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. Rubin’s startup, Genki Robotics, is based in Tokyo, where he is currently living, according to the person.... Read more ›
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The race between Google, OpenAI and Microsoft for chatbot supremacy has only just begun. But the companies may soon compete to put their artificial intelligence–powered chatbots in front of nearly 200 million people who use Mozilla’s Firefox web browser each month. Mozilla plans to prominently feature a chatbot like Google’s Bard or OpenAI’s ChatGPT in Firefox to give users a more conversational web-search experience, Chief Product Officer Steve Teixeira said... Read more ›
5
If you’re prone to narcolepsy, don’t try reading the European Data Protection Commission report on Meta Platforms’ data transfers, which led to today’s $1.3 billion fine of the Facebook owner. The report is so dry it makes the Sahara look like a rainforest. That’s a pity because it’s dealing with something of significance to everyone in the world—the free availability of internet services across borders. The European regular is fining... Read more ›
0
Pocket.watch, a TI 50 startup and entertainment company that helps young YouTube stars such as 11-year-old Ryan Kaji develop original shows, games and toys, is bringing its ad-free streaming service to Comcast’s Xfinity X1 and Stream platforms this summer. The move will bring kid creator content to Comcast’s 16 million customers.Ryan and Friends Plus, which costs $3.99 a month, is among the largest subscription-based independent kids and family services, with... Read more ›
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TikTok’s leaders have spent much of this year telling Washington insiders the company was moving forward with Project Texas, a plan to run the viral video app in a way that alleviates U.S. government concerns about potential meddling by China. The reality isn’t so simple. Project Texas requires Oracle, the app’s cloud provider, to monitor for malicious activity as well as inspect the app’s prized algorithm, which decides which videos... Read more ›
0
When a U.K. antitrust regulator initially ordered Meta Platforms to sell Giphy 18 months ago, it hoped to ensure that the startup—a library for animated images known as GIFs—would prosper as an independent company. Instead, Giphy’s once-promising business has atrophied under Meta’s ownership, making finding a buyer a tall order. Meta killed Giphy’s nascent ad sales operation immediately after completing the purchase in May 2020. Making matters worse, the U.K.... Read more ›
0
In April 2022, Chinese battery manufacturer Contemporary Amperex Technology Ltd. announced a blockbuster deal in Indonesia: With local partners, it would spend $6 billion on a complex on North Maluku island that would mine nickel, process it into electrodes and then manufacture electric vehicle batteries. There would even be a factory to recycle defects and production scrap.Though the project's ambitious scale was highly unusual for the nascent EV battery industry,... Read more ›
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Hi, welcome to your Weekend.Not everyone can be Josh Harris, the private equity mogul who just dropped $6 billion to purchase the NFL’s Washington Commanders. Most people who want a piece of a pro sports franchise have to start a little lower. Enter pickleball. A sport you probably hadn’t heard of before it became a thing around five years ago is now the premier arena for celebrities and billionaires who... Read more ›
0
Is there anybody here who is afraid of AI taking their job?” Visual effects veteran James Blevins, whose credits include “The Mandalorian,” “Icarus,” “Air Force One” and “Space Jam,” was speaking last Wednesday to a crowd of several hundred people at the Hollywood offices of FYI, the productivity platform for creatives founded by Black Eyed Peas frontman will.i.am. Only one person—a reporter on assignment for a news organization (me)—raised his... Read more ›
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On May 9, Expensify issued a quarterly earnings report that even its likable longtime CEO couldn’t soften. It had been a “nuclear winter” for the economy, David Barrett told shareholders. There were silver linings for his expense management software company, but “don’t get me wrong, this quarter sucked.” His blunt diagnosis ignited a sell-off on shares in the $500 million firm, sinking Expensify’s stock to an all-time low, down 87%... Read more ›
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It was power lunch hour in midtown Manhattan and Central Park’s new pickleball courts had filled up with the type of sporty executives who once preferred to talk business over 18 holes of golf. I’d gone to paddle around with Samin Odhwani, an investor at NBA star Kevin Durant’s 35 Ventures, to hear about one of the firm’s latest investments: the Brooklyn Aces, a Major League Pickleball team. We’d planned... Read more ›
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Since Elon Musk purchased Twitter for $44 billion in October, he and his deputies have aggressively cut jobs and slashed costs. During that process, Twitter’s internship program was canceled. But Twitter now has one intern: Arjun Chimni, who was hired as a corporate functions intern in April, according to The Information’s reporting. That’s one of the many updates we made this week to The Information’s Twitter org chart, which now... Read more ›
0
YouTube and Netflix are the most-watched streaming services in America. But it is Amazon that has come closest to building a streaming version of cable TV with its Prime Video Channels service, which lets Prime subscribers easily sign up for a wide range of streaming services run by other companies. It’s an enormously profitable business, more so than almost any individual streaming service. Now YouTube, too, is gunning for a... Read more ›
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When I attended a press event showcasing the Apple Watch back in 2015, I wasn’t impressed. I didn’t really care about the custom gold alloys the company bragged about or think that people would buy it for a price that would go as high as $10,000 (for the very fancy version).Of course, I was wrong about the overall product. Today, the Apple Watch is a hit, with an estimated $10... Read more ›
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YouTube played up its longstanding relationships with creators at its Brandcast event for advertisers on Wednesday night, showing the increasing importance of creator-generated content during a tumultuous time for Hollywood. Such annual presentations, known as upfronts because advertisers book ad spending commitments in advance for the coming months or year, have been happening all week in New York. YouTube’s event at Lincoln Center stood out because other big companies holding... Read more ›
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If you ask a startup founder what they look for in an accelerator program, they’d probably hope for access to startup veterans and connections to prominent venture capitalists. By all accounts, they didn’t get much of that from Newchip, whose parent Astralabs last week entered into Chapter 7 bankruptcy, leaving creditors owed $4.8 million and participants in a state of shock. A closer look at the accelerator reveals a dumpster... Read more ›
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In the past few months, both the Securities and Exchange Commission and the Commodity Futures Trading Commission have brought aggressive enforcement actions against crypto exchanges. Binance founder Changpeng Zhao, Tron founder Justin Sun and Terra founder Do Kwon have all been either charged or sued by one of these two agencies. Meanwhile, the SEC has put Coinbase on notice that a suit is forthcoming. As the SEC will freely admit,... Read more ›
0
Instacart has become an advertising powerhouse. The grocery-delivery firm’s ad revenue totaled about $740 million last year, up 30% from 2021, according to a person familiar with the matter. That’s a striking increase, given that the digital ad market was largely stagnant last year. Nearly 30% of Instacart’s 2022 revenue came from selling advertising rather than actually delivering groceries. Read more ›
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Early this month in the Texan port city of Corpus Christi, Tesla CEO Elon Musk and a phalanx of local officials shoveled dirt onto the site of the first commercial-scale factory of its kind: a $375 million lithium refinery using equipment that slashes operating costs by a third while processing enough of the metal to power 1 million electric vehicles a year.But the start of the factory’s construction, part of... Read more ›
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There’s a saying that “old soldiers never die, they just fade away.” You could apply that to a bunch of money-losing companies in the (very broadly defined) tech sector that are still hanging around such as Lyft, Bird Global and BuzzFeed. But the best example would have to be WeWork, which has deflated like a blowup swimming pool with a puncture since going public in the fall of 2021. Today,... Read more ›
0
Facebook has been doubling down on its creator efforts this week, emphasizing Reels above all else.The flagship Meta Platforms app held the first in a series of livestreams it’s calling Reels School on Wednesday. Facebook invited creators who have found success posting short-form videos to the site to educate other Reel makers on strategy and video production. The half-hour livestreamed event, the first of its kind for Facebook, drew up... Read more ›
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21.11.2025 06:08
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