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
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Venture investors are paying a hefty premium to back robotics startups harnessing artificial intelligence, hoping one of them can become the robotics version of OpenAI. In the latest example, Skild, a young firm that has been developing software to power various robots including ones with two or four legs, is nearing a deal to raise nearly $300 million from Lightspeed Venture Partners, Coatue Management and others at a $1.5 billion... Read more âș
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As logistics company Flexport looks to turn itself around after messy executive drama and a broader freight market slump last year, itâs leaning on an increasingly important customer: China-founded fast-fashion giant Shein. As of March, Flexport was arranging two Boeing 747Â flights each week filled with goods sold by Sheinâknown for its $3 crop tops and $10 dressesâand headed for its U.S. buyers, according to a person who worked at... Read more âș
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Tesla reports its earnings on Tuesday, and itâs likely to be a doozy. Elon Muskâs electric vehicle maker has already told analysts the number of Teslas it sold in the first three months of the year was about 9% lower than for the same period a year earlier. Wall Street analysts are currently expecting a 4% dip in revenue compared to the first three months of 2023. Tesla spent the... Read more âș
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Meta Platforms made a splash Thursday with the release of Llama 3, the latest version of its popular open-source large language model, though we stole some of the thunder with our scoop earlier this month. Developers have a lot to say about itâmost of it good.For the most part, the 8-billion and 70-billion parameter versions of Llama 3 outperform similarly sized LLMs from Google, Mistral and Anthropic, according to the... Read more âș
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To get a slice of hot artificial intelligence startups like OpenAI and Anthropic, investors have been flocking to investment vehicles that pool money from several parties to back just one company. These structures, known as special purpose vehicles, have long been part of Silicon Valley business but have quietly mushroomed as demand for AI startup stakes has skyrocketed. When Thrive Capital earlier this year led a purchase of existing OpenAI... Read more âș
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Chinese companies dominate the processing of virtually every metal in an electric vehicle battery and make more batteries and EVs than anyone. But in no area of the battery and EV industries are they more dominant than in the production and processing of graphite, a material used in every commercial EV battery anode on the planet. China produces virtually all the worldâs battery-grade processed natural graphite. That became an issue... Read more âș
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Erich Andersen, the general counsel of TikTok and its Chinese parent company ByteDance who has overseen the companyâs national security negotiations with the U.S. government, has told other senior TikTok executives that he is planning to step down from his current role. In a note he sent on Sunday morning to TikTok leaders and his own legal team, which was viewed by The Information, Andersen said he will, for the... Read more âș
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Welcome, Weekenders! In this newsletter:The other Altman is ready for his close-upWhen a fake hurricane makes for good VC networkingThe Top 5: Best philanthropic advisersPlus: Taylor Swiftâs cybersecurity woes; a demented poker game; and the unsung heroes of the sea who keep the internet afloat.Judging by the critical unison about Humane AI and its $699 Pin device, the artificial intelligence gadget sure seems like a dud. Generally, the critics have... Read more âș
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So youâve sold your company, hit it big in crypto or maybe discovered that a long-promised trust fund has more in it than expected. How do you give some of it away? And who can helpâespecially if you donât want to go the stuffy old-money route and etch your name onto some hard surface at Harvard? Fortunately, a crop of modern philanthropic advisory firms has sprung up in recent decades.... Read more âș
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Two weeks ago, things turned dire in Hampton Roads, Va. A hurricane slammed into the main shipyard, one of the countryâs most important naval bases, raising questions about the impact of climate change and the future of military contracting in the area. In the disasterâs wake, politicians, union leaders and millionaires rushed to lobby, bribe and connive their way into somehow benefiting from the catastrophe. Such was the scenario prepared... Read more âș
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Get ready. The tech news cycle is about to go into overdrive. Next week weâve got March-quarter earnings from Google, Microsoft and Meta Platforms. The first two will be closely watched for what we can glean about how artificial intelligenceâpowered services are lifting revenues, while Meta CEO Mark Zuckerberg is sure to wax eloquent about his hopes and dreams for dominating AI when he speaks on Wednesday. But those earnings... Read more âș
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As TikTok owner ByteDance ramps up its efforts to develop artificial intelligence, the Chinese internet giant recently elevated an executive leading the AI development to report directly to CEO Liang Rubo, according to two employees with direct knowledge of the matter. The decision to put the executive, Zhu Wenjia under Liangâs supervision is the latest indication of how AI has become an urgent priority for the company. Zhuâs team has... Read more âș
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The companies change but the debates stay the same. I was thinking about that during this week's recording of More or Less as we debated the future of Teslaâthe technology and car company. Or is it just a car company? That plus, why TikTok launched its new app and a breakdown of some misleading tech worker statistics. Hope you enjoy. Apple Spotify YouTube Read more âș
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As the creator economy rises, so do the products and agencies that serve content creators. One such agency is Whalar, one of the fastest-growing creator agencies. As part of the recent Creator Economy Summit, Jessica Lessin, founder and CEO of The Information, sat down for a fireside chat with Neil Waller, co-founder of Whalar, to discuss creators as entrepreneurs, how they can diversify revenue, and the importance of creating content... Read more âș
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Few things matter more to Jack Altman than bedtime with the Altman siblings:Â the two-year-old daughter and four-year-old son he shares with his wife, Julia, who is pregnant with their third child. âChildhood is such a short period. Maybe you get 10 years where your kids want nothing more than to be with you,â he said as we settled into the Altmansâ sunny Burlingame, Calif., dining room, its glass-paneled walls... Read more âș
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The Informationâs readers have cooled on their outlook for the technology sector. In our April survey, 33% of readers said they expect conditions to improve and 17% said they expect conditions to worsen. Thatâs markedly less optimistic than earlier in the year. In February, those expecting conditions to improve outnumbered those expecting them to worsen by 62% to 11%. Sentiment about 14 big tech companies generally followed the same pattern.... Read more âș
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Over the past six years, a Chinese startup called Tymo built a respectable online business in the U.S. selling hair dryers, curlers and straighteners, mainly on Amazon. Last year, though, it began selling its goods on the U.S. version of TikTok Shop, the viral video appâs new e-commerce platform, after TikTok recruited Tymoâs business. The difference in results was dramatic. Last month, for example, Tymo began selling a hair curler... Read more âș
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Google CEO Sundar Pichai has been criticized for avoiding tough decisions, but on Thursday he may have resolved one of the biggest questions hanging over the company: what to do about Android, the main rival to Apple as a smartphone operating system. Android has long played second fiddle to the iPhone in the U.S. while dominating globally. But lately, it has been losing more ground to Apple in key markets.On... Read more âș
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Cybersecurity company Lacework is in talks to sell to its competitor, Wiz, for between $150 million and $200 million, a fragment of its 2021 valuation of $8.3 billion, Cory and Aaron report. Itâs a painful ending for the investors that poured nearly $2 billion into the 9-year-old startup, as well as the employees, who were hoping for a much better outcome.Lacework was incubated by Sutter Hill Ventures, meaning the venture... Read more âș
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Itâs very likely that you have heard the term âFAST channelâ bandied about recently, considering how often it gets brought up within the streaming industry. These âfree ad-supported televisionâ channels have proliferated on internet services like Pluto TV, Tubi and The Roku Channel that carry a continuous feed of video. This 24-hour programming cycle has already started to vacuum up the biggest creatorsâ video content. MrBeast, for example, launched a... Read more âș
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Most popular sources
Business Insider
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29% 0 |
Tech Wire Asia
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9% 0 |
The Verge
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7% 1 |
Eurogamer.net
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7% 4 |
Gizmodo
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7% 1 |
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27.11.2024 15:31
Last update: 15:26 EDT.
News rating updated: 22:20.
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