The deals keep coming for semiconductor firms and OpenAI. In the past month, Nvidia, Advanced Micro Devices and Broadcom have each reached very different agreements to supply chips to OpenAI. The arrangements open up all three to the risk that OpenAI, which expects to burn $115 billion through 2029, can’t afford to keep its commitments. The deals pose different risks to each company’s business, but AMD faces the biggest downside... Read more ›
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Apple’s iPhone Air became available for preorders in China Friday, after a delay due to regulatory approvals. The iPhone Air’s China debut, about a month after the phone’s U.S. launch, comes just after CEO Tim Cook visited the country earlier this week. During his China trip, Cook met with ... Read more ›
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OpenAI said Thursday it has blocked users from using its Sora AI video app from generating videos of Dr. Martin Luther King, Jr. while it “strengthens guardrails for historical figures.” In a joint statement on X with King’s estate, OpenAI acknowledged that some users had generated “ ... Read more ›
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Oracle has struggled to generate gross profit margins higher than 25% from renting out one- to two-year old Nvidia server chips to artificial intelligence developers, The Information reported Thursday. The previously unreported data show Oracle has a wide gap to fill to reach what co-CEO Clay ... Read more ›
2
Bearish sentiment about the cost-benefit equation of artificial intelligence has become so prevalent lately that it almost feels like conventional wisdom is now skepticism. But that certainly isn’t the case at Oracle, the nearly 50-year-old enterprise software firm turned cloud provider, which declared itself today to be a “hypergrowth company,” thanks to its fast-expanding AI data center business.And that wasn’t just rhetoric: Oracle presented an updated revenue forecast at an... Read more ›
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Brazilian fintech CloudWalk, a business payments startup, passed $1.2 billion in annualized revenue in September, about double the revenue pace from the same time last year, a person familiar with the matter said. The company, backed by DST Global and Coatue Management, recently completed a ... Read more ›
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The name of Bessemer Venture Partners is tied closely with the cloud software boom of the 2010s. The backer of Twilio, Shopify and Zoom even created its own Nasdaq index of cloud software companies, which I look at often to track the ups and downs of the market.But it’s not a good time to be a software investor. That index of cloud stocks has badly lagged the overall market as... Read more ›
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Oracle on Thursday sought to reassure investors that its business of renting out servers packed with Nvidia chips to OpenAI, Meta and other artificial intelligence developers will become far more profitable as revenue surges. Oracle co-CEO Clay Magouyrk told financial analysts Thursday that the company’s AI data center business, which is mostly made up of rentals of Nvidia graphics processing units, will eventually generate a gross profit margin of 30%... Read more ›
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CoreWeave has hired Jon Jones, the former head of Amazon Web Services’ global startups and venture capital business, as its first chief revenue officer, the company confirmed Thursday. The Information first reported Jones’ departure from AWS last month. He had been in the role for just one year ... Read more ›
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Ron Conway, the venture capitalist and major Democratic party donor, has left the board of the Salesforce Foundation and criticized Salesforce CEO Marc Benioff’s recent cheerleading of President Donald Trump. A week ago, Benioff told The New York Times that he supports Trump sending troops into ... Read more ›
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Welcome back!Salesforce is shifting its artificial intelligence strategy to boost flagging growth as even CEO Marc Benioff this week acknowledged a gap between the technology’s capabilities and corporate customers’ willingness to buy it, Erin and I reported Wednesday. At its annual Dreamforce event for customers in San Francisco, we were surprised to see Salesforce announce it would allow ChatGPT customers to control Salesforce apps and AI directly from the chatbot.... Read more ›
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Elon Musk’s xAI is aiming to build and control the world’s most powerful data center and a massive natural gas plant to power it. The scale of the project and xAI’s precarious finances are forcing the company into unusual financial arrangements that rely on outsiders to raise funding and shoulder much of the risk. XAI wants to have as much control as possible over Colossus 2, its second supersize data... Read more ›
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Human resources and payroll startup Deel has raised $300 million at a $17.3 billion valuation, bringing in a new investor that led the fundraising round, Ribbit Capital. The startup, which is battling a high-profile lawsuit from arch-rival Rippling over allegations Deel’s top brass recruited and ... Read more ›
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Microsoft is adding new AI features to its forthcoming Windows 11 operating system that will let users speak to their computer to automate tasks like locating and editing files, organizing tabs, or managing calendar events, the company announced on Thursday. The new push comes as Microsoft aims ... Read more ›
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OpenAI CEO Sam Altman said on a podcast last week that he wanted ChatGPT to become “people’s personal AI subscription.” The company last week made moves toward that goal with “apps in ChatGPT,” which lets people use the chatbot to search for homes on Zillow or make Spotify playlists, for instance.In another example, OpenAI has pitched companies on allowing visitors to sign into their websites using their ChatGPT credentials, just... Read more ›
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DoorDash unveiled a partnership with Alphabet’s Waymo, under which the restaurant-delivery firm will use Waymo autonomous vehicles for deliveries, starting with the Phoenix area. The arrangement is the latest step by Waymo to expand its business, following a partnership it has with Uber to ... Read more ›
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Over the past three years, as OpenAI swelled from a tiny research lab into the world’s most valuable startup, one company has captured nearly all of its billions of dollars in annual spending on the servers needed to power OpenAI’s artificial intelligence: Microsoft. In recent months, though, OpenAI announced megadeals with several Microsoft rivals that show just how much the ChatGPT creator has outgrown the amount of computing capacity its... Read more ›
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Taiwan Semiconductor Manufacturing Co. said it is preparing for a faster upgrade of its Arizona plant’s technology to the advanced 2-nanometer process, and the chip maker is close to securing a second large plot of land near the current site in order to expand the U.S. plant’s capacity. “We ... Read more ›
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Microsoft aims to produce the majority of its new products including laptops and servers outside China as early as next year, Nikkei Asia reported. The move is part of the U.S. tech giant’s ongoing effort to reduce its dependence on China’s domestic supply chain amid geopolitical tensions ... Read more ›
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Walmart’s announcement this week that it would become the first major retailer to start selling products through ChatGPT’s Instant Checkout shows that big retailers are being forced to take new forms of artificial intelligence–related online shopping seriously. It’s not shocking that Walmart, as a megaretailer that wants to sell more stuff online, would partner with OpenAI. Letting people buy stuff from Walmart within ChatGPT may mean fewer of them visit... Read more ›
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09.05.2026 18:37
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