitness. The company reached $1.3 billion in annualized... Read more ›
0
Every day seems to bring new excitement—or in the case of Amazon employees, trepidation—around AI agents that aim to perform any white-collar task involving a computer. Monday night, for instance, Anthropic announced its latest march in this direction with a version of its Claude chatbot that can take over your computer and operate any enterprise application the way humans do. But not every enterprise software firm is open to allowing... Read more ›
0
OpenAI CEO Sam Altman has relinquished direct oversight of the company’s safety and security teams so he can focus on raising capital, supply chains and “building datacenters at unprecedented scale,” he told staff on Tuesday. At the same time, he said the company had completed the initial development of its next major AI model, codenamed Spud, and would wind down the Sora AI video mobile app, which employees had complained... Read more ›
0
Shares of multiple business software providers, including Salesforce, Atlassian and HubSpot, all saw significant declines after The Information reported that Amazon Web Services is developing AI that automates sales, business development and other internal functions. This is the latest sign ... Read more ›
0
Most popular sources
AlleyWatch
|
0% |
Mobile ID World
|
0% |
Ubergizmo
|
0% |
Droid Life
|
0% |
ReadWrite
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
06.05.2026 08:57
Last update: 08:50 EDT.
News rating updated: 15:51.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.