Spotify plans to raise US prices: Premium from $10.99 to $11.99 per month, Duo from $14.99 to $16.99, and Family from $16.99 to $19.99, after a July 2023 hike — A year after Spotify first increased the price of Spotify Premium in the US, it's happening again.
FTX sells its remaining 15M Anthropic shares, netting $450M+ and taking its total haul to $1.3B from its original $500M investment, as legal costs pass $500M — - The FTX estate has sold its remaining shares in Anthropic, a valuable AI startup, as the total cost of the bankruptcy surpasses $500 million …
Zara plans to expand live shopping broadcasts in the UK, Europe, and the US between August and October 2024, testing a format that is wildly popular in China — Zara will expand its live shopping broadcasts to the UK, Europe and the United States this year, testing a format …
Nvidia plans to upgrade its AI accelerators annually, and announces a Blackwell Ultra chip for 2025 and a next-gen Rubin AI platform for 2026 that will use HBM4 — - CEO Jensen Huang reveals plans for annual upgrade cycle — Company details plans for Blackwell Ultra and subsequent chips
Jensen Huang said at Computex that Asus, Pegatron, Wistron, and others will deliver cloud, on-prem, embedded, and edge AI systems using Nvidia Blackwell GPUs — Nvidia CEO Jensen Huang announced at Computex that the world's top computer manufacturers today are unveiling Nvidia Blackwell …
An excerpt from the book The Trolls of Wall Street, which details how r/WallStreetBets fueled a movement that turned millions of young Americans into investors — An excerpt from Nathaniel Popper's forthcoming The Trolls of Wall Street. — By the end of 2011, Jaime Rogozinski, 29, had fallen into a rut.
Sources: a16z and other investors in the fintech Synapse, which filed for bankruptcy in early May, were aware of recordkeeping discrepancies for years — Millions of consumers who kept their savings with digital banking startups such as Yotta or Juno have lost access to their money as a result …
AI search engine Perplexity launches Pages, which will research and create a customizable webpage based on user prompts, aimed at educators, researchers, others — AI search platform Perplexity is launching a new feature called Pages that will generate a customizable webpage based on user prompts.
Content creators are amassing audiences of thousands on Twitch by covering political news and raising funds for Palestinians, as other platforms eschew politics — Dozens of content creators are leveraging the live streaming app to raise funds for Palestinians, circumventing political content bans on other platforms.
Content creators are posting videos on Douyin giving Chinese migrants step-by-step instructions on how to get to the United States through Latin America — Xiong learned how to travel the path to the United States from Latin America through a community of migrants on Douyin, the Chinese version of TikTok.
Stripe says it will temporarily move to an invite-only model for new account sign-ups in India, as it navigates the country's evolving regulatory landscape — Stripe, the global fintech giant, said on Friday that it will temporarily move to an invite-only model for new account sign-ups in India …
Sources: TikTok pauses plans to launch its e-commerce business in major European markets to focus on growth in the US where it's fighting a divest-or-ban law — - ByteDance halts plan to roll out shopping from Spain to Italy — Company aims to entrench itself in its most lucrative market
Sony says PS5 generated $106B in revenue in less than four years vs. PS4's $107B over seven years, PS5 in-game purchases spending up 176% over PS4, and more — Sony has published its annual business briefing. Here are the key takeaways about the performance of the PlayStation business and updates to the company's gaming strategy.
After a Cruise car hit and dragged a pedestrian, executives say they're in no rush to get back on the road, as Cruise slows its breakneck development to a crawl — An incident that seriously injured a pedestrian in San Francisco led Cruise to take all of its cars off the road.
Romanian startup FintechOS, a low-code platform to help banks and insurance companies compete with neobanks, raised a $60M Series B+, after raising $60M in 2021 — Over the years, fintech startups, particularly neobanks, have thrown a cat among the pigeons in banking and finance by building whole new banking software stacks.
Dean Takahashi / VentureBeat : Belgium-based Vertical Compute, a memory chip firm spun out of European VC firm Imec.xpand, raised a €20M ...
