It’s that point of the early summer when many in tech and business take a well-deserved break. Aside from the nonstop machinations of Elon Musk—whose only purpose in life, apart from transforming cars and rockets, seems to be keeping journalists employed—the most interesting tech news story of recent days centers on Reddit. The site’s volunteer moderators have been rebelling for weeks at fees the company has imposed on apps that... Read more ›
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Artificial intelligence advances are piquing investor interest in creator economy startups, according to our latest update to the Creator Economy Database.Since we reported preliminary funding for creator economy startups in mid-June, we’ve tracked eight more funding rounds raised in the second quarter. Three back startups that use AI-based technology to develop their products and one big one, for Runway, has nearly doubled the quarterly total since we published those early... Read more ›
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Chime aims to undercut traditional banks by being more consumer friendly. Its management team’s experience reflects that approach. None of the seven executives reporting to Chime CEO Chris Britt has ever worked at a traditional bank. Instead, the team mostly came out of either financial services firms such as Visa and LendingClub or consumer tech such as Ring. It’s a similar story for Britt, who worked for Visa for three... Read more ›
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In December 2021, Sen. Joe Manchin (D-W.Va.) killed one of President Joe Biden’s signature initiatives—an extension of the $7,500-a-vehicle consumer tax credit on the sale of electric vehicles, which he said did not need public subsidies. Months later, though, Manchin said he would go along with the subsidies—if they were tied to a robust effort to build a U.S. battery industry, from mining to metals processing and battery assembly, and... Read more ›
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Pop Up Grocer looks like it was created as much for social media as for real-life shopping. Walking around the bright, checkerboard-floored West Village market one day last month, I felt like I was stepping inside an Instagram post. On an eye-level shelf in the center of the store (prime real estate, as every packaged food distributor knows) was a pair of pastel Magic Spoon cereal boxes filled with gluten-free,... Read more ›
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Hi, welcome to your Weekend.It should be pretty clear by now what a lame idea the whole Mark Zuckerberg vs. Elon Musk cage match was. The spectacle of two middle-aged men working out their self-esteem issues by beating on each other was not worthy of their companies—or our time. But a pitch from the producers of the Discovery show “BattleBots” offered a far more productive use of Mark and Elon’s... Read more ›
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Nvidia in February quietly acquired OmniML, a two-year-old artificial intelligence startup whose software helped shrink machine-learning models so they could run on devices rather than in the cloud, according to a spokesperson and LinkedIn profiles of former OmniML employees who now work at Nvidia. The acquisition could be a sign that the chipmaker, whose data-center server chips have fueled a recent AI boom and enabled chatbots including ChatGPT, wants to... Read more ›
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When I moved to Silicon Valley in 2008, Brit and Dave Morin were two of the first people I met. They were working at Google and Facebook respectively, and I had a lot to learn from them as I set out to understand the world of tech. Soon after, my now husband Sam joined me in the Bay Area, and the four of us became close friends and sounding boards... Read more ›
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On a sweat-soaked New York afternoon over Pride Weekend, a short line formed outside a dark bar on the Lower East Side. After checking customers’ IDs, a boyish-looking bouncer at the front door asked if they’d downloaded the app they needed to get in: “Do you have Motto?” I pulled up the app, its home screen affixed with the photo of an anonymous man—handsome, smiling, hairy and shirtless—and a clock... Read more ›
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It was the worst-kept secret in U.K. tech. For months, the Conservative government of Prime Minister Rishi Sunak had been wooing Sam Altman’s OpenAI, trying to coax the San Francisco–based artificial intelligence firm into opening its first non-U.S. office in London. Then, in early June, two weeks after Altman met with Sunak in his official residence at No. 10 Downing Street, the U.K. government published a press release that claimed... Read more ›
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Welcome back!I’m Anissa, a reporter on cloud computing for The Information. This week we published numerous updates to our Cloud Database, which tracks how much companies spend on cloud computing and with which providers. We also added cybersecurity firm Rapid7 to the list, which now includes 77 companies. Together, they spend more than $13 billion a year on cloud computing services. Amazon Web Services remains the leading cloud provider for... Read more ›
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“Will AI kill us all?” Andreessen Horowitz general partner Martin Casado asked his boss Marc Andreessen in early June. The bleary-eyed Casado had dialed in from a desk in a dimly lit hotel room in Washington, D.C., where he’d been meeting with regulators. His boss grinned, retorting, “I have good news!…AI is not going to murder every person on the planet!” The exchange was part of the pair’s hour-plus banter,... Read more ›
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Cosmetics company Oddity Tech, which filed to go public last week, doesn’t need the stock market to continue rallying for its public debut to take off. Instead, Oddity can ride a tsunami of investor enthusiasm for other beauty and skin care stocks whose businesses have been lifted by TikTok popularity. One of the best stock market performers of the past few years is Elf Beauty, whose shares have risen 1,100%... Read more ›
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For any folks in Silicon Valley who don’t often pay attention to what is happening in Washington, today is a day they should.As the country digests the U.S. Supreme Court’s overturning of race-based admissions in colleges, my mind turned to what the ruling could mean for companies’ efforts to diversify their ranks. After talking to about half a dozen people following the case closely, the answer to that question is... Read more ›
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Fewer brands are posting about Pride month on Instagram and Facebook this year, according to new data from Emplifi, a provider of customer engagement software for social networks and companies like McDonald’s. The number of U.S. brands using Pride-related hashtags on Instagram declined 16% year-over-year, while interactions, meaning comments or likes, fell 73% this year compared to 2020 when engagement peaked, according to the report. Read more ›
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For years Microsoft has kept a lid on details about the true size of its Azure cloud server rental business, making it impossible for investors to know how Microsoft’s cloud operations unit stacked up against industry leader Amazon Web Services. But this week, thanks to antitrust regulators, the world got a peek under the lid. Azure generated half the revenue of its primary rival, Amazon Web Services, in the 12... Read more ›
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To my surprise, the recent boom in artificial intelligence investments has done little to dig U.S. venture capital funding out of its hole.VC funding decreased in the second quarter, which ends tomorrow, according to new data provided to The Information by Crunchbase. U.S. startups raised just $27.6 billion compared to $45.2 billion in the first quarter, representing a roughly 40% drop. Compared to the same period last year, it’s an... Read more ›
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Earlier this month, I had the opportunity to attend a founder and investor conference hosted by Coatue, called East Meets West. While the conference, held in Montecito, Calif., was off the record, I asked the firm for permission to share one of my favorite parts of the event: the keynote its partners gave on the state of the finance and tech markets. Coatue estimates the overall market capitalization of private... Read more ›
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Stripe has laid off a few dozen employees, most of them recruiters, in its human resources department. The staff cuts, while affecting a tiny percentage of the company’s roughly 7,000-person workforce, are part of a broader wave of belt tightening in tech, even as the pace of larger layoffs has abated. Stripe’s cuts in the recruiting division are part of an effort to reorient locations where the company plans to... Read more ›
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When Amazon announced Wednesday that customers could soon start dropping off items they wanted to return at nearly 1,000 Staples stores, it touted the partnership as part of its decadeslong quest to make online shopping as easy as possible for consumers. In reality, the Staples partnership is the result of a years-long effort by a team inside Amazon to drive down the cost of returns after they soared during the... Read more ›
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05.04.2026 04:08
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