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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Nvidia recently debuted a cloud service enabling artificial intelligence developers to rent server chips directly from the chip designer, part of its push into the cloud market dominated by Amazon and Microsoft. In doing so, Nvidia is encroaching on the turf of CoreWeave and dozens of other up-and-coming firms that sell the same type of service. Nvidia executives told the firms they could make their AI servers available to customers... Read more ›
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Ren Zhengfei, founder of China’s Huawei Technologies, said the U.S. “overestimates” his company’s chip design capabilities amid ongoing trade negotiations between the two countries. In a front-page interview published in the People’s Daily state newspaper on Tuesday, Ren said that Huawei’s ... Read more ›
0
Slack, an instant-messaging service popular with businesses, recently blocked other software firms from searching or storing Slack messages even if their customers permit them to do so, according to a public disclosure from Slack’s owner, Salesforce. The move, which hasn’t previously been reported, could hamper fast-growing artificial intelligence startups that have used such access to power their services, such as Glean. Read more ›
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Mark Zuckerberg seems confident! As we reported earlier today, Meta Platforms is on the cusp of taking a 49% stake in Scale AI for $14.8 billion and bringing the AI startup’s CEO, Alexandr Wang, on board to lead a new AI lab. There are echoes in the Meta–Scale AI talks of earlier deals between big tech companies and AI startups, including Google’s agreement with Character.AI and Microsoft’s deal with Inflection.... Read more ›
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They are co-workers to be, they are both college dropouts-turned billionaire tech founders and they both have recently steered their public images toward wherever the political winds have blown. With Meta CEO Mark Zuckerberg’s big investment in Alexandr Wang’s Scale AI, the two men have something else in common–they both made billions for some of the same startup investors.Meta’s planned nearly $15 billion investment in Scale AI, which we scooped... Read more ›
0
Podcasting is booming, driven by the rise of video shows and podcasters’ sway during last year’s presidential election. That’s got me thinking about whether podcasting has become too saturated. It’s a question I posed to our podcasting panel at The Information’s Future of Influence event last week in Los Angeles. Spotify doesn’t think so. The company saw a “massive, massive reacceleration” in podcasts last year, while this year is “growing... Read more ›
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Google is offering voluntary buyouts to employees in the knowledge and information organization, which includes the company’s core search and much of the ads organization, a senior executive told staff on Tuesday. The move comes as Google’s search business faces unprecedented threats from ChatGPT and following its loss in a U.S. antitrust case that could hurt the company’s ability to distribute its search product. Nick Fox, who runs the knowledge... Read more ›
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Tesla still has not given a public launch date for its robotaxi service in Austin, but an observer on Tuesday posted a video of a Model Y on city streets without a human driver behind the wheel, prompting some early celebrations from Tesla’s workers and fanbase. “Beautifully simple design,” CEO ... Read more ›
0
Glean, a startup that develops search chatbots for businesses, has raised $150 million in Series F financing led by Wellington Management. It’s the latest sign of investors’ bullishness on enterprise search, a market in which Amazon Web Services, Google, Snowflake and others are also ... Read more ›
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Artificial intelligence may not be advanced enough to run a company yet. But CEOs of some firms are testing ways that AI can sub in for them.They're trying chatbots and video avatars to answer employee questions, schmooze with customers and talk during earnings calls. Read more ›
2
Snap, the parent company of Snapchat, announced on Tuesday that it would introduce a new generation of augmented reality glasses for sale to the public in 2026. The glasses, called Specs, will display content for wearers to see and offer apps from Snap, other companies and independent ... Read more ›
0
French bank Societe Generale said it plans to launch a stablecoin that will be available on crypto exchanges and payment platforms, making it the first major bank globally to offer a dollar-pegged stablecoin accessible to retail users. The token, called USD CoinVertible, will be used for crypto ... Read more ›
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OpenAI is planning to rent artificial intelligence chip servers from Google’s cloud computing unit, Reuters reported on Tuesday. The move isn’t completely unexpected, given that OpenAI has been desperate to expand its compute capacity and has inked deals with several other cloud providers after ... Read more ›
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Meta has agreed to take a 49% stake in data labeling firm Scale AI for $14.8 billion, two people familiar with the matter said. The unusual deal will be structured so Meta will send the cash to Scale’s existing shareholders and place the startup’s CEO, Alexandr Wang, in a top position inside Meta, the people said. The deal, which hasn’t yet been finalized, appears to be a rich one for... Read more ›
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Annualized revenue at “AI native” companies selling artificial intelligence models or apps has passed $15 billion just two and a half years since OpenAI launched ChatGPT, according to The Information’s Generative AI Database.While that’s not the same as $15 billion in actual revenue, it’s still an unprecedented haul for such a short time period and means that, collectively, the companies generated about $1.25 billion of revenue in May alone.OpenAI is... Read more ›
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Elon Musk may have parted ways with Washington and President Donald Trump, but employees from Musk’s Department of Government Efficiency are moving forward with a plan to restructure the Securities and Exchange Commission and bring artificial intelligence technology into the agency. The reorganization will begin to take shape over the next couple of months, according to two SEC employees. Leaders at the agency haven’t yet made it clear to staff... Read more ›
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Apple appears to have learned its lesson about overpromising on artificial intelligence. Last year, at its Worldwide Developers Conference, the company made a bunch of bold promises about its AI plans to show that it too had an answer to the ChatGPT age. Those claims turned out to be half-baked, as many of the AI features under its Apple Intelligence banner performed poorly, while a revamped version of its Siri... Read more ›
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Jeff Bezos’ rocket company Blue Origin delayed the second launch of its premier rocket New Glenn from late spring to August 15, showing the difficulty in building an alternative to Elon Musk’s SpaceX as questions swirl in Washington about the government’s reliance on the mercurial billionaire. “ ... Read more ›
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MiniMax, a major Chinese artificial intelligence developer that was most recently valued at about $3 billion, plans to unveil a new open-source AI reasoning model as early as this week, according to a person with direct knowledge of the plan. The new model, MiniMax M1, is the company’s attempt ... Read more ›
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Paramount Global’s finance chief Naveen Chopra is departing the company, the company announced on Monday. He will be replaced on an interim basis by Andrew Warren, currently a strategic advisor to the office of the CEO at Paramount and former CFO of Discovery Communications. Paramount is still ... Read more ›
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05.11.2025 05:47
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