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 âș
0
Ryan Selkis, the founder of crypto analytics firm Messari, said he is stepping down from his CEO role and transitioning to a senior advisor, after making a series of tweets attacking opponents of Donald Trump. Selkis said on X Friday that his politics and rhetoric has put his team in harm. ... Read more âș
0
Parisa Sadrzadeh, a key Flexport executive overseeing the companyâs fulfillment business, has left the company, a Flexport spokesperson confirmed Friday. Flexport, which had focused mainly on ocean and air freight, bought most of Shopifyâs fulfillment arm last summer, touting the deal as a way ... Read more âș
0
CrowdStrike stock fell 9% on Friday morning, after a flawed software update by the cybersecurity firm triggered a major global tech outage that affected banks, airlines, broadcasters and other businesses. CrowdStrikeâs faulty update caused Windows computers around the world ... Read more âș
0
Former President Donald Trumpâs reaction to being shot was âbadass,â Meta Platforms CEO Mark Zuckerberg told Bloomberg in an interview. But Zuckerberg said he wouldnât endorse either Trump or President Joe Biden and that he was not planning to play âa significant roleâ in the upcoming election. ... Read more âș
0
When venture capitalist Jack Abraham first began dating his wife, Gabriella Massamillo, he insisted on one condition: that when they were ready to have children, sheâd be willing to conceive using in vitro fertilization. Abraham had lost both his mother and his aunt at a young age to ovarian cancer, linked to a rare mutation in their BRCA-1 genes. As a carrier of the mutation, he didnât want to leave... Read more âș
45
Former President Donald Trumpâs reaction to being shot was âbadass,â Meta Platforms CEO Mark Zuckerberg told Bloomberg in an interview. But Zuckerberg said he wouldnât endorse either Trump or President Joe Biden and that he was not planning to play âa significant roleâ in the upcoming election. ... Read more âș
6
Crypto trading firm Wintermute Trading is in talks with Chinese internet giant Tencent Holdings and others to raise money at a valuation of about $2 billion, according to investors with knowledge of the process. The deal talks are in flux and details still need to be finalized, the investors ... Read more âș
0
It wasn't so long ago that being a supporter of Donald Trumpâs presidential candidacy in Democrat-leaning Silicon Valleyâor even having a loose affiliation with himâwas the kind of thing that earned you dirty looks, a pink slip from an employer and stern advice to rethink your life choices. In 2016, Reed Hastingsâthe Netflix co-founder and a prominent backer of Democratsâtold his fellow Facebook board member, Peter Thiel, that he was... Read more âș
3
An update by cybersecurity firm CrowdStrike triggered a major global tech outage that affected banks, airlines, broadcasters and other businesses, CNBC and other news outlets reported. CrowdStrikeâs faulty update caused Windows computers around the world to crash, with ... Read more âș
0
Broadcom shares rose 3% Thursday after The Information reported that the chip designer was talking to OpenAI about developing a new server chip for artificial intelligence. OpenAIâs chip team is led by a former member of a Google team that worked with Broadcom to make Googleâs tensor processing ... Read more âș
66
Forget presidential politicsâletâs talk about the third season of âBridgerton.â The fun series about romance in quasi-Regency London was a big draw for Netflix in the second quarter, the video-streaming service noted today as it reported another solid quarter. Revenue rose 17% year on year, subscriber numbers grew about the same and its cash piled up. All good? For the moment. But Netflix warned that its growth will slow a... Read more âș
0
Wintermute Trading, the crypto trading firm that has become a dominant market marker since the collapse of FTX, has been in talks to raise fresh money in a funding round, according to investors with knowledge of the process. The firm has been discussing a share sale of $100 million, with some of that money going to existing shareholders. Wintermute will also issue new shares, the people said, although the amount... Read more âș
11
Amazonâs move to make ads within Prime Video the default for customers who donât pay extra upended the streaming TV advertising market earlier this year. Lately Iâve been hearing more about the repercussionsânamely that this surge of ad inventory will hurt TikTokâs ability to win some of the ad dollars slated for TV and streaming services. Advertisers have found themselves awash with tons of new video ad inventory that appears... Read more âș
0
One of the top executives Netflix hired to lead its advertising business is leaving the company. Peter Naylor, Netflixâs vice president of ad sales, came to Netflix in August 2022, a few months before it launched its ad-supported subscription tier. Netflix is now hiring for a head of U.S. and ... Read more âș
0
Even with a dormant market for initial public offerings, shareholders in mature and highly valued startups still have been able to cash out if their startups are growing at a rapid clip. Theyâve had the opportunity to sell shares in secondary rounds at fast-growing Figma, Databricks, Canva and Scale AI. Some investors are getting the chance to cash out of Stripe, whose revenue grew 35% in the third quarter, courtesy... Read more âș
0
Mei Cai, who led the team that developed the next-generation battery powering General Motorsâ electric vehicles, has resigned, the company confirmed Thursday. The move comes five months after GM hired Kurt Kelty, a Tesla veteran, to run its battery development efforts as vice president of battery. The China-born Cai, a 24-year GM veteran and director of the companyâs battery cell systems research, led the team that in a joint venture... Read more âș
5
Netflixâs revenue growth accelerated to 17% in the second quarter, from 15% in the first quarter, as it lifted its subscriber count to 277.65 million, from 269.6 million in the first quarter. But the company forecast that revenue growth would slow to 14% in the third quarter, sending ... Read more âș
0
Last year, as the worldâs top artificial intelligence developers were racing to speed up their work using ever-bigger clusters of computers, OpenAI CEO Sam Altman was trying to play a longer game. He decided to start a new company that could develop and produce a new AI chip and help set up chip factories to make them and data centers to house them. His plan has taken numerous twists and... Read more âș
24
OpenAI on Thursday released a smaller, cheaper version of its flagship GPT-4o large language model that could help developers of artificial intelligence apps to cut costs. It could also help lower OpenAIâs own costs of running the AI. OpenAI claimed the new model, GPT-4o mini, outperforms rivals ... Read more âș
0
Altimeter Venture Partners, the venture capital affiliate of investment firm Altimeter Capital Management, has raised $552.6 million for its seventh fund, according to a securities filing. The investment vehicle is targeting a $750 million total. Fundraising talks have been occurring since last ... Read more âș
0
Most popular sources
Business Insider
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31% 2 |
Tech Wire Asia
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13% |
Gizmodo
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6% 1 |
CNET
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6% 2 |
Wired
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5% 0 |
| View sources » | |
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26.11.2024 12:26
Last update: 12:21 EDT.
News rating updated: 19:22.
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