Near the corner of Sixth and Market streets in downtown San Francisco, Frontier Tower has become a 15-story haven for the wildest and weirdest thinkers in technology. Floor 11 is full of longevity and health tech enthusiasts. The crypto folks are a floor above, with a lounge full of expensive furniture. AI is on floor 9. And the big event there this weekend is down on floor 8, where a... Read more ›
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There is something to the phrase “Follow the money.” Looking at the finances of a company can go a long way toward clearing up certain unanswered questions. And this is especially important for private enterprises, who don’t regularly disclose such information.And so, when Jing and Juro today reported extensive details about ByteDance’s financial performance, some of the mysteries about this company started to make sense. Read more ›
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While creators can quickly build audiences on YouTube and TikTok, they often find it hard to keep up communication with their fans. That’s encouraged some to embrace email publishing services such as Substack and Beehive. The founders of startup Braid want to make those direct connections to fans through text messaging.Braid, founded by ex-Facebook product manager Matthew Cahill and software developer Chris Piro, began building the product in the middle... Read more ›
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For a long time the debate around American venture capital investment in China has centered on Sequoia Capital, the blue-chip VC firm that’s earned billions of dollars from its overseas investments. But since Sequoia announced in June that it would split from its Chinese counterpart, the spotlight has expanded to a cohort of smaller firms that have invested heavily in China. The most notable is GGV Capital, based in Menlo... Read more ›
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ByteDance might be best known globally as the parent company of TikTok, but the bulk of its money comes from its home base of China, thanks to its Chinese video app Douyin. But previously unreported internal data shows that the tech giant’s red-hot pace of growth in China has slowed markedly, underscoring the importance of TikTok for the company’s future. Last year, ByteDance’s revenue in China grew 25% year on... Read more ›
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It’s been a tough year for tech startups. In the midst of down rounds and deep layoffs, tech CEOs and VCs have been careful to emphasize profitability and strong financials above all else. Except, that is, for startups having anything to do with generative AI. The most recent example, as my colleagues Natasha Mascarenhas, Erin Woo and I reported yesterday, is AI presentation startup Tome, which has been chatting with... Read more ›
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Meta Platforms plans to build only around a thousand units of the first generation of its augmented-reality glasses due out next year, a tiny batch that it will just use for internal development and to demonstrate the device to the public. And yet, to build the glasses, Meta is using a convoluted and expensive arrangement involving factories in China, Taiwan and the U.S. That’s due in part to Meta’s decision... Read more ›
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In May, Michael Shlisky, an analyst with investment bank D.A. Davidson, listened to electric truck and bus manufacturer Proterra’s first-quarter earnings call and was impressed: Just a few months earlier, the Burlingame, Calif., company’s share price had been in free fall, plunging 79% in six weeks, in part because it had been burning through cash. But now, the company reported that it had $296 million in cash on hand at... Read more ›
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Disney CEO Bob Iger must be wishing he was at Disney’s Magic Kingdom theme park (“a land where fantasy reigns”) in Florida right now. His tone on Wednesday afternoon’s June-quarter earnings conference call was noticeably more sober than in the past, perhaps reflecting the existential crisis facing the entertainment industry. Not only are the writers’ and actors’ strikes freezing TV and film production, but cord cutting and the decline of... Read more ›
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Amazon is rolling out an artificial intelligence tool for sellers on its marketplace that will write copy for product listings, a company spokesperson confirmed, marking one of the first examples of Amazon integrating large-language models into its e-commerce business. While Amazon’s highest-profile AI tools are ones its cloud unit, Amazon Web Services, is selling to other companies, the previously unreported product listing tool is a notable way Amazon is using... Read more ›
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You have to wonder what’s going on with the systems Meta Platforms uses to pay creators. Some this week have seen an alert that their accounts are restricted from making money due to “unusual activity.” That follows a glitch we covered last week that vastly inflated Facebook creators’ estimated earnings from posting Reels with licensed music. And I’ve learned about a previously unreported problem some creators encountered earlier this year,... Read more ›
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Tome, a startup that uses artificial intelligence to make it easier to create and design presentations, has talked to investors about raising new money that could double its valuation to up to $600 million, according to two people with direct knowledge of the discussions. The new financing could amount to $60 million, according to one of the people, and comes while the nearly three-year-old company has generated barely any revenue.... Read more ›
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Crypto regulation has been a hot topic in 2023, thanks to the Securities and Exchange Commission’s lawsuits against Coinbase and Binance. But crypto companies have much more to deal with than federal regulators.Case in point: Last week, as CEO Brian Armstrong and other Coinbase executives were discussing second-quarter results with analysts, Coinbase policy leaders were hosting the crypto exchange’s first policy town hall at the Roxy Hotel in downtown Manhattan.... Read more ›
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AI founders need to watch out. It’s no secret that publishers and writers are sensitive about large-language models using their data for training. But just how sensitive became clear in the recent shuttering of a six-year-old publishing dataset called Prosecraft.The service, created in 2017 by Benji Smith, founder and CEO at word processor Shaxpir, was intended to be a helpful resource to authors. It ranked titles based on how passive... Read more ›
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Adobe jumped into the generative artificial intelligence race in March by releasing a beta version of Firefly, which generates images based on text prompts. As it competes with smaller startups such as OpenAI and Runway, the 41-year-old software giant—which has more than 28,000 employees—is leaning on its practice of having teams report to multiple leaders instead of a single manager, said three current and former employees. Adobe calls this organizational... Read more ›
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Part of the fun of business reporting is reading between the lines. When you follow a company or industry closely, eventually you pick up on very subtle shifts. And often those lead to even bigger ones. That’s happening at TikTok right now. The company has swung hard from being a little languid and consumed by political pressures to overhauling the business. Today, Erin broke the news of a significant shake-up.... Read more ›
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YouTube is getting ready to release generative AI tools for creators. But unlike rivals such as Facebook-parent Meta Platforms, it’s less interested in chatbots—the conversational software that can take on a persona such as Tony Soprano. Instead, it’s focusing on tools that will power video editing or help creators generate ideas, said Tara Walpert Levy, YouTube’s vice president of Americas, in a recent interview. “What’s most exciting about generative AI... Read more ›
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TikTok has hired two retail veterans who worked at Amazon and Meta Platforms to help oversee its ambitious push to build a giant U.S. ecommerce business. At the same time, TikTok’s U.S. ecommerce general manager, Sandie Hawkins, is leaving the company, according to a person with direct knowledge of the situation. The shakeup comes as TikTok’s CEO Shou Zi Chew is trying to build a big TikTok ecommerce business, including... Read more ›
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One of the biggest complaints that ChatGPT users have is the lack of up-to-date information from the web in its models and chatbot. OpenAI’s announcement on Monday night of GPTBot, a web crawler that scrapes sites for data that may be used to improve its future models, could be the company’s answer.It might not be a coincidence that the announcement follows recent news that the number of people using ChatGPT... Read more ›
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A nearly decadelong truce between Microsoft and Google is over—and the rivalry could reshape tech regulation for decades to come. The tech behemoths are at an escalating stand-off in Washington, with both companies deploying large lobbying teams to chip away at each other’s competitive advantages in software licensing, search and artificial intelligence. Microsoft is helping regulators argue that Google’s dominance in search is illegal, while Google is trying to stop... Read more ›
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Talk about a missed opportunity. Paramount Global said today it would sell its Simon & Schuster book business, which publishes author Stephen King, among others, to private equity firm KKR for $1.6 billion. Paramount CEO Bob Bakish should have thrown a few other assets into the deal, like some of its once-valuable cable channels (MTV, VH1, BET). They’re now more of a drag on the company’s bottom line than anything... Read more ›
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10.04.2026 03:07
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