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 âș
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The Amazon-owned podcast network Wondery has acquired the âNew Heightsâ podcast, hosted by Travis and Jason Kelce, in a $100 million deal, according to Variety. The deal gives Amazon exclusive ad-sales and distribution rights to the popular sports talk show. Travis Kelce, a tight end for ... Read more âș
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Meta Platforms is shutting Spark, its platform for businesses and creators to build augmented reality effects for Metaâs apps, the company said in a blog post Tuesday. Spark, which was launched in 2017, will be shut on January 14, 2025. Afterward, AR effects created and owned by third parties ... Read more âș
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Meta Platforms CEO Mark Zuckerberg said the Biden administration pressured Meta to remove posts related to Covid-19 and he regrets that Meta was not more outspoken about it. In a letter to the House Judiciary Committee Chairman Jim Jordan Monday, Zuckerberg said the government in 2021 â ... Read more âș
0
In case you were wondering why Sam Altman cryptically posted a picture of strawberries earlier this month, the answer almost certainly has to do with Strawberry, a mysterious technical breakthrough that could help OpenAIâs models complete complex tasks such as math problems that conversational AI has traditionally struggled with. (If this sounds familiar, itâs likely because Strawberry was previously called Q*.)Why is Altman being so cheeky? Probably because the word... Read more âș
172
As OpenAI looks to raise more capital, its researchers are trying to launch a new artificial intelligence product they believe can reason through tough problems much better than its existing AI. Researchers have aimed to launch the new AI, code-named Strawberry (previously called Q*, pronounced Q Star), as part of a chatbotâpossibly within ChatGPTâas soon as this fall, said two people who have been involved in the effort. Strawberry can... Read more âș
205
Elon Musk on Monday said he supported proposed California legislation to regulate artificial intelligence, becoming one of the few tech CEOs to publicly back the bill. His support contrasts with his frequent criticisms of government overreach. âThis is a tough call and will make some people ... Read more âș
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Thereâs nothing like a billionaireâs arrest as they get off their private jet to alarm other rich people. The apprehension of Telegram founder Pavel Durov by French police as he deplaned over the weekend has more than a few techies worked up, particularly Elon Musk and other like-minded folks. Their message: This is a threat to free speech.Well, maybe. But the response from French authorities hinted that the issue was... Read more âș
27
The recent arrest of Telegram CEO Pavel Durov is âpart of an ongoing judicial investigation,â French President Emmanuel Macron said on X Monday. The case concerns a âperson unnamedâ, according to French prosecutors, who is suspected of crimes related to child pornography, drug dealing, and money ... Read more âș
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G Squared raised just over $1 billion to primarily purchase existing shares of startups from employees or other investors. This will be the firmâs sixth fund and is roughly the same size as its last. The Chicago-based venture capital firm will invest 70 to 80% of the fundâs money in secondary ... Read more âș
2
Luca Maestri, who has been Chief Financial Officer of Apple for a decade, will step down at the end of the year. Heâll be succeeded by Kevan Parekh, the vice president of financial planning and analysis, Apple said. Maestri isnât leaving, however. He will âcontinue to lead the ... Read more âș
0
Toncoin, the token of The Open Network, a blockchain integrated with Telegram, fell after Telegram CEO Pavel Durov was detained in France on Saturday over claims that messaging service failed to crack down on crime on the app. The price of Toncoin, or TON, plunged 20% on Saturday before paring ... Read more âș
3
Shares of Temu parent company PDD Holdings fell nearly 25% in morning trading Monday after the Chinese e-commerce giant warned that revenue growth would slow amid mounting competition. The company reported revenue of $13.36 billion for the second quarter, which represented an 86% increase from a ... Read more âș
0
Dozens of former artificial intelligence researchers from Google who struck out on their own are learning that startups are tricky.The latest example is French AI agent developer H, which lost three of its five cofounders (four of whom are ex-Googlers) just months after announcing they had raised $220 million from investors in a âseedâ round, as our colleagues reported Friday. The founders had âoperational and business disagreements,â one of them... Read more âș
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In the nearly one year since Instacart went public, it has had an unlikely cheerleader: Uber CEO Dara Khosrowshahi. He extolled his grocery-delivery rivalâs âvery strong advertising productâ at an investor conference in March. He admired Instacart's âvery high qualityâ suburban customer base in comments made after Uber and Instacart struck a restaurant delivery partnership a month later. So far, that partnership has been âan excellent one,â he said on... Read more âș
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IBM is shutting down its research and development operations in China, and the company plans to expand its R&D teams in other places such as India, The Wall Street Journal reported. The move, which will affect more than 1,000 China-based employees, comes at a time when some U.S. companies ... Read more âș
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French authorities have arrested the billionaire founder of the Telegram messaging app near Paris, according to Reuters, which cited French television reports. Pavel Durov, who had been traveling by private jet, was arrested at Bourget airport near Paris, TF1 TV and BFM TV reported, according to ... Read more âș
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This week, The Information's Co-Executive Editor Martin Peers was announced as a winner of a Loeb awardâone of the highest honors in business journalismâfor his career in editing. The Loeb Foundation asked The Information to write an article about Martin's impact on the industry. We were delighted to do so and hope you enjoy it. As a young reporter in Australia in the 1980s, Martin Peers covered crime in Tasmania,... Read more âș
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Welcome, Weekenders! In this newsletter:âą The Big Read: Inside an AI nightmare that tore apart a schoolâą The Top 5: Our favorite THC drinks Plus: A chaotic AI bill; the philosophers with advice for childless millennials; and Shyamalan and the Swifties.Say, have you heard about a young fellow named Robby Starbuck? If you havenât, write his name down because I could easily see the conservative activist becoming a force within... Read more âș
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Jake Bullock, a former Bain consultant in San Francisco turned cannabis entrepreneur, has bet tens of millions in venture capital on his bold vision for making drinks that get you just a little bit high. âI hope one day youâll walk into a Costco and youâll see the liquor, the wine and the beer, and maybe thereâs some hard seltzers and ready-to-drink cocktails,â said Bullock. But then âthereâs some THC-infused... Read more âș
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Nearly 200 employees at Googleâs DeepMind artificial intelligence unit signed a letter in May asking Google to investigate press reports that militaries and weapons manufacturers are using Google Cloud and to terminate access to DeepMind technology for military users, Time reported on Thursday. ... Read more âș
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Most popular sources
Business Insider
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34% 5 |
Eurogamer.net
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8% |
Gizmodo
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7% 0 |
Android Authority
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6% 4 |
CNET
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6% 2 |
| View sources » | |
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25.11.2024 13:50
Last update: 13:45 EDT.
News rating updated: 20:41.
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