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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Intel said Thursday that it would cut 15,000 jobs or more than 15% of its workforce over the next two years and embark on a $10 billion cost-reduction plan to improve its competitiveness. The announcements came after Intel reported that revenue in the second quarter of this year shrank by 1% ... Read more ›
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Antitrust officials in the U.S. Department of Justice have begun reaching out to Nvidia competitors, including chip giants such as Advanced Micro Devices, to investigate complaints about alleged anticompetitive practices, The Information reported on Thursday. Officials are looking into whether ... Read more ›
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Antitrust officials at the U.S. Department of Justice are investigating complaints that Nvidia is allegedly abusing its market dominance in selling chips that power artificial intelligence. In recent weeks, U.S. officials reached out to several Nvidia competitors, including Advanced Micro Devices and AI chip startups, to gather information about the complaints, according to two people involved in the discussions. The issues range from allegations that Nvidia has threatened to punish... Read more ›
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We want to start this evening’s Briefing by congratulating and thanking all the people who were involved in securing the release of Wall Street Journal reporter Evan Gershkovich and other prisoners from Russia, in a major victory for press freedom. Make sure to read The Journal’s story about the remarkable effort to rescue him here.Now on to the day’s tech news…Amazon's Slowing Ad GrowthHold those horses! Amazon’s giant ambitions in... Read more ›
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Food-delivery platform DoorDash reported that its revenue in the latest quarter was $2.63 billion, 23% higher than in the same period last year and beating analysts’ expectations. It also said that it narrowed its net loss to $158 million, compared to $172 million in the second quarter of 2023, ... Read more ›
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Amazon Web Services revenue grew 19% year-over-year to $26.3 billion in the second quarter, AWS’s fastest growth since 2022 but still a significantly lower growth rate than at smaller cloud rivals Microsoft and Google. On a call with reporters, Amazon CFO Brian Olsavksky said generative ... Read more ›
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Selling online ads is great if you’re Meta Platforms. For the rest, it’s increasingly blah. Snap joined a parade of internet companies to warn digital advertising growth was cooling, catching Wall Street by surprise. The news took 20% off the price of Snap shares in after-hours trading Thursday. The parent of Snapchat said it expects third-quarter revenue to rise between 12% and 16%, slower than 16% in the second quarter... Read more ›
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Coinbase, the largest U.S. crypto exchange, said revenue doubled to $1.4 billion in the second quarter from a year earlier, driven by higher crypto trading activity as well as subscription and services revenue. Net income was $36 million, Coinbase’s third consecutive quarterly profit, though it ... Read more ›
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Leslie Feinzaig, a venture capitalist and founder of the community group Female Founders Alliance, buys web addresses often, usually shortly after she develops a new idea. “I have an embarrassingly long list of URLs,” she said in an interview Thursday afternoon. However, few of these URLs have sparked a movement in venture capital quite like VCsForKamala.org. The list of venture capitalists pledging their support for Vice President Kamala Harris featured... Read more ›
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Snap shares fell more than 20% in after-hours trading on Thursday after the company said revenue could grow more slowly during the third quarter. Revenue at the Snapchat parent rose 16% to $1.2 billion in the second quarter from the same period last year, slower than the first quarter’s 21% ... Read more ›
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Apple’s iPhone sales declined slightly, but the company’s services and iPad businesses came through, lifting overall sales 5% in the June quarter. Apple said its total sales for the quarter ended June 29 rose to $85.78 billion from $81.8 billion in the same period a year earlier, as net income ... Read more ›
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Ever since ChatGPT exploded, tech companies have been racing to replicate its success with their own large language models, from Google’s Gemini to Meta Platforms’ Llama. But bigger isn’t always better. Small language models promise enterprises less lag, lower costs and a smaller environmental footprint. Amir Efrati, executive editor of The Information, sat down with three artificial intelligence developers to discuss the advantages of leveraging SLMs, how they’re primed to... Read more ›
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Evan Gershkovich, the Wall Street Journal reporter convicted in a Russian court last month of espionage charges, will go free in a high-profile prisoner swap orchestrated between America and Russia that involved 24 prisoners and six countries. The Journal and other major media corporations had ... Read more ›
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Michelle Ritter felt stuck. She knew it was an odd thing to say last month, as she sat on the living-room carpet of the 13-bedroom Bel Air mansion—previously owned by the Hilton family—that she currently lives in. The owner of the mansion is Eric Schmidt, the 69-year-old former Google CEO, whom Ritter, 30, began dating in 2020 when she was an ambitious third-year student at Columbia University’s law school. The... Read more ›
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The OpenAI Startup Fund has invested in a $3.5 million seed round for the artificial intelligence startup Heeyo, which is developing an iOS and Android app to help children learn using AI, according to Heeyo founder Xiaoyin Qu. The financing values the company at over $20 million, Qu said. Qu ... Read more ›
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Cerebras, an Nvidia rival that develops AI chips, has filed confidentially with securities regulators for an initial public offering, the company announced on Thursday. The filing highlights how chip developers hope to ride the wave of customer and investor enthusiasm over AI hardware that’s ... Read more ›
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Industrial robotics software maker Covariant has received takeover interest from Amazon, Bloomberg News reported on Wednesday. Covariant, which was valued at $625 million in an April 2023 fundraising round according to PitchBook, is backed by investors including Index Ventures, Singaporean ... Read more ›
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Andreessen Horowitz general partner John O’Farrell has pledged to vote for Kamala Harris in the upcoming 2024 presidential election, according to a public list that highlights investors that support the Democratic party candidate. The support comes two weeks after Marc Andreessen and Ben ... Read more ›
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The big fish of artificial intelligence are again circling a minnow. Elon Musk’s xAI has considered buying Character.AI, which makes chatbots for hyperrealistic roleplay, my colleagues Natasha and Stephanie and I reported yesterday. Such a purchase would give xAI new avenues for testing and improving its models, as well as additional technical talent.Character had previously discussed a research partnership with xAI, as well as with Google and Meta Platforms. Nothing... Read more ›
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12% 4 |
Tom's Hardware
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5% 3 |
CNET
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5% 1 |
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16.11.2025 10:54
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