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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For big tech, business is booming. That’s good, because their costs are also skyrocketing. Microsoft and Meta Platforms both reported better than projected June-quarter earnings on Wednesday, sending stocks of the two leaping 9% and 11.7%, respectively, in after-hours trading. But there may well be a reckoning, as both companies projected sizable increases in spending on artificial intelligence in the next year.Right now, though, investors and company executives are celebrating.... Read more ›
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Artificial intelligence was the star of Meta Platforms’ second-quarter earnings call on Wednesday. Meta’s long-term path to making money from AI is fuzzy. But right now, some of the most material benefits from Meta’s investments in AI are improvements to “ranking,” or how the company shows users relevant content on its social media apps. That, in turn, is boosting how much time users spend on those apps. Read more ›
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Figma priced its IPO at $33 a share on Wednesday, giving it a $19.3 billion valuation on a fully-diluted basis, and making it one of the most valuable company backed heavily by venture capitalists to go public in years. The company’s stock will start trading Thursday. The pricing means Figma ... Read more ›
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Meta Platforms on Wednesday reported second-quarter revenue of $47.5 billion, up 22% from a year earlier. That exceeded its own forecast of $42.5 billion to $45.5 billion, showing the strength of its digital advertising business and sending its shares up as much as 11% in after-hours trading. ... Read more ›
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Microsoft’s revenue growth accelerated to 18% in the three months ending in June, driven by stronger-than-expected sales in its Azure cloud computing unit, the company said on Wednesday. Revenue in Azure grew 39%—a significantly higher rate than the roughly 34-35% growth the company had ... Read more ›
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Apple officially responded to the U.S. Department of Justice’s antitrust lawsuit, saying the agency’s case seeks to “degrade the privacy and security benefits of iPhone” and would “eliminate” the iPhone’s competitive differentiation. “This lawsuit threatens the very principles that set iPhone ... Read more ›
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Artificial intelligence that handles complex tasks with minimal human oversight, also known as an agent, is creating a bevy of security holes that require plugging.The problem: Tools to protect companies against the risks posed by the newfangled AI don’t exist yet, according to cybersecurity sellers, investors and IT executives. Read more ›
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JPMorgan Chase and Coinbase signed an agreement to directly link customers’ bank accounts to their cryptocurrency wallets, a move that could undercut data aggregators between banks and companies. Under the new deal, which is expected to go into effect next year, customers can also fund Coinbase ... Read more ›
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Amazon will pay the New York Times between $20 million and $25 million in cash each year to license its content for AI, the Wall Street Journal reported. That sum is equal to roughly 1% of the Times’s 2024 revenue. Under the deal, which was first announced in May, Amazon can use the Times’s ... Read more ›
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Before we get to today's column, my colleague Valida and I reported Tuesday that Canadian AI model maker Cohere is in talks to raise up to $500 million in a new funding round at a $6.3 billion valuation. Existing investors Inovia Capital and Radical Ventures are in talks to invest in the round. This company recently generated revenue at an annual pace of $100 million. At a $6.3 billion valuation,... Read more ›
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Palo Alto Networks will buy the login software firm CyberArk for $25 billion, the companies announced on Wednesday. CyberArk, a publicly traded startup based in Israel, sells software for verifying companies’ employees when logging into applications that run in the cloud. The 26-year-old firm ... Read more ›
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Amazon is taking steps to keep other companies’ artificial intelligence shopping tools from swarming its e-commerce site. In recent weeks, Amazon updated the code underpinning its website to add language warding off new AI agents from Google. These changes follow restrictions Amazon added earlier this year calling out bots from Perplexity, Anthropic’s Claude and OpenAI’s ChatGPT. Read more ›
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The judge overseeing Elon Musk’s breach of charitable trust lawsuit against OpenAI struck down 16 of OpenAI’s 55 defenses on Tuesday, ruling that OpenAI “inappropriately asserted an excessive number of defenses, many of which appear to be irrelevant, redundant, insufficient, or immaterial.” ... Read more ›
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Talk about hanging someone out to dry! A day after DoorDash confirmed it had hired Lee Brown, Spotify’s longtime ad chief, as chief revenue officer, Spotify executives went out of their way to complain about the company’s ad performance—and by implication, the job Brown had done. When asked on the company’s second-quarter earnings call about Brown’s departure, Spotify’s co-president, Alex Norstrom, said the ad business hadn’t progressed enough, “so we... Read more ›
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Cohere, a Canadian artificial intelligence developer that competes with Anthropic and OpenAI, has sustained one of the richest valuations in the industry as a multiple of the relatively modest revenue it generates. Now it’s told investors that sales are picking up—enough to entice existing shareholders to sink more money into the six-year-old company at a higher valuation. Read more ›
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The tech investment climate feels more like New York City (97 degrees) today than San Francisco (67 degrees). That is to say, it’s scorching hot and starting to get uncomfortable. The latest major startup deal I’m hearing about is crypto exchange Kraken seeking about $500 million, at a $15 billion valuation, according to people familiar with the matter. Read more ›
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Cerebras Systems, a startup that is developing artificial intelligence chips to challenge Nvidia’s, is in talks to raise up to $1 billion in private funding, potentially delaying a plan to go public this year, The Information reported. The potential delay would represent a shift for Cerebras CEO ... Read more ›
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Groq, a chip startup taking on Nvidia, recently cut its 2025 revenue projections from more than $2 billion to more than $500 million, The Information reported. The company gave out the lower projections as it talks to investors about a new round of funding that would double its post-investment ... Read more ›
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Nearly everywhere I look, I’m seeing signs of how artificial intelligence is shaking up the way we engage online, from shopping to social media. OpenAI is reportedly working on a new checkout feature, betting that more consumers will turn to chatbots like its ChatGPT to find and purchase products. At the same time, I’m seeing an influx of realistic AI videos on my social media feeds, while a new generation... Read more ›
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Palo Alto Networks is in talks to acquire the login software firm CyberArk for more than $20 billion, The Wall Street Journal reported on Tuesday. CyberArk’s stock rose more than 12% on Tuesday following the report. CyberArk, a 26-year-old publicly traded startup based in Israel, sells software ... Read more ›
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17.03.2026 16:45
Last update: 16:40 EDT.
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