business

J. Edward Moreno10/30/24

DoorDash delivers some piping hot profits, breaking a four-year losing streak

DoorDash posted its first quarterly profit since the pandemic on Wednesday, beating Wall Street expectations in virtually every metric.

The company made $162 million in profit in this most recent quarter, up from a $73 million loss at the same point last year. The last time DoorDash was in the green was in June 2020, when it made $23 million in profit.

DoorDash went public in December 2020, making this its first profitable quarter as a public company. Despite beating Wall Street expectations, the company’s stock slipped 0.29% in after-hours trading.

It reported 643 million orders, up from 543 million at the same point last year. The total value of those orders was $20 billion, up from $16.7 billion in 2023. Both metrics are closely watched by analysts and point to a consumer that’s still willing to spend on food delivery.

DoorDash also announced a partnership with Lyft, giving DashPass members certain benefits on the ride-hailing app. The partnership is a clear dig at Uber, a common rival that offers both ride-hailing and food-ordering services.

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Airbnb is expanding its hotel offerings and adding car rentals to its app

As cities crack down on listings, the homestay platform is attempting to become an “everything app” for travel.

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Which companies have the best and worst reputations, according to Americans?

The 2026 Axios Harris Poll 100 reputation ranking suggests the US prefers Big Tech to Big Media.

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Spotify expands its anti-AI verified badges to podcasts

Spotify introduced verified badges for musician profiles in late April.

Spotify Hosts a "Now Playing" Creator Day at its Los Angeles Campus

business

Tom Jones5/19/26

Demis Hassabis, Google DeepMind’s CEO and founder, was also an early Anthropic investor

A chess prodigy and an actual a knight of the realm in the UK, it’s perhaps no surprise that Demis Hassabis has made some strategic moves about his exposure to AI upside. According to people familiar with the matter, the influential AI architect became an angel investor in Anthropic, currently behind many of the leading AI models, per Arena AI leaderboards.

The Nobel Prize winner’s position in the Claude creator was previously undisclosed and, per the Financial Times, highlights Hassabis’ “growing influence across the AI industry.”

Google, which bought DeepMind, the company that Hassabis cofounded and heads to this day, for a reported ~$400 million in 2014, is also a key Anthropic investor. The tech giant reportedly plans to invest up to $40 billion in the AI company as part of the mutually beneficial relationship the pair have forged, with reports that Anthropic has committed to spending $200 billion in the other direction on Google’s cloud services over the next five years.

I’m playing all sides, so I always come out on top

In addition to his financial support for Anthropic, Hassabis has also invested in a range of AI startups launched by colleagues, such as Inflection AI, a company set up by DeepMind cofounder Mustafa Suleyman (who is now CEO of Microsoft AI), as well as efforts from other collaborators, like David Silver’s Ineffable Intelligence.

Hassabis also emerged as a recurring figure on the fringes of the recent Elon Musk v. Sam Altman trial, cropping up repeatedly in testimonies and court documents and appearing to live, as The Verge put it, “rent-free” in Musk’s head.

Founded in 2021, Anthropic has recently raised funding at a reported $900 billion valuation, sending it soaring ahead of competitor OpenAI.

Google DeepMind’s Demis Hassabis emerges as early Anthropic investor

Google DeepMind’s Demis Hassabis emerges as early Anthropic investor

The Nobel Prize winner’s position in the Claude creator was previously undisclosed and, per the Financial Times, highlights Hassabis’ “growing influence across the AI industry.”

Google, which bought DeepMind, the company that Hassabis cofounded and heads to this day, for a reported ~$400 million in 2014, is also a key Anthropic investor. The tech giant reportedly plans to invest up to $40 billion in the AI company as part of the mutually beneficial relationship the pair have forged, with reports that Anthropic has committed to spending $200 billion in the other direction on Google’s cloud services over the next five years.

I’m playing all sides, so I always come out on top

In addition to his financial support for Anthropic, Hassabis has also invested in a range of AI startups launched by colleagues, such as Inflection AI, a company set up by DeepMind cofounder Mustafa Suleyman (who is now CEO of Microsoft AI), as well as efforts from other collaborators, like David Silver’s Ineffable Intelligence.

Hassabis also emerged as a recurring figure on the fringes of the recent Elon Musk v. Sam Altman trial, cropping up repeatedly in testimonies and court documents and appearing to live, as The Verge put it, “rent-free” in Musk’s head.

Founded in 2021, Anthropic has recently raised funding at a reported $900 billion valuation, sending it soaring ahead of competitor OpenAI.

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