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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Warner Bros. Discovery has elected to match one of the offers for the NBA’s new rights deals, setting the stage for a legal battle between the sports league and one of its oldest partners. Last week, the NBA’s Board of Governors approved a new rights package with Disney’s ESPN, Comcast’s ... 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 ›
2
Magazine giant Condé Nast has sent a cease-and-desist letter to artificial intelligence search engine Perplexity, demanding that it stop using content from Condé Nast publications in its search results, according to a copy of the letter obtained by The Information. Condé Nast’s publications include The New Yorker, Vogue and Wired. The legal demand from Condé Nast comes a month after Forbes sent a similar letter to Perplexity, accusing it of... Read more ›
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Canadian model developer Cohere announced on Monday that it has raised $500 million in funding at a $5.5 billion valuation, in a round led by Canadian pension fund PSP Investments and including Canada’s export credit agency EDC, AMD Ventures. The announcement confirms earlier reporting by The ... Read more ›
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Silicon Valley VCs don't exactly have the best rep when it comes to putting causes like helping the environment or fixing income inequality ahead of financial returns and technological advancements.But the artificial intelligence boom has forced these investors to focus on clean power. More sources of renewable energy are necessary to power data centers employed by tech giants and AI startups to train large language models.And as last week’s piece... Read more ›
9
Amazon said Monday that it had acquired Bray Film Studios, a production facility outside London where the company most recently shot the second season of the Prime Video series “The Lord of the Rings: The Rings of Power.” Amazon did not disclose how much it paid for the facility, which includes ... Read more ›
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Reddit, known for its chat forums on everything from Proust to Wall Street stocks, is going big on sports. The newly public social media company has struck deals with sports leagues including the NFL, NBA and MLB to get videos and other content for its social media site, according to Reddit’s chief operating officer, Jen Wong. Reddit will use the content to draw advertisers and then share the revenue it... Read more ›
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Temu has opened up its platform to European sellers, as the Chinese bargain-shopping site ramps up offering of locally shipped products in an intensifying rivalry against Amazon. Since last week, merchants who have corporate entities registered in Europe and who hold European passports can apply ... Read more ›
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Nvidia is working on modifying its latest artificial intelligence chips to comply with U.S. export controls for China, Reuters reported. In response to the multiple rounds of U.S. rules on semiconductor exports to China, Nvidia has been taking proactive steps to develop chips tailored for this ... Read more ›
0
Biden’s sudden departure from the presidential race sparked intense chatter this afternoon about his successor. Techies don’t seem to be of one mind (not surprisingly), but a good number seem to be backing Kamala Harris, whom Biden himself endorsed.According to several of my colleagues, who’ve been checking in with tech people today, some people see Harris as a moderate on many bread-and-butter issues, while she’s progressive on issues like reproductive... Read more ›
51
Former President Donald Trump took aim at the Biden administration’s policies on electric vehicles, signaling changes if he is re-elected. In his speech accepting the Republican nomination for president Thursday night, Trump said he would “end the electric vehicle mandate on day one.” The ... Read more ›
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President Joe Biden dropped out of the presidential race on Sunday, and endorsed his vice president Kamala Harris to be the nominee. Biden’s decision followed after weeks of intensifying pressure from a range of powerful Democrats. In a letter posted on X, Biden said that it was “in the ... Read more ›
0 newcommer
President Joe Biden dropped out of the presidential race on Sunday, after weeks of intensifying pressure from a range of powerful Democrats. His decision leaves open the question who will replace him as the Democratic candidate to take on former president Trump. In a letter posted on X, Biden ... Read more ›
0
Welcome, Weekenders! In this newsletter:Dawn of the Silicon Valley superbabyNew tech mogul must-have: a Jensen jacket Plus: A witty, extremely online weatherman; the ladies at Luxor; and Nicolas Cage goes Hannibal.Elon Musk is pledging to leave California—and to take his companies with him. As with many Musk declarations, his vow seems more performative than substantive. On Tuesday, Musk said he planned to relocate SpaceX’s and X’s headquarters from the Golden... Read more ›
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A statement leather jacket is arguably one of the most fundamental pieces in any wardrobe. Just ask Jensen Huang. It’s close to impossible to find a photo of the Nvidia CEO from the last decade in anything other than a black classic zip-up or a more lightweight café racer-style jacket. He occasionally gets a little more adventurous—and recently was spotted in what appears to be a lizard-embossed jacket from Tom... Read more ›
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Venture capitalist Michael Moritz, the former leader of Sequoia Capital and a top Democratic donor, has joined growing calls for President Biden to step out of the 2024 presidential race. Moritz said that Biden must choose between “vanity or virtue” in an email to The New York Times, which ... Read more ›
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Parisa Sadrzadeh, a key Flexport executive overseeing the company’s fulfillment business, is leaving the company, a Flexport spokesperson confirmed Friday. Flexport, which had focused mainly on ocean and air freight, bought most of Shopify’s fulfillment arm last summer, touting the deal as a way ... Read more ›
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The massive computer outage on Friday that grounded airlines and caused other kinds of havoc around the world won’t do anything for the public’s trust in tech. And it’s certainly bad news for CrowdStrike, which otherwise has been a highflier in cybersecurity. CrowdStrike stock dropped 10% today. For more on that episode, see our story here.On a different subject entirely, news out this week shows just how much the killer... Read more ›
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CrowdStrike has long dominated the market for cloud-based software meant to protect customers’ networks from hackers, known as endpoint detection. But a botched software update on Friday that brought businesses from airlines to banks to a screeching halt may loosen the $74 billion market capitalization company’s grip on those customers. Several Fortune 100 corporations are considering switching to other antivirus software vendors, according to a chief information security officer at... Read more ›
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Early in this episode, Dave raised an interesting question: Why is it that many of the tech leaders who support Trump worked at PayPal? This week, the gang shares what we are hearing through the backchannels about this fascinating moment. I hope you enjoy. Apple Spotify YouTube Read more ›
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Most popular sources
Business Insider
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28% 3 |
Tech Wire Asia
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15% |
CNET
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6% 3 |
Gizmodo
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6% 0 |
The Verge
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5% 0 |
| View sources » | |
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26.11.2024 10:39
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