Netflix wants you to watch ‘Clips,’ its TikTok-like vertical video feed
Netflix is redesigning its mobile app and introducing Clips, a vertical video feed intended to help users discover new content by sharing highlights f...
Amazon’s cloud business is surging — and so is its capital spending
The e-commerce giant is making more money than expected from AWS but it's also spending a lot, and will continue to do so in the near term, its chief ...
Sources: Anthropic could raise a new $50B round at a valuation of $900B
The maker of Claude has received multiple pre-emptive offers at valuations in the $850 billion to $900 billion range, according to sources familiar wi...
Google Cloud surpasses $20B but says growth was capacity-constrained
Google Cloud topped $20B in quarterly revenue for the first time, fueled by surging demand for AI. But capacity constraints mean it could have grown e...
Parallel Web Systems hits $2B valuation five months after its last big raise
The AI agent-tool startup founded by former Twitter CEO Parag Agrawal has raised $100 million, led by Sequoia, months after raising a previous $100 mi...
Uber is in the hotel business now, thanks in part to AI
Uber announced several new features on Wednesday during its annual event, which push far beyond the company's original ride-hailing purpose and deeper...
Apple loses bid to pause App Store fee changes as case heads to Supreme Court
Apple lost its bid to pause court-ordered App Store payment changes, keeping external purchase links in place as its case with Epic heads toward the S...
Sri Lanka discloses another missing payment, days after hackers stole $2.5M from its finance ministry
The government of Sri Lanka has lost more than $3 million in two recent, separate cybersecurity incidents as the country continues to recover from its...
BMW i Ventures has a new $300M fund and AI is riding shotgun
BMW i Ventures is interested in startups working on agentic AI and physical AI, as well as industrial software, advanced materials, and manufacturing ...
