Apple is warning investors that its new and future products might never be as profitable as the iPhone. The disclosure comes as the company is pursuing newer technologies like artificial intelligence and mixed reality headsets. Apple added the warning in its latest annual report under the “business risks” section, as first reported by the Financial […]
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Nvidia on Tuesday exceeded Apple’s market capitalization to become the world’s largest company, on the strength of a global AI push. As Bloomberg notes, the chipmaker has experienced an astronomical 850% growth since the tail end of 2022. Nvidia was valued at $3.43 trillion at the close of market, topping Apple’s $3.38 trillion. This isn’t […]
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EV startup Canoo has lost its chief financial officer and its head lawyer, the latest in a string of executive departures as the company continues to struggle to find mass adoption of its electric work vans. CFO Greg Ethridge and general counsel Hector Ruiz both resigned from Canoo on October 31, the company announced Tuesday […]
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Google says it has addressed an issue with its search engine that saw it displaying a “where to vote” panel, which includes a map of polling places, for some specific voting-related searches but not for others. The tech giant even used the word “fixed” to respond to the matter, despite the fact that Google Search […]
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In the final days leading up to the U.S. presidential election, Elon Musk’s X suspended the official account of a progressive-donor-backed ballot initiative called SwapYourVote. The volunteer-run website tries to get third-party voters in swing states to cast their ballots for Kamala Harris, matching them with Democrats in solidly blue states who agree to vote […]
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This glossary includes some of the most common terms and expressions we use in our articles, and explanations of how — and why — we use them.
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This is the second layoff at Mozilla this year, the first affecting dozens of staff on the side of the organization that builds the popular Firefox browser.
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Meta’s former head of augmented reality hardware announced on Monday she is joining OpenAI to lead robotics and consumer hardware, according to a post on LinkedIn. OpenAI confirmed to TechCrunch that Caitlin Kalinowski will be joining the startup. Kalinowski is a hardware executive who began leading the development of Meta’s augmented reality hardware team in […]
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Coatue Management, a hedge fund that invested heavily in tech startups during the pandemic-infused boom, is raising $1 billion to back AI-focused companies, Bloomberg reported on Monday. The funding, which will top up the firm’s flagship fund, will be raised primarily from institutional investors. However, high-net-worth individuals with accounts at the brokerage Raymond James and […]
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The end of zero-interest rates has driven companies to look for savings wherever they can, but one area continues to be a major budget drain. Observability — collecting and understanding data and systems — typically remains an organization’s second-highest cloud expenditure, right after cloud provisioning itself. People have even gone so far as to talk […]
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Agtech unicorn Bowery Farming is shutting down, according to PitchBook, which cited internal documents and multiple company employees. The New York-based agtech company was known for building vertical farms that could produce crops including: lettuces, herbs and berries. The company has raised more than $700 million in funding, according to PitchBook data, from VCs including […]
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Apple products are getting an integration with OpenAI’s ChatGPT in December when iOS 18.2 rolls out, which should supercharge Siri and a few other features with smarter AI. On Wednesday, iOS 18.2 beta testers got a taste of how OpenAI could profit off of its Apple partnership. Apple is including an option to upgrade to […]
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The CEO of AI search company Perplexity, Aravind Srinivas, has offered to cross picket lines and provide services to mitigate the effect of a strike by New York Times tech workers. The NYT Tech Guild announced its strike Monday, after setting November 4 as its deadline months earlier. The workers represented provide software support and […]
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Vanguard has revised its valuation of Indian ride-hailing startup Ola to about $2 billion as of the end of August.
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Meta's social network, Threads, now has 275 million monthly active users, the company said on Sunday.
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