Things have never been better for Shopify. The e-commerce firmâs 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 âș
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Sam Altman seems to be trying to set a new world record for creating a vertically integrated tech company in as little time as possible. The deal he and former Apple design chief Jony Ive announced Wednesday, under which OpenAI will buy Iveâs AI hardware startup io at a valuation of $6.5 billion, is striking on a number of levels. And not just because OpenAIâs gauzy blog post is reminiscent... Read more âș
0
Snowflake shares rose more than 7% after its first-quarter earnings, as the company hit $1 billion in quarterly revenue for the first time and exceeded its product revenue forecast by some $40 million. Investors seem to be on board with CEO Sridhar Ramaswamyâs plan for competing in a ... Read more âș
0
Coreweave, the debt-laden data center builder, sold $2 billion in high-yield bonds, $500 million more than expected, a sign investors will continue to fund the costly buildout of artificial intelligence computing power. The funds will be used partly to repay Coreweaveâs outstanding debt, the ... Read more âș
0
Microsoft planned to release a mobile app that would have let iPhone users purchase Xbox games last year, but has been unable to do so because Apple wouldnât let it collect payments through the store without taking a cut, Microsoft said in a court filing on Tuesday. Microsoft submitted the ... Read more âș
2
Six years after Nike stopped selling through Amazon in favor of going direct to customers through its own stores and website, the two companies are getting back together. Amazon plans to start selling Nike products with supplies coming directly from the company, an Amazon spokesperson confirmed on Wednesday. Winning back one of the worldâs best-known brands is a victory for Amazon, which has long tried to expand its fashion business... Read more âș
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I spent Tuesday evening at the Italian Embassy in Washington, where I moderated a discussion about the growth of the creator economy and how governments should be thinking about working with influencers. The convergence of politics and creators has been building slowly over time. Case in point: 10 years ago, Michelle Obama invited Vine stars to the White House, which was an unusual choice of guest at the time. But... Read more âș
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Google is starting to experiment with showing ads in its chatbot-style AI Mode search tab, ads chief Vidhya Srinivasan announced on Wednesday at the companyâs Google Marketing Live conference. AI Mode, which has been in preview for people who opted in, launched to everyone in the U.S. who uses ... Read more âș
0
OpenAI is acquiring io, an AI device startup started by former Apple design chief Jony Ive and OpenAI CEO Sam Altman, for close to $6.5 billion, according to a person with knowledge of the deal. The news confirms The Informationâs report last month that OpenAI was considering buying the startup. ... Read more âș
11
Figure Technology, the fintech firm co-founded by former SoFi CEO Mike Cagney, said it sold a pool of $50 million loans that are backed by the borrowersâ crypto assets to Janus Hendersonâs private credit arm Victory Park Capital, opening up a new source of funding for its lending business. Itâs ... Read more âș
0
Google seems to have finally learned its lesson about announcing products that arenât yet ready for release to the public. At its annual I/O developer conference on Tuesday, the company launched a flurry of products, many of whichâincluding its chatbot-style search tab AI Mode, its new Veo video model and its coding assistant Julesâwere immediately available for users.Reactions were largely positive. Developers told us that they were excited to try... Read more âș
0
Banks are racing to embrace cryptocurrencies, triggered by pending legislation in Washington that could set off the biggest shift toward crypto yet in the traditional financial system. Banks and the companies whose technology underpins much of the finance industry say the shift could become clear as soon as this summer, when banksâ business customers would be allowed to pay overseas suppliers with stablecoins and consumers would be able to use... Read more âș
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Nvidia CEO Jensen Huang called U.S. export controls on artificial intelligence to China a failure, saying the restrictions empowered Chinese chip developers and caused Nvidiaâs market share in the country to decline. âLocal companies are very talented and the export controls gave them the spirit ... Read more âș
0
Waymoâs co-chief executive officer Tekedra Mawakana said at Google I/O Tuesday that the self-driving car company has completed 10 million paid rides, including rides on the Waymo One app and the Uber app. The companyâs other chief executive officer, Dmitri Dolgov, said on X that half were from ... Read more âș
0
With its Ray-Ban smart glasses, Meta Platforms has had the high-tech eyewear market pretty much to itself. But Googleâs unveiling on Tuesday of its own glasses, using software developed with Samsung and to be made in conjunction with Warby Parker and Gentle Monster, an edgy Korean eyewear brand, signals thereâs a new kid on this block. Now all we need is for Apple to jump in!Googleâs version isnât Google Glass... Read more âș
7
Palo Alto Networks said Tuesday that revenue rose 15% in its fiscal third quarter ended April 30, thanks to businessâ increasing purchases of its cloud-based cybersecurity tools. Growth, however, has stalled at roughly the same pace as the prior two quarters and the company predicted revenue ... Read more âș
15
All the glory within venture capital firms goes to dealmakers who find the next big investments. But a new group that also focuses on selling rather than just buying is now playing a crucial role in the firms as they struggle to return cash to their clients. Former bankers or private equity investors at large VC firms such as New Enterprise Associates, General Catalyst and Lightspeed Venture Partners, for example,... Read more âș
15
Creators have been cashing in on the ecommerce boom for at least a decade, by recommending links to products and taking a cut of any resulting purchase. Itâs been harder for TV firms to take advantage. Shopsense AI, a startup founded early last year by former Amazon and Klarna executives, is trying to change that. The company has been making it easier for viewers to shop for everything they see... Read more âș
0
Abridge, a seven-year-old startup that sells artificial intelligence software for transcribing physiciansâ conversations with patients, is in discussions with investors to raise hundreds of millions of dollars at around a $5 billion valuation before the investment, according to two people with knowledge of the plans. The funding would nearly double Abridgeâs last private valuation, announced three months ago. At the same time, younger rival Ambience Healthcare is raising capital that... Read more âș
0
XAI is building another artificial intelligence data center, which is expected to hold one million Nvidia artificial intelligence chips, Elon Musk said during an interview with CNBC on Tuesday. Musk said the data center will be in a âlocation just near Memphis,â where xAI has a cluster of over ... Read more âș
0
Google on Tuesday unveiled a partnership with Warby Parker to introduce smart glasses, posing a major threat to Meta Platformsâ market lead in smart glasses. The glasses were among a slew of new products and features announced at its I/O developer conference on Tuesday. Much of Tuesdayâs presentation showed how Google is moving ahead on multiple fronts to defend its most important business of search advertising from incursions by ChatGPT... Read more âș
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Most popular sources
Business Insider
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45% 12 |
Wired
|
8% 8 |
Gizmodo
|
8% 4 |
Vox
|
7% 5 |
Eurogamer.net
|
7% 6 |
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05.11.2025 17:12
Last update: 17:05 EDT.
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