Welcome, Weekenders! In this newsletter:âą The Big Read: How a Chinese megabillionaire became the Jensen Huang of batteries. ⹠Style and Shopping: Tech invaded Cannes. Then we went shopping.âą Plus, Recommendationsâour weekly pop culture picks: âLong Buried,â âHow to Not Die in Prisonâ and âDust BunnyâOn Tuesday, a closely watched Congressional primary in New York City ended in defeat for Alex Bores, a former Palantir engineer turned state legislator who... Read more âș
0
For the last two years, weâve broken a lot of news about cloud giants Microsoft and Google elbowing out traditional venture firms to invest huge sums in artificial intelligence startups that are also their customers. A similar dynamic is playing out in hardware startups.Samsung, the second-largest smartphone maker in the world, is leading a round of at least $300 million in Tenstorrent, a Toronto-based AI chip company helmed by CEO... Read more âș
0
The Cannes Lions International Festival of Creativity, the swanky advertiser conference in the south of France, is kicking off next weekâfor the first time with an official creator presence.Last year a few well-known creators including Emma Chamberlain and Alex Cooper appeared on stage. This yearâs event will feature a lot more top creators, as well as full days of creator-focused panels and networking events. There will be a âheadquartersâ for... Read more âș
0
The biggest question our team has faced upon reporting OpenAIâs revenue growth in the past year or so was whether Microsoft was a critical contributor to the startupâs sales. Most people we talked to had assumed Microsoft was, but the definitive answer is actually âNo.âWhile Microsoft sells OpenAI models to its own Azure cloud customers, the ChatGPT maker seems to be doing just fine selling the subscription version of its... Read more âș
7
The battle for advertising dollars in television used to be dominated by networks like CBS and NBC. Now the most intense competition may be between newer tech entrantsâGoogleâs YouTube, Amazonâs Prime Video and Netflix. Less than six months after launching ads on its Prime Video streaming service, Amazon has made a deep impression on the ad market. The flood of ad slots on Prime Video is putting downward pressure on... Read more âș
0
Since they began seriously building electric vehicles around 2020, Western automakers have stubbornly clung to nickel-based batteries despite their relatively high cost and vulnerability to supply chain snarls. But in a growing shift, more Western players are moving to lower-cost iron-based batteries, which are likely to be the worldâs dominant EV battery chemistry by 2026, according to a new report. Read more âș
1
What a difference a snazzy presentation makes! Apple regained its status as the most valuable company for a few hours on Wednesday as its stock rallied for the second day in a row following its Monday artificial intelligence revelations. By dayâs end, though, investors seemed to realize theyâd gone overboard. Apple stock fell back from its highs, while shares of Microsoftâwhich arguably has a stronger AI story to tell, given... Read more âș
0
Hiring is a perennial headache for creators. Most rely on recommendations from other creators or use their own social media accounts to spread the word. Complicating matters is that often theyâre looking for short-term help or people with a specific skill set, such as experts in YouTube thumbnail design.Roster, a hiring website that officially launched on Wednesday, is focused on helping creators and businesses hire behind-the-camera talent, ranging from video... Read more âș
1
OpenAI has more than doubled its annualized revenue to $3.4 billion in the past six months or so, OpenAI CEO Sam Altman has told staff, a sign that growth in the ChatGPT developerâs business is accelerating despite intensifying competition. Annualized revenueâa measure of the past monthâs revenue multiplied by 12âwas $1.6 billion in late 2023, The Information previously reported, and about $1 billion last summer. That rapid growth reflects how... Read more âș
16
Trustees for bankrupt fintech Synapse are still hunting for $85 million in lost customer money. But that hasnât stopped the company's former chief executive Sankaet Pathak from raising millions in funding for a new robotics venture, Foundation. Heâs already got a $10 million commitment from Tribe Capital, an early-stage venture firm, according to a person with direct knowledge of the financing. Tribeâs co-founder Arjun Sethi co-founded the humanoid and robotics... Read more âș
0
When Apple on Monday showed off the artificial intelligence that will soon land in some of our iPhones, some developers praised the company for running many of the new features directly on the iPhone, rather than in the cloud as other companies do. Like Apple, which has made user privacy and security central to its marketing, these developers say theyâre also concerned about privacy.Appleâs on-device model is a small language... Read more âș
0
Tech companies may soon be on a shopping spree, as the world adjusts to high interest rates and companies start looking for ways to juice growth. And for investors inclined to make a bet on potential targets, they need not go much further than two enterprise tech firms: GitLab and DocuSign. Thatâs our conclusion from wading through numerous publicly traded software firms identified by Wall Street analysts, and after talking... Read more âș
1
Talk about fighting for crumbs. Microsoft and OpenAI announced Tuesday that theyâll tap Oracleâs cloud servers for âadditional capacity for OpenAI.â That counts as great news for Oracle, sending its stock up 9% in after-hours trading. Investors overlooked the fact that Oracle also reported Tuesday that its cloud revenue growth slowed by several percentage points from the previous quarter, to 20% in the three months ended May 31. The slowdown... Read more âș
0
BeReal was the hot app among venture capitalists and Gen Zers in 2022, a feat it used to lasso a $585 million valuation from Coatue Management and DST Global that year. The appâs once-scorching growth has cooledâyet it still managed to sell itself to French gaming company Voodoo for $537 million. In this era of fire sales, thatâs cause for a celebration.âYouâre seeing an M&A market opening up thatâs been... Read more âș
0
For the last 24 hours, Appleâs newly unveiled artificial intelligence features have sucked up much of the oxygen in the room when it comes to tech headlines (more on that here). As many journalists remarked, Apple is playing catch up to some of its rivals, notably Google, whose AI-infused products have been in the wild for months. Thatâs enough time for creators to start worrying about how the new features... Read more âș
0
On a basic level, none of the artificial intelligence Apple announced on Monday came as a surprise. But there's a big difference between a news report describing what Apple is going to launch and seeing the finished product, and in that regard Apple delivered a cogent presentation that put Google's sprawling AI keynote from May to shame.Also, as promised, Apple gave plenty of prominence to OpenAI's ChatGPT for powering some... Read more âș
0
Among the hundreds of American artificial intelligence startups launched in the last few years, those founded by China-born entrepreneurs exercised a unique advantage: They could hire less expensive, talented engineers based in China. Now, as the geopolitical battle between the U.S. and China increasingly extends to AI, these startups are scrambling to sever ties with their homeland. One example is two-year-old Opus Clip, whose generative AI video-editing tool allows creators... Read more âș
0
Apple just delivered a master class in how to explain complex technology to ordinary people. Its presentation on Monday of how it will harness the latest artificial intelligence advances in its software was well done, to say the least. If youâve been wondering exactly what AI can doâother than overhyped exercises such as designing a menu for a dinner partyâyou will now know. These are not world-changing advances, to be... Read more âș
0
OpenAI has hired two Silicon Valley veterans in finance and product roles as it prepares to launch new consumer products and a high-profile partnership with Apple, according to a person with direct knowledge of the hires. Sarah Friar, who was most recently the CEO of Nextdoor, a social network for neighborhoods, is joining as the companyâs first chief financial officer. Kevin Weil, who previously headed up product at Twitter and... Read more âș
5
When Squarespace announced a deal to be taken private by private equity Permira for $6.9 billion last month, it ended an unhappy three-year chapter as a publicly listed company for the DIY website maker. Squarespace was one of the more than 100 tech firms that went public during the frothy days of 2021. Like many of those firms, the IPO has proved a dud. Squarespace went public at $50 but... Read more âș
21
Excitement this morning about Apple's planned reveal of artificial intelligence features during its WWDC event for app developers is more than warranted. While it might not be as mind-blowing as the Kling AI video teasers from Chinaâs Kuaishou last week, Appleâs expected improvements to Siri; new tools to let people automatically generate responses to emails and texts; and a possible chatbot app powered by OpenAI will be a crucial test... Read more âș
0
Most popular sources
MacRumors
|
0% |
ScienceDaily
|
0% |
Startup News
|
0% |
Tech Wire Asia
|
0% |
Irish Tech News
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
01.07.2026 16:19
Last update: 16:12 EDT.
News rating updated: 23:13.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.