Author: Editor

Fireworks AI is seeking to raise fresh funding at a valuation between $30 billion and $40 billion, a dramatic jump just months after the AI-infrastructure startup was valued at $17.5 billion, according to people familiar with the matter.The potential valuation leap reflects investors’ appetite for the companies selling the computing power and tools fueling the AI boom, even as Fireworks AI works through the fallout from a recent security incident.The talks around the financing are still early, and valuation targets could still change. Fireworks declined to comment.Founded in 2022, Fireworks was built by veterans of Meta and Google’s AI efforts.…

For years, Netflix has been telling investors how excited it is about its move into video games.More recently, it has also started talking up its move into podcasts.But when the company released its third-quarter earnings on Tuesday, the streamer had nothing to say about either foray.What does that mean? Netflix won’t say. But I’m pretty comfortable coming up with my own conclusion: Netflix doesn’t think games or podcasts are going to do much for its business, at least in the near future.That also tracks with new reporting from The Wall Street Journal, which says that Netflix has recently “stopped pushing…

Netflix’s third-quarter earnings failed to excite investors, a week after a major content executive shuffle and its biggest round of layoffs since 2022.The streamer turned in results above expectations for the third quarter, but provided weak guidance for the rest of the year. Netflix said its earnings beat was primarily due to the timing of expenses.Netflix’s revenue growth slowed for a third straight quarter, and the company projected it would continue to decelerate in the fourth quarter.Shares fell up to 6% in after-hours trading on Tuesday.”While Netflix is growing, the pace of that growth is slowing,” Forrester’s Mike Proulx said.…

United Airlines is slashing its profit forecast for the year as fuel costs continue to bite, but the carrier said passengers keep booking.United said Tuesday that it expects to earn between 50 cents and $1.50 a share on an adjusted basis in the fourth quarter, well below the $1.76 a share Wall Street analysts expected. At the high end of that range, it would bring United’s 2026 adjusted earnings to no more than $7.22 per share. In mid-July, United said it was expecting full-year earnings of $9 to $11 a share. The carrier expects to pay an average of $4.80…

Exterior of a long-range Boeing 737 MAX 10 at the Farnborough Airshow in Farnborough, England, July 18 2022.Richard Baker | In Pictures | Getty ImagesThe Federal Aviation Administration on Tuesday signed off on the Boeing 737 Max 10 after years of delays, a major win for the manufacturer and the last in Boeing’s best-selling family of jets to get government approval.The green light comes weeks after federal officials reviewed a navigation system glitch on the aircraft but deemed it was not a safety-of-flight issue.The 737 Max 10, the largest model in the family, was set to start flying in 2020,…

The website of clothing retailer J.Crew crashed Monday, leaving shoppers with a bizarre message: “JCrew generative AI Backend is healthy.”Multiple screenshots posted to social media by puzzled customers showed the statement on the brand’s website set against an otherwise blank, black page.wtf is up with the @jcrew website https://t.co/08D0NN7phI— Angela (@angelamaay) October 19, 2026 “Wtf is up with the @jcrew website,” one online browser posted to X along with a screenshot. J. Crew’s customer service account responded to the post shortly after, saying, “We’re working to get the site back up and running – sorry for the trouble. Hope you’ll…

A new food delivery service is taking aim at menu mark-ups — and some entrenched rivalsRestaurant ordering software company Olo is launching its own customer-focused app, it said on Tuesday. The app puts it in competition with more established delivery companies, such as DoorDash and Uber Eats.On Olo’s app, customers will see the same prices that restaurants charge in-person patrons, the company said. By contrast, third-party delivery services often charge customers higher menu prices than diners would get at a restaurant.Offering in-store prices can save customers between 15% and 30%, Olo said.”It’s a better experience for consumers and a more…

Student-loan borrowers are legally entitled to debt relief — but they’re still waiting for it to arrive, an advocacy group contends in a new court filing.The Project on Predatory Student Lending — a borrower advocacy group — filed a new motion in its years-long lawsuit to get relief for thousands of defrauded borrowers.In July, a federal court denied the Trump administration’s request to delay relief under the Sweet v. McMahon settlement, which has provided $23 billion in relief to over 500,000 borrowers. Now, PPSL says that over 1,000 members of the settlement class are still waiting for loan discharges or…

Elon Musk says money could be meaningless one day, and the vast majority of his wealth will likely be gone within a few generations.The world’s richest person predicted that advances in robotics and space travel will create a multiplanetary economy, at which point “money becomes irrelevant” and “conventional currency will not matter.”Value will be measured in mass and power or energy, he continued. “So that’s my guess,” he said, adding that it seemed a “pretty obvious” outcome to him.The Tesla and SpaceX CEO shared his vision of a post-money future and his outlook on his personal fortune with his biographer,…

Samuel Boivin | Nurphoto | Getty ImagesNetflix is set to report quarterly earnings after market close on Tuesday as the media industry faces consolidation, spinouts and intensified competition. Here’s how Netflix is expected to perform for the period ended Sept. 30, according to estimates from analysts polled by LSEG:Earnings per share: 82 cents estimatedRevenue: $12.87 billion estimatedLast week, Netflix said it was laying off about 6% of employees, or roughly 1,000 workers, and that Chief Content Officer Bela Bajaria was departing from that role.The changes come as Netflix faces stagnating viewership and growing competition from the likes of YouTube. At the…