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Battery materials company Redwood Materials said Thursday it had raised $350 million to expand of its new line of business repurposing used batteries to power AI data centers. Its new valuation, of more than $6 billion, is 20% higher than its last fundraising in 2023. The funding, led by ...
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The Information
Apple is one of several tech companies that will contribute to the construction of U.S. President Donald Trump's 90,000-square-foot ballroom, reports CNN. Construction began on the ballroom this week, and the White House's east wing was partially torn down. Trump claims that the ballroom will cost "about $300 million" and that it will be privately funded through donations. The cost has already increased $100 million over the figure that Trump... Read more ›
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OpenAI today said that it has acquired Software Applications Incorporated and its AI app, Sky. Software Applications Incorporated and Sky were created by a team of former Apple employees known for their work on Apple's Shortcuts feature and the Workflow app that preceded it. Ari Weinstein and Conrad Kramer, two of the founders of Software Applications Incorporated, also founded Workflow. Workflow was a popular iOS automation app before Apple acquired... Read more ›
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Trump said on Wednesday that the project will cost "about $300 million." Among the major donors are several Big Tech companies. Read more ›
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The Miss USA 2025 pageant will be held in Reno on Friday. This year's contestants include an "American Ninja Warrior" competitor and a lawyer. Read more ›
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Agreement between Claude chatbot maker and one of its largest investors will add to start-up’s computing firepower Read more ›
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The former head of DOGE says he wants to "create a world where there is no poverty." Read more ›
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Regardless of how much weight you lose, GLP-1 drugs like Wegovy and Ozempic could decrease major adverse cardiovascular events. Read more ›
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Over the last few days our reporters have broken news about two merger discussions that fizzled: Adobe, which was interested in buying video startup Synthesia, and SoftBank, which talked with humanoid robotics maker Agility about a takeover. In both cases, the startups ended up pursuing more venture capital funding at higher valuations.These are just the latest instances of aborted acquisition talks involving artificial intelligence startups that we’ve broken over the... Read more ›
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Earlier this month, IKEA debuted a tiny NFC-enabled bed that's meant to help smartphone users cut down on nighttime usage. The small "Phone Sleep Collection" is modeled after an actual IKEA bed, and it uses the IKEA app to monitor scroll-free sleep time. Users who hit seven hours of scroll-free time for a week straight are eligible for an IKEA voucher. Every phone bed comes with built-in NFC tech, making... Read more ›
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On Thursday, Nike announced Project Amplify, “the world’s first powered footwear system,” which it says isn’t intended for pros—in fact, quite the opposite. Much like e-bikes provide pedal assistance, Project Amplify uses a lightweight robotics system to boost running and walking speed. “The first-generation product, created alongside robotics partner Dephy, isn’t designed for competitive, faster […] Read more ›
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Target said Thursday it was cutting 1,800 roles, including 1,000 corporate employees and 800 open roles. Read more ›
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A new exhibit at the Las Vegas Mob Museum explores the rise and proliferation of organized cybercrime. Read more ›
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Rebecca Coffin owns Hailey's Kitchen Cafe & Bakery in Windham, Maine. She worried about the local community not being able to afford food. Read more ›
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Electronic Arts has announced a new partnership with Stability AI, the creator of AI image generation tool Stable Diffusion. The company will "co-develop transformative AI models, tools, and workflows" for the game developer, with the hopes of speeding up development while maintaining quality."I use the term smarter paintbrushes,” Steve Kestell, Head of Technical Art for EA SPORTS said in the announcement. "We are giving our creatives the tools to express... Read more ›
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Trump said that he was preparing to "surge" San Francisco with federal forces before "friends of mine who live in the area" asked him not to. Read more ›
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The amount of energy required to supply the data centers powering AI is so vast that meeting that need may be more than a lifetime away, according to a senior executive at Apollo Global. From a report: "The gap between what AI is demanding and what we have everywhere in the world on the grid in terms of generation and transmission is huge and will not be closed in our... Read more ›
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The idea of extinction — the permanent loss of life — is frightening. Yet the stakes of losing plants and animals are often unclear. If an already-rare bird vanishes from the forest, most people probably won’t feel the impact. But a troubling situation unfolding in Florida is different. Following a record-shattering heat wave in 2023, two marine […] Read more ›
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The Information
Adobe in recent months held talks with Synthesia, a London-based maker of artificial intelligence software that generates video avatars of people, to buy the startup for about $3 billion, a premium from the startup’s $2.1 billion valuation in a January financing, according to a person with knowledge of the discussions. Synthesia and Adobe walked away without reaching a deal after disagreeing about the price, this person and two others said.... Read more ›
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Andrej Karpathy, one of the founding members of OpenAI, on Friday threw cold water on the idea that artificial general intelligence is around the corner. He also cast doubt on various assumptions about AI made by the industry’s biggest boosters, such as Anthropic’s Dario Amodei and OpenAI’s Sam Altman.The highly regarded Karpathy called reinforcement learning—arguably the most important area of research right now—“terrible,” said AI-powered coding agents aren’t as exciting... Read more ›
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Peter Hoeschele, who runs OpenAI’s Stargate data center team, said at an event last week that the company’s models are essentially in constant training mode. That’s a change from the past, when OpenAI would stop training them when they reached a certain point. “Let’s stop talking about training versus inference,” Hoeschele said after Oracle co-CEO Clay Magouyrk asked him how OpenAI allocates computing resources between training the models and running... Read more ›
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When a crypto crash ricocheted across markets earlier this month, the spotlight landed on Hyperliquid, an exchange that handles more than $13 billion in trades a day with around 11 employees based largely in Singapore. The two-year-old exchange is little known outside crypto markets but wildly popular among traders for offering anonymity, high leverage and giving away a token that has soared in value. Hyperliquid has no outside investors and... Read more ›
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Sakana AI, a Tokyo-based developer of artificial intelligence, is in talks with U.S. and Japanese investors to raise $100 million at a valuation of $2.5 billion, up 66% from a financing a year ago, according to two people involved in the discussions. The funding talks come months after CEO David Ha said publicly that the company would operate profitably within a year. Sakana is developing AI with a different type... Read more ›
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An entity being used to fund Meta Platforms’ large-scale data center in Louisiana sold more than $27 billion in debt with an interest rate about 2.25 percentage points above the U.S. Treasury yield. Meta is raising the debt, maturing in 2049, for a roughly $30 billion special-purpose vehicle the ... Read more ›
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Everett Randle, a former partner at Kleiner Perkins investing out of its growth-stage funds, has joined Benchmark as the firm’s newest general partner, the early-stage firm announced Monday. At Kleiner, Randle worked on investments including enterprise search startup Glean and legal AI ... Read more ›
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Nvidia is discussing guaranteeing some of the loans that OpenAI is planning to take out in order to build its own data centers, The Wall Street Journal reported, citing people familiar with the matter. Such a move would involve risks for Nvidia, as the chip giant could face hefty debt ... Read more ›
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Meta Platforms CEO Mark Zuckerberg must testify in the trial for a lawsuit alleging social media companies have harmed young users, a Los Angeles Superior Court judge ruled on Monday, CNBC reported. Instagram head Adam Mosseri and Snap CEO Evan Spiegel will also have to testify in the trial, ... Read more ›
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The deals keep coming for semiconductor firms and OpenAI. In the past month, Nvidia, Advanced Micro Devices and Broadcom have each reached very different agreements to supply chips to OpenAI. The arrangements open up all three to the risk that OpenAI, which expects to burn $115 billion through 2029, can’t afford to keep its commitments. The deals pose different risks to each company’s business, but AMD faces the biggest downside... Read more ›
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Most popular sources
Business Insider
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22% 5 |
MacRumors
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10% 5 |
Gizmodo
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9% 1 |
Tom's Hardware
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8% 4 |
Wired
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7% 0 |
| View sources » | |
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23.10.2025 20:50
Last update: 20:35 EDT.
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