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Weapons maker Anduril expects to roughly double revenue this year to about $4.3 billion, while its operating loss would rise by nearly half to $1.2 billion, according to confidential financial figures shared with prospective investors.
The privately held company is raising $4 billion, valuing it at about $60 billion, in a deal led by existing investors Andreessen Horowitz and Thrive Capital. The new capital would help offset substantial operating losses it predicted through the end of the decade. Anduril d
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The Information
An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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Dmitri Dolgov said tech breakthroughs improve early progress but don't address the "long tail," the complex edge cases that need time and effort. Read more ›
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Blake Lively and Justin Baldoni's legal battle over "It Ends With Us" reached a settlement weeks before the trial was set to begin. Read more ›
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Nothing launched the CMF Watch 3 Pro in July of last year, and, believe it or not, this device still isn't available in India. That, however, will finally change on May 6. Nothing has announced the official launch date for the affordable smartwatch in India without revealing why it's taken more than nine months for this to happen. [#InlinePriceWidget,14217,1#] Anyway, the watch will be available on Flipkart. It boasts a... Read more ›
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Russia is hosting a scaled-down version of the parade this year, saying it won't display military equipment due to the war situation. Read more ›
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The Information
Google and the Department of Defense signed a deal allowing the Pentagon to use Google’s AI models on classified work, according to a person with knowledge of the situation. The agreement allows the Pentagon to use Google’s AI for “any lawful government purpose,” according to the person—echoing language that has been controversial in other AI company discussions with the Pentagon. Read more ›
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Meta Platforms is preparing for a possible unwinding of its $2 billion acquisition of AI agent application Manus, after Chinese regulators ordered that the parties involved in the deal revoke the transaction, The Wall Street Journal reported. Undoing the acquisition could be complicated as Meta ... Read more ›
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Chinese tech giant Tencent’s latest AI model has generated positive reviews from developers. But the company probably owes some of that success to Anthropic. Tencent employees used Anthropic’s Claude to assist them with evaluating and fine-tuning the model, known as Hy3, to improve its performance, according to two people with direct knowledge of the matter and Tencent’s internal memos reviewed by The Information. That’s despite the fact that Anthropic doesn’t... Read more ›
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For years, executives at Microsoft have become accustomed to tussling with OpenAI over the terms of the companies’ complicated business partnership, which gave Microsoft exclusive rights to sell OpenAI’s technology to cloud customers. Then two months ago, the ChatGPT maker announced a surprise deal to sell its AI to businesses through Amazon, a Microsoft archrival. While OpenAI thought its contract with Microsoft allowed for the Amazon arrangement, Microsoft disagreed. So... Read more ›
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Young startups such as Fei-Fei Li’s World Labs and Yann LeCun’s AMI Labs have raised billions of dollars in funding in the last year to develop world models. That’s the term for foundation models that approximate the physics of how objects and humans interact with their surroundings—attributes some researchers believe are key to developing working robots. Now more founders are trying to tap investor interest in these models.One such startup... Read more ›
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The first big challenge for Elon Musk in the trial phase of his lawsuit against OpenAI came before opening arguments: major participants had to agree to stop tweeting about the case. The pledge to stay off social media for the duration of the trial also affects OpenAI CEO Sam Altman and ... Read more ›
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Amazon Web Services has been in the spotlight this week because it can now sell OpenAI models to its cloud-server customers for the first time, thanks to a sudden change in OpenAI’s long-running partnership with Microsoft. But AWS is still chasing its white whale: creating a hit enterprise application.With that in mind, AWS on Tuesday announced a new desktop app for its suite of AI agents that automate tasks such... Read more ›
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OpenAI models will finally be available on Amazon Web Services, the companies said Tuesday, a day after OpenAI and Microsoft announced new terms in their long-standing partnership that freed other cloud providers to sell OpenAI’s models with fewer restrictions. OpenAI’s 5.4 model is now ... Read more ›
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Spotify stock dropped 13% after the music streaming service reported 8% revenue growth for the first quarter but forecast a slowdown in its premium subscriber growth rate for the second quarter. Excluding the impact of foreign exchange movements, Spotify’s revenue grew 14%. Spotify recently ... Read more ›
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Robinhood shares fell more than 6% in after-market trading after reporting a 47% plunge in crypto trading revenue from a year ago. Despite the slump, record volumes in prediction markets lifted Robinhood’s total revenue 15% to $1.07 billion. The result shows individual traders that use Robinhood ... Read more ›
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05.05.2026 01:17
Last update: 01:10 EDT.
News rating updated: 08:11.
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