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
There’s still no sign of marquee private companies such as Stripe or Databricks listing shares on the stock market anytime soon. But slowly, the pipeline of initial public offering candidates is growing after a quiet few years, according to The Information’s Tech IPO Tracker. Our data suggests that 19 companies are likely to go public sometime in the next year. Genetic testing company Tempus AI unveiled its IPO prospectus to... Read more ›
1
You’d almost think the long-anticipated AI reckoning for enterprise software has finally come, judging from how some stocks have fallen in recent days. Shares of Salesforce, Workday and UiPath, among others, have dropped by more than 20% since those companies warned customers were wary about committing to long-term software deals. While most of the companies didn’t blame artificial intelligence for the slowdown, it’s hard to believe AI isn’t connected. Who... Read more ›
0
I’ve been in Austin all week, attending the biggest annual crypto conference, Consensus, along with 15,000 other people. The parties—particularly those at BBQ restaurants—were packed. And the vibe all week has been cautiously optimistic, in contrast with a year ago when the industry was merely trying to survive through the aftermath of FTX’s collapse.  Crypto executives and investors are celebrating what they perceive as a shift in the U.S. regulatory... Read more ›
0
Google hired two cloud executives from rivals Amazon Web Services and Microsoft as it builds out its artificial intelligence ranks with the goal of boosting its cloud business, according to a person with direct knowledge. Saurabh Tiwary, a former corporate vice president at Microsoft, will join Google Cloud Monday as a general manager of cloud AI, a newly created role. Raj Pai, a former vice president at AWS, is overseeing... Read more ›
0
It’s funny how history has a way of repeating itself. This week, we wrote that artificial intelligence-powered search engine Perplexity is raising more money at a $3 billion valuation in a deal led by Bessemer Venture Partners, a lofty price considering it is generating just over $20 million in annual recurring revenue. That news got me thinking about a zero-interest-rate-era group of startups we dubbed the 100X Club. Perplexity is... Read more ›
21
When OpenAI teased its new text-to-video generator Sora earlier this year, it upped the ante in the race to develop artificial intelligence applications to create art. Since then, Google has unveiled AI video generator Veo, and Erin has reported TikTok is working on an AI feature to create virtual influencers for advertisers, as well. As our chart below shows, smaller startups still dominate AI video services. They’re selling tools for... Read more ›
0
The U.S. Commerce Department is probing whether a South Korean maker of parts for machines that produce semiconductors has been selling to Chinese companies that are subject to U.S. sanctions, said two people with knowledge of the investigation. The review signals a new effort by the U.S. government to root out how companies such as Huawei are getting access to crucial chip-making technology, despite escalating U.S. export controls. The officials... Read more ›
41
In 2023, companies large and small engaged in a mania around artificial intelligence to capture a slice of the action. Publicly traded companies mentioned AI more than 30,000 times on earnings calls, and private companies launched their own announcements, pilots and productivity projects. Now, executives are looking for a financial return on their investment—and finding little. Among publicly traded software companies, analysts say only Microsoft has shown any additional revenue... Read more ›
0
Over and over again, I’ve heard the same mantra from AI founders and big tech execs: 2023 was the year that businesses experimented with AI, but 2024 will be the year they truly put it to use.So for the last five months, we’ve been on the lookout for the cold, hard numbers demonstrating what value businesses and consumers are getting from conversational AI technology. A lot of the time, we’ve... Read more ›
1
As U.S. lawmakers step up efforts to penalize Chinese-owned bargain retail site Temu over the alleged sale of goods made with forced labor on its site, the company is holding fast to its longstanding response: It is a marketplace for independent sellers, just like Amazon and Etsy, and shouldn’t be held responsible for what those merchants sell. But according to five suppliers to Temu, the reality is very different. Most... Read more ›
0
For a year, one electric vehicle has stood out as an emblem of China’s yawning lead in EVs and batteries—the Byd Seagull hatchback, which at $9,650 in China has made some U.S. industry watchers worry whether the West can ever catch up. Now, a program manager for the Department of Energy’s technology incubator says U.S. entrepreneurs should stop fretting and start inventing an EV that approaches the Seagull’s price. Read more ›
0
Nothing focuses the mind quite like an impending hanging. That’s according to English poet Samuel Johnson, speaking in the 18th century. The paraphrased quote perhaps explains the mindset of the small circle of companies taking concrete steps to go public in the near future: It’s easier to carry heavy debt loads when you’re a public company than a private one.We scooped the news today that fast-growing cloud provider CoreWeave, flush... Read more ›
0
Bessemer Venture Partners is in talks to lead a $250 million investment in Perplexity, a developer of an artificial intelligence-powered search engine, at a $3 billion valuation, according to a person familiar with the matter. The new valuation would be triple what the San Francisco-based startup was valued at earlier this year. The new investment, which is Perplexity’s fourth funding round since March 2023, shows venture capital investors are still... Read more ›
18
When OpenAI’s board of directors ousted Sam Altman as CEO last year, it looked like a shocking derailment of a fast-rising career. Even after Altman returned to the role just days later, it seemed like he would be kept on a shorter leash. Instead, he has become more powerful than ever. His primary foes within OpenAI resigned or were pushed out. He is propelling the company’s board to overhaul OpenAI’s... Read more ›
78
Elon Musk’s superfans are taking a page out of the influential CEO’s social media playbook. Today I reported on a grassroots effort by Tesla influencers to swing an upcoming shareholder vote in favor of board proposals that could reinstate a $45 billion pay package for Elon Musk and move Tesla’s legal home to Texas. Popular X posters and Tesla investors like Alexandra Merz (better known on X as TeslaBoomerMama, a... Read more ›
13
U.S. officials have escalated a crackdown on the controversial customs exemption that Temu, Shein and other e-commerce firms use to send cheap items from overseas to American shoppers without paying tariffs. The U.S. Customs and Border Protection agency in recent weeks suspended several customs brokers from a program that makes it easier and quicker to arrange such shipments. Seko Logistics, which says that it processes millions of parcels under the... Read more ›
4
Cloud computing startup CoreWeave, one of the biggest beneficiaries of the artificial intelligence boom, has been on a fundraising spree over the past year from some of the deepest pockets on Wall Street. Now it’s planning an initial public offering. The startup has started early preparations to go public by the first half of next year, said a person with direct knowledge of the company’s plans. The plans set up... Read more ›
26
When the leaders of OpenAI’s “superalignment” team quit two weeks ago, CEO Sam Altman found himself once again facing allegations that he’s not sufficiently worried about artificial intelligence bringing about the end of the world (or other, less-apocalyptic safety concerns). After the high-profile resignations, OpenAI said it had folded superalignment researchers into its broader research arm rather than keep them cloistered, prompting further commentary from OpenAI’s critics that it wasn’t... Read more ›
43
When Apple executives appear at its annual developer conference in mid-June, they are expected to unveil details of how it will integrate AI in its Siri virtual assistant and other products. One of the big questions is how it will do so while still honoring its promises to protect the personal data of its users. The answer? Apple plans to process data from AI applications in a virtual black box,... Read more ›
16
Alexandra Merz was posting up a storm. Last week, the Tesla investor—better known to her 120,000 followers on X as TeslaBoomerMama—was dispensing instructions on the Elon Musk-owned social media platform about how Tesla shareholders around the world could get in touch with their stockbrokers ahead of a key shareholder vote on June 13. On the ballot is a Tesla proposal to reinstate a gargantuan, $45 billion pay package for Musk,... Read more ›
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Most popular sources
Business Insider
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21% 11 |
Wired
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10% 5 |
The Verge
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8% 2 |
Android Authority
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7% 4 |
Tech Wire Asia
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7% 3 |
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27.11.2024 05:41
Last update: 05:36 EDT.
News rating updated: 12:32.
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