Shares of database provider Snowflake jumped more than 19% in the wake of its report after dropping less than 1% in regular trading. Investors seemed to be encouraged that the company sailed well past its earlier quarterly product revenue projections and raised its full-year ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Meet Curtis Yarvis, far-right guru and friend to tech conservatives like Peter Thiel• The Top 5: Our favorite board games • The techies who went for gold in Paris Plus: A nifty, nasty weather app; Stephen King strikes again; and laughter in the slammer. For almost a century and a half, the San Francisco Bohemian Club, an elite gentlemen’s club in Lower... Read more ›
1
Omid Kordestani, a former top Google executive who served on Twitter’s board when Elon Musk bought the social network, is suing the company, alleging that Musk hasn’t paid out $20 million worth of shares. Kordestani’s lawsuit adds to a mountain of legal action filed against Musk and the ... Read more ›
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Shortly before Canyon Barry shipped out for the Paris Olympics to compete in 3×3 basketball, his co-workers at L3Harris Technologies, the U.S. defense tech giant, threw him a jubilant send-off. “A nice little ice cream party,” he recalled. For the occasion, the company commissioned custom T-shirts, showing a basketball orbiting the Eiffel Tower—a nod to the firm’s work with satellites. The banks of the Seine are practically overflowing with athletes... Read more ›
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Matt Calkins sees a parallel between the best board games and the best software. “What I like is efficiency, the simultaneous utilization of the time of everyone at the table,” said Calkins, founder and CEO of Appian, an enterprise software company. “I like a game with high throughput.” Calkins is the author of several award-winning board games, including the highly regarded Sekigahara: The Unification of Japan, which allows players to... Read more ›
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WeRide, a Chinese autonomous driving company, is getting ready for its U.S. public debut. The company is selling almost 6.5 million American depositary shares, priced between $15.50 and $18.50 each, it said in a U.S. Securities and Exchange Commission filing on Friday. The offering and ... Read more ›
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Susan Wojcicki, a longtime former Google executive, has died at 56 after battling cancer, according to CEO Sundar Pichai and a Facebook post from Wojcicki’s husband. She had five children. Larry Page and Sergey Brin worked on Google’s search engine in Wojcicki’s garage in Menlo Park, ... Read more ›
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Venezuelan president Nicolás Maduro signed an order to block the access of residents in the country to social media platform X for 10 days after Elon Musk criticized the recent presidential election. Venezuela’s electoral council in late July said Maduro won with 51% of the vote. The opposition ... Read more ›
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Networking equipment maker Cisco plans to lay off as many as 4,000 workers, or about 5% of staff, in a second round of layoffs this year as the company prioritizes areas like cybersecurity and artificial intelligence, Reuters reported. A Cisco spokesperson didn’t immediately have a comment. The ... Read more ›
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It’s Friday and lots of people are on vacation. That makes this an ideal time to dive into a really wonky subject—accounting. Fun! Don’t click away just yet. This is actually interesting. Two aging entertainment companies, Warner Bros. Discovery and Paramount Global, both chose this week to reveal multibillion-dollar write-downs of their businesses, an admission that their TV networks aren’t worth anything like what they used to be worth. What’s... Read more ›
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TikTok is testing a truism: Money talks. TikTok users in the U.S. who invite their friends to the app can now get steep discounts on goods, such as digital cameras and hair styling tools marked down to just a penny, as part of a promotion the ByteDance-owned company introduced in recent weeks. That builds on a referral scheme TikTok has been quietly running in other countries, such as Japan and... Read more ›
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In a new shakeup, Jeremy Bezdek, president of Freyr Battery’s U.S. division, has left the company, according to a person familiar with the situation. The unexpected move comes two months after CEO Birger Steen left the next-generation battery maker 10 months after taking the job. The move is surprising. Senior company executives did not disclose Bezdek’s exit during a call with Wall Street analysts Friday morning. But minutes later, CEO... Read more ›
49
Another bustling week in tech... and on More or Less. After taping this week's episode—which covers everything from why Instagram products are so expensive to my new podcast obsession—we all looked at each other and said, "What are we going to title this one?" I hope you enjoy and that it jogs some new ideas loose in these last weeks of summer. Apple Spotify YouTube Plus, please check out last... Read more ›
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In recent weeks, Democrats have relentlessly blistered Donald Trump and his running mate, J.D. Vance, using a straightforward message: They’re too weird to hold high office. If Trump and Vance are weird, imagine what the American public might make of Curtis Yarvin, 51, whose far-right thinking has influenced both Vance and, increasingly, members of the Silicon Valley right, including billionaires Peter Thiel and Marc Andreessen. Both Thiel’s Founders Fund and... Read more ›
0
A group of five U.S. senators introduced new draft legislation Thursday to ban imports of apparel and textiles under a controversial duty-free trade provision used by e-commerce giants like Shein and Temu. The proposed bill is the latest bid by lawmakers to crack down on the so-called de minimis ... Read more ›
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After winning a landmark antitrust case against Google on Monday, the U.S. Department of Justice won’t just seek to diminish the company’s lucrative alliance with Apple. In the next phase of the case, which involves meting out punishments for Google’s illegal monopoly, government lawyers are also likely to try to hamper the company’s effort to dominate the next version of search—conversational artificial intelligence—and make it easier for rival search providers... Read more ›
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Anthropic will pay hackers up to $15,000 for “jailbreaks” that bypass the artificial intelligence company’s safeguards and elicit prohibited content from its Claude chatbots. By inviting outside researchers to test its models, Anthropic hopes to identify problems the company couldn’t find on its ... Read more ›
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One of the internet’s corporate success stories of the past decade, Airbnb, is suddenly in need of an overhaul. Its stock plunged 11% this week—dragging it down 15% for the year—after executives acknowledged a slowdown among U.S. consumers had hurt its growth. The slowdown crystallizes a paradox about Airbnb’s performance. Its 11% expected growth rate this year is by far the lowest among a group of 14 consumer internet companies... Read more ›
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OpenAI said Thursday it has appointed Zico Kolter, a professor and director of the machine learning department at Carnegie Mellon University, to its board of directors. Kolter will also join the board’s safety and security committee, which is responsible for making recommendations on safety and ... Read more ›
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Global venture funding reached $23 billion last month, up 20% compared to July 2023, according to Crunchbase data. Judging from the numerous funding announcements that arrived in my inbox this morning, those increases look poised to continue. However, investors are wary a recession could hamper the turnaround.First the positives: Anduril just announced a new round of $1.5 billion at a $14 billion valuation including the investment, confirming Natasha’s scoop earlier... Read more ›
8
A group of top crypto executives talked with White House officials along with an advisor to Vice President Kamala Harris on a conference call on Thursday, giving their input as the Democratic presidential candidate formulates her policy stance on crypto issues. Industry executives outlined their ... Read more ›
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Most popular sources
Business Insider
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31% 1 |
Tech Wire Asia
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15% |
CNET
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7% 3 |
The Verge
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6% 2 |
Eurogamer.net
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5% 4 |
| View sources » | |
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25.11.2024 21:30
Last update: 21:25 EDT.
News rating updated: 04:20.
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