The new Trump administration is shaping up to be quite friendly to TikTok and its hopes of survival in the U.S. The latest development: President-elect Donald Trump on Wednesday announced he wants to appoint Republican representative Matt Gaetz from Florida as his attorney general. Read more ›
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Amazon plans to end its Amazon Fresh grocery delivery service in Germany, the e-commerce company’s second largest market, a spokesperson confirmed Wednesday. It’s the latest example of Amazon pulling back on its own grocery delivery services and relying more heavily on partnerships with other ... Read more ›
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Meta Platforms plans to introduce advertisements to its microblogging app Threads early next year, The Information reported. Threads plans to launch the effort by allowing a small number of advertisers to create and publish ads on the app starting in January. Meta’s leaders in the past have said ... Read more ›
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The number of Americans who say they use Elon Musk’s X platform has dropped slightly in the past couple of years, while usage of Meta’s WhatsApp has grown, according to a survey released Wednesday by the Pew Center. The survey was conducted between February and June of this ... Read more ›
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President-elect Donald Trump on Wednesday said he will nominate Matt Gaetz as attorney general, putting forward a congressman who has previously called for the breakup of big tech companies, supports Federal Trade Commission Lina Khan and opposed passage of the law that could ban TikTok in ... Read more ›
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The Federal Trade Commission’s bid to break up Meta Platforms moved a step forward Wednesday after a judge in Washington ruled the case will go to trial. The FTC sued Meta in 2020, accusing the company of gaining an illegal monopoly over social media through its acquisitions of Instagram and ... Read more ›
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OpenAI is planning to release new artificial intelligence in January that can take actions on behalf of people, such as booking travel or writing code, according to a Bloomberg report. The Information first reported in February on OpenAI’s work on such software, known as computer-using agents. ... Read more ›
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OpenAI said Wednesday it had shared information with U.S. government officials about how to build a data center for artificial intelligence that is five times larger than any data center that’s currently being developed. The AI firm’s top policy executive, Chris Lehane, said at an event in ... Read more ›
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Google has recently struggled to achieve performance gains in its Gemini conversational artificial intelligence at the same rate it did last year, prompting researchers to focus on other ways to eke out gains, according to an employee who has been involved in the effort. The situation appears similar to the slowdown in AI advances that rival OpenAI has experienced this year, which spurred the ChatGPT owner to use new techniques... Read more ›
3
Greg Maffei, the veteran dealmaker atop John Malone’s Liberty empire of media and commerce companies, is stepping down as CEO of Liberty Media Corp at the end of the year. Malone, who is 83, will become interim CEO. Maffei, who has run Liberty since 2005, is leaving after a series of deals in ... Read more ›
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Meta Platforms plans to introduce advertisements to its text app, Threads, early next year, hoping to cash in on the app’s rapid growth, according to three people with direct knowledge of the company’s plans. A team inside Instagram’s advertising division is leading the effort, which is still in the early stages, the people said. Threads is planning to kick off the effort by letting a small number of advertisers create... Read more ›
3
Installment lender Klarna has filed confidentially for a U.S. initial public offering, the company announced Tuesday. The number of shares and the pricing for the potential offering have not been set, Klarna said. Klarna was valued as high as $46 billion in 2021, amid a surge in e-commerce and ... Read more ›
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Ex-Walmart executive Marc Lore’s food delivery company, Wonder, plans to acquire Grubhub in a deal valued at $650 million including debt, the companies said Wednesday. Wonder is paying $150 million in cash and will assume $500 million in Grubhub debt, and expects to complete the ... Read more ›
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Andy Gossett, the owner of surfing accessories and apparel brand Cor Surf, is planning an unusual strategy this holiday season: dialing back on discounts ahead of the key Black Friday and Cyber Monday shopping period. Cor, which makes most of its products in China and sells on Amazon, its own site and through retailers, is trying to keep more inventory than normal on hand ahead of January, when President-elect Donald... Read more ›
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OpenAI and other artificial intelligence developers are scrambling to keep up with Elon Musk’s xAI startup in setting up data centers to develop new AI models. Among their tactics: flying a plane over his brand new Memphis AI datacenter so they can scrutinize how it was developed and powered, as I reported this morning. Now I’m hearing growing concern that some of the other AI datacenter projects being developed around... Read more ›
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Amazon has launched its Temu-like discount storefront under the name “Haul.” As of Wednesday morning, the storefront was visible on mobile in beta to some U.S. shoppers, offering items like $3 handbags and $14 pajama sets. The launch of Haul comes after a yearslong debate inside Amazon about how ... Read more ›
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On a sunny day last month, a propeller plane made multiple passes in the air over a large industrial building surrounded by grassy fields near downtown Memphis, Tenn., as its passengers snapped photographs and videos of the facility. It was a secret reconnaissance mission. Elon Musk had recently converted the building from a former manufacturing plant for home appliances into a data center that housed one of the largest clusters... Read more ›
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Chinese tech giant Tencent said its net profit rose 47% in the third quarter, as its videogame business in China recorded solid growth. Tencent’s total revenue in the quarter rose 8% year on year. Revenue from the videogame business in China rose 14% in the quarter, compared to a 9% ... Read more ›
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Rajeev Misra will step down as co-CEO of Japanese investment company SoftBank’s Vision Fund, the company announced on a call with investors Tuesday. Upon Misra’s departure, co-CEO Alex Clavel will become sole CEO of the giant startup fund. Misra helped raise the $100 billion fund in 2017 from ... Read more ›
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Forward, a startup that raised $400 million to operate artificial intelligence-powered “doctor in a box” healthcare stations, is shutting down effective Tuesday, according to a person close to the company. All of its nearly 200 employees will lose their jobs, the person said. The San Francisco startup, started in 2017 by former Google employee Adrian Aoun, wanted to make healthcare visits more accessible with staffed clinics and automatic services. It... Read more ›
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Most popular sources
Business Insider
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27% 12 |
Financial Times
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14% 13 |
The Verge
|
13% 9 |
Tom's Hardware
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5% 1 |
CNET
|
5% 3 |
| View sources » | |
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23.11.2024 15:48
Last update: 15:40 EDT.
News rating updated: 22:41.
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