TikTok agreed to permanently withdraw the rewards offering of its standalone TikTok Lite app in order to comply with the European Union’s Digital Services Act. The European Commission expressed concerns about the new app’s “Task and Reward Program,” which offered points that could be redeemed ... Read more ›
15
Groq, an Nvidia challenger that develops chips specialized for running large language models, raised $640 million in Series D funding at a valuation of $2.8 billion, the company announced on Monday. Funds managed by BlackRock through its Private Equity Partners team led the fundraising, with ... Read more ›
0
Morgan Stanley on Friday told its roughly 15,000 financial advisers that they are allowed to pitch wealthy clients on investing in two bitcoin exchange-traded funds starting next Wednesday, according to a person familiar with the policy. The two funds are BlackRock’s iShares Bitcoin Trust ... Read more ›
0
Thrive Capital, the New York-based venture capital firm led by Josh Kushner, has raised $5 billion across two new funds, its largest haul yet, The Wall Street Journal earlier reported. Thrive’s portfolio includes large stakes in Stripe and OpenAI. Recently, the firm made an investment ... Read more ›
0
Google may have just paid one of the biggest signing bonuses in the history of Silicon Valley to hire two artificial intelligence researchers who left the search giant three years ago. On Friday, after chatbot developer Character announced that its founders and some other employees were going back to Google, Character told its roughly 130 employees that Google would pay a licensing fee (ostensibly for Character’s technology) that effectively valued... Read more ›
0
Carta, which makes software to help companies keep track of their shareholders, seemed to be executing the Silicon Valley startup playbook perfectly. In 2022, it landed an $8 billion valuation from the likes of Andreessen Horowitz and Silver Lake. Growth in annual recurring revenue hummed to 44% that year. Then the tides turned. Carta’s ARR grew by only 19% annually at the end of last year, to $380 million, according... Read more ›
11
Nvidia shares plunged as much as 9% in pre-market trading early Monday morning, after The Information reported that the company’s upcoming artificial intelligence chips are facing production delays by at least three months due to design flaws. As of market close on Friday, Nvidia’s share price ... Read more ›
0
Welcome, Weekenders! In this newsletter:• The Big Read: Will BlackSky be a space race standout—or another cautionary tale?• The Top 5: Techies love at-home blood tests.Plus: A digital mood board; mom versus Big Brother; and Terry Gilliam’s time arrives again.We live in an age in which artificial intelligence has already altered our lives and continues to do so. Yet as this period goes on, I’m more and more convinced all... Read more ›
31
After the initial onslaught of Covid-19, 40-year-old Derrick Johnson made a deliberate decision to be more intentional regarding his health. “Both my mother and my father passed early—from lung cancer and a heart attack—and there’s been various cancer deaths in my family,” he said. “I really wanted to become more analytical around what health looks like and understand myself more holistically.” Johnson, co-founder and CEO of Encounter AI, was drawn... Read more ›
2
Nvidia’s upcoming artificial intelligence chips will be delayed by three months or more due to design flaws, a snafu that could affect customers such as Meta Platforms, Google and Microsoft that have collectively ordered tens of billions of dollars worth of the chips, according to two people who help produce the chip and server hardware for it. Nvidia this week told Microsoft, one of its biggest customers, and another large... Read more ›
332
Anyone involved in artificial intelligence right now has to be entering the weekend deeply introspective about when this technology will actually start making businesses money. One by one, big tech companies have spent most of the past two weeks telling shareholders about their mammoth investments in AI that sent capital expenditures skyrocketing. Microsoft and Amazon each grew capex more than 50% in the calendar second quarter compared with one year... Read more ›
12
Former President Donald Trump said in an interview with Fox Business that Meta Platforms CEO Mark Zuckerberg called him after the former president survived an assassination attempt in July. Trump said Zuckerberg told him he would not support a Democrat because he “respected” Trump for his ... Read more ›
0
Elliott Management, a hedge fund based in Florida, said that Nvidia and other megacap technology stocks were in “bubble land,” according to a letter viewed by the Financial Times. The firm told its investors it is doubtful that technology companies will continue purchasing large quantities of ... Read more ›
0
Former President Donald Trump said Mark Zuckerberg had apologized to him over a snafu with Meta Platforms’ AI chatbot, which briefly said Trump hadn’t recently survived an assassination attempt. In an interview with Fox Business this week, Trump pulled Zuckerberg further into politics, saying ... Read more ›
0
Morgan Stanley on Friday told its roughly 15,000 financial advisers that they are allowed to pitch wealthy clients on investing in two bitcoin exchange-traded funds starting next Wednesday, CNBC reported, citing people with knowledge of the policy. The two funds are BlackRock’s iShares ... Read more ›
0
The Justice Department sued TikTok and ByteDance on Friday for allegedly violating children’s privacy by collecting extensive data on kids under the age of 13 and failing to comply with parents’ requests to delete such data. The complaint, which was filed in a California District court, alleges ... Read more ›
0
Google has agreed to pay a licensing fee to chatbot maker Character.AI for its models and will hire its cofounders and many of its researchers, Character’s leaders told staff on Friday. The leaders told Character staff that investors would be bought out at a valuation of about $88 per share, the leaders said in a meeting. That’s about 2.5 times the value of shares in Character’s 2023 Series A, which... Read more ›
37
Stop whatever you’re doing and look up at the sky. Now give Brian O’Toole, CEO of BlackSky Technology, a big smile. One of his company’s 16 state-of-the-art satellites might be passing overhead, ready to take your picture. “The plain-English thing about what we do is we have a satellite flying over your house every hour,” said O’Toole. Take a little comfort: Those satellites don’t actually have sharp enough vision to... Read more ›
26
Higher interest rates have been a boon for Circle Internet Financial’s business. Now, with the threat of a Federal Reserve rate cut looming and timing for a planned initial public offering up in the air, the stablecoin issuer is finding ways to branch out. Boston-based Circle generates revenue mostly from earning interest on the tens of billions in cash, Treasuries and other assets that back its popular USDC stablecoin. Circle... Read more ›
6
Apple is pressuring Tencent and ByteDance, two of China’s biggest tech firms, to close loopholes that let developers of mini-programs bypass Apple’s app commissions, Bloomberg reported. The move comes as Apple looks to shore up revenue in China but could draw more anti-trust scrutiny from ... Read more ›
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Most popular sources
Business Insider
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25% 6 |
Gizmodo
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13% 6 |
Slashdot
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11% 8 |
Tom's Hardware
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8% 2 |
CNET
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7% 4 |
| View sources » | |
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16.11.2025 08:01
Last update: 07:50 EDT.
News rating updated: 14:51.
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