DeepSeek didn’t give Nvidia or Advanced Micro Devices early access to its upcoming flagship AI model for performance optimization, Reuters reported, citing two people familiar with the matter. DeepSeek, meanwhile, granted domestic chip companies, including Huawei Technologies, a head start of ... Read more ›
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As Amazon weighs a major equity investment in OpenAI, the ultimate size of its commitment could hinge on whether OpenAI goes public or achieves a loosely defined milestone known as artificial general intelligence, The Information reported Wednesday. The proposed Amazon investment is part of ... Read more ›
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OpenAI has hired a high-profile AI researcher at Meta Platforms who had joined the company from Apple about seven months ago, a spokesperson from OpenAI confirmed. Ruoming Pang, who led AI infrastructure for Meta Superintelligence Labs, which is developing new AI models, left the company last ... Read more ›
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Amazon’s decision to invest up to $50 billion in OpenAI could hang on whether OpenAI goes public or reaches a loosely defined milestone known as artificial general intelligence, which generally refers to AI that is on par with human abilities, according to three people involved who have communicated with OpenAI executives. Under the terms of the investment, which are still being negotiated, Amazon would initially invest $15 billion into OpenAI,... Read more ›
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It was a tale of two AI cities when Nvidia and Salesforce on Wednesday reported the January-quarter earnings that ended their 2026 fiscal years. Nvidia kept its place at the top of the class, reporting better than projected 73% revenue growth. Net income rose 94% to $42.9 billion. For the full fiscal year, Nvidia had revenue of $216 billion and net profit of $120 billion, translating to a margin of... Read more ›
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Kalshi, the prediction market site, said Wednesday it had reported Artem Kaptur, a video editor who works for the YouTube star known as MrBeast, to the Commodity Futures Trading Commission for alleged insider trading in violation of company policies. Kalshi said that it has suspended Kaptur from ... Read more ›
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Banking fintech company Chime said it expects to be profitable this year after revealing its revenue growth picked up pace over 2025. The fintech banking company, which publicly listed last June, on Wednesday reported a full year loss of $1 billion due mainly to stock expenses linked to the ... Read more ›
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Nvidia said it has provided $3.5 billion in guarantees to companies leasing land, power and data center facilities, four times the amount it disclosed the previous quarter. The guarantees could help companies without credit ratings, such as AI cloud startups, secure coveted power resources and ... Read more ›
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Shares of Snowflake dropped more than 2% after its fourth-quarter earnings report after the cloud database provider forecast slower revenue growth for its current quarter and fiscal year compared to last year. Still, investors seem to be less concerned about the potential threat AI poses to ... Read more ›
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Salesforce shares fell more than 5% in after-hours trading as the enterprise software firm said Wednesday that revenue in the January fiscal quarter rose 12% to $11.2 billion, including sales from Informatica, a data management firm it acquired late last year. Excluding revenue from Informatica, ... Read more ›
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Nvidia’s revenue rose 73% to $68.1 billion in the three months ended in January, 11 percentage points higher than the remarkable growth it reported in the November quarter. It also projected even faster revenue growth—nearly 77%—in the current fiscal quarter. The results shows Nvidia, the world’ ... Read more ›
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Circle, the second-largest stablecoin issuer, jumped 35% Monday after reporting strong revenue and profit growth in the fourth quarter, paring most of the stock’s decline this year amid a crypto downturn. Circle’s performance shows the growing split between speculative cryptocurrencies ... Read more ›
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Bob McGrew, the former chief research officer at OpenAI and an adviser to Thinking Machines Lab, is starting a new company that will build AI-powered software for manufacturing, according to a person with knowledge of the company. McGrew is cofounding the startup with Augustus Odena, a well ... Read more ›
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DoorDash said Wednesday it will cease operations of its Deliveroo and Wolt brands in Qatar, Singapore, Japan and Uzbekistan. The shutdowns come after a review of country-specific conditions, DoorDash said, and they aren’t expected to materially impact DoorDash’s outlook. Going forward, the ... Read more ›
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Saronic, a startup that builds autonomous warships, is raising as much as $1.5 billion in a financing that would value the company at about $7.5 billion, before including the investment, two people with direct knowledge of the matter said. Kleiner Perkins, the storied venture capital firm that has done few defense tech deals until now, has agreed to lead the round, the people said. It would more than double the... Read more ›
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Sheel Mohnot, a general partner with venture capital firm Better Tomorrow Ventures, made the case on TITV on Wednesday why PayPal might make sense for Stripe, which Bloomberg reported on Tuesday was looking seriously at buying the company. Mohnot noted that the strategic value lies in PayPal’s “ ... Read more ›
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Bill Gates told staff of his charitable foundation that he’s sorry for maintaining a relationship with Jeffrey Epstein, but said he didn’t participate in any of Epstein’s crimes, the Wall Street Journal reported Wednesday. Files recently released by the Justice Department indicated that Gates ... Read more ›
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General Atlantic is selling part of its stake in TikTok-parent ByteDance at a $550 billion valuation, according to a report from Reuters. A sale at this level would be a marked jump from the $330 billion the company was valued at in a share buyback last year, the report says. In January, the ... Read more ›
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There are few sure things in business, but here’s one: If you want to start a fast-growing company, lend money. The demand for loans is insatiable, and if you offer a good deal, you’ll have a line stretching down the block.Fair warning: The good times may not last long, and the downturn could be ugly. Private market lender Blue Owl is living through the downturn part. The struggles of the... Read more ›
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OpenAI executives have repeatedly signaled, both publicly and privately, that the only factor limiting the company’s revenue growth is access to computational resources. Chief Financial Officer Sarah Friar wrote an entire blog post on this topic earlier this year, and OpenAI executives highlighted the message again in a presentation to investors last week.In the meeting, execs emphasized how the company has struck a variety of deals in recent months with... Read more ›
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14.03.2026 00:31
Last update: 00:05 EDT.
News rating updated: 06:20.
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