Salesforce said Thursday it will pay $1.9 billion in cash to acquire Own, which sells a product for businesses to protect and manage their data. Itâs Salesforceâs second acquisition this week, showing how CEO Marc Benioff may be changing his playbook after pledging to slow down deals last year ... Read more âș
0
Consumer companies are staring down a stark divide: Shoppers either want ultracheap goods, like $3 crop tops from sites like Temu, or high-end items, like $300 running shoes from On Holding, a sneaker company that went public in 2021. Thatâs according to investors, analysts and executives I spoke with at a Goldman Sachs retail conference this week. They all emphasized a variation of the same theme: When money is tighter... Read more âș
0
In early January, Marty Sharpe thought heâd get a few dozen teachers to show up to his professional development course on using generative artificial intelligence in the classroom. After all, it was an optional workday after the two-week winter break at the Catawba County Schools in North Carolina. Instead, Sharpeâthe Catawba school districtâs chief technology officerâwas stunned that nearly a hundred educators signed up for the course, and that it... Read more âș
12
OnlyFans revenue rose 20% to about $1.31 billion for the fiscal year ending November 2023, compared to the previous year. The total number of creator accounts jumped by 29% to about 4.1 million, while fan accounts rose 28% to 305 million, according to a U.K. filing from the adult content siteâs ... Read more âș
33
Iâm still buzzing from getting to meet so many of you yesterday at our first-ever AI Summit. We got to talk all things LLMs, chips and AI applications with leaders such as Reid Hoffman, one of the earliest investors in OpenAI and a Microsoft board director; Chris Lattner, who helped Google launch their tensor processing units and TensorFlow software; and Naveen Rao, the former CEO of MosaicML, whose acquisition by... Read more âș
8
Last month, Zendesk, which makes customer support software aided by artificial intelligence, decided to sell it in a daring new way. Instead of charging businesses based on how often they use the softwareâessentially an AI chatbotâto try to resolve customer problems, Zendesk began charging them only when the chatbot completed the task without needing employees to step in. Read more âș
11
Broadcom CEO Hock Tan said a long-term trend in the artificial intelligence chip industry is that âhyperscalers"âthe biggest cloud providers and other tech giants operating huge platformsâare all moving toward creating their own custom chips. If such a trend accelerates, Broadcom, ... Read more âș
2
Artificial intelligence has turned into a battle of giantsâbut there is still room for startups, from makers of graphics processing units to applications that promise to make healthcare more efficient. Those themes emerged from The Informationâs AI Summit in San Francisco Thursday. Greylock Partnersâ Reid Hoffman called Elon Muskâs recent claim that his xAI startup had assembled a cluster of 100,000 Nvidia chips in four months âtable stakesâ for the... Read more âș
6
Itâs the investment bankersâ dreamâa company so desperate for growth that it engages in years of dealmaking under one CEO, while his successor spends years undoing all that earlier work. Weâre talking about Verizon, whose $9.6 billion purchase of Frontier today is the culmination of nearly a decade of back-and-forth M&A negotiation. This is what happens when youâre making lots of money but your core businessâcellular phonesâhas saturated the market.In... Read more âș
0
Elon Muskâs recent claim that his xAI startup had assembled a cluster of 100,000 Nvidia chips in four months represents âtable stakesâ for the kinds of artificial intelligence Musk is pursuing, venture capitalist Reid Hoffman said Thursday at The Informationâs AI Summit. âI don't think it's necessarily [that] he's in the lead,â said Hoffman, a partner at venture firm Greylock Partners and a director at Microsoft. He said such a... Read more âș
48
Maybe it was a blessing in disguise that I spent most of Labor Day weekend in bed recovering from a bout of Covid, because I was blissfully unaware of the newest venture capital debate brewing online.Rather than enjoy barbecues with their families, it seems like many venture capitalists and startup founders spent the weekend engaging in an argument about the efficacy of âfounder modeâ versus âmanager mode,â a conversation inspired... Read more âș
15
Not too long ago, it didnât seem plausible that chatting with a friend in front of a microphone could make for a lucrative career. I hosted a weekly radio show for about eight years, starting in 2010, when no one had heard of a podcast. During that time, the most common question I received was âThatâs neat, how much does it cost you?â So I was surprised as anyone when... Read more âș
1
Former President Donald Trump said that if re-elected, he would appoint Tesla CEO Elon Musk to head a commission to audit the federal government and recommend âdrastic reformsâ that could save trillions of dollars. Musk has been angling for such a position on X, the social platform ... Read more âș
0
Oracle co-founder and billionaire Larry Ellison will be the controlling owner of Paramount Global after a group led by his son, David Ellison, completes its acquisition of Paramountâs current owner, the Redstone familyâs National Amusements. According to an FCC filing on Thursday, Ellison, who ... Read more âș
2
Nvidia is part of an investor group that agreed to invest $160 million in Applied Digital, a publicly traded data center and cloud computing firm focused on Nvidiaâs artificial intelligence chips, Applied Digital said Thursday. Nvidiaâs involvement in the fundraising follows similar investments ... Read more âș
0
How much would you be willing to pay for ChatGPT every month? $50? $75? How about $200 or $2,000?Thatâs the question facing OpenAI, whose executives we hear have discussed high-priced subscriptions for upcoming large language models, such as OpenAIâs reasoning-focused Strawberry and a new flagship LLM, dubbed Orion. (More on those models here and here.) How much customers are willing to pay for the AI chatbot matters not only to... Read more âș
31
Huawei Technologies, whose phones are a major competitor to Appleâs iPhones in China, has scheduled a big product announcement for next Tuesday, the day after Apple is expected to unveil its next iPhone. That would be an ideal time for Huawei to unveil its much-anticipated next flagship phone, the Mate 70. But Huawei and the company that manufactures its chips, Semiconductor Manufacturing International Corp., are struggling with production of the... Read more âș
16
Shares in C3.ai, which sells artificial intelligence services to large companies and government agencies, fell as much as 17% despite projecting that revenue growth in the current fiscal quarter would accelerate to 23%, or about $90 million, based on the midpoint of its guidance, compared to 21% ... Read more âș
0
Itâs the billion-dollar baby of artificial intelligence. Safe Superintelligence Inc., the AI startup launched by former OpenAI chief scientist Ilya Sutskever, announced Wednesday it had raised a whopping $1 billion from big-name venture capital firms, including Sequoia and Andreessen Horowitz. Thatâs a huge amount of money for a three-month-old company with 10 staffers, no product and a âsingular focusâ on creating âsafeâ AI rather than a money-making product (at least... Read more âș
0
Almost a year ago, I wrote about sports creator Jack Settlemanâs decision to abandon a YouTube account that had nearly 600,000 subscribers and start over on YouTube. His initial channel had become popular thanks to Shorts videos, but those viral views didnât translate over to longer videos or help build a loyal audience, he told me. Read more âș
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29.03.2026 03:47
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