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
As TikTok kicks off its legal fight against a ban or forced sale of the app in the U.S., our chart below shows just how much competition it faces from other big tech companies, which stand to gain from a potential retreat. While Instagram Reels and YouTube Shorts are the two most popular alternatives among creators to TikTok, other companies including Twitch and LinkedIn have more recently started experimenting with... Read more ›
2
If you’re looking for the social media stock that could, just maybe, break the logjam of the digital ad market—where Meta Platforms and Google take the lion’s share of spending, leaving the rest to everyone else—you might want to check out Pinterest. Yes, we’re talking about the company many investors likely left for dead a couple of years ago, when it was bleeding users and senior executives. Its first-quarter results—when... Read more ›
28
The “Steamboat Willie” version of Mickey Mouse emerged in 1928 from Walt Disney’s passion project to marry cartoons with synchronized sound. It lost copyright protection on Jan. 1 as generative artificial intelligence tools launched a creative revolution threatening Hollywood’s business model. New generative AI tools such as OpenAI’s Sora, which creates videos from text prompts, make it easier for anyone to be a 21st-century Walt Disney. Using a text-to-video AI... Read more ›
0
For all that’s leaked about the sizes and architectures of the advanced large language models developed by OpenAI and its ilk, we still don’t know what data they were trained on.A pessimist might say that’s because of the numerous lawsuits LLM developers would face if the amount of copyrighted content they were using was revealed, but a more generous explanation would be that it’s because the makeup of their training... Read more ›
15
The day President Joe Biden signed a law that would ban TikTok in the U.S. if it doesn't cut ties with its Chinese parent, ByteDance, within a year, TikTok CEO Shou Zi Chew and other senior executives led an all-hands meeting for staff, reassuring them that TikTok will successfully fight the new law. Chew struck an optimistic tone. At one point, according to six employees in attendance, the CEO joked... Read more ›
1
Over the last five years, there have been promising advances in climate technologies—and they could have a real impact on reducing greenhouse gases. But all of these technologies have one thing in common: They need support for a large range of financial needs. Steve LeVine, editor of The Electric, sat down with three climate tech venture veterans to discuss why funding climate technologies is a smart investment: Brook Porter, partner... Read more ›
0
You can just imagine what Disney CEO Bob Iger was thinking today: If it’s not one thing, it’s another. Disney surprised the market by reporting that its streaming services all but broke even in the March quarter, a notable achievement given that it was wallowing in red ink just a few quarters ago. But the pesky worrywarts of the stock market chose to worry about Disney’s forecast of a slowdown... Read more ›
0
Venture capitalists are getting comfortable writing big checks again, judging by April deal activity. The lingering panic that’s occupied the private tech markets for the past two years is subsiding, investors say, due to the stock market’s rebound and because these larger investors are fed up with hoarding cash. So, despite the slow recovery of initial public offerings and persistently high interest rates, the prevailing sentiment is pretty much: ‘If... Read more ›
0
Ahead of Monday night’s Met Gala, you had to wonder whether TikTok’s first-time sponsorship of the high-profile fashion and fundraising event would set up an awkward dynamic given the app’s uncertain future in the U.S. Instead, the Met Gala had an artificial intelligence problem, not a TikTok one. Read more ›
2
Google’s cloud computing unit is adding hundreds of salespeople and engineers to new artificial intelligence–focused teams—including staff moved from other parts of Google Cloud—as it embarks on a major push to get businesses to adopt its Gemini model and other AI software. In recent weeks, the company has been moving salespeople from teams focused on particular industries and geographies to a dedicated AI sales team run by Oliver Parker, a... Read more ›
13
China-founded fashion giant Shein told employees it is stepping up its efforts to keep products made with forced labor off its site, citing tougher U.S. enforcement to screen low-value parcels that previously received little customs scrutiny. In a memo to senior managers, Shein’s executive chair, Donald Tang, said the company is prioritizing compliance and called on U.S.-based managers to report potential issues, saying people who raise “legitimate concerns” won’t be... Read more ›
0
It’s been hard to miss the absolute beating AI-powered devices have gotten in recent weeks.First, we saw YouTuber Marques Brownlee’s scorching review of the $699 Humane Ai Pin, which he deemed the “worst product” he’s ever reviewed. (Yikes.)Next, the rabbit r1, a kitschy, bright-orange handheld device that first went viral when it launched at the Consumer Electronics Show in January, came under fire as its founders were accused of being... Read more ›
0
In late 2021, Jonah Peretti, CEO of BuzzFeed, logged onto a virtual all-hands meeting to tell the staffers of Complex—a publication BuzzFeed was then in the process of acquiring—how much the media brand meant to him. In an effort to connect with Complex’s coverage of sneaker culture, Peretti recalled a prank he had pulled as a graduate student in 2001 in which he tried unsuccessfully to get Nike to embroider... Read more ›
17
Ted Sarandos should be pleased. Sunday night’s roast of retired NFL quarterback Tom Brady, aired live on Netflix, was a cultural hit, judging from the flood of praise on X (see here, here and here) and news media coverage like this. If nothing else, this symbolizes what old-TV giants have lost to Netflix. People of a certain age may remember that comedy roasts used to be the domain of Paramount... Read more ›
2
A week after reporting a battery development agreement with an unnamed maker of smartphones, silicon battery maker Enovix on Monday laid off approximately 170 workers at its Fremont, Calif., factory. The layoff appeared to be part of a company attempt, announced last week, to reduce annual operating costs by $35 million before the end of the year. In the company’s first quarter earnings call on Wednesday, CEO Raj Talluri said... Read more ›
0
For the first time since it invested more than $10 billion into OpenAI in exchange for the rights to reuse the startup’s AI models, Microsoft is training a new, in-house AI model large enough to compete with state-of-the-art models from Google, Anthropic and OpenAI itself.The new model, internally referred to as MAI-1, is being overseen by Mustafa Suleyman, the ex-Google AI leader who most recently served as CEO of the... Read more ›
126
When Goldman Sachs CEO David Solomon gathered two dozen tech executives, bankers and investors to a wine and steak dinner in Las Vegas last November, seated next to him was Cliff Obrecht, co-founder of Canva, a $26 billion privately held design software company. Canva is exactly the kind of company Goldman would look to take public one day—profitable and growing fast. But Solomon’s investment banking giant wasn’t waiting for an... Read more ›
0
Last week, the Biden administration released its final rules attempting to cut China out of the U.S. battery supply chain and encourage American companies to build battery and electric vehicle manufacturing capacity in the U.S. It left one conspicuous opening for Chinese companies: For two years, they could continue to supply graphite to U.S. battery manufacturers and automakers, who claimed that without the exemption, none of their EVs would qualify... Read more ›
1
Welcome, Weekenders! In this newsletter:A race against Apple that didn’t go as expectedSilicon Valley’s favorite new supplementsPlus: The terrors of an AI afterlife; a CEO who loves to war; and the hit that Netflix missed.A very rare watch sold for $1.5 million at auction a few days ago, a 14-karat gold heirloom belonging to John Jacob Astor IV, the man who opened the Waldorf Astoria hotel in Manhattan and died... Read more ›
0
Everyone in Silicon Valley is on something these days. In all, the global supplement industry is expected to surpass $192 billion in 2024, driven by web ads, podcast hosts and word-of-mouth recommendations. There are the time-tested basics, like creatine and protein powders, as well as a medicine cabinet’s worth of more unusual and much less proven ones, such as fadogia root (a purported testosterone booster) and magnesium L-threonate (commonly used... Read more ›
0
Most popular sources
Business Insider
|
25% 6 |
The Verge
|
9% 3 |
Tech Wire Asia
|
8% 1 |
Android Authority
|
8% 5 |
Tom's Hardware
|
8% 5 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
27.11.2024 11:37
Last update: 11:31 EDT.
News rating updated: 18:33.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.