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MrBeast reportedly plans to launch a phone company

techcrunch.com Lauren Forristal 2025-10-15 13:58:30

MrBeast, the 27-year-old popular YouTuber known for his elaborate challenges and giveaways, is venturing into a new realm: He’s reportedly launching his own phone company. According to Business Insider, which viewed a leaked investor deck, MrBeast is planning to launch a mobile phone service next year. Business Insider also reported that MrBeast and executives at Beast Industries are considering fintech and mobile gaming. The YouTuber’s new plan includes establishing a mobile virtual network o

Topics: business million mobile mrbeast phone

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Klarna revives IPO plans, aims to raise $1.27B

techcrunch.com Ram Iyer 2025-10-15 17:30:52

Swedish buy-now, pay-later (BNPL) startup Klarna and its shareholders are reviving its initial public offering, hoping to raise as much as $1.27 billion in a listing that would value the company at up to $14 billion. The company and some of its shareholders are together selling approximately 34.3 million shares between $35 and $37 each, the company said in an update to its registration statement on Tuesday. Klarna would receive proceeds from about 5.6 million shares, while its shareholders are

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Klarna aims to raise up to $1.27 billion in U.S. IPO

cnbc.com Arjun Kharpal Ryan Browne 2025-10-16 10:47:35

The Klarna Bank AB logo appears on a smartphone screen in this illustration photo in Reno, United States, on December 30, 2024. Swedish fintech firm Klarna is looking to raise up to $1.27 billion in its long-awaited U.S. initial public offering, according to an official filing out on Tuesday. Klarna plans to offer 34,311,274 ordinary shares priced between $35 and $37 each. The offering will value the company up to $14 billion, according to CNBC calculations. The company will list its shares o

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Microsoft offers U.S. government over $6 billion in savings on cloud services over 3 years

cnbc.com Jordan Novet 2025-10-16 10:49:21

President Donald Trump shakes hands with Microsoft CEO Satya Nadella during an American Technology Council roundtable at the White House in Washington on June 19, 2017. Microsoft has agreed to give the U.S. General Services Administration $3.1 billion in potential savings over the course of a year on cloud services used at government agencies. Since President Donald Trump's return to the White House in January, the GSA has sought to aggregate spending through a strategy called OneGov that's me

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You can try Apple’s lightning-fast video captioning model right from your browser

9to5mac.com Marcus Mendes 2025-10-16 21:41:35

A few months ago, Apple released FastVLM, a Visual Language Model (VLM) that offered near-instant high-resolution image processing. Now, you can take it for a spin, provided you have an Apple Silicon-powered Mac. Here’s how. When we first covered FastVLM, we explained that it leveraged MLX, Apple’s own open ML framework specifically designed for Apple Silicon, to deliver up to 85 times faster video captioning, while being more than 3 times smaller than similar models. Since then, Apple has wor

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Meet the Silicon Valley Donors Backing California’s Redistricting Push

gizmodo.com Riley Gutiérrez Mcdermid 2025-10-17 17:44:40

In the latest sign that Silicon Valley titans are increasingly throwing their weight behind political issues, Netflix co-founder Reed Hastings has contributed $2 million to support Gov. Gavin Newsom’s Proposition 50 campaign. The move is the latest underscoring how Silicon Valley’s deep-pocketed executives are increasingly wielding influence in California politics and beyond. The November ballot measure would scrap California’s independent redistricting commission, returning map-drawing author

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Alibaba shares surge as AI boom drives cloud unit sales

cnbc.com Arjun Kharpal 2025-10-18 19:30:42

Alibaba posted a better-than-expected bottom line in the June quarter on Friday, fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business, sending shares higher. Still, the Chinese giant's revenues came in under analyst forecasts. U.S.-listed shares of the Chinese giant had gained nearly 13% on Friday after the company announced results. On Monday, Alibaba's Hong Kong-listed shares surged more than 19% before paring some gains. Here's how Al

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The US government drops its CHIPS Act requirements for Intel

engadget.com Unknown 2025-10-18 07:30:49

Intel no longer has to fulfill certain requirements or meet milestones that it was originally supposed to under the CHIPS Act, now that the government is taking a stake in the company. According to the Wall Street Journal, Intel said in a filing that it can now receive funding from the government, as long as it can show that it has already spent $7.9 billion on projects that it agreed to take on under a deal with the Commerce Department last year. Reuters notes that Intel has already spent $7.87

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The fall of EV startup Fisker: A comprehensive timeline

techcrunch.com Henry Pickavet 2025-10-18 10:34:12

Henrik Fisker once envisioned a burgeoning EV empire at the startup he named after himself, which was to be led by the Ocean SUV. But cracks started showing in that vision almost as soon as the Ocean hit the road in 2023. Fisker cut production targets multiple times, failed to meet sales goals and laid off staff. What’s more, its Ocean SUV was beset with software and mechanical issues, rendering it inoperable for some. Add troublesome brakes, sudden power loss and doors that wouldn’t open to th

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Alibaba shares jump 13% as AI drives cloud unit acceleration

cnbc.com Arjun Kharpal 2025-10-19 01:06:24

Alibaba posted a better-than-expected bottom line in the June quarter fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business. Still, the Chinese giant's revenues came in under analyst forecasts. Alibaba's stock climbed 12.9% in the U.S. after initially dipping. Here's how Alibaba did in its fiscal first quarter ended June, compared with LSEG estimates: Revenue: 247.65 billion Chinese yuan ($34.6 billion), versus 252.9 billion yuan expected.

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Affirm stock rises 10% as CEO Levchin notes continued consumer strength

cnbc.com Mackenzie Sigalos 2025-10-19 01:08:36

In this article AFRM Follow your favorite stocks CREATE FREE ACCOUNT watch now Affirm stock popped 10% Friday after the buy now, pay later firm beat Wall Street's expectations across the board in its fiscal fourth-quarter results. CEO Max Levchin told CNBC on "Money Movers" Friday that the company is "firing on all pistons." Earnings came in at 20 cents a share and nearly doubled analyst expectations, with revenue also topping estimates at $876 million, up 33% from a year earlier. Net income w

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Marvell stock slumps 18% after chipmaker's data center revenue, forecast disappoint

cnbc.com Annie Palmer 2025-10-19 01:01:09

Shares of Marvell Technology plunged 18% on Friday after the artificial intelligence chipmaker's data center revenue fell short of estimates and it gave lackluster guidance for the current quarter. Here's how the company did in comparison with LSEG consensus estimates: Earnings per share: 67 cents adjusted vs. 66 cents expected 67 cents adjusted vs. 66 cents expected Revenue: $2.01 billion vs. $2.01 billion expected Revenue jumped 58% from a year ago in the fiscal second quarter that ended A

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Ambarella stock rips 16% higher after earnings as AI demand boosts guidance

cnbc.com Chris Eudaily 2025-10-19 01:03:14

Ambarella stock climbed 16% higher Friday as the chip designer reported better-than-expected fiscal second-quarter results and issued strong guidance. Here's how the company did compared with LSEG expectations: Earnings: 15 cents per share adjusted vs 5 cents per share expected 15 cents per share adjusted vs 5 cents per share expected Revenue: $96 million vs $90 million expected Ambarella, which is known for its system-on-chip semiconductors and software used for edge artificial intelligence

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Concern Grows That Elon Musk Is Having Some Kind of AI Meltdown

futurism.com Unknown 2025-10-19 04:20:36

With all the frenzied news swirling around these days, it's understandable if you let Elon Musk slip from the top of your mind. While the billionaire's mental state was arguably frayed during his stint as DOGE czar — thanks in no small part to what's been reported as a constant stream of illicit drugs — it's become visibly more concerning since his dramatic departure earlier this summer. Seemingly trying to distract himself from the decline of Tesla, the world's richest man has embarked on a n

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Eric Trump Claims His Company Is Mining ‘3% of the World’s Bitcoin Every Single Day’

gizmodo.com Bruce Gil 2025-10-19 05:45:23

Eric Trump, the third child of President Donald Trump, showed up in Hong Kong this week to hawk his latest crypto venture and, according to him, it’s going to the moon. Trump spoke at Hong Kong’s Bitcoin Asia 2025 conference, the first stop in a planned series of crypto events across Asia featuring various Trump family members. At the conference, Trump declared that his family “loves” the crypto community and downplayed concerns about the president’s conflicts of interest with the industry. He

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Marvell stock slumps 16% after chipmaker's data center revenue, forecast disappoint

cnbc.com Annie Palmer 2025-10-19 13:58:02

Shares of Marvell Technology plunged 15% on Friday after the artificial intelligence chipmaker's data center revenue fell short of estimates and it gave lackluster guidance for the current quarter. Here's how the company did in comparison with LSEG consensus estimates: Earnings per share: 67 cents adjusted vs. 66 cents expected 67 cents adjusted vs. 66 cents expected Revenue: $2.01 billion vs. $2.01 billion expected Revenue jumped 58% from a year ago in the fiscal second quarter that ended A

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Tesla asks for $243 million verdict to be tossed in fatal Autopilot crash suit

cnbc.com Lora Kolodny 2025-10-19 13:34:32

Dillon Angulo, 33, looks at a roadside memorial sign reading "Drive Safely In Memory Naibel Benavidez" next to the site of a car crash where a Tesla driver using Autopilot killed her, and left him catastrophically injured in 2019, on Aug. 12, 2025, in Key Largo, Florida. Tesla has filed a motion to appeal the verdict in a product liability and wrongful death lawsuit that could cost the company $242.5 million if it is not reduced or overturned. Elon Musk's automaker has asked for the verdict to

Topics: autopilot damages florida million tesla

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Affirm stock surges 12% as CEO Levchin notes continued consumer strength

cnbc.com Mackenzie Sigalos 2025-10-19 21:03:48

Affirm stock popped 12% Friday after the buy now, pay later firm beat Wall Street's expectations across the board in its fiscal fourth-quarter results. The stock was already up 31% this year heading into the report, outpacing the Nasdaq's 12% gain. CEO Max Levchin told CNBC on "Money Movers" Friday that the company is "firing on all pistons." Earnings came in at 20 cents a share and nearly doubled analyst expectations, with revenue also topping estimates at $876 million, up 33% from a year ear

Topics: consumer levchin million quarter year

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Henrik Fisker quietly wound down his nonprofit after his EV startup went bankrupt

techcrunch.com Sean O'Kane 2025-10-19 21:47:01

Henrik Fisker, the founder of failed EV startup Fisker Inc., and his wife Geeta quietly wound down a private charitable foundation established in late 2021 that was supposed to “incubate innovation in healthcare, education, sustainability, mobility, and all causes that help support the planet and improve and further the lives of people and animals.” A tax filing submitted to the Internal Revenue Service in December 2024 — six months after Fisker Inc. went bankrupt — was marked as the foundation

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Alibaba shares jump 10% as AI drives cloud unit acceleration

cnbc.com Arjun Kharpal 2025-10-20 01:15:39

Alibaba posted a better-than-expected bottom line in the June quarter fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business. Still, the Chinese giant's revenues came in under analyst forecasts. Alibaba's stock climbed 10% in the U.S. after initially dipping. Here's how Alibaba did in its fiscal first quarter ended June, compared with LSEG estimates: Revenue: 247.65 billion Chinese yuan ($34.6 billion), versus 252.9 billion yuan expected. N

Topics: alibaba billion commerce year yuan

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Marvell stock slumps 16% after data center revenue, forecast disappoint

cnbc.com Annie Palmer 2025-10-20 01:14:26

Marvell Technology Group Ltd. headquarters in Santa Clara, California, US, on Friday, Sept. 6, 2024. Shares of Marvell Technology plunged 15% on Friday after the artificial intelligence chipmaker's data center revenue fell short of estimates and it gave lackluster guidance for the current quarter. Here's how the company did in comparison with LSEG consensus: Earnings per share: 67 cents adjusted vs. 66 cents expected 67 cents adjusted vs. 66 cents expected Revenue: $2.01 billion vs. $2.01 bi

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Ambarella stock rips 20% higher after earnings as AI demand boosts guidance

cnbc.com Chris Eudaily 2025-10-20 01:12:24

Ambarella stock roared 20% higher Friday as the chip designer reported better-than-expected second-quarter results and issued strong guidance. Here's how the company did compared to LSEG expectations: Earnings: 15 cents per share adj. vs 5 cents per share expected 15 cents per share adj. vs 5 cents per share expected Revenue: $96 million vs $90 million expected Ambarella, which is known for its system-on-chip semiconductors and software used for edge artificial intelligence, said it expects

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At OpenAI, Signs of Crisis Grow Behind the Scenes

futurism.com Unknown 2025-10-20 00:43:50

OpenAI is still reeling from the disappointing launch of its latest GPT-5 model. It's being pelted with lawsuits from left and right, for alleged crimes like mass copyright infringement and colluding to ice out its competitors. More than ever, it's being criticized for its chatbot's alarming proclivity to not only give dangerous advice, but convince people to actually take it with its beguiling and sycophantic charm — a deeply weird phenomenon that's already led to several alleged deaths. Behin

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Alibaba shares jump 6% in premarket trading as AI drives cloud unit acceleration

cnbc.com Arjun Kharpal 2025-10-20 05:06:07

Alibaba posted a better-than-expected bottom line in the June quarter fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business. Still, the Chinese giant's revenues came in under analyst forecasts. Alibaba's stock was up more than 6% in premarket trading in the U.S. after initially dipping. Here's how Alibaba did in its fiscal first quarter ended June, compared with LSEG estimates: Revenue: 247.65 billion Chinese yuan ($34.6 billion), versus 2

Topics: alibaba billion commerce year yuan

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Affirm stock surges 20% as CEO Levchin notes continued consumer strength

cnbc.com Mackenzie Sigalos 2025-10-20 05:42:47

Affirm stock popped 20% Friday after the buy now, pay later firm beat Wall Street's expectations across the board in its fiscal fourth-quarter results. The stock was already up 31% this year heading into the report, outpacing the Nasdaq's 12% gain. Earnings came in at 20 cents a share and nearly doubled analyst expectations, with revenue also topping estimates at $876 million, up 33% from a year earlier. Net income was $69.2 million for the quarter, compared with a loss of $45.1 million in the

Topics: 20 firm million quarter year

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Alibaba's cloud unit shines even as rivalry heats up in China's 'instant commerce' space

cnbc.com Arjun Kharpal 2025-10-20 18:06:52

Alibaba posted a better-than-expected bottom line in the June quarter fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business. Still, the Chinese giant's revenues came in under analyst forecasts. Alibaba's stock was up around 4% in premarket trade in the U.S. after initially dipping. Here's how Alibaba did in its fiscal first quarter ended June, compared with LSEG estimates: Revenue : 247.65 billion Chinese yuan ($34.6 billion), versus 252.9

Topics: alibaba billion commerce year yuan

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Vocal Image is using AI to help people communicate better

techcrunch.com Anna Heim 2025-10-20 15:34:00

With 4 million app downloads, Estonia-based startup Vocal Image aims to help people improve their voice and communication skills with AI-powered coaching. But out of its 160,000 active users, it may be its CEO, Nick Lahoika, who best embodies its mission. Lahoika was born in Belarus, didn’t speak English until his relocation to Estonia, and once struggled with speaking anxiety. Yet, he went on to “win a lot of pitch competitions” on behalf of the voice coaching startup, which was inspired by hi

Topics: image lahoika million startup vocal

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Affirm's stock soars 15% on earnings, revenue beat

cnbc.com Jennifer Elias 2025-10-20 21:27:07

Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Affirm shares rose 15% in extended trading on Thursday after the provider of buy now, pay later loans reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here's how the company did versus LSEG consensus estimates: EPS: 20 cents vs. 11 cents estimated 20 c

Topics: affirm cents million revenue year

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Dell shares fall on soft third-quarter earnings outlook

cnbc.com Kif Leswing 2025-10-21 09:22:07

A Dell Technologies sign is seen in Round Rock, Texas, on June 2, 2023. Despite beating on its top and bottom lines, shares of Dell Technologies fell more than 5% Thursday in extended trading after giving third-quarter earnings per share guidance that below Wall Street's expectations. Here's how the systems integrator did versus LSEG consensus estimates: EPS : $2.32, adjusted vs. $2.30 estimated : $2.32, adjusted vs. $2.30 estimated Revenue: $29.78 billion vs. $29.17 billion estimated Dell

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Are OpenAI and Anthropic losing money on inference?

news.ycombinator.com Unknown 2025-10-21 09:15:22

I keep hearing what a cash incinerator AI is, especially around inference. While it seems reasonable on the surface, I've often been wary of these kind of claims, so I decided to do some digging. I haven't seen anyone really try to deconstruct the costs in running inference at scale and the economics really interest me. This is really napkin math. I don't have any experience at running frontier models at scale, but I do know a lot about the costs and economics of running very high throughput s

Topics: costs input million output tokens

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Latest Tech News

MrBeast reportedly plans to launch a phone company

Klarna revives IPO plans, aims to raise $1.27B

Klarna aims to raise up to $1.27 billion in U.S. IPO

Microsoft offers U.S. government over $6 billion in savings on cloud services over 3 years

You can try Apple’s lightning-fast video captioning model right from your browser

Meet the Silicon Valley Donors Backing California’s Redistricting Push

Alibaba shares surge as AI boom drives cloud unit sales

The US government drops its CHIPS Act requirements for Intel

The fall of EV startup Fisker: A comprehensive timeline

Alibaba shares jump 13% as AI drives cloud unit acceleration

Affirm stock rises 10% as CEO Levchin notes continued consumer strength

Marvell stock slumps 18% after chipmaker's data center revenue, forecast disappoint

Ambarella stock rips 16% higher after earnings as AI demand boosts guidance

Concern Grows That Elon Musk Is Having Some Kind of AI Meltdown

Eric Trump Claims His Company Is Mining ‘3% of the World’s Bitcoin Every Single Day’

Marvell stock slumps 16% after chipmaker's data center revenue, forecast disappoint

Tesla asks for $243 million verdict to be tossed in fatal Autopilot crash suit

Affirm stock surges 12% as CEO Levchin notes continued consumer strength

Henrik Fisker quietly wound down his nonprofit after his EV startup went bankrupt

Alibaba shares jump 10% as AI drives cloud unit acceleration

Marvell stock slumps 16% after data center revenue, forecast disappoint

Ambarella stock rips 20% higher after earnings as AI demand boosts guidance

At OpenAI, Signs of Crisis Grow Behind the Scenes

Alibaba shares jump 6% in premarket trading as AI drives cloud unit acceleration

Affirm stock surges 20% as CEO Levchin notes continued consumer strength

Alibaba's cloud unit shines even as rivalry heats up in China's 'instant commerce' space

Vocal Image is using AI to help people communicate better

Affirm's stock soars 15% on earnings, revenue beat

Dell shares fall on soft third-quarter earnings outlook

Are OpenAI and Anthropic losing money on inference?

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