Stability AI raised a $101M seed, a source says at a ~$1B valuation, and its CEO says Stable Diffusion has 10M DAUs and its web app DreamStudio has 1.5M+ users
no billionaires, big funds, governments or anyone else with control of the company or the communities we support. We're completely independent," The future is open-source🔥 https://twitter.com/... Jim ...
Amazon spent a record $4.98M on lobbying in Q2 2022, up 2.5% YoY, Google spent $2.77M, up 32% YoY, Microsoft $2.41M, down 2.4% YoY and Apple $1.9M
Amazon.com Inc. spent a record $4.98 million on lobbying during the second quarter of this year as momentum intensified in Congress …
Taiwan-based GlobalWafers announces plans to build a $5B silicon wafer factory in Sherman, Texas, aiming to reach 1.2M wafers per month, covering all US demand
Yuka Hayashi / Wall Street Journal : Tweets: @scottlincicome , @emiliesimons46 , @wenyee_lee , @chrismeagher46 , and @rm_patterson Tweets: Scott Lincicome / @scottlincicome : Yet another US semicondu...
The FCC notifies Congress that service providers requested ~$5.6B to replace Huawei and ZTE equipment in US networks, up from the FCC's $1.8B estimate in 2020
In 2020 the estimate was $1.8 billion — now it's $5.6 billion — The estimated cost of replacing Huawei and ZTE equipment in US networks has increased substantially.
Meta closes down 26%, erasing ~$250B from its market cap, the biggest single-day loss in market value for a US company, after weak Q4 results and Q1 guidance
the second-biggest drop ever Steve Muchoki / Coinspeaker : FB Stock Dips Over 26% after Meta Forecasts Weaker than Expected Earnings Jody Serrano / Gizmodo : Snap Up, Zuck Down — Snap earned a profi...
On Monday, Facebook's stock rose 4.2%, closing at $355.64, giving Facebook a $1T market cap for the first time, the fifth US company to hit the milestone
The irony: The milestone was achieved following a federal judge's dismissal of an antitrust complaint from the FTC, which sent shares up. https://www.axios.com/... Caleb Watney / @calebwatney : Extrem...
YouTube is on pace to book between $29B and $30B in revenue in 2021, equaling Netflix's expected revenue of $29.7B for the year
- YouTube is on pace to bring in annual revenue comparable to Netflix's. — The Google-owned video platform is seeing a rise in more traditional television advertisers. Tweets: @carnage4life , @bitcoi...
Combined market cap of Apple, Facebook, Alphabet, and Amazon is ~$5T, their combined 2019 revenue was ~$773B, and they have a combined cash reserve of ~$420B
The four Big Tech CEOs who will testify before Congress Wednesday command global empires with power and wealth that make them more like countries than companies. Tweets: @madhavchanchani , @patrickmcg...
A look at ActBlue, a nonprofit that claims its online fundraising tools have helped raise $2.9B+ for Democrats and progressive orgs since its founding in 2004
Terry Wolfe has a dog, three cats and a deep desire to help elect members of Congress who will check President Trump. Tweets: @fivethirtyeight and @fivethirtyeight Tweets: @fivethirtyeight : ActBlue s...
Amazon raises minimum wage to $15 per hour for all 350K+ US workers, including part-time, temporary, and seasonal employees, effective next month
here are the costs and benefits US Day One Blog : Amazon Raises Minimum Wage to $15 for All U.S. Employees Conor Sen / Bloomberg : Amazon's Minimum Wage Will Change How Americans Think About Work Dere...