Shares of database provider Snowflake jumped more than 19% in the wake of its report after dropping less than 1% in regular trading. Investors seemed to be encouraged that the company sailed well past its earlier quarterly product revenue projections and raised its full-year ... Read more âș
0
Penny Lane, a Boykin spaniel living in the East Bay, is a bolter. It comes naturally to her: The Boykin, which is the state dog of South Carolina, was bred to fetch game during a hunt. âWe live in the suburbs, so thereâs some retrieving to be done, but not as much as one wishes,â said Pennyâs owner, Allison Braley, a Bain Capital Ventures partner. âThe concern is always, âDoes... Read more âș
26
Itâs no surprise that President Joe Biden isnât a TikTok fan: Heâs not really the target demographic. But the president signaled today that he also isnât a fan of Temu or Shein, two online shopping sites with ties to China that sell lots of cut-price clothing, housewares and other stuff. The Biden administration is taking new steps to close the import duty loophole that has allowed both shopping services to... Read more âș
0
The Biden administrationâs decision on Friday to end an import exemption that fueled the popularity of sites like Temu and Shein is likely to force China-founded sellers to fast-track overhauling their supply chainsâand raise their ultracheap prices. The proposed trade rule changes could also prompt strategy shifts at U.S. apparel brands that have embraced selling direct from China, including venture-backed brands like Cider and Quince, and logistics startups like ShipBob... Read more âș
0
Alphabetâs self-driving car business, Waymo, is expanding its robotaxi ride-hailing partnership with Uber to people in Atlanta and Austin next year. The two companies already operate a similar partnership in Phoenix, although in that city, Waymo also operates its robotaxi service through its own ... Read more âș
0
Perhaps I was a little too harsh on Sam and Dave in this episode when I accused them each of blindly following their favorite tech CEO. But that's part of the fun of More or Less, where we give you our real views on people and companiesâand call each other out on our quirks. I enjoyed this episode very much. It's the kind of discussion and debate that looks backâand... Read more âș
37
âYouâve been here before?â asked the guard at the gate, a pistol fastened to his belt. I shook my head no. âIf you go past the red Tesla,â the guard said, waving my Uber through, âyouâve gone too far.â After a few minutes of Texas shrubland, we arrived at Joe Lonsdaleâs back door, where another armed guard ushered me out of the 100-degree heat and into a Spanish-style villa complete... Read more âș
2
A clearer picture is emerging of OpenAIâs massive financing, which values the ChatGPT developer at $150 billion. Venture capital firm Tiger Global Management plans to participate in the multi-billion dollar round, according to people familiar with the matter. Tiger would join Thrive Capital, Microsoft, Nvidia, Apple and the Abu Dhabi AI investment firm MGX, as well as Khosla Ventures which are also in talks to participate in the multi-billion dollar... Read more âș
6
In 2022, not long after the window for initial public offerings slammed shut, European early-stage investment firm Speedinvest hired someone who informally began using a wonky new job title. The firmâs self-styled âhead of DPIâ is in charge of making sure the distributed to paid-in capital ratioâa measurement of the cash the firm has returned to investorsâis as strong as possible. While venture capital firms have long paid attention to... Read more âș
0
The Biden administration said Friday it would move to significantly limit a trade provision used by e-commerce companies like Temu and Shein, as part of an effort to crack down on illegal and unsafe goods entering the U.S. The provision, known as de minimis, allows individuals to import up ... Read more âș
0
The CEOs of Nvidia, Microsoft, CoreWeave, Amazon Web Services and OpenAI met with the U.S. secretaries of energy and commerce at the White House on Thursday to discuss how the energy grid would handle growing power needs from artificial intelligence and how to speed up the development of ... Read more âș
0
OpenAI today released its much-anticipated Strawberry artificial intelligence model, designed to âsolve harder problemsâ than its previous models, as the company said in its blog post today. Hereâs a problem it should try to tackle: How can investors justify investing money in the ChatGPT maker at a $150 billion valuation, the level at which OpenAI is raising money right now? (For more on that, see our scoop today about the... Read more âș
0
OpenAI has been talking to a UAE state-backed fund about participating in the artificial intelligence developerâs capital raise of up to $7 billion, The Information reported Thursday. The fund, MGX, would join existing investors Thrive Capital, Microsoft, Khosla Ventures and others in the ... Read more âș
0
For cybersecurity investors rattled by a year filled with valuation haircuts for high-priced cybersecurity companies, Thursday offered a glimmer of hope that home-run deals are still possible in the sector.Mastercard announced that it will acquire threat intelligence startup Recorded Future for $2.65 billion from private equity and venture capital firm Insight Partners. Insight had acquired it for $780 million in 2019, notching a 3.3 times return on investment for the... Read more âș
0
OpenAIâs ChatGPT has more than 10 million paying subscribers and another 1 million subscribers that are part of higher-priced plans for business teams, COO Brad Lightcap recently told staff in a message, according to a person who viewed the message. Those numbers, which the company hasnât publicly disclosed, imply that the artificial intelligence chatbot is conservatively generating more than $225 million in revenue per month, or $2.7 billion on an... Read more âș
53
Software firm Adobe reported 11% revenue growth in its third fiscal quarter, a slightly faster growth rate than the previous quarter, as demand grew for Adobeâs image generation model, Firefly. But lower-than-expected projections for the fourth quarter sent Adobe stock down 10% in after-hours ... Read more âș
0
Warner Bros. Discovery will add more than 6 million streaming subscribers within its direct-to-consumer business, which includes the Max and Discovery+ streaming services, according to WBD CEO David Zaslav. Most of that growth is coming from international markets such as Europe and Latin America ... Read more âș
0
For creators, getting paid comes a close second in importance to reaching fans. But we donât often get an inside look at how the paymentsâfrom tips to subscriptionsâhappen. Thatâs why our colleague Michael Roddanâs reporting on Stripe earlier this week is a must read. Fintech companies like Stripe have leaned into a surge in online payments in recent years, and Stripe has touted how itâs embraced new forms of commerce... Read more âș
16
Amazon said Thursday that it expects average wages for people who drive for its delivery subcontractors to reach nearly $22 per hour, a 7% increase from last year. The move comes as Amazonâs system of subcontractors, whom the company calls Delivery Service Partners, faces pressure from federal ... Read more âș
0
OpenAI on Thursday released a first version of its highly anticipated Strawberry artificial intelligence that aims to reason through complex problems just as it raises up to $7 billion from Thrive Capital and potentially also from a UAE state-backed investment firm, MGX. The model, officially ... Read more âș
0
OpenAI has told investors it may try to raise as much as $7 billion in a massive fundraising round that would value it at $150 billion. It is in talks with MGX, the $100 billion UAE state backed investment fund, as well as tech and VC investors such as Microsoft and Thrive Capital. A spokesperson for MGX said that âas part of its regular investment mandate, MGX has been continuously... Read more âș
2
Most popular sources
Business Insider
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31% 5 |
Tom's Hardware
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8% 0 |
CNET
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8% 2 |
Gizmodo
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8% 0 |
Eurogamer.net
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8% 6 |
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25.11.2024 05:26
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