Around the start of the year, Anthropic projected it would burn more than $2.7 billion in 2024 as it developed new conversational artificial intelligence, The Information reported. Valued at $18 billion in a March financing, the OpenAI rival projected about $800 million in annualized revenue, or ... Read more ›
0
Seven data scientists from the University of California, Berkeley, founded Databricks in 2013 to build a business around open-source software for data storage and analysis. As the company nears a possible initial public offering 11 years later, Databricks can boast a rare feat for startups its age: Nearly all of its co-founders still work there. The tight-knit founding team includes CEO Ali Ghodsi, who meets weekly with four of his... Read more ›
0
Nvidia has a new workaround to U.S. export rules that block the sale of the most advanced artificial intelligence chips to China—pairing the chips with a special server. The company will next year launch a new AI chip specially tailored for the Chinese market that will be sold alongside a new server designed to maximize the performance of the chip, according to two people involved in developing the server. While... Read more ›
42
If you haven’t caught our analysis of OpenAI’s finances in a story we published this morning, it’s worth a read. My colleagues Amir and Aaron have gone deep on how much the ChatGPT creator is spending on computing capacity and other expenses, based on previously undisclosed internal data. Paired with estimates of revenue, they’ve put a number on how much money the company is losing.Their conclusion is OpenAI will need... Read more ›
3
OpenAI has built one of the fastest-growing businesses in history. It may also be one of the costliest to run. The ChatGPT maker could lose as much as $5 billion this year, according to an analysis by The Information, based on previously undisclosed internal financial data and people involved in the business. If we’re right, OpenAI, most recently valued at $80 billion, will need to raise more cash in the... Read more ›
50
Nvidia has told suppliers that it will start incorporating Samsung Electronics’ fourth and fifth-generation advanced memory chips, HBM3 and HBM3E, into its AI chip cards, according to two people who received notices from Nvidia. HBM, which stands for high bandwidth memory, is crucial to ... Read more ›
0
Tesla shares fell more than 8% in after-hours trading after the company reported a 45% drop in second-quarter profit year on year. The electric vehicle maker has now reported lower deliveries for two consecutive quarters and missed Wall Street earnings forecasts for four straight quarters. ... Read more ›
0
Google kicked off big tech’s portion of the summer earnings season with what seemed a middle-of-the-road report. Artificial intelligence appeared to give Google Cloud a bit of a lift, while search delivered another decent quarter. The outlier, surprisingly, was YouTube, for which ad growth slowed meaningfully.That raises the question of whether Amazon’s push into TV advertising on Prime Video might be taking some of the wind out of YouTube’s sails.... Read more ›
0
Spotify posted a 20% increase in second-quarter revenue and lower operating expenses, boosting quarterly profit and free cash flow. Shares rose 12%. The audio service reported revenue of just over $4 billion and operating income of $289 million, reversing an operating loss of $268 million in the ... Read more ›
0
Meta Platforms’ latest open-source Llama model is competitive with leading conversational artificial intelligence models and the company expects future models to be the most advanced in the industry, CEO Mark Zuckerberg said in a blog post on Tuesday. Read more ›
0
Greetings from San Francisco, where unprecedented political chaos has forced venture capitalists into political debates.Last week, it seemed as if all of Silicon Valley had rallied behind former President Donald Trump. Now, Silicon Valley’s Democrats are becoming more vocal, with a candidate they can openly support in Vice President Kamala Harris. And as more techies throw their support behind her, things are bound to get tense between the venture capitalists... Read more ›
0
Are you having a brat summer? (I certainly am: I’m, literally, “so Julia,” as brat summer creator Charli XCX sings in her song “360,” referencing actress and model Julia Fox.) An outpouring of memes mentioning Kamala Harris on TikTok and X, formerly Twitter, might suggest that the vice president-turned-presidential candidate is having a brat summer, too. President Joe Biden’s decision not to seek re-election and his endorsement of Harris on... Read more ›
0
Netflix co-founder Reed Hastings has given $7 million to a super PAC supporting Kamala Harris’s run for president. Hastings said it was his biggest donation ever in support of a single candidate. The gift comes less than a month after Hastings joined the chorus of major Democratic donors asking President Joe Biden to exit the presidential race after his disastrous debate performance in June. Hastings donated to the PAC on... Read more ›
82
Shortly after Joe Biden dropped out of the presidential election Sunday, an employee at Meta Platforms posted in the company’s internal forum that Threads, its text app, was missing in action. “Biden dropped out 20 [minutes] ago and I can’t find anything on it in my feed,” the employee wrote in the post, which The Information viewed. When someone responded that Meta’s policy was not to recommend “civic” topics such... Read more ›
2
Alphabet’s net income surged 29% to $23.6 billion in the second quarter on 14% higher revenue,  reported 14% higher revenues in the second quarter even as its ad business showed signs of slightly weakening from the first quarter. YouTube’s ad growth slowed to 13% from 21% in the first ... Read more ›
0
OpenAI has reassigned the executive in charge of ensuring that its artificial intelligence won’t harm society to a different role within its research organization, the company told staffers last week. The executive, Aleksander Mądry, set up OpenAI’s Preparedness team last year to evaluate AI models for “catastrophic risks” before making them available to the public, according to the company. Last week OpenAI leadership told employees that Mądry, who is also... Read more ›
15
Meta Platforms on Tuesday released the largest version of Llama 3, its flagship open-source large language model, to date. Unlike other recently released models, it will not be able to handle images, video or speech, despite expectations that it would. The model released Tuesday, called Llama ... Read more ›
12
NBCUniversal’s Peacock streaming service cut its losses sharply in the second quarter, to $348 million from $651 million a year earlier, on 22% higher revenue of $1 billion. Paid subscribers was 33 million, in line with the first quarter, executives said. The reduced losses ... Read more ›
0
Apple is working on a foldable iPhone that could be released as early as 2026 and in recent months reached out to suppliers in Asia to make components for the device, according to two people with direct knowledge of the matter. The phone would fold widthwise like a clamshell, the people said. That would make it similar to the Samsung Galaxy Z Flip, which was released in 2020. Read more ›
87
Two children-online safety bills will be brought to a vote in the Senate this week by Senate Majority Leader Chuck Schumer, Axios reported Tuesday. Schumer’s office told Axios that he has secured enough support to pass the bills—the Kids Online Safety Act (KOSA) and the Children’s and Teens ... Read more ›
26
Most popular sources
Business Insider
|
27% 2 |
Gizmodo
|
18% 13 |
Tom's Hardware
|
16% 4 |
Vox
|
4% 2 |
Eurogamer.net
|
4% 3 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
16.11.2025 16:14
Last update: 16:00 EDT.
News rating updated: 23:01.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.