Meta Platforms on Friday released a new version of Llama 3, its flagship open-source large language model. The model, called Llama 3.3, performs as well as one of Metaâs older, larger models but is easier and more efficient to run, Meta CEO Mark Zuckerberg said in a post on Instagram. In the ... Read more âș
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In 2022, Zach Abrams, co-founder and CEO of stablecoin startup Bridge, was staring into the abyss. The price of TerraUSDâone of the largest of the stablecoins, cryptocurrencies pegged to the U.S. dollarâcollapsed, casting a pall on everyone working with stablecoins. Then, a few months later, Sam Bankman-Friedâs FTX imploded. For Bridge, which hadnât even yet publicly launched any product, it was a grim beginning. âYou had this very bad moment... Read more âș
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TikTokâs hopes of continuing to operate in the U.S. now rest on intervention of the Supreme Court. The Chinese owned app on Friday lost the first round in its legal efforts to block a law requiring it to sever its ties with its parent, ByteDance, or be banned next month. TikTok is expected to ask the Supreme Court to freeze implementation of the law while it pursues further appeals. Ahead... Read more âș
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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 âș
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A Washington appeals court on Friday unanimously upheld a U.S. law forcing a ban of TikTok if it doesnât 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 âș
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In Netflixâs 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 livestreamâin this case, two NFL games. And in the wake of last monthâs Mike TysonâJake 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 âș
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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 âczar.â In a message posted on Truth Social, the president-elect said Sacks will guide policy in both areas to help make âAmerica the clear global ... Read more âș
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This is going to become tedious. Shares of Uber and Lyft dropped 10% today on word that Alphabetâs Waymo, our favorite self-driving taxi service, is opening for business in Miami. Just a few weeks ago, the ride-hailing firmsâ stocks rose about 10% as investors decided Teslaâs self-drivingâcar event the day before had been a dudâimplying that it posed less of a threat to Uber and Lyft.Seriously, folks? Every time thereâs... Read more âș
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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 âș
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Silicon Valleyâs holiday party season is in full swing. But instead of having endless conversations about artificial intelligence, Iâve 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 âș
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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 âș
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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. âCircle regularly reviews our investments and expenses. This includes investing in teams and operational infrastructure that need to grow, ... Read more âș
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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 âș
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At a technology conference, Intelâs 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 Gelsingerâs strategy to compete on both fronts, Reuters reported. Zinsnerâ ... Read more âș
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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. Itâs unclear the number of employees being let go. Voxâs travel publication Thrillist will now be under its food and ... Read more âș
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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 companyâs o1 âreasoningâ artificial ... Read more âș
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As artificial intelligence developers find it easier to catch up with OpenAI in reasoning than with traditional large language modelsâa topic Erin and I wrote about last weekâthey may be using a tried-and-true strategy.Researchers at OpenAI believe that some rival AI developers are training their reasoning models by using OpenAIâs o1 reasoning models to generate training data, according to a person who has spoken to the companyâs researchers about it.... Read more âș
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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, Etsyâs chief operating and marketing officer, is departing to become the CEO of The Knot ... Read more âș
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After a long slump, software stocks have gotten a lift from the market euphoria that has followed Donald Trumpâs 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 intelligenceâpowered video tools. Shares of Vimeo have risen 40% over the past month, compared with the 22% uptick in the WisdomTree Cloud... Read more âș
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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 âș
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13.06.2026 11:45
Last update: 11:40 EDT.
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