If you’re a fashion plate on a budget, you’re probably a fan of Shein, known for selling ultracheap and trendy clothes. By all accounts, it’s popular with the kids. As we scooped today, the Singapore-based online store’s global revenue surged 40% in the first three quarters of this year, which means its revenue is now bigger than that of another fast-fashion retailer, H&M. We’ve no doubt that Shein’s investors, including... Read more ›
0
For the past week and a half, I’ve been reporting on a social media CEO who’s been slashing product management staff, taking a hands-on role with product decisions and extolling the benefits of spending longer hours in the office. It wasn’t Elon Musk.Instead, Snap co-founder and CEO Evan Spiegel has taken the hard-core mantle from Musk as Spiegel tries to lift Snap’s business out of its ad slump, I reported... Read more ›
0
Regulating artificial intelligence was always going to be a thorny issue. But a few months into Washington’s push to do so, the question of how to oversee powerful large language models and other AI is sharply dividing the tech community. On Tuesday, a venture capital industry group released a set of guidelines on “responsible AI,” calling on companies to promote measures such as AI safety checks, and “fostering trust through... Read more ›
0
To entice their investors off the sidelines, venture capital firms are turning to a tactic used during the dot-com bust: discounts. Coatue Management recently raised $1.4 billion for a companion fund to its $7.7 billion VC growth fund, according to two people with direct knowledge of the matter. Coatue is not charge existing investors in the growth fund management fees to invest in the companion fund. That saves the backers... Read more ›
33
Crypto prices have been creeping up over the past month, fueling hope that the crypto winter could be thawing. But some trading and investing apps have already thrown in the towel. I reported earlier this week that Stash, an app that offers stock, ETF and crypto trading, is pulling the plug on its crypto trading service in December. The fintech had already taken crypto out of portfolios it manages for... Read more ›
0
Late last year, Amazon executives met with their counterparts at TikTok parent ByteDance to propose a novel idea: creating a new advertising format that would let customers buy items from Amazon ads on TikTok without leaving the app, according to a person with direct knowledge of the discussions. A partnership could have been a breakthrough for both companies. Amazon knew ads on TikTok that provided the ability to buy things... Read more ›
0
In September, I wrote about an emerging group of startups that help developers manage the exploding costs of AI. These companies figure out what tasks can be handled by cheap-to-use AI models so their customers don’t end up paying for a more expensive model from OpenAI that they don’t really need. There’s signs these companies have legs, at least in the eyes of venture capitalists. One of the earliest of... Read more ›
3
Shein’s revenue surged more than 40% to $24 billion between January and September from a year earlier, people familiar with its finances said, growth that highlights the mounting threat for Amazon as the China-founded retailer looks to expand beyond fast fashion by ramping up sales of other goods like appliances and electronics. Shein, last valued at $66 billion and backed by investors including Sequoia Capital and General Atlantic, has already... Read more ›
2
If Adrian Aoun has his way, the next time you visit the doctor’s office, you won’t see a single medical professional. In fact, he said, “I don’t even believe a doctor’s office should exist.” Instead, the outspoken founder and CEO of primary care startup Forward wants you to entrust your health to a landmark new product, the CarePod—a whirring, purring autonomous module that looks like an airport lactation room crossed... Read more ›
50
A day before U.S. President Joe Biden and China President Xi Jinping are scheduled to meet in a highly anticipated meeting in San Francisco at the Asia-Pacific Economic Cooperation summit, I sat down in a small conference room off Market Street with one of Biden’s key deputies, who will be by his side in the meeting: Secretary of Commerce Gina Raimondo.Most recently Raimondo has been busy building new relationships with... Read more ›
2
I’m kicking off today’s newsletter with some new details about internal changes happening at TikTok, this time in its operations division, which includes creators and content. The company has organized the hundreds of operations staff around three key areas: creators, publishers, and content strategy and policy. That’s different from the structure under chief operating officer V Pappas, who announced her exit in June. That group included marketing and distribution, as... Read more ›
11
Snap co-founder and CEO Evan Spiegel has lately taken to walking around his company’s Santa Monica, Calif., headquarters in the evenings, stopping at employees’ desks and asking what they’re working on. He has noticed, however, that he always spots the same handful of people working late in the office, he told employees at a recent all-hands meeting, according to two people who were present. The comment was interpreted as a... Read more ›
68
Those who follow the fast-growing world of artificial intelligence chips may have noticed fanfare on Monday surrounding Nvidia’s new H200 AI chip, a successor to the vaunted H100 that everyone has been trying to get their hands on this year.But Nvidia’s announcement simply may have been an attempt to steal the spotlight from its biggest competitor, AMD, rather than show off a drastic technological improvement. After all, the H200’s architecture... Read more ›
2
ByteDance is closing the revenue gap with Facebook owner Meta Platforms as it generates more sales from advertising and e-commerce. The Chinese owner of TikTok saw revenue surge more than 40% to $29 billion in the second quarter from a year earlier, according to people with knowledge of the figures. That’s a far higher growth rate than other advertising-powered internet companies, including Meta, whose revenue rose 11% to $32 billion... Read more ›
15
Amazon has reached a deal with Snap that will let people buy Amazon products directly from ads on the Snapchat app, an Amazon spokesperson confirmed. The previously unreported arrangement closely resembles an ad partnership announced last week between Amazon and Meta Platforms, which lets people buy products through Amazon ads on Instagram and Facebook without leaving those apps. The two deals suggest Amazon is trying to make it easier for... Read more ›
45
Today’s tech stock market is no country for unthinking investors. A bunch of stocks—among them Alphabet and Amazon—have gone nowhere amid the market gyrations of the past two years, while others such as Apple have seen OK but not great performance. That adjective can really only be applied to Nvidia, which has soared this year thanks to its market-cornering position in specialized artificial intelligence chips. The stock has appreciated 62%... Read more ›
0
It’s Kalley again. On Friday, my colleague Sylvia and I reported on ongoing challenges at Meta Platforms over how to limit content that’s risky to young people. A centerpiece of the debate over youth safety and well-being is what sort of content Meta should limit on Instagram, Facebook and its other apps, and what the company should recommend. For at least two years, Meta’s employees proposed that the company stop... Read more ›
2
Eighteen years after co-founding YouTube, Chad Hurley is back with a new startup, EyeTell, which uses artificial intelligence to generate short-form video scripts and content, according to two people familiar with the matter. The five-month-old startup has raised a seed round led by Kevin Hartz’s A-Star Capital with an investment from Ron Conway’s SV Angel, according to one of the people. The size of the investment and valuation could not... Read more ›
54
Almost no startup benefited more from the collapse of Silicon Valley Bank than Brex, which saw a surge in deposits from young companies who use its credit card and cash management products. But that growth spurt has petered out in recent months, internal data reveal, putting more pressure on the company to ramp up its expense software diversification. In the third quarter, the company had annualized net revenue of $283... Read more ›
87
After reading my colleague Jon Victor’s piece Friday morning, I called up my 16-year-old brother to give him some career advice: Become an AI researcher.As Jon’s piece details, the market for AI talent is heating up, with recruiters from top companies like OpenAI and Google dangling lucrative compensation packages in front of AI researchers. OpenAI, for instance, has promised annual compensation of between $5 million and $10 million, mostly in... Read more ›
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20.06.2026 18:06
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