Since chip-design firm Arm Holdings went public last September, excitement around generative AI has sent its stock soaring, to a high last month of $188, more than triple its initial public offering price. While the stock has since fallen back a bit, investors are still valuing Arm at a big premium to Nvidia both on a multiple of future revenue and profits. That’s despite the fact that Nvidia dominates the... Read more ›
10
State Street, the Boston-based custody and financial services giant, has tapped Swiss startup Taurus as a technology vendor for its digital assets services. State Street will use Taurus’ technology to build tokenization services for clients, allowing them to record and transfer traditional ... Read more ›
0
Palo Alto Networks on Monday said revenue rose 12% to $2.2 billion in the July quarter, or 1 percentage point higher than the cybersecurity software seller had projected three months ago. The company said revenue growth would be similar in the October fiscal quarter, and that its free cash flow ... Read more ›
0
Sports fans, listen up. If you were planning to sign up for the new Venu sports-streaming service due to launch this fall—to include sports cable channels such as ESPN, TNT and Fox Sports 1, all for the cut-rate price of just $43 a month—think again. Chances are Venu will never see the light of day, thanks to a judge’s ruling on Friday night blocking the launch temporarily.A read of the... Read more ›
0
General Catalyst has hired investment manager Blackstone’s global head of marketing, Arielle Gross Samuels. She will lead marketing and communications when she joins the venture capital firm’s New York office in early September, according to a spokesperson. The hire speaks to the growing ... Read more ›
2
Disney+ and Warner Bros. Discovery’s Max have bet their futures on shows built around Marvel action heroes and George R.R. Martin fantasy novels, or what former WarnerMedia CEO Jason Kilar called “beloved characters and worlds.” But these streaming services, and their legacy media competitors, are struggling. Such shows are expensive to produce and don’t generate enough subscribers to justify the cost. And there are typically long gaps between seasons, when... Read more ›
0
Mike Lynch, a tech entrepreneur who was recently acquitted of fraud related to the $10.3 billion sale of software firm Autonomy to Hewlett Packard in 2011, is among seven people missing after a superyacht sank near Sicily. The yacht was anchored off Sicily when a storm struck the 184-foot vessel ... Read more ›
0
For the past year, an enterprising bunch of freelance hackers has been publicizing on social media how they’ve been able to manipulate the most sophisticated artificial intelligence models. Their “jailbreaks” produce answers that violate the models’ own guardrails, by prompting the models to disclose designs for weapons, drug recipes or sexually explicit images. In response, AI model makers like Anthropic, taking a page from the cybersecurity industry, have started to... Read more ›
0
AMD is acquiring ZT Systems, which sells AI infrastructure for cloud computing firms, for $4.9 billion in cash and stock. The acquisition is aimed at boosting AMD’s ability to sell AI technology for data centers. ZT “adds world class systems design and rack scale solutions expertise,” said ... Read more ›
0
Thomvest Ventures was finishing an early-stage investment in an artificial intelligence startup when the San Francisco–based firm’s managing director, Don Butler, noticed Thomvest’s lawyer had made a subtle change to the fine print of the deal’s term sheet. In a section outlining what would constitute a liquidation event for the startup—typically, a sale, initial public offering or bankruptcy—the lawyer had added “an exclusive and material license of the company’s intellectual... Read more ›
1
Amid a groundswell of Democratic support in Silicon Valley, Alex Karp, the Palantir co-founder, has broken his usual silence to publicly endorse Kamala Harris. Karp, who seldom gives media interviews, told The New York Times that he had given President Joe Biden $360,000—a sum that would make ... Read more ›
1
Welcome, Weekenders! In this newsletter:• The Big Read: Can AI and a new CEO save Snowflake, a onetime Silicon Valley darling?• Silicon Valley’s surprise fashion obsession.Plus: A digital deep cleanse; Mark Ronson at the museum; and hidden gems of cinema. One muggy Monday evening earlier this month, hundreds of activists flooded the west front lawn of the U.S. Capitol building, chanting “People over profit” and carrying handmade signs urging social... Read more ›
0
A month or so ago, Brian Solis wore some flashy bling to dinner with friends in Lake Tahoe: his new Ray-Ban Meta glasses. “I didn’t wear them for them to be a topic of conversation,” said Solis, head of global innovation at ServiceNow, an enterprise software company. “But they were a topic of conversation.” He showed off the black, slimmish, Wayfarer-style specs to his friends and demoed their technical capabilities:... Read more ›
27
Proposed California legislation that would regulate artificial intelligence companies is headed to a full vote in the state’s Assembly after a committee passed a version that included amendments supported by chatbot maker Anthropic. The AI legislation, SB 1047, would impose legal requirements on ... Read more ›
0
Michael Moritz, you owe Ben Horowitz a drink. The Andreessen Horowitz partner did a masterful job of promoting an article The San Francisco Standard, a news publication owned by Moritz, published today—so much so that you might imagine Horowitz, too, has an investment in the publication!I’m kidding. In a tweet, Horowitz accused Moritz (who is of course a famous longtime but now retired Sequoia Capital partner) of having his “fake... Read more ›
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A federal judge has blocked a joint venture between Disney, Fox and Warner Bros. Discovery to launch a new sports-focused streaming service this fall, ruling that it will harm competition. The streaming service, called Venu Sports, would offer sports TV channels and other live and on-demand ... Read more ›
0
Co-hosting a podcast often allows me to riff on a topic that I'd like to learn more about. For me, one of those topics has been what's going on with younger generations and tech. Young people are immersed in technology. But lately it has seemed like they are also ditching it too. I knew my co-hosts would have some smart opinions. And this week easily became one of our favorite... Read more ›
2
Donald Trump has appointed Cantor Fitzgerald chief executive officer Howard Lutnick and World Wrestling Entertainment co-founder Linda McMahon to lead his transition team, preparing for a possible second administration. Trump also picked his running mate J.D. Vance and his sons, Eric and Donald ... Read more ›
0
Electric automaker Rivian has temporarily halted production of delivery vans for Amazon due to a shortage of parts, a spokesperson said. Rivian expects to make up all missed production, the spokesperson said, though they did not say when production will resume. An Amazon spokesperson said the ... Read more ›
0
Sridhar Ramaswamy seldom takes a day off. He prefers to work seven days a week, putting in a “non-small number of hours” on the weekend, he said, usually in the morning before his wife, a dentist, wakes up and then again in the afternoon. “Listen, I’m from India: We’re always very insecure. I can’t sit around and not do anything,” he said. “I like to work.” As the new CEO... Read more ›
8
Most popular sources
Business Insider
|
40% 15 |
Tom's Hardware
|
15% 7 |
CNET
|
6% 3 |
Android Authority
|
6% 2 |
The Verge
|
5% 2 |
| View sources » | |
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16.11.2025 01:18
Last update: 01:10 EDT.
News rating updated: 08:10.
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