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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Google recently has been in talks to acquire Wiz, a four-year-old cybersecurity startup, for around $23 billion, two people with knowledge of the deal said. The deal could still fall apart over negotiations about earnouts—payments Wiz employees would receive based on future performance of ... Read more ›
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It’s not often that every major tech leader agrees on the same thing, especially when it comes to a figure as divisive as Donald Trump. But it was hard to find one of them who didn’t publicly express a concern for Trump’s well-being in the wake of the shooting at a rally in Pennsylvania, now under investigation as an assassination attempt aimed at the Republican candidate for president. Apple’s Tim... Read more ›
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Google is in talks to acquire Wiz, a four-year-old cybersecurity startup, for $23 billion, the Wall Street Journal first reported Sunday. The deal would be Google’s largest acquisition ever and would be a significant premium to Wiz’s $12 billion valuation as of its most recent funding round in ... Read more ›
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Elon Musk gave his full-throated backing to Donald Trump in his reelection campaign for the U.S. presidency, announcing his support after an incident in Pennsylvania that is being investigated as an assassination attempt on Trump. “I fully endorse President Trump and hope for his rapid recovery, ... Read more ›
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Welcome, Weekenders! In this newsletter:A tale of a remarkable Silicon Valley marathon The very finest fellowships for tech moguls Plus: Hasan Minhaj’s digital reinvention; a funny dog story; and a beachside riddle. Nimona and Ballister Boldheart seem unlikely to secure a place among cinema’s most remembered pairings of animated characters. Honestly, what a damn shame.The pair form the heart of last year’s very charming film “Nimona,” which is based on... Read more ›
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Picture this: A founder of a buzzy Silicon Valley startup, a top Wall Street executive and the head of a world-changing nonprofit walk into a bar. No, it’s not the setup for a joke. It’s the type of everyday happening that participants in high-profile programs like the Aspen Institute’s Henry Crown Fellowship and the Forum of Young Global Leaders enjoy. The five fellowships spotlighted below are not junkets or extended... Read more ›
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Chicago-based commercial real estate firm Jones Lang LaSalle has been hired to sublease excess space from the headquarters of X, formerly known as Twitter, at 1355 Market St. and all of the attached building, 1 10th St., according to a spokesperson from Jones Lang LaSalle. The San Francisco ... Read more ›
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You have to hand it to the European Commission—they’re doing a great job innovating on regulation. Take today’s announcement that Elon Musk’s X may be in breach of the Digital Services Act, partly because Musk has devalued the blue checkmark by making it available to anyone who pays. What regulator has previously gone after a company for screwing up its own products?European Commission official Thierry Breton is surely correct in... Read more ›
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The Securities and Exchange Commission is removing a key obstacle that has been standing in the way of banks offering crypto-related services. It has begun waiving a requirement that banks and brokers report crypto assets under custody as liabilities on their balance sheet, in cases where they ... Read more ›
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What a surprise this week when Brit and Dave turned the tables and grilled me about PR and my advice for companies and investors who want to—or have to—deal with the press. It is quite an interesting time in the press vs. corporate relationship, and I hope my tips were useful. Plus, of course, more on the latest silly summer tech sport. Apple Spotify YouTube Read more ›
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Ticketing app StubHub decided to delay its planned summer initial public offering until after Labor Day, the Wall Street Journal reported. The company has been hoping for a $16.5 billion valuation, but that may be too far of a reach for some investors. StubHub has benefitted from a boom in ... Read more ›
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The European Union’s AI Act, a wide-ranging framework for regulating applications of artificial intelligence, was published in the bloc’s Official Journal on Friday, starting a countdown for when its rules will begin to be enforced. The new law will officially come into effect on Aug. 1. By ... Read more ›
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The Securities and Exchange Commission has exempted some large banks from a crypto accounting guidance, potentially removing a hurdle to them from offering digital-assets related services, Bloomberg Law reported Thursday, citing an unnamed SEC person. The SEC accounting guidance—staff ... Read more ›
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Hackers broke into AT&T’s systems and stole call and text logs of “nearly all” of its cellular customers, the company said on Friday, blaming a breach of Snowflake’s cloud service for the hack. The stolen data includes records of which phone numbers called or texted other phone numbers and ... Read more ›
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While running a half-marathon in Philadelphia a few years ago, Courtney Kitchen noticed another woman near her running roughly her pace: She seemed like she’d make a great training buddy. But there wasn’t an opportune moment for the pair to exchange phone numbers at the race, so later that day, Kitchen opened Strava, the popular fitness-tracking app, and browsed through its Flyby feature, which allows users to see other athletes... Read more ›
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Meta Platforms plans to release the largest version of its open-source Llama 3 model on July 23, according to a Meta employee. This version, with 405 billion parameters, or the “settings” that determine how AI models respond to questions, will also be multimodal, meaning that it will be able to ... Read more ›
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A recovery in Wall Street dealmaking has reversed a recent lull in investment banking fees and helped boost earnings at large U.S. banks. JPMorgan’s second-quarter profit rose 25% to a record $18.1 billion, the bank reported on Friday. The result was driven by a $8 billion accounting gain ... Read more ›
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Amazon has added its shopping chatbot, Rufus, to its mobile app, making it available to all U.S. customers, the company said Friday. The chatbot can compare products, answer questions about items and summarize customer reviews. It can also answer questions about orders, such as what day items ... Read more ›
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The European Commission has issued a preliminary finding that Elon Musk’s X service, formerly known as Twitter, is in breach of the Digital Services Act, a finding which could lead to big fines. The commission said X’s “Blue Checkmark” system to signal a “verified ... Read more ›
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In late June, roughly 300 people—many of them founders, venture capitalists and other techies—piled into a windowless room on a Thursday night in a church in downtown San Francisco. Some were at Epic Church San Francisco to worship, while others privately admitted they were angling for an introduction to one of the people preaching that evening: Trae Stephens, a general partner at Founders Fund and co-founder of Anduril, a maker... Read more ›
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Most popular sources
Business Insider
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30% 1 |
Tech Wire Asia
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14% |
The Verge
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7% 1 |
Gizmodo
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6% 0 |
Wired
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6% 2 |
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26.11.2024 14:45
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News rating updated: 21:42.
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