As OpenAI prepares to open up ad sales to more marketers next month, it is trying to address what some advertisers say was lacking in the initial ad sales offering. Among other things, the ChatGPT creator is planning to streamline the process of ad buying, either in partnerships with ad tech firms or with its own ad management system. So far, advertisers that bought the first ad campaigns on ChatGPT... Read more ›
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A week before Christmas, venture capitalist Elad Gil tweeted, “Lots of year end company shutdowns…happening right now,” offering a tantalizing hint of behind-the-scenes drama. Gil’s tweet appears to have been on the money: At least three companies have closed their doors since then—accounting firm Bench last week, LinkedIn rival Polywork earlier this week and benefits outfit Level, whose shuttering was first reported by The Information on Thursday. Given Gil’s vantage... Read more ›
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I first met Peter Johnston, the founder of consumer social website Polywork, in 2022 when he had just raised $28 million from former GitHub CEO Nat Friedman and other investors. Johnston was eager to tell me how Polywork would connect people with different professional opportunities, such as a coder who wanted to make angel investments or a designer who wanted to speak at events. This optimism about building a massive... Read more ›
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Shares of Carvana fell 2% after a short-selling research firm, Hindenburg Research, published a report alleging that the publicly traded online car dealer has weak underwriting standards and an increasingly risky portfolio of subprime loans. The report focused on the role played by the ... Read more ›
2
Welcome to the first edition of Creator Economy in 2025! With a new U.S. presidential administration and TikTok’s future in the country hanging in the balance, this year is already off to a busy start. Here’s what I’m forecasting will happen over the next 12 months: • The Supreme Court will uphold a U.S. law that could ban TikTok. After reporting on this story over the past four years and... Read more ›
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New tax filings from Peter Thiel’s nonprofit the Thiel Foundation showed that the billionaire venture capitalist gave out $4,334,013 in grants in 2023, mostly to young startup founders and organizations devoted to political philosophy. The donations also showed an ongoing focus on longevity ... Read more ›
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Meta Platforms named Joel Kaplan chief global affairs officer, elevating the company’s most prominent Republican ahead of Donald Trump’s presidency and Republican control of both houses of Congress. Kaplan replaces Nick Clegg. Kevin Martin, Meta’s vice president of U.S. public policy and another ... Read more ›
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Benefits startup Level has told its clients that it is shutting down after an effort to sell the company fell through, marking another abrupt closure of a fintech that has left users in the lurch. Level, which was founded in 2018 and raised a $27 million Series A round in 2021 led by Khosla Ventures and Lightspeed Venture Partners, told the companies offering its benefits plans that they would need... Read more ›
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Tesla said it sold fewer electric vehicles in 2024 than the prior year for the first time since 2010, despite incentives including lower prices, zero-interest loans and free charging. Investors drove Tesla shares down 6% in mid-day trading. CEO Elon Musk had predicted that Tesla would beat its ... Read more ›
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As some advertisers start to pull back from buying ad space on TikTok, the Chinese-owned app is telling big ad buying firms how they could get out of ad agreements if the app is banned in the U.S. in January. TikTok said in an email to big ad buying firms that it would return any principal payments—down payments on agencies’ spending commitments for TikTok ads—if the app loses its bid... Read more ›
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Robotaxis are quickly gaining ground, largely thanks to Alphabet-backed Waymo, which announced in October that it was completing more than 100,000 paid rides for passengers per week. Waymo plans to enter new regions next year. And everything in the market is sure to intensify further as Tesla tries to begin mass-producing its own robotaxis in 2026. Existing ride-hailing services are in for a period of disruption. Uber is one of... Read more ›
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Welcome to the first AI Agenda issue of 2025! We’re expecting a lot in AI this year, given an impressive reasoning model from OpenAI, a new administration and likely lots more multi-billion-dollar funding rounds on the way. Here are my predictions for what’s coming: Read more ›
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Morgan Stanley’s online stock-trading arm, E-Trade, is exploring adding crypto trading in anticipation of a more favorable crypto regulatory environment under the incoming Donald Trump administration, according to two people familiar with the firm’s plans. If Morgan Stanley goes ahead with the launch, E-Trade would become one of the largest mainstream financial firms to offer crypto trading, pitting a traditional brokerage giant against Coinbase and other crypto exchanges. Read more ›
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A Tesla Cybertruck that exploded in front of the Trump International Hotel in Las Vegas Wednesday morning, killing the driver and injuring several bystanders, contained gasoline and other fuel canisters and large firework mortars, Las Vegas police said. The findings, which Tesla CEO Elon Musk ... Read more ›
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At the moment, TikTok is fighting for survival. The Chinese-owned app has been locked in a monthslong legal battle over a law that will ban it in the U.S. on Jan. 19 if it hasn’t cut ties with its parent company, ByteDance. The entire drama is headed for a final showdown next week, with the company planning to argue for its existence in front of the U.S. Supreme Court. But... Read more ›
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The Nasdaq Composite rose 31% in 2024 after investor excitement over generative artificial intelligence resulted in a boom year for the tech companies that make up more than half of the index. Nvidia’s stock price increased 179% over the past year to $134. In September, Nvidia was the third ... Read more ›
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Before we turn the page on 2024, we should acknowledge the winners (and losers) in tech news: those stories that provided plenty of entertainment and those that reminded us of the enduring promise of new technologies. So, without further ado, here are our annual awards:Best soap opera: Entrants in this category had a tough act to follow, given 2023’s OpenAI–Sam Altman blockbuster. The folks at Klarna did their best: Klarna... Read more ›
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Alibaba is cutting pricing for its most advanced cloud-based visual large language model, called Qwen-vl-max, by up to 85%, the South China Morning Post reported. This is Alibaba’s second LLM price cut this year and highlights the growing competition between it and rivals like ByteDance, Baidu, ... Read more ›
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Accel has raised $650 million for a fund focused on backing startups in India, according to a securities filing. The fund’s close, which has not been previously reported, marks Accel’s eighth fund focused on India. Its last India-focused fund, closed in 2022, was also $650 million. Some of Accel ... Read more ›
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Here’s a deal scoop to wrap up the year: RetailNext, a 17-year-old startup that sells smart cameras to bricks-and-mortar retailers for measuring foot traffic, sold earlier this month to multistage investment firm Battery Ventures, people familiar with the matter said. The transaction might sound small, but it could have bigger implications for what’s to come in venture-backed mergers and acquisitions.Battery’s private equity arm paid between $100 million and $200 million... Read more ›
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Nearly four years ago, we started this newsletter because we saw more influencers making careers out of their online followings. While that’s still the case, the year 2024 marked a high for their influence in politics, business and culture. It really felt like creators were everywhere, from becoming a key part of political campaigns to inking big traditional entertainment deals and eating up a bigger share of advertising. It’s a... Read more ›
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23.03.2026 05:56
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