The end of an era of historically low interest rates has been a boon for big banks, which can now earn more from the loans they make. But for financial tech startups that sought to challenge traditional lenders, steeper borrowing costs have provoked a reckoning, forcing some to hike fees and cut off their riskiest customers. Upstart, which focuses on personal and auto loans, reined in lending this year in... Read more âș
0
About a month ago, I finally reached my breaking point with YouTube TV, the streaming service I had subscribed to years earlier as a replacement for cable TV. I didnât think twice about paying $40 a month for it in 2018, but after years of price increasesâYouTube TV now costs $73 a monthâI realized my family wasnât watching it nearly enough to justify the money. So I ditched it. More... Read more âș
2
Anthropic, one of the main rivals of OpenAI, is in talks with investors to raise at least $2 billion in new funding, following a commitment from Amazon last week to invest $1.25 billion in the company, according to three people with direct knowledge. Anthropic has told investors that Google, which bought a roughly 10% stake in the startup in 2022, is expected to invest in the round, two of the... Read more âș
72
How is Instagram going to resuscitate Threads? By focusing on Black creators and finding the sweet spot between hard news and pop culture. Thatâs what my colleague Sylvia reported in her article Monday about what's going on inside Instagram as it tries to breathe new life into the app, a rival to X (formerly known as Twitter). The juryâs still out as to whether any of these efforts will move... Read more âș
10
CEOs often speak from both sides of their mouth, depending on who their audience is. On Monday, Microsoft CEO Satya Nadella painted a scary picture of how Google could multiply its power in the age of artificial intelligence. His doom and gloom comments, made before a federal judge in Washington, contrasted with an upbeat Nadella from February who said that Microsoftâs Bing searchâthen being boosted by technology from OpenAIâwould âmake... Read more âș
65
Nvidiaâs ambition to compete with Amazon Web Services is growing. Nvidia is best known for designing server chips for artificial intelligence, but it has been running a nascent cloud service for corporate customers that develop AI with those chips. Nvidia operates the service, DGX Cloud, with servers located in the data centers of Microsoft, Oracle and Google, which limits what Nvidia can do with the servers. Now Nvidia may go... Read more âș
80
Instacartâs stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacartâs growth in... Read more âș
9
The cash machine of TikTokâs owner is getting bigger. ByteDanceâs revenue rose 34% to $24.5 billion in the first quarter of 2023, a slight slowdown from its 38% revenue growth in the 2022 calendar year, according to detailed financial results viewed by The Information. But the company generated $6.8 billion in cash from operations in the period, an improvement from $5.8 billion in cash flows from operations in the same... Read more âș
9
Three months ago, Threads, Meta Platformsâ answer to Twitter, was the hottest social media app around. In just days, 100 million people had signed up for it. Since then, usage has plunged, prompting Meta staffers to look for ways to revive interest in the app. One top priority is getting creators to post more often, as a way of boosting the kind of content that might keep people coming back... Read more âș
12
First, some breaking news: ByteDance, the parent of TikTok, is planning to buy at least $300 million in stock from current and former employees, a buyback that implies a valuation around $223.5 billion. Thatâs about 26% lower than the buyback ByteDance announced a year ago. In an unusual move, TikTok is buying back shares at different prices, depending on whether an employee is still working at the company and how... Read more âș
2
TikTok parent company ByteDance is planning to buy at least $300 million worth of stock from current and former U.S. employees in a deal that values the privately-held company at $223.5 billion, down 26% from a similar buyback offer a year ago, according to two people with direct knowledge of the situation. Current and former employees must notify the company of their desire to sell shares by the end of... Read more âș
6
Artificial intelligence leaders and policymakers are divided on a key question: Are cutting-edge AI models too powerful to hand to just anyone? That question has pitted companies such as Meta Platforms, which recently made the code for its conversational AI freely available on the internet, against rivals such as OpenAI that sell proprietary AI like ChatGPT but donât share the code. OpenAI, Anthropic and other proprietary software makers have said... Read more âș
61
A reckoning may be coming for once-hot artificial intelligence startups. Among the most vulnerable: consumer apps (think Character.AI) and âthin wrapperâ startups like CopyAI that merely provide a nice user interface on top of a third-party model from model developers like OpenAI. We got a sense of the slowdown last week, when Natasha and I reported that Jasper, an early generative AI winner whose $125 million Series A round last... Read more âș
0
Instacartâs first couple of quarters on the public markets could come with slower revenue growth and lower profits than it reported in the first half, according to private forecasts from analysts at banks that underwrote Instacartâs initial public offering this month. The low expectations could further dent Instacartâs stock price, which has still been hovering around its IPO price, if the company canât surpass the forecasts. Analysts at Goldman Sachs... Read more âș
0
Former President Donald Trump and other Republicans have united around a vow to gut President Joe Bidenâs landmark laws supporting electric vehicles, which marshal more than $500 billion to build a U.S. battery industry. Industry hands foresee little threat to the nascent industry, even in a Republican landslide that wins the White House and both houses of Congress. Thatâs a mistake. Read more âș
2
Adventurer: Strauss Zelnick Escapades: 6 a.m. weightlifting, skiing the mountains of Montana, cycling through the Canadian Rockies Plenty of tech execs flex about their fitness regimen. But few can flex like Strauss Zelnick, CEO of videogame holding company Take-Two Interactive Software, which is responsible for hit games like BioShock, Borderlands and Grand Theft Auto. The ridiculously ripped Zelnick, 66, hits the gym twice a dayâEquinox is his venue of choiceâand... Read more âș
0
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word âmensch.â Everyone who knows the San Francisco philanthropist and Leviâs heir says pretty much the same things about him: Daniel is âa really good guyââaffable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing that the Tipping Point... Read more âș
12
Itâs hard to feel sympathy for Apple, given how much money it makes ($9.2 million in net income every hour in the most recent quarter). But the flood of complaints on social media about overheating in the latest line of iPhones makes you feel a bit for the tech giant and its executives. Hereâs a company that wanted to make its high-end phones lighter by using titanium, and what sounds... Read more âș
5
I was about to sit down for coffee in Brooklyn with Meredith Whittaker when she started apologizing for the messages blowing up her phone. âSorry, weâre launching our post-quantum protocol today,â she said while tapping away inâwhat elseâher Signal app. Whittaker, the president of the Signal Foundation, the nonprofit behind the worldâs most heavily encrypted messaging app, came up for air a few minutes later. She explained that while quantum... Read more âș
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Just when I thought I understood the basics of whatâs happening in AI, the field moves again. This week we welcomed our first âfifth wheelââScott Belsky, who runs emerging products for Adobe and is also its chief strategy officer. Scott has been living and breathing AI and brought us inside the latest on agents, promising (and not-so-promising) startups and more. Plus, a feisty debate about whether the government should break... Read more âș
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30.06.2026 22:41
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