Over the last few days our reporters have broken news about two merger discussions that fizzled: Adobe, which was interested in buying video startup Synthesia, and SoftBank, which talked with humanoid robotics maker Agility about a takeover. In both cases, the startups ended up pursuing more venture capital funding at higher valuations.These are just the latest instances of aborted acquisition talks involving artificial intelligence startups that we’ve broken over the... Read more ›
392 fresh
Anthropic on Thursday said it plans to use up to 1 million Google Tensor processing units to power its artificial intelligence, implying the startup would spend tens of billions of dollars renting TPU servers. The announcement is a show of confidence in Google’s chip as an alternative to Nvidia’ ... Read more ›
149 fresh
Amazon launched a new artificial intelligence-powered product recommendation feature Thursday, the e-commerce giant’s latest move to incorporate more AI features into both its consumer-facing shopping experience as well as the systems that power its search and recommendation features. The new ... Read more ›
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TikTok is implementing drastic leadership changes that pull the video app closer to the orbit of its parent ByteDance, just as Washington and Beijing are on the cusp of reaching a deal over the app’s future in the U.S. TikTok’s global content and distribution partnership teams, both led by Western executives, will be moved under Fiona Zhi, a Bytedance veteran who has been TikTok’s product chief since 2023, according to... Read more ›
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HongShan, the Chinese venture capital giant formerly known as Sequoia Capital China, is leading the funding round in artificial intelligence agent Genspark that will value the startup at more than $1 billion, according to two people with knowledge of the deal. Genspark has secured commitments ... Read more ›
12
A few years ago, Elon Musk pitched Apple unsuccessfully on the idea of his company, SpaceX, providing satellite connectivity to iPhones. There are tantalizing hints that such a deal could be back on the table. In recent months, in anticipation of a possible future arrangement with Apple, SpaceX has added support in its new satellite designs for the same radio spectrum Apple uses for the iPhone’s current satellite features, which... Read more ›
10
President Donald Trump has called off plans to send the National Guard on Saturday into San Francisco, after he said friends who live in the area urged him not to go ahead with it. “Great people like Jensen Huang, Marc Benioff, and others have called saying that the future of San Francisco is ... Read more ›
4 fresh
SoftBank’s Masayoshi Son has long predicted a future where robots would outnumber people and take over many jobs from humans. But some of SoftBank’s bets in robotics over the past 10 years, such as robot companion Pepper, have not panned out. Now the company is renewing its robot ambitions—particularly in robots that resemble humans. Late last year Son met with representatives from Agility Robotics, a 10-year-old startup led by former... Read more ›
3 fresh
The Ellison family’s Paramount Skydance has made three offers for Warner Bros. Discovery in the past month, at steadily rising prices, the New York Times reported on Thursday. All the offers were rejected. Paramount’s offers for WBD began at $19 a share and rose to $23.50 a share. Before ... Read more ›
2
You can count the number of breakout consumer AI applications on the fingers of one hand. There’s OpenAI’s ChatGPT and…that’s about it, at least so far. Suno, which helps people create music using conversational prompts, isn’t yet a breakout—but it could be soon. The company is generating around $150 million in annual recurring revenue from subscriptions to its app, up nearly four times from a year ago, according to a... Read more ›
1
As a car manufacturer, Tesla’s latest financial results released Wednesday were a definite (if expected) improvement on the first half of the year. Instead of auto sales falling 16%, as they did in the second quarter, they rose 6%. And thanks to even stronger growth in battery sales and services, Tesla’s total revenue grew 12% year over year to $28.1 billion. That would be impressive, except much of the car... Read more ›
0
Alt5 Sigma, a Nasdaq-listed company amassing a digital store of a cryptocurrency backed by the Trump family, said on Wednesday it suspended its CEO with immediate effect. The move represents further turbulence for the company that in August struck a deal to raise $1.5 billion to buy tokens ... Read more ›
0
Adobe in recent months held talks with Synthesia, a London-based maker of artificial intelligence software that generates video avatars of people, to buy the startup for about $3 billion, a premium from the startup’s $2.1 billion valuation in a January financing, according to a person with knowledge of the discussions. Synthesia and Adobe walked away without reaching a deal after disagreeing about the price, this person and two others said.... Read more ›
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Venture capitalist Vinod Khosla predicted that 2% to 3% of AI startups will account for 85% to 90% of the valuation of companies by 2035. In an interview on The Information’s TITV, Khosla also said that venture capital firms which don’t have early access to those companies but buy in later ... Read more ›
0
Tesla’s net income fell 37% year-over-year to $1.4 billion in the third quarter, the company said Wednesday, attributing the decline to factors including tariffs and increased research and development spending. Meanwhile, revenue grew 12% year-over-year to $28.1 billion due in part to a surge in ... Read more ›
1
The UK Competition and Markets Authority said on Wednesday that Google and Apple had “strategic market status” for their dominance over the mobile phone markets, opening the two tech companies up to stricter regulation. The CMA said in a statement that both platforms have “substantial, ... Read more ›
0
Reddit is suing AI search startup Perplexity and a group of firms that scrape data from the social media firm’s chat forums for copyright infringement. The lawsuit follows a cease and desist letter Reddit sent Perplexity barring the startup from scraping its site. Reddit is accusing four data ... Read more ›
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Meta Platforms is cutting about 600 employees from its artificial intelligence organization, Meta Superintelligence Labs, a spokesperson said. The layoffs come after the unit, which had about 3,400 employees as of this summer, restructured itself in August. The cuts will affect the organization’ ... Read more ›
0
Much of the rhetoric around commerce and AI imagines a revolution in how we find and buy things. OpenAI joined the discourse when it announced that you can buy directly through ChatGPT via partnerships with Walmart, Shopify and Etsy—all powered by Stripe. They’re not alone. AI answer engine Perplexity launched one-click checkout with PayPal in 2024, AI fashion agent Daydream is turning conversations into personal styling sessions, and AI browser... Read more ›
0
Influencer marketing startup ShopMy said Wednesday that it raised $70 million in new funding from investors including growth equity investment firm Avenir, Bain Capital Ventures, Bessemer Venture Partners and Menlo Ventures. The new funding brings the company’s valuation to $1.5 billion. The ... Read more ›
0
Before we get to today’s column, we’d be remiss not to mention OpenAI’s release on Tuesday of its new web browser, news of which we first scooped almost a year ago. The new browser, ChatGPT Atlas, is yet another example of OpenAI expanding its reach into consumers’ online lives, just as other tech incumbents such as Google and Apple have done. Among Atlas’s features: the ability to remember users’ browsing... Read more ›
0
As TikTok readies itself for the expected sale of its U.S. business to a new venture controlled by American investors, the company is trying to boost its commerce business, TikTok Shop. But the measures it has taken risk alienating merchants who sell on the shopping service. TikTok Shop in recent weeks has begun pushing sellers to switch to a new ad-buying tool that promotes videos linking only to TikTok Shop,... Read more ›
0
Amazon Web Services is releasing a new product aimed at making it easier for advertising technology companies to use cloud technology and integrate with one another. That’s notable because many advertising technology companies have not yet migrated to the cloud, said AWS global head of ad tech ... Read more ›
0
Microsoft raised CEO Satya Nadella’s total compensation for the year ending in June to $96.5 million, up from $79.1 million last year, the company said in a filing. Over $84 million of Nadella’s compensation was in stock. Nadella’s pay rose because he “positioned Microsoft as a clear artificial ... Read more ›
0
Sequoia Capital’s former chief operating officer, Sumaiya Balbale, resigned from her job this summer after partner Shaun Maguire made posts on X she considered Islamophobic, according to the Financial Times, which cited people with knowledge of the situation. In July, Maguire accused New ... Read more ›
0
OpenAI continued its march to world domination, unveiling its long-anticipated Web browser, ChatGPT Atlas. It offers some snazzy features, including a split-screen view that allows you to ask ChatGPT questions related to the webpage you’re on without switching tabs. Given how difficult it is to change people’s ingrained habits, getting consumers to switch to a new browser may be tough—certainly harder than getting them to try the chatbot. But at... Read more ›
0
Anthropic is in talks with Google to access additional computing power in a deal in the high tens of billions of dollars, according to a person with knowledge of its plans. Talks are still early, and deal terms could change. Google is an existing cloud provider for Anthropic, which recently ... Read more ›
0
After four years in a deep freeze, initial public offerings are finally showing signs of life. Tech companies like Klarna, StubHub, and Figure have recently hit the exchange, signaling that the long initial public offering winter may—at last—be coming to an end. But it’s not just IPOs driving renewed optimism. Mergers and acquisitions, special purpose acquisition companies, and direct listings are also on the rise, giving founders a growing number... Read more ›
0
Amazon aims to avoid significantly growing its U.S. workforce while doubling the volume of products it sells by 2033, the New York Times reported on Tuesday, citing internal company documents. Without robotics and automation, the company would expect to need to hire more than 600,000 more people ... Read more ›
0
A flurry of tech mergers and acquisitions catalyzed by the artificial intelligence boom has been big business for lawyers. Latham & Watkins, which has landed on some of the highest-profile deals, says tech is moving fast and companies are keeping pace, sometimes getting transactions done in days. “It’s speed oftentimes because the deal is existential to the business, whether it’s getting the acquisition done before a competitor or raising capital... Read more ›
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Business Insider
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22% 5 |
MacRumors
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10% 5 |
Gizmodo
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9% 1 |
Tom's Hardware
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8% 4 |
Wired
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7% 0 |
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23.10.2025 20:53
Last update: 20:35 EDT.
News rating updated: 03:40.
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