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 ›
71
After explosive growth, a generation of beauty brands that blew up on TikTok over the past few years seemed at risk of stalling out. Startups selling lip gloss and body creams lined up bankers last year, hoping for sales to larger consumer product companies. Then few of those deals actually happened.That is, until Wednesday, when Elf Beauty said it was paying up to $1 billion for Hailey Bieber’s Rhode beauty... Read more ›
12
OpenAI has backed off on its plans to carve out its for-profit business, which is responsible for ChatGPT, from its nonprofit charity arm. However, OpenAI’s new proposal to restructure its ownership hasn’t won over nonprofit advocates who opposed the original plan. The advocates are pressing the attorneys general in Delaware and California to ensure the restructuring doesn’t shortchange the charity. OpenAI said in early May that it would convert the... Read more ›
8
Meta Platforms and Anduril, a defense technology startup, on Thursday announced a partnership to design and build augmented and virtual reality devices for the U.S. military. The devices will use Meta’s artificial intelligence models, as well as a software from Anduril called Lattice, which has ... Read more ›
0
Elf Beauty shares surged more than 25% Thursday morning, a day after the company announced it would acquire influencer and model Hailey Bieber’s skincare and makeup company Rhode. The deal could value Rhode as high as $1 billion—Elf will pay $600 million in cash and $200 million worth of Elf ... Read more ›
11
Since the start of this year, Nvidia CEO Jensen Huang has been thrust into an unexpected new role—chief lobbyist for his company—forcing him to carry its hopes, suggestions and pleas directly to President Donald Trump. Many of Huang’s conversations with Trump have happened at Mar-a-Lago, Trump’s residence and private club in south Florida, and Huang has made far more visits there than have been publicly reported, according to a person... Read more ›
2
Some businesses are waking up to the downsides of automated coding products. While most customers cite huge gains in developer productivity from tools like GitHub Copilot, Cursor, or Anthropic’s Claude, the code they generate sometimes doesn’t work as expected—or worse, it can make a business vulnerable to hacking or a data leak.The risks can be high when it comes to starting up a software project from scratch using simple text... Read more ›
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Business Insider is laying off 21% of its employees, the Axel Springer-owned publication’s CEO Barbara Peng said in a memo to staff on Thursday. Peng said the cuts will affect all departments as the digital media firm moves away from businesses that are reliant on user traffic. Peng said 70% of ... Read more ›
0
Amazon will license editorial material from The New York Times to train its artificial intelligence models, the companies said Thursday. Editorial content from The New York Times, as well from NYT Cooking and from sports-focused Times subsidiary The Athletic, will also appear in Amazon products ... Read more ›
0
Each new month of the AI boom has brought along with it a new “AI startup flavor of the month” for venture capitalists to drool over. The latest one, VCs tell me, are startups building AI voice agents for various verticals, from hotels to hospitals.Up until recently, AI software that can understand and respond with human speech has largely been too slow or error-prone to use in any real way... Read more ›
0
Protein bar startup David announced $75 million in fresh funding and the acquisition of ingredient supplier Epogee Thursday. Inclusive of the new funding, David’s valuation is now $725 million, cofounder and CEO Peter Rahal said in an interview. David is among the startups that have leaned into ... Read more ›
0
The year 2025 was supposed to bring a cash windfall to venture capital backers, as companies that had delayed going public finally made the leap. That hasn’t happened. With a roller-coaster stock market delaying many long-anticipated initial public offerings, the limited partners in VC funds have been finding new ways to cash out of their stakes in private tech firms. Some are selling their ownership of VC funds. The VC... Read more ›
0
The attorney general of Delaware, where OpenAI is incorporated, is in the process of hiring an investment bank to help assess the value of OpenAI’s charitable assets, The Wall Street Journal reported Wednesday. Delaware AG Kathy Jennings, as well as the attorney general for California, where ... Read more ›
1
The U.S. government recently ordered American vendors that sell software for chip design to obtain export licenses first before selling to China, the Financial Times reported, citing people familiar with the move. The new policy could further hurt American chip-design software companies and ... Read more ›
0
Elon Musk is leaving the Trump administration after a tumultuous period leading an effort to cut government spending that involved dismantling federal agencies and laying off thousands of federal workers. Musk posted to X on Wednesday that his time as a special government employee was ... Read more ›
0
Well, this is inconvenient. Despite President Donald Trump’s order in April immediately blocking Nvidia from selling AI chips to China, the AI chipmaker reported another stellar quarter through the end of April. Revenue rose 69%, while free cash flow soared 75% to $26 billion, more than either Apple or Google throws off. Nvidia said the Trump order cost Nvidia $2.5 billion in lost sales in the April quarter and will... Read more ›
0
Salesforce shares rose nearly 2% after its first-quarter earnings report, as the software provider exceeded its revenue forecast by more than $60 million and bumped up its full-year forecast by $400 million. While Salesforce’s revenue growth has slowed in recent years, that’s poised to ... Read more ›
2
Fashion and culture magazine Nylon has launched a new membership program for creators—paid for by advertisers. It’s an effort by Nylon’s parent company, Bustle Digital Group, to take advantage of advertisers’ growing interest in experiential, in-person events, as well as working with influential creators on Instagram, TikTok and other social media apps.Bustle’s founder and CEO Bryan Goldberg said Nylon has spent years developing relationships with creators, celebrities and tastemakers in... Read more ›
0
Elon Musk sought to block an OpenAI deal to build a huge artificial-intelligence data center in Abu Dhabi, The Wall Street Journal reported Wednesday. According to the report, Musk on a call told officials from AI firm G42, which is developing the data center site, that the plan would not get ... Read more ›
0
Nvidia on Wednesday projected that the Trump administration’s new export controls, preventing it from selling chips to the Chinese market, would cost it $8 billion in revenue in its second quarter ending July, roughly 15% of what its revenue would have been otherwise. Even so, Nvidia projected ... Read more ›
0
Tesla is targeting June 12 to launch its driverless taxi service in Austin, Texas, Bloomberg reported Wednesday, noting that the date was still subject to change. Elon Musk has said the long-anticipated service would include about 10 Model Y cars operating in a limited part of the city where ... Read more ›
0
Most popular sources
Business Insider
|
36% 34 |
Wired
|
21% 18 |
Gizmodo
|
8% 3 |
MacRumors
|
6% 5 |
Eurogamer.net
|
5% 4 |
| View sources » | |
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05.11.2025 12:21
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