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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Apple’s iPhone business grew at a rapid clip, as U.S. consumers bought up phones ahead of any possible tariff-related price increase. For the quarter that ended in June, iPhones sales grew nearly 13% from the prior year to $44.6, the fastest growth the business has seen since a pandemic-era ... Read more ›
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Shares of Coinbase fell by more than 6% in post-market trading after the crypto exchange missed profit estimates in the second quarter, as lower trading volume weighed on its revenue. The cryptocurrency exchange posted earnings of 12 cents per share. It reported $1.5 billion in total revenue, up ... Read more ›
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Paramount’s streaming revenue rose 15% to nearly $2.2 billion during the second quarter, driven in part by pricing increases. However, the company, which owns the Paramount+ and Pluto TV streaming services, saw streaming ad revenue drop 4% year over year, due to the impacts of lower ad prices ... Read more ›
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Amazon Web Services revenue rose roughly 18% to $30.9 billion in the second quarter, as its pace of growth held steady from the first quarter and badly lagged revenue accelerations that smaller cloud competitors Microsoft and Google reported earlier this week. Amazon shares fell more than 7% in ... Read more ›
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Google on Thursday lost its appeal to overturn the 2023 jury verdict that the Google Play app store had become an illegal monopoly. The ruling follows a recent court order forcing Apple to open up its own app store checkout, in a case also brought by Epic Games. Last October, a federal judge ... Read more ›
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Figma became the second-most richly valued publicly traded software company, after Palantir, following a blockbuster initial public offering. The company’s shares rose more than 250%, pushing its enterprise value at the end of Thursday to $67 billion. That means that investors are valuing Figma at about 55 times the revenue that bankers expect it to generate in 2026, compared to a median forward multiple of 13 for the largest software... Read more ›
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Meta Platforms is prowling for partnerships with startups that use artificial intelligence to create and edit videos, as the social media giant’s AI dealmaking blitz enters new terrain. In recent weeks, Meta and Pika, which develops AI that can generate realistic videos, have discussed a partnership, including a possible acquisition or a deal to license Pika’s technology, according to a person familiar with the conversations. Meta also recently discussed a... Read more ›
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CoreWeave secured $2.6 billion in debt to help it purchase equipment for its contract with OpenAI, the server rental company said Thursday. The loan facility gives CoreWeave access to more capital as it looks to buy and deploy chips for a contract with OpenAI the company previously said is worth ... Read more ›
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Staff at the Idaho National Laboratory, a federal nuclear research facility, have been using artificial intelligence from OpenAI and Anthropic to automate routine work, such as drafting literature reviews of research papers or generating lines of code.But now, the lab is starting a more ambitious effort: using AI to automate how companies obtain permits to build new reactors. Read more ›
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Shein’s revenue reached nearly $10 billion in the first quarter of this year, Bloomberg reported, with net income of more than $400 million. That helped boost the fast-fashion giant’s profit margins to roughly 5%, the report said. Shein said in a statement to Bloomberg “the data is inaccurate” ... Read more ›
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Tesla launched a ride-hailing service in the San Francisco Bay Area on Thursday, featuring humans in the vehicles’ drivers seats operating a version of its driving software. While Tesla CEO Elon Musk has said Tesla will offer a self-driving “Robotaxi” service to half of the U.S. population this ... Read more ›
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Microsoft’s market capitalization exceeded $4 trillion for the first time on Thursday after the company reported better-than-expected cloud growth in the three months ending in June. Microsoft stock was up more than 4% from the day prior, and is up by more than 28% over the past year. Microsoft ... Read more ›
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Subscribers to Comcast’s Peacock streaming service remained flat at 41 million during the second quarter when compared to the prior quarter. And while revenues for Peacock continue to grow, it isn’t completely offsetting ongoing declines in NBCUniversal’s domestic TV advertising business. ... Read more ›
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Lately, investors have been eager to back cloud startups that provide application developers with access to Nvidia graphics processing units and help them to develop and run AI models quickly. The investor interest comes despite questions about the profit margins of these startups, otherwise known as cloud GPU resellers or inference providers.In a previously unreported example, Modal, a New York City-based inference provider, is in talks to raise roughly $75... Read more ›
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Klarna, the Swedish installment lender, is considering reviving its potential New York initial public offering as soon as September as shares in U.S. fintech companies surge, Sky News reported. Klarna filed for its IPO in March and was seeking to raise at least $1 billion at a valuation of more ... Read more ›
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The UK’s top antitrust regulator ruled on Thursday that Microsoft and Amazon hold dominant positions in the cloud computing market and should be the subject of a formal investigation. The regulator’s findings came after a yearslong probe into competition in the cloud market, and found that both ... Read more ›
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When Google’s billionaire co-founder, Sergey Brin, needs something done at the company’s artificial intelligence unit—AI chips allocated to a team, a researcher hired, an employee moved to a new department—there’s one person he messages: Koray Kavukcuoglu. Kavukcuoglu isn’t Google’s flashiest AI leader, though he’s the chief technology officer of its AI unit, Google DeepMind, and the chief AI architect for the entire company. He lacks the celebrity of Brin and... Read more ›
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China’s internet regulator, the Cyberspace Administration of China, said it summoned Nvidia on Thursday to discuss alleged security risks with its H20 chips. The regulator’s move comes in response to a bill introduced by U.S. lawmakers in May, which requires location verification for artificial ... Read more ›
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OpenAI has reached $12 billion in annualized revenue, nearly double its pace at the beginning the year, The Information reported Wednesday. The rise suggests the company will be able to hit is projections of generating $12.7 billion in revenue this year. The growth comes as the company ... Read more ›
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OpenAI roughly doubled its revenue in the first seven months of the year, reaching $12 billion in annualized revenue, according to a person who spoke to OpenAI executives. That figure implies the ChatGPT maker is generating $1 billion a month, compared to about $500 million a month at the start of the year. The growth comes as the company logs roughly 700 million weekly active users for its ChatGPT products... Read more ›
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17.03.2026 15:04
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