ByteDance’s U.S. investors are considering participating in an Oracle-led deal to take control of TikTok and avert a ban of the app, according to reports in the Financial Times and Reuters. According to the reports, shareholders such as Coatue, KKR, General Atlantic and Susquehanna would ... Read more ›
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Coinbase is in advanced talks to acquire Deribit, the world’s largest crypto options exchange, Bloomberg reported on Friday, a deal that would significantly expand Coinbase’s derivatives business outside of the U.S. Coinbase, the biggest U.S. crypto exchange, launched an international ... Read more ›
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Last June, the Boston Celtics clinched their 18th NBA Championship, making them the most decorated pro basketball franchise of all time. On Thursday, Symphony Technology co-founder Bill Chisholm reached an agreement to buy the team at a valuation of $6.1 billion, giving the Celtics yet another title: the most expensive U.S. sports club ever sold. Once the transaction is approved, it’ll mark the latest American sports team sold to someone... Read more ›
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Yahoo has sold its tech publication TechCrunch to Regent, a media investment firm that owns other websites including PCWorld and Macworld. Financial terms of the deal were not disclosed. TechCrunch has had a number of owners over the years. Yahoo came to control the influential tech news outlet ... Read more ›
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On this week’s More or Less: Google’s $32B deal and a Silicon Valley spy scandal! Apple Spotify YouTube Read more ›
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In June 1995, two young congressmen reached across the aisle to introduce legislation that would become the defining legal protection of the internet era: Section 230 of the Communications Decency Act, which shields internet companies from liability for content created by users. Now, nearly 30 years later, another bipartisan duo hopes to drastically alter that law. With both parties aligned—and President Donald Trump seemingly interested too—they stand a better shot... Read more ›
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Perplexity, the AI-powered search platform led by CEO Aravind Srinivas, is in talks to raise $500 million to $1 billion at a $18 billion valuation including the new investment, reported Bloomberg. That would double its valuation from a December round and top the $15 billion price tag some ... Read more ›
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BuildOps, a seven-year-old startup developing software tools for commercial contractors, has raised roughly $120 million at a more than $1 billion valuation, including the investment, according to a person who spoke to company executives. Palo Alto, Calif.,-based venture firm Meritech Capital is ... Read more ›
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There are lots of reasons to be down on Apple nowadays. Its tentative steps into artificial intelligence have not gone well, leading to a high-profile executive shake-up today. Sales of its core product, the iPhone, are stagnant. The most recent attempt at a new product, the Vision Pro mixed reality headset, flopped. And as our Wayne Ma reported today, most of its subscription businesses—including Apple TV+, Apple Music and Fitness+—are... Read more ›
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Wiz’s $32 billion sale to Google is giving at least one venture capital megafund a case study for why it can pay to double and even triple down on top startups.Insight Partners, the VC and private equity giant that owns 8% of Wiz, wrote to limited partners Tuesday that the transaction turned a $213 million investment into $2.6 billion. Including sales of shares made last year, Insight estimates it returned... Read more ›
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Last fall, artificial intelligence star CoreWeave shared astounding financial projections with private investors. It projected that revenue would quadruple to $8 billion in 2025 and cash burn would shrink by more than one-third to $4 billion, according to confidential investor documents. Those expectations appear a lot more sober now, as the company prepares for its Wall Street debut. Read more ›
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When people want to buy a product promoted by an influencer on Instagram or YouTube, the process can be clunky, often involving a maze of affiliate links or switching between multiple apps. Now, Walmart is working to make social shopping smoother by having more checkouts happen inside social apps themselves, the company’s chief technology officer, Suresh Kumar, told me. That could potentially include deals to link shoppers’ Walmart accounts and... Read more ›
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Regulators ordered Tesla to recall virtually all Cybertrucks it has sold to repair faulty body strips that could fall off. In all, Tesla will recall 46,096 Cybertrucks, which went into commercial production in November 2023. The glue holding the long metal strips, called cant rails, above the ... Read more ›
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Apple has enlisted the help of Mike Rockwell, the leader of its Vision Pro product, to get the company’s struggling artificial intelligence efforts back on track, Bloomberg reported. Rockwell will take over the development of Siri, Apple’s longtime intelligent assistant, from John Giannandrea, ... Read more ›
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Retailers have mixed feelings about web-browsing agents that can control a person’s browser to complete tasks for them.Some firms like DoorDash are concerned that an explosion of agents could overrun their sites with bots, lowering the value of their ads and creating distance between themselves and customers in the process. (That was the subject of our feature story on Wednesday.) Others like Walmart say it’s too early to tell.Hari Vasudev,... Read more ›
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Until this week, I didn’t know Keith O’Brien existed. The payroll compliance manager—and now accused corporate spy—was suddenly very interested in me. O’Brien’s curiosity was piqued last month when I was writing a story about a bitter feud between his company, Rippling, and its archrival, Deel. O’Brien allegedly searched for my name in Rippling’s Slack channels 15 times. He searched for the name of this publication, The Information, 31 times.... Read more ›
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Crypto exchange Kraken said it agreed to buy NinjaTrader, a U.S. retail futures trading platform, for $1.5 billion. The deal will help Kraken expand into a broad trading venue ahead of a potential IPO. The acquisition will allow Kraken to offer crypto futures and derivatives in the U.S. because ... Read more ›
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Temu parent company PDD Holdings reported slower revenue growth for the fourth quarter of 2024 on Thursday, blaming a “fast-changing external environment” and increased competition for the slowdown. The internet giant, which also owns Chinese online shopping site Pinduoduo, said fourth-quarter ... Read more ›
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It’s been about two months since President Donald Trump took office, and there’s still lots of uncertainty around how he’ll regulate the AI industry. That’s particularly when it comes to open source and how much information leading developers must share with the feds.One thing is clear, though: the Trump presidency will be good for AI developers like Mistral and Cohere. The reason might surprise you.Both firms have benefitted from the... Read more ›
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Last year, Apple CEO Tim Cook had questions about several pricey movie deals executives of Apple TV+, the company’s video-streaming service, had been striking, including for “Argylle,” a spy action-comedy starring Henry Cavill and Dua Lipa. The movie, which cost $200 million to produce, hadn’t found much of an audience or generated more subscribers for the service, Cook told his colleagues, according to a former Apple TV+ employee. Cook had... Read more ›
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Most popular sources
Wired
|
33% 1 |
Business Insider
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28% 0 |
Gizmodo
|
8% 9 |
Vox
|
6% 3 |
The Verge
|
5% 4 |
| View sources » | |
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01.04.2025 23:11
Last update: 23:05 EDT.
News rating updated: 06:01.
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