Snap Subscription Service Tops 5 Million Users, Halfway to Goal
Snap Inc. has gained more than 5 million subscribers for its paid service, an offering that gives users early access to new features like an AI-generated selfie maker for $3.99 a month.
Bloomberg Tech
Futures Drop, Yields Rise After Jobless Claims: Markets Wrap
Stock futures fell, while bond yields rose alongside the dollar after the latest reading on jobless claims did little to alter bets on the Federal Reserve’s higher-for-longer stance.
Cisco to Buy Splunk in $28 Billion Deal in Software Push
Cisco Systems Inc. agreed to buy software company Splunk Inc. in a deal valued at about $28 billion, marking the computer networking equipment maker’s biggest acquisition.
Broadcom Falls on Report of Google Weighing AI Chip Replacement
Broadcom Inc. was headed for the biggest decline in three weeks following a report that Alphabet Inc.’s Google is considering dropping the company as a supplier of artificial intelligence chips as soon as 2027.
Ex-Tiger Global Partner Fixel’s VC Firm Backs AI-Linked Trading Platform OneChronos
Lee Fixel’s Addition led a funding round in AI-linked trading platform company OneChronos Markets LLC, amid a rush of interest in the booming artificial intelligence sector.
Surveillance Tech Helps Indigenous Groups Protect the Amazon
Indigenous people in Ecuador are using drones, trap cameras and GPS locators to keep intruders away from the rainforest.
Apple’s Steve Jobs Disciple and Google Defector to Get Spotlight at Search Trial
The US Department of Justice’s trial against Alphabet Inc.’s Google will drag two of Apple Inc.’s highest-ranking executives into the spotlight: services head Eddy Cue and artificial intelligence chief John Giannandrea.
Unprofitable China EV Maker Nio Unveils Phone for Drivers
While Chinese tech companies have long harbored ambitions to move into the electric car industry, EV upstart Nio Inc. has gone the other way — on Thursday releasing its first mobile phone.
Google Recruiting Propels Zurich Home Prices Past London, Paris
Tax breaks and low interest rates have made the Swiss financial hub one of Europe’s hottest housing markets.
We Won’t Become a ‘Corporate Blob’, Says Next
Next Plc said it has no intention of going on an investment binge and becoming a “corporate blob” even though it has snapped up Jojo Maman Bebe, Joules and Cath Kidston in the last 18 months.