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. Rubin’s startup, Genki Robotics, is based in Tokyo, where he is currently living, according to the person.... Read more ›
69
What a panic. You might have thought a new coronavirus had surfaced in Silicon Valley Bank’s Santa Clara, Calif., headquarters, as SVB investors (and, apparently, depositors) rushed for the exits. SVB’s shares fell 60% in regular trading and another 21% after hours. This doesn’t seem likely to end well. My best guess is that SVB will get acquired by a bigger bank that can calm everyone down.The pity is that... Read more ›
15
Silicon Valley Bank on Thursday told at least four clients that wire transfers could be delayed, and the bank’s support phone lines were recently inaccessible. Other clients reported trouble logging in to the company’s website to view their account information and make transfers. One founder who reached an SVB customer support agent Thursday afternoon said they were informed that the bank’s “systems are down, wires are backed up, and there's... Read more ›
43
Silicon Valley Bank’s stock was in freefall as I wrote this, down 60%, after it announced a $2.25 billion share sale, partially to counter “elevated cash burn” at the startups it banks. That news set off a wave of panic, with some VC firms like USV warning their portfolio companies to move their funds, we reported earlier today. CEO Greg Becker had told me last week that the bank was... Read more ›
36
Another company is jumping on the artificial intelligence bandwagon: Discord, which is infusing AI into several platform features, including its mascot bot, Clyde. The messaging app commonly used by gamers announced Thursday it’s dipping its toes into OpenAI technology, transforming Clyde into a talkative chatbot that can answer user questions and hold extended conversations in real-time, similar to OpenAI’s ChatGPT. Read more ›
11
Silicon Valley Bank CEO Greg Becker on Thursday told top venture capitalists in Silicon Valley to “stay calm” amid concerns around a capital crunch that wiped nearly $10 billion off the bank’s market valuation. On a call, Becker said that “calls started coming and started panic.” He added that the bank has “ample liquidity to support our clients with one exception: If everyone is telling each other SVB is in... Read more ›
86
In a bid to avoid a U.S. ban, TikTok is embarking on a project to restructure its product and operations in the country. It plans to store local citizen data on local servers, create a domestic entity to house that data, comply with local legal and law enforcement requests for data, limit the flow of data across national borders—and spend billions of dollars to make all of this possible. In... Read more ›
0
Elon Musk fanned a growing culture war in artificial intelligence by confirming last week that he plans to develop an “anti-woke” alternative to OpenAI’s ChatGPT, as The Information first reported. Musk and other critics have a point, said Greg Brockman, OpenAI’s co-founder and president. In an interview, he said the startup did not move quickly enough to give users greater ability to customize the behavior of the chatbot, which has... Read more ›
0
Here’s an idea for Meta Platforms as we wait for the company to unveil another round of layoffs: Mark Zuckerberg should reverse his decision to change the name of the company to Meta. That label might have made sense (at least to him) back at the height of the boom times, in the fall of 2021, when his focus was all metaverse, all the time. The Facebook brand felt a... Read more ›
0
Over the past two years, Spotify became known for pricey, exclusive deals with popular podcasters, including Joe Rogan, Alex Cooper and Emma Chamberlain. But the audio streaming company also wants to help a broader swath of podcasters, an effort that was center stage at Spotify’s annual Stream On event in Los Angeles on Wednesday. Spotify announced a revamped TikTok-like home feed, with a vertical, video-heavy scroll. This will change the... Read more ›
34
Spark Capital is leading a $300 million investment in artificial intelligence startup Anthropic, one of the primary startup challengers to OpenAI, at a pre-investment valuation of $4.1 billion, according to two people familiar with the matter. The deal follows a $400 million investment in the startup by Google, one of the people said. The valuation for the two-year-old company, which has made very little revenue, reflects the recent fervor in... Read more ›
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Is crypto about to be unbankable? Crypto-friendly bank Silvergate is teetering, saying last week it could be left “less than well capitalized” after a run on deposits and shutting off its Silvergate Exchange Network payments system for crypto companies and big traders. The bank had been suffering from significant withdrawals following the collapse of FTX, which was a major customer.The news prompted top crypto firms like Coinbase, Galaxy Digital and... Read more ›
1,415
Better.com is staring into the abyss. The SoftBank-backed mortgage lender is fighting to survive amid high interest rates that have crushed its core refinancing business. In an interview with The Information, its founder and CEO—who went viral in late 2021 when he sacked 900 employees on a Zoom call—didn’t rule out further staff cuts, even though previous layoffs have already shrunk Better.com’s headcount to 1,200 from 11,000 in 2021. In... Read more ›
34
A core pillar of LinkedIn’s revenue growth in recent years, its recruiting services business, is under pressure as customers rebel against the company’s prices. LinkedIn has hiked the fees it charges for recruiter subscriptions so much that in recent months, as companies have slowed hiring, some tech firms and specialist recruiting agencies are cutting their spending on the social network, LinkedIn customers and people who work with them say. In... Read more ›
38
Twitter CEO Elon Musk was speaking at a Morgan Stanley conference around the corner from our office in San Francisco today. You can’t have a conversation in Silicon Valley these days without him coming up. It’s not just that tech people love to talk about Twitter (and they do). It’s also that they love to talk about CEOs and their styles and what kind of leader they themselves want to... Read more ›
0
TikTok sent a message to some creators this week inviting them to join top company executives in Washington D.C. in late March as the ByteDance-owned company continues to fight calls for a ban of the app in the U.S.The trip would include “standing side by side with creators and the TikTok team at the U.S. Capital” to show TikTok’s positive impact, according to a message reviewed by The Information. “Your... Read more ›
348
Crypto companies need banks to operate—but finding one is getting a lot harder. During the crypto boom of recent years, a number of small banks looked past potential risks to embrace the fast-growing crypto industry. Now, following the implosion of FTX, top crypto-friendly bank Silvergate Bank is struggling to stay afloat and Signature Bank is cutting back on working with crypto customers. That means crypto companies, whose customers need a... Read more ›
142
Over a decade ago, journalist Eric Felten claimed that “most of us make more legal agreements in a year than our grandparents made in a lifetime.” The same statement—if we equate “legal agreements” with “written contracts”—would be true today only if you changed “in a year” to “every day or two.” So entwined are written contracts in our lives that unwinding them all may seem hopeless. That’s why even though... Read more ›
2
Ariel Cohen took the stage sipping champagne before 9 a.m. in front of more than 3,000 of his employees last month. Dozens of the travel software company’s workers, wearing purple pajamas, had just slept at the firm’s Palo Alto office. Another executive urged employees to get up and dance. They were celebrating a rebrand of the company, formerly known as TripActions, to Navan. Executives viewed it as an important step... Read more ›
233
Comedian Louis C.K. had a smart observation a few years ago about how quickly people become blasé about the wonders of modern life, such as plane flight. His commentary came to mind after I read my colleague Wayne Ma’s story this morning about Apple’s rocky business marriage with Samsung. Among other things, the story describes how hard it is to make the OLED displays used in iPhones of recent years.... Read more ›
14
When travel creator Tanyka Renee Henry is stuck on an idea, she sometimes turns to a virtual source of help: Jasper AI, an artificial intelligence-powered copywriter. Henry, who has 320,000 Instagram followers, says she uses Jasper to help her come up with written material for social media captions, business pitches, or the newsletter she sends out through her personal website. “Sometimes I have some brain fog and I can’t get... Read more ›
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Most popular sources
Business Insider
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47% 33 |
Gizmodo
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6% 10 |
Engadget
|
5% 1 |
Android Authority
|
5% 6 |
Tom's Hardware
|
5% 2 |
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21.11.2025 18:25
Last update: 18:15 EDT.
News rating updated: 01:11.
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