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Less than a year ago, our reporters kept hearing doubts about a group of startups called inference providers. Companies like Fireworks, Baseten and Together AI, which rent out Nvidia servers to app developers and help them customize open-source models, had grown quickly but seemed at risk of getting steamrolled by major cloud providers that could build these capabilities in-house. Those traditional cloud providers also have the advantage of owning the AI chips servers they rent out; inference firms, in cont
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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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XREAL has launched a new sub-brand called X By XREAL, or xbx, with the a01 as its first product. The new AR glasses are designed as a more accessible entry point into XREAL’s big-screen wearable display ecosystem, with a U.S. launch planned for July at a starting price of $299. The a01 keeps the familiar idea behind XREAL’s glasses: connect to a device and turn it into a large private... Read more ›
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XRP stayed trapped inside the same consolidation structure after another rejection near $1.36, with traders watching whether months of compression finally resolve into a larger move. Read more ›
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Get 20% off with verified Dell promo code, plus today’s coupons for up to $600 off laptops, Alienware monitors, and all things tech. Read more ›
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The Information
Meta Platforms has begun notifying thousands of employees that they are being laid off, as it embarks on its latest effort to cut costs and offset the heavy investment in artificial intelligence. Meta had said last month it would lay off about 8,000 people on Wednesday, about 10% of its 78,000 ... Read more ›
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SpaceX’s draft prospectus, which could become public as soon as later on Wednesday, has prominently positioned a photograph of its Starship rocket, in the very early stages of liftoff, with bright orange flames emerging from its engines and smoke plumes underneath. The photo underlines how the 400-foot-tall rocket is the most significant piece of SpaceX’s investor pitch. As the prospectus details, Starship is a key factor in the company’s future... Read more ›
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Google came into its flagship developer conference, Google I/O, on Tuesday with a big question to answer: Does it have a counter to Anthropic’s dominance in coding?The takeaway, after a sweltering day in Mountain View, Calif.: Google wants to redefine the competition. Google didn’t release a new “pro” version of its flagship model, Gemini, to compete with Anthropic’s much hyped (though not yet widely released) Mythos. It teased a Pro... Read more ›
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Vox Media is splitting in two and James Murdoch, son of media mogul Rupert Murdoch, is buying the half that owns New York magazine, Vox.com and the Vox podcast network, Vox announced. The rest of Vox, including websites Popsugar, SB Nation, The Dodo and The Verge, will become part of a new ... Read more ›
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Hackers broke into GitHub’s internal systems and stole data from thousands of its internal repositories, the Microsoft-owned company disclosed Tuesday night. While GitHub said it didn’t find any evidence that customer data was stolen, the hackers were able to access over 3,800 of GitHub’s ... Read more ›
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Businesses are spending more on Anthropic and other AI providers, and the additional budget has to come from somewhere. One natural target for cuts is other software. While businesses aren’t abandoning their enterprise applications outright, they’re putting themselves in a better position to do so if AI makes traditional apps less important. For starters, many are demanding shorter contracts and other favorable terms from longtime software as a service vendors,... Read more ›
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The recent bankruptcy of Parker, a corporate card startup that catered to e-commerce customers, is a good reminder that lending is one of the toughest ways to make money in fintech. Parker had been among the dwindling number of standalone, tech-heavy lenders geared toward small businesses that first sprung up during the fintech funding boom. These startups often adopted a common playbook of zeroing in on a subset of small... Read more ›
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OpenAI is preparing to file for an initial public offering in the coming weeks, according to people familiar with the matter. The filing could potentially speed up the offering for the pioneer of conversational artificial intelligence, accelerating a race with rival Anthropic to reach public ... Read more ›
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The White House’s Office of the National Cyber Director hosted a briefing Tuesday for companies including OpenAI, Anthropic and Reflection AI on a planned executive order on AI that will empower intelligence and other government agencies to review advanced models before the models are released, according to people familiar with the matter. President Donald Trump could sign the order as soon as Thursday, the people said. Representatives of cloud providers,... Read more ›
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Fintech startup Mercury said it raised $200 million at a $5.2 billion valuation shortly after receiving conditional approval from regulators for a bank license. The neobank, led by CEO and co-founder Immad Akhund, drew investment from TCV and existing venture firms such as Andreessen Horowitz, ... Read more ›
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27.05.2026 01:35
Last update: 01:30 EDT.
News rating updated: 08:31.
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