Snowflake had been riding high before the artificial intelligence boom. But questions about the usefulness of its data management products for AI developers—a growing source of revenue for rivals like Databricks—and a broader pullback in business software spending have sent its stock plummeting 42% so far this year. Now, in an effort to jump-start slowing revenue growth, Snowflake is discussing a partnership with Canadian AI model developer Cohere that would... Read more ›
38
A group of venture capitalists who have pledged to support Vice President Kamala Harris in her White House run said late Wednesday they had collectively raised more than $125,000 for a PAC called the Harris Victory Fund. On a web conference call Wednesday, they announced investor Ron Conway had ... Read more ›
0
We’re in unstable times. Today’s stock market action, where a morning rally gave way to an afternoon sell-off, was the latest evidence. There’s surely lots of reasons for this volatility, but uncertainty about the economy has to be top of the list.Some quarterly earnings reports in the past couple of days demonstrated why investors might be uneasy. Disney today sparked alarms among its investors by reporting an unexpected “moderation of... Read more ›
0
Humane, a maker of an artificial intelligence-powered pin, has handled more returns of its $699 device than it sold between May and August, according to The Verge, which cited a source with knowledge of its financial data. Humane’s AI Pin brought in over $9 million in “lifetime sales” but more ... Read more ›
0
If the Paris Olympics has shown us anything, it’s that athletes are going viral for more than winning medals in their sports. American gymnast Stephen Nedoroscik, who became known as “Pommel Horse Guy” after winning two bronze medals at the Games, has incited a social media storm of dad jokes and has caused boys to join gymnastics classes in droves. Similarly, Henrik Christiansen, a Norwegian swimmer, has posted more TikToks... Read more ›
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Robinhood reported record quarterly revenue of $682 million, up 40% from a year ago, driven by a surge in trading in crypto and equities. Crypto revenue jumped 161% from a year ago to $81 million, while equities revenue rose 60% to $40 million. Net income increased to $188 million, up from $25 ... Read more ›
0
Warner Bros. Discovery wrote down the goodwill value of its TV networks by $9.1 billion, citing uncertainties over its NBA rights and the softness it is seeing in the U.S. TV ad market. The writedown plunged the company into a loss of $10 billion for the quarter, compared with a loss of $1.2 ... Read more ›
0
Meta Platforms is in talks to license its Horizon virtual reality software to Indian technology company Jio, according to three people with knowledge of the situation, the latest sign of how Meta is trying to extend its influence in VR and augmented reality beyond its own devices. The talks, which may not lead to a deal, center on Meta providing its Horizon software to power a VR device Jio would... Read more ›
20
OpenAI CEO Sam Altman has long been interested in building an AI-powered device for consumers, similar to the one featured in Spike Jonze’s movie “Her.” He’s personally invested in wearable AI pin startup Humane and separately worked with ex-Apple designer Jony Ive on a personal AI device.Now OpenAI startup's fund, which invests in promising AI startups that are often also users of its conversational AI software, is backing another hardware... Read more ›
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Shopify’s revenue grew 21% year-over-year to $2.05 billion in the second quarter. That beat the company’s own outlook of high-teens growth, sending its shares up more than 20% on Wednesday morning. Shopify, which sells commerce software and merchant services including payments, reported a net ... Read more ›
0
Zillow, the online real estate listings powerhouse, has tried for years to diversify its business away from advertising. It tried flipping homes but abandoned that effort after losing lots of money. Now, its biggest chance at branching out is using its strength in home listings and tight relationships with real estate agents to grow its mortgage business. The company may be walking a fine line. Under U.S. mortgage laws, it’s... Read more ›
0
Lyft reported 41% higher revenue of $1.4 billion in the second quarter, far outpacing the 17% expansion in its gross bookings, a sign that the no. 2 ride hailing firm is keeping more of the fares from its business. The company also reported solid free cash flow of $256 million, compared with ... Read more ›
0
Disney said it turned a profit in its combined streaming businesses for the first time, driven by its ESPN+ subscription service, according to the company’s latest earnings report. ESPN+ saw a profit of $66 million, which helped Disney’s streaming services eke out a profit of $47 million during ... Read more ›
0
Techstars, a startup accelerator based out of New York, has laid off 17% of staff, or 46 people, according to a letter sent by CEO and co-founder David Cohen to the company’s staff and a person who spoke to the company’s leaders. The cuts, which haven’t been previously reported, mark the ... Read more ›
0
Airbnb shares fell 17% in after hours trading after it warned that revenue growth in the current quarter would slow from the second due in part to “some signs of slowing demand from U.S. guests” during the summer travel season. The short-term rental company expects revenue in the third quarter, ... Read more ›
0
You might not know it from the news of the past few days, but weather-wise we’re in the dog days of August. And that’s an ideal time to try Meta Platforms’ Ray-Ban smart glasses (no one wants to walk around wearing sunglasses in the winter gloom). Based on my personal experience, Meta Platforms CEO Mark Zuckerberg is onto something when he predicts these eyeglasses will be a “really big product.”I... Read more ›
0
Reddit reported a 54% increase in revenue to $281 million, as its efforts to expand its ad business paid off, along with a surge in data licensing from its deals with AI companies. Reddit projected slightly slower growth in the third quarter of around 45%, sending the company’s stock down ... Read more ›
0
There must be something in the air in Silicon Valley, because founders are leaving their companies left and right. OpenAI, still recovering from its board’s short-lived ouster of CEO Sam Altman, has seen a steady stream of co-founders depart this year. The latest example is John Schulman, who’s joining rival artificial intelligence company Anthropic. He follows founding members Andrej Karpathy and Ilya Sutskever out the door. These exits have left... Read more ›
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Crypto executives and other industry boosters are racing to get face time with Vice President Kamala Harris and her representatives ahead of November’s presidential election, seeing a chance for a fresh start after a bruising crackdown under President Joe Biden’s administration. Industry groups including the Blockchain Association are among those requesting meetings with Harris, the presumptive Democratic nominee, and her campaign team, according to Kristin Smith, the organization’s CEO. “She... Read more ›
1
A weak July jobs report last week has been rocking the stock market. But in the creator economy, hiring has been picking up—at least as of the second quarter. The number of open roles at creator-related companies rose 66% during the second quarter compared to the first three months of the year, according to Creator Economy Jobs, a job board focused on the sector. Interest from job seekers is growing,... Read more ›
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Most popular sources
Business Insider
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33% 6 |
Tom's Hardware
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17% 12 |
Android Authority
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8% 5 |
CNET
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5% 2 |
Mashable
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4% 2 |
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16.11.2025 05:50
Last update: 05:40 EDT.
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