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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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 ›
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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 ›
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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 ›
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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 ›
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Dbt Labs, a 9-year-old startup backed by Andreessen Horowitz and Sequoia Capital, launched a new version of its main product, which lets data analysts extract business insights from corporate data, such as customer purchasing patterns and supply chain operations. The new product, called Fusion, ... Read more ›
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Shein is considering switching its planned initial public offering from London to Hong Kong, according to news reports Wednesday. The fast-fashion giant is weighing the switch because its Chinese securities regulators haven’t yet approved a London IPO, the reports said. Shein had received ... Read more ›
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Reed Hastings, cofounder and former CEO of Netflix, has joined Anthropic’s board of directors, the company announced in a blog post on Wednesday. Hastings joins the four existing directors on Anthropic’s board, which include CEO Dario Amodei, president Daniela Amodei, Spark Capital general ... Read more ›
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Telegram founder Pavel Durov said Wednesday that his messaging app will offer access to Grok, the AI chatbot from Elon Musk’s xAI. The deal expands Grok’s distribution to Telegram’s more than one billion users. XAI will pay Telegram $300 million in cash and equity as part of the deal, as well as ... Read more ›
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A new front has opened in the AI race between the U.S. and China. A six-month old Chinese startup has jumped into the market for coding assistants aimed at amateurs, hoping to make a global splash the way Chinese firms DeepSeek and Manus did in open-source models and AI that controls web browsers, respectively.YouWare, created by a 20-person team based in Shenzhen, has garnered tens of thousands of daily active... Read more ›
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Instacart named Chris Rogers, its chief business officer, to succeed Fidji Simo as CEO. Simo had previously said she would leave to join OpenAI. On Wednesday, Instacart said in a securities filing that her departure was effective on Aug. 15. Rogers, who is based in Canada, has been with ... Read more ›
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Artificial intelligence is ready to disrupt the $1.2 trillion U.S. e-commerce industry. And ad giants, retailers and payment companies are bringing in reinforcements. The Information tracked 14 executives leading key products and partnerships at the center of an AI-driven shift in how people shop for and buy things online. These include Prakhar Mehrotra, whom PayPal recently hired in a new AI role for the payments company, and Carl Rivera, who... Read more ›
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After six weeks of testimony, the trial for the Federal Trade Commission’s antitrust lawsuit against Meta Platforms concluded on Tuesday. Both sides can now file additional briefs in the case this summer. Judge James Boasberg, who is presiding over the case, will then issue an opinion on whether ... Read more ›
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In recent weeks, there were growing signs that all wasn’t well inside Meta Platforms’ generative artificial intelligence group. The group’s pulse score—an internal measure of employee satisfaction—was among the lowest in the company, according to a person familiar with the matter. In feedback to leaders, group members complained about burnout, infighting and a lack of focus, the person said. To address that burnout, Meta’s leaders earlier this month took the... Read more ›
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Marc Benioff is in his happy place once again, buying companies. Salesforce’s deal to buy data management firm Informatica for $8 billion in cash is the first sizable acquisition Benioff has done since a bunch of activist investors in late 2022-early 2023 forced him to focus more on profits and less on deals. And it comes at a critical time for Salesforce: an explosion of AI “agent” software, which can... Read more ›
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The OpenAI deal that values Jony Ive’s artificial intelligence startup at $6.5 billion stands to reward investors in the stealth company handsomely—at least on paper.After becoming one of OpenAI’s biggest outside shareholders, Thrive Capital last year invested about $30 million in the device startup, called Io Products, according to a person familiar with the deal. That made Thrive one of the biggest investors in Io, which has been exploring several... Read more ›
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Texas signed an online child safety bill into law that would require app stores owned by Apple and Google to authenticate the ages of its users. The bill is intended to keep children away from harmful content found in apps that have been deemed to be inappropriate, including social media and ... Read more ›
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We are just one week away from our fifth annual creator economy event in Los Angeles!This year’s event, called The Future of Influence: What’s Next for Creators, Entertainment & AI, will bring together about 250 people, including creators, entrepreneurs, brands, tech executives and investors shaping the sector. (It’s not too late to buy a ticket here!)Creators are at the helm of entertainment, pop culture, media and advertising. While their power... Read more ›
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Elon Musk’s Neuralink raised $600 million at a valuation of $9 billion, Semafor reported Tuesday, citing anonymous sources. The brain-computer interface company implanted its third chip last month into the brain of an Arizona man with ALS. The Food and Drug Administration cleared Neuralink for ... Read more ›
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Apple claimed that it stopped more than $2 billion in fraudulent transactions and blocked 2 million risky apps from entering its App Store in 2024. Apple released the figures less than two weeks ahead of its annual developer conference and at a moment when it has suffered a series of potentially ... Read more ›
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President Donald Trump’s media company is raising $2.5 billion from big investors to buy bitcoin, deepening the president’s involvement in cryptocurrency. Trump Media & Technology Group, which operates Trump’s social media company Truth Social, will be following the lead of several other big ... Read more ›
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Most popular sources
Business Insider
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44% 17 |
Wired
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10% 6 |
Gizmodo
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9% 4 |
MacRumors
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6% 4 |
Vox
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6% 4 |
| View sources » | |
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05.11.2025 14:34
Last update: 14:25 EDT.
News rating updated: 21:21.
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