E-commerce software giant Shopify warned on Tuesday that its free cash flow margin could shrink to the mid-teens in the first quarter, down from 22% in the fourth quarter. Executives attributed the outlook to marketing spending to drive growth, faster growth in the companyās payments business ... Read more āŗ
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You've got to hand it to Elon Musk: He is great at getting attention for his causes. In the latest example, the OpenAI cofounder-turned-rival made a $97.4 billion bid for the assets of OpenAIās nonprofitānamely, control over the OpenAI for-profit arm that runs ChatGPT.Ā This is all part of Muskās monthslong effort to stop the for-profit from getting out from under the control of the nonprofit by converting to a... Read more āŗ
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Apple has recently started working with Chinese internet and e-commerce giant Alibaba Group to roll out artificial intelligence features in China, according to one person with direct knowledge of the decision. The move is part of Appleās strategy to offer more compelling software features to counter declining sales in the country, where it faces increasing competition from domestic brands like Huawei and Vivo. Apple and Alibaba have submitted the Chinese... Read more āŗ
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Shortly after Elon Musk made a surprise $97 billion bid for OpenAIās assets on Monday, its CEO Sam Altman told staff in a message that its board of directors intends to make clear it has no interest in Muskās āsupposed ābidāā and that the offer wasnāt in the interest of OpenAIās mission to develop advanced artificial intelligence for all of humanity, according to a person who saw the message. The... Read more āŗ
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Stripe is considering arranging a sale of shares held by employees that would value the company at $85 billion or more, according to a person who has spoken to the company. The transaction would extend a series of share buybacks, secondary sales and fundraises that have lifted the payments providerās valuation close to its $95 billion peak, which it reached in a 2021 fundraise. These financings have allowed the 15-year-old... Read more āŗ
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Elon Muskās ability to multitask has got to be one of his superpowers. In the past couple of weeks, heās been all in on his contentious DOGE cost-cutting campaign for the Trump administration, a task heās handling in addition to his CEO roles at Tesla and SpaceX. Today comes the news, first reported by The Wall Street Journal, that heās also leading a consortium bidding $97.4 billion for the OpenAI... Read more āŗ
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Meta Platforms is overhauling how it protects user privacy when developing products so the company can release products more quickly, The Information reported. As part of the changes, Metaās privacy teams will have less authority to delay product launches. Instead, product teams will make the ... Read more āŗ
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Lyft plans to launch robotaxis equipped with self-driving technology supplied by Intelās Mobileye in Dallas next year, Lyft CEO David Risher said Monday in a post on X. Japanese auto and fleet financing company Marubeni will provide the cars. Riders will be able to request autonomous vehicle ... Read more āŗ
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Fintech startup Plaid has hired Goldman Sachs to arrange a sale of shares held by employees and early investors, according to a person close to the company. The share sale, of $300 million to $400 million, will help offset taxes associated with employeesā expiring restricted stock units, ... Read more āŗ
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France President Emmanuel Macron said in an interview with France 2 TVĀ Sunday that he expects companies and funds to invest $100 billion in artificial intelligence projects in the county. That kind of investment could help ensure AI companies in the country remain competitive by expanding ... Read more āŗ
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OpenAI CEO Sam Altman on Monday appeared to reject an unsolicited takeover bid from a group of investors led by Elon Musk. Musk and the investors, including his AI developer xAI and some its backers such as Baron Capital Group, Valor Management and Vy Capital, offered $97.4Ā billion to ... Read more āŗ
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Is going ābare metalā in data centers the future for cloud computing? If so, it could signal a shift away from big cloud firms toward a new group of AI computing startups.Bare metal isnāt a subset of rock music but an industry term for renting servers to cloud customers on terms that give them access to the hardware, allowing customers to control servers directly and run their own operating software.... Read more āŗ
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Meta Platforms has erected guardrails around how it develops new products over the past decade to better protect the privacy of its more than 3 billion users following high-profile breaches. Now executives are lowering those guardrails so the company can release products more quickly. Among the changes, privacy teams will have less authority to delay product launches. Instead, product teams will have the final say over what privacy risks are... Read more āŗ
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TikTok CEO Shou Chew met with senior White House officials last week and offered a proposal that included joint venture with U.S. investors, the Wall Street Journal reported. The new venture would be based in the U.S. and oversee data security, with U.S.-based management and a majority of ... Read more āŗ
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Tesla CEO Elon Musk said he is not interested in buying TikTokās U.S. business. āI have not put in a bid for TikTok,ā he said at a conference in Germany, which was made public on Saturday. āI donāt have any plans for what would I do if I had TikTok.ā āI donāt use TikTok personally,ā he said. āIā ... Read more āŗ
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Welcome, Weekenders! In this newsletter:ā¢ The Big Read: The Thiel protĆ©gĆ© set to dispense a dose of abrupt change to the U.S. Health Departmentā¢ The Top 5:Ā The best high-tech protective gear for skiers and snowboardersā¢Ā Plus, our Recommendations: A tricky traitor in the Troubles; a deeply researched television set; and Michael Fassbender goes James Bondāish Oh, bonjour, Monsieur le Vice-PrĆ©sident!Ā Next week, JD Vance will bid adieu to the... Read more āŗ
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My first ski helmet was ridiculous. Whenever I wore it, it looked like I had an upside-down fruit bowl on my head. I initially bought it back around 2002, a time when just a quarter of skiers wore helmets, according to the National Ski Areas Associationās annual survey. And no wonder: Back then, ski goggles and helmets were often shaped incompatibly with each other, and neither had any impressive optical... Read more āŗ
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Kash Patel, President Donald Trumpās nominee to head the FBI, ownsĀ stocks valued between $1 million to $5 million in a company that controls Chinese retailer Shein,Ā according to Patelās financial disclosures and lobbying and corporate records. Patel obtained the shares by serving as a ... Read more āŗ
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Anduril is in talks to invest about $2.5 billion at a $28 billion valuation before the new investment, according to three people with knowledge of the fundraising talks. The new financing, more than double the valuation of a financing announced in August, is expected to include $1 billion from ... Read more āŗ
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How long can computer servers be expected to last? Donāt groanāthatās a real issue. After all, if a company is spending tens of billions on servers annually, they presumably donāt want to replace them every other year. But as we learned in the past week or two from December quarterly earnings reports, the big tech companies have differing opinions on this point. And it has a lot of significance for... Read more āŗ
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16.05.2026 07:57
Last update: 07:50 EDT.
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