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US Regulators Call for Probe into Temu and Shein

Popular online retailers Temu and Shein are facing mounting scrutiny over the safety of products sold on their platforms. Two US Consumer Product Safety Commission (CPSC) commissioners are now urging a formal investigation into the companies, citing concerns over the alleged sale of dangerous items, including some posing risks to

Lyft Slashes Jobs, Scales Back Bikes and Scooters in Efficiency Push

Ride-hailing company Lyft announced another round of layoffs on Wednesday, as reported by the Wall Street Journal, this time targeting its bikes and scooters division. The move comes as CEO David Risher continues his efforts to streamline operations and boost profitability at the Uber rival. While Lyft will maintain its

MongoDB COO: GenAI Holds Long-Term Promise

MongoDB sees significant long-term opportunities from generative AI but acknowledges the near-term impact of macroeconomic headwinds on consumption growth, Chief Operating Officer Michael Gordon said Tuesday. Speaking at the Citi Global TMT Conference, Gordon outlined three key areas where GenAI is poised to benefit MongoDB: increased developer productivity leading to

OpenAI's Chip Play

Plus: Salesforce makes an AI Move, and Nvidia faces antitrust probes SaaS & Infra | AI | Consumer | Venture SaaS & Infra Salesforce snags Tenyx to bolster AI voice agent offerings Salesforce is on a mission to solidify its position in the red-hot AI market. The enterprise software giant announced its acquisition

Snap Bets on Ads, AR to Counter Competition

Snap Inc. CEO Evan Spiegel is striving to boost morale amidst a challenging year for the company, which has seen its stock price plummet by nearly 50%. In an internal letter obtained by Bloomberg, Spiegel reassured employees that Snap is on track for record annual revenue and remains committed to

OpenAI Chooses TSMC's Cutting-Edge A16 Node for its AI Chip Debut

OpenAI is taking a major leap into custom silicon. According to reports from Taiwan, the AI powerhouse has chosen TSMC, the world's leading chip manufacturer, to produce its first-ever AI chips. These chips will be manufactured using TSMC's advanced 1.6-nanometer A16 process node, slated for

Asana's Q2 Earnings Beat Marred by Weak Revenue Outlook, Sending Shares Tumbling

Work management software provider Asana Inc. presented a mixed bag of results in its fiscal 2025 second-quarter earnings report, exceeding analysts' expectations on earnings and revenue but falling short on forward-looking guidance. The news sent Asana's shares tumbling nearly 13% in after-hours trading. Asana reported an adjusted

Salesforce Acquires AI Voice Agent Startup Tenyx in Bid to Bolster AI Capabilities

Salesforce announced Tuesday its agreement to acquire Tenyx, a developer of AI-powered voice agents, signaling a renewed focus on strategic acquisitions to fuel growth in the competitive AI landscape. While the financial details of the deal remain undisclosed, Salesforce confirmed that the acquisition is expected to close in the third

Nvidia Hit With DOJ Subpoenas in Escalating Antitrust Investigation

Nvidia shares tumbled further in after-hours trading Tuesday following a report by Bloomberg that the Department of Justice (DOJ) has issued subpoenas to the chipmaking giant as part of an ongoing antitrust investigation. This news comes on the heels of a brutal day for Nvidia, which saw its stock plummet

Canva's Price Shock, Nvidia's AI Power Play, and ByteDance's Big Borrow

SaaS & Infra | AI | Consumer | Venture SaaS & Infra Canva Price Hike Sparks Backlash Australian design platform Canva is facing criticism for a significant price increase to its Canva Teams product. Some users have seen their annual bills more than triple, prompting complaints about affordability and the value proposition of