How SoftBank’s OpenAI Bet Could Benefit CEO Son
The “rough vibes” at OpenAI have gotten less choppy, allowing SoftBank boss Masayoshi Son to shed some personal financial risk in the company’s big OpenAI investment.A little-noticed disclosure ...
Instacart Stock Jumps On Strong Order Growth
Instacart stock rose 15% after it reported 12% higher fourth quarter revenue of $992 million. The company’s gross transaction volume, or the total value of orders on its platform based on prices sho...
Groq Shareholders Get a $7.6 Billion Payout
It’s been more than a month since Nvidia entered an agreement, made public on Christmas Eve, to license the technology of chip startup Groq and hire its top executives including CEO Jonathan Ross. N...
Airbnb Reports Slightly Stronger Revenue Growth But Higher Expenses
Airbnb’s revenue growth accelerated to 12% in the fourth quarter, while free cash flow rose 13.7% to $521 million. Shares of the accommodation-rental platform rose 5.7% in after-hours trading. The c...
Pinterest Shares Fall As It Projects Growth Slowdown
Pinterest shares plummeted almost 20% after the company reported its slowest quarterly revenue growth in two years and said it could see a further deceleration in the current quarter. CEO Bill Ready s...
FTC Warns Apple Not to Suppress Conservative Outlets on News App
The Federal Trade Commission sent a letter to Apple on Wednesday warning the company to not suppress conservative news outlets on its Apple News app, the company’s news aggregation app that comes pr...
Anthropic Says it Raised $30 Billion
Anthropic said Thursday it had raised $30 billion in funding led by Singapore wealth fund GIC and Coatue Management, giving it a new valuation of $380 billion valuation, including the funding. Other l...
The Looming Battle Over Agent Management Software
The next big AI battleground will be centered on software for managing agents, helping businesses handle the growing suite of AI agents they’re using from different providers, as we reported today. ...
Downbeat Crypto Sector Looks to AI for Rescue
Crypto’s market crash has prompted much soul-searching within the industry, I learned at this week’s annual crypto Consensus conference in Hong Kong. The answer: To stay relevant, the industry mus...
