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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A year ago, Character.AI had the wind at its back. Founded by two artificial intelligence pioneers from Google, the startup had launched AI chatbots that offered what its far larger rivals hadn’t yet provided: something fun. Millions of people had signed up for its website and apps, intrigued by the chance to text with facsimiles of anime characters, TV personalities and historical figures in hyper-realistic roleplay. Executives discussed raising additional... Read more ›
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After two Tesla veterans launched Northvolt in 2017, the Swedish battery developer rapidly became Europe’s most prominent champion in the race to develop local electric vehicle and battery industries. Though it had never made a battery, the company announced a whirlwind of plans for vertical integration—plants across Europe and in Canada that would process lithium, make electrodes, manufacture batteries and recycle them when they were spent. Northvolt would make next-generation... Read more ›
0
A massage, then maybe a dip in the pool? If that’s your idea of a spa day, then this will really get your brain twisted into knots: These days, the coolest, most exclusive spas are downright space age and come complete with amenities like high-definition cameras to assess scalp health, compression suits to promote healthy drainage of lymphatic fluid, and three-dimensional dermal scanning, which uses heat to show a body’s... Read more ›
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Welcome, Weekenders! In this newsletter:The fame, feud and fortune behind billionaire Alexandr WangThe best high-tech spasPlus: An apocalypse found; a marvelous, murderous melodrama; and requiem for a reality TV star.Until this moment, it was hard to know how seriously to take Donald Trump’s emerging courtship of Silicon Valley leaders. Yes, he had a glitzy fundraiser at David Sacks’ Pacific Heights home earlier this month—and yes, he’d won over people like... Read more ›
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After Thursday night’s presidential debate, the prospects of another Donald Trump administration seem, well…inevitable. (Don’t shoot the messenger!) For tech folks, that heralds a friendlier regulatory regime toward crypto for sure and probably also toward tech M&A, given the freeze imposed on even the tiniest of deals by President Joe Biden’s antitrust crew. Indeed, the business-friendly impact of the first Trump administration can be seen in Supreme Court rulings on... Read more ›
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Amazon is planning to use the same controversial trade rule as Temu and Shein to import items sold on its upcoming discount section without paying duties, according to a person close to the Amazon team working on the project. While the expected move will help Amazon offer prices that are more competitive with its ascendant rivals, it’s also likely to thrust Amazon into the center of heated political debate around... Read more ›
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Would Threads would overtake X? Will Sam Altman be toast? After 52 lively episodes, we looked back on some of our big themes, gave ourselves some grades and looked to the next year in tech. Hope you enjoy! Apple Spotify YouTube Read more ›
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In January 2021, Alexandr Wang’s friends and colleagues gathered for a party at his swank South of Market apartment, which featured a 2,000-foot private terrace with a hot tub and views of the San Francisco skyline. Wang, co-founder and CEO of Scale AI, wanted to mark his birthday with a bang: He was turning 24. Wang had spent the holidays with his family in his native New Mexico and returned... Read more ›
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There are dozens of tech companies hoping to go public, including specialists in enterprise software, retail, artificial intelligence—and most surprisingly, crypto. This week, we reported that Animoca Brands, which owns stakes in more than 400 crypto and metaverse companies, is looking into going public next year. The company was previously publicly traded in Australia but delisted in 2020. This time, it’s considering listing shares in Hong Kong or the Middle... Read more ›
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Yusaku Maezawa had just a few requests for SpaceX. In 2018, the Japanese e-commerce billionaire had agreed to pay SpaceX to fly himself and a crew of eight artists around the moon for a first-of-its-kind project called dearMoon. As part of the deal, Maezawa asked SpaceX to customize the interior of the crew capsule of Starship, the 400-foot-tall rocket that would take the group to space. Mockups of the design... Read more ›
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This morning, I read Brian Stelter’s just-published opus in The Atlantic on the travails of The Washington Post and its owner, Jeff Bezos, with much interest.The paper’s business struggles and leadership crisis are a constant closed-door subject among news leaders right now. The piece is excellent and full of details about Bezos’ hands-off approach, raising important questions about how one of the world’s most successful businesspeople will lead the company... Read more ›
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Early last year, venture capitalist Tom Loverro offered a grim prediction. He wrote that a mass extinction event was coming for startups that would make the 2008 financial crisis “look quaint.” At the time, he told companies to reduce expenses through layoffs and focus on survival rather than keeping their valuations high. Now he’s back with a much rosier projection. Startups that endured that gruesome period can start spending to... Read more ›
0
I’m at VidCon, where the Anaheim Convention Center is bustling and the mood is upbeat, even though it feels like brands and social apps shelled out less money for splashy pop up experiences and lounges than in the past. The displays did underscore how the creator economy is maturing, as more big brands get behind influencers. Fanta parked a bright orange truck outside the convention center promoting the relaunch of... Read more ›
0
Under pressure from regulators in Europe and elsewhere, Apple in recent years has taken small steps toward making the iPhone easier for consumers to repair. But self-repair remains a cumbersome step for consumers—particularly when it comes to battery replacement. Under a law passed by the European Union last year, phone makers have to ensure smartphone batteries can be replaced by their owners with easily accessible tools by 2025. With that... Read more ›
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U.S. rules curbing the export of artificial intelligence chips to China are beginning to squeeze the country’s AI industry. And companies ranging from behemoths like Alibaba to rising startups like Moonshot AI are all grappling with the impact. After Chinese online video giant Kuaishou unveiled a test version of Kling, its text-to-video AI model similar to OpenAI’s Sora, so many people rushed to sign up for the trial that Kuaishou... Read more ›
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We repeatedly heard two questions following our report on OpenAI’s staggering revenue growth earlier this month: What percentage of revenue comes from ChatGPT subscriptions versus OpenAI’s application programming interface, through which app developers can access its models? And what are OpenAI’s computing costs?This morning’s in-depth piece from Aaron brings us closer to answering both.Subscriptions to ChatGPT are the majority of OpenAI’s revenue by quite a margin—but its API business seems... Read more ›
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When Microsoft formed an alliance in 2019 with OpenAI to resell the startup’s artificial intelligence, it brought the reputation, connections and sales muscle to the table that seemed key for winning deals with large customers. Turns out OpenAI itself has gotten pretty good at cutting those deals. The revenue that the startup—best known for its ChatGPT chatbot—makes from selling access to AI models such as GPT-4 now exceeds what Microsoft... Read more ›
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A senior U.S. lithium industry executive has called for Western car and battery companies to pay a premium for lithium refined in the U.S., arguing that prices for the metal are too low to cover the cost of building and running processing plants there. Read more ›
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I'd prefer that artificial intelligence stay out of filmmaking, but like any other industry, AI is bound to disrupt Hollywood, especially if it’s left up to venture capitalists. News this morning proves it. Independent film studio A24 announced that it has raised money from New York venture capital firm Thrive Capital, run by Josh Kushner—brother of Jared Kushner. I hear that Thrive invested $75 million of a $250 million round... Read more ›
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The Kids Online Safety Act, a federal bill that requires social media platforms to take “reasonable measures” to prevent harm, is scheduled to be considered by the House Energy and Commerce Committee Thursday. It’s a small step for proponents of the bill after years of political rumblings about the need for tougher controls over social platforms. Some tech companies, notably Snap and X, support the proposed legislation. But there’s no... Read more ›
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Most popular sources
Business Insider
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28% 0 |
Wired
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9% 6 |
The Verge
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7% 0 |
Tech Wire Asia
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7% 4 |
Gizmodo
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6% 0 |
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26.11.2024 22:32
Last update: 22:21 EDT.
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