Nvidia, the world’s most valuable company, reported another quarter of sustained sales growth in its earnings statement Wednesday, with $46.7 billion in revenue, a 56% increase compared to the same period last year. That growth was largely fueled by AI-dominated data center business, which saw a 56% year-over-year increase in revenue. Nvidia also saw its net … Read more
Chipolo, the maker of item tracking devices that compete with AirTags, launched its latest additions to its lineup of rechargeable products on Wednesday, including an updated version of its colorful LOOP tracker and the slim Chipolo CARD. The latter is designed to slip into your wallet and features a textured matte surface in an understated … Read more
Assort Health, a startup that uses AI to automate patient communication for specialty healthcare practices, has raised about $50 million in a Series B round at a valuation of $750 million, according to three sources familiar with the deal. The latest round, which comes just four months after the company raised its $22 million Series … Read more
SpaceX’s massive Starship rocket lifted off on its tenth test flight Tuesday evening, hitting two long sought milestones and putting an end to a string of failures. The 403-foot vehicle lifted off from Starbase, SpaceX’s launch facility and recently incorporated city, at 7:30 pm ET after two scrubs earlier in this week. The rocket ascended … Read more
Protesters stormed Microsoft’s Redmond headquarters on Monday and made it into president Brad Smith’s office in Building 34, forcing a temporary lockdown. The “No Azure for Apartheid” group reportedly live-streamed their sit-in on Twitch, hoisting banners, chanting ‘Brad Smith, you can’t hide, you’re supporting genocide!’ and posting a mock legal summons charging Smith with “crimes … Read more
Meta plans to launch a super PAC to support California candidates favoring a light-touch approach to AI regulation, Politico reports. The news comes as other Silicon Valley behemoths, like Andreessen Horowitz and OpenAI’s Greg Brockman, pledge $100 million for a new pro-AI super PAC. Meta will pour tens of millions into its new group, dubbed … Read more
Spotify is introducing a way for you to chat with your friends in a bid to become a more social content consumption app. Users have shared Spotify links for music and podcasts with others outside the platform for years. With this feature, Spotify wants users to do more within the app while also keeping the … Read more
Andreessen Horowitz’s plan to push its agenda in Washington shows no sign of slowing down, with the firm reporting $1.49 million in federal lobbying so far this year, according to lobbying records filed with Congress. a16z is even narrowly outspending its own industry trade group, the National Venture Capital Association. The pace of lobbying appears … Read more
Months before a jury awarded a $242.5 million verdict against Tesla over its culpability in a 2019 fatal crash, the automaker had a chance to settle for $60 million. Instead, Tesla rejected that offer, according to new legal filings that were first reported by Reuters. The settlement proposal, which was made in May, was disclosed … Read more
Elon Musk’s X and xAI filed a lawsuit against Apple and OpenAI on Monday, alleging that the two companies are colluding to stifle competition. “In a desperate bid to protect its smartphone monopoly, Apple has joined forces with the company that most benefits from inhibiting competition and innovation in AI: OpenAI, a monopolist in the … Read more
