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Traffic to threads is growing
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Threads just had its biggest month ever

Threads made a huge splash thanks to an Instagram-sized springboard — then it nearly died. And now? It’s slowly building momentum.

Last month, threads.net racked up 21.7 million hits from US visitors to its website on mobile and desktop, the most that the site has recorded since its high-profile, Instagram-rocket-boosted launch, according to data from Similarweb.com.

After its introduction in July 2023, which saw it catapult itself to 100 million users as it piggybacked off the enormous Instagram audience, the platform went seriously cold. Getting curious users to try it once was easy enough. Getting them to come back a second time was much harder, with constant headlines reporting on the woes of the app that wanted to eat Twitter’s lunch.

But despite how chaotic the actual Threads feed can be, the platform has slowly found its feet. Three months ago it hit 175 million users, and the latest traffic data — which isn’t perfect because it doesn’t account for any in-app usage — suggests that the momentum has continued.

Spinnin’ a good yarn

However, there are still a lot of problems to fix before Threads gets anywhere near unseating Twitter (X) as the biggest text-based social media platform; its 21.7 million US visits in September was just 2% of the 1.02 billion that X managed, per Similarweb. One of the latest is an “engagement bait” issue, as fame-hungry Threads posters deliberately create content designed to incense other users — like this from internet guru Katie Notopoulos, who experimented with “rage bait” content on the site:

That content has become so prevalent that the company is now working to “get it under control,” per Instagram boss Adam Mosseri.

Go Deeper: Threads vs. The World.

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Uber jumps on news it’s partnering with Amazon’s Zoox in Las Vegas and Los Angeles

Uber jumped premarket after announcing it will offer rides in Amazon-owned Zoox autonomous vehicles on its platform in Las Vegas later this summer and Los Angeles in the middle of next year as part of a multi-year agreement. Zoox is currently testing in 10 US markets, while its available to the public in Las Vegas and select users in the Bay Area.

Uber separately announced a partnership with Serve Robotics and White Castle today to deliver food in Serve’s autonomous sidewalk robots.

tech

Tesla accelerates AI agent push as xAI’s Macrohard falters

Painting “MACROHARD” on the roof of an xAI data center hasn’t been enough to bring the company’s core AI office worker to life. Business Insider reports that the effort to compete with Microsoft has stalled amid staff and leadership departures and what appears to be a hiring freeze.

At the same time, Elon Musk’s public company Tesla seems to be accelerating its own AI agent project, dubbed “Digital Optimus.” It’s meant to perform tasks on a computer much like the Optimus Robot would do in the real world.

Unlike Macrohard’s screenshot-based training approach, Tesla’s effort reportedly mirrors its Full Self-Driving system, processing information in real time rather than step by step.

Add this to the growing list of ways Musk’s empire is blurring together: SpaceX merged with xAI in February, and now Tesla appears to be absorbing one of xAI’s most ambitious projects, with some of Macrohard’s work and computing resources reportedly shifting to Tesla’s Autopilot team.

Unlike Macrohard’s screenshot-based training approach, Tesla’s effort reportedly mirrors its Full Self-Driving system, processing information in real time rather than step by step.

Add this to the growing list of ways Musk’s empire is blurring together: SpaceX merged with xAI in February, and now Tesla appears to be absorbing one of xAI’s most ambitious projects, with some of Macrohard’s work and computing resources reportedly shifting to Tesla’s Autopilot team.

tech

Salesforce reportedly planning $25 billion bond sale to help fund $50 billion buyback

When Salesforce reported earnings last month, it announced a $50 billion share buyback as a show of confidence in its position at a time when investors are questioning AI’s impact on enterprise software. Now, to help fund that buyback, the company is reportedly seeking to sell up to $25 billion in debt — a record sum for Salesforce that could test investor appetite for a more leveraged balance sheet.

Moody’s Ratings called funding the buyback via a bond sale “a material shift in financial policy” and downgraded Salesforce’s credit rating to A2. S&P Global Ratings also lowered its outlook to negative.

Moody’s Ratings called funding the buyback via a bond sale “a material shift in financial policy” and downgraded Salesforce’s credit rating to A2. S&P Global Ratings also lowered its outlook to negative.

tech

Yann LeCun raises $1 billion for his Advanced Machine Intelligence Labs, breaking European records

One of the esteemed pioneers of generative AI, Yann LeCun, has raised $1.03 billion in a seed funding round for his company Advanced Machine Intelligence (AMI) Labs, the largest seed round for a European company. This give AMI Labs a pre-money valuation of $3.5 billion.

The company said the round was co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions. Nvidia, Dassault Group, and global investment firm Temasek are also listed as investors.

After recently leaving Meta, LeCun is making a bold bet that “world models” — which understand how physical objects interact with their environment — are the key to AI’s next big breakthrough, rather than large language models.

The EU is eager to build out its own bench of AI startups as it seeks to build a “Euro stack” that lessens the region’s dependence on American tech companies. The Paris-based AMI Labs will instantly become one of the most important tech companies working on AI in the EU.

The company said the round was co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions. Nvidia, Dassault Group, and global investment firm Temasek are also listed as investors.

After recently leaving Meta, LeCun is making a bold bet that “world models” — which understand how physical objects interact with their environment — are the key to AI’s next big breakthrough, rather than large language models.

The EU is eager to build out its own bench of AI startups as it seeks to build a “Euro stack” that lessens the region’s dependence on American tech companies. The Paris-based AMI Labs will instantly become one of the most important tech companies working on AI in the EU.

tech

Nvidia partners with Mira Murati’s Thinking Machines Lab for 1 gigawatt of Rubin GPUs

Nvidia announced a “long-term” partnership with AI startup Thinking Machines Lab, founded by former OpenAI executive Mira Murati.

The deal involves an investment from Nvidia and a commitment to provide 1 gigawatt’s worth of the company’s next-gen Vera Rubin processors to the startup.

Thinking Machines Lab has raised at least $2 billion for a reported valuation of $50 billion.

In January, two of the cofounders of Thinking Machines Lab left for OpenAI, and another left for Meta. The company’s only product is Tinker, a tool that helps developers train AI models.

Thinking Machines Lab has raised at least $2 billion for a reported valuation of $50 billion.

In January, two of the cofounders of Thinking Machines Lab left for OpenAI, and another left for Meta. The company’s only product is Tinker, a tool that helps developers train AI models.

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