Venture capital investors are quite willing to pour money into artificial intelligence startups with largely unproven products. So it’s notable when some investors view a startup as too much of a crazy bet.That’s a taste of the response my colleagues and I have seen when we started to ask about Liquid AI. The one-year-old startup, spun off from a Massachusetts Institute of Technology research lab, is developing a low-cost alternative... Read more ›
32
On Friday, I published a story about TikTok’s latest efforts to get more users on the app as third-party data shows a sharp slowdown in user growth from pandemic highs. In the U.S., TikTok users for a limited time can get steeply discounted goods, such as makeup and electronics, for just one cent when they invite new friends to the app. That builds on a referral scheme the ByteDance-owned company... Read more ›
8
EU Commissioner Thierry Breton’s open letter to Elon Musk was “neither coordinated nor agreed” with European Commission President Ursula von der Leyen, a spokesperson for the governing body told reporters in a taped news conference Tuesday. The public criticism of Breton, one of Europe’s most ... Read more ›
0
X is expecting to take in about $2 billion in advertising revenue this year, Axios reported. That’s a drop from 2023 when the company brought in roughly $2.5 billion, according to Bloomberg, and an even steeper decline from the $4.5 billion in ad revenue the company reported in 2021, which was ... Read more ›
0
If there’s one sector of the stock market that is repellent to investors right now, it’s traditional entertainment. And if there’s one company that sums up how out of favor the sector is, it’s Warner Bros. Discovery. The owner of HBO, Warner Bros. and the Max streaming service—once one of the premier entertainment businesses in the world—has seen its stock collapse to below $7 in recent days, down 73% in... Read more ›
21
DoorDash announced Tuesday it was adding access to streaming service Max as a perk of its DashPass annual subscription, as the delivery company aims to keep customers coming back to the app. DashPass members can get free access to Max’s ad tier, or pay a discounted monthly fee of $10.99 for the ... Read more ›
0
OpenAI’s upper management has been a bit of a revolving door lately. The last few months have seen a number of high-profile departures—both permanent and temporary—from the ChatGPT maker, including two cofounders, a product exec, a safety leader and a former board member, and even more internal reorgs.Already, though, others have risen to fill those power vacuums. Here’s who’s stepping up as the company’s new guard, based on conversations with... Read more ›
4
Two years ago, Congress passed a law banning the sale of padded crib bumpers, saying they posed a suffocation hazard for babies. But in recent weeks, U.S. shoppers could have bought as many as four different styles of padded bumpers in a variety of colors and patterns on bargain site Temu. On the site of Temu’s main rival, Shein, shoppers can buy toddlers’ and children’s drawstring hoodies, which regulators say... Read more ›
0
Lazada, Alibaba’s e-commerce unit in Southeast Asia, has achieved monthly profitability for the first time based on earnings before interest, taxes, depreciation and amortization, the unit’s CEO said in an internal meeting, according to a person with direct knowledge of the matter. ... Read more ›
0
The U.S. Department of Defense has decided to remove Chinese lidar maker Hesai Group from its blacklist of Chinese companies with military ties, the Financial Times reported. The Pentagon added Hesai to the blacklist in January. But now, it has concluded that Hesai, whose lidar sensors are key ... Read more ›
0
X owner Elon Musk on Tuesday blamed a late start to a streamed interview with former President Donald Trump on a “a massive DDOS attack on X.” Musk suggested the attack came from Trump’s opposition, without elaborating. The audio stream, which started just under 45 minutes late, followed Trump’s ... Read more ›
0
It looks like Elon Musk is preparing for a cage match with Thierry Breton, a European commissioner who has been on the X owner’s case over his lack of compliance with European regulations. Today, for instance, Musk re-tweeted the latest missive from Breton—as verbose a letter as any bureaucrat could produce—with an image from the movie “Tropic Thunder” where a character played by Tom Cruise urges someone to have carnal... Read more ›
0
Patreon on Monday said Apple is requiring the membership site’s iOS app to use the iPhone maker’s in-app purchasing system by November—or it could risk being removed from the App Store. In a blog post, Patreon said this means Apple will take a 30% cut of all new memberships to creators purchased ... Read more ›
0
BuzzFeed’s revenue during the second quarter of 2024 fell 24% to $46.9 million, excluding the Complex Networks properties it sold off earlier this year. It reduced its net loss from operations to $6.5 million in the quarter, compared to $22.5 million last year, and generated $2.7 million in ... Read more ›
0
Robinhood announced Monday that it hired former Lyft executive Jeff Pinner as the company’s first ever chief technology officer. Pinner joined the retail brokerage app from self-driving vehicle company Cruise, where he was a distinguished engineer. Prior to that, he spent a decade at Lyft, where ... Read more ›
0
Google’s complex deal to hire the founders and other researchers of Character.AI—the third such deal between a tech giant and an artificial intelligence startup in the past six months—raises a question: Which startup might be next? Startups that collectively raised billions to develop their own AI models have found it difficult to compete against big tech companies with vast computing resources and large customer lists. But many startups are loaded... Read more ›
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Being a venture capitalist investing in AI startups these days isn’t that different from being a detective. Much of the job, VCs tell me, is sniffing out the BS and separating it from reality.Nowhere is that more true than when analyzing startups’ top lines. We’ve talked in the past about how some AI startups are pitching investors on their “contracted ARR” (or the revenue that could come from signed contracts... Read more ›
0
Several months ago, an electric appliance company in eastern China put in a $120 million order for 300 servers powered by eight of Nvidia’s cutting-edge H100 chips. The order was for chips that U.S. export rules bar from sale in China. To get around those rules, the company didn’t go to one of Nvidia’s authorized distributors but to a chip broker in Malaysia. The broker arranged for the Chinese buyer... Read more ›
18
Republican presidential hopeful Donald Trump says hackers penetrated his campaign’s internal communications. Trump’s campaign said the hack came from “foreign sources hostile to the United States.” The hack follows a Microsoft report released on Thursday that warned about Iranian ... Read more ›
0
Nothing livens up a weekend like change, and I’m very pleased to tell you about some changes here at Weekend, The Information’s weekly magazine section: We’ve added two new reporters, Josh Koehn and Paris Martineau. Josh joins us from The San Francisco Standard to cover tech’s power and influence in San Francisco and the Bay Area—how the technorati shape the region and vice versa. And at a moment when national... Read more ›
0
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5% 1 |
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25.11.2024 17:37
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