Another day, another multibillion-dollar valuation for a generative AI startup! Today it’s Synthesia, a video-generation startup that’s near a $2 billion price tag in a round led by New Enterprise Associates, we scooped Thursday. Given the firehose of AI deals, it’s easy to forget that plenty of startups aren’t as lucky – and could be getting perilously close to running out of cash. Digital health company Forward’s decision to shut... Read more ›
0
Clara Shih, a Salesforce veteran executive who earlier this year was tapped to lead its artificial intelligence efforts, has left the company to pursue another opportunity, according to a report from Patrick Walravens, an analyst at JMP Securities. It’s not clear what Shih plans to do next, and ... Read more ›
0
Any creator who relies on Google search to drive readers to their websites is used to changes in the search engine’s powerful algorithm. But some recent updates have been so disruptive that Google made a rare overture to these small publishers: In late October, it invited several to its Mountain View, Calif., headquarters to hear their complaints. Google paid for flights and hotels of several website creators for a meeting... Read more ›
0
Amazon representatives met with Capitol Hill staffers earlier this year to answer questions about an advertising partnership the e-commerce giant struck with TikTok, Bloomberg reported Thursday. Under the partnership, TikTok allows users to purchase items from Amazon ads without leaving the ... Read more ›
0
Synthesia, which helps companies create AI videos, is raising $150 million in funding at a valuation of $2.1 billion after the investment, double its valuation from 17 months ago, according to a person involved in the deal. Founded in 2017, Synthesia is also generating more than $70 ... Read more ›
0
The Consumer Financial Protection Bureau has taken steps to place Google’s financial services businesses, such as Google Wallet, under formal federal supervision, The Washington Post reported on Thursday. Google Wallet stores credit card details and allows users to pay digitally. The supervision ... Read more ›
0
Valuations of generative artificial intelligence startups appear to be coming down—slightly. The latest example is Synthesia, which helps companies create AI videos. It’s raising $150 million in funding at a valuation of $2.1 billion after the investment, double its valuation from 17 months ago, according to a person involved in the deal. While the valuation may seem high, it’s actually far lower than valuations many startups were getting earlier this... Read more ›
4
The Federal Trade Commission is preparing to investigate whether Microsoft’s cloud computing business engaged in anti-competitive practices, The Financial Times reported on Thursday. The investigation follows a broader inquiry launched by the FTC into cloud computing practices at Microsoft, ... Read more ›
0
Artificial intelligence startup Glean, whose search product helps corporate employees find internal data, is inspiring other companies to launch rival products. Google is working on an upgraded business search product that will be similar to Glean’s, while OpenAI is working on technology ... Read more ›
0
The Onion, the venerable satirical media company purchased by Twilio founder Jeff Lawson last spring, is buying Infowars, the website formerly owned by conspiracy theorist Alex Jones. The Onion plans to relaunch Infowars in January as a parody site that lampoons figures like Jones. Infowars ... Read more ›
0
The European Commission has fined Meta Platforms 797.72 million (around $843 million) for breaching antitrust rules in tying its classified advertising service Facebook Marketplace to the Facebook app. The commission said Meta had imposed unfair trading conditions on competing ad providers to “ ... Read more ›
0
Amazon is adding new telehealth and pharmacy services with upfront pricing for several health conditions, including anti-aging skin care treatment, erectile dysfunction and hair growth, the company said Thursday. The move puts Amazon more directly in competition with Hims & Hers, and the ... Read more ›
0
Now that we know OpenAI isn’t the only artificial intelligence developer seeing a slowdown in improvements using traditional “scaling” methods, it’s worth looking at all the ways companies are trying to make up for that.There are tried and true methods to make large language models perform better, such as tweaking the parameters—settings that determine how the models “learn” from data and answer questions. And there are loads of other changes... Read more ›
0
Rep. John Moolenaar, the chair of the House’s Select Committee on the Chinese Communist Party, introduced legislation Thursday that would revoke China’s permanent normal trade relations, or PNTR, status and end the use of a trade provision known as de minimis that allows many shipments from ... Read more ›
0
ChatGPT changed how people search for information online, sparking a battle among tech giants. Now Glean, a five-year-old startup led by a former Google search engineer, is attracting big rivals in a related market: search chatbots for businesses. These products, which are powered by the same technology that’s behind ChatGPT, help employees find information within their company to fix software bugs, improve sales pitches and analyze financial performance, among other... Read more ›
0
Disney has an optimistic outlook for its entertainment business next year. The company said its entertainment segment, which encompasses its film and TV studios, entertainment TV networks and Disney+ and Hulu, will generate a double-digit percentage growth in operating income compared to its ... Read more ›
0
Disney grew overall revenue 6% to 22.6% in its fiscal fourth quarter ending in September, with its entertainment segments reporting a steep increase in profits, driven by a surge in its film studio and additional growth in streaming. Its traditional TV business, however, continued its steep ... Read more ›
0
Chip designer AMD, the second-largest provider of graphics processing units for training and running AI software, is laying off around 1,000 employees as part of what it described as an effort to focus on its “largest growth opportunities,” according to a report from tech news site Wffctech. The ... Read more ›
0
All those techies and bankers hoping the new Trump administration will relax Joe Biden’s tough antitrust approach might want to think again. Donald Trump on Wednesday said he would nominate Florida Rep. Matt Gaetz as attorney general, putting forward someone who has appeared supportive of Federal Trade Commission Chair Lina Khan and has called for the breakup of big tech companies. The timing is propitious, coming the same day that... Read more ›
0
Polymarket is being investigated by the U.S. Justice Department for allegedly letting U.S. users bet on the platform, Bloomberg reported. The prediction platform reached a settlement with the CFTC in 2022, which had argued it was running an unregistered, illegal derivatives market. Polymarket ... Read more ›
0
Most popular sources
Business Insider
|
30% 14 |
The Verge
|
15% 12 |
Financial Times
|
15% 14 |
Tom's Hardware
|
6% 2 |
Wired
|
4% 2 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
23.11.2024 18:20
Last update: 18:05 EDT.
News rating updated: 01:10.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.