Fidji Simo, the chief executive of Instacart and newly-appointed CEO of Applications at OpenAI, will step down from her position on OpenAI’s board of directors, a company spokesperson confirmed. Simo was appointed to the executive position at the ChatGPT-maker this week, as CEO Sam Altman ... Read more ›
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A vibe coding vibe check, the M&A uptick and VC goes retail on this week’s More or Less. Apple Spotify YouTube Read more ›
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Rippling has raised $450 million in a round valuing the payroll company at $16.8 billion including the investment, bringing in new investors Goldman Sachs, Singaporean sovereign wealth fund GIC and Sands Capital, the company announced on Friday. The Series G financing boosted Rippling’s ... Read more ›
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President Donald Trump said in a social media post Friday that an 80% tariff on imports from China “seems right,” signaling his support for a sharp reduction from the current 145%. Trump’s remark comes ahead of closely watched trade talks between the U.S. and China this weekend. Last month, ... Read more ›
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The rise of new artificial intelligence–powered business software threatens the future of long-established software firms. Their response is to jump into new markets with their own AI-powered software. That’s pitting companies against each other in new ways. ServiceNow earlier this week announced an AI agent to handle sales management, pitting it directly against Salesforce, which does a big business in selling software for that category. On the same day, Salesforce... Read more ›
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Lawyers for Elon Musk asked the court overseeing his breach of charitable trust lawsuit against OpenAI to throw out the ChatGPT maker’s countersuit, which alleged that Musk had engaged in unfair competition and “tortious interference” by making an unsolicited bid to buy OpenAI and asking state ... Read more ›
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Lyft revenue rose 14% in the first quarter to $1.5 billion, as more people used the ride-hailing app. Still, that was slower than the 27% growth in the fourth quarter and 28% growth in the year ago first quarter. The San Francisco company also said it planned to buy back $750 million in its ... Read more ›
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Artificial intelligence scientists and researchers, make room. You’re about to get an influx of new colleagues from the world of advertising and marketing, as the headlong race for AI dominance moves into a new, more commercial, phase. Exhibit A: As we scooped today, veteran marketing executive Mark D’Arcy, who spent a decade at Meta Platforms helping ad clients figure out ad campaigns to run on its apps, has joined Microsoft... Read more ›
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OpenAI CEO Sam Altman on Thursday told a U.S. Senate committee that the U.S. government doesn’t need to set standards for how AI should be developed, Politico reported. The comments appear to diverge from Senate testimony two years ago in which he said the government should pass legislation and ... Read more ›
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Robotics startups are taking over the fundraising market.On Wednesday, my colleague Michael and I published a scoop about Foundation, a robotics startup launched by the former CEO of failed fintech firm Synapse, seeking capital at a $1 billion valuation despite just a year under its belt. That’s one of several robotics rounds in play. Skild AI, which makes artificial intelligence foundation models to direct many kinds of robots, is nearing... Read more ›
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Pinterest’s revenue rose 16% to $855 million in the first quarter, above the upper end of the range it had projected in early February, while profits rose strongly. The results sent the online scrapbooking firm’s stock up 16% in after-hours trading. Global monthly active users grew 10% to 570 ... Read more ›
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A central tenet of the government's antitrust case against Meta Platforms is that its 2012 Instagram acquisition crushed competition and left consumers with too few social networking options—just Snapchat, Facebook and a few others. Meta has argued that it actually competes with many more, notably TikTok. To buttress its argument, Instagram head Adam Mosseri on Thursday trotted out statistics to illustrate the seismic shock TikTok made when the app formerly... Read more ›
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Paramount Global’s streaming business, which includes its Paramount+ and Pluto TV services, saw revenue increase 9% to $2 billion. The company also reduced adjusted losses in the segment by $177 million compared to the same quarter last year. Paramount+ added 1.5 million subscribers during the ... Read more ›
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Microsoft has hired a veteran marketing executive, with experience at both Meta Platforms and Time Warner, to serve as a creative director of the company’s Copilot consumer artificial intelligence chatbot, according to two people briefed on the situation. The hiring is a sign of how AI firms are starting to focus their attention on marketing their AI chatbots in an increasingly crowded market. Mark D’Arcy, who was a marketing executive... Read more ›
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Instagram head Adam Mosseri took the stand Thursday in the Federal Trade Commission’s antitrust lawsuit against Meta Platforms, telling the court that “for us, growth is everything; you’re either growing or you’re slowly dying.” The executive, whose testimony followed that of Meta’s Chief ... Read more ›
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For years, self-driving cars were a feature of the sci-fi future. But Waymo’s leap from testing to ferrying paying customers in four cities has made robotaxis a reality. That’s set off a race among newcomers and industry stalwarts to expand new businesses that support autonomous vehicles. Below we provide exclusive details on nine startups worth watching in this field in the coming year. Some are developing software to simulate driving... Read more ›
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Artificial intelligence has gotten great at automating customer support emails and text chats. But automating customer support phone calls is far more challenging because AI that can understand and generate human-sounding speech is still too costly, slow and unreliable, said Jesse Zhang, CEO of Decagon, a developer of AI for customer support.Decagon gets around the voice AI limitations by transcribing audio to text, then feeding it into an AI model... Read more ›
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Coinbase announced it has agreed to buy Deribit, the world’s biggest crypto options exchange, for $2.9 billion, the biggest merger deal ever in the crypto industry. The deal will allow Coinbase to fill a missing piece in its derivatives business and push deeper into areas long dominated by big ... Read more ›
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Bill Gates’s giving efforts will increase in the coming years as he begins a surprise winddown of his Gates Foundation, a 25-year-old institution that has become a model for other wealthy titans and one of the most significant philanthropies ever. Gates, 69, plans to close his foundation in ... Read more ›
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Before we get into today’s column, OpenAI late Wednesday evening announced the hire of Fidji Simo, currently the Instacart CEO and a member of OpenAI’s board, in the newly created position of CEO of OpenAI Applications, to run “the product, business, and other company functions,” reporting to CEO Sam Altman. (My colleagues Jessica Lessin and Amir Efrati had early word of the appointment). The hire emphasizes the scope of Altman’s... Read more ›
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30% 11 |
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3% 2 |
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09.11.2025 22:33
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