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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Meta Platforms has combined its advertising product, business messaging and commerce departments into one division as part of a broader effort to reduce the ranks of middle management across the company. The changes, communicated internally last week by Metaâs vice president of monetization, John Hegeman, also show how closely Meta has aligned commerce, messaging and advertising areas as it tries to jumpstart ad growth. Read more âș
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Fintechs, beat down by the tech meltdown last year, are struggling to make good on their pitch to consumers. Consumer lendingâfocused fintechs like Upstart and Pagaya touted artificial intelligence and other flashy tech as a way to lend money to people quickly and easilyâeven to customers with bad or limited credit histories that couldnât borrow from traditional banks. Read more âș
1
The overnight success of ChatGPT and GPT-4 marks a clear turning point for artificial intelligence. It also marks an inflection point for public discourse about the risks and benefits of AI for our society. Practitioners, policymakers and pundits alike have voiced loud concerns, ranging from fear of a potential flood of AI-generated disinformation to the existential risks of superhuman intelligence whose goals may not align with humanityâs best interests. The... Read more âș
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A former employee of SoftBank-backed messaging app IRL alleged in a legal filing that the company has inflated its user count and retaliated against him and other employees who raised concerns about the accuracy of its user numbers. The former employee, Nicholas Grant, made the allegations in an unfair dismissal complaint he filed with the Welsh employment tribunal last month. Grant says in the filing, which The Information viewed, that... Read more âș
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Tesla is shaking up its top leadership in South Korea just one day after CEO Elon Musk met with South Koreaâs president to discuss further investment in the country. Yvonne Chan, a regional director for Teslaâs business in Thailand and Taiwan and close deputy to Tesla automotive head Tom Zhu, has added South Korea business to her responsibilities, according to a person with knowledge of the matter. Chan, who previously... Read more âș
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Late last year, a trio of engineers who had just helped Apple modernize its search technology began working on the type of technology underlying ChatGPT, the chatbot from OpenAI that has captivated the public since it launched last November. For Apple, there was only one problem: The engineers no longer work there. They had left the company to work on the technology, known as large-language models, at Google. The three... Read more âș
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General Motorsâ decision this week to kill the electric Chevy Bolt brings to a close a turbulent chapter in the companyâs foray into electric vehicles, including one of the past decadeâs biggest battery scandals and a fire hazard that forced the recall of the entire Bolt fleet. Itâs a mystifying decisionâand a big mistake. Read more âș
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In tech, three is the new 30. Meta Platforms on Wednesday reported a 3% lift in revenue for the first quarter, the same revenue increase Alphabet reported for its first quarter on Tuesday. Increasing the top line by 3% is a far cry from the 25% to 30% quarterly growth Facebookâs owner once reported with monotonous regularity. But itâs a big improvement from reporting declines in revenue, as Meta had... Read more âș
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Before we get into Meta Platformsâ first quarter earnings report, we have some new details about internal changes happening at Instagram as a result of Metaâs latest job cuts. Instagram chief Adam Mosseri, in a note to Instagram employees last week, said the app needs a âflatter structure that gives everyone the opportunity to meaningfully contribute to our highest priority projects.â That means Instagram is doing some internal shuffling and... Read more âș
42
A little over two weeks ago, before First Republic Bank revealed on Monday that depositors had yanked more than $100 billion from the bank, Brian Mac Mahon, the founder of Santa Monica, Calif., early-stage startup accelerator Expert Dojo, made an unusual callâto deposit his companyâs funds into the stressed Californian lender. Having thought âlong and hardâ about the collapse in March of the startup sectorâs favored lender, Silicon Valley Bank,... Read more âș
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Many tech firms saw meager revenue growth, or even a decline, last year as the digital ad market stalled and businesses cut back spending on software. Messaging startup Discord was an exception. Discord, which makes money from subscription fees, lifted revenue 44% to $445 million last year, according to an internal presentation viewed by The Information. That was a slowdown from 2021, when Discordâs revenue expanded 126%, according to a... Read more âș
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Crypto exchanges based in the U.S. are wading further into overseas markets. Late last week, Winklevoss-founded exchange Gemini said it will soon launch a crypto derivatives trading platform outside the U.S. called Gemini Foundation, confirming our scoop from last month. The first product it will sellâa perpetual futures contractâis a crypto fan favorite, and will let traders take on leverage of up to 100 times.Gemini isnât alone. Coinbase, too, has... Read more âș
0
Since Sundar Pichai became CEO of Googleâs parent company, Alphabet, in 2019, he has been honest with colleagues about the difficulties of overseeing a sprawling conglomerate thatâs under constant strain from internal power struggles, regulators and rebellious employees. In one example of that candor, he said in an internal meeting several years ago that the job had taken its toll and he envisioned passing the baton in a few years,... Read more âș
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Score one for Microsoft. At 48 years of age, the software giant may be old by tech standards, but itâs performing better than younger rival Alphabet, as their March quarter numbers showed today. Both companies posted better results than they had for the December quarter, although thatâs a low bar, given that neither showed much growth at all then. For the most recent quarter, Microsoft reported 7% higher revenue as... Read more âș
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Anyone looking for relief from the pall hanging over the advertising business didnât find it in YouTube results Tuesday. The Alphabet-owned video sharing site, something of a bellwether for the creator economy, said YouTubeâs ad revenue fell 2.6% to $6.7 billion during the first quarter compared with the same period a year ago. That was the third straight quarter of decline, and worse than the less-than-1% drop in Googleâs total... Read more âș
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Meta Platforms had hired a chip executive from Microsoft to oversee its work developing custom chips for hardware devices, according to two people familiar with the matter. The hire comes as Meta is evaluating the companyâs silicon strategy, a move that could spell more layoffs. Jean Boufarhat, who currently serves as corporate vice president of silicon engineering at Microsoft, is joining to run Metaâs Facebook Agile Silicon Team, or FAST.... Read more âș
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Amazon CEO Andy Jassy has picked Eric Rimling, a 14-year veteran of the companyâs fulfillment operation, as his new technical adviser, according to two people with knowledge of the appointment. The highly coveted position, which involves working directly with the CEO on a daily basis, has been a fast track to promotions for Amazon staffers in the past, including Jassy himself. Rimlingâs January appointment, which hasnât been previously reported, is... Read more âș
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In technology circles, people balk at the mere mention of government regulation. The naysayers argue it interferes with innovation and is a bad byproduct of big government. But history tells a different story. Transparent, accountable and expert oversightâeven when implemented late or ineffectively at firstâhas proven to be an important part of scaling an economy. For better or worse, regulation is a necessary and proven boundary condition of capitalism. So... Read more âș
0
It can be a brutal reality for investors: No matter how much a stock has fallen, it can still fall further. Take digital media firm BuzzFeed, which dropped 87% in 2022 and another 14% so far this year. Or electric truck maker Rivian, which plunged 82% last year and so far this year is down 33%. Both stocks are among a group of tech stocks that have kept falling after... Read more âș
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Prepare yourselves. This week weâre going to hear lots of variations on the terms âheadwindsâ and âchallengesâ and âexecution.â Weâve got March-quarter earnings coming from most of techâs big names, and the picture isnât expected to be pretty. Microsoft, Alphabet, Amazon, Meta Platforms and Snap report between Tuesday and Thursday. You can see details of whatâs expected from each below, but hereâs the headline: Analysts expect those five companies to... Read more âș
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Most popular sources
Business Insider
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30% 5 |
Gizmodo
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14% 9 |
Android Authority
|
9% 2 |
The Verge
|
8% 2 |
Ars Technica
|
5% 1 |
| View sources » | |
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21.11.2025 09:27
Last update: 09:21 EDT.
News rating updated: 16:20.
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