In just two years, Chinese-owned Temu has come out of nowhere to become one of the best-known bargain shopping sites, known for its ultracheap and sometimes wacky gadgets and apparel. U.S. consumers are expected to spend about $18 billion on the site this year. Behind the scenes, though, Temu has encountered trouble with the bank that was handling those payments. Citigroup, the fourth-biggest U.S. bank, stopped handling payments for Temu... Read more ›
17
Baidu, which operates China’s largest search engine, plans to announce a pair of AI-powered smart glasses amid the rising popularity of the products globally, Bloomberg reported. The move could accelerate demand for AI-powered smart glasses in China, a market that is currently served by local ... Read more ›
0
Amazon, the largest cloud computing provider, is discussing making another multi billion-dollar investment in Anthropic, The Information reported on Thursday. During negotiations, Amazon has asked the OpenAI rival to use a large number of servers powered by AI chips the cloud provider developed ... Read more ›
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Considering the political rifts in tech this presidential election exposed, you might think Silicon Valley is about to fracture into a scenario in which blue venture capitalists widely refuse to work with red investors and founders—and vice versa. But we’re not so sure.There’s no doubt that at times during the campaign, the rhetoric between Donald Trump backers in tech like Elon Musk and Kamala Harris backers like venture capitalist Vinod... Read more ›
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A little more than a year ago, few people in San Francisco could have foreseen Daniel Lurie running away with the mayor’s race: Lurie, a Levi Strauss heir who founded an anti-poverty nonprofit, Tipping Point, had never held elected office. But his outsider status and moderate policy proposals on public safety, housing and homelessness—along with record spending to raise his profile—propelled him to a stunning victory this week over incumbent... Read more ›
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Palantir, which sells software to governments and enterprise firms, announced on Thursday that Anthropic’s Claude 3 and 3.5 models became available earlier this month to U.S. defense agencies through its AI platform, which allows customers to automate tasks, such as responding to emails. ... Read more ›
0
Amazon is discussing making a second multibillion-dollar investment in OpenAI rival Anthropic, according to a person involved in the discussions. The new deal is similar to Amazon’s initial $4 billion dollar investment in the startup, which was struck last year. But this time, Amazon wants Anthropic to make a concession. The cloud giant is asking Anthropic, which uses Amazon’s cloud services to train its AI, to use a large number... Read more ›
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A venture capitalist is stepping into one of the highest offices in the U.S.—the vice presidency—but whether he’ll be a friend or foe to Silicon Valley is still unclear. Ohio Sen. J.D. Vance should know what helps startups and their investors, thanks to his five years working in venture capital. During that time, he made early-stage investments in a handful of companies as Peter Thiel helped him establish relationships across... Read more ›
0
Anysphere, which has created a code generation assistant called Cursor, and Mercor, a staffing provider for OpenAI and other AI developer companies, are both speaking to investors about raising at valuations of over $2 billion, The Information reported Wednesday. Both companies have landed term ... Read more ›
2
Snowflake CEO Sridhar Ramaswamy, who joined last year in its acquisition of AI search startup Neeva, is continuing to bolster his senior leadership ranks. Dwarak Rajagopal, a senior engineering director at Google who worked in a unit that builds large language models for products like YouTube ... Read more ›
0
Trendy athleisure maker Vuori will allow some employees and investors to sell shares in a deal that values the company at around $5.5 billion, Bloomberg reported Thursday. The tender offer is around $825 million, the report said, and is being led by growth equity firms General Atlantic and ... Read more ›
0
Electric vehicle maker Rivian reported lower deliveries and a 35% decline in third-quarter revenue in part because of a shortage of a key part. The company’s quarterly loss declined from a year earlier because of lower expenses, and Rivian said it expects to post its first gross profit in the ... Read more ›
0
I was surprised last week when Meta announced on its earnings call that its text-based app Threads has almost 275 million monthly active users. Threads rarely comes up in my conversations with creators—or brands—though when you pop into the app it’s not a ghost town either. That got us thinking about where exactly Threads’ growth is coming from. Earlier today, my colleague Kalley and I published a story answering that... Read more ›
0
Pinterest’s revenue growth slowed to 18% in the third quarter, even as its net income soared to $30.55 million and users grew steadily. Pinterest stock fell nearly 15% after the company projected even slower growth in the fourth quarter. The online scrapbooking company’s growth had ... Read more ›
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Airbnb’s growth slowed further in the third quarter, with revenue expanding 10%, down one percentage point from the second quarter by eight points from the first quarter. The accommodation-booking service continues to churn out huge amounts of cash however, reporting $1.1 billion in free ... Read more ›
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Meta Platforms CEO Mark Zuckerberg last week said Threads, his company’s microblogging app, was on track to be the company’s “next major social app.” Threads appears to be catching up to its main competitor, X. In October, Meta said Threads had almost 275 million monthly active users. That was up 38% from three months earlier—the largest quarterly increase in users since shortly after Meta launched Threads in July 2023. Read more ›
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Warner Bros. Discovery reported a 4% drop in revenues and lower profits, as weakness at its studio and its cable channels was partly offset by growth at its streaming services. WBD’s studios segment experienced a sharp decline in profits at its studios, where recent movie releases ... Read more ›
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Warner Bros. Discovery CEO David Zaslav said the incoming Trump administration may help speed up much-needed consolidation in the entertainment industry, noting that “if the best content is going to win, there needs to be some consolidaton…in order to have these businesses be stronger and ... Read more ›
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We don’t know how Donald Trump and his administration will handle open-source artificial intelligence, as Stephanie wrote on Wednesday. But AI developers in the U.S. should expect to benefit from easier access to more energy sources and face fresh uncertainty in the AI chip industry, policy experts said on a call with subscribers to The Information on Wednesday.Power has become a major concern for those building AI models and operating... Read more ›
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Donald Trump’s election could put Tesla CEO Elon Musk in a tough spot, caught between his support for the president-elect and Trump’s tough stance toward China, Tesla’s second-biggest market. But Musk could instead thrive by proving a valuable bridge between Trump and Chinese leader Xi Jinping. Here’s why: Tesla’s electric vehicle sales in China have slipped over the past year even as EVs and plug-in hybrids have soared to more... Read more ›
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Most popular sources
Business Insider
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32% 12 |
Financial Times
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15% 14 |
The Verge
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14% 8 |
Gizmodo
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6% 2 |
Tom's Hardware
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6% 1 |
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23.11.2024 22:33
Last update: 22:20 EDT.
News rating updated: 05:20.
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