Luca Maestri, who has been Chief Financial Officer of Apple for a decade, will step down at the end of the year. He’ll be succeeded by Kevan Parekh, the vice president of financial planning and analysis, Apple said. Maestri isn’t leaving, however. He will “continue to lead the ... Read more ›
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Toncoin, the token of The Open Network, a blockchain integrated with Telegram, fell after Telegram CEO Pavel Durov was detained in France on Saturday over claims that messaging service failed to crack down on crime on the app. The price of Toncoin, or TON, plunged 20% on Saturday before paring ... Read more ›
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Shares of Temu parent company PDD Holdings fell nearly 25% in morning trading Monday after the Chinese e-commerce giant warned that revenue growth would slow amid mounting competition. The company reported revenue of $13.36 billion for the second quarter, which represented an 86% increase from a ... Read more ›
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Dozens of former artificial intelligence researchers from Google who struck out on their own are learning that startups are tricky.The latest example is French AI agent developer H, which lost three of its five cofounders (four of whom are ex-Googlers) just months after announcing they had raised $220 million from investors in a “seed” round, as our colleagues reported Friday. The founders had “operational and business disagreements,” one of them... Read more ›
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In the nearly one year since Instacart went public, it has had an unlikely cheerleader: Uber CEO Dara Khosrowshahi. He extolled his grocery-delivery rival’s “very strong advertising product” at an investor conference in March. He admired Instacart's “very high quality” suburban customer base in comments made after Uber and Instacart struck a restaurant delivery partnership a month later. So far, that partnership has been “an excellent one,” he said on... Read more ›
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IBM is shutting down its research and development operations in China, and the company plans to expand its R&D teams in other places such as India, The Wall Street Journal reported. The move, which will affect more than 1,000 China-based employees, comes at a time when some U.S. companies ... Read more ›
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French authorities have arrested the billionaire founder of the Telegram messaging app near Paris, according to Reuters, which cited French television reports. Pavel Durov, who had been traveling by private jet, was arrested at Bourget airport near Paris, TF1 TV and BFM TV reported, according to ... Read more ›
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This week, The Information's Co-Executive Editor Martin Peers was announced as a winner of a Loeb award—one of the highest honors in business journalism—for his career in editing. The Loeb Foundation asked The Information to write an article about Martin's impact on the industry. We were delighted to do so and hope you enjoy it. As a young reporter in Australia in the 1980s, Martin Peers covered crime in Tasmania,... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Inside an AI nightmare that tore apart a school• The Top 5: Our favorite THC drinks Plus: A chaotic AI bill; the philosophers with advice for childless millennials; and Shyamalan and the Swifties.Say, have you heard about a young fellow named Robby Starbuck? If you haven’t, write his name down because I could easily see the conservative activist becoming a force within... Read more ›
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Jake Bullock, a former Bain consultant in San Francisco turned cannabis entrepreneur, has bet tens of millions in venture capital on his bold vision for making drinks that get you just a little bit high. “I hope one day you’ll walk into a Costco and you’ll see the liquor, the wine and the beer, and maybe there’s some hard seltzers and ready-to-drink cocktails,” said Bullock. But then “there’s some THC-infused... Read more ›
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Nearly 200 employees at Google’s DeepMind artificial intelligence unit signed a letter in May asking Google to investigate press reports that militaries and weapons manufacturers are using Google Cloud and to terminate access to DeepMind technology for military users, Time reported on Thursday. ... Read more ›
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Summer is winding down—Labor Day is just a week away! But we’ve still got plenty of business news. Next week is particularly important: Nvidia will report earnings for its July fiscal quarter on Wednesday. In a note to clients yesterday, Wedbush analyst Dan Ives described the Nvidia report as “the most important tech earnings in years,” one example of how obsessed Wall Street is with it.Ives’ description might be a... Read more ›
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"This is a time for serious people, people who take this business seriously." The gang was back to business this week discussing the latest in the venture shakeout. Plus, the energy is back in the Bay again. And a fierce debate over the Starlink Mini. Also, we continue to experiment with transcripts and chapters for subscribers thanks to the amazing AI features of Riverside. Find those after the links. Enjoy!... Read more ›
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New York investment firm Coatue Management, an early and substantial backer of ByteDance that has a seat on the TikTok parent’s board, is discussing selling part of its stake, according to three people with knowledge of the talks. The firm has talked to brokers in the secondary market for private stocks to gauge the interest of potential buyers. It is considering selling hundreds of millions of dollars worth of shares,... Read more ›
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On January 17, @murder_ink_bmore, a Baltimore-based Instagram account with 240,000 followers, posted what it said was a voice recording of Eric Eiswert, principal of Pikesville High School outside Baltimore, denigrating Black students and faculty as well as Jews. “I seriously don’t understand why I have to constantly put up with these dumbasses here every day,” said the voice that sounded like Eiswert. The speaker went on, singling out three Black... Read more ›
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Microsoft will host a summit with cybersecurity companies whose software is interoperable with Windows next month to discuss potential changes to Windows in light of the recent Crowdstrike outage, the company said on Friday. The July outage, which stemmed from a faulty software update sent out ... Read more ›
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Meta Platforms has canceled plans for a premium mixed-reality headset intended to compete with Apple’s Vision Pro, according to two Meta employees. Meta told employees at the company’s Reality Labs division to stop work on the device this week after a product review meeting attended by Meta CEO Mark Zuckerberg, Chief Technology Officer Andrew Bosworth and other Meta executives, the employees said. Read more ›
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Three of the five co-founders of buzzy French artificial intelligence startup H, formerly known as Holistic, have left the company, one of the departing founders confirmed Friday. The startup, which was registered just four months ago, works on AI “agents” that handle multi-step tasks. In May, H ... Read more ›
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Shein said in an annual sustainability report released Thursday that it discovered two cases of child labor at contract manufacturers last year, and that it would crack down more aggressively on suppliers that use forced labor and child labor. The changes come as Shein aims to push back against ... Read more ›
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The fintech world is a tale of two cities. After a thrashing over the last two years, some big fintech startups, such as Stripe and Ramp, have seen their valuations rebound from the lows, as business improves and investor demand rises. Many other fintechs, including Brex, Chime and Plaid, have yet to crystallize a lower valuation in new fundraisings. But some trades on the secondary market suggest that if the... Read more ›
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Most popular sources
Business Insider
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35% 11 |
Tom's Hardware
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16% 8 |
CNET
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6% 3 |
Android Authority
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6% 2 |
The Verge
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5% 1 |
| View sources » | |
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15.11.2025 21:19
Last update: 21:10 EDT.
News rating updated: 04:10.
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