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 âș
0
On July 5, it will be one year since the launch of Threads, Instagramâs rival to Twitter.Though the app was big news when it launchedâthe timeline for its release was accelerated to make the most of the chaos engulfing Twitterâchatter about the app has been relatively quiet since then.Thatâs in part because generative artificial intelligence became the shiny new thing that consumed the tech industry over the past year. Itâs... Read more âș
0
Sales of electric vehicles are slowing and some automakers are rethinking their plans for EVs. But readers of The Information remain enthusiastic about EVs. Nearly two-thirds of respondents to our most recent survey said they own an EV, with Teslas by far the most popular choice. By comparison, a March Gallup survey found that 7% of Americans owned EVs. Moreover, a majority of our survey respondents who donât own an... Read more âș
0
How good was Nvidia's quarterly earnings call? Let us count the ways. Everyone is buzzing about Nvidiaâs revenue nearly quadrupling to $26 billion in the quarter ended in April, mostly from the sale of artificial intelligence server chips. But Nvidia immediately shared three other pieces of good news: a strong sales forecast, a 10-to-1 stock split and a bigger dividend. As if that wasn't enough, Nvidia CFO Colette Kress and... Read more âș
83
During a pivotal scene of âVery Bad Company,â a new satirical novel involving a tech billionaire, a dead body and many bruised egos, a startupâs executives dine at Carbone in Miami, where they receive important news calligraphed inside folded origami animals that cost $5,000 each. I half-expected to find one waiting for me as I sat down to lunch with Emma Rosenblum, the bookâs author, at Carbone in New Yorkâs... Read more âș
0
Conversational artificial intelligence startups are singing the acquisition blues. As Natasha and I reported on Wednesday, Adept, which raised more than $400 million from investors at a $1 billion-plus valuation to develop artificial intelligence agents, has been exploring a buyout, including from Meta Platforms. A Meta deal is unlikely, though. The news follows Snowflakeâs aborted buyout talks with Reka, a large language model developer, for a reported $1 billion-plus price... Read more âș
3
Crypto exchange Coinbase is poised for a big boost as the U.S. suddenly looks more likely to approve exchange-traded funds holding ether, giving investors a way to trade the second most popular cryptocurrency as easily as a stock. At least six out of the nine investment firms that plan to issue ether ETFs have picked Coinbase as a custodian, meaning the crypto company will safeguard ether for giants including BlackRock,... Read more âș
3
On Monday, we reported that the going rate for iron-based batteries in China had plunged to an astonishing $56 per kilowatt hour, 40% below last yearâs average outside the country. But we have since learned that the average price is even lowerâ$47/kWh, half as much as such batteries outside China, according to a survey last month by BloombergNEF, a renewable energy research firm. Read more âș
37
The leaders of Adept, a 2-year-old artificial intelligence startup run by former OpenAI and Google AI developers, held talks in recent months about a possible sale or strategic partnership with large tech companies, according to a person with direct knowledge of the conversations. One company Adept spoke to was Facebook owner Meta Platforms, this person said, though an acquisition is unlikely. The effort by Adept, which investors valued at more... Read more âș
2
Nvidia, a $2 trillion chip giant worshipped by financial markets and Silicon Valley, has to pass an increasingly difficult test of investorsâ faith every quarter. On Wednesday, it gave everyone in the church of artificial intelligence a reason to keep believing.The companyâs revenue nearly quadrupled from the first quarter last year to $26 billion, powered largely by sales of its chip used for training and getting responses from large language... Read more âș
0
Hello!These are turbulent times for TikTok employees. On Tuesday, we reported that TikTok is planning significant layoffsâincluding a large percentage of the roughly 1,000 people working in TikTokâs global user operations, content and marketing teams. The planned cuts are likely to further sap employee morale, already frayed by the possibility of a U.S. ban and past restructurings. The company is also poised to make a fresh push into Europe, which... Read more âș
25
Groq, an Nvidia rival that develops specialized server chips and software for artificial intelligence, has told investors it wants to raise about $300 million, according to two people who spoke to the companyâs leaders. It has tapped Morgan Stanley to help with the fundraising, according to one of the people and a third person. The new round would roughly double its total funding, bringing it closer to startup rivals such... Read more âș
0
Inside Google a year ago, conventional wisdom held that artificial intelligence chatbots from OpenAI and Microsoft would shrink its lucrative search advertising businessâand fast. Not only was that wrong, but the companyâs annual event for advertisers on Tuesday showed how conversational AI can take that business to new heights.Google executives said the company will start testing ads directly in AI-generated answers that summarize content from the web to answer certain... Read more âș
33
Over the past decade, Amazon has assembled a vast network of delivery drivers to reduce its reliance on shippers like United Parcel Service. Now, Amazon wants those drivers to start tackling another task that has become a major problem: returns. In a new pilot program, Amazon drivers will pick up returns from customersâ houses and bring them to its facilities for processing, according to messages the company sent to drivers... Read more âș
0
Sam Altmanâs naughty streak has been key to his success. This week, it may have gotten him in trouble.The OpenAI CEO came under fire yesterday after the actress Scarlett Johansson said she, through her lawyers, complained to OpenAI after they used a voice that resembled her own for its ChatGPT assistant. OpenAI says the voice wasnât meant to imitate the actress, but it nevertheless took it down on Monday. Read more âș
50
Another day, another deal. Artificial intelligence startup Poolside is raising more capital from investors and wants a valuation of around $2 billion, according to a person briefed on the deal. The startup, which was co-founded by former GitHub CTO Jason Warner, is developing a specialized large-language model to automate coding. Itâs already raised $126 million since it was founded in April last year, and the new financing could roughly quadruple... Read more âș
25
TikTok has told employees it plans significant layoffs in its operations and marketing teams this week, according to current employees. The precise number of job cuts could not be learned, but the employees said the layoff will affect a large percentage of the roughly 1,000 people working in TikTok's global user operations, content and marketing. TikTok plans to disband its global user operations team, which handles user support and user... Read more âș
36
What a mess OpenAI seems to have created with Scarlett Johansson! One bright note for creators is that her allegations that the startup ripped off her voice after she refused an offer to voice its chatbot could help speed up national legislation that protects artists. I spoke to two legal experts today to get a better understanding of the current legal protections for celebrities and creators when it comes to... Read more âș
0
Anthropic, the maker of artificial intelligence chatbot Claude, has hired Airbnb veteran Krishna Rao as its first chief financial officer, two people with direct knowledge of the matter said. The executive hire, which the company plans to announce this week, is a sign the three-year-old startup is bolstering its executive ranks as it tries to accelerate revenue and burns through cash to keep up with rivals like OpenAI. The startup... Read more âș
0
HubSpot investors better hope that Google actually buys it. The marketing software companyâs growth is slowing as the small businesses it caters to try to cut down their bills, and it faces mounting competition from flashy AI tools that could chip away at its business. As Google reportedly discusses an acquisition of HubSpot, which sells services for companies to manage their digital marketing campaigns and information about their customers, similar... Read more âș
9
New York isnât known for its roomy apartments, which is why my electric piano is currently gathering dust on top of my kitchen cabinets. So I was especially excited to use Suno, an artificial intelligence music generator. It turns simple text descriptions like âa dark disco song about when you're not aroundâ and âa romantic garage song about being trapped in an AI music factoryâ into songs that often sound... Read more âș
3
Most popular sources
Business Insider
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20% 12 |
The Verge
|
9% 3 |
Tech Wire Asia
|
8% 1 |
Tom's Hardware
|
8% 5 |
Gizmodo
|
8% 3 |
| View sources » | |
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27.11.2024 07:28
Last update: 07:21 EDT.
News rating updated: 14:22.
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