Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware ProjectRead more

Briefing

Affirm’s Loss Widens as Revenue Growth Accelerates

By
Mark Matousek
· · Source: The Information

Affirm’s revenue grew 22% to $446 million in the June quarter, an acceleration from the March quarter when revenue grew only 7%. Shares rose 6% in after-hours trading. Still, the growth rate pales with Affirm’s rapid pace of expansion in the June quarter of last year, when it lifted revenue 39%. The slowdown since last year is in part due to a dramatic decline in the rate of active customer...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
AI Agenda startups ai
AI Startups Are Trying to Make Usage-Based Pricing Happen
By Stephanie Palazzolo · Sept. 28, 2023 7:00 AM PDT
Photo by Midjourney.
Tech waves have often brought along with them corresponding changes in business and pricing models. For instance, when companies moved from using servers in their own data centers to ones hosted by public cloud providers, they also switched from buying packaged software a la carte to subscribing to cloud-based software, leading to the much-loved SaaS model we see today.Now, VCs are telling me...
Latest Briefs
 
Musk’s X Cuts Half of Election Integrity Team After Promising to Expand It
By Erin Woo · Sept. 27, 2023
Apple Used Bing Search Engine as ‘Bargaining Chip’ with Google, Microsoft Exec Says
By Aaron Holmes · Sept. 27, 2023
Meta Rolls Out New AI Products
By Kalley Huang · Sept. 27, 2023
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
Exclusive
Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware Project
By Jessica E. Lessin and Stephanie Palazzolo
Jony Ive, the renowned designer of the iPhone, and OpenAI CEO Sam Altman have been discussing building a new AI hardware device, according to two people familiar with the conversations.
From left to right: Blair Effron, Robert Pruzan and David Handler. Photos by Getty; Tidal Partners.
Exclusive Finance
Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley Dreams
By Michael Roddan
The San Francisco Bay Area–based bankers at Centerview Partners, the investment bank that advised Silicon Valley Bank’s owner and Credit Suisse through recent turmoil, got two doses of bad news last week.
Art by Clark Miller
Exclusive startups entertainment
MasterClass Takes a Crash Course in Frugality
By Paris Martineau
MasterClass had a problem with the shoot featuring its latest star instructor, Walt Disney Co. CEO Bob Iger.
OpenAI CEO Sam Altman and Microsoft CEO Satya Nadella. Photos via Getty
Exclusive microsoft ai
How Microsoft is Trying to Lessen Its Addiction to OpenAI as AI Costs Soar
By Aaron Holmes
Microsoft’s push to put artificial intelligence into its software has hinged almost entirely on OpenAI , the startup Microsoft funded in exchange for the right to use its cutting-edge technology.
Art by Clark Miller
The Big Read policy
Europe Has Figured Out How to Tame Big Tech. Can the U.S. Learn Its Tricks?
By Chris Stokel-Walker
Late last month in Belgium, Sen. Elizabeth Warren (D-Mass.) had a pressing question for Paul Tang, a Dutch politician and member of the European Parliament.
If AI researchers can meet Nat Friedman's Vesuvius Challenge, “It’ll be the first time we’ve read handwriting that hasn’t been seen in 2,000 years.” Art by Clark Miller
The AI Age culture ai
Nat Versus the Volcano: Can an AI Investor Solve an Ancient Mystery from the Ashes of Vesuvius?
By Margaux MacColl
Long before men’s daily thoughts about ancient Rome became a TikTok meme , former GitHub CEO Nat Friedman’s mind was regularly turning toward the Roman Empire.