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
Take a bow, Andy Jassy! The spate of healthy big tech earnings continued on Tuesday, as Amazon reported what have to be described as robust first-quarter results. Its e-commerce business made money both in North America and overseasâthat hasnât been true since 2021âwhile cloud giant Amazon Web Services posted accelerating sales growth and much stronger profit margins. Overall operating profits more than tripled. Whatâs not to like? Amazonâlike Alphabet, Meta... Read more âș
0
Does it make sense to back rival language model companies Anthropic and OpenAI (and Cohere and Mistral)? Some investors seem to think so, taking an approach to startup investing that looks a little like buying an index fund with an array of tech stocks.Last week my colleagues and I broke the news that Sequoia Capital was among the investors in a new $6 billion fundraising for xAI, Elon Muskâs artificial... Read more âș
0
Today we report on more signs that investor appetite for creator economy startups seems to be returning. The latest example: newsletter publishing startup Beehiiv on Tuesday announced it closed $33 million in Series B funding led by NEA earlier this month. Existing investors such as Lightspeed Venture Partners also joined the round.  The deal extends a rebound in funding for creator startups from the first quarter of the year, which... Read more âș
6
I was catching up with the new AI Index Report from Stanfordâs Human-Centered Artificial Intelligence Institute when one section caught my eye. That was a forecast that weâll likely run out of high-quality language data needed for train AI models sometime this year.Thatâs a worrying timeline. So far, AI companies have improved their large language models by training them on lots of data combined with increasingly more computing power (a... Read more âș
0
Google has agreed to pay Wall Street Journal owner News Corp between $5 million and $6 million annually to develop new artificial intelligenceârelated content and products, according to a News Corp staffer and another person close to the deal. The new and previously unreported arrangement follows Googleâs recent termination of another content partnership with The Journal, resulting in layoffs at the news organization. The new arrangement, part of a longstanding... Read more âș
32
Frustrated by falling sales and the pace of layoffs carried out by his lieutenants, Tesla CEO Elon Musk is thinning his senior management team and laying off hundreds more employees. In an email late Monday to senior Tesla executives, Musk said Rebecca Tinucci, senior director of the companyâs Supercharger group and Daniel Ho, head of new products, would leave the company as of Tuesday morning. Read more âș
24
Maybe Elon Musk should visit China more often. Todayâs 15% rally in Tesla stock follows his quick visit there on Sunday (which incidentally also confirmed his statement last week that his seven-day-a-week work schedule means he rarely takes even Sunday afternoons off). The big news that came out of the visit, according to Bloomberg, was that Tesla got tentative approval from the government to deploy its driver assistance tech in... Read more âș
0
Last week, we spent a lot of time talking about Meta Platformsâ new open-source Llama 3 models. However, the one question that still remains unanswered is how Meta and other developers of open-source AI software will make money from itâan uncertainty that likely contributed to Metaâs stock drop on Thursday.Take Paris-based startup Mistral, for example, currently in talks to raise at a $5 billion valuation just months after raising at... Read more âș
0
Last week, Elon Musk told Tesla investors they should think about the electric vehicle maker âalmost entirelyâ in terms of a single goal: figuring out how to make its cars drive themselves, without human supervision. Whether Tesla is successful in that objective could come down to its efforts to perfect autonomous driving in places like San Franciscoâs Sunset District, a vast residential neighborhood flanked by the Pacific Ocean and Golden... Read more âș
0
When Teslaâs head of powertrain, Drew Baglino, resigned this month, along with Rohan Patel, vice president of public policy, and Martin Viecha, vice president of investor relations, they joined hundreds of senior and midlevel executives who have left the company over the years. As we show in the searchable Tesla Diaspora Database we are publishing today, if the trio follows the path of the others who have left, they will... Read more âș
17
When Teslaâs head of powertrain, Drew Baglino, resigned this month, along with Rohan Patel, vice president of public policy, and Martin Viecha, vice president of investor relations, they joined hundreds of senior and midlevel executives who have left the company over the years. As we show in the Tesla Diaspora Database we are publishing today, if the trio follows the path of the others who have left, they will likely... Read more âș
22
Welcome, Weekenders! In this newsletter:The great Tokyo gamble.Our favorite interior designersâŠfor rescuing boring offices. Billionaire nerd buys The Onion, thinks he can solve mediaâs problems (yes, weâre serious!). Plus: Yo-Yo Ma, Apple and global politics; a videogame legendâs unexpected new work; and Michael Douglas as our nationâs original nerd-preneur.Honestly, politics are only one of TikTokâs problems. Assuming the ban bill stands (after the expected lawsuit from TikTok and its users),... Read more âș
0
For quite some time, Jeff Lawson has kept up a running joke among friends and family. âBezos bought The Post, Benioff bought Timeâwell, Jeff Lawson is going to buy The Onion,â said Lawson, billionaire founder of Twilio, an unsexy enterprise software company that he ran until a recent series of battles with activist investors played out. Honestly, Lawsonâs quip is exactly the type of thing that could make for a... Read more âș
6
When Molly Martell, vice president of brand at San Francisco venture capital firm Headline, was tasked with revamping the companyâs offices in 2021, she sought out a design that âfelt like the antidote to Zoomâ and could fulfill a mandate for a âcozyâ space that wasnât âcold, gridded boxes,â she explained. For a minute, she and Headline considered going avant-garde, perhaps buying and remodeling a house or even a boat.... Read more âș
0
Phew, what a week! We got a blizzard of quarterly earnings updates from tech firms, most of them followed by investor calls that were full of artificial intelligence talk. Much of that was corporate blather, of course, but there were a few moments when actual information was transmitted. Not all of that was relevant to the subject at hand, to be sure. For instance, as Elon Musk was explaining layoffs... Read more âș
1
As the only non-venture capitalist on the More or Less podcast, I sometimes view these episodes as my window into VC therapy. And so, with Taylor Swift on my mind, I felt the angst of my VC compatriots as we recorded this week. We spent most of the time talking about another asset class: hedge funds and why there isn't likely to be another Bobby Axelrod of tech anytime soon.... Read more âș
0
As the market for creators continues to grow, itâs not all about creating engaging videos. As their channels get bigger, creators have become entrepreneurs. So whatâs the best way for creators to successfully expand a small business into a larger oneâand find new sources of revenue? What technologies exist to help them? And how have large brands jumped at the chance to reach these new audiences? Laura Mandaro, reporter for... Read more âș
50
In February, we launched the Creator Startup Takeover List, listing 45 startups in the sector that are potential acquisition targets. Most companies hadnât raised any capital since 2021, and, based on our reporting, some were actively seeking buyers. This week, one of those companies struck a deal. On Monday, Snipfeed agreed to sell its link-in-bio tool to Planoly, which sells a tool creators use to schedule social media posts. I... Read more âș
0
Just south of the vast Imperial Palace in downtown Tokyo lies the Kasumigaseki district, with blocks of offices constructed mostly during the last century when the country rose as one of the worldâs largest economic powers after World War II. Much of the Japanese government does its work here: A walk through this neighborhood of concrete and steel presents a slideshow of the numerous ministries and agencies that comprise the... Read more âș
12
Venture capitalists should try this fun game at their next (increasingly alcohol-free) game night: artificial intelligence funding mad libs.[VC fund 1] and [VC fund 2] lead funding round for [number]-year-old [type of AI startup], founded by professors at [name of university], at a $[some-billion] valuation.This week, that formula would have yielded announcements about robotics startup Skild one day and coding assistant startup Cognition the next. (To fill in the other... Read more âș
2
Most popular sources
Business Insider
|
26% 6 |
Tech Wire Asia
|
9% 0 |
The Verge
|
8% 1 |
Eurogamer.net
|
7% 4 |
Tom's Hardware
|
6% 3 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
27.11.2024 13:38
Last update: 13:31 EDT.
News rating updated: 20:32.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.