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
When Elon Musk arrived at Teslaâs Austin, Texas, factory last week to tour an expansion project on the south side of the 10-million-square-foot facility, he was furious. The expansion was part of a high-priority project for Musk: a data center for Dojo, a supercomputer Tesla is developing. Dojo is necessary to make full self-driving capabilities, powered by artificial intelligence, a reality for Teslaâs electric vehicles. But on that day in... Read more âș
33
These days, when I think of startups in the âcreator economy,â a subsector propelled by the rise of TikTok and influencers, I think of pricey disappointments like Cameo and Clubhouse, or one of several smaller ventures that shuttered in recent months. And I struggle to come up with any big winners, beyond giants like ByteDance and Instagram, which for years has been part of the Meta Platforms juggernaut. Investors, burned... Read more âș
0
We are so back (sort of). Funding for U.S. creator economy startups increased for the first time in two years, bucking a continued slump in overall funding for American startups. Investments in these U.S. startups more than doubled in the first three months of the year to nearly $341 million year-over-year, according to The Informationâs Creator Economy Database. Compare that to last yearâs dismal results, when funding dropped at least... Read more âș
0
Some companies like to pit workers against each other to encourage them to pull out all the stops. At Shopify, CEO Tobias LĂŒtke has been rolling out a new employee ranking system that puts that philosophy into actionâby making employees compete for pay rises. From now on, Shopify employees will only get a raise if they increase their skill levels at a faster rate than other colleagues at the same... Read more âș
78
Fame can be a double-edged swordâa lesson some artificial intelligence startups are learning the hard way.Take Devin, the AI-powered coding assistant developed by Cognition AI that went viral when it launched last month with an impressive demo showing how it could complete coding jobs on the freelance site Upwork. Techies across X and Reddit declared that software engineering as a career was dead.Over the weekend, though, a YouTube video titled,... Read more âș
0
Venture capitalists are warming to creator economy startups again. Funding for U.S.-based creator startups more than doubled in the first three months of the year to nearly $341 million, according to The Informationâs Creator Economy Database. The quarter marked the first year-over-year rise since early 2022 and defied a continued slump in total U.S. startup funding. Music startups and those formed by the creators themselves drove the rise. Dude Perfect,... Read more âș
39
We all know this hasnât been Appleâs year, between the so-so reaction to its Vision Pro mixed-reality headset, the cancellation of its car project, an antitrust lawsuit from the U.S. government, worries about its lagging status in artificial intelligence and, of course, the reality that iPhone sales are no longer growing. Apple stock is down around 10% for the year. But hey, at least Apple CEO Tim Cook gives the... Read more âș
43
In television, whatâs old is new again. After more than a decade of growth in streaming services that make viewers click on shows they want to watch âon demand,â a growing number of streaming services are offering new âchannelsâ that function more like old-style TV, with a continuous, scheduled stream of shows. Disney is the latest to expand in this market. The company plans to create a series of such... Read more âș
232
Iâm back in San Francisco after a busy week in Las Vegas, where my colleague Jon Victor and I spent days talking to Google Cloud customers about the difference between generative artificial intelligence hype and reality. At one point during the conference, I was sitting at a table in a chilly Mandalay Bay conference room when I heard a Google Cloud executive utter an all-too-familiar phrase: âWe donât believe one... Read more âș
8
It's the worst-kept secret in artificial intelligence. Many of the AI chatbots developed by startups were likely made using data from OpenAI and other firms, even though these startups are trying to undercut OpenAI, according to developers and founders. This practice has resulted in a startling competitive dynamic: Developers are charging their customers a fraction of what GPT-4 costs, and yet these low-cost services can mimic GPT-4 on some tasks. Read more âș
24
Former President Donald Trump and Jigar Shah, director of the Loan Programs Office in the U.S. Energy Department. Photo: Shutterstock; Energy Department.Virtually no one expects Donald Trumpâshould he win election in Novemberâto be able to fulfill his threat to repeal the Inflation Reduction Act and other programs supporting the U.S. electric vehicle and battery industries. But Trumpâs history and recent statements suggest he might flip the script on the EV... Read more âș
0
Welcome, Weekenders! In this newsletter:A secretive weapons billionaire and his never-ending transformationWhere art insiders and Silicon Valley collectors make their hidden-gem purchasesA power lunch to end all power lunchesPlus: Appleâs latest chase; Spider-Man takes on Big Brother; and a billionaire investorâs favorite book.A week ago, Demis Hassabis, the mastermind behind Googleâs artificial intelligence ambitions, was explaining how life works to me.  âProteinsâproteins are essential to all life,â he s Read more âș
0
âI had hoped women-only events might be unnecessary by now,â said Joanna Coles, director of the Fallen Journalists Memorial Foundation and Hearst Magazinesâ former chief content officer. âBut given there are near total bans of abortion in 24 states, IVF and birth control are now threatened, the pay gap still persists, and just recently CNN launched a bizarre national discussion about when women are past their prime, itâs clear we... Read more âș
1
Last December, mayhem seemed to hit an all-time high at Art Basel Miami Beach, the art worldâs annual Floridian bacchanal. Traffic choked the streets. No one could get a cellphone signal. And the media seemed more interested in covering the onslaught of celebrity and fashion-brand partiesâLeonardo DiCaprio here, Cartier thereâthan, you know, the art. In other words, pure pandemonium. Art Basel Miami remains the best known art fair and a... Read more âș
10
Greetings!Some people really canât get past the idea that itâs no longer 2021. After a lot of resistance among private companies to raising money in the past year or two because of concerns about the valuation haircuts that would result, weâve seen a lot more private funding down rounds and even IPOs at well below peak 2021 valuations (such as Redditâs). And yet weâve still got some holdouts. Today my... Read more âș
1
I'm just back from New York where it has been a whirlwind week for The Information and, of course, the tech and finance industries. We covered so much of it on the podâwith so much zeal (or was it fatigue?) that Sam called me punchy! Hope you enjoy. Apple Spotify YouTube Read more âș
0
Private jets are a common enough sight over Driggs, Idaho, a hamlet 30 miles west of the exclusive resort town of Jackson Hole, Wyo. But one weekend a few months ago, so many chartered flights and luxury SUVs arrived in the small town that the mayor began to receive calls from residents asking what was going on. The commotion, as it turned out, came from dozens of corporate executives and... Read more âș
2
My colleague Cory reported Monday that some venture investors are shying away from companies working on generative artificial intelligence because they require a lot of capital, can fetch towering valuations and often face stiff competition. But you wouldnât know it from the first quarterly tabulation of funding to the companies in our Generative AI Database. That report, which we published Wednesday, showed that total funding for the 154 companies we... Read more âș
0
Online ticketing marketplace StubHub is aiming to go public by late summer, people close to the company said, setting up another sizable internet initial public offering after Redditâs IPO last month. And as StubHub has more than $2 billion in debt, many times its estimated profits, the company will test investorsâ appetite for companies with strained balance sheets. Further complicating matters, StubHub has ambitious hopes for the valuation it would... Read more âș
18
In his keynote speech at Googleâs annual cloud computing conference Tuesday, Google Cloud CEO Thomas Kurian outlined a future in which businesses use artificial intelligence agents to automate all manner of tasks, from analyzing data, to creating ad copy, to prodding consumers to spend more money. Now he must get customers to follow his leadâand thatâs proving to be a challenge. Many are still just experimenting with AI. Those deploying... Read more âș
0
Most popular sources
Business Insider
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28% 0 |
Tech Wire Asia
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9% 4 |
The Verge
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9% 1 |
Eurogamer.net
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8% 5 |
Tom's Hardware
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5% 0 |
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27.11.2024 17:25
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