Shein has returned to India via a licensing agreement with billionaire Mukesh Ambaniâs Reliance, after the China-founded online retailer was banned in the country in 2020 along with scores of other Chinese-owned apps. In December, the Indian government approved an agreement that ... Read more âș
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President Donald Trumpâs impending new tariffs on Canada, Mexico and China will plug the trade loophole that has fueled the growth of Shein and Temu, as well as a Temu-like service offered by Amazon. Trump on Saturday signed an executive order that will impose 25% tariffs on imports from Canada ... Read more âș
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Paid subscribers to OpenAIâs ChatGPT nearly tripled to 15.5 million last year from 5.8 million a year earlier, The Information reported. Based on pricing for ChatGPT, that growth implies that the popular chatbot was likely generating at least $333 million in revenue per month by the end of last ... Read more âș
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Welcome, Weekenders! In this newsletter:âą The Big Read: As Microsoft and Google move in, a battle over hallowed ground eruptsâą The Arena: The NFL and Netflix likely share a supersize dreamâą Artificial Intelligence: our new Glossary of AI Jargon ⹠Plus, our Recommendations: Trackers of Gilded Age glam; requiem for the rock stars; and a Year of the Snake treatWait, is that a Musk ideaâor a Trump idea? Itâs getting... Read more âș
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When selecting the venue for next weekendâs Super Bowl between the Kansas City Chiefs and Philadelphia Eagles, the NFL went with a traditional choice: New Orleans. Itâll be the 11th time the Big Easy has hosted the Big Game, tying it with Miami for hosting the most Super Bowls ever. Recently, however, the worldâs richest professional sports league has hinted it may be ready to dispense with tradition: A Super... Read more âș
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Texas Republican Gov. Greg Abbott has banned the use of the Chinese AI software Deepseek on government-owned devices to protect the stateâs critical data, intellectual property, and other assets from being accessed by the Chinese government, his office said in a statement. The Texas ... Read more âș
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Paid subscribers to ChatGPT nearly tripled to 15.5 million last year from 5.8 million a year earlier, OpenAI recently told some shareholders, despite competition from chatbots made by Google, Anthropic and Meta Platforms. Based on what OpenAI charges for the chatbot subscriptions, the increase means ChatGPT was likely generating at least $4 billion in annualized revenue around the end of last year, or $333 million per month, just two years... Read more âș
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Joan Braddi, who negotiated Googleâs deals to put its search engine on Apple devices beginning more than 20 years ago, left at the end of last year, a company spokesperson said. The initial deal Braddiâone of the companyâs earliest employeesânegotiated did not include a revenue share. But by ... Read more âș
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Is Mark Zuckerberg auditioning for the role of Elon Muskâs Mini-Me? Weâre kidding, but it is uncanny how much Zuckerberg seems to be following Muskâs lead lately. In the latest example, The Wall Street Journal reported on Friday that Meta Platforms is considering moving its legal incorporation to Texas, out of Delaware, just as Tesla did last year. This follows Zuckerbergâs recent decision to adopt a âcommunity notesâ feature for... Read more âș
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This week on More or Less: DeepSeek, memes and Dave quits social media. Apple Spotify YouTube Episode Transcript Read more âș
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Zyphra, a Palo Alto, Calif., developer of open-source models that can be downloaded to devices like phones or home entertainment devices, is in talks to raise $100 million in Series A funding at a $1 billion valuation, according to a person close to the company. Returning investor Metaplanet, ... Read more âș
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As Meta Platforms sets about turning its massive investment in artificial intelligence into ways to make money, itâs asking ad agencies for help. Meta has been sending its engineers to work with ad agencies on developing AI tools designed to do everything from tweaking videos and static images in ads to evaluating the effectiveness of such images in ads, ad agency executives said. Read more âș
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Meta Platforms is considering reincorporating its business outside of Delaware, possibly in Texas or other states, according to a report in the Wall Street Journal. Such a move would put Meta CEO Mark Zuckerberg in step with Elon Musk, who has reincorporated several of his companies, including ... Read more âș
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Meta Platforms CEO Mark Zuckerberg told employees Thursday that Meta sold more than one million of its Ray-Ban smart glasses in 2024, marking the first time the company has disclosed sales figures for the product. Meta has invested heavily in the glasses, designed in partnership with Ray-Ban ... Read more âș
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Kraken, a crypto exchange, said its revenue last year was $1.5 billion, more than doubled from $671 million in 2023. The company said its adjusted earnings before interest, taxes, depreciation, and amortization was $380 million last year. In comparison, Coinbase, the biggest U.S. crypto ... Read more âș
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Apple filed an emergency motion Thursday evening seeking to pause the U.S. governmentâs antitrust case against Google as the iPhone maker appeals a district court judgeâs decision to block it from intervening. The judge last year ruled that a contract between the companies to make Google Search ... Read more âș
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In 1862, from a hill in northern Virginia, troops under Confederate General Stonewall Jackson rained artillery fire upon a column of Union soldiers on a dirt road about a thousand feet away, in the opening shots of the Second Battle of Manassas. When I visited a farmhouse on the site on a frigid day earlier this month, I saw the signs of a modern-day conflict unfolding on the same ground.... Read more âș
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DeepSeek has shaken up Silicon Valley and Wall Street with its stunning advances in artificial intelligence. But its technological success doesnât mean Chinaâs AI industry has figured out how to make money. The rise of DeepSeek contrasts with the struggles of other Chinese competitors, especially the best-known AI unicorns dubbed the âsix little dragons.â The six startupsâMiniMax, Moonshot AI, Zhipu AI, Stepfun, Baichuan and 01.AIâspearheaded Chinaâs AI push in the... Read more âș
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Blackstone, a major investor in data centers, told investors Thursday that itâs been looking at the potential impact of cheap, powerful artificial intelligence from China on the data center market. The release of DeepSeek R1, a reasoning model developed by a Chinese quant fund, has shaken up ... Read more âș
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Google on Thursday offered U.S. employees of its Chrome, Android and Pixel teams voluntary buyout package that included severance pay, a Google spokesperson said. The move comes nine months after Google combined the teams under executive Rick Osterloh, giving him oversight of more than 20,000 ... Read more âș
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10.06.2026 08:26
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