Things have never been better for Shopify. The e-commerce firm’s stock is trading near all-time highs. And a recent deal with OpenAI has put Shopify in a position to capitalize on AI-fueled shopping by easily allowing its merchants to sell products through ChatGPT. And yet Shopify is seeing the kind of executive turnover normally associated with companies that are struggling. Read more ›
71
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 ›
0
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 ›
52
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 ›
0
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 ›
0
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 ›
1
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 ›
0
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 ›
0
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 ›
15
Shopify shares fell more than 4% Thursday after the e-commerce software giant said revenue and gross profit growth would dip in the second quarter, amid what Shopify president Harley Finkelstein called an “uncertain” macro environment. In the first quarter, revenue grew 27% from a year earlier ... Read more ›
0
Instacart shares fell 7.5% in pre-market trading after the grocery-delivery firm confirmed that CEO Fidji Simo was stepping down, with her successor yet to be named. OpenAI announced late Wednesday night Simo, a member of the AI company’s board, was joining in the newly created position of CEO ... Read more ›
0
Warner Bros. Discovery’s revenues fell 10% in the first quarter, while net income dropped by about half, as growth in streaming was more than offset by sharp declines in WBD’s traditional cable TV business, which includes channels such as CNN, TNT and Food Network. WBD’s stock, which has been ... Read more ›
2
It’s easier than ever to spy on a rival company. It’s also easier than ever to catch a spy. The result is a surge in spy-versus-spy lawsuits in the fintech industry, one of the most cutthroat in Silicon Valley. Read more ›
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OpenAI has hired Instacart CEO Fidji Simo to oversee some parts of the company in a major leadership restructuring at the artificial intelligence firm. Simo and OpenAI CEO Sam Altman announced the news after The Information on Wednesday reported that OpenAI was planning to hire a senior ... Read more ›
0
OpenAI is in talks with a senior technology executive to oversee some of the company’s divisions in a major leadership restructuring at the artificial intelligence firm, according to several people who have been told about the plans. OpenAI CEO Sam Altman is likely to continue overseeing research and infrastructure teams that are core to the company’s AI development, while leaving much of the rest of the company to this executive,... Read more ›
7
A humanoid robotics startup founded by the former chief executive of failed fintech firm Synapse is aiming to finalize a $100 million fundraising that will value the year-old company at $1 billion, according to people who spoke to the company’s founders this week. The startup is in talks to raise money from the family office of a member of the Saudi Arabia royal family among other investors, according to the... Read more ›
10
Television advertising is becoming a one-trick pony—it’s all about sports. Check out Walt Disney Co.’s March-quarter results, released Wednesday. Ad revenue from its sports TV and streaming businesses rose 22%, due to staggering growth at ESPN’s U.S. business. “Live sports, as you know, is doing extremely well,” said Chief Financial Officer Hugh Johnston. In contrast, advertising on its entertainment outlets fell 9.8%, as a falloff in Disney’s old-fashioned TV networks... Read more ›
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Google on Tuesday cut around 200 employees across its global business organization, the unit responsible for sales and partnerships, according to a person with direct knowledge of the situation. A Google spokesperson said that the company was “making a small number of changes across our teams to ... Read more ›
0
BNY’s global head of digital assets Caroline Butler has decided to leave the company after more than five years, according to the bank. Carolyn Weinberg, the bank’s chief solutions innovation officer who joined from BlackRock in January, will continue to lead the company’s digital assets ... Read more ›
0
Mobile app ad firm AppLovin’s business continued to soar in the first quarter of 2025, with revenue rocketing 40% from the first quarter last year to $1.48 billion. The overall revenue number was better than AppLovin’s own projections. AppLovin stock jumped 14% in after-hours trading. The ... Read more ›
0
President Donald Trump is planning to rescind a Biden-era plan to restrict exports of advanced artificial intelligence chips to countries around the world, the Commerce Department told Bloomberg. Nvidia and other chip firms said the plan, an executive order issued by President Joe Biden in ... Read more ›
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Most popular sources
Business Insider
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35% 18 |
Gizmodo
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12% 4 |
Tom's Hardware
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9% 0 |
Engadget
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7% 2 |
Mashable
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5% 3 |
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07.11.2025 23:37
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