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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Meta Platforms’ latest open-source Llama model is competitive with leading conversational artificial intelligence models and the company expects future models to be the most advanced in the industry, CEO Mark Zuckerberg said in a blog post on Tuesday. Read more ›
0
Greetings from San Francisco, where unprecedented political chaos has forced venture capitalists into political debates.Last week, it seemed as if all of Silicon Valley had rallied behind former President Donald Trump. Now, Silicon Valley’s Democrats are becoming more vocal, with a candidate they can openly support in Vice President Kamala Harris. And as more techies throw their support behind her, things are bound to get tense between the venture capitalists... Read more ›
0
Are you having a brat summer? (I certainly am: I’m, literally, “so Julia,” as brat summer creator Charli XCX sings in her song “360,” referencing actress and model Julia Fox.) An outpouring of memes mentioning Kamala Harris on TikTok and X, formerly Twitter, might suggest that the vice president-turned-presidential candidate is having a brat summer, too. President Joe Biden’s decision not to seek re-election and his endorsement of Harris on... Read more ›
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Netflix co-founder Reed Hastings has given $7 million to a super PAC supporting Kamala Harris’s run for president. Hastings said it was his biggest donation ever in support of a single candidate. The gift comes less than a month after Hastings joined the chorus of major Democratic donors asking President Joe Biden to exit the presidential race after his disastrous debate performance in June. Hastings donated to the PAC on... Read more ›
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Shortly after Joe Biden dropped out of the presidential election Sunday, an employee at Meta Platforms posted in the company’s internal forum that Threads, its text app, was missing in action. “Biden dropped out 20 [minutes] ago and I can’t find anything on it in my feed,” the employee wrote in the post, which The Information viewed. When someone responded that Meta’s policy was not to recommend “civic” topics such... Read more ›
2
Alphabet’s net income surged 29% to $23.6 billion in the second quarter on 14% higher revenue,  reported 14% higher revenues in the second quarter even as its ad business showed signs of slightly weakening from the first quarter. YouTube’s ad growth slowed to 13% from 21% in the first ... Read more ›
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OpenAI has reassigned the executive in charge of ensuring that its artificial intelligence won’t harm society to a different role within its research organization, the company told staffers last week. The executive, Aleksander Mądry, set up OpenAI’s Preparedness team last year to evaluate AI models for “catastrophic risks” before making them available to the public, according to the company. Last week OpenAI leadership told employees that Mądry, who is also... Read more ›
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Meta Platforms on Tuesday released the largest version of Llama 3, its flagship open-source large language model, to date. Unlike other recently released models, it will not be able to handle images, video or speech, despite expectations that it would. The model released Tuesday, called Llama ... Read more ›
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NBCUniversal’s Peacock streaming service cut its losses sharply in the second quarter, to $348 million from $651 million a year earlier, on 22% higher revenue of $1 billion. Paid subscribers was 33 million, in line with the first quarter, executives said. The reduced losses ... Read more ›
0
Apple is working on a foldable iPhone that could be released as early as 2026 and in recent months reached out to suppliers in Asia to make components for the device, according to two people with direct knowledge of the matter. The phone would fold widthwise like a clamshell, the people said. That would make it similar to the Samsung Galaxy Z Flip, which was released in 2020. Read more ›
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Two children-online safety bills will be brought to a vote in the Senate this week by Senate Majority Leader Chuck Schumer, Axios reported Tuesday. Schumer’s office told Axios that he has secured enough support to pass the bills—the Kids Online Safety Act (KOSA) and the Children’s and Teens ... Read more ›
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Wiz has ended deal talks with Google after the tech giant offered to acquire the startup for $23 billion, Wiz told staff on Monday. The cybersecurity startup instead plans to pursue an initial public offering and aims to surpass $1 billion in annual recurring revenue this ... Read more ›
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On Monday, Cohere, a Canadian large language model developer, announced it had raised $500 million in a deal led by Canadian pension fund PSP Investments at a $5.5 billion valuation, confirming our report from March.That valuation isn’t cheap. Around the time of the investment, the startup was generating $35 million in annualized revenue, according to a person briefed on the financials. (Annualized revenue typically reflects last month’s revenue multiplied by... Read more ›
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Exchange-traded funds holding spot ether tokens begin first-day trading on Tuesday, after nine issuers including BlackRock, Fidelity, and Franklin Templeton received full approvals from the Securities and Exchange Commission. Ether, the second largest cryptocurrency, rose above $3,500 on Tuesday ... Read more ›
2
Shoppers these days have a wide range of drink options to choose from, from probiotic kombucha to lychee-flavored sparkling water, thanks to an investment boom in beverage startups three years back. As welcome as that may be for parched consumers, the flood of new drink options is turning into a headache for young drink companies such as Recess, which sells beverages and supplements that promise to aid relaxation, and Sanzo,... Read more ›
0
AMD President Victor Peng will retire at the end of August, the company said in a statement Monday. Peng, who previously was the CEO of Xilinx, became AMD’s president two years ago when AMD acquired Xilinx in a $35 billion deal. Before the deal, Xilinx had provided specialized chips for ... Read more ›
0
Wiz has ended deal talks with Google after the tech giant offered to acquire the startup for $23 billion, Wiz told staff on Monday. The cybersecurity startup instead plans to pursue an initial public offering and aims to surpass $1 billion in annual recurring revenue this ... Read more ›
1
After the weekend excitement over presidential politics, we’re getting back to business. And here’s a notable nugget from Verizon’s quarterly earnings today that should be of interest to Apple shareholders and other iPhone watchers: The number of Verizon subscribers upgrading their phones fell 13% in the quarter compared to a year earlier.That decline followed a 21% drop in the first quarter. And this isn’t just Verizon: Both T-Mobile and AT&T... Read more ›
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In an unexpected reversal, Google on Monday said in a blog post that it would no longer phase out cookies, trackers that websites use to follow people as they browse the internet so they can target them with ads and other services, on its ubiquitous Chrome browser. The change is a win for a ... Read more ›
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Plans for a new city 45 miles from San Francisco by a group that includes prominent tech executives and investors are on hold for at least two years. California Forever, the group behind the plan, and the Solano County Board of Supervisors said in a joint statement that they would delay a ... Read more ›
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Most popular sources
Business Insider
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31% 0 |
Tech Wire Asia
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14% |
Gizmodo
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6% 0 |
The Verge
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5% 0 |
CNET
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5% 4 |
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26.11.2024 10:41
Last update: 10:35 EDT.
News rating updated: 17:34.
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