OpenAI has spent roughly $6.4 billion in stock to buy three startups over the last 16 months, while its smaller rival Anthropic has done barely any deals. But Anthropic, recently valued at $170 billion in a funding round, told investment bankers in recent weeks that it is getting ready to move off the sidelines and do more acquisitions, according to people who have spoken to its executives. It is considering... Read more ›
90
International Exchange, the owner of the New York Stock Exchange, will invest up to $2 billion in Polymarket, the prediction market that is aiming to return to the U.S. The investment values Polymarket at $8 billion before the new money and gives it the backing of one of the world’s biggest ... Read more ›
0
OpenAI on Monday unveiled its biggest-yet effort to bring all of the web’s consumer activities directly into ChatGPT, as it aims to turn the chatbot into a so-called superapp that people can use to control any app in their lives—similar to Facebook’s efforts from 15 years ago. But before we get too excited, we should remember we’ve been here before. The “apps in ChatGPT” feature allows people to access apps... Read more ›
3
When Elon Musk takes the stage at Tesla’s annual meeting next month, one the centerpieces of his plan to impress shareholders will be a dancing troupe of Optimus bots, the humanoid machines that he says will eventually eclipse Tesla’s electric vehicle business, which is suffering from flagging sales growth. Behind the scenes, however, the Optimus program has been embroiled in technical problems. Targets Musk set for Tesla to make thousands... Read more ›
2
Elon Musk’s XAI has hired Anthony Armstrong, a former Morgan Stanley banker, as the artificial intelligence startup’s new CFO, according to the Financial Times. Armstrong replaces Michael Liberatore, who had left xAI for OpenAI amid an exodus of senior staff. Armstrong had advised on Musk’s $44 ... Read more ›
0
Sam Altman’s “Everything Everywhere All at Once” strategy for OpenAI was on full display on Monday. Early in the day, the ChatGPT creator revealed that it will work with Advanced Micro Devices to use that company’s artificial intelligence chips, the latest example of OpenAI’s wide-ranging efforts to assure itself of more computing capacity. The news sent AMD’s stock rocketing 24% and surely irritated Nvidia CEO Jensen Huang a little. While... Read more ›
0
OpenAI on Monday announced new features to allow users to access external apps, such as Zillow or Spotify, through ChatGPT. That paves the way for ChatGPT to become a “super app” that allows users to complete a range of tasks without leaving the app. At the company’s developer event, which ... Read more ›
2
CoreWeave said Monday it had bought startup Monolith AI for an undisclosed price, adding to the cloud provider’s software company acquisitions as it tries to expand beyond its core server rental business. Monolith AI, founded in 2016, sells software used by teams of engineers at companies ... Read more ›
2
The Securities and Exchange Commission is investigating mobile ad technology company AppLovin’s data collection practices, Bloomberg reported on Monday. The regulator is looking into whether AppLovin violated the terms of companies it partners with in its approach to targeted advertising, ... Read more ›
0
Verizon abruptly replaced its CEO, Hans Vestberg, with PayPal’s former CEO Daniel Schulman, in a sign the cellular giant is hoping to shake up its stalled business. Schulman, who is in his late 60s, had been a director of Verizon since 2018 and the lead independent director since last December. ... Read more ›
0
Before we get to today’s column, in a sign of how insatiable OpenAI’s appetite for computing power is, the ChatGPT-maker and Nvidia rival Advanced Micro Devices announced a partnership Monday morning that would see OpenAI deploy six gigawatts of AMD’s chips over multiple years, starting in the second half of next year. As part of the deal, OpenAI will receive the option to purchase up to 10% of AMD stock... Read more ›
2
OpenAI and Advanced Micro Devices announced on Monday a new partnership that would see OpenAI deploy six gigawatts of AMD’s chips over multiple years, starting in the second half of next year. That deal is larger than the $300 billion, 4.5 gigawatt cloud deal OpenAI struck with Oracle earlier ... Read more ›
0
Peter Thiel’s Founders Fund is doubling down on its biggest artificial intelligence bets, embracing a concentrated strategy as rivals spread their bets across a wide swath of startups. Among them are OpenAI, data center builder Crusoe and General Matter, a nuclear fuel startup the firm has incubated, Founders Fund said at its recent annual general meeting for investors. In contrast, other venture firms have poured money across the AI landscape,... Read more ›
11
The Free Press co-founder Bari Weiss confirmed that her news startup had been acquired by the Ellison family’s Paramount. In an email to subscribers, Weiss said “as of today, I am editor-in-chief of CBS News,” although she will remain CEO and editor in chief of the Free Press, she said. News ... Read more ›
0
Anduril CEO Brian Schimpf said that the partial government shutdown could “stall progress for the year” across the defense sector in an interview that aired Friday on The Information’s TITV. “For a company like us, we’re in a pretty good spot working a lot of continuing programs,” he said. “The ... Read more ›
0
A new artificial intelligence hardware startup founded by Naveen Rao is in talks to raise $1 billion at a $5 billion valuation, TechCrunch reported Friday. The round would rank as one of the most highly valued for a months’ old startup with no product or revenue. Investors have been particularly ... Read more ›
0
Welcome, Weekenders! In this newsletter:• The Big Read: Can Reed Jobs be more than the son of Steve?• Electric Vehicles: The Chinese flying car that should worry Detroit—and Silicon Valley • Plus, our Recommendations: “The Romesh Ranganathan Show,” “When It All Burns” and “The Eastern Gate”The ultimate winner from the artificial intelligence wars remains hard to distinguish, but none of the contenders has displayed a more consistent ability to win... Read more ›
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For years, Chinese billionaire He Xiaopeng has been pegged as an Elon Musk wannabe, and his electric vehicle company, XPeng, as a mere Tesla copycat. And until recently the company seemed laggardly, raising questions about whether it would survive. All of that is changing quickly. In other words, XPeng has moved up a stair from the realm of mere novelty to unignorable player with intimidating products and shrewd commercial instincts.... Read more ›
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Chipmaker Cerebras Systems said in a securities filing on Friday that it was withdrawing its plans to go public. The news comes just days after the upstart looking to take on Nvidia announced it had officially closed a $1.1 billion fundraise from private investors that it had been putting ... Read more ›
0
OpenAI has bought investing app startup ROI and hired its CEO and co-founder, Sujith Vishwajith, to join its technical staff, a spokesperson for the ChatGPT maker said. ROI said it will shut down the app. Since ChatGPT’s early days, financial firms such as J.P. Morgan and Morgan Stanley have ... Read more ›
0
Coinbase said Friday it is seeking a charter with a federal banking regulator that will allow it to expand its crypto custody business and enter into payments services. The largest U.S. crypto exchange is applying for a national trust charter with the Office of the Comptroller of the Currency, ... Read more ›
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25.10.2025 06:41
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