How hard did the NBA try to keep its marriage to longtime cable television partner, Warner Bros. Discovery’s Turner Sports, going? During a new round of negotiations with media companies for rights to air the league’s games, the NBA made it practically impossible for Warner to win one of the multiple deals it was doling out. For example, in its discussions earlier this year with executives from Comcast’s NBCUniversal—which ultimately... Read more ›
21
Meta Platforms shareholders have had a singular concern lately: how the company can go toe-to-toe with Google and Microsoft (and Microsoft partner OpenAI) in developing cutting-edge artificial intelligence while expanding data centers and filling them with costly AI chips to enable future breakthroughs that result in profits.On Wednesday, Meta CEO Mark Zuckerberg helped investors breathe a little easier by showing he can afford to stay in the AI race, at... Read more ›
0
The Securities and Exchange Commission charged Abraham Shafi, the founder and former CEO of social app IRL, with fraud, alleging that he made “false and misleading statements” to investors about the company’s growth and hid his and his fiancées use of company funds for personal expenses. The ... Read more ›
0
A group of more than 100 venture capitalists, including Greylock partner Reid Hoffman, Cowboy Ventures’ Aileen Lee and Mark Cuban, pledged to vote for Vice President Kamala Harris in the upcoming presidential election. It was the most unified show of support for the Democratic candidate from ... Read more ›
0
For all the talk about artificial intelligence, Meta Platform’s digital ad business continues to mint money. Advertising from apps including Instagram and Facebook rose 22% in the second quarter from the year-ago period, to $38 billion. Ads for online commerce sites were the largest contributor to year-on-year growth. The average price per ad and the total number of ad impressions across Meta’s services both increased by 10% in the second... Read more ›
0
XAI, Elon Musk’s one-year-old artificial intelligence startup, has considered acquiring chatbot maker Character.AI as it looks for more ways to test its Grok AI models, according to a person who spoke with xAI leadership about the deal. The discussion may not result in a deal. But the internal debate at xAI points to the types of pairings that are likely to become more common as smaller AI startups such as... Read more ›
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Meta Platforms, the owner of Facebook, Instagram and WhatsApp, on Wednesday reported second-quarter revenue of $39.1 billion, up 22% from a year earlier. The company forecast higher revenue in the third quarter than analysts expected and once again increased its estimate for capital expenditures ... Read more ›
4
Microsoft said that its Azure cloud service experienced a distributed denial of service cyberattack on Tuesday that resulted in outages. Some customers across the globe had issues connecting to some Microsoft services—including Azure, Microsoft 365 and Purview—beginning at around 4:45 a.m. PT. ... Read more ›
0
CEO of Delta Airlines Ed Bastian said in a CNBC interview Wednesday that the outage caused by CrowdStrike software on computers running Microsoft Windows earlier this month cost the airline $500 million in five days. This figure includes losses in revenue as well as compensation to Delta ... Read more ›
9
Shares of Nvidia and other chip firms jumped Wednesday after Microsoft said Tuesday night that it plans to continue spending tens of billions of dollars on new data centers and chips for artificial intelligence. Nvidia shares rose 10% in anticipation it would benefit from the Microsoft moves; ... Read more ›
0
A group of more than 100 venture capitalists, including Greylock partner Reid Hoffman, Cowboy Ventures’ Aileen Lee and Mark Cuban, pledged to vote for Vice President Kamala Harris in the upcoming presidential election. It was the most unified show of support for the Democratic candidate from ... Read more ›
0
If you’ve kept up with this newsletter, you’ve likely learned a lot about retrieval augmented generation, a commonly-used technique that reduces bad results from large language models by providing the models with access to data whose accuracy has been vetted.Artificial intelligence developers have improved traditional RAG (otherwise known as vector-based RAG) by tailoring it to specific domains like law or medicine, but that doesn’t solve the chronic issue of LLMs... Read more ›
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Microsoft has had success reselling OpenAI’s artificial intelligence to its cloud customers, a core part of its plan to build a new multibillion-dollar profit machine. New data show which customers are powering the business. TikTok, for instance, was paying nearly $20 million per month to buy OpenAI’s models through Microsoft as of March, according to someone who saw internal financial documents about it. That was close to 25% of the... Read more ›
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Alibaba plans to launch an AI-powered search engine in September that helps merchants source goods online, the Chinese e-commerce giant said on Wednesday. Using conversational AI, the search engine will be available for all e-commerce merchants, regardless of whether they sell on Alibaba’s ... Read more ›
0
Apple’s artificial intelligence features won’t be ready for this year’s launch of iOS 18 and could be delayed by several weeks to October, Bloomberg reported. The delay underscores the short timeline Apple has had to work on its new AI features, which began in early 2023. Apple tends to make ... Read more ›
0
Patience may be a virtue, but Microsoft Chief Financial Officer Amy Hood is asking investors to take it to extremes. Twice during the Tuesday conference call to discuss the company’s June-quarter results, Hood said Microsoft’s extraordinary investment in building and leasing data centers to support artificial intelligence would pay off over 15 years “and beyond.” Read more ›
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Microsoft shares fell 4% in after-hours trading Tuesday after it said revenue from enterprise software and cloud server rentals rose more slowly in the June quarter compared to the March one. On the bright side, free cash flow rose 11% to $23.3 billion, better than the $21 billion of ... Read more ›
0
Advanced Micro Devices, a top rival to Nvidia in developing artificial intelligence chips, said Tuesday it would generate more than $4.5 billion from sales of such chips this year, up from an earlier projection of $4 billion. Shares rose 6% in after-hours trading. AMD’s data center unit—which ... Read more ›
0
The U.S. Senate on Tuesday voted 91-to-3 to pass a landmark piece of social media privacy and safety legislation that aims to protect children from online harm. The bill, known as the Kids Online Safety and Privacy Act, or KOSPA, now moves to the House, which could take it up after lawmakers ... Read more ›
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Perplexity, an AI-powered search engine startup, announced on Tuesday new partnerships with news publishers including Time, Fortune and WordPress.com. As part of the multi-year deals, the publishers will receive a cut of advertising revenue each time their content is referenced in search ... Read more ›
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Most popular sources
Business Insider
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32% 5 |
Tom's Hardware
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11% 3 |
Gizmodo
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11% 3 |
CNET
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6% 1 |
ScienceDaily
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5% 4 |
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16.11.2025 10:42
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