As OpenAI prepares to open up ad sales to more marketers next month, it is trying to address what some advertisers say was lacking in the initial ad sales offering. Among other things, the ChatGPT creator is planning to streamline the process of ad buying, either in partnerships with ad tech firms or with its own ad management system. So far, advertisers that bought the first ad campaigns on ChatGPT... Read more ›
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Spotify’s recent price rises appear to have boosted its financial performance. The music streaming service reported 19% growth in revenue to $3.98 billion euros, while operating income surged to 454 million euros compared with 32 million euros a year earlier. The music streaming service ... Read more ›
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Venture capital firms have a lot of money to invest but relatively few maturing startups have proven their worth. So firms are doubling down on the startups they see as winners—which is sending valuations soaring, sometimes in just a few months.The latest example: Cyera, a cloud cybersecurity firm, is finalizing a deal to raise new funding from early investor Accel, people briefed on the deal told me. It would about... Read more ›
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BuzzFeed warned investors that it doesn’t have enough cash to cover the nearly $120 million it expects it will have to pay convertible note holders back in the coming weeks, saying it will have to renegotiate terms or try to find other financing. CEO Jonah Peretti said the company will share an ... Read more ›
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On Monday, we reported on how TikTok courted conservative users, including President-elect Donald Trump, in the months before last week’s Trump victory. These efforts, led by TikTok Policy Chief Michael Beckerman and overseen by CEO Shou Zi Chew, included an overhaul of its trust and safety staff and content policies that made it more likely that posts reflecting conservative views on elections (say the contested 2020 presidential race) and transgender... Read more ›
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Wonder, the food delivery company run by former Walmart and Amazon executive Marc Lore, is in talks to acquire food delivery service Grubhub, the Wall Street Journal reported Tuesday. Grubhub’s parent company, Amsterdam’s Just Eat Takeaway, has been trying to sell the delivery service since 2022 ... Read more ›
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Instacart on Tuesday reported $852 million in revenue for the third quarter, representing 12% year-over-year growth. The grocery delivery firm also reported $8.3 billion in total gross transaction value in the quarter, which was up 11% year over year and slightly higher than the guidance it had ... Read more ›
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OpenAI co-founder and president Greg Brockman has returned to the startup, three months after he said he would take an extended leave of absence, according to a message he sent to staff Tuesday. Brockman’s new role has not yet been finalized, he said, but would focus on solving the artificial ... Read more ›
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Klarna is marching with significant momentum toward a possible initial public offering next year. Apple recently added the “buy now, pay later” service as an option on its own payment platform, and some shareholders have reportedly raised their valuation of the company. Plus, Klarna’s revenue growth is accelerating. The executive team steering the company has remained stable for several years, even amid two board shuffles in 2024. Half of CEO... Read more ›
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Enterprise software firm Databricks, one of the world’s most valuable private tech companies, is considering raising several billion dollars in the coming months to allow employees to cash out stock grants that begin to expire in early 2026. Such a move would signal that the firm, whose business of data management software has gotten a boost from artificial intelligence services, isn’t planning to go public anytime in the next year. Read more ›
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Shopify’s revenue grew 26% in the third quarter from a year earlier to $2.16 billion and its free cash flow margin rose to 19%, topping its previous forecast for the quarter by roughly three percentage points. The e-commerce giant has been highlighting improvements in its margins ever since it ... Read more ›
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A month ago, we reported that former OpenAI chief technology officer Mira Murati had begun to pitch current OpenAI staffers on joining her new venture. It seems like at least one OpenAI researcher has taken her up on her offer.Mianna Chen, a research program manager for the team at OpenAI responsible for preparing AI models for release, has recently left and plans to join Murati at her new company, according... Read more ›
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Netflix said its ad-supported subscription tier is seeing momentum, announcing that it has now reached 70 million monthly active users globally. That is up from 40 million monthly active users in May. More than 50% of new Netflix sign-ups are now also for the ad tier in the countries that plan ... Read more ›
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Count defense tech bulls among the investor groups buoyed by last week’s election of Donald Trump as president. Some investors and executives are hopeful enough in what the Trump administration will do that they’re downplaying talk of a financial bubble forming among defense and aerospace startups. One bellwether may be Saronic Technologies, a startup that is trying to sell a fleet of autonomous military boats to the U.S. Navy. It... Read more ›
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SoftBank Group swung to a net profit in the quarter through September, driven by investment gains in the company’s Vision Fund business. SoftBank reported a net profit of 1.18 trillion yen ($7.66 billion) in the quarter, compared with a loss of 931 billion yen a year earlier. The Vision ... Read more ›
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IAC is considering spinning off its 85% stake in Angi, the home services website formerly known as Angie’s List, according to a letter that IAC CEO Joey Levin sent to shareholders on Monday. The stock price of IAC rose 1.4% in after-hours trading to $55.89, while Angi’s stock fell 5.7% to $2.47. ... Read more ›
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Apple is working on a home surveillance camera that could be released as early as 2026, according to a prominent Apple supply chain analyst. The camera is part of the company’s efforts to expand its smart home business with new products that integrate seamlessly with the iPhone, Siri and ... Read more ›
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This is telling: Tesla’s closing price today of $350 was the first time it has closed at that level since the first week of April 2022, when Elon Musk first revealed he was building a position in Twitter (now X). A two-and-a-half-year slump in Tesla’s stock price is over; it was sparked by his excursion into making over the social media app in his image and prolonged by worries over... Read more ›
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The topic of artificial intelligence in the workplace touched a nerve with The Information’s readers. Some described AI as significant for the future of our species or as a new industrial revolution, while others said it’s just an app and not a new way to work. Often they couched their commentary in social terms, reflecting the broad impact of AI outside the company walls. That impact cannot be overstated, considering... Read more ›
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Shailesh Prakash, a Google executive who helped manage the search giant’s relationship with news publishers, is departing, the Wall Street Journal reported. Prakash’s role had included managing Google News and also communicating with publishers about Google’s increasing emphasis on AI in ... Read more ›
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The crypto market continued its broad rally on Monday, boosted by the prospect of a friendlier regulatory environment under the upcoming Donald Trump administration. Bitcoin reached another all-time high, surpassing $88,000 Monday. Ethereum jumped 4.5% to $3,330. The valuation of the total ... Read more ›
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24.03.2026 03:40
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