Predictions site Polymarket is in discussions with investors about $400 million in funding at around a $15 billion valuation, which would add to $600 million that Intercontinental Exchange recently invested in the company, The Information reported. This valuation is substantially lower than ... Read more ›
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The predictions site Polymarket is talking to investors about raising $400 million in funding at a valuation of about $15 billion including the new money, according to two people familiar with the talks. The financing would add to the $600 million already invested in the funding round by Intercontinental Exchange, the parent of the New York Stock Exchange, which the exchange announced last month without disclosing the valuation. It’s looking... Read more ›
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The National Security Agency is using Anthropic’s powerful new AI model, Mythos Preview, even though the agency’s parent, the Department of Defense, has sought to blacklist the AI startup from government contracts, Axios reported. Axios didn’t say how the NSA is using Mythos, though other ... Read more ›
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Vercel, a cloud development platform, on Sunday said a security breach allowed an attacker to gain unauthorized access to data for a “limited subset of customers.” In a post on X, Vercel CEO Guillermo Rauch said the attack began when a Vercel employee’s Google Workspace account was ... Read more ›
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If you’ve never visited Las Vegas, this week might be the time. Adobe and Google Cloud are both having big shows there this week, with Adobe kicking off its customer summit tomorrow and running through Wednesday. Google Cloud Next, conveniently, starts Wednesday and runs through Friday. Come for one, stay for both!The two companies might be in pretty different moods, however. Adobe is in the camp of enterprise software firms... Read more ›
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Jeff Bezos’ rocket company Blue Origin completed the third mission for its New Glenn rocket, which mostly went as planned. On Sunday morning, the rocket’s booster successfully landed on a barge in the Atlantic Ocean off the coast of Florida, the second time Blue Origin has accomplished that ... Read more ›
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Ask Washington’s most plugged-in politicians and lobbyists which Chinese chip company is the biggest threat to Nvidia and you’ll hear one name: Huawei Technologies. Nvidia CEO Jensen Huang has repeatedly cited Huawei’s rising prominence in both private meetings with lawmakers and public forums. Huawei has become shorthand for China’s semiconductor ambitions. But that misses the bigger picture. China has more than 10 companies actively designing and shipping AI chips today,... Read more ›
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Google is in talks with Marvell Technology to develop two new chips aimed at running AI models more efficiently, according to two people with direct knowledge of the discussions. One is a memory processing unit designed to work alongside Google’s tensor processing unit. The other is a new TPU built specifically for running AI models. The moves underscore surging demand for inference chips that run AI powering commercial products such... Read more ›
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Anthropic has received expressions of interest from investors who want to put money into the AI startup at an $800 billion valuation, but the company has no current plans to raise money. Those were among the details in a profile of Anthropic Chief Financial Officer Krishna Rao published by The ... Read more ›
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SemiAnalysis, the AI and semiconductor research firm, which also publishes a widely read industry newsletter, expects to do more than $100 million in sales this year, marked growth from a year earlier. SemiAnalysis did closer to $20 million last year, purveying in-depth data and research to ... Read more ›
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Anthropic CEO Dario Amodei met with White House Chief of Staff Susie Wiles and Treasury Secretary Scott Bessent on Friday, in what both sides described as a “productive and constructive” discussion, according reports in Axios and The New York Times. The meeting signals a potential shift in the ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: The rise of SemiAnalysis’ Dylan Patel, Silicon Valley’s favorite AI commentator • Plus, Recommendations—our weekly pop culture picks: “The Obit Project,” “Disneyland and the Rise of Automation” and “Unfamiliar”Recently, a close friend of mine introduced me to another of his friends, a tech investment banker, and now this banker and I have become friendly, too. I’ve enjoyed learning a bit about his... Read more ›
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These days, Anthropic is a crowded place: a startup with its own in-house philosopher, researchers devoted to preventing Armageddon and a CEO willing to go toe-to-toe with the Pentagon. And then there’s Chief Financial Officer Krishna Rao, who has emerged as a key force within the company while staying far out of the spotlight. When Rao first arrived in 2024, he began pushing Anthropic, which had an agreement with Google... Read more ›
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Andreessen Horowitz and Thrive Capital are in talks to co-lead a $2 billion investment in coding assistant startup Cursor at a $50 billion valuation before the investment, according to people familiar with the matter. The two firms first invested in the startup in 2024. Nvidia is also expected ... Read more ›
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Lawyers for Elon Musk said Friday that they may drop their fraud claims against OpenAI in his case charging the ChatGPT maker with violating its charitable mission and breaking promises to Musk. Dropping the claims would make Musk’s legal position more consistent with a court filing from earlier ... Read more ›
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Meta Platforms plans to lay off of around 8,000 employees next month, with further job cuts expected to occur in the second half of the year, Reuters reported. The initial wave of 8,000 layoffs is scheduled to begin May 20 and will account for about 10% of Meta’s worldwide headcount, Reuters ... Read more ›
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Kevin Weil, a member of OpenAI’s management team and a former executive at both Meta Platforms and Twitter, is leaving the AI firm, according to a post the executive made on X. Weil, who has been at OpenAI since mid-2024, was at one time Chief Product Officer but more recently led the company’s ... Read more ›
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Meta Platforms paid Broadcom $2.3 billion in 2025, Meta disclosed in a securities filing, a rare disclosure of how much tech firms pay Broadcom for help designing their AI chips. Meta, like Google, uses Broadcom to help design special AI chips. Earlier this week, Meta and Broadcom announced an ... Read more ›
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Kraken, a top three crypto exchange in the U.S., said it agreed to buy Bitnomial, a U.S. crypto derivatives exchange, for up to $550 million, which will allow it to offer crypto perpetuals, a type of risky crypto product popular on offshore platforms like Binance and Hyperliquid, in the U.S. ... Read more ›
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Anthropic on Friday launched a new AI tool called “Claude Design” which will use AI to help users generate designs, product prototypes, presentations and one-pagers, according to a blog post. The announcement confirmed The Information’s earlier report on the new tool. Claude Design will be ... Read more ›
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For Dylan Patel, founder of SemiAnalysis, an influential AI industry newsletter and research firm, Nvidia deserves the kind of dogged observation and study the tabloid press once devoted to Princess Diana. He scrutinizes the chip giant’s new products, documents its delays and scoops details about its inner workings. His information mongering is so relentless that he sometimes irritates the company, which he said once blacklisted him from its events for... Read more ›
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DeepSeek is in talks to raise outside capital for the first time, seeking to beef up its financial war chest so it can better compete in the costly battle to develop leading AI models, according to four people familiar with the matter. DeepSeek is owned by Chinese hedge fund High-Flyer Capital Management, which has financed the startup so far. DeepSeek, whose AI model R1 took both Silicon Valley and Wall... Read more ›
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Flock Safety, which sells cameras, drones and AI software to police departments, was valued at $8.4 billion in a new round of funding completed in recent weeks, a modest bump from its financing last year, according to a publicly filed corporate charter and people familiar with the round. The company raised the new funds amid the largest political and public relations crisis it has faced in its nine-year history. In... Read more ›
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China’s regulator said Friday that it had imposed fines totaling 3.52 billion yuan ($515 million) on seven e-commerce businesses including those operated by PDD Holdings, Meituan, JD.com, Alibaba Group and ByteDance, citing their lack of oversight of problematic food delivery merchants. The ... Read more ›
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Alibaba Group has open sourced a smaller size version of its latest Qwen3.6 large language models. The new release shows how Alibaba is becoming more selective with which models to open source, as it shifts its focus toward proprietary AI models that could generate more revenue. The Chinese tech ... Read more ›
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Chip startup Cerebras is planning to make its IPO paperwork public as soon as Friday, The Information reported Thursday. It aims to raise more than $3 billion and seeks a valuation of at least $35 billion, which represents a 60% premium to its last private valuation of $22 billion in February. ... Read more ›
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OpenAI recently struck an unusual deal to lessen its dependence on Nvidia’s AI chips and potentially lower its computing expenses in the coming years. OpenAI has agreed to pay Cerebras more than $20 billion to use servers powered by the firm’s chips over the next three years, double the figure that was previously associated with the deal, according to multiple people with knowledge of the deal. As part of the... Read more ›
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Upbeat signals about the AI business are proliferating. The latest was chipmaking giant Taiwan Semiconductor Manufacturing Co.’s first-quarter report on Thursday, showing revenue growth of 40.6%, above the top end of its projected range. The company raised its full-year growth rate to above 30%. According to TSMC CEO C.C. Wei, “AI-related demand continues to be extremely robust.” Wei said he based that assessment both on comments from TSMC’s customers—it makes... Read more ›
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20.04.2026 01:24
Last update: 01:15 EDT.
News rating updated: 08:11.
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