PayPal Holdings applied to set up a Utah-based bank, a move that would allow it to directly provide loans to customers instead of relying on third-party banks for much of the process. The 27-year old online payments company filed applications with the Utah Department of Financial Institutions ... Read more âș
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Welcome to AI Infrastructure, a new newsletter focused on how the data center boom is reshaping the energy sector and turning Silicon Valley into a rising industrial power.Ann Davis Vaughan has covered the intersection of energy and technology as both an investment analyst and journalist for two decades, including 14 years at The Wall Street Journal. Based in Houston, she has researched electrification and previously evaluated dozens of companies that... Read more âș
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Talk about a jittery market. Shares of ServiceNow dropped 11.5% on Monday after a weekend report that the enterprise software firm was in âadvanced talksâ to buy cybersecurity firm Armis for $7 billion. The stock sell-off wiped $21 billion off ServiceNowâs market capitalizationâreducing it to $159 billionâwhich seems something of an overreaction. But itâs a demonstration that nowadays investors are selling first and asking questions later. Investors have turned particularly... Read more âș
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Elon Muskâs xAI wants companies around the world to buy its Grok AI models as it tries to build a moneymaking business. To get there, xAI has created an enterprise AI sales group over the past half-year that has expanded to more than a dozen people. But xAIâs lack of experience in selling to big businesses is holding many potential customers back. While xAI has signed up some big clientsâincluding... Read more âș
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For years, Apple was known for having very little turnover in its top ranks. Not anymore. In recent weeks, the company has seen a stream of high-profile executives head for the exits, at a moment when Apple is scrambling to build the AI features consumers increasingly expect from the iPhone. Today, weâre publishing a major update to our Apple org chart, adding more than 200 names to provide a fresher,... Read more âș
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The Trump administration has launched a new program, dubbed âTech Force,â to recruit engineers to work on artificial intelligence inside federal agencies. People who sign up for the two-year program will âwork in teams reporting directly to agency leadershipâ and will collaborate with partner ... Read more âș
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IRobot, the company that makes the Roomba vacuum, is filing for bankruptcy, it announced Sunday. Shenzhen Picea Robotics Co., iRobotâs main contract manufacturer, will buy iRobotâs assets out of bankruptcy. Roombas were first released in 2002 and became the most popular home robots of the past ... Read more âș
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Ford on Monday will halt production of its electric F-150 Lightning pickup after poor sales of the vehicle, and will re-introduce it as a plug-in hybrid that uses an unusual technology to deliver more than 700 miles of range. The company also sharply cut plans to make batteries in the U.S. and, in a move likely to spark controversy in Washington, will expand its use of Chinese technology in the... Read more âș
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Tesla shares were trading up 4% on Monday after CEO Elon Musk confirmed that the company has started testing its Robotaxi vehicles in Austin without human backups inside the cars. âTesting is underway with no occupants in the car,â Musk said in an X post on Sunday in response to a video of a ... Read more âș
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Former Shopify executive Glen Coates has joined OpenAI as the companyâs head of app platform, he said in a LinkedIn post Monday. OpenAI didnât immediately respond to a request for comment. OpenAI has taken early steps to make ChatGPT the default way its users interact with other apps, and has ... Read more âș
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Weâre heading into our last full working week of the year, so the news flow is likely to start quieting down. (Be on the lookout for ServiceNowâs next big acquisition, however). One story thatâs likely to chug along through the holidays is the battle between Netflix and the Ellison familyâs Paramount Skydance for Warner Bros. Discovery. Thereâs sure to be fireworks this week, if for no other reason than the... Read more âș
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Oracle struck about $150 billion worth of lease commitments on data centers in the three months ending November, it revealed in securities filing late last week, a sign it is preparing for the cloud deals that customers such as OpenAI have struck with Oracle. The filing showed that as of ... Read more âș
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Exor, the Agnelli familyâs holding company, rejected an offer from stablecoin issuer Tether for its 65% stake in Italian soccer team Juventus, saying it had âno intention of selling any of its shares in Juventus.â In a statement, Exor said the Agnelli family was âfully committed to the Club, ... Read more âș
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Every so often, prominent figures in tech begin amplifying the same topic so energetically that it makes you wonder if theyâre all on the same group chat (or if the hive mind from âPluribus,â the Apple TV+ sci-fi show, is a real thing). One such moment occurred this past week, when it became hard to escape the deafening online chatter about data centers in space. That was in large part... Read more âș
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OpenAI ended a policy that required new hires to work for six months before their equity compensation vested, the Wall Street Journal reported, an effort to make the AI firm a more appealing place to work. The Journal said OpenAI had previously shortened the minimum period that new hires have to ... Read more âș
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ServiceNow is in advanced talks to buy cybersecurity firm Armis in a deal worth around $7 billion, Bloomberg reported late Saturday. Such an acquisition would be the second multi billion dollar deal done by ServiceNow, an enterprise software firm, this year. In March ServiceNow announced the ... Read more âș
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Welcome, Weekenders! In this newsletter:âą The Big Read: Cheap goods, sales gimmicks fuel WhatNotâs $11.5 billion live-shopping empireâą Shopping and Style: A tech mogulâs guide to black tie ⹠Plus, our weekly pop culture Recommendations: âWisecrack,â âThreads of Empireâ and âJay KellyâThe FDA said at a panel this week that it is open to making changes on the black-box warnings for testosterone products. Thatâs good news for men with low... Read more âș
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Lately, the rich and restless of Silicon Valley have been appearing more often at the sort of formal events that call for black tie. It has not been going well. At the Breakthrough Prize ceremony in April, for instance, Sam Altman wore a shrunken dinner jacket with low-rise trousers, which exposed a bit of shirt beneath his coatâs buttoning point, spoiling the line that should define this type of elegant... Read more âș
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SpaceX chief financial officer Bret Johnsen confirmed to the companyâs staff that it was preparing for an IPO next year, the Wall Street Journal reported. His statement follows The Informationâs report on Dec. 5 that SpaceX, part of Elon Muskâs empire, was planning an IPO in the second half ... Read more âș
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A spike of investor interest in the data center sector has prompted one major data center developer, Rowan Digital Infrastructure, to consider whether this is a good time to raise fresh capital or possibly even sell, say people familiar with the companyâs thinking. If it were to raise money or sell, it would likely be valued at more than $10 billion, including its debt, the people said. Potential buyers include... Read more âș
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Stablecoin issuer Tether said Friday it has submitted an all-cash offer to buy Italian soccer juggernaut Juventus from the Agnelli family, a novel bid by a cryptocurrency company to acquire a blue-chip global soccer club from one of Europeâs most storied dynasties. Tether is the largest ... Read more âș
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OpenEvidence, which operates a ChatGPT-like product for doctors to find health information from medical journals and other trusted sources, is raising $250 million in equity financing that will value the three-year-old startup at $12 billion after the investment, doubling its last private valuation from a financing announced just two months ago, according to a person involved in the deal. If the deal closes, the Cambridge, Mass.-based company will become one... Read more âș
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Fermi, a young data center developer cofounded by former Texas Governor Rick Perry, said a tenant for its artificial intelligence server campus in West Texas had ended an agreement to lease the site, according to a regulatory filing. The firmâs shares fell more than 40% on the disclosure, ... Read more âș
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Revenue at Elon Muskâs social media service X jumped 17% to $752 million during the third quarter, though the site is still bringing in significantly less cash than when Musk acquired it, Bloomberg reported on Friday. Despite the surge in revenue, X reported a $577 million net loss for the ... Read more âș
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Oracle has delayed the completion of some of the data centers it is developing for OpenAI to 2028 from 2027, according to a Bloomberg report. Oracle shares fell 5% Friday morning after already dipping earlier in the week, after the firm reported that it burned roughly $10 billion in the November ... Read more âș
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Livestream shopping app Whatnot is targeting close to $1 billion in revenue for 2025, according to a person with knowledge of the companyâs finances. The six-year-old company has quietly grown into one of e-commerceâs hottest companies, raising more than $500 million in new funding this year and ... Read more âș
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In the weird, wild world of Whatnot, the startup defying Silicon Valleyâs dismal track record with live shopping, the merchants speak a unique lingo. Whatnot is a resale market, where sellers auction off items like sports cards, last seasonâs suede sneakers and off-brand cologne through video livestreams: Itâs eBay crossed with TikTok. So if sellers mention the phrase âsudden deathâ in a live video stream hawking an item, it means... Read more âș
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President Donald Trump has signed an executive order seeking to block states from regulating artificial intelligence, an effort that has been championed by the AI industry and criticised by a broad cohort of Republicans and Democrats. The order, which The Information first reported on in ... Read more âș
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Over the past week, a handful of accounts on Polymarket, the predictions site, bet OpenAI would release a new large language model by December 13. On Thursday December 11, OpenAI released GPT-5.2, and four of these accounts together made over $13,000, according to the trades displayed on their accounts. The payout is adding fuel to suspicions that a handful of accounts on prediction sites such as Polymarket and Kalshi arenât... Read more âș
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Beijing is considering pouring as much as $70 billion into its semiconductor industry in what would be the worldâs largest state-backed chip support program, Bloomberg reported, citing people familiar with the matter. The move elevates Chinaâs push for semiconductor self-sufficiency as the ... Read more âș
0
Most popular sources
Business Insider
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24% 1 |
Tom's Hardware
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19% 10 |
Gizmodo
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10% 6 |
The Verge
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8% 5 |
Slashdot
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5% 1 |
| View sources » | |
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16.12.2025 00:44
Last update: 00:35 EDT.
News rating updated: 07:31.
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