Federal regulators hit TD Bank with about $3 billion in fines after the firm pleaded guilty to widespread money-laundering breaches that allowed criminals to easily open accounts and move money through the bank for nearly a decade. The penalties, issued by FinCEN, the Office of the Comptroller ... Read more ›
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Apple will offer its TV+ streaming service through Amazon Prime Video in the U.S. beginning later this month, according to the companies. Apple TV+ will be sold as a $9.99 add-on subscription within Prime Video. A wide range of streaming services are offered through Amazon Prime Video, including ... Read more ›
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Howdy! Amir and Rocket here. Before we get to today’s column, please read this phenomenal piece from Aaron about Microsoft CEO Satya Nadella’s market analysis methods. Hint: they involve an absurd number of meetings and calls with people outside his company. It’s a leadership masterclass.Onto today’s issue…When we told you in July that OpenAI would probably lose $5 billion this year, we also explained how the company reminded us of... Read more ›
0
Technology is in a state of rapid change. Google faces a historic antitrust breakup. Advances in artificial intelligence are minting multibillion-dollar startups. And venture capital is still grappling with the hangover of the 2021 boom. Speakers at The Information’s Women in Tech, Media and Finance summit had opinions on them all. Chelsea Clinton called on Silicon Valley to use artificial intelligence to get out the vote. Marissa Mayer noted a... Read more ›
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Investors may be viewing Meta Platforms’ stock through rose-tinted glasses. Meta’s shares have soared over 70% this year, more than those of any other big tech stock except Nvidia, giving Meta a premium valuation next to comparable stocks such as Alphabet’s. Shares of the Facebook and Instagram parent now trade at 14.2 times next year’s expected earnings before interest, taxes, depreciation and amortization, compared to 12.3 for Alphabet, according to... Read more ›
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TikTok’s parent company ByteDance has released $170 AI-equipped wireless earbuds into the Chinese market. The earbuds enable users to talk to the company’s artificial intelligence chatbot, Doubao, without looking at their phones. The product is the latest sign of how tech companies are coming up ... Read more ›
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Sierra, an artificial intelligence startup co-founded by former Salesforce co-CEO Bret Taylor, is raising hundreds of millions of dollars in new funding led by growth-stage investor Greenoaks Capital, according to two people who have examined the deal. The new financing will at least triple the company’s valuation, which was $1 billion in a funding round in January, one of the people said, adding they expected the valuation to surpass $4... Read more ›
2
We’re at the point in the Google antitrust battle where the story has stalled. Not much real news is going to happen for a while. We got blaring headlines late on Tuesday night about the government’s latest filing in the search case (the one Google has already lost but awaits penalties for). The headlines emphasized the government’s desire to break Google up, although the document refers only to possible “structural... Read more ›
0
Liam Fedus, one of seven leaders who oversaw the development of OpenAI’s new reasoning models, was recently promoted to lead post-training, a group that improves and prepares artificial intelligence models for release, said a person with knowledge of the move. Fedus is taking a role ... Read more ›
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In September, Amazon CEO Andy Jassy made waves when he announced a plan to sharply reduce the number of managers at the internet giant, partly to combat the bureaucracy creeping into its culture. It turns out Jassy’s plan will affect far fewer managers than some outside the company had expected. Amazon’s efforts to cut back the number of managers at the company will apply only to its corporate employees, not... Read more ›
17
Earlier this year, Aravind Srinivas’ phone rang. Satya Nadella, Microsoft’s CEO, wanted to dish with Srinivas—CEO of Perplexity, an artificial intelligence–powered search engine startup—on the biggest competitor they had in common: Google. Days earlier, Google had announced several upgrades to Gemini, its generative AI model, and Nadella wanted to know: Was Srinivas impressed with how much text Gemini could handle in a single prompt? How did the capabilities of OpenAI,... Read more ›
50
Pie, an app for hosting and finding group activities started by Bonobos co-founder Andy Dunn, is taking a page from the creator economy to promote events in the real world.The startup has already seen users flock to events like Sunday Morning Club, which features activities like beach yoga and cold plunges and attracts more than 500 RSVPs each week. To supercharge growth and ensure a steady stream of events like... Read more ›
0
Dan Riccio will retire from his role as vice president of headset products at Apple, Bloomberg reported Wednesday. Mike Rockwell, who spearheaded Apple’s mixed-reality Vision Pro headset, will continue to lead the group’s operations, and senior vice president of hardware engineering John Ternus ... Read more ›
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OpenAI’s newest investors have signed up for a bumpy and expensive ride. The company’s projections suggest it won’t turn a profit until 2029, when its revenue would hit $100 billion. Before it gets to that point, losses could rise as high as $14 billion in 2026, nearly triple this year’s expected loss, according to an analysis of data contained in OpenAI financial documents viewed by The Information. This estimate doesn’t... Read more ›
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Meta Platforms said it had begun making its artificial intelligence assistant, Meta AI, available in 21 more countries, including the U.K. and Brazil. In a blog post Wednesday, the company said that the assistant will be available in 43 countries and 12 languages by the end of the year. “ ... Read more ›
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Longtime Amazon Web Services executive Matt Wood said he is leaving the company after 15 years. He most recently served as the cloud provider’s vice president of artificial intelligence products. A spokesperson for AWS confirmed Wood’s departure. Wood didn’t immediately respond to a request for ... Read more ›
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Welcome back! Kalley here, reporting from The Information’s Women in Tech, Media and Finance Summit in Yountville, Calif., on Monday and Tuesday.  Artificial intelligence was a major theme this year, unsurprisingly. Our speakers wrestled with some of the biggest questions gripping the industry: how developers will make money after building such expensive technology and whether businesses will use large language models and generative AI.Even Google, which has spent tens of... Read more ›
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Consumer startups are grappling with a problem: Customers are bombarded these days with choices for everything from apparel to beauty and wellness products, and it’s harder for young brands to stand out. “There’s a consumer that’s overwhelmed right now, that wants it all, but wants it all done a little bit more for them,” said Kirsten Green, founder and managing partner at Forerunner Ventures, speaking at The Information’s Women in... Read more ›
0
Asset manager VanEck has launched VanEck Ventures, a $30 million fund investing in early-stage crypto and AI startups, adding to its existing lineup of crypto exchange-traded funds and private funds. The fund is run by Wyatt Lonergan and Juan Lopez, who both joined from Circle Ventures, the ... Read more ›
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The Justice Department said Tuesday that it may ask a federal judge to force Google to divest Chrome, Google Play and Android, in order to fix Google’s illegal monopoly in general search engines and search text advertising. The judge, Amit Mehta, ruled in August that Google engaged in ... Read more ›
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Business Insider
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33% 13 |
CNET
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11% 8 |
Tom's Hardware
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9% 3 |
Eurogamer.net
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6% 5 |
The Verge
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5% 4 |
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24.11.2024 20:34
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