Author: GT

Shares of Airbnb rose as much as 5% in extended trading on Thursday after the company reported third-quarter results that beat analysts’ estimates for revenue and offered rosy guidance.Here’s how the company did based on average analysts’ estimates compiled by LSEG:Earnings per share: $2.21 vs. $2.34 cents expectedRevenue: $4.10 billion vs. $4.08 billion expectedRevenue increased 10% from $3.73 billion during the same period last year. The company reported net income of $1.374 billion, or $2.21 per share, up slightly from $1.368 billion, or $2.13 per share, a year earlier.For the fourth quarter, Airbnb said it expects to report revenue of $2.66 billion…

On an earnings call on Tuesday, Pinterest CEO Bill Ready highlighted the promise of open source AI models in helping the company keep its costs down as it expands the use cases for visual AI. The image pinboarding site, which often serves as consumers’ first step in their shopping journey, leverages AI technology to power a variety of features, including its personalized recommendations, a multimodal search experience that combines text and images, ad targeting, and, most recently, product discovery with the launch of its AI-powered Pinterest Assistant. However, investors wanted to know what Pinterest’s opportunity in agentic commerce — AI…

Even Rogers spent a decade as an Air Force weapons officer watching China and Russia build space weapons while the U.S. had “nothing in our arsenal.” So he left the military to solve the problem himself.  Now, as co-founder and CEO of True Anomaly, he’s building the first exclusively defense-focused space superiority company, developing autonomous spacecraft, sensors, and software designed specifically for military engagements in orbit. With $418 million raised and a growing team, Rogers is racing to field capabilities the Space Force desperately needs.  Today on TechCrunch’s Equity podcast, Rebecca Bellan sat down with Rogers to explore the emerging business of space defense and why the U.S. is playing catch-up.  Listen to the…

David Sacks, White House AI and Crypto Czar, attends a meeting of the White House Task Force on Artificial Intelligence (AI) Education in the East Room at the White House in Washington, D.C., U.S., September 4, 2025. Brian Snyder | ReutersVenture capitalist David Sacks, who is serving as President Donald Trump’s artificial intelligence and crypto czar, said Thursday that there will be “no federal bailout for AI.””The U.S. has at least 5 major frontier model companies. If one fails, others will take its place,” Sacks wrote in a post on X.Sacks’ comments came after OpenAI CFO Sarah Friar said Wednesday that the startup wants…

Apple is nearing a deal with Google that would see the iPhone maker pay the tech giant roughly $1 billion a year for a custom version of Google’s Gemini AI model to power its overhaul of Siri, according to a new report from Bloomberg. The move is a big one for Apple, which has traditionally relied on its own technology but plans to use Google’s model as a temporary solution until its own AI becomes powerful enough, including to power a slate of upcoming features for the voice assistant. The custom AI model’s 1.2 trillion parameters — a measure of…

Next year is shaping up to be a good one for reshoring stocks, according to Societe Generale. The firm sees three major catalysts ahead for stocks tied to reshoring, which is the return of companies’ overseas operations to the United States. For one, the reshoring trend should get a boost from the so-called One Big Beautiful Bill , which was signed into law in July, Societe Generale strategist Manish Kabra wrote in a note Monday. The most impactful measure in the law is the 100% bonus depreciation for qualified properties acquired and placed in service after January 2025, he said.…

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during a dinner with tech leaders in the State Dining Room of the White House in Washington, DC, US, on Thursday, Sept. 4, 2025. US President Donald Trump said he would be imposing tariffs on semiconductor imports “very shortly” but spare goods from companies like Apple Inc. that have pledged to boost their US investments. Photographer: Will Oliver/EPA/Bloomberg via Getty ImagesWill Oliver | Bloomberg | Getty ImagesMeta projected that 10% of its overall sales in 2024, or about $16 billion, came from running online ads for scams and banned goods, according…

Lucid Motors’ chief engineer Eric Bach is leaving the company after more than a decade, the company has announced. Bach, who also served as Lucid Motors’ Senior Vice President of Product, has been with the company since 2015. He joined Lucid after spending three years as Tesla’s Director of Engineering, where he worked alongside Lucid Motors’ former CEO and CTO Peter Rawlinson. Bach spent more than 10 years at Volkswagen before Tesla. TechCrunch has learned that Lucid’s VP of Engineering, James Hawkins, is also no longer with the company after spending 10 years there. Lucid Motors declined to specifically comment…

While Roy Lee, the founder of Cluely, argues that startups should be thinking harder about social media virality, he also admits that brand awareness alone won’t lead to sustained growth. “I can’t say if it’s a mistake, but maybe we launched too early,” Lee said onstage at TechCrunch Disrupt 2025 last week. “The whole idea [was] let’s launch something that barely works, and if we can get enough initial users, they will find out the use cases for us.” Cluely burst onto the tech scene in April with rage-bait marketing for a product it claimed would help users “cheat on…

LONDON (AP) — The scene: Outside a stately English home, a man and a woman attempts to solve a mystery. What’s unusual about this picture?They’re using the internet.In a departure from what could be the logline for many a cozy English mystery before it, “Agatha Christie’s Tommy & Tuppence” marks the first time Agatha Christie’s work has been modernized for an English-speaking TV audience. In this six-part drama premiering next year, there are phones, social media and TikTok alongside the usual murky secrets, red herrings and nefarious crimes.Speaking in late October on the set of the BritBox contemporary series shooting…