Who said inflation was moderating? Spotify on Monday announced its second price increase in less than a year: The two price rises together total between 20% and 30%, depending on the tier. Jacking up prices so much in such a short period of time is a gutsy move by CEO Daniel Ek, whose company has long struggled to make any real money, due to its need to pass on most... Read more ›
0
In its first earnings report as a public company, Reddit last month said its average revenue per user in the first quarter rose 8% from a year earlier. The biggest reason: new deals in which Reddit is licensing the billions of words and images on its site to developers of large language models. For the year, Reddit said it expected more than $66 million of revenue from such deals, which... Read more ›
28
Boston-based bank State Street Corp. is once again hiring for its digital-assets division, which plans to offer crypto custody service, less than six months after cutting jobs in the department. The move reflects growing confidence that crypto and tokenized assets will become more integrated into the financial system. The bank is pressing ahead with the plan despite U.S. President Joe Biden’s late Friday veto of a bill last week that... Read more ›
0
Artificial intelligence that automates multi-step tasks on the web, such as organizing and booking a trip, is still under development. But it may be only a matter of months before big developers such as Google, Meta Platforms, OpenAI and others release such time-saving tools.We’ve been wondering where Amazon will be in this race, and how it might leverage its army of Alexa voice assistant devices scattered across the globe. Most... Read more ›
9
Etsy has a problem. For about the past year, the site, which pitches itself as a place to buy unique goods like handmade jewelry and custom clothing, has become overrun with products from overseas sellers that are also listed—often for less money—on newer bargain sites like Temu. In recent months, Etsy has been developing more tools to try to rid its site of those products and better enforce its longstanding... Read more ›
10
Artificial intelligence chatbots such as OpenAI’s ChatGPT and Google’s Gemini consume several times as much power as an ordinary Google search, and the insatiable tech companies are demanding yet more from them at a scale that can overwhelm the grid. Read more ›
4
Millions of consumers who kept their savings with digital banking startups such as Yotta or Juno have lost access to their money as a result of this month’s collapse of a little-known fintech called Synapse Financial Technologies. Synapse, which supplies some of the basic plumbing that allows startups to offer banking services, filed for bankruptcy protection in early May amid accusations from numerous onetime fintech clients and banks that tens... Read more ›
0
Welcome, Weekenders! In this newsletter:A Wall Street titan with Sequoia money The very best ghostwriters for conjuring a bestsellerPlus: When crooks fell in love with an FBI messaging app; the tech that sparked a toe-curling scandal; and a joyous apocalypse.Melinda French Gates is wasting no time apparently. Less than a month after announcing her departure from the Gates Foundation, which she ran with ex-husband Bill Gates, the billionaire made headlines... Read more ›
0
You’re a successful founder or C-suite exec at the pinnacle of your career, looking to climb one more mountain: the bestseller list. Whether you want to write a book to share the lessons you’ve learned, launch a personal platform or cement your legacy, a great ghostwriter—one who can channel your voice, act as a thought partner and help you construct a compelling narrative—might be just the person to help make... Read more ›
0
What happened to all that AI euphoria we were hearing about for much of the past year? A big sell-off in enterprise software stocks this week dragged down names from Microsoft to Salesforce to Adobe. It demonstrated just how jittery investors are about the state of the software market. That makes sense: Executives at Salesforce, UIPath and other companies have acknowledged in recent days that businesses have turned hesitant about... Read more ›
0
While I was off discussing AI and media, the rest of the More or Less gang was.... discussing AI and media! I loved this podcast (as a listener) and know you will too. And Brit, I want my office back! Have a great weekend. Apple Spotify YouTube Read more ›
12
The popular image of Ken Griffin is that of a master manipulator of financial markets, the bogeyman of a generation of memestockers who spin conspiracy theories about his company, Citadel Securities, interfering with their ability to trade shares of GameStop. But two decades ago, when his hedge fund was still young, Griffin was the one who seemed intimidated. “I hate this,” said Griffin. The Citadel hedge fund founder’s palms were... Read more ›
3
There’s still no sign of marquee private companies such as Stripe or Databricks listing shares on the stock market anytime soon. But slowly, the pipeline of initial public offering candidates is growing after a quiet few years, according to The Information’s Tech IPO Tracker. Our data suggests that 19 companies are likely to go public sometime in the next year. Genetic testing company Tempus AI unveiled its IPO prospectus to... Read more ›
1
You’d almost think the long-anticipated AI reckoning for enterprise software has finally come, judging from how some stocks have fallen in recent days. Shares of Salesforce, Workday and UiPath, among others, have dropped by more than 20% since those companies warned customers were wary about committing to long-term software deals. While most of the companies didn’t blame artificial intelligence for the slowdown, it’s hard to believe AI isn’t connected. Who... Read more ›
0
I’ve been in Austin all week, attending the biggest annual crypto conference, Consensus, along with 15,000 other people. The parties—particularly those at BBQ restaurants—were packed. And the vibe all week has been cautiously optimistic, in contrast with a year ago when the industry was merely trying to survive through the aftermath of FTX’s collapse. Crypto executives and investors are celebrating what they perceive as a shift in the U.S. regulatory... Read more ›
0
Google hired two cloud executives from rivals Amazon Web Services and Microsoft as it builds out its artificial intelligence ranks with the goal of boosting its cloud business, according to a person with direct knowledge. Saurabh Tiwary, a former corporate vice president at Microsoft, will join Google Cloud Monday as a general manager of cloud AI, a newly created role. Raj Pai, a former vice president at AWS, is overseeing... Read more ›
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It’s funny how history has a way of repeating itself. This week, we wrote that artificial intelligence-powered search engine Perplexity is raising more money at a $3 billion valuation in a deal led by Bessemer Venture Partners, a lofty price considering it is generating just over $20 million in annual recurring revenue. That news got me thinking about a zero-interest-rate-era group of startups we dubbed the 100X Club. Perplexity is... Read more ›
21
When OpenAI teased its new text-to-video generator Sora earlier this year, it upped the ante in the race to develop artificial intelligence applications to create art. Since then, Google has unveiled AI video generator Veo, and Erin has reported TikTok is working on an AI feature to create virtual influencers for advertisers, as well. As our chart below shows, smaller startups still dominate AI video services. They’re selling tools for... Read more ›
0
The U.S. Commerce Department is probing whether a South Korean maker of parts for machines that produce semiconductors has been selling to Chinese companies that are subject to U.S. sanctions, said two people with knowledge of the investigation. The review signals a new effort by the U.S. government to root out how companies such as Huawei are getting access to crucial chip-making technology, despite escalating U.S. export controls. The officials... Read more ›
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In 2023, companies large and small engaged in a mania around artificial intelligence to capture a slice of the action. Publicly traded companies mentioned AI more than 30,000 times on earnings calls, and private companies launched their own announcements, pilots and productivity projects. Now, executives are looking for a financial return on their investment—and finding little. Among publicly traded software companies, analysts say only Microsoft has shown any additional revenue... Read more ›
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15.06.2026 00:19
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