Welcome, Weekenders! In this newsletter:• The Big Read: The schools where AI isn’t the enemy, but flaky startups are • The Top 5: What to wear for fall conference seasonPlus: The fuhrer and the czar; the art of the swindle; and leave the gun, take the saltwater taffy.A few weeks after tech’s love affair with Miami kicked off in late 2020, I visited the city for the first time. (Until... Read more ›
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White for summer is nothing new, but 2024 embraced the hue at a whole new level. From sandals to sun hats and everything in between, shades of white dominated the most stylish wardrobes over the past three months. And, no, we’re not about to tell you to put away all those whites with Labor Day behind us. In fact, as you get ready to think about what to wear during... Read more ›
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Blue Origin, the space company founded by Amazon’s Jeff Bezos, is now aiming to launch its giant New Glenn rocket for the first time in November instead of October. The company announced the change in a post on X on Friday after NASA said it would delay a Mars mission known as Escapade, which ... Read more ›
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Qualcomm has looked at parts of Intel’s chip design business as potential acquisition targets, according to Reuters. The division of Intel that designs chips for PCs was especially attractive, one source told the news agency. Qualcomm has been mulling over the plans for months, said the ... Read more ›
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Benioff is back! Well, at least as a dealmaker. As we close out the week in tech news, we have to acknowledge Salesforce’s first multibillion-dollar acquisition since its 2021 Slack purchase. On Thursday, the enterprise software firm unveiled a $1.9 billion acquisition of Own Co., a data security software company that Salesforce said would beef up its data protection services. We doubt Salesforce customers will complain about that, given the... Read more ›
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On Friday, the UK Competition and Markets Authority alleged that Google is using anti-competitive practices to advantage its own ad exchange, echoing some of the Department of Justice’s complaints in its U.S. adtech antitrust trial, which is set to go to trial next week. The CMA provisionally ... Read more ›
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The judge that ruled Google engaged in anti-competitive behavior with its search engine said Friday that he may not issue an opinion of the steps Google must take in response until early August 2025. The delay means that the Department of Justice will have more time to propose comprehensive ... Read more ›
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Private equity firm TPG is in talks to take a stake in the European resale site Vinted in a deal that would value the company at 5 billion euros, the FT reported Friday. The potential deal would be notable activity in an otherwise sluggish consumer sector. Vinted, which operates in the U.S. but ... Read more ›
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Salesforce said Thursday it will pay $1.9 billion in cash to acquire Own, which sells a product for businesses to protect and manage their data. It’s Salesforce’s second acquisition this week, showing how CEO Marc Benioff may be changing his playbook after pledging to slow down deals last year ... Read more ›
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Consumer companies are staring down a stark divide: Shoppers either want ultracheap goods, like $3 crop tops from sites like Temu, or high-end items, like $300 running shoes from On Holding, a sneaker company that went public in 2021. That’s according to investors, analysts and executives I spoke with at a Goldman Sachs retail conference this week. They all emphasized a variation of the same theme: When money is tighter... Read more ›
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In early January, Marty Sharpe thought he’d get a few dozen teachers to show up to his professional development course on using generative artificial intelligence in the classroom. After all, it was an optional workday after the two-week winter break at the Catawba County Schools in North Carolina. Instead, Sharpe—the Catawba school district’s chief technology officer—was stunned that nearly a hundred educators signed up for the course, and that it... Read more ›
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OnlyFans revenue rose 20% to about $1.31 billion for the fiscal year ending November 2023, compared to the previous year. The total number of creator accounts jumped by 29% to about 4.1 million, while fan accounts rose 28% to 305 million, according to a U.K. filing from the adult content site’s ... Read more ›
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I’m still buzzing from getting to meet so many of you yesterday at our first-ever AI Summit. We got to talk all things LLMs, chips and AI applications with leaders such as Reid Hoffman, one of the earliest investors in OpenAI and a Microsoft board director; Chris Lattner, who helped Google launch their tensor processing units and TensorFlow software; and Naveen Rao, the former CEO of MosaicML, whose acquisition by... Read more ›
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Last month, Zendesk, which makes customer support software aided by artificial intelligence, decided to sell it in a daring new way. Instead of charging businesses based on how often they use the software—essentially an AI chatbot—to try to resolve customer problems, Zendesk began charging them only when the chatbot completed the task without needing employees to step in. Read more ›
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Broadcom CEO Hock Tan said a long-term trend in the artificial intelligence chip industry is that “hyperscalers"—the biggest cloud providers and other tech giants operating huge platforms—are all moving toward creating their own custom chips. If such a trend accelerates, Broadcom, ... Read more ›
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Artificial intelligence has turned into a battle of giants—but there is still room for startups, from makers of graphics processing units to applications that promise to make healthcare more efficient. Those themes emerged from The Information’s AI Summit in San Francisco Thursday. Greylock Partners’ Reid Hoffman called Elon Musk’s recent claim that his xAI startup had assembled a cluster of 100,000 Nvidia chips in four months “table stakes” for the... Read more ›
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It’s the investment bankers’ dream—a company so desperate for growth that it engages in years of dealmaking under one CEO, while his successor spends years undoing all that earlier work. We’re talking about Verizon, whose $9.6 billion purchase of Frontier today is the culmination of nearly a decade of back-and-forth M&A negotiation. This is what happens when you’re making lots of money but your core business—cellular phones—has saturated the market.In... Read more ›
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Elon Musk’s recent claim that his xAI startup had assembled a cluster of 100,000 Nvidia chips in four months represents “table stakes” for the kinds of artificial intelligence Musk is pursuing, venture capitalist Reid Hoffman said Thursday at The Information’s AI Summit. “I don't think it's necessarily [that] he's in the lead,” said Hoffman, a partner at venture firm Greylock Partners and a director at Microsoft. He said such a... Read more ›
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Maybe it was a blessing in disguise that I spent most of Labor Day weekend in bed recovering from a bout of Covid, because I was blissfully unaware of the newest venture capital debate brewing online.Rather than enjoy barbecues with their families, it seems like many venture capitalists and startup founders spent the weekend engaging in an argument about the efficacy of “founder mode” versus “manager mode,” a conversation inspired... Read more ›
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Not too long ago, it didn’t seem plausible that chatting with a friend in front of a microphone could make for a lucrative career. I hosted a weekly radio show for about eight years, starting in 2010, when no one had heard of a podcast. During that time, the most common question I received was “That’s neat, how much does it cost you?” So I was surprised as anyone when... Read more ›
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Most popular sources
Business Insider
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28% 1 |
Tom's Hardware
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10% 2 |
Eurogamer.net
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9% 7 |
Gizmodo
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8% 1 |
CNET
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7% 1 |
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25.11.2024 05:56
Last update: 05:51 EDT.
News rating updated: 12:50.
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