Maria Deutscher
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OpenAI reportedly plans to launch its GPT Store next week
OpenAI’s GPT Store, a marketplace for customized versions of ChatGPT, is expected to become available next week. The Information and TechCrunch reported the platform’s launch time frame today, citing a memo distributed by OpenAI to users. The artificial intelligence company first previewed the GPT Store in early November. It planned to launch the marketplace later ...
Mobileye shares plunge on projected 50% drop in first-quarter revenue
Shares of Mobileye Global Inc. plummeted more than 24% today after the chipmaker warned that its revenue will decline significantly this quarter. The Intel Corp. unit posted the projection together with preliminary financial results for the previous quarter. During the three months ended Dec. 31, 2023, Mobileye generated revenue of $634 million to $638 million, ...
Microsoft to introduce dedicated Copilot keyboard key for Windows 11 devices
Microsoft Corp. today announced that computer makers will soon start shipping Windows 11 machines with a keyboard key for launching Copilot, the operating system’s built-in artificial intelligence assistant. Yusuf Mehdi, chief marketing officer of the company’s consumer business, detailed the hardware update in a blog post. He said the first computers with the new Copilot ...
Xerox to lay off 15% of its workforce amid broad restructuring initiative
Xerox Holdings Corp.’s stock plunged 12% today after the printer maker announced plans to let go 15% of its workforce, which comprised more than 20,000 employees at the end of 2022. The layoffs are part of a restructuring initiative meant to reverse the company’s recent revenue declines. The effort will also see Xerox reshuffle its ...
SpaceX launches first six Starlink satellites with direct-to-cell internet hardware
SpaceX Corp. has launched six Starlink satellites that can provide internet access for smartphone users without requiring them to purchase additional hardware such as antennas. T-Mobile USA Inc., which partnered with the company last year to provide wireless connectivity for its subscribers, announced the milestone today. The six satellites are the first from SpaceX that ...
Aqua Security nabs $60M at $1B valuation to secure enterprise cloud applications
Aqua Security Inc., a startup helping enterprises protect their cloud workloads from vulnerable and malicious code, today announced that it has raised $60 million in funding. Evolution Equity Partners led the investment. It was joined by Insight Partners, Lightspeed Venture Partners and StepStone Group. The capital injection, which was provided as an extension to a ...
HSBC debuts Zing consumer finance app amid mounting startup competition
HSBC Holdings plc, the U.K.’s largest bank, today debuted a new consumer finance app called Zing. Zing could put the financial services giant in a better position to address the mounting competition it faces from smaller rivals. The new app offers similar features as Revolut Ltd. and Wise Payments Ltd., two venture-backed consumer finance providers ...
Canva reportedly planning $1B+ secondary sale at $26B valuation
Canva Inc., the company behind the popular graphic design platform of the same name, is expected to hold a secondary stock sale that will value it at $26 billion. The Information reported the upcoming deal today, citing people familiar with the matter. A secondary sale is a transaction in which a company’s shareholders sell stock ...
Report: Premium phone sales grew 6% in 2023 as Apple’s market share declined
Consumers bought 6% more premium smartphones in 2023 than a year earlier, according to a new report published today by Counterpoint Research. The premium smartphone category encompasses devices with a wholesale price of $600 or more. Typically, such handsets retail for north of $800. Apple’s newest iPhone 15 lineup, flagship Android smartphones and foldable devices ...
OpenAI’s annualized revenue reportedly tops $1.6B
OpenAI’s annualized revenue has reportedly topped $1.6 billion a mere two months after reaching the $1.3 billion mark. The Information reported the milestone on Saturday, citing two people familiar with the matter. OpenAI’s sales momentum comes amid reports that it’s seeking to raise new funding. The company reportedly hopes to close the round at a ...