Pinterest shares dropped almost 11% after hours Tuesday after the social media site warned of a slowdown in revenue growth. The online scrapbooking site said revenue for the second quarter rose 21% from the year ago period to $854 million, slightly higher than its own forecast. The company ... Read more ›
0
There was a palpable sense of trepidation in the air in San Francisco and on Sand Hill Road during my latest visit last week.Venture capitalists are increasingly stressed by the frenetic pace of artificial intelligence deals, which they say resembles the frenzied check-writing of 2021. They are also growing more concerned about the lack of "moats"—unique competitive advantages—that AI startups possess, as well as the poor quality of their revenue,... 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
As remarkable as it sounds, we’re already in the second wave of artificial intelligence chatbots. As Sylvia, Kalley and I reported earlier today, Meta Platforms has scrapped its high-profile celebrity chatbots—the ones modeled after public figures and creators such as Charli D’Amelio, whose avatar, Coco, offered dancing tips—after they failed to take off with users. Read more ›
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Microsoft shares fell 6% in after-hours trading after it said Tuesday that revenue from enterprise software and cloud server rentals rose more slowly in the June quarter compared to the March one. The company generated $64.7 billion in revenue in the three months ending in June, up 15% from the ... Read more ›
0
Amazon’s healthcare business lost about $1.3 billion on $2.5 billion in revenue in 2023, according to internal figures and projections reported by Business Insider. Amazon has never publicly broken out financials for the healthcare business, which includes One Medical, the primary care provider ... Read more ›
0
OpenAI began releasing its voice-based artificial intelligence, which allows customers to speak with ChatGPT, to a small group of paying subscribers, with plans for a wider release in the fall, the company said Tuesday. The move comes a month after OpenAI said it would delay the release of the ... Read more ›
0
Meta Platforms has scrapped its first high-profile foray into consumer artificial intelligence—chatbots played by celebrities and social media influencers such as Charli D’Amelio, MrBeast and Paris Hilton. The reversal, less than a year after Meta launched the celebrity chatbots, shows how even the biggest tech companies haven’t figured out how to transform breakthroughs in generative AI into winning consumer products. Read more ›
11
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 harms. 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 ›
0
Berlin-based freight forwarding startup Sennder said Tuesday that it plans to acquire the European trucking brokerage business of U.S. logistics giant C.H. Robinson. The deal will double Sennder’s annual revenue to about $1.5 billion from $750 million and add about 700 new employees to Sennder’s ... Read more ›
0
The U.S.’s main product safety regulator ruled Tuesday that Amazon can be held responsible for recalling defective or dangerous goods sold by outside sellers on its marketplace, a major blow against the e-commerce giant’s argument that it merely acts as a connector between buyers and sellers. In ... Read more ›
0
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 ›
3
To expand the market for artificial intelligence, developers must create large language models that can reason through customers’ problems, not just parrot answers based on what’s in the models’ training data.While OpenAI and Google are throwing tons of capital at developing AI that solves problems it hasn’t seen before, small startups and individuals say they’ve come up with cheap hacks to achieve some forms of AI reasoning.Many of these shortcuts... Read more ›
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The bankers, lawyers and other advisers who usher tech companies through initial public offerings have already written off 2024 as another lost year. That has put an added spotlight on which companies are taking new concrete steps to list publicly next year. The lineup is starting to take shape: Skims, the apparel company co-founded by Kim Kardashian, is preparing to interview banks to lead an initial public offering that could... Read more ›
0
U.S. lawmakers earlier this month were prevented from meeting with G42, the Abu Dhabi-based technology conglomerate, while on a visit to the Middle East, Reuters reported. The canceled meetings, which would have included Emirati officials, happened a week after several Republican congressmen ... Read more ›
0
TSMC, the world’s largest chip manufacturer, will break ground on its first factory in Europe next month, Nikkei Asia reported. The company is responding to pressure from customers and governments to diversify its operations beyond Taiwan as a hedge against natural disasters and trade conflicts. ... Read more ›
22
TikTok is discussing a plan to launch a data center in Australia, ensuring it has enough computing capacity to support its growth in the Asia Pacific region, according to two people with knowledge of the plan. TikTok is counting on its global business to keep expanding even as it grapples ... Read more ›
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Graphic design firm Canva is buying a startup that uses artificial intelligence to generate images, a deal that aims to keep the company competitive with rival Adobe. Canva said it will use technology from the startup, Leonardo.ai, for an AI product that lets customers generate visuals such as ... Read more ›
0
U.S. lawmakers earlier this month were prevented from meeting with G42, the Abu Dhabi-based technology conglomerate, while on a visit to the Middle East, Reuters reported. The canceled meetings, which would have included Emirati officials, happened a week after several Republican congressmen ... Read more ›
1
U.S. revenue at X, formerly known as Twitter, fell 53% in the second quarter from a year earlier, to $114 million, as CEO Linda Yaccarino tries to woo back advertisers to the site who fled after Elon Musk bought it in 2022, The New York Times reported. The company aims to bring in $190 million ... Read more ›
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Most popular sources
Business Insider
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33% 7 |
Gizmodo
|
16% 8 |
Tom's Hardware
|
13% 3 |
Slashdot
|
5% 2 |
Mashable
|
4% 2 |
| View sources » | |
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16.11.2025 13:40
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