Internet
Nvidia CEO says being locked out of China AI market would be ‘tremendous loss’
Nvidia CEO, Jensen Huang, speaks during an interview on CNBC’s ‘Power Lunch’ on May 6, 2025. CNBC Nvidia CEO Jensen Huang said on Tuesday that China’s artificial intelligence market will likely reach about $50 billion in the next two to three years, and that missing out on it would be a “tremendous loss.” Huang said […]
Read More
Uber to buy 85% stake in Turkish food delivery platform for $700 million
Travelers walk past a sign pointing toward the Uber rideshare vehicle pickup area at Los Angeles International Airport (LAX) on February 8, 2023 in Los Angeles, California. Mario Tama | Getty Images Uber will acquire an 85% stake in Turkish food delivery platform Trendyol GO for about $700 million in cash, the company said in […]
Read More
Hinge Health says revenue increased 50% in first quarter — still no price range for IPO
Hinge Health’s TrueMotion feature. Courtesy: Hinge Health Hinge Health on Monday updated its prospectus to include the results from its first quarter, which showed accelerating revenue growth over its fourth quarter. The digital physical therapy startup filed to go public in March, but it has not shared a price range yet. Hinge said that revenue […]
Read More
Hims & Hers gives weak outlook but says more collaborations are coming
Shares of Hims & Hers Health fell in extended trading on Monday after the company reported first-quarter earnings that beat analysts’ expectations but offered weaker-than-expected guidance. Here’s how the company did based on average analysts’ estimates compiled by LSEG: Earnings per share: 20 cents vs. 12 cents Revenue: $586 million vs. $538 million Revenue at […]
Read More
Function Health buys Ezra, launches full-body scan for a third of the price
Jonathan Swerdlin, co-founder and CEO of Function Health. Courtesy of Function Health. Blood testing startup Function Health on Monday announced the acquisition of full-body MRI scanning company Ezra and launched a new, 22-minute scan for $499. Function offers a $499 annual subscription where members complete more than 160 blood tests and track their results over […]
Read More
Hims & Hers brings former Amazon executive into C-suite
Bringing nearly 20 years of global experience at Amazon, Nader Kabbani is joining the executive leadership team to help the company further innovate on the delivery of affordable, seamless personalized care in the U.S. and globally. Courtesy: Hims & Hers Hims & Hers Health on Monday announced Nader Kabbani, a former Amazon executive who helped […]
Read More
From ‘Cockroach Award’ to the Big Board: Hinge Health’s unlikely path to IPO
Hinge Health co-founders Gabriel Mecklenburg (left) and Daniel Perez (right). Courtesy of Hinge Health At digital physical therapy startup Hinge Health, CEO Daniel Perez used to recognize hard-working employees with the “Cockroach Award,” a distinction that brought with it a “cockroach squad” t-shirt and a cash payout. References to the insect were abundant at the […]
Read More
Temu halts shipping direct from China as de minimis tariff loophole is cut off
A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Bargain Chinese retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect on Friday. In recent days, […]
Read More
Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock
Jeff Bezos, founder and executive chairman of Amazon and owner of The Washington Post, takes the stage during The New York Times’ annual DealBook Summit, at Jazz at Lincoln Center in New York City, Dec. 4, 2024. Michael M. Santiago | Getty Images Amazon founder Jeff Bezos plans to sell up to 25 million shares […]
Read More
Apple clears Spotify update under new rules allowing purchases within apps
Daniel Ek, co-founder and chief executive officer of Spotify Technology SA, during the Acquired LIVE event at the Chase Center in San Francisco, California, US, on Tuesday, Sept. 10, 2024. David Paul Morris | Bloomberg | Getty Images Spotify on Friday said Apple has approved the company’s U.S. app update, which will allow users to […]
Read More