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 ›
0
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 ›
60
Yelp sued Google in federal court in San Francisco on Wednesday, alleging that Google used its monopoly in search to gain an advantage over competitors like Yelp in the local search business. Yelp is seeking monetary damages and an order that Google stop its alleged anticompetitive practices. ... Read more ›
0
For all the Nvidia watchers out there, including superfans of the stock who have kept track at bars, we’ve got good news and bad news. The good news is that Nvidia delivered another set of monster earnings. It reported top-line growth of 122%—a little above its own projections—lifting net income 168% to $16.6 billion. The bad news is that we learned nothing to answer the trillion-dollar question of whether the... Read more ›
0
Proposed California legislation that seeks to regulate artificial intelligence makers passed a vote in the state Assembly 41 to 9 on Wednesday, overriding mounting objections from business groups and bi-partisan lawmakers, including some of the state’s top Democrats. With the vote, SB 1047 will ... Read more ›
0
A federal court in Illinois has breathed new life into a two-year-old class action suit against a handful of creators and the makers of Blue Ice Vodka. The suit claims the Instagram influencers and the vodka maker engaged in false advertising about the “handcrafted” drink’s “health benefits” and failed to disclose their paid relationships.The court’s June decision, which denied the defendants’ motion to dismiss, could open the door to more... Read more ›
19
Salesforce grew revenue by 8% year over year to $9.33 billion in the quarter ended July 31, eking out an increase as many enterprise software companies face sales headwinds. The company also said Wednesday that Amy Weaver, Salesforce’s president and chief financial officer, will step down from ... Read more ›
0
Nvidia revenue rose 122% year-over-year to $30 billion in the quarter that ended in July, ahead of the company’s projections. But its gross margin fell for the first time in more than a year, due to costs related to problems with its new Blackwell chip. Nvidia confirmed a report from The ... Read more ›
0
Pavel Durov, the CEO of Telegram who was detained last weekend in France, was charged with a range of criminal offenses by a prosecutor in Paris on Wednesday, including complicity in the distribution of child pornography and drug trafficking. According to a statement from the prosecutor, Laura ... Read more ›
0
Thrive Capital is leading a multi-billion-dollar investment in OpenAI, the developer of ChatGPT, at a valuation north of $100 billion, according to a Wall Street Journal report. The New York-based venture capital firm, led by Josh Kushner, is already a major OpenAI shareholder and plans to ... Read more ›
0
Google will start to allow Gemini users to generate images of people, months after restricting the feature following backlash over historically inaccurate results to some queries. Dave Citron, a Gemini senior director, wrote in a blog post on Wednesday that Google had made “significant progress ... Read more ›
0
Meta Platforms is planning a new mixed reality device that resembles a bulky pair of glasses, according to two Meta employees. The project, internally code-named Puffin, suggests the company is looking to design an alternative to its large, heavy headsets, which so far have had limited consumer appeal. Mixed reality is a combination of augmented and virtual reality that allows people to see images and text over the real world... Read more ›
53
Four days after Telegram’s CEO was arrested at an airport outside Paris, French authorities have released Pavel Durov. The AP reported that prosecutors in Paris have ordered Durov, who has French citizenship, to appear before a judge to face a possible indictment. French authorities say they are ... Read more ›
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All eyes are on Nvidia’s quarterly earnings report today (there’s apparently even a watch party for it at a New York City bar if you want to partake in some nonsense), so it’s a good time to share a new example of the company’s technological dominance.This morning, MLCommons, a nonprofit that evaluates artificial intelligence software and hardware, released test results that showed that Nvidia’s most advanced—and broadly available—chip, the H200,... Read more ›
0
Shopify has hired Mikhail Parakhin, who had worked on key artificial intelligence efforts at Microsoft, as its new chief technology officer, the e-commerce software giant said in a statement Wednesday. At Microsoft, Parakhin was the company’s CEO of advertising and web services and helped revamp ... Read more ›
0
For years, Coinbase dominated the U.S. market as the go-to place for buying and selling bitcoin. Now the crypto exchange is trying to forge a new identity as the backbone of an entire financial system, using its Base blockchain, which it launched last year. To catch on with users and make money, Coinbase needs to attract outside apps offering lending, international payments and other financial services to its blockchain. The... Read more ›
0
Over the past decade, investor Daniel Gross has written checks for over 150 startups, including Cruise, Coinbase and Rippling. If there’s one deal that could define his legacy, though, you’ll find it a short walk away from his investment office in Palo Alto, Calif., at the headquarters of Safe Superintelligence Inc. The artificial intelligence lab is one of the buzziest startups in AI, largely because it was co-founded by Ilya... Read more ›
1
Here’s a question that’s sure to divide your household: Is Amazon’s $100 million podcast deal with the Kelce brothers a bet on Travis Kelce marrying Taylor Swift? The consensus here at The Information is yes, for sure. While the Kelce brothers’ podcast, “New Heights,” was popular before Travis and Taylor became a thing, it really took off afterward. That implies that if the couple breaks up, the podcast’s audience is... Read more ›
0
Typically when something bad happens to the founder of a highly valued private tech startup, the venture investors are at the front lines of the fallout—and in some cases can influence the outcome. I know this from reporting on FTX’s collapse (a wipeout for investors like Sequoia Capital and Paradigm) and then the firing of OpenAI CEO Sam Altman, when VC investors threatened to sue if he didn’t return. But... Read more ›
0
It’s been a tumultuous year for TikTok employees, between a looming potential ban of the app in the U.S. to its first widespread layoffs earlier this year. Those changes have included the departures of long-time staff and senior leaders.The latest: Nicole Iacopetti, head of content strategy and policy, is leaving the company effective September 6, according to a note sent to some staff from TikTok’s head of operations Adam Presser. Read more ›
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Shares of Super Micro, a major seller of servers powered by Nvidia artificial intelligence chips, fell 2.5% Tuesday after a notorious short seller alleged the company had manipulated its books. Hindenburg Research, which previously went after billionaire Carl Icahn and electric vehicle firm ... Read more ›
0
Most popular sources
Business Insider
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35% 6 |
The Verge
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8% 6 |
CNET
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7% 1 |
Eurogamer.net
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6% 2 |
Android Authority
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6% 3 |
| View sources » | |
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25.11.2024 13:01
Last update: 12:55 EDT.
News rating updated: 19:50.
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