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 ›
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OpenAI said Wednesday it is planning to build data centers for artificial intelligence in countries other than the U.S. through its Stargate joint venture with SoftBank, which aims to develop $500 billion worth of facilities over the next four years. The move is notable because OpenAI said other ... Read more ›
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I write The Arena column, where last week I took a deep dive into the increasingly central role that creators play in driving young audiences to live sporting events. For anyone who’s watched the Golf Channel, the NBA All-Star Game, or the Olympics, this trend has been brewing for some time.The rise of influencers in sports coincides with the decline in traditional sportswriting. Sports Illustrated is a shell of its... Read more ›
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Apple is “actively looking at” adding AI search options to its Safari browser and has had discussions with the AI search provider Perplexity, an Apple executive testified on Wednesday during the Google search monopoly remedies trial, Bloomberg reported. The executive, senior vice president of ... Read more ›
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Meta Platforms earlier this year discussed adding facial recognition to its smart glasses and other devices, The Information reported. The technology would allow somebody wearing the glasses to, for example, identify a person they met at a party by name. If implemented, facial recognition would ... Read more ›
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Uber reported 14% higher revenue of $11.5 billion in the first quarter but sharply higher operating income of $1.2 billion. Still, shares of the ride-hailing and food delivery firm fell 2%, as growth in the company’s gross bookings—the total dollar value of food orders and ride hailing trips ... Read more ›
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David Bailey, who advised President Donald Trump on crypto policy during his 2024 campaign, is raising $300 million to launch a publicly traded bitcoin investing company, according to people familiar with the matter. He is following a string of companies that buy up crypto seeking to replicate the success of Michael Saylor’s Strategy, which converted itself into a bitcoin investment firm. Bailey is raising $200 million through a private placement... Read more ›
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These days, investors are pulling out all the stops and getting more creative to convince founders of AI startups—particularly those with experience as executives at AI labs like OpenAI and Anthropic—to take their money, VCs tell me.The latest example we wrote about concerned Thinking Machines Lab, the buzzy startup cofounded by ex-OpenAI chief technology officer Mira Murati. As part of the company’s latest $2 billion fundraise, Murati essentially has full... Read more ›
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The ad market is healthy if you have live sports—at least according to Disney leadership during the company’s fiscal second-quarter earnings call on Wednesday. Disney said domestic ad revenue for ESPN, its sports segment, grew 29% year over year, driven by airing more NFL and college football ... Read more ›
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Back in 2021, Mark Zuckerberg and other top Facebook executives were dreaming big about how to design the company’s first generation of smart glasses. One feature they considered adding to them was facial recognition, which would have allowed someone wearing the glasses to, say, identify a person they bumped into at a party. Ultimately, though, Zuckerberg and the others discarded the idea, which presented a mountain of both technical challenges... Read more ›
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As OpenAI seeks to overhaul its corporate structure, it also expects to slash the revenue share Microsoft receives by at least half by decade’s end, The Information reported. Microsoft, whose servers power OpenAI products, hasn’t yet agreed to the changes, according to a person who spoke with a ... Read more ›
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Coatue Management is launching a new investment fund to back growing public and private technology companies including artificial intelligence and enterprise software. The twist? It’s courting individual investors to back the fund with a lower investment minimum than its other funds, according ... Read more ›
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As OpenAI moves ahead with a corporate restructuring to appease its investors as well as regulators, it needs to get clearance from Microsoft, its biggest outside shareholder and business partner. One part of OpenAI’s plan involves reducing the percentage of revenue it shares with Microsoft. In financial projections OpenAI shared with investors, that percentage would drop by at least half by the end of this decade. Microsoft, whose servers power... Read more ›
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Food delivery’s great rivalry is heating up. DoorDash and Uber, the two giants of the restaurant-meal delivery scene in the U.S., are now poised to duke it out in Europe. DoorDash unveiled on Tuesday a $3.8 billion proposed takeover of UK-based Deliveroo, its biggest step yet to expand in Europe. Uber, meanwhile, did its best to rain on DoorDash’s parade by simultaneously announcing the $700 million purchase of 85% of... Read more ›
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Periodic Labs, a startup founded by Liam Fedus, a former vice president of post-training research at OpenAI, has told potential investors it wants to raise hundreds of millions of dollars at a valuation of at least $1 billion, according to two people who spoke to company leaders. That’s a steep ... Read more ›
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Billions and even tens of billions don't generate much excitement at the annual Milken conference, taking place now in Los Angeles. But trillions, and especially $6.7 trillion, get some attention. That's the much-talked about number from a McKinsey report about the money needed to build out data centers to power artificial intelligence by 2030. Silicon Valley inventions are creating more places for pension funds to park capital. And more avenues... Read more ›
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Shares in Advanced Micro Devices rose slightly in after-hours trading after the firm reported quarterly revenue at the high end of its earlier guidance for the quarter that ended in March. AMD’s revenue in the quarter was $7.4 billion, up 36% from the same period a year earlier. The company ... Read more ›
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Creators eager to expand their online fame into offline fortune have discovered they need to learn the intricacies of logistics overnight. Now one group of YouTubers that built a shipping business is going back to its roots.Selery Fulfillment, a Dallas-based logistics company backed by Mark Cuban, is acquiring the fulfillment operations of Fan of a Fan, which owns three warehouses in Southern California. Terms of the deal, which hasn’t previously... Read more ›
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ServiceNow and Salesforce are now officially rivals, and so it follows that they would engage in the well-worn enterprise software tradition of issuing dueling press releases. At its annual customer conference, ServiceNow unveiled AI agents that can manage sales and customer service interactions ... Read more ›
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Amazon has expanded its ultra-cheap Temu competitor, Amazon Haul, to the United Kingdom and Saudi Arabia, the company said on Tuesday. Amazon first launched Haul in the U.S. in November, part of an effort to respond to the rise of discount online retailers Temu and Shein. In February, The ... Read more ›
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On Friday, Amazon sent many merchants selling goods on its e-commerce site a memo with pointers on how to navigate trade uncertainty amid steep U.S. tariffs. Suggestions included pivoting to selling in new countries and reshuffling inventory to different warehouses. Amazon also suggested merchants consider taking out loans, giving them funds to “invest in the areas of your business that make sense for you,” wrote Dharmesh Mehta, a senior executive... 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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