Andy Rubin, creator of Android and a former Google executive, has launched a new startup focused on humanoid robots, said a person with direct knowledge of the venture. His venture is the latest addition to the red-hot and frothy humanoid space, crowded with companies ranging from Tesla to startups such as Figure AI. Rubinâs startup, Genki Robotics, is based in Tokyo, where he is currently living, according to the person.... Read more âș
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Nvidiaâs business of selling chips for artificial intelligence is going gangbusters, but the company faces a looming problem. Its biggest customersâcloud providers including Microsoft, Google and Amazonâare making their own AI chips to reduce their reliance on Nvidia. In response, Nvidia is helping two upstart cloud providers whose ambitions donât include developing their own AI chips. Nvidia has given the startups access to its latest graphics processing units, which the... Read more âș
15
Congress appears poised to shrink a key obstacle to the creation of a competitive U.S. electric vehicle battery industryâthe agonizing, often yearslong wait to obtain permits to mine for battery metals such as lithium and nickel. On Wednesday night, the House approved small but important changes to the permitting process as part of a bill to lift the federal debt ceiling. Now the Senate takes up the bill in the... Read more âș
0
These corporate efficiency initiatives really work! Salesforceâs April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expensesâresearch and development costs fell 8.4% while marketing expenses dropped 6.5%âeven as revenue rose 11%. Cutting costs to lift profits is about as basic a concept as there is in business.... Read more âș
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Google is investing in Runway, a New Yorkâbased startup that lets customers generate video from text descriptions using artificial intelligence it pioneered, at a valuation of around $1.5 billion including the new capital, according to two people familiar with the matter. The investment, part of a roughly $100 million funding round, underscores the fierce competition among cloud providers to get close to companies with cutting-edge AI services that could become... Read more âș
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Over the past two years, Iâve interviewed dozens of creators. Itâs very rare that I speak to one that hasnât experienced burnout or a toll on their mental health, sometimes spurred by hateful comments, declining views, or simply the loneliness of working solo. Two recent creator suicides, of long-time influencer Heather Armstrong and TikTok dad Bobby Moudy, have trained a spotlight on creatorsâ mental health strainsâand the startups trying to... Read more âș
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In case you missed it, I scooped Tuesday that insiders at MoonPay, including its DJ-turned-CEO Ivan Soto-Wright, sold $150 million worth of shares in a secondary transaction as part of its $555 million November 2021 funding round. And a few weeks after the Series A announcement, Soto-Wright bought a $38 million Miami Beach estate that was previously owned by retired Miami Heat star Chris Bosh.It was one of the largest... Read more âș
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If Apple unveils its long-awaited mixed-reality headset next week as expected, it will represent the companyâs riskiest gamble on a new product since the iPhone. It will also test the companyâs prowess in design and manufacturing like nothing before. The headset is the most complicated hardware product Apple has ever created due to its unconventional curved shape, thinness and ultralight weightâwhich has resulted in an expected budget-busting price tag of... Read more âș
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Well thatâs one way to get attention. According to a statement issued today by a bunch of leading names in AI, âmitigating the risk of extinction from AI should be a global priority.â Right. Itâs hard to imagine anyone out there disagreesâwho but the most extreme misanthrope wants to extinguish the human race? The question, then, is why the very people responsible for AIâs development are suggesting it should be... Read more âș
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Like most startups, gaming companies have seen interest from venture capitalists fall off sharply in the last year. But appetite is not completely dead. Investors have been backing those that prioritize creator-generated content and those that incorporate generative artificial intelligenceâand sometimes both.Gaming startups raised $1.1 billion in 140 deals in the first quarter, according to a report out Tuesday from PitchBook, down 76% in dollar terms from a year ago... Read more âș
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Activist investor Legion Partners, which owns a stake in Twilio, has met several times with the companyâs board of directors and management, urging them to make changes to the board and consider divestitures, among other moves, according to people familiar with the matter. The conversations come at a critical moment for the $11.5 billion communications software company. Its use of supervoting shares, which gives CEO and co-founder Jeff Lawson a... Read more âș
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In November 2021, just as crypto prices were hitting all-time highs, MoonPayâa crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token âconciergeâ serviceâannounced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management. There was more to the deal than met the eye. MoonPay raised... Read more âș
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The technology hype cycle would have us believe that the metaverseâso recently the darling of digital trendsettersâis on the decline, its place usurped by generative artificial intelligence. Yet this narrative, while superficially attractive, is a fiction. The truth is that emerging technologies are part of a synergistic ecosystem. Rather than heralding the demise of the metaverse, generative AI may well prove to be its catalyst, fueling accelerated development in extended... Read more âș
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Merger and acquisition activity has been anemic for more than a year, with buyers and sellers often far apart on price after valuations have taken a beating. But one corner of the M&A market has held up much better than others during the doldrums: the sale of companies owned by a founder with neither venture capital nor private equity backers. The number of deals of that type declined just 5.7%... Read more âș
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The Singapore-based CEO of TikTok, Shou Zi Chew, is getting a bigger job. TikTokâs Chinese parent company, ByteDance, is putting its newer social media app, Lemon8, under Chewâs supervision, according to a person with direct knowledge of the matter. The move appears to reflect ByteDanceâs strategy of locating the heads of its global apps outside China, in an effort to defend the apps from a backlash over their Chinese ownership.... Read more âș
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For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplierâIndonesia, which possesses vast reserves of a previously spurned low-grade type of nickelâand new smelting... Read more âș
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Hi, welcome to your Weekend.Wall Street short sellers are not everyoneâs cup of tea. That goes double for a lifelong contrarian like Marc Cohodes, who sees himself as an anti-fraud vigilante fighting for the little guysâwhile also being a loudmouth bully on Twitter. Nobody knows this better than veteran finance journalist Michelle Celarier, who has been on the receiving end of Cohodesâ verbal abuse over the years. When she set... Read more âș
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When Andy Wilsonâs company received its first successful client referral through ChatGPT, he was shaken to his core. The founder and CEO of Logikcull, a San Franciscoâbased legal technology company, Wilson âhad the exact same reaction to ChatGPT as I had to the internet browser in the early â90s,â he said. âBut this time I knew it would be even bigger than the internet, the cloud, the iPhone combined.â Read more âș
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On Wednesday night, Twitter experienced multiple outages during a high-profile live audio forum on the app in which Republican Florida Gov. Ron DeSantis launched his presidential campaign. While the specific reason for the flub couldnât be learned, the company several weeks ago stopped paying for special software that handles high-traffic internet services, including for the appâs live-audio feature, according to a person with direct knowledge of the decision. The move,... Read more âș
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On June 29, 2020, as thunderstorms swept Mumbai and daily Covid-19 cases in India surged by almost 20,000, millions of people began experiencing a flood of network errors on their mobile devices. TikTokâand nearly 60 other Chinese appsâhad been driven offline in the worldâs largest democracy. A sweeping government crackdown on Chinese tech had begun, with Prime Minister Narendra Modi issuing bans on widely popular apps and services to protect... Read more âș
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In the spring of 2022, the irascible Wall Street short seller Marc Cohodes was in a particularly foul mood. The 62-year-oldâs second marriage was on the rocks. He was recuperating from shoulder surgery after his horse rammed him. He couldnât do much of anything besides fume and tweet about the financial markets. On April 29, 2022, Cohodes found himself seething about offshore crypto exchange FTX and its CEO, Sam Bankman-Fried,... Read more âș
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Most popular sources
Business Insider
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30% 3 |
Gizmodo
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15% 10 |
Android Authority
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10% 5 |
The Verge
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8% 1 |
Ars Technica
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5% 2 |
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21.11.2025 05:09
Last update: 04:55 EDT.
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