Paramount Global’s board committee that oversees any bids to buy the company announced that it has received an offer from billionaire Edgar Bronfman Jr. and other backers. As a result, it’s extending a “go shop” period it agreed to with David Ellison’s Skydance movie studio, which already has a ... Read more ›
0
Walmart+, the retail giant’s subscription that aims to compete with Amazon Prime and other store membership programs, saw its member numbers plateau around eight million people early last year, The Wall Street Journal reported. That figure included roughly one million Walmart employees who were ... Read more ›
0
Last fall, after marketing software company Klaviyo went public at a market value of more than $9 billion, leaders at rival Attentive were cheerful about their own initial public offering prospects. At an all-hands meeting, executives told staff the Klaviyo debut showed that public markets could understand a company in the wonky business of email and text message marketing, according to a person who attended the meeting. Attentive executives earlier... Read more ›
9
A court unsealed a document listing the shareholders of X Holdings Corp, the parent company of X, formerly known as Twitter. The list confirms many previously known investors in Elon Musk’s 2022 buyout of Twitter, including Sequoia, Larry Ellison, Andreessen Horowitz and Prince Alwaleed ... Read more ›
0
Google and California legislators on Wednesday said they agreed to a deal to provide nearly $250 million over the next five years to news organizations and to help journalists and other professionals use artificial intelligence through a program run by a nonprofit. In exchange, the deal ... Read more ›
0
OpenAI on Wednesday joined a growing list of artificial intelligence companies and Democratic lawmakers who have written letters to Calif. State Senator Scott Wiener expressing strong opposition to SB 1047. The state bill would require companies that spend over $100 million training a large AI ... Read more ›
12
Apple is splitting its App Store team into two entities: One that will run the company’s app marketplace and another that will oversee third-party stores, according to sources who spoke with Bloomberg. Matt Fischer, the vice president in charge of the App Store since 2010, will leave the company ... Read more ›
2
Uh-oh. This doesn’t seem good. Disney on Wednesday announced that board member Jim Gorman, a former CEO of Morgan Stanley, would take the reins of the board’s succession planning committee from Disney chair Mark Parker. This is the committee charged with what is apparently the hardest job in the Western world: finding a lasting successor for CEO Bob Iger.Gorman’s appointment might not sound particularly noteworthy, except that companies don’t often... Read more ›
0
Blue Origin, the space startup owned by Amazon founder Jeff Bezos, suffered two accidents in recent weeks to New Glenn, a giant new rocket the company is aiming to launch for the first time by the end of the year. According to Bloomberg, the upper portion of a New Glenn rocket crumpled into ... Read more ›
0
Zoom Video Communications, whose business exploded during Covid, is barely growing. But in the July quarter, it managed to post marginally better growth than it had projected, of 2.1%, double its expectations. That was good enough for investors, who sent Zoom stock up 3% in after-hours trading ... Read more ›
0
Snowflake reported 29% revenue growth in the July quarter, slightly better than the company projected a few months ago, a sign that the data analytics firm’s business is improving after a slowdown last year. Snowflake raised its projection for full year growth, for the second ... Read more ›
0
Disney’s board of directors has appointed current member James P. Gorman to chair its succession planning committee to find the company’s next chief executive. Gorman joined Disney’s board earlier this year and was selected by Disney after overseeing a recent succession process at Morgan ... Read more ›
40
Loren Gray is one of the original queens of TikTok, finding early success on its predecessor app Musical.ly in 2015 when she was just 13 years old. Now Gray is the latest social media star to break into traditional acting. She was cast in Netflix’s new film “Incoming,” slated for release Friday, which centers on a group of high school freshmen navigating their first party. Gray plays a popular girl... Read more ›
0
The U.S. Department of Justice is investigating accusations by customers and rivals of Nvidia, including Advanced Micro Devices, that the artificial intelligence chip designer is behaving in an anti-competitive way, including in how it bundles its products. One longtime rival argues that while Nvidia’s sharp-edged tactics don’t appear to be illegal, they will eventually hurt its business. “When people start complaining to you about what you’re selling them, that seems... Read more ›
0
The developer behind Story Protocol, a blockchain startup founded in 2022 to tackle copyright use, raised $80 million in a round led by a16z crypto, with participation from Polychain Capital and others. PIP Labs raised the round at a valuation of $2.25 billion, according to CNBC and ... Read more ›
0
If you follow a lot of tech and venture capitalists on X, you’d get the sense that all founders and investors are in violent opposition to SB 1047. The proposed bill moving through the California legislature would regulate large artificial intelligence makers by requiring them to hire outside auditors, ensuring the companies are testing their models for dangerous capabilities and establishing whistleblower protections. Big tech companies and large startups alike... Read more ›
0
Meta Platforms knows how to get brands like Away and Temu to buy advertisements on Facebook and Instagram. If the company’s CEO, Mark Zuckerberg, is to succeed at his goal of becoming a leader in artificial intelligence, though, Meta’s going to have to quickly learn a new skill: how to pitch software to big businesses. Zuckerberg wants to turn Meta’s large language model, Llama 3, into the industry standard for... Read more ›
36
Walmart has sold its stake in Chinese e-commerce platform JD.com for $3.6 billion, Bloomberg reported, eight years after the American retail giant made the investment as part of a strategic partnership that let Chinese consumers buy Walmart products on JD.com. Walmart sold 144.5 million JD.com ... Read more ›
0
A federal judge in Texas struck down on a rule by the Federal Trade Commission that attempted to ban noncompete contracts, saying the antitrust agency was stepping beyond its authority with the regulation. The U.S. Chamber of Commerce had sued to block the rule, which was slated to go into ... Read more ›
3
Ryan Breslow, the founder of ecommerce checkout Bolt, plans to return to the startup as part of a complicated fundraising that would also funnel cash to his other startup venture, The Information reported Tuesday. Bolt has told existing investors that it plans to raise $200 million in cash and ... Read more ›
0
Most popular sources
Business Insider
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33% 2 |
Tech Wire Asia
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9% |
CNET
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6% 3 |
Eurogamer.net
|
6% 3 |
The Verge
|
5% 1 |
| View sources » | |
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25.11.2024 17:25
Last update: 17:21 EDT.
News rating updated: 00:21.
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