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
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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Vivek Ramaswamy was obviously missing the adrenaline rush of being in the headlines. His faux-activist plunge into BuzzFeed stock has cost him less than $5 million and has already paid dividends in more free press than he’s had since he dropped out of the Republican presidential race in January. But let’s not mistake this for an activist play. BuzzFeed is controlled by founder-CEO Jonah Peretti through his supervoting stock. Ramaswamy... Read more ›
1
Last week Kaya and I reported on a broad restructuring at TikTok, which included layoffs in the U.S. and other countries. Among the many changes were those directly linked to creators and publishers. The latter could signal an increased effort to court media companies and bring more professional content to the app, best known for its user-generated short videos. For instance, the company is introducing a team called publisher monetization... Read more ›
0
Ilya Sutskever, a co-founder and former chief scientist at OpenAI, is currently the most sought-after entrepreneur in town. We don’t yet have the details on Sutskever’s next role. But we wouldn’t be surprised if he joins an OpenAI competitor, like Anthropic or Elon Musk’s xAI, moves that could further strain his relationship with OpenAI’s leader Sam Altman. Or he could start his own company that competes with his former employer.Sutskever... Read more ›
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Nvidia has become the world's third-most-valuable company by selling chips to power artificial intelligence. Now it's also one of the biggest corporate buyers of cloud computing services. Last week, Nvidia said it has committed to spend nearly $9 billion on cloud computing in the coming years, which involves spending with Amazon, Microsoft, Google and Oracle. That’s a huge jump from the $3.5 billion Nvidia said it had committed to cloud... Read more ›
14
While Elon Musk may get credit for SpaceX’s ambitious mission to “make life multi-planetary,” SpaceX’s org chart confirms something long understood by insiders at the $180 billion rocket startup—President and Chief Operating Officer Gwynne Shotwell is running the show. Shotwell oversees nearly every single team at SpaceX, which has around 13,000 employees at facilities spread across California, Texas and Florida. Her 21 direct reports include executives running the satellite internet... Read more ›
0
You’re going to hear the term “supercomputer” a lot in the coming months. It’s just a cool way of saying “a large cluster of servers running Nvidia chips,” but without as many words. Anyone who’s anyone in AI is going to talk about their supercomputer, and we imagine that Elon Musk will be one of them—especially after Anissa on Friday reported on his supercomputing promises involving xAI, which he has... Read more ›
72
Six months ago, Freyr Battery announced that the next-generation battery it was developing had hit a snag: The equipment it had ordered to automate production wasn’t working properly, and it wasn’t clear when it would be. So Freyr wouldn’t begin to sell batteries—and generate revenue—as soon as it had planned. Investors walloped Freyr’s shares, halving their price the day after the Nov. 9 announcement. Read more ›
0
Elon Musk has said publicly that his artificial intelligence startup xAI will need a whopping 100,000 specialized semiconductors to train and run the next version of its conversational AI Grok. To make the chatbot smarter, he’s recently told investors xAI plans to string all these chips into a single, massive computer—or what he’s calling a “gigafactory of compute.” In a May presentation to investors, Musk said he wants to get... Read more ›
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Welcome, Weekenders! In this newsletter: Where techies should go to vacation this summer Book recommendations galorePlus: What men and women should wear to Sun ValleyThese words were written at a cruising altitude of 34,000 feet—or at least that’s where Captain Pat said we were a few minutes ago. Like many of you, I’m using the long weekend to get out of town. Waaay out of town, actually. Like many of... Read more ›
0
“A lot of times men don’t really realize what they’re capable of pulling off,” Andrew Weitz was saying over the phone. “But the game has changed these days and if they don’t keep up with fashion, they’re going to get left behind.” Weitz knows of what he speaks, being a noted men’s style consultant who dresses many top entertainment executives and tech savants in Los Angeles, New York and Northern... Read more ›
0
From the U.S. Open to Art Basel, to the conclaves of Sun Valley and Cannes, the summer months are rife with networking opportunities. They’re also hot, sticky and known for air conditioning set to full blast. Throw in frequent travel and the sheer range of dress codes, and the question of what to wear can become tricky at best. The answer? “It’s all about an effortless, gentle vibe that’s not... Read more ›
0
Microsoft’s Satya Nadella and Nvidia’s Jensen Huang made plenty of news this week. But what about Charles Barkley? The legendary NBA-player-turned-broadcaster’s remarks on a podcast yesterday seemed to suggest that TNT’s hit halftime and postgame show “Inside The NBA” could be nearing its end if the network’s parent company, Warner Bros. Discovery, doesn’t successfully renew its TV rights deal with the league. And last night, Bloomberg’s Lucas Shaw reported the... Read more ›
0
So much news. So much weird. This week, on More or Less, we discussed the latest on OpenAI and ScarJo, Humane's fire sale, Slack's poor AI judgment and more. Plus, a preview of what we're all looking forward to this summer. Hope you enjoy, and have a great Memorial Day weekend! Apple Spotify YouTube Read more ›
0
The world has changed a lot in the last four years, and for better or for worse, that has greatly impacted our travel plans. For several summers since 2020, we found our vacations foiled—whether it was travel restrictions, the closures of our favorite hotels, or, ultimately, catching up on a never-ending backlog of weddings and other delayed social engagements. As a result, many of us were stuck at home and... Read more ›
0
The responses to our latest monthly survey posed a puzzle: Readers were far more optimistic than last month about the tech sector overall, but they were more pessimistic about nine of the 14 big tech companies we asked about.Let’s go through the numbers. More than 51% of the 1,756 readers who took our survey earlier this month feel conditions for technology companies generally will get better and fewer than 9%... Read more ›
17
The handful of tech companies that have taken the leap into the public markets over the past nine months have been sure to show investors heavy profits (Instacart and Arm), fast growth (Rubrik, Ibotta and Klaviyo) or a clear story about how they’re benefitting from artificial intelligence (Astera Labs and Reddit). Tempus AI, a healthcare data company backed by Google and started by the wealthy founder of Groupon, largely falls... Read more ›
15
Taylor Swift’s blockbuster Eras Tour united music fans, and now her fury towards Ticketmaster has resulted in an antitrust lawsuit against the ticketing giant that seems to have united people across the ideological spectrum. The U.S. Department of Justice and state and district attorneys general today filed a lawsuit against Ticketmaster and its parent company Live Nation Entertainment for operating a monopoly that they said muscles out competitors, hurts artists... Read more ›
0
Consumer startups aren’t getting a lot of attention from venture capitalists these days, except if they’re powered by artificial intelligence. (More on that later.) That disinterest has made it particularly challenging for VC-backed startups wrestling with a slowdown in consumer demand after a spike during the pandemic. One path forward: business sales. That pivot has been underway at Calm.com. The San Francisco-based parent of the meditation and wellness app raised... Read more ›
0
Meta Platforms is considering charging users for a more advanced version of its artificial intelligence-powered assistant, called Meta AI, according to an internal post reviewed by The Information. Google, Microsoft, OpenAI and Anthropic each offer $20-per-month subscriptions to their chatbots. The subscriptions let people use those companies’ chatbots inside workplace apps such as Microsoft Word and give people priority access when usage is high, among other things. The features Meta... Read more ›
6
Most popular sources
Business Insider
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19% 13 |
The Verge
|
12% 6 |
Tech Wire Asia
|
8% 2 |
Gizmodo
|
8% 3 |
Tom's Hardware
|
8% 5 |
| View sources » | |
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27.11.2024 07:58
Last update: 07:51 EDT.
News rating updated: 14:50.
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