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
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
3
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
0
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
0
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
6
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
0
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
0
Thereâs a new order at Tesla: The company said Monday it would eliminate 10% of its workforce, and two key executives who reported directly to CEO Elon Musk have departed. At least 35 people now report directly to Musk, according to Teslaâs internal org chart, which The Information viewed. (See our updated Tesla Org Chart here.) The new additions include key executives overseeing energy, public policy and business development, the... Read more âș
0
Cybersecurity startup Wiz is in advanced talks to acquire Lacework, one of its largest private competitors, according to two people with direct knowledge of the talks. The deal values Lacework at between $150 million and $200 million, according to one of the people, a sharp decline from the companyâs 2021 valuation of $8.3 billion. The talks come as small cybersecurity firms offering individual products are facing a tougher competitive environment,... Read more âș
28
When youâre covering a space as hyped-up as generative AI, it can be easy to become jaded and overly skeptical (something I have to combat every time I see yet another AI funding round valued at a 100-times forward revenue multiple).But, thereâs still plenty in AI to be excited aboutâjust take a look at this piece from my colleague Aaron Holmes, which highlights the startups and big tech companies getting... Read more âș
3
As many businesses remain cautious about spending on conversational artificial intelligence, AI providers such as Microsoft, OpenAI and Google are racing to make the technology more of a must-haveâby introducing new features that can handle complex tasks with little guidance from the customer. Microsoft, for instance, is making software to automate multiple actions such as creating, sending and tracking a client invoice based on their order history or rewriting an... Read more âș
1
Tesla CEO Elon Musk is vowing accelerated development of the fully driverless Robotaxi, brushing aside calls from analysts and investors to walk back his abrupt postponement of a long-awaited $25,000 electric vehicle. âGoing balls to the wall for autonomy is a blindingly obvious move,â Musk said in a tweet Tuesday. âEverything else is like variations on a horse carriage.â Read more âș
0
Itâs good to see that Teslaâs board is focusing on whatâs important. The electric car maker revealed today that it will put Elon Muskâs contentious 2018 pay package to a shareholder vote again in mid-June, along with a proposal to move the companyâs corporate domicile to Texas from Delaware. The pay vote makes sense: Musk created value and should get paid. A Delaware judge voided the package after shareholders filed... Read more âș
26
After a bruising couple of years for cash-burning financial technology startups, valuations are starting to rise again. Khosla Ventures and Founders Fund are co-leading a $150 million financing of Ramp, which offers credit cards and software for managing corporate expenses, at around a $7.65 billion valuation including the new capital, according to a person who spoke to Ramp executives about the deal. That number, which is up 36% from its... Read more âș
38
Thereâs a palpable anxiety in Hollywood about AI leading to job losses or automating some of the creative process. Creative Artists Agency, the talent agency that represents stars like Brad Pitt and Reese Witherspoon, is also trying to figure out how entertainers can benefit. Last fall, the talent agency started testing a new initiative called CAA Vault with certain A-listers that allows them to make a digital double of themselves. Read more âș
0
A year ago, the board of Salesforce, one of the most acquisitive companies in tech, disbanded its mergers and acquisitions committee as it faced pressure from activist shareholders to reduce spending. The economic backdrop had sent deal-hunters into hiding. Forecasters braced for a global recession. Investment bankers complained they had nothing to do.But in recent days thereâs been signs that the deal market is beginning to turn. News last week... Read more âș
0
More than two-thirds of The Informationâs readers think Joe Biden would be a better president for the technology sector than Donald Trump, despite the Biden administrationâs aggressive antitrust policies and moves to regulate artificial intelligence. Roughly 68% of respondents to The Informationâs latest reader survey said they believe Biden would be better for tech, compared with 32% who think Trump would be better for tech. The Information surveyed readers from... Read more âș
0
There are plenty of reasons generative artificial intelligence hasnât taken off with businesses as much as pundits expected, including high costs and errors (i.e. hallucinations). One less-discussed reason is that conversational AI is simply hard to use. Big companies outside of tech canât often hire the kind of technical talent needed to make AI software cheap enough to use at scale or to connect the AI to their private data... Read more âș
43
When one-click checkout startup Bolt told investors it would buy back their shares at what amounted to a 97% discount on the companyâs late 2021 fundraising, it wasnât clear why the company would make such an unusual move. After all, Bolt was burning cash as revenue flatlined. A new lawsuit may provide an answer. Bolt co-founder Ryan Breslow, who stepped down as CEO two years ago, masterminded the lowball offer... Read more âș
0
Mistral, a Paris-based startup developing artificial intelligence that is open source, has been speaking to investors about raising several hundred million dollars at a valuation of $5 billion, according to a person with direct knowledge. The company, which has just recently begun to generate revenue, in December raised $415 million at a valuation of $2 billion. The possible back-to-back financing reflects investorsâ continued appetite for certain AI startups and the... Read more âș
8
Itâs not only tech companies that see artificial intelligence as a big new moneymaking opportunity. Itâs a potential gold mine for investment banks, according to Goldman Sachs CEO David Solomon. Using a newer piece of corporate lingo, Solomon âdouble-clickedââelaborated, in plain Englishâon the potential of AI while he was speaking on Mondayâs earnings call. The need for companies and governments to finance the infrastructure and power necessary for AI technologies... Read more âș
2
Most popular sources
Business Insider
|
32% 3 |
The Verge
|
10% 2 |
Tom's Hardware
|
7% 3 |
Eurogamer.net
|
5% 1 |
CNET
|
5% 1 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
27.11.2024 17:52
Last update: 17:45 EDT.
News rating updated: 00:41.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.