Sriram Krishnan, a top AI policy advisor in the Trump administration, plans to leave his position at the end of June, according to a person with direct knowledge of the move and a statement viewed by The Information. Krishnan has discussed starting a policy institution following his time in the White House, according to two people familiar with the matter. It will be staffed with engineers that will support the... Read more ›
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Anthropic could pay SpaceX up to $40 billion over the next several years to use compute from data centers, but either company has the power to call off the deal early, SpaceX revealed when it filed for an initial public offering on Wednesday. SpaceX is receiving $1.25 billion per month from ... Read more ›
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SpaceX’s long-awaited public offering paperwork revealed fresh details about its unlikely partnership with Anthropic that are representative of the overall IPO story for Elon Musk’s company: Enormous potential, with risks everywhere. The company said Anthropic agreed to pay SpaceX $1.25 billion per month to rent capacity from both of its supersized data centers in Memphis, called Colossus and Colossus II. That deal, which would be worth about $40 billion through... Read more ›
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Intuit shares dropped around 14% in extended trading on Wednesday as the maker of QuickBooks and TurboTax reported revenue growth dipping to its slowest pace since 2024. Revenue in the fiscal third quarter, which ended April 30, climbed 10% from the previous year to $8.6 billion, much less than ... Read more ›
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Nvidia’s revenue grew 85% to $81.6 billion in the three months that ended April 26, the company said Wednesday. That’s 12 percentage points higher than the blistering growth the AI chip designer reported in the January quarter. It also projected revenue would grow 95% in the current fiscal ... Read more ›
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Fintech startup Mercury said it raised $200 million at a $5.2 billion valuation shortly after receiving conditional approval from regulators for a bank license. The neobank, led by CEO and co-founder Immad Akhund, drew investment from TCV and existing venture firms such as Andreessen Horowitz, ... Read more ›
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The White House’s Office of the National Cyber Director hosted a briefing Tuesday for companies including OpenAI, Anthropic and Reflection AI on a planned executive order on AI that will empower intelligence and other government agencies to review advanced models before the models are released, according to people familiar with the matter. President Donald Trump could sign the order as soon as Thursday, the people said. Representatives of cloud providers,... Read more ›
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OpenAI is preparing to file for an initial public offering in the coming weeks, according to people familiar with the matter. The filing could potentially speed up the offering for the pioneer of conversational artificial intelligence, accelerating a race with rival Anthropic to reach public ... Read more ›
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The recent bankruptcy of Parker, a corporate card startup that catered to e-commerce customers, is a good reminder that lending is one of the toughest ways to make money in fintech. Parker had been among the dwindling number of standalone, tech-heavy lenders geared toward small businesses that first sprung up during the fintech funding boom. These startups often adopted a common playbook of zeroing in on a subset of small... Read more ›
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Businesses are spending more on Anthropic and other AI providers, and the additional budget has to come from somewhere. One natural target for cuts is other software. While businesses aren’t abandoning their enterprise applications outright, they’re putting themselves in a better position to do so if AI makes traditional apps less important. For starters, many are demanding shorter contracts and other favorable terms from longtime software as a service vendors,... Read more ›
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Hackers broke into GitHub’s internal systems and stole data from thousands of its internal repositories, the Microsoft-owned company disclosed Tuesday night. While GitHub said it didn’t find any evidence that customer data was stolen, the hackers were able to access over 3,800 of GitHub’s ... Read more ›
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Vox Media is splitting in two and James Murdoch, son of media mogul Rupert Murdoch, is buying the half that owns New York magazine, Vox.com and the Vox podcast network, Vox announced. The rest of Vox, including websites Popsugar, SB Nation, The Dodo and The Verge, will become part of a new ... Read more ›
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Google came into its flagship developer conference, Google I/O, on Tuesday with a big question to answer: Does it have a counter to Anthropic’s dominance in coding?The takeaway, after a sweltering day in Mountain View, Calif.: Google wants to redefine the competition. Google didn’t release a new “pro” version of its flagship model, Gemini, to compete with Anthropic’s much hyped (though not yet widely released) Mythos. It teased a Pro... Read more ›
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SpaceX’s draft prospectus, which could become public as soon as later on Wednesday, has prominently positioned a photograph of its Starship rocket, in the very early stages of liftoff, with bright orange flames emerging from its engines and smoke plumes underneath. The photo underlines how the 400-foot-tall rocket is the most significant piece of SpaceX’s investor pitch. As the prospectus details, Starship is a key factor in the company’s future... Read more ›
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Meta Platforms has begun notifying thousands of employees that they are being laid off, as it embarks on its latest effort to cut costs and offset the heavy investment in artificial intelligence. Meta had said last month it would lay off about 8,000 people on Wednesday, about 10% of its 78,000 ... Read more ›
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Alibaba Group’s semiconductor design unit on Wednesday unveiled a new chip that can be used to train and run AI models. The move comes as the Chinese government pushes to accelerate the adoption of homegrown AI chips to reduce the country’s dependence on Nvidia. Alibaba said the new AI chip, ... Read more ›
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OpenAI cofounder and CEO Sam Altman late Tuesday offered to invest $2 million in every startup currently in the Y Combinator startup accelerator program—not in cash, but in OpenAI tokens. “I am excited to see what will happen with tokenmaxxing startups, both for how they work internally and the ... Read more ›
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SpaceX tapped Goldman Sachs for the top role on its initial public offering next month, according to the Wall Street Journal. The “lead left” position would put Goldman in the driver’s seat for what will likely be the largest IPO ever. Morgan Stanley, Bank of America, Citi and JPMorgan are the ... Read more ›
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For the past two days, I’ve been at JP Morgan’s annual tech conference in Boston. As usual, AI has dominated most of my conversations with investors. But in a change from the past few months, it’s not Anthropic and OpenAI driving those discussions—but hardware and utility companies a few steps removed from what the AI model makers do.On Monday, for example, NextEra Energy and Dominion Energy agreed to a $400... Read more ›
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If you pay attention to one thing in AI this week, it should be Google’s I/O presentation on Tuesday. The tech giant unveiled a bunch of AI tools, most significantly the addition of new AI features such as agents to Google Search. Any distinction that existed between Google’s Gemini AI chatbot and its search bar is disappearing.No longer should we compare OpenAI’s ChatGPT to Gemini—it’s ChatGPT versus Google Search. That’s... Read more ›
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SpaceX and Cursor expect to proceed with their planned acquisition 30 days after SpaceX begins trading publicly, according to someone familiar with the matter. SpaceX is expected to go public in mid-June in the largest IPO in U.S. history. The Elon Musk-founded rockets-and-AI company announced ... Read more ›
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12.06.2026 08:04
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