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Tencent Holdings is gearing up to spend more on AI infrastructure after chip shortages began showing signs of relief. Chief Strategy Officer James Mitchell said on an earnings call Wednesday that the company will spend significantly more in the second half of this year, as more China-designed AI ...
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Xiaomi has taken curtains off the latest addition to its 17 series, the Xiaomi 17 Max, which is confirmed to launch in China later this month. Alongside revealing the new model, the company has also teased its design and color options. The smartphone is also available for pre-order in China. The Xiaomi 17 Max will feature a flat 6.9-inch display with slim bezels on all four sides. The phone will... Read more ›
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Thanks partly to TikTok and Hailey Bieber, Pilates is booming. But quality control problems abound, and it's hard to find comprehensively trained instructors. Read more ›
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Uber reported steady growth in the first quarter, with gross bookings—the dollar value of all transactions on the service—rising 25%, although only 21% on a constant currency basis. Uber’s free cash flow was essentially flat at $2.286 billion. An accounting change in the UK, relating to how ... Read more ›
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Anthropic has struck a deal to use all of the compute capacity from xAI’s first data center in Memphis within the coming month, the company said on Wednesday. The data center, known as Colossus 1, has 300 megawatts of capacity and more than 220,000 Nvidia chips. xAI also said the companies had ... Read more ›
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After years of mostly tumbleweeds, the initial public offering market is about to enter one of its most exciting and potentially volatile eras. SpaceX—with a valuation expected to exceed $1 trillion—is widely anticipated to go public as soon as June, with companies like Anthropic and OpenAI potentially not far behind. As a historic wave of supply hits the market, the mechanics that underpin public trading are about to be pressure-tested.... Read more ›
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DoorDash reported 33% growth in revenue, to $4 billion, a slowdown from the fourth quarter but still several percentage points higher than the growth rate the food-delivery firm had reported for most of last year. The strong growth reflected the acquisition in October of the European ... Read more ›
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Warner Bros. Discovery’s revenues fell 3% in the first quarter, the entertainment firm reported Wednesday, highlighting the challenges facing the Ellison family’s Paramount Skydance, which plans to buy WBD later this year. WBD’s streaming operations, including HBO Max, reported 7% higher ... Read more ›
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Nvidia is partnering with Corning, which manufactures glass used in smartphones as well as optical fiber and hardware components for data centers, to build three new factories in North Carolina and Texas focused on optical technologies. As part of the arrangement, Corning has issued Nvidia ... Read more ›
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Snap’s revenue growth accelerated to 12% in the first quarter, lifted by strong growth in the social media firm’s small subscriptions business. Advertising, which contributes the bulk of Snap’s revenue, grew just 3%, a slower rate than the previous quarter. The anemic growth in advertising ... Read more ›
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Elon Musk once offered Sam Altman a seat on Tesla’s board of directors as part of discussions about OpenAI possibly joining Musk’s electric vehicle company, a Musk ally testified on Wednesday. Shivon Zilis, who has worked for several of Musk’s ventures and has four children with the tech tycoon, ... Read more ›
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Is xAI the next CoreWeave? SpaceX’s announcement on Wednesday that its xAI unit had struck a deal to supply computing capacity to Anthropic comes a couple of weeks after xAI struck a similar deal with AI coding startup Cursor. Last we checked, AI firms with leading models need all the computing capacity they can get, which means they’re constantly looking for capacity from others. Renting out their own capacity is... Read more ›
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Anthropic CEO Dario Amodei said Wednesday that an 80-fold jump in revenue and customers’ AI use in the first quarter took the company by surprise. “We tried to plan very well for a world of 10x growth per year,” he said on stage during the company’s Code With Claude developer conference in San ... Read more ›
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13.05.2026 11:34
Last update: 11:25 EDT.
News rating updated: 18:20.
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