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Chinese AI developer MiniMax on Monday launched a new large language model called M3, saying the new model’s coding capability approaches that of Anthropic’s Opus 4.7, which was released in April. The new MiniMax model is particularly suitable for coding and complex multi-step tasks for AI ...
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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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This is The Stepback, a weekly newsletter breaking down one essential story from the tech world. For more on aviation, air taxis, and Wi-Fi speeds at 30,000 feet, follow Andrew J. Hawkins. The Stepback arrives in our subscribers' inboxes on Sunday at 8AM ET. Opt in for The Stepback here. How it started Last year, […] Read more ›
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The Bank of Korea has named performance bonuses at Samsung Electronics and SK hynix as a risk to the country's inflationary stability. Read more ›
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NATO has been able to "sit back" and engage threats with missiles and jets, but "those days are over," a top commander said. Read more ›
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"A grassroots movement is forming among everyday tech workers who are demanding their companies develop and deploy AI responsibly," reports TechCrunch. Hoping to leverage that discontent is a new super PAC called the Guardrails Alliance. The New York Times reports that it launched Thursday with backers that included tech employees and labor unions: Guardrails positions itself as a populist political movement that runs on small donations from people in the... Read more ›
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Dr. James Ries says that his Razer Naga V2 MMO gaming mouse helps him treat patients by keeping relevant medical responses at his fingertips. Read more ›
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Anthropic and OpenAI have some pressing reasons to go public. But they have already relieved some of the pressure that typically pushes companies toward initial public offerings: employees anxious to cash out their equity. The two AI model companies have allowed early employees and investors to sell a combined $14 billion in shares over the last five years, according to The Information’s estimates. More employee sales of private shares are... Read more ›
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Demand for knockoff versions of retatrutide, a peptide-based drug being developed by Eli Lilly, has skyrocketed lately, propelling a gray market that likely exceeds $100 million in annual sales, according to an estimate prepared by The Information that examined many of the market’s biggest ... Read more ›
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What a weekend! Set time aside this coming Thursday for the New York City ticker tape parade celebrating the victorious Knicks. The joy flowing from that game Saturday night tops even the plaudits flowing from SpaceX’s successful IPO (read down for more on that subject.) Still, SpaceX was quickly supplanted in the business limelight by the latest Anthropic-government drama, this time over the AI firm’s recently released Fable 5 model.... Read more ›
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Tencent Holdings has backed a new AI lab founded by Junyang Lin, former lead researcher of Alibaba Group’s Qwen models, according to two people with knowledge of the investment. Tencent invested $20 million in Lin’s first funding round that raised several hundred million dollars at a post-money ... Read more ›
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Data center software startup and AI-server broker Hydra Host has raised $100 million at a valuation of close to $800 million, led by Kindred Ventures. Nvidia, Cathie Wood’s ARK Invest, early CoreWeave backer Magnetar, and existing investors Founders Fund and Flume Ventures also participated. ... Read more ›
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The Murdoch family’s Fox is buying Roku for $22 billion in cash and stock, or $160 a share, giving Roku shareholders an exit at the highest price at which the stock has traded since the 2020-2022 Covid-fueled surge. In recent years Roku has traded mostly below $100 a share. Roku, which sells ... Read more ›
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When Broadcom last week announced a funding venture with Apollo and Blackstone to pay for a gigawatt of computing capacity to be used by Anthropic, it looked like the latest in a series of AI computing deals funded by private equity. Behind the scenes, however, the deal represents a risky move by Broadcom to boost demand for its chips. While the announcement didn’t spell out Broadcom’s role, the company—which works... Read more ›
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Salesforce has agreed to buy Fin, a startup that develops customer agents formerly known as Intercom, for $3.6 billion, as the software giant hopes to win new businesses from enterprises to adopt its own AI offering. The sale price is a big premium to Fin’s last valuation of $2 billion set at a ... Read more ›
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Anthropic can’t catch a break! Leaders of the AI firm are meeting with Trump administration officials in D.C. this week to try to resolve a dispute that blew up on Friday night. The administration said that it would need to cut off access to its most advanced Claude Fable 5 and Claude Mythos 5 models to foreign nationals, which led to the company taking down the models altogether. Then, on... Read more ›
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As AI developers and cloud providers have launched server chips to lessen their dependence on Nvidia’s, some analysts and executives at these firms expected the chips to eat into Nvidia’s market share.That doesn’t seem to be happening.Nvidia has actually increased its share of the market for chips that power existing AI models, known as inference, to 74% from 66% over the past year, according to The Information’s estimates based on... Read more ›
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21.06.2026 08:32
Last update: 08:25 EDT.
News rating updated: 15:21.
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