The Trump administration on Thursday finalized new double-digit tariffs on dozens of U.S. trading partners as it seeks to reconstitute sweeping tariffs struck down by the Supreme Court in February. The new tariffs, ranging from 10% to 12.5%, follow a five-month investigation into trading partners’ efforts to remove products made with forced labor from their
Patreon, a platform for creators that pays for their content, is laying off staff. In a publicly shared note addressed to Patreon content creators, CEO Jack Conte announced that the creator economy startup is laying off 93 employees, roughly 20% of its workforce. Conte said in the memo to employees that “the market in which
Paramount+ is looking to level up by making more of its content free. Paramount’s flagship streamer plans to expand access to movies and shows available to people without a subscription, according to an internal presentation seen by Business Insider. This so-called “free front porch” feature would allow people in the US to watch select movies
Nearly 200 Silicon Valley companies, including Proton and Y Combinator, are urging the Trump administration not to cut off access to open-source Chinese AI models or risk crippling the next generation of American startups. On Wednesday, the newly formed Little Tech Association sent letters to President Donald Trump, Commerce Secretary Howard Lutnick and other members
The bill for Google’s AI overspending is yet to come. Google said Wednesday that its second-quarter free cash flow turned negative by $5.9 billion, as the company’s capital spending continues to rise. It’s the first time the company has reported negative free cash flow in decades, according to AlphaSense, a sign of how much money
Imagine earning almost an extra $100 billion and dedicating exactly one vague sentence to it. That’s exactly what Google’s parent company, Alphabet, did in its second quarter earnings report. The tech giant reported that its “other income” amounted to $98 billion in the second quarter, saying it came from unrealized gains on its investments. Analysts
