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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OnlyFans is up for sale. The most obvious question about the porn-centric creator site is not what it will sell for, but what it would fetch if it delivered more socially acceptable content. A deeper analysis of the company, though, raises other important questions about regulations, artificial intelligence and competition. Read more ›
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A senior U.S. official said Huawei Technologies, China’s leading chip developer, has limited capacity to produce artificial intelligence chips this year, suggesting that U.S. restrictions on the export of chip manufacturing equipment to China are proving effective. U.S. Commerce Under Secretary ... Read more ›
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Meta Platforms on Thursday finalized a deal to invest $14.3 billion in Scale AI, according to a Scale spokesperson. Through the deal, Meta will acquire a 49% stake in the data labeling startup. Scale said in a statement that the investment round will value the company at $29 billion, including ... Read more ›
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AI software provider Databricks expects annualized revenue to reach $3.7 billion by next month, up 50% from last year, according to a company spokesperson. The growth suggests that Databricks is benefiting as more large companies invest in building AI applications from their business ... Read more ›
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My colleague Sri Muppidi broke the news Wednesday of OpenAI’s latest fundraising talks as it seeks to raise an unprecedented $40 billion. One previously unreported detail is that SoftBank bought about $240 million in shares from a small group of current and former employees this spring. That deal brought the total share sales by current and former employees to nearly $3 billion since 2021, an unusually large amount for a... Read more ›
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Did you hear that pop? Tech initial public offerings are getting loud, a little silly, and highly profitable for investors again. Banking app Chime’s share price jumped 37% above its IPO price Thursday, its first day of trading on Nasdaq, lifting its market cap past $15 billion. It’s the latest in a string of price pops that are helping to assuage IPO investors’ fears, and instead inject them with serious... Read more ›
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Amazon Web Services is revamping a key cloud service for developing and running artificial intelligence in a bid to catch up to Google and Microsoft, The Information reported. AWS is preparing to make it easier for businesses to use a wider array of AI models and other software for ... Read more ›
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Nvidia CEO Jensen Huang says he isn’t threatened by the fact that his largest customers—from Amazon Web Services and Microsoft to OpenAI—are trying to build their own chips for artificial intelligence. Speaking to analysts this week in Paris, Huang said Nvidia is improving at such a fast rate ... Read more ›
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Snapchat has realized the limits of disappearing content—especially when it comes to attracting creators. On Thursday, the app said users will be able to automatically save their disappearing Stories to their public profiles. That’s a big change, and it’s one that should help make the app more of a destination for creators, whose Instagram, YouTube and TikTok profiles give fans—and advertisers—a taste of their content. Read more ›
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Elon Musk’s SpaceX demolished a former United Launch Alliance tower in Cape Canaveral, Florida, on Thursday, paving the way for a new complex that will provide a second launch site for its largest rocket, Starship. SpaceX is planning to launch Starship up to 76 times a year from the complex, ... Read more ›
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Moove, a five-year-old startup whose employees clean and charge Waymo’s electric robotaxis, is aiming to raise about $300 million in new funding, according to a person who spoke to the startup’s executives. The new round is likely to lift the Uber-backed company’s valuation past $1 billion, according to an investor in Moove. The startup recently generated annualized revenue of $360 million, mostly from its main business of extending loans to... Read more ›
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Google Cloud on Thursday experienced a major outage that impacted several services globally, according to a Google website tracking the status of its products. The Google Cloud dashboard indicated that the Google Cloud Console—a main interface where customers access the Google Cloud platform— ... Read more ›
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Navan, a corporate travel software startup, is planning to file confidentially for an initial public offering as early as next week, two people familiar with the matter said, a further sign of a rebound in public listings for venture-backed startups. The company, backed by Lightspeed Venture Partners and Andreessen Horowitz, is one of a handful of VC-backed software firms that have taken recent steps to go public this year. Others... Read more ›
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Tesla sued a former robotics engineer who launched his own robotics startup shortly after leaving the company last year, accusing him of stealing confidential information about Tesla’s Optimus humanoid robot. The company alleged that Zhongjie “Jay” Li, who worked on the hands of the ... Read more ›
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Lawyers for Elon Musk asked the court overseeing his breach of charitable trust lawsuit against OpenAI to dismiss OpenAI’s countersuit against him in a court filing Wednesday evening for the second time. OpenAI previously alleged that Musk engaged in unfair competition and “tortious interference ... Read more ›
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Nvidia CEO Jensen Huang said Wednesday that he “pretty much disagree[s] with almost everything” Anthropic CEO Dario Amodei says about the impact artificial intelligence will have on job losses. Huang made the remarks during a press briefing at the Viva Technology conference in Paris, according ... Read more ›
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Salesforce Challenges the Principle That Customers Control Their Data Read more ›
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Dalton Caldwell, a managing partner at Y Combinator and one of the longest serving partners at the accelerator, is leaving after over twelve years to start a venture capital firm to back early-stage companies, according to two people with direct knowledge of the discussions. Caldwell will make ... Read more ›
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A little-known company at the heart of the U.S. financial system is exploring issuing a stablecoin that could accelerate the use of digital assets across markets, according to people with knowledge of its plan. The Depository Trust and Clearing Corp., the clearinghouse that processes U.S. stock trades, would consider issuing a stablecoin if legislation legitimizing the tokens is approved in Washington, the people said. The DTCC, which is owned by... Read more ›
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BlackRock set an ambitious $400 billion fundraising target for its private investment business, part of its plans to double its market capitalization to $280 billion by 2030. The world’s biggest asset manager aspires to generate at least $35 billion a year in revenue by 2030, compared with ... Read more ›
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Most popular sources
Business Insider
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64% 29 |
Wired
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12% 8 |
Gizmodo
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4% 7 |
MacRumors
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4% 2 |
Vox
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2% 3 |
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05.11.2025 03:09
Last update: 03:05 EDT.
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