Sara Fischer / Axios:
Adtech company The Trade Desk announces Ventura, a smart TV operating system, and plans to partner with TV manufacturers for its rollout, expected in H2 2025 — – “We’re looking at a concentration around a handful of players that lack objectivity,” Green said.
Palo Alto Networks reports Q1 revenue up 14% YoY to $2.14B, vs. $2.12B est., and projects FY 2025 sales in line with estimates; PANW drops 5%+ after hours (Claudia Assis/MarketWatch)
Claudia Assis / MarketWatch:
Palo Alto Networks reports Q1 revenue up 14% YoY to $2.14B, vs. $2.12B est., and projects FY 2025 sales in line with estimates; PANW drops 5%+ after hours — Merely in-line outlook for fiscal 2025 weighs on the stock, down 5% after hours — Referenced Symbols
Nvidia reports Q3 revenue up 94% YoY to $35.1B, vs. $33.2B est., Data Center revenue up 112% to $30.8B, vs. $29B est., and forecasts Q4 revenue above estimates (Daniel Howley/Yahoo Finance)
Daniel Howley / Yahoo Finance:
Nvidia reports Q3 revenue up 94% YoY to $35.1B, vs. $33.2B est., Data Center revenue up 112% to $30.8B, vs. $29B est., and forecasts Q4 revenue above estimates — Nvidia (NVDA) reported its Q3 earnings after the bell on Wednesday, beating analysts’ expectations on the top and bottom lines …
Snowflake reports Q3 revenue up 28% YoY to $942.09M, vs. $898.46M est., unveils a deal with Anthropic to bring Claude to Cortex AI; SNOW jumps 18%+ after hours (Larry Dignan/Constellation Research)
Larry Dignan / Constellation Research:
Snowflake reports Q3 revenue up 28% YoY to $942.09M, vs. $898.46M est., unveils a deal with Anthropic to bring Claude to Cortex AI; SNOW jumps 18%+ after hours — Snowflake said it has inked a multi-year deal to bring Anthropic’s Claude models to Snowflake Cortex AI.
Menlo Ventures: business spending on generative AI hit $13.8B in 2024, up from $2.3B in 2023; OpenAI’s marketshare in enterprise AI declined from 50% to 34% (Hayden Field/CNBC)
Hayden Field / CNBC:
Menlo Ventures: business spending on generative AI hit $13.8B in 2024, up from $2.3B in 2023; OpenAI’s marketshare in enterprise AI declined from 50% to 34% — Business spending on generative AI surged 500% this year, from $2.3 billion in 2023 to $13.8 billion, according to data released by Menlo Ventures on Wednesday.
Sources: xAI has told investors it raised $5B in a funding round valuing it at $50B and that its revenue has reached $100M on an annualized basis (Wall Street Journal)
Wall Street Journal:
Sources: xAI has told investors it raised $5B in a funding round valuing it at $50B and that its revenue has reached $100M on an annualized basis — The artificial intelligence startup has more than doubled its valuation from the spring — Elon Musk’s artificial intelligence startup …
Chinese AI company DeepSeek unveils DeepSeek-R1-Lite-Preview, a “reasoning” AI model that it claims is competitive with OpenAI’s o1, and plans to open source it (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
Chinese AI company DeepSeek unveils DeepSeek-R1-Lite-Preview, a “reasoning” AI model that it claims is competitive with OpenAI’s o1, and plans to open source it — A Chinese lab has unveiled what appears to be one of the first “reasoning” AI models to rival OpenAI’s o1.
Threads begins rolling out the ability to create custom feeds globally, giving users options beyond “For You” and “Following” feeds (Sarah Perez/TechCrunch)
Sarah Perez / TechCrunch:
Threads begins rolling out the ability to create custom feeds globally, giving users options beyond “For You” and “Following” feeds — As X competitor Bluesky takes off, topping 20 million users, Meta’s own Twitter-like app, Instagram Threads, has begun rolling …
DCG founder Barry Silbert announces a subsidiary called Yuma to help build decentralized AI services called “subnets” on the Bittensor blockchain network (Jeff John Roberts/Fortune)
Jeff John Roberts / Fortune:
DCG founder Barry Silbert announces a subsidiary called Yuma to help build decentralized AI services called “subnets” on the Bittensor blockchain network — Barry Silbert isn’t done yet. The billionaire entrepreneur first made his mark in finance when, at age 17 …
French AI startup H, which raised a $220M seed in May 2024, announces its first product, Runner H, an “agentic” AI model, available in private beta (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch:
French AI startup H, which raised a $220M seed in May 2024, announces its first product, Runner H, an “agentic” AI model, available in private beta — H, the Paris startup founded by Google alums, made a big splash last summer when, out of the blue, it announced a seed round of $220 million …
