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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Walt Disney Co. will pay $438.7 million more to Comcast to complete its purchase of the Hulu streaming service, the company said in a regulatory filing on Monday. In November 2023, Comcast exercised its right to sell its 33% stake in Hulu to Disney, which owns the rest of the service. Under the ... Read more ›
15
At Apple’s annual Worldwide Developers Conference on Monday, the company said artificial intelligence will be making its way into more of its apps, even though the new and improved Siri it announced at last year’s event isn’t ready. Apple said it plans to integrate live language translation into ... Read more ›
0
When Chime CEO Chris Britt pitched his company to venture capitalists a decade ago, he got a lot of handshakes and little money. Venture capitalists, he has said, were too rich to understand why low- or no-fee bank accounts would appeal to people living paycheck to paycheck. He said investors would question him: “What’s the problem? I don’t get charged fees. Morgan Stanley doesn’t charge me any fees. I don’t... Read more ›
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Before we get to today’s column, here’s something to noodle on.On Friday, word spread widely across the industry that an unnamed public company was going to invest a cool $10 billion in an unnamed private AI firm. On Saturday afternoon, Scale AI’s name popped up as the alleged recipient. By nighttime, Bloomberg reported Meta Platforms was the public company in question. The question was: Why?The quality of Meta’s models is... Read more ›
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Warner Bros. Discovery plans to split into two publicly traded companies next year, with one consisting of its film and TV studio businesses and the HBO Max streaming service and the other overseeing its cable networks including CNN, TNT and Discovery, as well as the Discovery+ streaming ... Read more ›
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Elon Musk’s bets on electric vehicles and rockets delivered some of the biggest payoffs in business history. But his bet on Donald Trump has backfired so spectacularly that it could jeopardize the future of those Musk businesses—unless a seeming weekend ceasefire between the two men can hold. The unraveling of the relationship between Musk and the U.S. president was weeks in the making, as Musk gradually wore out his welcome... Read more ›
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Dozens of investment funds that bet on mature startups before the Federal Reserve hiked interest rates in early 2022 got creamed. Not Sands Capital, which began investing in public stocks 33 years ago but decided to get into startup investing in 2014. The reason: The firm’s biggest late-stage private tech fund paused making investments in new startups in August 2021, after its managers felt founders were seeking valuations that were... Read more ›
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Meta Platforms is in talks to make a multibillion-dollar investment into the data-labeling startup Scale AI, Bloomberg reported. The investment could exceed $10 billion in value, which would make it Meta’s largest external investment in AI yet. Scale was valued at $14 billion last May in a ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Why Eric Schmidt and Jeff Bezos are sky-high on space data centers• The Arena: Online gambling’s toxic content problem • Opinion: AI has only made coding skills even more essential, Hadi Partovi argues• Plus, our Recommendations: Massachusett’s major wager; Aristotle’s pastime; and a pair of twisty sistersBillionaire divorces can get nasty. Just ask Stevie Cohen or Ken Griffin. And certainly Elon Musk... Read more ›
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Another year, another viral tweet argues against “learning to code.” The latest one comes with cherry-picked data implying that art history majors outperform computer scientists in labor markets. Yet the underlying data from the Federal Reserve Bank of New York prove the opposite. Art history grads have low unemployment—just 3%—because they are actually underemployed: 47% work in low-wage jobs that require no college degree and earn almost half the median... Read more ›
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As a triple Olympic champion, Sports Illustrated and Vogue model, and Harvard alum, sprinter Gabby Thomas attracts thousands of fans wherever she competes. She also attracts some genuine weirdos. Last weekend, for example, a man attending Thomas’ race in Philadelphia began to loudly berate her—yelling that she was a “choke artist” and that she was “goin’ down.” Thomas finished fourth, and on Monday, the man tweeted a video of his... Read more ›
8
The leader of Tesla’s Optimus humanoid robotics program, Milan Kovac, is leaving the company, a setback for what CEO Elon Musk has said will eventually become a core part of the business. Kovac, who first joined the company in 2016 and took over Optimus in 2022, confirmed his departure on X ... Read more ›
0
Forget the Musk-Trump drama for a moment. Next week is WWDC, Apple’s annual developer conference, when the iPhone maker shows off slick new software features coming later in the year. I’m tempted to say this year’s event will be more in the spotlight than usual, except that might be difficult to assert given the massive attention Apple gets for the most minor product news. And judging from this Bloomberg report... Read more ›
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Walmart plans to offer deliveries using drones from Alphabet subsidiary Wing from 100 stores in five new U.S. cities, the retailer said Thursday. The retail giant is adding Wing drone deliveries from stores in Atlanta, Charlotte, Houston, Orlando and Tampa, on top of existing drone operations in ... Read more ›
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Gemini, the crypto exchange founded by billionaire twins Cameron and Tyler Winklevoss, said Friday it has filed confidentially for an initial public offering. The announcement came after Circle’s blockbuster IPO yesterday and confirmed a March report by Bloomberg that Gemini has filed S-1 ... Read more ›
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President Donald Trump is planning to sign another executive order extending the deadline to enforce a law to ban or force a sale of TikTok in the U.S., according to the Wall Street Journal. This will be the third time the president has pushed off the deadline, the latest of which is approaching ... Read more ›
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Lawyers for Microsoft and OpenAI filed documents Thursday evening asking the court overseeing Elon Musk’s breach of charitable trust lawsuit against them to dismiss claims they violated the Racketeer Influenced and Corrupt Organizations Act. The federal court for the Northern district of ... Read more ›
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If all goes as planned in August, a startup called Starcloud from Redmond, Wash., will load a rocket bound for space with a refrigerator-sized satellite, the first to contain an Nvidia H100 chip. Normally, that chip is at the heart of the sprawling data centers back on Earth that run the latest artificial intelligence models. Compared to existing data centers, the Starcloud satellite will be almost comically under-powered: It may... Read more ›
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Some app developers are seizing the moment to try to get around the Apple tax. On May 1, Apple finally succumbed to a court order forcing the company to let U.S. apps link directly to external payment options. The company had resisted complying with the order for nearly four years, and with good reason: It allowed developers to bypass the fee of as much as 30% that Apple collects on... Read more ›
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Indonesia’s largest sovereign wealth fund is in talks to participate in a potential deal where Singaporean ride-hailing and food-delivery firm Grab would acquire its Indonesian rival GoTo Group, Bloomberg News reported. The fund, Danantara Indonesia, is considering taking a minority stake in the ... Read more ›
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Most popular sources
Business Insider
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43% 23 |
Wired
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19% 17 |
Gizmodo
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8% 2 |
MacRumors
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7% 6 |
Vox
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5% 3 |
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05.11.2025 07:58
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