U.K.-based cloud provider Nscale, whose announced customers include OpenAI and Microsoft, is in negotiations to acquire a massive AI data center site in West Virginia, The Information reported. Amazon, Meta and a cloud ally of Google have also expressed interest in the site. The site is ... Read more ›
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Before its unsolicited offer to buy Google’s Chrome for $34.5 billion on Tuesday, Perplexity had been quietly exploring acquisitions of smaller browser startups, The Information reported. Earlier this summer, the AI search company offered about $1 billion to buy Brave, a privacy-focused web ... Read more ›
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We’re in a new era of government intervention in corporate America. The latest example is Bloomberg’s report on Thursday that the Trump administration was in talks to “take a stake” in Intel. Just on Monday, President Donald Trump said he and Nvidia CEO Jensen Huang had agreed that Nvidia would pay the government 15% of whatever revenues it generates from the sale of AI chips to China, in exchange for... Read more ›
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Vercel, a nine-year-old cloud startup that companies use to host and develop websites and artificial intelligence apps, has been approached by investors offering to invest hundreds of millions of dollars at a valuation between $8 billion to $9 billion, according to a person with direct knowledge of the discussions. The new funding could nearly triple Vercel’s private valuation from a financing in May last year and follows a recent growth... Read more ›
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A bitcoin mining firm said Thursday that Google would help finance its move to lease data center servers for artificial intelligence development. The announcement didn’t disclose whether Google will rent the servers but it is one of the biggest AI developers and cloud providers, ... Read more ›
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Kajabi, a 15-year-old software service best known for selling online courses, supercharged sales a few years ago when—armed with a big check from Tiger Global Management—it started heavily marketing itself to creators, who pay a monthly fee to host courses and sell other digital goods, such as newsletters, podcasts, coaching and memberships.The startup’s CEO Ahad Khan says the company has been finding success with creators focused on narrow topics, such... Read more ›
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Oracle and Google have expanded the cloud agreement they announced last year to let the database giant’s cloud customers rent access to Gemini models. It’s the latest sign of growing ties between the longtime tech rivals and further evidence that hosting top AI models is becoming table stakes ... Read more ›
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Intel is in talks with the Trump administration for the US government to potentially take a stake in the troubled chipmaker, Bloomberg reported Thursday. The potential deal would have the government pay for a stake to help fund Intel’s planned factories in Ohio, according to the report. The ... Read more ›
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Shares of the Trade Desk closed down 7% on Thursday after The Information reported that Walmart had renegotiated its deal with the advertising tech firm in what could be a first step to the retailer backing away from the company. Walmart reached a new deal last year with the Trade Desk, which ... Read more ›
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Instagram’s co-head of product, Ashley Alexander, is leaving Meta Platforms, according to a person with direct knowledge of the matter. She joined Facebook in 2013, according to her profile on LinkedIn. Alexander has worked across the photo- and video-sharing app, including on search, commerce, ... Read more ›
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For all the talk about the rise of low-cost or open-source AI models, enterprises are still gravitating to brand-name models from OpenAI, Google and Anthropic. That’s prompting database providers like Snowflake, Databricks and Oracle to strike deals allowing database customers to use the brand-name AI to build chatbots and search tools that can analyze each customers’ proprietary data. In the latest example, Oracle and Google announced an agreement this morning... Read more ›
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A group of more than 80 chief executive officers at crypto and fintech firms signed a letter to President Donald Trump urging him to block U.S. banks, such as JPMorgan Chase, from charging fees for access to customer data, which could threaten the business model of fintech firms. The CEOs at ... Read more ›
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Cohere, a Canadian artificial intelligence developer that competes with Anthropic and OpenAI, said Thursday it had raised $500 million at a $6.8 billion valuation including the new money, confirming The Information’s earlier reporting. The AI lab also said it had hired Joelle Pineau, Meta ... Read more ›
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Amazon’s most direct rival in handling ad sales across the web, the Trade Desk, could be in danger of losing one of its most valuable clients—Walmart. Last year, Walmart renegotiated its four-year-old arrangement with the Trade Desk, under which advertisers buying spots on the Web using Walmart shopper data for targeting have to use the Trade Desk’s technology. The new arrangement is no longer exclusive, according to a person with... Read more ›
2
When I talk to roboticists, one scenario that keeps them up at night is the possibility of their robots making an unexpected movement and hurting someone. An industrial arm could accidentally wallop a nearby worker, a self-driving car could swerve off a road or a humanoid robot could fall on a toddler. Yikes!Historically, a surefire way to guard against these risks was to rope off a robot in its own... Read more ›
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On President Donald Trump’s last day of his first term, in 2021, he pardoned Michael Liberty, a real estate developer and tech entrepreneur who had served jail time for illegal campaign contributions and was facing new federal criminal and civil charges. The pardon may pay dividends for the president’s family. Roughly a year after the pardon, the president’s son, Donald Trump Jr., took a 5% stake in Liberty’s company, now... Read more ›
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The federal judge overseeing Elon Musk’s breach of charitable trust lawsuit against OpenAI ruled Tuesday that the court would not throw out OpenAI’s countersuit against Musk. OpenAI has alleged that Musk engaged in unfair competition and “tortious interference” by submitting a $97.4 billion bid ... Read more ›
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Venture investors are discussing ploughing as much as $1 billion into Texas-based energy startup Base Power at a $4 billion valuation, or about four times its valuation in April, according to a person with knowledge of the investment talks. The startup, co-founded in 2023 by Zach Dell, a former Thrive Capital investor and son of PC mogul Michael Dell, generates revenue by managing a fleet of home backup batteries and... Read more ›
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Crypto conquered the stock market again with the public debut of crypto exchange Bullish, whose stock soared as much as 220% on its opening day Wednesday after raising $1.1 billion in its IPO. The offering followed a glittering IPO from stablecoin issuer Circle and offerings from a raft of companies that have stuffed themselves with crypto. For an industry that says it wants to overtake the traditional financial system, it... Read more ›
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xAI co-founder Igor Babuschkin said Wednesday that he had left the Elon Musk-led artificial intelligence company. He plans to start a company called Babuschkin Ventures, which he said “supports AI safety research and backs startups in AI and agentic systems that advance humanity and unlock the ... Read more ›
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Perplexity made headlines this week when the artificial intelligence startup said it had offered to buy Google’s Chrome, the world’s largest internet browser, for a price amounting to nearly double its valuation. While that acquisition seems unlikely to transpire, the company has been on the prowl for smaller browsers it could more easily bite off. Since the end of last year, executives at the three-year-old startup have communicated with leaders... Read more ›
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17.03.2026 08:08
Last update: 08:01 EDT.
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