OpenAI is betting big on ChatGPT, which is generating at least $4 billion in annualized revenue. But that’s not the only application the AI firm is hoping will make big bucks. If you saw our story last month detailing OpenAI’s financial projections, you might have noticed an intriguing reference to revenue expected to come from another type of application: Agents.The term “agents” typically refers to AI that can take actions... Read more ›
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Walmart reported solid third-quarter numbers today, driving home what’s surely a sore point for Jeff Bezos: No matter how hard Amazon tries, it can’t conquer Walmart.The Arkansas retailer’s revenue grew 5.5% to $169.6 billion, and the company showed optimism about the holiday season by raising its full-year sales forecast. Investors are happy with the results—Walmart’s shares closed up 3% on Tuesday. So far this year the stock has rallied 63%,... Read more ›
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President-elect Donald Trump said Tuesday he will nominate Cantor Fitzgerald CEO Howard Lutnick to lead the Commerce Department. The crypto industry has been eager to see what role Lutnick will play once Trump takes office. The billionaire Wall Street executive has been a vocal crypto ... Read more ›
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Good afternoon from Las Vegas, where I’m writing this newsletter from a hotel room with a Strip view of the Encore, the hotel where bankers, investors and tech executives will slide from meeting to meeting at Goldman Sachs’ annual private tech confab. Say hi if you’re there. (I’ll be one of the many bald guys roaming around, but I’m younger than average and have a mustache and wire-rimmed glasses.) The... Read more ›
1
Microsoft has struck a deal with HarperCollins to use the publishers’ books to train new artificial intelligence models, Bloomberg first reported on Tuesday. Microsoft is reportedly planning to use nonfiction books to train a new AI model that has not yet been released. The news follows similar ... Read more ›
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Walmart’s e-commerce business grew 27% in the third quarter, the company reported Tuesday. The retailer also raised its full-year revenue guidance, indicating optimism about holiday sales. On a call with analysts, Walmart chief financial officer John Rainey said e-commerce sales accounted for ... Read more ›
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Apple has started selling its own ads on Apple News as a deal with its longtime ad sales partner NBCUniversal expires at the end of the year, according to Axios. Apple is also pitching new ad units to boost revenue for the news app. This includes sponsorships of coverage of top events such as ... Read more ›
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Companies like YouTube, Snap and Quibi have all tried to make short original shows on social media work. Now, a second wave of attempts is coming. As Juro and I reported, TikTok is now considering adding TV-like dramas with minutes-long episodes, which have proven popular on its Chinese sister app Douyin. Read more ›
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Meta Platforms hired Clara Shih from Salesforce to run a newly created group building artificial intelligence tools for businesses. Shih, who quit as CEO of Salesforce AI last week, announced her hiring in a post on LinkedIn. The creation of the team and Shih’s hiring is a big step forward in ... Read more ›
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The Information is pleased to announce the hiring of three new reporters—Sara Germano, Sri Muppidi and Catherine Perloff—as well as the return of veteran reporter Kevin McLaughlin. Sara Germano will join The Information’s Weekend section from the Financial Times on Dec. 2, covering the business and future of sports—with a strong focus on women’s sports. Germano is a veteran of this coverage. After attending Fordham University, she started working for... Read more ›
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Techies know well that coaxing a large language model to give you a good answer can feel a bit like tricking a toddler. Developers have been known to write, “if you don’t give me the correct answer, I will be fired” in their prompts—successfully. That led to “prompt engineering,” a side hustle for techies who wanted to make easy money by writing and improving prompts for LLMs. Now, a host... Read more ›
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Microsoft will soon begin selling its first-ever desktop PC, the company said Tuesday. The $349 device, called the Windows 365 Link, is meant for enterprise customers and streams Windows from Microsoft’s cloud servers, rather than running the operating system on-device. The new device shows how ... Read more ›
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The media sector is a no-no for most investors. The exception is sports. As big investors including Ares Management, Apollo Global Management and RedBird Capital Partners pour money into sports teams and leagues, a spate of media startups is emerging to both cover the culture of sports and stream some games. Read more ›
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In tech, the story is going to be very much about the haves and have-nots over the next four years. Some tech firms will have juice with Donald Trump and some won’t. Trump’s Sunday night announcement that Brendan Carr will lead the Federal Communications Commission is more bad news for Meta Platforms, which increasingly looks to be one of the biggest tech losers in the Trump victory. Carr has been... Read more ›
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President-elect Donald Trump’s Trump Media & Technology Group is in advanced talks to buy Bakkt, the crypto marketplace backed by the parent company of the New York Stock Exchange, in an all-share deal, the Financial Times reported. Shares of Bakkt surged 162% on Monday after the ... Read more ›
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The Department of Justice will ask a federal judge to force Google to sell its Chrome browser to address its illegal search monopoly, Bloomberg reported on Monday. The Justice Department will also ask the judge, Amit Mehta, to force Google to license its search engine data and stop bundling its ... Read more ›
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OpenAI’s loss of Chief Technology Officer Mira Murati and safety systems chief Lilian Weng has galvanized concern among some of the remaining women at the firm that the management isn’t doing enough to promote and retain women, two people who have worked at the ChatGPT maker said. One female staffer circulated a memo to other women arguing that managers should do more to ensure that women and nonbinary staff who... Read more ›
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ServiceTitan, which sells software to help tradespeople such as plumbers, electricians and landscapers run their businesses, filed paperwork for an initial public offering. The filing showed that the company’s revenue grew 31% to $614 million in the 12 months to January 2024 but lost $195 ... Read more ›
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Design software firm Canva has hired Zoom Video’s longtime finance chief, Kelly Steckelberg, as its chief financial officer, filling a 10-month vacancy in which the company prioritized picking an executive who had taken a fast-growing company public. The hiring is important for Canva’s ability to go public, although its co-founder in an interview said the company preferred to stay private in the near term to make product investments public investors... Read more ›
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Warner Bros. Discovery and the NBA have resolved their legal dispute over the league’s new TV and streaming live sports rights. In return, WBD and NBA have agreed to a new 11-year deal where WBD will get access to NBA game highlights and other content for its digital platforms, live sports ... Read more ›
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Goldman Sachs announced that it plans to spin off its digital-asset platform so that it will be “industry-owned” in order to drive adoption. The platform, called GS DAP, which went live in early 2023, allows financial firms to create, trade and settle traditional assets such as bonds on ... Read more ›
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Most popular sources
Business Insider
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61% 0 |
Wired
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14% 7 |
Gizmodo
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7% 0 |
Vox
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2% 1 |
Tom's Hardware
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2% 1 |
| View sources » | |
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13.03.2025 02:38
Last update: 02:26 EDT.
News rating updated: 08:30.
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