A few weeks ago, at a former jellybean factory in Emeryville, California, I tasted what may be the future of food: the lab-grown, or cultured, meat produced by Prolific Machines, a four-year-old startup that has been operating in secret while it develops its technology. “Last night, I worried what you were going to think,” admitted cofounder Declan Jones, 30, a funny Englishman clad in a purple tie-dyed Alice Coltrane t-shirt.... Read more ›
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Mercedes-Benz, aiming to introduce next-generation solid state batteries into its electric vehicles by 2026, said it has moved into advanced tests of a battery developed by Massachusetts-based Factorial Energy. The move comes amid increasing industry and investor skepticism about the mass-market potential of most next-gen EV batteries. Read more ›
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The U.S. government forbids Nvidia from selling some of its most advanced artificial intelligence chips to customers in China. But it doesn’t stop Chinese firms from buying or renting Nvidia’s chips if they’re used within the U.S. Some big Chinese tech firms have taken advantage of that loophole, or tried to. ByteDance, owner of TikTok, has been renting Nvidia’s best chips from Oracle for AI computing, according to two people... Read more ›
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Activist investor Elliott Investment Management has bought a more than $2 billion stake in Japanese conglomerate SoftBank Group, and is making an explicit demand for the company to buy back $15 billion of its shares, the FT scooped today. But the implicit message is telling: Investors like Elliott don’t trust that Masayoshi Son has really learned his lesson from previous mistakes at his investment arm, the Vision Fund.The pressure comes... Read more ›
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When real estate broker Ryan Serhant appeared on Bravo’s reality TV series “Million Dollar Listing New York” in 2012, he got an instant taste of fame. “The next day, I was walking around New York City and I was stopped 10 times on the street,” Serhant recalled in a recent interview. “Just being on TV at the height of cable TV was enough.” Read more ›
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The artificial intelligence boom has ignited an intense response from regulators that will shape the future of AI startups, platforms and open source. President Joe Biden last year issued an executive order on AI and the EU has its AI Act. In the first half of 2024, state lawmakers across the U.S. have introduced 745 AI-related bills—10 times as many as were proposed in all of 2023. California’s most sweeping... Read more ›
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If you’re an investor who’s turned negative on Amazon Web Services because of its much-reported growth slowdown of 2023, you might want to look again. While the pioneer of cloud computing is no longer posting red-hot topline expansion numbers, growth picked up meaningfully in the first quarter. Meanwhile, its profit margins are looking healthier than ever. And it’s a good bet AWS will keep them that way, despite the big... Read more ›
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OpenAI’s forthcoming artificial intelligence-powered voice assistant, which allows users to speak with ChatGPT on their phone, has generated tremendous buzz in the industry, and not just because of ScarJo. That’s because developing AI models that can understand human voices and generate realistic AI voices is a lot harder than you might think.While text chatbot users may be OK with waiting a few seconds for written answers, a few seconds of... Read more ›
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In another setback for a maker of a next-generation electric vehicle battery, Massachusetts battery developer Ionic Materials let go virtually its entire workforce on Tuesday, closed down and made plans to sell its equipment and other assets, according to multiple former employees. The company fired more than 40 employees, two of whom said they received two weeks of pay as severance. Ionic attracted investor attention in 2018, claiming it had... Read more ›
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Say what you will about Elon Musk, at least he is consistent. CNBC broke news today about Musk redirecting a shipment of Nvidia’s highly valued AI chips from Tesla to Musk’s privately held X and xAI, crystallizing concerns that some Tesla shareholders have about Musk’s divided loyalties. Once again, we have evidence that in his management of numerous companies, Musk moves staff (and other resources) between them as though they’re... Read more ›
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Over the past year, a wave of venture capitalists have left their firms as the industry wrestles with a steep correction. Now, some are teaming up with each other for their next gig. Former Andreessen Horowitz general partner Kristina Shen is joining former Index Ventures partner Mark Goldberg and former Bessemer Venture Partners partner Ethan Kurzweil to start their own venture firm, according to two people who spoke to the... Read more ›
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Hollywood veteran Jeffrey Katzenberg has raised $460 million for his investment firm WndrCo’s first set of dedicated venture capital funds, including a $60 million seed fund. The new fund stands out in a tepid year for VC fundraising—and shows Katzenberg’s name has plenty of pull with investors. That’s despite the collapse of Quibi, the short-form video app he co-founded, four years ago.Katzenberg said attention around the high-profile failure has faded.... Read more ›
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MrBeast has a new chief operating officer for his holding company: Jeffrey Housenbold, a former SoftBank Vision Fund managing partner who backed companies including DoorDash and took Shutterfly public as CEO in 2006. Housenbold’s background and new title indicates that MrBeast has high ambitions for his growing business empire, which includes chocolate bar company Feastables. It suggests he could even try to take individual businesses—or his entire holding company—public at... Read more ›
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As the artificial intelligence boom continues, questions about safety and ethics are more important than ever. In partnership with Salesforce, Aaron Holmes of The Information held a virtual panel to discuss the intersection of safety, technology and regulatory frameworks for AI with three powerhouses in the industry: Kathy Baxter, principal architect, Ethical AI Practice, Salesforce Dr. Sara Hooker, VP of research and head, Cohere for AI Dr. Sasha Luccioni, AI... Read more ›
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Apple was in talks last year to launch its Apple TV+ video streaming service in China via a deal with China Mobile, the country’s largest telecommunications provider, according to people with knowledge of the matter. If successful, the talks would make Apple TV+ the only U.S. streaming service to be available in China, one of the world’s biggest markets. The status of the talks is unknown. But Apple has good... Read more ›
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As companies like OpenAI, Anthropic, Google and Meta Platforms race to leapfrog each other with marginally faster, cheaper or more accurate large language models, a number of developers have told me that these LLMs are beginning to reach parity when it comes to performance.And now, new exclusive data from Kruze Consulting, a finance and HR consulting firm, backs up those anecdotes. Over the last year, the proportion of the firm’s... Read more ›
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TikTok parent ByteDance is raising between $700 million and $800 million for its online auto information and marketplace business Dongchedi, according to three people with direct knowledge of the matter, in preparation for an initial public offering for the unit. Plans for an eventual IPO are part of a bigger plan by the Chinese tech giant to spin off businesses it no longer considers core, abandoning an unsuccessful diversification effort.... Read more ›
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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 ›
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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 ›
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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 ›
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21.06.2026 04:53
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