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 ›
0
Happy 1st birthday to the More or Less podcast! We marked the special occasion with a continuation of our What to Build series, featuring the always sharp Elad Gil. Gil was making big investments in AI before it was cool and has a lot to say about how to value the market today and how he thinks about exit opportunities for AI startups. Plus, we tackle a topic we plan... Read more ›
0
Soon after a Manhattan jury found Donald Trump guilty of falsifying business records last month, the former president headed uptown to a restaurant, where a dinner party awaited him. Trump, who appeared unfazed by the conviction, walked in with a smile on his face, greeted by about 20 supporters and members of his innermost circle. The crowd included his son Eric, longtime ally and billionaire John Catsimatidis and a more... Read more ›
0
Shares of Apple surged more than 10% in the days after the company announced new artificial intelligence features at its Worldwide Developers Conference last week. Respondents to our monthly survey also are feeling more bullish about the iPhone maker. Roughly 42% of survey respondents said they were optimistic about Apple’s prospects in the coming months, far outnumbering the 13% who were pessimistic. That’s a big change from May, when optimists... Read more ›
0
It may not be on the scale of Apple’s rivalry with Google, but the battle between Databricks and Snowflake is one of the most intense in Silicon Valley. Both firms help companies store and manage massive amounts of data—a service that should become more valuable with the rise of generative AI models. Their duel has become so intense that two weeks ago Databricks upstaged Snowflake during the latter’s annual customer... Read more ›
0
Artificial intelligence companies increasingly seem to have adopted a product marketing approach modeled on that of cellphone plans. Anyone who uses Verizon should know what I mean: The cellphone firm has long offered an evolving array of plans, each with a slightly different name and offering slightly different options, forcing customers to spend way too much time figuring out which is which.Now the trend has hit AI. Anthropic released today... Read more ›
0
Cerebras, a developer of artificial intelligence chips that’s trying to wrestle business from Nvidia, has filed confidentially with securities regulators for an initial public offering, according to a person involved in the decision. The startup has also notified Delaware, the state in which it is incorporated, that it is creating preferred shares priced at a deep discount to its last private funding round. The move could make its shares more... Read more ›
30
Hi, it’s Akash. I’ve been in Toronto at the Collision Conference, Canada’s annual technology convention. It drew more than 37,800 attendees, along with big names like Vinod Khosla and the country’s own artificial intelligence royalty, Cohere CEO Aidan Gomez, as well as the “godfather of AI,” Geoffrey Hinton.Last year at this event, AI was still new and novel, and speakers joked at dinners about how many times it would be... Read more ›
0
Mylene Mae has found success with turning short Reels on Instagram into a series of related videos. She’s part of an emerging trend of creators doing so. Mae, 24, first started posting last April, initially focusing on sharing long-form YouTube videos about her efforts to learn how to code and life as a recent college graduate. On YouTube, she hoped to hit 10,000 subscribers. Instead, she reached about 1,000 before... Read more ›
0
Most readers of The Information support the U.S.’s pending ban of TikTok, the Chinese-owned social media app, though a significant minority oppose the ban scheduled to take effect early next year, according to our latest reader survey. Opinions about the ban divided sharply based on whether a respondent said they use the app. The roughly one-third of respondents who said they use TikTok disapproved of the ban by a more... Read more ›
0
EssilorLuxottica might not be a household name in the U.S. But the eyeglass giant, maker of Meta Platforms’ smart Ray-Ban glasses as well as dozens of other eyewear brands, is suddenly a company tech firms want to buddy up with. Rocco Basilico, the 34-year-old Italian head of EssilorLuxottica’s wearables business, revealed in an interview that the company had been getting approaches from some big tech companies interested in “smart eyewear.”... Read more ›
11
Finally, there’s good news from the never-ending quest to evaluate how good a large language model is. LMSYS, an organization that benchmarks LLMs, released findings last month on how the performance of LLMs changed between normal queries and harder ones that require more reasoning capabilities. LMSYS uses “Elo rankings,” a measure of relative performance—so you’d expect the performance metrics to remain the same in both cases. Instead, it found that... Read more ›
0
In March, a group of VIPs piled into Qasr Al Sarab, a luxury resort two hours’ drive from Abu Dhabi, for an invite-only event co-hosted by Mubadala Investment Co., a $300 billion sovereign wealth fund based in the United Arab Emirates. It was the same hotel where, two years earlier, cast members of “Dune: Part Two” had gotten their beauty sleep when they weren’t shooting the sci-fi epic in the... Read more ›
12
Its cash reserves dwindling, electric vehicle maker Fisker last year obtained $510 million in funding from Heights Capital Management, a San Francisco–based investor in distressed assets. But when Fisker missed a November deadline for a securities filing, Heights gained the rights to all the company’s assets. Read more ›
0
Beauty startup investors began this year with high hopes. In December, personal care giant Unilever said it was buying hair care brand K18, a star on TikTok since its 2020 launch. The industry took that as a sign that trendy brands had a fresh shot at selling to big conglomerates, which had mostly paused acquisitions after a deal binge in 2021. At least five beauty startups have hired advisers to... Read more ›
0
Chinese tech companies are facing more scrutiny in the U.S. than ever before. Yet some of China’s artificial intelligence startups are making a rush to grab U.S. customers. The reason: it’s too hard to make any money in China. One example is Beijing-based Moonshot AI, one of China’s most valuable AI startups. Its employees have been working on products that were recently launched in the U.S., including Ohai, an AI... Read more ›
20
Nvidia is No. 1! A 3.5% rally in the artificial intelligence chipmaker’s stock on Tuesday, as most other tech stocks fell, catapulted its market capitalization above that of both Microsoft and Apple for the first time. It ended the day worth $3.34 trillion, while Microsoft was valued at $3.31 trillion and Apple was at $3.29 trillion. Those are big numbers: By comparison, the collective value of all stocks in the... Read more ›
2
The last time I wrote about a startup—outside artificial intelligence—raising money at a higher valuation than in its last round was in May 2022, when blockchain analytics startup Chainalysis raised funds at an $8.6 billion valuation. That’s why I was intrigued to hear about a round that doubled the valuation of Zepto, an Indian rapid-delivery company, in a round co-led by a new venture capital fund. Finally, some variety!The company,... Read more ›
0
Big brands are really coming around to influencer marketing after years of only dabbling in it, I reported in this story on Friday. The shift is causing even 187-year-old John Deere to rethink its marketing plans. In April, the company announced it would hire a creator to run its short-form video strategy for a one-year contract that pays $200,000. This new hire, dubbed the first “chief tractor officer,” will also... Read more ›
3
Elon Musk’s X, formerly known as Twitter, has lost so many big-name advertisers that it’s starting to look attractive—at least for smaller marketers focused more on luring new customers than burnishing their brand name. But even that may not be enough to turn around X’s much-shrunken ad business. One advertiser who is seeing good results on X is Sean Frank, CEO of wallet maker Ridge, who says ads he has... Read more ›
6
Apple has told at least one supplier that it has suspended work on its next high-end Vision headset, an employee at a manufacturer that makes key components for the Vision Pro said. The pullback comes as analysts and supply chain partners have flagged slowing sales of the $3,500 device. The company is still working on releasing a more affordable Vision product with fewer features before the end of 2025, the... Read more ›
117
Most popular sources
Business Insider
|
30% 3 |
Wired
|
10% 6 |
The Verge
|
7% 0 |
Gizmodo
|
6% 1 |
Tech Wire Asia
|
6% 5 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
27.11.2024 00:46
Last update: 00:35 EDT.
News rating updated: 07:40.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.