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
Weâve updated our estimates for several of the biggest spenders in our Cloud Database. The changes show that some companies are trying to hold the line on cloud billsâexcept when it comes to spending on artificial intelligence. The most significant update in the database is all about AI. ChatGPT developer OpenAI projected last year that it would spend more than $1 billion on cloud computing in 2023, my colleagues Anissa... Read more âș
0
Microsoft became the worldâs biggest seller of cybersecurity software by bundling it with Office and Teams apps. But after a series of hacks exploited that software in the past year, several of Microsoftâs biggest customers are considering whether their reliance on Microsoftâs software bundle puts their security at risk. The clearest sign that Microsoft may face real consequences for its security lapses can be seen in Washington. After the company... Read more âș
0
Letâs start with some good news: todayâs successful rocket launch by Elon Muskâs SpaceX (cool video here). This was the third flight test of SpaceXâs Starship, the enormous new rocket the company is building to launch second-generation Starlink internet satellites, among other things. The test lasted an hour (for more details, see here). It was a good reminder that for all of Muskâs nutty behavior, as displayed on X, he... Read more âș
0
If youâve started seeing more trendy drink brands popping up on your social media feeds recently, thatâs by design. Upstart beverage makers like Olipop, which says its carbonated drinks can help improve digestion and gut health, have been increasing their reach through influencers on TikTok and other apps. In early 2022, the brand contracted with creator Sara Crane to run its TikTok account, and Crane and a cast of other... Read more âș
0
Legislation headed for the Senate that could ban TikTok is putting some U.S. venture capitalists in an uncomfortable position. Those with stakes in TikTokâs parent ByteDance could lobby in support of TikTok, prioritizing future returns. Or they could stay quiet, protecting both their relationships with policymakers and their reputations, as the pressure to appear patriotic increases in Silicon Valley. Their apparent reaction so farâsilence, with the exception of Susquehanna International... Read more âș
0
I just shared this note with our staff at The Information. Congratulations to all the journalists doing such incredible work. And thank you to our subscribers for supporting us.âJessica *** Team, The Society for Advancing Business Editing and Writing (SABEW) has awarded their 2023 awards, and we cleaned up! For those who count such things, we were in second place with total wins (5) behind the New York Times. And... Read more âș
105
Goldman Sachs promoted two of its senior investment bankers this week to prepare for a moment it has long been hoping for: a return of tech deals. Jane Dunlevie, a tech-focused banker who helped run Instacartâs initial public offering and Stripeâs $7 billion private capital raise last year, will expand her role to become global head of investment banking services for tech, media and telecom. She will also remain global... Read more âș
0
European Union lawmakers on Wednesday approved the worldâs most sweeping regulation so far of artificial intelligence. The AI Act, which will take effect in stages over the next several years, will ban some applications of AI that the law considers high risk, such as social scoring. It will also require the developers of AI models to adopt cybersecurity protections, among other safety and transparency requirements.Europe has a reputation of being... Read more âș
0
A former Nextdoor employee alleged to a company-appointed investigator and to its board of directors in the summer of 2018 that its chief executive and co-founder, Nirav Tolia, sexually harassed her in 2015. A Nextdoor spokesperson confirmed the investigation of Tolia, who left the CEO job in 2018 but was reappointed last month by its board of directors to run the company again. âThe Board took appropriate corrective action [in... Read more âș
69
Amid increasing Wall Street skepticism toward the makers of passenger electric vehicles, investors are still funding companies making commercial EVs. Among them, California-based Harbinger Motors last week delivered the first of its stripped-down electric chassis to recreational vehicle manufacturer Thor Industries, which will design and install an RV body for it.Harbinger makes an extremely specialized productâthe underbody for medium-duty electric vehicles like delivery vans, to which customers then add a Read more âș
0
Itâs taken four years, but the push to ban TikTok is moving at lightning speedâwhich will continue until it comes to a dead halt sometime in the near future. Todayâs lopsided vote in the House of Representatives on the ban-or-sell TikTok bill moves the battle to the Senate, where its prospects are uncertain. Letâs assume it passes in that chamber and then gets signed by President Joe Biden. The next... Read more âș
0
Is TikTokâs pain Instagramâs gain? In the past, employees at the Meta Platforms app certainly thought so. Instagramâs short-video feature, Reels, has come a long way since its bumpy start in 2020. But itâs hard to imagine any Instagram exec isnât intrigued by the reprise of Washingtonâs efforts to ban the ByteDance-owned app. After all, Reels could still use some of that TikTok magic. Read more âș
6
TikTok, facing a growing threat of a U.S. ban, has been a global juggernaut over the past few years, drawing more than a billion monthly users and prompting rivals to launch similar services. But what is an open secret among investors is that the app loses money. TikTokâs parent, ByteDance, doesnât disclose TikTokâs financial performance. But ByteDance investors estimate TikTok lost several billion dollars last year on revenue of roughly... Read more âș
11
In March last year, the former girlfriend of Erik Hoslerâthen the CEO of semiconductor manufacturing startup xLightâapplied for a domestic violence restraining order against him, accusing Hosler of stalking and harassing her. A judge in California had already granted a temporary order, and when xLight learned of the dispute, it asked Hosler to step aside while it investigated the matter. While similar allegations of misconduct have resulted in executives leaving... Read more âș
0
If you tuned into Nvidiaâs and Microsoftâs recent quarterly earnings calls, you probably heard their leaders discuss how inferenceâa fancy word for operating an artificial intelligence modelâis becoming a bigger part of the computing workloads in their data centers. In other words, chatbots like ChatGPT Enterprise are serving real customers. That contrasts with what was going on for much of last year, when major tech firms were developing, or training,... Read more âș
9
Last fall, Allbirds was preparing to launch an updated version of its popular Wool Runner shoe when its product design team realized there was a problem. A flaw in the design meant Allbirds had to scramble to remove and replace the fabric inside roughly 30,000 pairs of shoes, two people who worked on the launch said. The last-minute snag underlines the quality issues plaguing the onetime direct-to-consumer darling. Those issues... Read more âș
15
How bad is the slowdown in e-commerce growth? Ask Blackstone, one of the worldâs largest investment firms. Two years ago, a division of Blackstone that invests in consumer brands such as Supergoop and Spanx joined a second investor to commit $200 million to an e-commerce startup they had founded together. The startup, Kite, was pursuing a roll-up strategy that aimed to buy small consumer goods brands and provide them with... Read more âș
0
Weâre in one of those news cycles where everything makes way for one dominant story, which right now is TikTok. Donât worryâif youâre not fascinated by the to-ban-or-not-to-ban debate, it will eventually fade from the headlines. But not just yet: Instead, over the next few days, TikTok will become an even bigger story, as the House of Representatives is scheduled to vote on the ban-or-sell bill on Wednesday. Read down... Read more âș
0
Iâve spent the past few days at South by Southwest, the annual tech and arts festival in Austin. The most memorable part of my experience was embedding myself with the screaming fans of âCall Her Daddyâ podcast host Alex Cooper, who threw multi-day events to celebrate the launch of the Unwell Network, an arm of her production company where sheâs signing other top creators including TikToker Alix Earle to launch... Read more âș
0
When the Trump administration tried to ban TikTok in 2020, investors in its parent, ByteDance, mobilized to support the app. Now, as a bill to force a ban or sale of TikTok winds its way through Congress, the company is mostly on its own. With the possible exception of Susquehanna International Group principal Jeff Yass, a Republican donor and big ByteDance shareholder, ByteDanceâs U.S. investors are mostly sitting on the... Read more âș
4
Most popular sources
Business Insider
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27% 2 |
Tech Wire Asia
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15% 10 |
CNET
|
7% 4 |
Eurogamer.net
|
7% 2 |
The Verge
|
6% 2 |
| View sources » | |
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28.11.2024 02:54
Last update: 02:45 EDT.
News rating updated: 09:41.
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