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Chinese battery giant Contemporary Amperex Technology, better known as CATL, is planning to invest in Chinese AI developer DeepSeek’s fundraising, according to two people with direct knowledge of the matter. CATL’s planned investment comes as it is aggressively stepping up its efforts to sell power equipment to AI data centers.
DeepSeek’s first-ever funding round, which aims to raise about 50 billion yuan ($7.35 billion), could close as early as next month, according to the people. DeepSeek could be valued
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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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Only Samsung currently makes its own CPUs, SSDs, and DRAM, but Huawei may be quietly building its own alternative. Read more ›
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A pharmaceutical empire worth half a trillion dollars cannot be bought, sold, or truly owned—and that structural oddity may be the only thing protecting it from becoming something far more dangerous. Read more ›
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Neuralink, the brain chip startup owned by Elon Musk, is seeing its valuation soar. Investor appetite for Musk's companies is reaching new highs. Read more ›
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Physical media, like CDs, are much more tactile than streaming, but they come with limitations - such as the amount of music that fits on a disc. Read more ›
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Illinois enacted a 0.2% tax on all crypto transactions last month, with the tax taking effect next year. Read more ›
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On Monday, District 9 and Gran Turismo director Neill Blomkamp unveiled his latest project: a 13-minute sci-fi short titled Nightborne that's loosely based on Peter Watts' 2014 novel Echopraxia. The short comes from Blomkamp's new AI startup / production company, Barley Studios, and features characters whose voices and faces are modeled after human actors. But […] Read more ›
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If you're finally ready to cut down those limbs, a full-size chainsaw might not be necessary -- these mini ones from Walmart are on sale and can do the job. Read more ›
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Here are hints and the answers for the NYT Connections: Sports Edition puzzle No. 667 for Wednesday, July 22. Read more ›
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Supermicro said Tuesday it had received new orders worth more than $60 billion in its June quarter, sending its shares up 17% after normal trading hours. The Nvidia server producer made the announcement in a preliminary business update ahead of the company’s official earnings release Aug. 11. It ... Read more ›
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Tesla says it is launching its Robotaxi service in Orlando and Tampa, though it has not shared fleet sizes or whether customers can immediately hail rides. The Verge notes the announcement lands on Tesla earnings day and comes as the company's robotaxi rollout remains far smaller than Elon Musk previously projected, with tracker data showing only a small number of unsupervised vehicles operating in existing cities. From the report: [B]ack... Read more ›
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Amodei was OpenAI's vice president of research before leaving in 2021 to start his own company, Anthropic Read more ›
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Industry leaders argue risk aversion to blame for country’s patchwork rules and slow implementation. Read more ›
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A fresh leak purports to reveal the full specs sheet of both upcoming smartwatches, as well as likely European pricing. Read more ›
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OpenAI said Tuesday that an AI agent it developed went rogue last week and hacked into the systems of AI model repository Hugging Face. OpenAI said that it was testing the agent, powered by its most advanced publicly available model, GPT-5.6 Sol, and other unreleased models to see how well it ... Read more ›
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OpenAI says its AI models mistakenly breached open-source AI platform Hugging Face during internal testing. In a blog post on Tuesday, OpenAI writes that GPT-5.6 Sol and "an even more capable pre-release model" discovered vulnerabilities within their sandboxed testing environment, allowing them to gain access to the internet and target Hugging Face. On July 16th, […] Read more ›
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Today’s startup funding tape says something simple but important: venture investors are still writing large checks, but they are putting that money behind bottlenecks, not broad themes. The strongest rounds announced in the past 12 hours clustered around three pressure ... Read more ›
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The Information
Startups that make chips and related hardware smell cash in the air. Venture capitalists are more eager than they’ve been in years to fund these capital-intensive businesses, excited by Nvidia’s $20 billion Groq deal and signs other strategic buyers are circling. Founders are seizing the moment. Nuvacore, a startup focused on designing new central processing units that was founded by former Apple chip engineers, came out of stealth mode just... Read more ›
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Way to go, Demis Hassabis! The Google DeepMind co-founder and CEO won plaudits from much of the AI industry—including rivals OpenAI CEO Sam Altman, Microsoft CEO Satya Nadella, Block co-founder Jack Dorsey and investors Ashton Kutcher and Chamath Palihapitiya—for proposing the creation of a new AI standards group funded by industry but working with government. Hassabis’ idea is that this new group could review frontier AI models to ensure they... Read more ›
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Strong revenue growth at DeepSeek is empowering the Chinese open-source AI star to raise its second-funding round of 50 billion yuan ($7.4 billion) and plot a potential public offering in Shanghai next year, according to three people with knowledge of the matter. The three-year-old startup’s annualized revenue reached between $400 million and $500 million recently thanks to sales of cloud-based access to its AI models through an application programming interface,... Read more ›
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DeepSeek’s annualized revenue reached between $400 million and $500 million recently, in a potential boost for the Chinese AI developer’s effort to raise its second funding round, The information reported. DeepSeek’s revenue growth, driven by sales of cloud-based access to its AI models, comes ... Read more ›
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Apple has received key approval in China that paves the way for the release of its Apple Intelligence on-device AI service in the country, as the Chinese internet regulator permitted the Apple AI service, along with six other services, under generative AI rules. Apple worked with Chinese ... Read more ›
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Cursor, the coding startup set to be acquired by SpaceX for $60 billion later this year, has been mapping out a major transformation. Michael Truell, Cursor’s CEO, told staff in a companywide meeting in May that the company aims to become a top-tier AI model developer, according to three people who heard the comments, a shift from its roots of specializing in coding. Cursor has also accelerated hiring in sales... Read more ›
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Apple is on the lookout for acquisitions of chip companies to boost its efforts to build server chips for running AI, said people familiar with the company’s efforts. In recent months, the iPhone maker has talked with bankers about possible deals. It has also approached semiconductor startups to gauge their interest in selling themselves, the people said. Apple’s hunt for chip acquisitions comes as the company struggles with the performance... Read more ›
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Last summer, JPMorgan Chase and Coinbase announced a major partnership to tie crypto into the bank’s banking and credit card offerings. The move marked a key endorsement of the top U.S. crypto firm from the biggest bank in the country. Nearly a year later, none of those features has gone live and the companies haven’t publicly explained the delay. Meanwhile, though the companies have maintained their various partnerships, the backdrop... Read more ›
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Chip toolmaker ASML, which makes equipment that plays a central role in chip production around the world, plans to raise prices, according to four people with knowledge of the discussions. That’s likely to bring ASML into conflict with Taiwan Semiconductor Manufacturing Co., the world’s biggest chipmaker and ASML’s largest customer, which recently complained about ASML’s high prices. TSMC has already begun to push back against ASML’s pricing plans, said two... Read more ›
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To survive a zombie apocalypse, you’d probably want to team up with people who are skilled at medicine, engineering, farming—and your prepper uncle who stockpiles beans. To survive a SaaSpocalpyse, who should you team up with?Suppose for a second that the most extreme version of software disruption comes to pass: a couple years from now, AI coding agents have gotten so good that anyone with a computer has high quality... Read more ›
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21.07.2026 18:42
Last update: 18:35 EDT.
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