Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khameneiâs death, Kalshi said it couldnât pay out any ... Read more âș
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Meta Platforms is planning layoffs that could affect 20% or more of the company, Reuters reported Friday. The cuts would offset high costs of artificial intelligence spending and prepare for efficiency gains from AI assistants, said the report. The cuts, if they materialize, would be the latest ... Read more âș
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The Trump Administration will get $10 billion in payments from investors in a company designed to safeguard the user data of U.S.-based TikTok users, The Wall Street Journal reported. Investors in the company, which include Abu Dhabi-based MGX, Silver Lake and Oracle, paid the Treasury ... Read more âș
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xAI is hiring a senior staffer from Thinking Machines Lab to work on training its Grok models, according to a person with direct knowledge of the move, as Elon Musk says the AI company is âbeing rebuiltâ after the majority of its founding team left. Devendra Chaplot, whose website describes him ... Read more âș
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Andreessen Horowitz and Kleiner Perkins are co-leading an investment in Mirendil, a new AI startup started by ex-Anthropic researchers, The Information reported on Friday. The startup is in talks to raise $175 million at a $1 billion valuation, the people said. Mirendil, which is working on ... Read more âș
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The judge overseeing Elon Muskâs breach of charitable trust lawsuit against OpenAI said the court would not throw out testimony from Muskâs damages expert that OpenAI should pay Musk up to $109 billion if a jury finds OpenAI in the wrong. Judge Yvonne Gonzalez Rogers, speaking at a pre-trial ... Read more âș
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A memecoin linked to Donald Trump jumped more than 50% after promoters advertised an exclusive event for top holders of the $Trump cryptocurrency at Mar-a-Lago that promised the Presidentâs attendance. The website, gettrumpmemes.com, said nearly 300 holders of the $Trump coin will be invited to ... Read more âș
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Former Anthropic researchers are in talks to raise $175 million at a $1 billion valuation for a new startup that aims to conduct AI-driven research and development for scientific fields such as biology and materials science, according to people who have spoken to them. Andreesseen Horowitz and Kleiner Perkins are in talks to co-lead the round, they said. The new company, Mirendil, is the latest research-focused startup, or neolab, to... Read more âș
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Amazon Web Services is working with AI chip startup Cerebras Systems on a new service that aims to boost the performance of AI applications running in the cloud. The service, which is launching in the next couple of months as part of Amazonâs Bedrock application-building service, will use a ... Read more âș
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Travis Kalanick is preparing to launch a new self-driving car company with major backing from Uber, according to several people familiar with the matter. Kalanick has also been discussing acquiring the startup founded by Anthony Levandowski, who has developing autonomous software for mining and other industrial use cases with Pronto.ai. Read more âș
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When companies typically go public, they appoint one or two investment banks to oversee everythingâfrom valuing the company to lining up investors. Thatâs not how Elon Musk plans to handle the upcoming SpaceX giantâs initial public offering. The rocket and AI firm has discussed dividing up roles among a larger group of investment banks, according to people familiar with the discussions. Executives have told people involved in the deal theyâve... Read more âș
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Metaâs new foundational model, code-named Avocado, has come up short of competitorsâ AI models, prompting the company to delay its release, The New York Times reported Thursday. The company is pushing out Avocadoâs rollout, which was supposed to happen this month, to at least May, the report ... Read more âș
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The Saaspocalypse may have claimed another scalp! Adobe said Thursday its longtime CEO and chair, Shantanu Narayen, had decided to give up the job as soon as his replacement can be found. Less than two months ago, Adobe had given Narayen an annual grant of stock, to vest based on the company's stock performance 2028, suggesting the board wasnât expecting the CEO to leave anytime soon. Perhaps after 18 years... Read more âș
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Nscale, an upstart cloud provider heavily backed by Nvidia whose customers include OpenAI and Microsoft, is in talks to take control of one of the largest available sites for AI data centers in the U.S., according to people with knowledge of the talks and fundraising documents viewed by The Information. A deal to buy the site, located in West Virginia, would make the young U.K.-based cloud provider a major force... Read more âș
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Google completed its $32 billion purchase of Wiz this week, finalizing a real windfall for those who invested in the cybersecurity startup. But even the tech investors who missed out on backing Wiz stand to benefit.After many years of regulatory challenges from the U.S. and abroad, the ability for a big tech company to complete a mega deal flashes a green light for others to follow. Read more âș
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BuzzFeed is âexploring strategic optionsâ to close the gap between its roughly $26 million market capitalization and what executives see as the value of the digital media firmâs assets, the company said Thursday. BuzzFeed shares fell 10% in after-hours trading. BuzzFeed CFO Matt Omer said in a ... Read more âș
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Adobe announced that Shantanu Narayen is planning to step down as CEO after 18 years as soon as the company finds his successor. Itâs the latest example of software firms shaking up their leadership as they deal with the threat posed by artificial intelligence. Narayen, who turns 63 in May, ... Read more âș
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Investorsâ fears that AI could dampen spending on traditional business applications have wreaked havoc on the shares of companies like Salesforce, ServiceNow and Workday. But Oracle executives this week cited how businesses can use Oracleâs AI tools as evidence that Oracle is immune to the so-called Saaspocalpyse. On an earnings call earlier this week, executive chair and CTO Larry Ellison said hospitals can add AI agents to their Oracle applications... Read more âș
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PayPay shares rose nearly 20% in the Japanese mobile payment appâs debut in the U.S. stock market Thursday, before closing with a 13% gain and market cap of TK. The company raised almost $880 million in the IPO, including shares sold by investor SoftBank, making it the biggest listing ever ... Read more âș
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Elon Muskâs xAI is hiring two senior Cursor leaders as part of an effort to catch up with AI rivals in coding, according to a person with direct knowledge of the move. The pair, Andrew Milich and Jason Ginsberg, will both report to Musk, the person said. The move follows a string of high-level departures at xAI, including the majority of its co-founders, and comes as Musk says the companyâs... Read more âș
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Zihang Dai, a co-founder of xAI, has left Elon Muskâs artificial intelligence firm, Business Insider reported on Thursday, the latest in a string of high-profile exits this year. Another co-founder, Guodong Zhang, is also planning to leave, the report said. After both reported departures, xAI ... Read more âș
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Microsoft Executive Vice President Rajesh Jha, who oversees the business unit that includes Windows, Office, and Microsoftâs Surface devices, will retire July 1, he said in a memo to staff Thursday. Jha has spent more than 35 years at Microsoft, including two decades at the helm of the companyâs ... Read more âș
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Salesforce raised $25 billion in bonds, the company confirmed, and has struck deals with âfinancial institutionsâ to buy back that much in stock. A $25 billion buyback would shrink Salesforceâs outstanding shares by about 13%. Salesforce shares were trading up 3.4% on Thursday morning. Such ... Read more âș
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Enthusiasm for OpenClaw, the popular open-source software for powering personal AI agents using personal computers, has been tempered by a number of embarrassing security snafus, such as when OpenClaw started mass-deleting emails from Meta alignment director Summer Yueâs inbox.In China, where developers are arguably even more enthusiastic about OpenClaw than their Western counterparts, government agencies âand state-owned enterprises have warned their employees against installing OpenClaw agents on office d Read more âș
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Shortly after Tyler and Cameron Winklevoss took their crypto exchange public last fall, they celebrated the companyâs expansion in Australia with a swanky party at a greenhouse in Sydneyâs Royal Botanic Garden. The Winklevoss twins appeared via video link before a DJ played for a throng of supporters. âWeâre in Australia for good,â James Logan, the new head of Australia for the crypto exchange, Gemini Space Station, said on social... Read more âș
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AI coding startup Cursor is in discussions with investors to raise a funding round that could value the startup at $50 billion, Bloomberg reported on Wednesday. The discussions are preliminary and may not result in a funding deal, the report said. Cursor last raised $2.3 billion at a $29.3 ... Read more âș
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Anthropic is in talks with a consortium of private equity firms including Blackstone and Hellman & Friedman about forming an AI-focused joint venture to sell the Claude makerâs technology to companies funded by the investment firms, The Information reported on Wednesday. The proposed joint ... Read more âș
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Anthropic is in talks with a consortium of private equity firms including Blackstone and Hellman & Friedman about forming an AI-focused joint venture to sell the Claude makerâs technology to companies funded by the investment firms, according to a person involved in the discussions and another person who was briefed about it. The recent conflict between the Department of Defense and Anthropic temporarily impacted the joint venture discussions, one of... Read more âș
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If youâre in need of a billion or two in cash, why not hit up Jensen Huang? The Nvidia CEO has plenty of money to spare, particularly if youâre in business with him in some way. Nvidiaâs announcement on Wednesday that it was putting $2 billion into Nebius, a European AI data center developer, was the fourth investment in a business partner Nvidia has announced this month. Earlier this week... Read more âș
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Atlassian, which sells software that lets developers and other business teams collaborate on projects, is laying off around 1,600 employees, or around 10% of its staff, CEO Mike Cannon-Brookes announced in a blog post. Few companies have been harder hit by investorsâ fears over the ... Read more âș
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AI customer service software provider Zendesk is acquiring Forethought, a nine-year-old startup that is one of its industry partners and competitors, for an undisclosed sum. The deal shows how larger firms are snapping up smaller rivals that develop AI agents that can perform multi-step tasks ... Read more âș
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13.03.2026 22:56
Last update: 22:36 EDT.
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