President Donald Trump has nominated Brian Quintenz to be the next chairman of the Commodity Futures Trading Commission, the federal regulatory agency that oversees U.S. derivatives markets, Quintenz said in a post on X. Quintenz is currently the head of policy for Andreessen Horowitz’s crypto ... Read more ›
0
AppLovin shares jumped nearly 30% in after-hours trading Wednesday after the mobile gaming giant reported revenue growth of 44% in the fourth quarter, topping the company’s own forecast as advertising revenue surged. The company, which generates revenue from placing ads in mobile games and apps ... Read more ›
0
Since its launch in 2020, soda startup Poppi has used social media and viral trends to spread the word about its low calorie sodas. It’s also made attention-grabbing partnerships with creators a big piece of its strategy. The brand hosted influencer Alix Earle in a Poppi-themed house at Coachella last year to promote the launch of its lemon lime flavor, for instance.  But sometimes those big splashes can unexpectedly backfire,... Read more ›
0
Robinhood reported fourth-quarter revenue of $1.01 billion, more than double the same period a year earlier, driven by a surge in crypto trading. The trading app’s shares rose 12% in post-market trading. Robinhood said crypto revenue was $358 million in the quarter, up over 700% from a year ... Read more ›
0
Crypto has been in the spotlight since the election of President Donald Trump, who has promised to ease regulations and make the U.S. the crypto capital of the world. What the crypto industry probably didn’t anticipate, however, is that Trump himself would also be at the center of a new mania—meme coins—that’s stoking trading frenzies as well as crypto-skeptic scorn. In a call with subscribers, The Information founder and CEO... Read more ›
0
Temu and Shein’s U.S. sales dropped in the days following an executive order by President Donald Trump that briefly ended an import exemption used by both bargain sellers to avoid paying China tariffs, Bloomberg reported on Wednesday. Between Feb. 4 and Feb. 9, Shein’s daily sales dropped as ... Read more ›
0
How fierce is the fight for talent at OpenAI and its rivals?One sign came Tuesday when Josh Kushner, founder of major OpenAI investor Thrive Capital, gave a presentation to some of OpenAI’s staff. As part of his talk about why Thrive had committed over $1 billion to the ChatGPT maker, Kushner drove home this message: Leaving would be a bad economic decision.At a staff meeting, Kushner and partner Vince Hankes... Read more ›
14
The last time SoftBank CEO Masayoshi Son bet tens of billions of dollars on hot startups, he made snap decisions and took advice from a group of swashbuckling investors known as much for their infighting as for their deals. Today, he’s moving more deliberately and listening to people like Vikas J. Parekh, who has emerged as Son’s trusted deputy for SoftBank’s big push into AI. Read more ›
41
Trendy soda brand Olipop announced $50 million in fresh funding Wednesday at a valuation of $1.85 billion, a jump from the company’s last publicly disclosed valuation of $200 million in early 2022. JPMorgan Growth Equity Partners led the round. The company is profitable, CEO Ben Goodwin said in ... Read more ›
0
As the OpenAI-Elon Musk drama bogged down in arguments about whether Musk’s group had actually sent the takeover offer to the board, another issue surfaced. While OpenAI is signalling it will dismiss the Musk-led group’s offer, it turns out any of OpenAI’s 10 board directors could take matters into their own hands. That’s because of a California corporate law that says a board director can “bring an action to enjoin,... Read more ›
2
So far, most of the spotlight on Silicon Valley’s Washington invasion has focused on how Elon Musk and a band of young techies from his companies are scouring the federal government looking for waste. But a significant cohort of staff from other Valley firms are assuming outsize roles in the Trump administration as well. In fact, you could practically call this the Andreessen Horowitz administration. In our org chart showing... Read more ›
0
Alibaba’s stock closed 8.5% higher in Hong Kong Wednesday, following The Information’s report on the e-commerce giant’s partnership with Apple. Apple has partnered with Alibaba to roll out its AI features for iPhone users in China, and the two companies have submitted the features they ... Read more ›
0
Positron, a developer of artificial intelligence chips that compete with Nvidia’s, raised $11 million from Flume Ventures, Valor Equity Partners and Atreides Management, all of which are known for backing hardware firms, The Information reported. Valor and Atreides have invested in companies ... Read more ›
0
Here’s a question: If you had to choose between Sam Altman and Elon Musk as the best person to safeguard the future of humanity, who would you pick? It’s a tough choice—you can be forgiven if you say neither. A (slightly) easier question is: If you had to pick one of them to run OpenAI, who would it be? Conventional wisdom is that a Musk-led group’s bid for OpenAI on... Read more ›
0
Lyft’s stock dropped 11% in after-hours trading after the company forecast gross bookings for its ride-hailing and bike rental business will slow in the current quarter as winter weather and lower pricing weigh on sales. The San Francisco company said revenue for the fourth quarter rose 27% year ... Read more ›
0
Food delivery service DoorDash reported on Tuesday 25% growth in revenue in the fourth quarter, in line with the third quarter growth rate. The company posted net income of $141 million, a big swing from the $154 million it lost in the corresponding quarter a year ago. The quarter also showed ... Read more ›
0
Will a private tech company reach a $1 trillion valuation in the coming years? It’s not a ridiculous question. A couple of companies seem like potential candidates. OpenAI is closing in on $300 billion in its financing with SoftBank, and SpaceX recently shot to $350 billion. Read more ›
14
TikTok now has 53 days to figure out a deal to keep it alive in the U.S.—otherwise it will have to go dark again under a law passed last year. While President Donald Trump delayed enforcement of that law until early April and has signaled he wants to find a way for TikTok to stay in the U.S., it’s worth looking at what happened to the video app’s staff and... Read more ›
0
Meta Platforms is in talks to buy South Korean AI chip startup FuriosaAI, according to Forbes. If the talks progress, such an acquisition would give Meta more firepower in its efforts to develop custom chips. Founded in 2017, FuriosaAI is reportedly holding discussions with multiple companies ... Read more ›
6
Two artificial intelligence trends have converged at Pinterest: the growing usefulness of AI in improving advertising, and how falling costs of such technology can benefit large application developers more than other types of companies.Pinterest is a bit of a rarity in AI. For years, the online scrapbooking company has trained its own AI models to power content recommendations and advertising technology, but it’s also now a major buyer of AI... Read more ›
2
Most popular sources
ScienceDaily
|
0% |
UK Tech News
|
0% |
Silicon Canals
|
0% |
Tech.eu
|
0% |
EU-Startups
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
16.05.2026 07:57
Last update: 07:50 EDT.
News rating updated: 14:51.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.