Summer is winding down—Labor Day is just a week away! But we’ve still got plenty of business news. Next week is particularly important: Nvidia will report earnings for its July fiscal quarter on Wednesday. In a note to clients yesterday, Wedbush analyst Dan Ives described the Nvidia report as “the most important tech earnings in years,” one example of how obsessed Wall Street is with it.Ives’ description might be a... Read more ›
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"This is a time for serious people, people who take this business seriously." The gang was back to business this week discussing the latest in the venture shakeout. Plus, the energy is back in the Bay again. And a fierce debate over the Starlink Mini. Also, we continue to experiment with transcripts and chapters for subscribers thanks to the amazing AI features of Riverside. Find those after the links. Enjoy!... Read more ›
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New York investment firm Coatue Management, an early and substantial backer of ByteDance that has a seat on the TikTok parent’s board, is discussing selling part of its stake, according to three people with knowledge of the talks. The firm has talked to brokers in the secondary market for private stocks to gauge the interest of potential buyers. It is considering selling hundreds of millions of dollars worth of shares,... Read more ›
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On January 17, @murder_ink_bmore, a Baltimore-based Instagram account with 240,000 followers, posted what it said was a voice recording of Eric Eiswert, principal of Pikesville High School outside Baltimore, denigrating Black students and faculty as well as Jews. “I seriously don’t understand why I have to constantly put up with these dumbasses here every day,” said the voice that sounded like Eiswert. The speaker went on, singling out three Black... Read more ›
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Microsoft will host a summit with cybersecurity companies whose software is interoperable with Windows next month to discuss potential changes to Windows in light of the recent Crowdstrike outage, the company said on Friday. The July outage, which stemmed from a faulty software update sent out ... Read more ›
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Meta Platforms has canceled plans for a premium mixed-reality headset intended to compete with Apple’s Vision Pro, according to two Meta employees. Meta told employees at the company’s Reality Labs division to stop work on the device this week after a product review meeting attended by Meta CEO Mark Zuckerberg, Chief Technology Officer Andrew Bosworth and other Meta executives, the employees said. Read more ›
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Three of the five co-founders of buzzy French artificial intelligence startup H, formerly known as Holistic, have left the company, one of the departing founders confirmed Friday. The startup, which was registered just four months ago, works on AI “agents” that handle multi-step tasks. In May, H ... Read more ›
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Shein said in an annual sustainability report released Thursday that it discovered two cases of child labor at contract manufacturers last year, and that it would crack down more aggressively on suppliers that use forced labor and child labor. The changes come as Shein aims to push back against ... Read more ›
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The fintech world is a tale of two cities. After a thrashing over the last two years, some big fintech startups, such as Stripe and Ramp, have seen their valuations rebound from the lows, as business improves and investor demand rises. Many other fintechs, including Brex, Chime and Plaid, have yet to crystallize a lower valuation in new fundraisings. But some trades on the secondary market suggest that if the... Read more ›
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Anthropic took a public position on SB 1047, California’s proposed artificial intelligence legislation, for the first time since the state legislature amended the bill to accommodate requests from the AI company. In a letter to Calif. Gov. Gavin Newsom, Anthropic said the amended bill is “ ... Read more ›
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Investors are certainly giving Snowflake the cold shoulder. On Wednesday, the data analytics firm delivered an earnings update that showed July-quarter revenue above the company’s own projections and increased its estimate of full-year revenue growth for fiscal 2025 by two percentage points, to 26%. As Deutsche Bank analyst Brad Zelnick pointed out in a report, that rate of growth is better than those of most other large publicly listed software... Read more ›
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Noam Shazeer, the former CEO of Character.AI who rejoined Google this month, will be the co-technical lead on Google’s Gemini, most important artificial intelligence initiative, according to a message sent to staff on Thursday. Shazeer will work alongside longtime Google AI researchers Jeff Dean ... Read more ›
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A merger in the works between two struggling startups, online pharmacy Truepill and health test provider LetsGetChecked, signals a growing trend in an era of tough financing: deals between companies that share major shareholders. Dublin-based LetsGetChecked has offered to buy California-based Truepill for $500 million in stock and $25 million in cash, according to merger documents sent by Truepill CEO Paul Greenall to investors.The venture capital arm of UnitedHealth Group,... Read more ›
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Ever since the pandemic trapped shoppers at home in 2020, the athleisure market has gotten crowded. Startup brands like Alo Yoga and Skims have quickly scaled up to hundreds of millions of dollars in annual sales, and retail giants like Nike and Lululemon have tried to keep up with customers’ changing tastes by adding trendier styles. One brand, Los Angeles-based activewear line Set Active, developed a cult following for its... Read more ›
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We are excited to share that The Information’s Co-Executive Editor Martin Peers has been awarded the prestigious Loeb Minard editing award for excellence in business and financial editing. Martin joined The Information ten years ago next month and has grown the ambition and scope ... Read more ›
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The top U.S. labor law enforcer took a step toward classifying drivers for Amazon subcontractors as Amazon employees, in a challenge to a key legal plank of the company’s delivery network. A National Labor Relations Board director determined that Amazon and one of its delivery subcontractors ... Read more ›
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Meta says it has been told by European regulators to delay using public posts on Facebook and Instagram to train its AI models “not because any law has been violated but because regulators haven’t agreed on how to proceed.” The comments were made in an Economist opinion piece Wednesday written ... Read more ›
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Stripe is planning a new tender offer to buy back shares held by employees, but it will finance this one entirely with its own cash, unlike in previous employee tenders. The financing approach shows how much the payment processing firm’s business has improved from the slump it experienced a couple of years ago. The company had about $615 million in free cash flow in the quarter that ended in June,... Read more ›
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Peloton’s long decline may have plateaued. The maker of exercise bikes and treadmills reported a 0.2% increase in revenue to $643.6 million for the July quarter, the first time since the December quarter of 2021 that the company has increased revenue. Since its peak in 2021, ... Read more ›
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To compete with OpenAI and other artificial intelligence developers, Meta Platforms CEO Mark Zuckerberg needs cloud providers like Amazon Web Services to convince businesses to use Meta’s AI model Llama.So far, that has been a mixed bag, as my colleagues reported on Wednesday. And we just noticed another potentially troubling sign about Llama’s popularity.Llama 3.1, the latest version of the flagship model, has been downloaded a total of about 3.6... Read more ›
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Most popular sources
Business Insider
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33% 2 |
Tech Wire Asia
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10% |
Eurogamer.net
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6% 3 |
CNET
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6% 3 |
Android Authority
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5% 3 |
| View sources » | |
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25.11.2024 17:42
Last update: 17:35 EDT.
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