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Jump Capital, the venture capital firm backed by the founders of quant-trading firm Jump Trading, has raised a new fund of $350 million, Jump Capital co-founder and partner Sach Chitnis told me. The Chicago-based firm will use the new money to expand its investments in AI startups. The fund is the same size as its last vehicle raised in 2021, which had focused heavily on crypto. Later that year, Jump Capital spun off its crypto team to Jump Crypto, the digital assets arm of Jump Trading. While the crypto ma
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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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Wind turbines are a highly effective, but also somewhat complicated way of generating energy. How does the U.S. Department of Energy plan to change that? Read more ›
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AMD and Cerebras are claiming 5x higher tokens per watt from their new disaggregated inference tie-up. Read more ›
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Second-largest memory-chip maker says it won multiyear contracts with about 10 customers Read more ›
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'70s cars are iconic and evocative, but they're also the kind of florid, excessive, inefficient, and utterly unsafe kinds of designs that would never fly today. Read more ›
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Tesla's power purchases from energy developers reflect Elon Musk's increasing focus on solar power in industrial settings, namely AI infrastructure. Read more ›
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In a new disclosure, OpenAI says its agent used exposed logins to gain access to at least four “publicly available services” in its unhinged quest to solve a test. Read more ›
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It's part of a national security strategy to kickstart domestic production of emerging technology. Read more ›
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PayPal has a message for Wall Street and would-be buyers: “We got this.” That’s the upshot of CEO Enrique Lores’ response to what he called “recent M&A speculation”—also known as Stripe’s reported $53 billion takeover bid for the struggling payments firm. Lores wouldn’t comment about anything specific, but his comments implied Stripe’s offer didn’t meet PayPal’s bar, and the board was sticking with its existing plan for managing the business.Lores... Read more ›
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Coinbase Canada's new CEO, Eric Richmond, says permanent rules, rather than temporary exemptions, are needed as the company pushes to expand into derivatives, tokenized assets and decentralized finance. Read more ›
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In November, Sam Altman wanted OpenAI to be the first big company run by an AI boss. He said it would be an embarrassment if it were not. This week, he said people do not want an AI boss at all. “Shame on me if OpenAI is not the first big company run by an […] This story continues at The Next Web Read more ›
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Samsung's battery icon shows a shield symbol for a reason, and knowing what it means can help you decide how to handle charging and battery health settings. Read more ›
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Amid industry pressure, ServiceNow, overseen by CEO Bill McDermott, reduces workforce while focusing on AI investment and operational efficiency. Read more ›
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More than a thousand of the people building the most powerful AI want a way to slow it down. On Tuesday, 1,134 employees of the leading AI companies signed a letter asking the US government to help build one. The statement is titled Pacing the Frontier. It asks Washington to “support an international effort to […] This story continues at The Next Web Read more ›
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There is a particular kind of house that looks ready for everyone except the person who lives there. The wardrobe contains clothes for a body, job or social life that belonged to another decade. The good china waits behind glass for an occasion important enough to justify it. A spare bedroom remains arranged around guests ... Read more Read more ›
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According to a new report from Bloomberg's Mark Gurman, Apple is planning to release the Home Hub as early as October, and as late as early next year. Unsurprisingly, the new Siri AI will be its main selling point. This device is basically a HomePod-like smart speaker with a 7-inch display. It will allegedly run an entirely new operating system based on Apple's tvOS, with the interface being a blend... Read more ›
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How much could a single underscore in a username really matter? Just ask Brandon Klayme, who served 18 months in prison before realizing how authorities arrested, charged, and convicted the wrong man. Read more ›
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The largest AI data center project in California is suing to get access to the Colorado River, and the 287 million gallons of water it allegedly needs to cool a 330-megawatt facility. Read more ›
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The Information
OpenAI said on Tuesday that it was adding two new members to its board of directors, Nubank CEO David Vélez and Bank of New York Mellon CEO Robin Vince. “David and Robin are exceptional leaders who have used technology to reshape financial services and expand opportunity at global scale,” Bret ... Read more ›
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The U.S. and China are set to hold talks over AI in September, as the tech rivalry between the two nations escalates, Reuters reported, citing people familiar with the matter. It would be the Trump administration’s first official AI-focused talks with Beijing. The exact dates haven’t been ... Read more ›
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Elon Musk’s AI company, SpaceXAI, is laying the groundwork for at least one new large-scale data center in Texas, three people with knowledge of the effort said. Such a move could substantially expand SpaceX’s AI computing capacity outside its existing data center hub in Memphis, Tenn. An expansion could position SpaceXAI to be a major cloud provider, as its existing AI business has struggled to gain traction and the company... Read more ›
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Longtime Fidelity Management’s semiconductor fund manager Adam Benjamin is joining Michael Dell’s family office DFO Management, according to people familiar with his move. At Fidelity, Benjamin managed the $55 billion Fidelity Select Semiconductors mutual fund and also helped manage several ... Read more ›
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Enterprise software firm Monday.com said Wednesday it plans to cut 20% of its workforce in the second half of ths year to “support a leaner, more focused operational model” as it continues to invest in AI. The planned job cuts, which would affect around 600 people, is the latest in a series of ... Read more ›
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Cloud and software incumbents want businesses to think twice before using Anthropic, OpenAI and other closed-source AI providers. Executives such as Palantir CEO Alex Karp have argued, for instance, that these AI firms could use their customers’ data to compete with them eventually. These potential fears could also help new AI startups catering to businesses.One such startup is Noeri, a new AI lab founded by two Stanford computer science professors... Read more ›
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Arcee, an American open-weigh AI provider, announced a partnership with the Department of Energy, in which the DOE will use Arcee’s AI models to advance scientific research. Arcee AI will help government researchers “automate a lot of the more mundane, but tricky and nuanced workflows that they ... Read more ›
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Advanced Micro Devices said Wednesday it would make a $5 billion equity investment in Anthropic “in the future,” and the Claude AI maker would use AMD’s AI server chips starting next year. Anthropic has been steadily diversifying its AI server sources and is evaluating chips from other providers ... Read more ›
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Cursor is preparing to release a model router as soon as Wednesday, according to a draft of a company announcement viewed by The Information. Cursor’s new product comes amid a flurry of enthusiasm for routers, which can select the best model for a particular task, balancing performance and cost. ... Read more ›
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In the weeks since Robinhood opened its doors to AI agents, customers of the popular financial app have been using agents for everything from research to trading. Now, a key question for Robinhood’s broader revenue opportunity is how much of an edge the technology can give investors.In late May, Robinhood started letting customers connect their own AI agents to its app through the Model Context Protocol, a standard that lets... Read more ›
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28.07.2026 20:59
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