Polymarket, the world’s largest prediction market, is set to launch in the U.S. after getting a green light from the Commodity Futures Trading Commission, its CEO and founder Shayne Coplan said in a tweet Wednesday. Founded in 2020, Polymarket banned U.S-based users in 2022 under a settlement ... Read more ›
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Google is one of the largest buyers of Nvidia’s artificial intelligence chips, which it rents out to Google Cloud customers such as OpenAI and Meta Platforms. But Google’s grand ambitions for its own competing AI chips show no sign of slowing down. In the latest example, Google recently approached small cloud providers that primarily rent out Nvidia chips about also hosting Google’s AI chips in their data centers, according to... Read more ›
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KKR is bringing on former Amazon Web Services boss Adam Selipsky as a strategic advisor to bolster the private equity firm’s big bets on data centers and the technical infrastructure powering artificial intelligence. Selipsky will advise on strategy, capital allocation and governance for KKR’s ... Read more ›
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Lambda, a cloud provider that rents out Nvidia graphics chips for artificial intelligence, has hired investment banks to prepare for an initial public offering in the U.S., according to people with direct knowledge of the talks. The San Jose, Calif.-based startup has hired Morgan Stanley, J.P. Morgan and Citi to prepare for a listing as soon as the first half of next year, the people said. The 13-year-old company is... Read more ›
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Salesforce revenue rose 10% to $10.2 billion in the fiscal quarter that ended in July, breaking a streak of 8% revenue growth in the prior four quarters that had drawn concerns about its future growth prospects in the artificial intelligence era. But the customer management software giant also ... Read more ›
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Before we get to today’s column, we’d be remiss to not touch on Tuesday’s Google antitrust ruling, which was a huge victory for the search giant. Google got pretty much everything it wanted, while the judge only accepted a few of the government’s proposed remedies. (For more on the results, check out this column from our co-executive editor Martin Peers, our news report from Tuesday and our TITV special episode... Read more ›
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Nvidia has acquired Solver, a three-year-old software development startup, The Information reported Tuesday. The startup, formerly known as Laredo Labs, had developed an AI coding agent and raised $8 million in financing from investors including Radical Ventures and Horizons Ventures. Nvidia ... Read more ›
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Lambda, a San Jose, Calif.,-based cloud provider that rents out Nvidia graphics chips to AI companies, has hired Morgan Stanley, J.P. Morgan and Citi to prepare for an initial public offering in the U.S. as soon as the first half of next year, according to people with direct knowledge of the ... Read more ›
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You.com, the AI search startup making a push into business sales, completed a $100 million round of funding led by media conglomerate Cox Enterprises valuing the company at $1.5 billion, it announced Wednesday. Earlier You.com investors Georgian, Salesforce Ventures and Norwest also participated ... Read more ›
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Apple is working on a web-search engine powered by artificial intelligence, similar to products offered by AI rivals Perplexity and OpenAI, Bloomberg reported. The tool will integrate into Apple’s Siri voice assistant, and potentially its Safari web browser and Spotlight search tool. The company ... Read more ›
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We’re in the midst of an M&A boom—for artificial intelligence startups. Among the latest: Nvidia last month bought Solver, according to a person with direct knowledge of the deal. The three-year-old startup formerly known as Laredo Labs has developed an AI coding agent that completes software development tasks for users. The company raised $8 million in financing from investors including Radical Ventures and Horizons Ventures. The Solver purchase is just... Read more ›
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An antitrust judge rejected the Justice Department’s most drastic proposals for how Google’s search business should be overhauled to make up for its illegal monopoly, saying in a decision Tuesday afternoon he wouldn’t require the company to sell either its Chrome browser or its Android operating system. Judge Amit Mehta barred Google from entering into exclusive contracts for distributing its search engine and ruled that Google must share some data... Read more ›
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An antitrust judge rejected the Justice Department’s most drastic proposals for how Google’s search business should be overhauled to make up for its illegal monopoly, saying in a decision Tuesday afternoon he wouldn’t require the company to sell either its Chrome browser or its Android operating ... Read more ›
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U.S. tech merger activity is headed for its best year since 2021—driven in part by enterprise software and other older tech companies acquiring artificial intelligence startups to beef up their AI offerings. So far this year, U.S. software companies have spent nearly $33.8 billion on 140 completed AI acquisitions, surpassing the combined volume of the past three years, according to data provider PitchBook. During the same period, U.S. companies have... Read more ›
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OpenAI said Tuesday it has agreed to acquire Statsig, a startup that helps businesses test how well their products are working, for $1.1 billion in an all-stock deal, representing about 0.4% of OpenAI’s shares. That’s the same valuation Statsig, which was part of The Information’s most promising ... Read more ›
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Amazon is ending a program that allowed Prime members to share their free shipping benefit with others, according to an email to shoppers and a customer service page on Amazon’s site. The Prime Invitee Program, which Amazon originally launched in 2009, will end on Oct. 1, the website page says. ... Read more ›
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Anthropic on Tuesday said it had raised $13 billion at a $170 billion valuation before the financing, in a round co-led by new investor Iconiq and returning investors Lightspeed Venture Partners and Fidelity Management. The funding nearly tripled its valuation from a round led by Lightspeed at ... Read more ›
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The prices businesses are paying for AI has become the subject of much moaning and gnashing of teeth among startups and their investors in recent weeks. At the heart of the issue, as we reported two weeks ago, is that the price of state-of-the-art models from the likes of Anthropic and OpenAI haven’t fallen much in the past year, and AI applications like Cursor and Replit increasingly rely on AI... Read more ›
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Before we get into today’s Agenda, be sure to check out the story my colleagues and I published on Friday laying out Elon Musk’s lawsuit against OpenAI and its CEO Sam Altman. The article can catch you up to speed on the case and explain why Musk stands a chance of winning if it goes to trial in March. The stakes couldn’t be higher for OpenAI: the structure of the... Read more ›
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UK-based buy-now pay-later firm Klarna took the next step towards going public, filing an updated IPO filing revealing it will offer 34.3 million shares for sale, priced between $35 and $37. The offering would value the company at about $26 billion. Most of the shares to be sold are held by ... Read more ›
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Startups that sell artificial intelligence–powered coding assistants such as Cursor have created some of the fastest-growing businesses in Silicon Valley, making them ripe acquisition targets for OpenAI and other large AI developers. So far, Cursor’s owner Anysphere isn’t selling. Instead, potential acquirers such as OpenAI, xAI and Anthropic have discussed a possible deal with the coding startup to license or purchase what could be a gold mine of data: reams... Read more ›
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Leaders in Meta’s new AI organization, Meta Superintelligence Labs, have discussed using Google’s Gemini model to provide conversational, text-based answers to questions that users enter into Meta AI, the social media giant’s main chatbot, The Information reported. Those leaders have also ... Read more ›
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OpenEvidence, which operates a ChatGPT-like product for doctors to find health information, is considering multiple investment offers valuing the three-year-old startup at $6 billion, nearly double its private valuation from a financing just one month ago, The Information reported Friday. ... Read more ›
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OpenAI is considering building a large data center for artificial intelligence in India, as part of its Stargate effort, according to a source with knowledge of the discussions. The move would follow OpenAI’s announcement in May that it was working on a global Stargate program. OpenAI said the ... Read more ›
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Staff at the Securities and Exchange Commission are using artificial intelligence to identify rules and regulations to potentially cut, as President Donald Trump’s administration wages a tumultuous campaign aimed at limiting financial regulators and sidelining staff it views as not aligned with its priorities. Employees associated with the Department of Government Efficiency have built an AI tool to analyze the SEC’s many rules and regulations, identifying thousands for review, according... Read more ›
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The Trump administration is taking steps to make it harder for South Korean semiconductor makers Samsung Electronics and SK Hynix to manufacture their chips in China. The U.S. government said Friday that it is revoking the authorizations that allow Samsung and SK Hynix to transfer American ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Finally! An explanation of what the Musk-Altman legal feud really means• The Arena: Can the metaverse and TikTok help tennis connect with young fans?• Plus, our Recommendations: “The Rise and Fall of Indie Sleaze,” “Anointed” and “Alien: Earth” Generally speaking, humans communicate with each other through words. As for artificial intelligence, we’re still figuring out exactly how it can communicate, and—well, it’s... Read more ›
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Even as StubHub makes a renewed push to go public, its business isn’t expanding as quickly as it had hoped. In the first half of this year, the ticketing app fell short of revenue and profit projections it shared with lenders earlier this year, in part due to new U.S. ticket pricing rules. The shortfall highlights the volatile nature of the ticketing industry, which is heavily dependent on the flow... Read more ›
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For decades, the U.S. Open Tennis Championships has been a crown jewel of the global sports calendar. As the fourth and final Grand Slam of the tennis season, it has hosted historic athletic feats by everyone from Arthur Ashe to Venus Williams. Boisterous night matches—like last weekend’s Daniil Medvedev meltdown—are attended by A-list celebrities sipping iconic Honey Deuce cocktails in luxury suites, the glittering lights of the Manhattan skyline visible... Read more ›
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Meta Platforms’ plans to improve the artificial intelligence features in its apps could lead the company to partner with Google or OpenAI, two of its biggest AI rivals. Leaders in Meta’s new AI organization, Meta Superintelligence Labs, have discussed using Google’s Gemini model to provide conversational, text-based answers to questions that users enter into Meta AI, the social media giant’s main chatbot, a person familiar with the conversations said. Those... Read more ›
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Business Insider
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31% 10 |
Gizmodo
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14% 2 |
MacRumors
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8% 1 |
Tom's Hardware
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5% 2 |
Android Authority
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5% 1 |
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03.09.2025 19:52
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