When ShopMy first launched in 2020, it looked a lot like the popular creator startup LTK. Both help creators to set up personalized links to shopping pages they could share on social media sites, giving them a way to earn commissions from brands by promoting products.  ShopMy, whose backers include Inspired Capital and AlleyCorp, initially focused on signing up creators and generated revenue by taking a cut of sales when... Read more ›
0
OpenAI has secured a $4 billion revolving credit line with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS and HSBC, the company said in a blog post on Thursday. The credit line, which can be tapped over the next three years, can also be increased by $2 ... Read more ›
0
If the U.S. forces TikTok to go dark in January—a scenario its lawyers are fighting in federal court—it will fall back on its hundreds of millions of users outside the U.S. who have helped make the short-video app a global phenomenon. But some of those other regions, such as Europe, are becoming more hostile to TikTok. While EU countries haven’t gone as far as threatening to ban the app, regulators... Read more ›
0
Google on Thursday launched advertisements next to new conversational answers that appear in its search engine, a long-awaited move as it changes the look of its biggest moneymaker in response to rising search competition from OpenAI’s ChatGPT. For now, Google is selling the ad space within the ... Read more ›
0
Amazon plans to hire 250,000 workers for its U.S. fulfillment and transportation operations this holiday season, the company said Thursday. That’s the same hiring figure Amazon announced for last year’s holiday season. Amazon’s e-commerce business has been growing more slowly than during the ... Read more ›
0
OpenAI just raised one of the biggest private pools of capital in Silicon Valley history. Ironically, one of the biggest questions is how soon it will try to raise that kind of money again, thanks to its high cash burn.Its $6.6 billion financing capped a convoluted and sometimes chaotic process that spanned continents. Investors are valuing OpenAI at $157 billion—on par with publicly traded firms like Siemens, Goldman Sachs and... Read more ›
46
Tesla has embarked on an ambitious effort to design four new versions of its in-house battery to power the Cybertruck, its forthcoming Robotaxi and other electric vehicles, according to people with direct knowledge of its plans. This is the most battery projects the company has worked on simultaneously. The projects come four years after CEO Elon Musk first outlined plans for Tesla’s next battery line, known as the 4680 because... Read more ›
26
A federal court in California blocked a new state law that would prohibit some artificial intelligence-generated digital replicas of political candidates on Wednesday. U.S. District Court Judge John Mendez ruled that the law is unconstitutional because it “does not use the least restrictive ... Read more ›
0
CRV, a 54-year-old firm known for early bets on Ring, DoorDash and Twitter, says it’s planning to return $275 million of a $500 million fund, raised two years ago, focused on later stage startups. It made the decision after struggling to find enough investments in these companies at the ... Read more ›
0
Sam Altman should organize a celebration dinner for the men behind the largest venture capital funding round ever. I’d love to overhear SoftBank’s Masayoshi Son give advice to Thrive’s Joshua Kushner on how to avoid giving too much money to charismatic tech founders. Imagine seeing Nvidia’s Jensen Huang and Microsoft’s Satya Nadella fight over the dinner check to thank Altman for creating the product that boosted their own companies’ fortunes.... Read more ›
2
There’s been a lot of chatter in the tech industry lately about smart glasses. Meta Platforms announced a string of updates to its Ray-Ban smart glasses at the company’s Connect conference in September. And this week, I reported Google had approached partner Samsung about developing AI-powered smart glasses. (You can read the story here.)If Google proceeds with those plans, it might borrow a page from Meta’s strategy of making these... Read more ›
0
Amazon plans to increase the number of ads it shows to viewers on Prime Video next year, according to the Financial Times. In an interview with the outlet, Kelly Day, vice president of Prime Video International, said the number of ads on Prime Video will “ramp up a little bit more” next year. ... Read more ›
0
Logistics company Flexport is making fresh job cuts and will sublease excess warehouse space to overhaul the money-losing fulfillment business it acquired from Shopify last year, according to a memo to staff on Wednesday. Flexport, which was valued at $8 billion in a 2022 funding round, has seen revenue drop since then amid a broader collapse in freight markets. At the same time, it has struggled to fit the fulfillment... Read more ›
19
The European Commission on Wednesday asked YouTube, Snapchat and TikTok to provide information about how their apps recommend content to people and how those algorithmic decisions might impact people’s mental health or increase other safety risks. The newly passed Digital Services Act, which ... Read more ›
0
OpenAI has completed a $6.6 billion fundraise that values the ChatGPT developer at $157 billion, including the investment, the company announced in a blog post on Wednesday. The announcement comes after several weeks of reports the company was in talks with investors including Thrive ... Read more ›
14
Tome, a startup whose product uses generative artificial intelligence to quickly generate visual presentations, has laid off nearly a third of its 39 employees, the second round of cuts this year, according to a copy of the announcement. It’s one of a handful of generative AI startups, including ... Read more ›
2
OpenAI told employees Wednesday it plans to allow them to sell some of their stakes in the startup through a tender offer, following its $6.6 billion fundraising haul. The funding round “means that we have the ability to offer a tender event to give qualifying employees a liquidity option,” ... Read more ›
0
The U.S. Federal Trade Commission can move forward with its antitrust claims against Amazon, a judge ruled this week, according to a person who has seen the sealed court decision. But the judge dismissed some claims brought by state attorneys general relating to alleged state law violations, the ... Read more ›
0
Before we get to OpenAI’s new products for customers of its artificial intelligence models, we wanted to flag the plans of Barret Zoph, one of three key technical leaders who unexpectedly resigned last week.Zoph previously led the OpenAI team responsible for preparing AI models for release, known as post-training, and has told people that he plans to start a new company, my colleagues Erin and Jon reported.It’s not clear yet... Read more ›
0
At Square, Sarah Friar was the grownup who helped bring the fintech’s otherworldly CEO, Jack Dorsey, down to earth for investors. Now she has a shot at doing something similar for Sam Altman’s OpenAI—if she can last long term at the chaotic artificial intelligence startup. Since arriving at OpenAI as chief financial officer in June, Friar has polished a management presentation for investors to make it “dead simple” compared to... Read more ›
0
Most popular sources
Business Insider
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35% 11 |
CNET
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10% 6 |
Gizmodo
|
7% 2 |
Eurogamer.net
|
7% 6 |
Tom's Hardware
|
7% 1 |
| View sources » | |
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24.11.2024 23:36
Last update: 23:15 EDT.
News rating updated: 06:30.
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