Paul Drecksler is the founder and editor of Shopifreaks E-commerce Newsletter, covering the most important stories in e-commerce since 2021.
Harvey has opened talks on a round of at least $500 million that would value the legal AI company at $15.5 billion, 40% above where it stood five months ago, according to Stephanie Palazzolo and Julia Hornstein at The Information. Lightspeed Venture Partners has shown...
Amazon Pharmacy has begun filling weight loss prescriptions for Medicare Part D members who qualify under the federal GLP-1 Bridge Program, at $50 a month with delivery free and no Prime membership required. Covered drugs are Wegovy in injection and pill form, plus...
Indonesia has pushed back the 0.5% income tax that its marketplaces were supposed to start withholding from sellers this month, moving the start to November 1 and promising to refund anything already taken. The tax office said it made the call to protect household...
eBay told sellers in its August update that delivery delays won't count against their seller rating so long as they ship on time using an eBay label, one sentence with no elaboration, according to Liz Morton at Value Added Resource. Sellers read the condition as eBay...
OpenAI will turn on ChatGPT advertising in Brazil and Mexico within the week, adding to the US, Canada, the UK, Japan, Korea, Australia, and New Zealand. Only users on the Free and Go tiers see ads, and advertisers have been able to aim them at specific regions inside...
A New Mexico judge found that Facebook and Instagram amount to a "public nuisance," a doctrine courts have almost always applied to physical contamination rather than software, and ordered Meta to put $567 million into a youth mental health fund over five years. Judge...
X asked the 5th Circuit to revive its antitrust suit against advertisers it accuses of illegally boycotting the platform, a week after settling with the ad trade group it sued first. Mars, CVS Health, Nestle, Abbott Laboratories, Colgate-Palmolive, Lego, Pinterest,...
Meta launched its first coding agent, Muse Code, in preview, running on Muse Spark 1.2, the model Meta trained alongside the agent to improve its coding performance. Developers set it up with a single command and hand it whole engineering tasks, from planning a change...
Unitree priced its Shanghai IPO at 150.8 yuan a share, valuing the humanoid robot maker at roughly 61 billion yuan ($9.04 billion) and making it the first of its kind to list on the mainland. The Hangzhou company is offering 40.45 million new shares on the STAR...
Nielsen agreed to acquire DoubleVerify for $13.60 a share in cash, an enterprise value of about $2.15 billion and a 30% premium to where the stock had averaged over the prior 60 trading days. DoubleVerify went public in April 2021 at $27 a share, so the exit price is...
Klaviyo agreed to buy the software and intellectual property of Agency, a startup building AI agents for customer success, for undisclosed terms, with the deal expected to close in the third quarter. Agency co-founder and CEO Elias Torres will become Klaviyo's chief...
Four families sued Meta, Google, TikTok, and Snap in Delaware Superior Court over the suicides of their children, alleging the companies built platforms and recommendation systems to maximize engagement among kids while pushing them content about anxiety, depression,...
LinkedIn began letting members flag posts and comments with a "seems like AI slop" button last month, and it's retiring the enhance your post tool that pushed users toward AI proofreading and rewriting in the first place, according to Patrick Coffee at the Wall Street...
OpenAI has spent three million GPU hours on its investigation into the breach its agents carried out against Hugging Face, a cleanup worth $4 million to $15 million depending on whether it ran on Nvidia Hopper or Blackwell chips, according to Emily Forlini at Fortune....
Panthalassa has opened a $225 million round at a valuation approaching $2 billion, double what it was worth in May when it took in $140 million, according to two people close to the deal who spoke to Julia Hornstein at The Information. Both 8090 Industries and Hanwha...
Anthropic hired Robert Mahari as head of Claude for Legal, a job centered on driving adoption at law firms, in-house departments, and legal tech vendors rather than on building the product. Mahari has a JD-PhD in legal AI from Harvard Law School and the MIT Media Lab,...
OpenAI's first device is a doughnut-shaped smart speaker roughly as big as a hockey puck, with moving parts meant to make it feel alive, according to Bloomberg's Mark Gurman. The device has no display, runs on a battery, and is built to be carried one-handed or set on...
AWS leaders told engineers at a May meeting to conserve server capacity wherever they could, on machines running ordinary CPUs as well as AI chips, and teams have deadlines later this year to cut how much compute they use, according to Catherine Perloff at The...
