Cerebras Systems, a startup that is developing artificial intelligence chips to challenge Nvidia’s, is planning to raise money privately, potentially delaying a plan to go public this year, the company has told investors. The company is in talks to raise up to $1 billion in fresh funding, according to a person familiar with the discussion. Deliberations are still ongoing, and Cerebras may choose not to pursue a private round, another... Read more ›
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Artificial intelligence that rewrites code and can reprogram old apps into newer formats is lowering the cost of switching enterprise software providers and is poised to help companies tackle previously nearly impossible tasks, as Aaron reported Monday. One such task we’re hearing more about involves companies getting their data out of Oracle, Microsoft SQL Server, Teradata and other databases that run in the companies’ private data centers. Some companies want... Read more ›
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Anthropic is raising a new financing at a $170 billion valuation in a deal led by Iconiq Capital, reported Bloomberg. That’s up from the $58 billion-valued round, before the investment, led by Lightspeed Venture Partners at the start of this year. The new funding round is expected to be between ... Read more ›
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JPMorgan is nearing a deal to replace Goldman Sachs as the provider of Apple’s credit card program, the Wall Street Journal reported. The largest U.S. bank has emerged as Apple’s preferred choice to take over the program which has about $20 billion in balances, according to the report. Over the ... Read more ›
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Groq, a richly funded chip startup trying to take on Nvidia, told investors early this year it was on track to have more than $2 billion in revenue for 2025. Within the past month, the number it gave to investors has fallen to more than $500 million, according to documents viewed by The Information. Groq’s $2 billion projection came around the time it inked a $1.5 billion deal with Saudi... Read more ›
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Spotify executives on Tuesday signalled that the departure of its ad chief, Lee Brown, on Monday was in response to their unhappiness with the speed of changes with the company’s ad business. In a second quarter earnings conference call, Spotify co-president Alex Norstrom responded to a question ... Read more ›
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The Department of Justice has fired two senior antitrust staffers following weeks of internal feuding inside the department over its handling of enforcement decisions, according to CBS News. Tension inside the DOJ had been building over a lawsuit aimed at blocking Hewlett Packard Enterprise ... Read more ›
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Imax on Monday announced that it would screen the winning films from Runway’s AI-generated film festival at some of its theaters. Netflix recently said it had used AI to generate a scene in one of its shows for the first time: a building collapsing in The Eternaut, an Argentine sci-fi show. Both announcements show that video-generating AI software startups, such as Runway and Luma AI, are making inroads into Hollywood.Now... Read more ›
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When a powerful typhoon battered Guangzhou earlier this month, hundreds of programmers in the southern Chinese city braved torrential rain and gusting wind to show up to an event they’d been waiting for: Cursor’s first meetup in the city. More than 300 people turned out to watch a pre-recorded video of Eric Zakariasson, a San Francisco–based employee of Cursor’s parent, Anysphere, responding to questions submitted by participants. Later, attendees discussed... Read more ›
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Nvidia last week ordered an additional 300,000 H20 chips from its manufacturer, Taiwan Semiconductor Manufacturing Company, as surging demand from Chinese tech companies prompted the U.S. firm to reconsider its initial plan to sell only its current stockpile, Reuters reported on Tuesday, citing ... Read more ›
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Waymo said Monday that it would begin offering robotaxi rides in Dallas next year in partnership with Avis Budget Group. Avis, a rental car and fleet management company, will be in charge of maintaining Waymo’s robotaxis and the depots they’re stored in. Waymo completes more than a quarter ... Read more ›
0
Fireworks AI, a three-year-old startup that rents out Nvidia chip servers to developers that use artificial intelligence models, is in talks to raise funding at a $4 billion valuation in a round led by new investor Lightspeed Venture Partners and Index Ventures, The Information reported. A ... Read more ›
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E-commerce retailer Quince is raising roughly $200 million in new funding, in a round that more than doubles the company’s valuation to $4.5 billion, Bloomberg reported. The investment firm Iconiq is leading the round, the report said. A Quince spokesperson didn’t immediately have a comment. The ... Read more ›
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Sometimes good things happen to nice guys. I’m talking about Dylan Field, one of the more grounded founder-CEOs you’re likely to meet in tech. His design software firm, Figma, looks to be sailing toward a very strong public debut in the next week. Figma on Monday raised the preliminary pricing range for its IPO to between $30 and $32 a share—from the initial range of between $25 and $28. At... Read more ›
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Fireworks AI, part of a new class of cloud providers that rents out Nvidia chip servers to developers that use artificial intelligence models, is in talks to raise capital at a $4 billion valuation including the investment, more than seven times its valuation from a year ago, according to two people familiar with the fundraise. New investors Lightspeed Venture Partners and Index Ventures are in talks to lead the round. Read more ›
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Sales of Meta Platforms’ Ray-Ban smart glasses more than tripled in the first half of the year from the same period a year earlier, Ray-Ban parent company EssilorLuxottica said in a press release on Monday. EssilorLuxottica CEO Francesco Milleri said on Monday that the company expected “a very ... Read more ›
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Citigroup tech dealmaker Phil Drury will join AI startup Poolside as the firm’s first chief investment officer after 29 years at the investment bank. Drury most recently served as the head of Global Technology, Media, Communications Banking at Citigroup and had held various positions within the ... Read more ›
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DoorDash hired longtime ad executive Lee Brown as chief revenue officer, although Brown won’t oversee DoorDash’s growing ad business. Instead, Brown will deal with business development and accounting management with restaurants and grocery stores, reporting to Chief Operating Officer Prabir ... Read more ›
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Warner Bros. Discovery has revealed the company names and leadership structures after its planned split into two separate companies next year. WBD’s current “Streaming & Studios” segment, which houses its film and TV studios and the HBO Max streaming service, will be named Warner Bros. The ... Read more ›
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Artificial intelligence has suddenly made it cheaper and easier for companies to switch to new software providers, IT executives say. Now large AI providers such as Amazon, Microsoft, Salesforce and Palantir are scrambling to win over each other’s customers, who might previously have felt they were locked into using old apps because of the difficulty of extricating vast quantities of data. To solve that problem, the tech providers are selling... Read more ›
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17.03.2026 13:12
Last update: 13:05 EDT.
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