Stock and crypto trading app eToro has hired Goldman Sachs as it plans for a U.S. initial public offering, Bloomberg reported. The company could go public as soon as the second quarter next year, and more banks may be added as advisers, the outlet said. Last year, eToro raised $250 million in a ... Read more ›
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A Washington appeals court on Friday unanimously upheld a U.S. law forcing a ban of TikTok if it doesn’t sever ties with its Chinese parent company ByteDance early next year. TikTok is expected to appeal the case to the Supreme Court and ask for an injunction to prevent the law from going into ... Read more ›
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In Netflix’s yearslong quest to build an ad business, Dec. 25 poses a big test: It will be the first time the streaming giant shows ads in a livestream—in this case, two NFL games. And in the wake of last month’s Mike Tyson–Jake Paul boxing match, which was plagued with technical glitches, ad buyers at multiple top agencies said they will be monitoring the broadcast closely to ensure the stream... Read more ›
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Donald Trump announced that David Sacks, the venture capitalist and podcaster, will join the White House as its artificial intelligence and crypto “czar.” In a message posted on Truth Social, the president-elect said Sacks will guide policy in both areas to help make “America the clear global ... Read more ›
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This is going to become tedious. Shares of Uber and Lyft dropped 10% today on word that Alphabet’s Waymo, our favorite self-driving taxi service, is opening for business in Miami. Just a few weeks ago, the ride-hailing firms’ stocks rose about 10% as investors decided Tesla’s self-driving–car event the day before had been a dud—implying that it posed less of a threat to Uber and Lyft.Seriously, folks? Every time there’s... Read more ›
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Project Liberty, a nonprofit that researches and advocates on internet issues, says it has received expressions of interest totalling over $20 billion to buy TikTok. The investors have not been disclosed, but Tim Berners-Lee, who invented the World Wide Web, and MIT computer scientist ... Read more ›
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Silicon Valley’s holiday party season is in full swing. But instead of having endless conversations about artificial intelligence, I’ve been bombarded by venture capitalists with renewed excitement for cryptocurrency startups. To sum up the mood: One startup founder made a toast when Bitcoin crossed $100,000 on Wednesday. Investor Tomasz Tunguz, who founded Theory Ventures in 2022 after a career at Redpoint Ventures backing enterprise startups like Looker (sold to Google).... Read more ›
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Pietra, a startup that helps creators and celebrities like Chrissy Teigen launch and manage their own brands, is diving deeper into the crucial behind-the-scenes work it takes to get a hot new product up and running. The company is acquiring Factored Quality, a startup that works with popular brands like Brooklinen to set them up with staffers for quality control, compliance and factory auditing. Those kinds of workers keep an... Read more ›
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Circle Internet Financial, the issuer of the second-largest stablecoin USDC, made job cuts that affected less than 6% of its staff, according to the company. “Circle regularly reviews our investments and expenses. This includes investing in teams and operational infrastructure that need to grow, ... Read more ›
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Sparkling water maker Spindrift is nearing a deal to be acquired by private equity firm Gryphon Investors, The Wall Street Journal reported Wednesday. If a deal is reached, it would be the latest in a string of acquisitions of young beverage brands by big consumer conglomerates and private ... Read more ›
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At a technology conference, Intel’s interim co-CEO David Zinsner said the company is searching for a new CEO with experience in both chip manufacturing and product design, and that it plans to continue with former CEO Pat Gelsinger’s strategy to compete on both fronts, Reuters reported. Zinsner’ ... Read more ›
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Vox Media, the parent company of New York magazine and The Verge, has laid off some staffers and reorganized some of its lifestyle properties including Eater and Thrillist. It’s unclear the number of employees being let go. Vox’s travel publication Thrillist will now be under its food and ... Read more ›
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OpenAI said on Thursday it is charging $200 per month for an upgraded version of ChatGPT that costs 10 times more than the current, premium version of the chatbot. The higher priced ChatGPT, called Pro, gives customers access to a better version of the company’s o1 “reasoning” artificial ... Read more ›
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As artificial intelligence developers find it easier to catch up with OpenAI in reasoning than with traditional large language models—a topic Erin and I wrote about last week—they may be using a tried-and-true strategy.Researchers at OpenAI believe that some rival AI developers are training their reasoning models by using OpenAI’s o1 reasoning models to generate training data, according to a person who has spoken to the company’s researchers about it.... Read more ›
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Etsy announced a leadership shakeup on Thursday, including the departure of two C-suite executives. The reshuffle comes as Etsy tries to reverse a two-year slump in growth. Raina Moskowitz, Etsy’s chief operating and marketing officer, is departing to become the CEO of The Knot ... Read more ›
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After a long slump, software stocks have gotten a lift from the market euphoria that has followed Donald Trump’s election. The exuberance has even spread to companies that sell video creation and distribution tools, such as Vimeo, despite the very real threat hanging over their business models: artificial intelligence–powered video tools. Shares of Vimeo have risen 40% over the past month, compared with the 22% uptick in the WisdomTree Cloud... Read more ›
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Meta Platforms is changing how it designs and where it builds its mixed reality devices to stem deep financial losses and skirt a possible trade war between the U.S. and China. Meta is shifting part of the development and design of its mixed reality headsets to Chinese contract manufacturer Goertek, according to an employee at Goertek and two employees at Meta. The Facebook-owner is also working with Goertek to move... Read more ›
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Amazon, like other cloud providers, makes money from artificial intelligence primarily by renting out servers powered by Nvidia’s AI chips to software developers and businesses. But now, Amazon Web Services is trying to convince those customers to use servers powered by Amazon’s own AI chips instead, said Gadi Hutt, who leads business development at the company’s chip unit, Annapurna. Already, he said, technology firms including Apple, Databricks, Adobe and Anthropic... Read more ›
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No one is ever likely to again question the money companies spend on executive security. Wednesday’s shocking murder of UnitedHealthcare’s CEO, Brian Thompson, as he walked to a company investor conference in midtown Manhattan was a good reminder of why companies such as Meta Platforms, Snap, Coinbase and Tesla spend millions to protect their most senior people.Securities filings for UnitedHealthcare’s parent company make no mention of the company paying for... Read more ›
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Jeff Bezos said Wednesday that he’s “very optimistic” about Donald Trump’s second presidential term, adding that he hopes to help cut government regulation. “I’m actually very optimistic this time around,” the Amazon and Blue Origin founder said of Trump’s second administration at the New York ... Read more ›
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27.03.2026 06:26
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