Running app Strava raised new funding at a $2.2B valuation including debt, up from $1.5B after raising $110M in November 2020, and nears $500M in ARR — Strava, whose valuation includes debt, says it acquired cycling app The Breakaway — Strava, the popular running and exercise app …
Analysis: AI energy consumption is exploding, with data centers doubling electricity use between 2017 and 2023, accounting for 4.4% of all US energy consumption — The emissions from individual AI text, image, and video queries seem small—until you add up what the industry isn't tracking and consider where it's heading next.
UK retailer M&S says it expects a £300M profit hit from an April cyberattack and disruption to continue until July 2025; M&S' market cap has falled by ~£750M — UK retailer's operations face ongoing disruption from April hack — Roula Khalaf, Editor of the FT …
Q&A with Feng Ji, founder of top Chinese quant fund Baiont, on using AI to develop trading strategies, China's quant landscape, having a small team, and more — The founder of one of China's top-performing quant funds explains how his team of young computer scientists are using machine learning to disrupt the sector
Spotify says Apple approved an update to let users in the US buy individual audiobooks from its iOS app and see audiobook prices, after the Epic v. Apple ruling — You'll see a ‘Buy’ button alongside an audiobook's price. … It's finally possible to purchase an audiobook from Spotify's iPhone app with just a few taps.
A profile of Anthropic CEO Dario Amodei, who transformed himself from an academic into a CEO; as of mid-April, Anthropic was on track for $2B in annual revenue — Dario Amodei has transformed himself from an academic into the CEO of a $61 billion startup. — Anthropic Chief Executive …
Xiaomi CEO Lei Jun says on Weibo that the company invested ~$1.9B to build its Xring O1 chip and plans to invest $6.9B+ in chip design over the next decade — China's Xiaomi will launch its highly-anticipated YU7 electric sports utility vehicle on Thursday, as well as other products …
An interview with GitHub CEO Thomas Dohmke and CPO Mario Rodriguez on the year of SWE agents, Copilot phase two, Project Padawan, programming's future, and more — GitHub first introduced its now ubiquitous Copilot back in 2021. At the time, the Microsoft-owned company described it as …
How a hacker breached the Signal knockoff app TeleMessage in about 20 minutes thanks to a basic misconfiguration, leading to sensitive data spilling out — The company behind the Signal clone used by at least one Trump administration official was breached earlier this month.
Chime's S-1: MyPay revenue totaled $64.3M in Q1 vs. estimated credit losses from the product of $57.3M, highlighting the risks with the paycheck advance product — Last summer, banking app Chime introduced a lending product that let customers borrow small amounts to get them through to their next paycheck.
Government officials and experts say there have been dozens of recorded crypto-related abductions globally over the past year; France saw five in recent months — As bitcoin soars, investors and executives are taking their swollen digital wallets offline for safety. Criminals are coming after them, violently.
A look at EA's attempts to shut down “anti-DEI” mods for The Sims 4, including one that changes LGBT and Black NPCs to straight and white — The download automatically changed Black NPCs to white, trans NPCs to cis-gendered, and gay NPCs to straight. And it's just the beginning.
What to expect at Google I/O 2025: an updated Gemini Ultra model, updates for Android 16, Project Astra AI assistant, and Project Mariner AI agents, and more — Google I/O, Google's biggest developer conference of the year, is nearly upon us. — Scheduled for May 20 to 21 …
Jensen Huang says Nvidia's next chip for China will not be from the Hopper series following US restrictions on Hopper H20 chip sales to China — Nvidia is evaluating how to address the China market after the U.S. government placed limits on sales of its Hopper H20 chip there but will not put …
Sources: White House and lawmakers are scrutinizing Apple's plan to use Alibaba's AI on iPhones in China, over concerns about data sharing, censorship, and more — The Trump administration and congressional officials have raised concerns about a deal to put a Chinese company's artificial intelligence on iPhones.
Yazhou Sun / Bloomberg : French accounting software startup Pennylane raised $204M led by TCV, a source says at a ~$4.25B valuation, with...
