Meta Platforms has cut equity-based awards for employees for the second year in a row, the Financial Times reported Thursday. The cuts come as the Facebook and Instagram owner continues an aggressive AI spending campaign. Meta cut its annual distribution of stock options by about 5% for ... Read more ›
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ZaiNar, a startup that says it has developed an alternative to GPS that uses Wi-Fi and 5G cellular networks to provide superfast location information, recently raised $10 million at a $1 billion valuation, The Information reported Thursday. SpaceX board member Steve ... Read more ›
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The nervous Nellies in the investor community sold tech stocks again on Thursday, dragging down the Nasdaq 0.4%. Sounds like a normal day in February 2026, you might say. But it’s striking how anxieties about the disruption caused by AI continue to weigh on stock prices, including those of leading AI firms like Google, even as private AI leaders are raising new money at ever-higher valuations. If investors are liking... Read more ›
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Chipmaker AMD backstopped a $300 million loan Goldman Sachs provided to data center and cloud startup Crusoe so it could purchase the company’s AI chips, The Information reported. AMD agreed to rent its own chips from Crusoe if the startup can’t find customers that want to use them, such as AI ... Read more ›
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EBay struck a bargain this week with its agreement to purchase Depop, the popular secondhand clothing resale app, for $1.2 billion in cash. That’s less than the $1.63 billion Etsy paid for Depop five years ago. There’s a reason eBay got a good deal. Even while Depop increased its total sales last year by roughly 25% to $1 billion, Etsy had been spending heavily on marketing the U.K.-founded garment reseller... Read more ›
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Blue Owl Capital limited redemptions from an investment vehicle that provides loans to private companies, sending its shares tumbling and pulling down those of other investment firms with large credit businesses. The move exacerbated long-brewing concerns about private credit, a growing business ... Read more ›
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Amazon prides itself on being data obsessed, and its approach to tracking its own employees’ use of AI has been no different. Amazon has been using an internal system called Clarity to track how often employees use AI tools in their work, two people with knowledge of the tracking said. (Clarity also tracks other things about employees, such as in-person office attendance, the people said.) Read more ›
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Chipmaker AMD is pursuing the same growth-driving strategy that has boosted sales at rival Nvidia: lending its financial support to upstart cloud providers buying its chips. AMD will effectively guarantee a $300 million loan for data center and cloud startup Crusoe to purchase AMD’s AI chips and install them in a data center in Ohio. The loan from Goldman Sachs will be backed by the chips and related equipment, said... Read more ›
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Etsy saw its profit dip in the fourth quarter, even as revenue grew slightly, the company said Thursday, a day after the online marketplace said it would sell the Gen Z-focused clothing resale app Depop to rival eBay for $1.2 billion. Etsy reported revenue of $881.6 million, a 6.6% increase from ... Read more ›
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Over the last two years, investors and researchers have flocked to startups helping bring AI into the physical world, from developing robot hands to the AI models that train robots to software to train self-driving cars. Now one startup says it can solve a perennial problem for robots and other AI-powered systems: getting precise location data that helps the bots detect other people and things.ZaiNar, a Belmont, Calif.-based startup that... Read more ›
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With software and other sectors melting down at the merest hint of AI disruption, businesses that sell food and other consumer goods are finally getting some love. That’s good news for venture-backed companies like Hungryroot, which could benefit from investors’ desires to AI-proof their portfolios. Hungryroot, which offers an app for ordering healthy groceries and makes its own line of products such as sauces and smoothies, is preparing for an... Read more ›
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Netflix sent a cease-and-desist letter demanding that ByteDance take immediate steps to prevent its AI video generation model, Seedance 2.0, from producing content that resembles the U.S. streaming giant’s characters, titles or settings, according to Deadline. Since the Chinese tech giant ... Read more ›
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OpenAI is finalizing initial commitments from investors in a round that could raise $100 billion at a $830 billion valuation including the investment, according to two people with direct knowledge of the fundraising. SoftBank is expected to anchor the round with a $30 billion investment, which it will spread in three installments of $10 billion each through the year, according to the two people. Amazon, which supplies cloud services to... Read more ›
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“We call Mark Zuckerberg to the stand.” Thus began Wednesday’s nearly six hours of testimony from the Meta Platforms CEO in a trial of a lawsuit brought by a young woman against several tech companies including Meta, contending that social media causes depression and suicidal thoughts. I was in the downtown Los Angeles courtroom, where Zuckerberg, sitting in the witness stand with an exit sign over his right shoulder, came... Read more ›
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SemiAnalysis, the top chip and infrastructure research firm founded by Dylan Patel, is considering raising money to invest in startups, according to someone with direct knowledge of the discussions. The talks are in the early stages, and the firm does not yet have a target, but it could be in ... Read more ›
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Etsy said Wednesday that it has agreed to sell the clothing resale app Depop to eBay for roughly $1.2 billion. The sale, which is for less than the $1.6 billion Etsy paid for it five years ago, marks an abrupt reversal, since Etsy executives as recently as December were talking up spending to ... Read more ›
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DoorDash reported 38% higher revenue of $3.955 billion, thanks partly to the acquisition during the quarter of UK delivery firm Deliveroo. DoorDash projected a 37% lift in gross order volume in the first quarter, just a tad below the fourth quarter growth. DoorDash stock rose 8% in ... Read more ›
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Figma shares soared as much as 16% in after hours trading Wednesday as the design software company reported a slight acceleration in fourth quarter revenue growth of 40%, up from 38% in the third quarter. The results could reassure investors who have been dumping software stocks over concerns of ... Read more ›
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Meta CEO Mark Zuckerberg testified in a Los Angeles courtroom for several hours on Wednesday morning, rebutting questions from lawyers for a young woman who has sued Meta and other tech companies alleging her social media addiction led to depression and suicidal thoughts. As of Wednesday ... Read more ›
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Meta Platforms plans to release its first smartwatch in 2026, according to two people familiar with the matter. Meta’s plans come as other big tech companies, including Apple, OpenAI and Google, are stepping up their plans for new consumer devices. The company has revived a previously shelved smartwatch project, now code-named Malibu 2, and intends to release it later this year with health-tracking features and a built-in Meta AI assistant.... Read more ›
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03.05.2026 06:22
Last update: 06:15 EDT.
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