Things have never been better for Shopify. The e-commerce firm’s stock is trading near all-time highs. And a recent deal with OpenAI has put Shopify in a position to capitalize on AI-fueled shopping by easily allowing its merchants to sell products through ChatGPT. And yet Shopify is seeing the kind of executive turnover normally associated with companies that are struggling. Read more ›
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New Zealand-based accounting software company Xero will pay $2.5 billion to acquire Melio, a New York startup that sells bill payments software to small and medium-sized businesses, as part of Xero’s U.S. expansion strategy, the companies announced Tuesday. Melio investors will receive a mix of ... Read more ›
0
Waymo on Tuesday opened its robotaxi service to the public in Atlanta, offering rides in a 65-square mile area exclusively through the Uber app. Waymo previously offered rides in the city, but just for people who signed up for early access. Atlanta is the second city where Waymo is available ... Read more ›
0
Welcome to summer, particularly for those in cities like New York that are enduring 100-degree temperatures today. And it was hot in a different sense on Wall Street, where all those worries about tariffs seem to have faded into the background, judging by the recent stock market frenzy. The Nasdaq 100 index, for instance, rose 1.5% on Tuesday to hit a new record. Yippee!The market is doing so well that... Read more ›
2
The market for initial public offerings has thawed a bit so far this year. But don’t forget about deals going the other way—software companies going private again, relatively soon after their IPOs. Bankers say they are talking to software companies that have struggled since their IPOs about going private again. Some of these boomerang stocks will be leaving the market for the second time. The biggest such take-private so far... Read more ›
2
Walmart is adding more small retail warehouses, Bloomberg reported, as it looks to speed up delivery times and better compete with e-commerce rivals like Amazon. The facilities will be so-called “dark stores” that are closed to the public, according to the report. One of the warehouses is ... Read more ›
0
YouTube may already be a behemoth in advertising, but a lot of the video giant’s attention lately has been on its subscription products. In fact, earlier this year YouTube leaders were considering hiring for a new role that could be in charge of all subscription products, as I reported on Monday. (A YouTube spokesperson declined to comment.)It’s not hard to see YouTube moving in this direction at some point. Current... Read more ›
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Polymarket, the world’s largest prediction market, is finalizing a deal to raise more than $200 million at a valuation of more than $1 billion, The Information reported Tuesday. Peter Thiel’s Founders Fund, an existing investor, is leading the round. Founded in 2020 by CEO Shayne Coplan, ... Read more ›
0
Cybersecurity company Snyk announced today that it has acquired Swiss AI security research startup Invariant Labs for an undisclosed price. Invariant Labs, founded in 2024, develops tools to build secure and reliable AI agents. It was founded by ETH Zurich researcher Marc Fisher and hasn’t ... Read more ›
0
Buyers of artificial intelligence often need help figuring out which AI models are best at handling a particular task.Kinesso, the tech arm of advertising giant IPG, has been evaluating ways its parent company can use large language models to generate marketing-related text. By now, Kinesso and other AI buyers have become acquainted with telltale signs that a text was generated by AI, including lists of threes, words such as “delve,”... Read more ›
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OpenAI has been gearing up to take on Google and Microsoft with features that let people collaborate on documents and communicate via chat in ChatGPT, according to two people who have seen the designs. Launching these features would pit OpenAI more directly against Microsoft, its biggest shareholder and business partner, as well as open a new front in its battle with Google, whose search engine has already lost traffic to... Read more ›
0
For junior investment bankers working 100-hour weeks, artificial intelligence can take care of the grunt work—up to a point. Interviews with half a dozen junior bankers suggest many Wall Street banks have leaned into using AI to help streamline their most menial tasks, including basic research such as asking a chatbot for public financials or an executive’s bio, trimming five or so hours of work per week. Still, the technology... Read more ›
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Before we get to the column, I’d recommend you check out this story Erin, Rocket and I published on Monday about what sorts of products Thinking Machines Lab, the AI startup founded by ex-OpenAI Chief Technology Officer Mira Murati, is looking to build. It gives a sneak peek into how Murati plans to catch up with OpenAI and other AI rivals, bolstered by its monster $2 billion fundraise.Now, onto today’s... Read more ›
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Polymarket, the world’s biggest prediction market, is nearing a deal to raise more than $200 million in a funding round that will value the company at over $1 billion, according to people familiar with the plan. Polymarket, founded in 2020 by CEO Shayne Coplan, rose to prominence last year by becoming the most popular platform for betting on the U.S. presidential election. The site allows people to place bets using... Read more ›
1
The crypto stampede is on, and hardly a day goes by without the launch of some bitcoin scheme or stablecoin offering. On Sunday, my colleague Yueqi reported that OKX, one of the three biggest global crypto exchanges, was considering an initial public offering in the U.S. Today, Fiserv, one of the companies that manages the plumbing of the nation’s banks, said it was going to offer a stablecoin. Yueqi previewed... Read more ›
0
The thinking behind Thinking Machines Lab, a high-profile but mysterious artificial intelligence startup led by former OpenAI Chief Technology Officer Mira Murati, is becoming clearer. After raising an astonishing $2 billion at a $10 billion valuation from investors including Andreessen Horowitz less than five months after its founding, Murati has told investors TML is developing custom AI that will enable businesses to make more money. It’s the first indication of... Read more ›
0
Fiserv, a bank infrastructure giant, said it plans to launch a stablecoin by the end of the year, a move that will introduce stablecoin payments to its thousands of bank clients. Fiserv has set up a horserace between stablecoin companies Circle and Paxos to issue the token, which will be named ... Read more ›
2
The U.S. Senate’s latest version of the “big beautiful” budget bill could include a fresh $25 million in funding for artificial intelligence infrastructure, according to a draft of the text, which has not yet been publicly released. The Commerce Department would then be able to use the funds to ... Read more ›
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Despite running nearly a half dozen companies, Elon Musk doesn’t use a computer, his lawyers said in a filing made in court as part of the billionaire’s ongoing lawsuit against OpenAI. The response came days after OpenAI accused Musk of resisting discovery as part of the litigation over whether ... Read more ›
0
Readers of The Information were optimistic in June about prospects for the tech sector, though our overall sentiment gauge dipped slightly versus the prior month. Over 48% of respondents to our monthly survey told us they expect the environment for tech companies to improve over the coming six ... Read more ›
0
Wealthfront, the 17-year-old robo advisor that manages millennials’ money, confidentially submitted its paperwork to regulators for an initial public offering, the firm announced Monday. The potential fintech IPO could come as early as this fall, and would follow Chime’s IPO earlier this ... Read more ›
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Most popular sources
Business Insider
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60% 25 |
Wired
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13% 9 |
Gizmodo
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5% 6 |
MacRumors
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4% 3 |
Android Authority
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3% 0 |
| View sources » | |
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04.11.2025 21:15
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