Shares of database provider Snowflake jumped more than 19% in the wake of its report after dropping less than 1% in regular trading. Investors seemed to be encouraged that the company sailed well past its earlier quarterly product revenue projections and raised its full-year ... Read more ›
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Meta Platforms’ artificial intelligence assistant, Meta AI, has more than 185 million weekly active users, CEO Mark Zuckerberg said in a post on Threads Thursday. The assistant has more than 400 million monthly active users, he said, confirming The Information’s previous reporting. “Growing ... Read more ›
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Should you have free speech inside America if you are not an American? That was one of the meaty questions we discussed this week, following the arrest of Telegram founder Pavel Durov. The gang took the opportunity to check in on deeper questions that remain unanswered about freedom of speech and censorship. While the topic can feel abstract, I enjoyed my fellow cohosts' perspectives and thoughts, which challenged mine. Plus,... Read more ›
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A few months ago, a user from Chongquing, China, posted a video to Chinese social media platform Weibo, which has more than half a billion active users. The grainy 26-second clip appears to have been filmed on a primitive camcorder: We see a barrage of rockets ascend from a small vessel into a dusky sky, then streak toward a nearby aircraft carrier. A lens-trembling explosion follows. The video’s title claims... Read more ›
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A new version of Amazon’s Alexa voice assistant that the company plans to release in October will primarily use Anthropic’s Claude artificial intelligence models, Reuters reported on Friday. The reported reliance on technology from Anthropic, a startup backed by Amazon and Google, comes despite ... Read more ›
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Over the past two years, Amazon CEO Andy Jassy has sat down with some of the most high-profile CEOs in the social media business to discuss a range of topics including Amazon Web Services, which many of the social media companies use. Also on the agenda: letting Amazon sell its goods within TikTok, Instagram and other apps through a new kind of advertisement on those services. The meetings brought Jassy... Read more ›
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Intel and investment banks are discussing strategic options aimed at turning around the U.S. chip giant’s struggling business, Bloomberg reported. Intel, which reported a net loss of $1.6 billion for the second quarter, is exploring various scenarios including a split of the company’s product ... Read more ›
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Artificial intelligence developers are waking up to the potential implications of the California legislature’s passage on Thursday of a first-of-its-kind bill. SB 1047 would require developers to monitor what their customers do with their AI and to pay steep fines if the software causes harm—for instance, if someone hacks into an autonomous vehicle and causes a collision. The bill is heading to the desk of Gov. Gavin Newsom after passing... Read more ›
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The elite circle of the world’s most valuable private companies face a steady chorus of will-they-or-won’t-they IPO chatter from investors and bankers (and me). It helps to cut through the rumors by thinking through the reasons why a company might want or need to go through the expensive ritual (lawyer fees, new scrutiny, dealing with the Securities and Exchange Commission…) of going public.Many of those elite companies have been able... Read more ›
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California legislation to regulate artificial intelligence is on its way to Gov. Gavin Newsom’s desk after passing out of the state Senate on Thursday by a 29-9 vote. Newsom, who has yet to take a public position on SB 1047, will have until Sept. 30 to sign or veto the bill, which drew strong ... Read more ›
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Character.AI, the chatbot maker whose co-founders were rehired by Google as part of a deal earlier this month, laid off staff on Thursday, according to a note to employees viewed by The Information. At least 5% of Character’s roughly 120 employees were cut, according to a person briefed by ... Read more ›
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OpenAI’s ChatGPT has more than 200 million weekly active users, a spokesperson for the company said Thursday. That’s double the number of users it reported at its developer conference last November. “People are using our tools now as a part of their daily lives, making a real difference in areas ... Read more ›
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Meta Platforms’ artificial intelligence assistant, Meta AI, had at least 400 million monthly active users and 40 million daily active users in early August, less than a year after launching the product, The Information reported. Meta has pushed its assistant to the more than 3 billion people who ... Read more ›
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For weeks we’ve been talking to investors about an expected funding round for OpenAI. The mega financing is finally happening! CEO and co-founder Sam Altman has told employees the company is raising more money, according to a person with direct knowledge. But not every investor approves of the staggering new valuation. Read more ›
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Former San Francisco 49ers quarterback Colin Kaepernick has spent the past several years building his own media and publishing companies. The efforts showed him some of the challenges people face when trying to get their creations out into the world, from production costs to publishers shooting down their ideas. Last month, he launched Lumi, a new artificial intelligence startup that provides tools to independently create, publish and merchandise their own... Read more ›
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Affirm shares closed more than 30% higher on Thursday, a day after the installment lender said it expects to turn profitable on a GAAP basis by the fourth quarter of its fiscal year ending next June. CEO Max Levchin said in an investor letter that the company would likely benefit from lower ... Read more ›
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Meta Platforms CEO Mark Zuckerberg wants his company’s artificial intelligence assistant, Meta AI, to be the world’s “most used AI assistant” by the end of this year, eclipsing OpenAI’s ChatGPT. He seems to be making progress. In early August, less than a year after its debut, Meta AI had at least 400 million monthly active users and 40 million daily active users, according to two current employees. Read more ›
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Nvidia and Apple have discussed participating in an upcoming funding of OpenAI, Bloomberg reported Thursday, as the ChatGPT maker nears a multibillion-dollar deal to help cover mounting costs. Microsoft would also contribute funds as part of a round potentially led by Thrive Capital, an existing ... Read more ›
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Former President Donald Trump has accused Meta Platforms CEO Mark Zuckerberg in a forthcoming book of plotting against him in the last election, and said Zuckerberg would “spend the rest of his life in prison” if he did “anything illegal” in the 2024 cycle, Politico reports. In the book, titled ... Read more ›
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Another quarter, another (almost) blowout earnings report from chip giant Nvidia. But this time, Wall Street isn’t too appreciative.Nvidia stock opened Thursday morning down a few percentage points, following a slightly bigger sell-off in after-hours trading Wednesday night during Nvidia’s call. What gives? After all, revenue in the last quarter soared 122% to $30 billion from a year earlier, driven by sales of the chips needed to train and run... Read more ›
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Salesforce’s Marc Benioff and ServiceNow’s Bill McDermott are master salespeople. But neither has developed a cult following among individual investors as successfully as Palantir CEO Alex Karp. With his proclamations on patriotism—“We founded this company to be a ray of light to America and our Western allies”—Karp has turned Palantir into a kind of meme stock with a valuation that can only be described as exorbitant. Having risen 83% so... Read more ›
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Most popular sources
Business Insider
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36% 4 |
Eurogamer.net
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9% 4 |
CNET
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8% 1 |
Android Authority
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6% 4 |
The Verge
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5% 3 |
| View sources » | |
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25.11.2024 11:35
Last update: 11:31 EDT.
News rating updated: 18:31.
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