Welcome, Weekenders! In this newsletter:• The Big Read: How a Chinese megabillionaire became the Jensen Huang of batteries. • Style and Shopping: Tech invaded Cannes. Then we went shopping.• Plus, Recommendations—our weekly pop culture picks: “Long Buried,” “How to Not Die in Prison” and “Dust Bunny”On 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 ›
0
Amazon’s executives pride themselves on their obsession with customers rather than competitors. A year ago, though, the head of Amazon’s e-commerce business, Doug Herrington, had one Amazon competitor very much on his mind. Herrington sent his subordinates a news article about Temu, at the time a little-known subsidiary of Chinese e-commerce powerhouse PDD Holdings that was preparing a splashy statement in the U.S. with its first Super Bowl commercial. Herrington... Read more ›
0
Apple is building prototypes of at least two iPhones that fold widthwise like a clamshell, according to a person with direct knowledge of the situation. If Apple ends up launching a foldable iPhone, it would be one of the biggest hardware design changes in the product’s history. Foldable phones can be smaller and more portable than typical smartphones and take photos without the help of a stand when they are... Read more ›
29
Whoa! We got very big news in the television world late Tuesday, as Disney, Warner Bros. Discovery and Fox announced they were joining forces to create a new streaming joint venture for sports. By including access to programming on traditional cable channels such as Disney’s ESPN, Fox’s sports channels and Warner’s TNT and TBS, the new service will offer pretty much every major sport—including the NFL, NBA, MLB, hockey, college... Read more ›
0
Snap, the parent company of Snapchat, is having a rough week. Snap’s stock plunged 30% in after-hours trading on Tuesday, after the company reported revenue that fell within its own guidance but below stock pickers’ expectations. That followed Snap’s decision to lay off 10% of staff, a move that targeted senior (and thus expensive) employees as the company sought to cut costs, I reported yesterday. What’s going on? It’s likely... Read more ›
83
Amazon is working on several new safety features for Amazon Flex gig drivers who make deliveries in their own vehicles, the company said. The measures follow several incidents in which residents had shot Flex drivers or threatened them with guns, in many instances saying they had mistaken them for intruders. Amazon is working on a feature in its app that would display Flex drivers’ pictures and names to customers, spokesperson... Read more ›
3
Steven Kaye, chief scientific officer of embattled next-generation battery developer Our Next Energy, has resigned. The move is the latest blow to the Novi, Mich., startup, coming two months after company founder Mujeeb Ijaz stepped down as CEO and became chief technology officer. Kaye’s departure was announced at a company meeting Monday, a spokesman said. Read more ›
0
Put aside all of the scary talk about bad people theoretically using large language models to build bombs or bioweapons for a moment. A more urgent threat, says investor Rama Sekhar, are AI models that could leak sensitive corporate data or hackers that trigger ChatGPT service outages. Sekhar is a longtime cybersecurity investor who joined Menlo Ventures as a partner last month after many years at Norwest Venture Partners.He isn’t... Read more ›
5
For the past year, owning a stake in OpenAI was akin to possessing Silicon Valley gold, signaling that the investor had a ticket to the next great tech transformation. But as the valuation of the startup has tripled, some investors have refrained from buying more. And a number of marquee venture capital firms have shied from investing in dozens of artificial intelligence startups out of fears that the sector is... Read more ›
6
Hold the front page! A tech company is acknowledging that stock compensation is a real expense. On Monday, Snap said it was cutting 10% of its global workforce. As it was the latest in a very long list of tech companies to undertake layoffs in recent weeks, the news might not seem like a big deal. Like other companies, Snap said the layoffs were designed to ensure it has the... Read more ›
0
Shein lawyers have plenty of work on their plate right now, as the China-founded fast-fashion firm fends off a raft of trademark infringement lawsuits and gears up for a potential U.S. initial public offering. But Shein’s internal legal ranks are going through a change in leadership, with Shein’s top U.S. lawyer, Valerie Ho, departing the company, according to a person briefed on the matter, who wasn’t authorized to speak on... Read more ›
9
Stripe returned to profitability last year in part by squeezing spending on sales and marketing. The executive in charge of growing sales to large customers isn’t sticking around to see how the slimmed-down strategy plays out. Mike Clayville, a former Amazon Web Services executive who became a marquee Stripe hire three and a half years ago reporting to founders Patrick and John Collison, left the payments giant last month, The... Read more ›
0
Snap cut several senior executives in its layoffs announced on Monday, aiming in part to reduce the amount of stock based compensation it pays out to senior people, CEO Evan Spiegel told staff on Monday. The company said it would cut its workforce by 10%, or around 550 employees. Included in the cuts were Sam Corrao Clanon, director of content; Ding Zhou, vice president of content engineering; and Konstantinos Papamiltiadis,... Read more ›
3
In October we predicted that resellers of graphics processing units, an emerging class of startups that provide Nvidia’s in-demand server chips to artificial intelligence developers, would soon be in trouble. Sure enough, three months later, one of those startups is giving up.On Thursday, the startup Banana, which raised $3.4 million in funding from investors such as Basecamp Fund and CapitalX, said it would shut down its main GPU reselling service... Read more ›
0
Elon Musk’s X, formerly known as Twitter, has in the past couple of months been inundated with a wave of ads for porn sites and fake luxury goods. That might sound like a low-priority problem for X, as these ads—no matter how sketchy—could in theory bring in much-needed ad revenue. The problem is that the flood of ad spam, as insiders refer to it, has coincided with a surge in... Read more ›
0
Welcome back to The Electric!A day doesn’t seem to go by without more bad news around electric vehicles and batteries, between canceled investments, clobbered share prices and tepid sales. This week, we examine one of the most provocative assertions of this period: that the industry has entered an arctic-like freeze—an “EV winter.” General Motors has discontinued the Chevy Bolt, but 2023 models remain on sale, including these at a Colma,... Read more ›
0
Welcome to your Weekend!A few years ago, I went to India to see two friends get hitched on a beach in Goa, a ceremony that, like much of the country, offered a rich blend of ancient and modern. On that trip, I met the bride’s grandmother—Aaji to all, the Marathi term for your mom’s mom—and as I’ve seen her more since, I’ve come to treasure the stories she shares. She’s... Read more ›
1
Investors appear to have taken leave of their senses—at least with regard to the value of Facebook parent Meta Platforms. The stock rocketed 20% today, a rise fueled by the company’s robust fourth-quarter results, giving Meta a market capitalization of $1.2 trillion. (Bloomberg reported that the market value of today’s gain was the single biggest in history!) The stock is now trading at 7.6 times forward sales, while Alphabet is... Read more ›
0
What a special week! This week we sat across the table from two of our favorite digital media personalities, filmaker and YouTuber Casey Neistat and Ricky Van Veen, the co-founder of CollegeHumor and a VP of partnerships at Meta. Between the six of us, we covered everything from the downsides of true digital fame to how AI will and won't change creativity. Plus, the latest tech news of the week... Read more ›
0
Here’s one common link between Steve Jobs, Larry Page and Eric Schmidt: They’ve all employed an executive coach, seeming to prove the point that everyone could use some advice—even the greats. The best coaches have “gravitas, experience, intellect and people skills,” said Jonathan Rosenberg, a former Googler who has studied the field and even worked with Silicon Valley’s most famous coach, Bill Campbell, the man who instructed each member of... Read more ›
0
Shares of Meta Platforms stock soared 20% on Friday as investors applauded the company’s fourth-quarter results, which showed a strong ad recovery from its 2022 slump. But the enthusiasm of some investors was tempered by uncertainty about the returns Meta can get from the billions it is pouring into new generative artificial intelligence technology. During Meta’s fourth-quarter earnings call on Thursday night, company executives said capital expenditures on expanding servers... Read more ›
9
Most popular sources
Tech Wire Asia
|
0% |
StartUs Magazine
|
0% |
AlleyWatch
|
0% |
UK Tech News
|
0% |
Tech.eu
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
03.07.2026 03:16
Last update: 03:12 EDT.
News rating updated: 10:12.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.