Forward, a startup that raised $400 million to operate artificial intelligence-powered “doctor in a box” healthcare stations, is shutting down effective Tuesday, according to a person close to the company. All of its nearly 200 employees will lose their jobs, the person said. The San Francisco startup, started in 2017 by former Google employee Adrian Aoun, wanted to make healthcare visits more accessible with staffed clinics and automatic services. It... Read more ›
113
Donald Trump formally named Elon Musk to help lead a commission to reduce government bureaucracy, following through on an idea Trump had floated during his presidential campaign. In a statement on his account on Truth Social, Trump said that Musk will co-lead the Department of Government of ... Read more ›
0
Wonderful news! Deals are happening. Exhibit A: Marc Lore’s food startup Wonder is close to a deal to buy Grubhub, The Wall Street Journal reported Tuesday afternoon. That’s an intriguing acquisition for Lore, a veteran e-commerce entrepreneur, as it’s something of a change in direction.Those with long memories of Wonder will recall that the startup began life as a mobile kitchen and food-delivery startup, using custom-made vans to park in... Read more ›
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Snowflake, at its annual conference for developers, unveiled a preview of a forthcoming product that lets customers ask questions and get answers from the information they store in its database, as well as third-party products like Salesforce and Google Workspace. The product includes tools ... Read more ›
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Spotify’s recent price rises appear to have boosted its financial performance. The music streaming service reported 19% growth in revenue to $3.98 billion euros, while operating income surged to 454 million euros compared with 32 million euros a year earlier. The music streaming service ... Read more ›
0
Venture capital firms have a lot of money to invest but relatively few maturing startups have proven their worth. So firms are doubling down on the startups they see as winners—which is sending valuations soaring, sometimes in just a few months.The latest example: Cyera, a cloud cybersecurity firm, is finalizing a deal to raise new funding from early investor Accel, people briefed on the deal told me. It would about... Read more ›
0
BuzzFeed warned investors that it doesn’t have enough cash to cover the nearly $120 million it expects it will have to pay convertible note holders back in the coming weeks, saying it will have to renegotiate terms or try to find other financing. CEO Jonah Peretti said the company will share an ... Read more ›
0
On Monday, we reported on how TikTok courted conservative users, including President-elect Donald Trump, in the months before last week’s Trump victory. These efforts, led by TikTok Policy Chief Michael Beckerman and overseen by CEO Shou Zi Chew, included an overhaul of its trust and safety staff and content policies that made it more likely that posts reflecting conservative views on elections (say the contested 2020 presidential race) and transgender... Read more ›
0
Wonder, the food delivery company run by former Walmart and Amazon executive Marc Lore, is in talks to acquire food delivery service Grubhub, the Wall Street Journal reported Tuesday. Grubhub’s parent company, Amsterdam’s Just Eat Takeaway, has been trying to sell the delivery service since 2022 ... Read more ›
0
Instacart on Tuesday reported $852 million in revenue for the third quarter, representing 12% year-over-year growth. The grocery delivery firm also reported $8.3 billion in total gross transaction value in the quarter, which was up 11% year over year and slightly higher than the guidance it had ... Read more ›
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OpenAI co-founder and president Greg Brockman has returned to the startup, three months after he said he would take an extended leave of absence, according to a message he sent to staff Tuesday. Brockman’s new role has not yet been finalized, he said, but would focus on solving the artificial ... Read more ›
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Klarna is marching with significant momentum toward a possible initial public offering next year. Apple recently added the “buy now, pay later” service as an option on its own payment platform, and some shareholders have reportedly raised their valuation of the company. Plus, Klarna’s revenue growth is accelerating. The executive team steering the company has remained stable for several years, even amid two board shuffles in 2024. Half of CEO... Read more ›
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Enterprise software firm Databricks, one of the world’s most valuable private tech companies, is considering raising several billion dollars in the coming months to allow employees to cash out stock grants that begin to expire in early 2026. Such a move would signal that the firm, whose business of data management software has gotten a boost from artificial intelligence services, isn’t planning to go public anytime in the next year. Read more ›
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Shopify’s revenue grew 26% in the third quarter from a year earlier to $2.16 billion and its free cash flow margin rose to 19%, topping its previous forecast for the quarter by roughly three percentage points. The e-commerce giant has been highlighting improvements in its margins ever since it ... Read more ›
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A month ago, we reported that former OpenAI chief technology officer Mira Murati had begun to pitch current OpenAI staffers on joining her new venture. It seems like at least one OpenAI researcher has taken her up on her offer.Mianna Chen, a research program manager for the team at OpenAI responsible for preparing AI models for release, has recently left and plans to join Murati at her new company, according... Read more ›
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Netflix said its ad-supported subscription tier is seeing momentum, announcing that it has now reached 70 million monthly active users globally. That is up from 40 million monthly active users in May. More than 50% of new Netflix sign-ups are now also for the ad tier in the countries that plan ... Read more ›
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Count defense tech bulls among the investor groups buoyed by last week’s election of Donald Trump as president. Some investors and executives are hopeful enough in what the Trump administration will do that they’re downplaying talk of a financial bubble forming among defense and aerospace startups. One bellwether may be Saronic Technologies, a startup that is trying to sell a fleet of autonomous military boats to the U.S. Navy. It... Read more ›
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SoftBank Group swung to a net profit in the quarter through September, driven by investment gains in the company’s Vision Fund business. SoftBank reported a net profit of 1.18 trillion yen ($7.66 billion) in the quarter, compared with a loss of 931 billion yen a year earlier. The Vision ... Read more ›
3
IAC is considering spinning off its 85% stake in Angi, the home services website formerly known as Angie’s List, according to a letter that IAC CEO Joey Levin sent to shareholders on Monday. The stock price of IAC rose 1.4% in after-hours trading to $55.89, while Angi’s stock fell 5.7% to $2.47. ... Read more ›
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Apple is working on a home surveillance camera that could be released as early as 2026, according to a prominent Apple supply chain analyst. The camera is part of the company’s efforts to expand its smart home business with new products that integrate seamlessly with the iPhone, Siri and ... Read more ›
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Most popular sources
Business Insider
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30% 11 |
Financial Times
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15% 14 |
The Verge
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15% 11 |
Tom's Hardware
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7% 3 |
Gizmodo
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4% 4 |
| View sources » | |
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23.11.2024 18:09
Last update: 17:45 EDT.
News rating updated: 01:01.
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