BitGo filed for an initial public offering on Friday, becoming the first crypto custodian to go public in the U.S. Founded in 2013, BitGo is one of the largest crypto custody firms in the U.S., with $90.3 billion assets on platform. Crypto custodians safekeep crypto assets for clients, ... Read more ›
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President Donald Trump announced Friday that skilled foreign workers applying for H1-B visas will have to pay a $100,000 fee. Currently, H1-B applicants pay fees including $215 to enter a lottery, and a larger application fee if they are selected in the lottery. Tech companies often hire foreign ... Read more ›
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It’s hard to believe, but 18 years after the iPhone first hit store shelves, people still line up outside Apple stores whenever a new model first becomes available. We saw that again on Friday, when the iPhone 17 series went on sale. As we reported earlier, preorders for the entry-level iPhone 17—the cheap one—were strong enough to prompt Apple to order a quick ramp-up in production for that model. And... Read more ›
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Travel software company Navan, in paperwork made public Friday for a planned initial public offering, said revenue rose 30% to $329 million for the six months ended July 31. That’s roughly the same growth rate for the same period the year before. Navan, founded 10 years ago as TripActions, ... Read more ›
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Oracle is in talks with Meta Platforms about a cloud computing deal worth around $20 billion over multiple years, according to a person with knowledge of the deal. Meta is an existing customer of Oracle, but the new deal could greatly increase the amount of Nvidia graphics processing units it ... Read more ›
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Nvidia is nearing a deal to invest $500 million in Wayve, a self-driving car company based in the U.K., Nvidia CEO Jensen Huang announced Thursday. Wayve said it is considering the investment as part of an upcoming funding round. Wayve uses Nvidia chips to develop its artificial intelligence ... Read more ›
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Meta Platforms hopes to make money out of its augmented reality glasses through software features, such as subscriptions to its artificial intelligence service, its vice president of wearables Alex Himel said in an interview with The Information’s TITV this week. But Meta doesn’t have near-term plans to try and sell ads on the glasses, Himel said, noting they don’t have a big enough audience to appeal to advertisers yet. Himel... Read more ›
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Rent the Runway spent the past two years unsuccessfully trying to find a buyer for the company, among a number of “strategic alternatives” its advisers explored, according to a securities filing Thursday. The company met with both strategic buyers and financial sponsors, but none of the ... Read more ›
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Elon Musk’s xAI is raising $10 billion at a $200 billion valuation, inclusive of the new financing, CNBC reported on Friday. CNBC said the money would come from several investors that “could include” Saudi Arabia’s Public Investment Fund. The new round comes after xAI raised $10 billion in ... Read more ›
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Apple is rushing to boost production of its newly released entry-level model iPhone 17 after strong pre-orders last weekend. The tech giant told at least two suppliers to boost their daily output of the standard model by at least 30%, according to people familiar with the matter. The shift suggests more consumers than Apple expected opted to buy the cheaper iPhone 17 model, which retails for $799 in the U.S.,... Read more ›
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President Donald Trump announced Friday that he and Chinese President Xi Jinping have reached an agreement for the sale of TikTok’s U.S. operations to go ahead. Posting on Truth Social, the president wrote: “I just completed a very productive call with President Xi of China. We made progress on ... Read more ›
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In February, a peace summit of sorts took place on the top floor of Memphis City Hall. On one side there were a handful of local politicians and environmental activists. On the other was the city’s mayor, Paul Young, and Brent Mayo—a youthful, bearded, hoodie-clad Texan—who came with a message that his boss, Elon Musk, had become grumpy with Memphis. In a speech laced with expletives, Mayo told the group... Read more ›
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OpenAI plans to spend roughly $100 billion renting servers from cloud providers for backup computing power between 2026 and 2030, The Information reported Friday. That’s in addition to the $350 billion the ChatGPT maker plans to spend on computing costs for training and running AI models by the ... Read more ›
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When OpenAI in March released ChatGPT features that could turn photos into animated characters, a spike in usage forced the company to put temporary limits on the features. It wasn’t the first time this had happened. Chief Financial Officer Sarah Friar told investors at a Goldman Sachs conference last week that the company has to regularly hold up launches of new features or AI models because of a shortage of... Read more ›
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As OpenAI’s plans to make devices infused with its artificial intelligence get closer to reality, the company is increasingly plucking talent from Silicon Valley’s most successful device maker: Apple. In recent months, the startup behind ChatGPT has been raiding the ranks of Apple’s design, manufacturing and supply chain teams, in addition to Apple’s team of AI researchers, according to ten current and former Apple employees and a review of LinkedIn... Read more ›
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The House Select Committee on China is planning to send a letter to PayPal CEO Alex Chriss on Friday, seeking assurances that the U.S. payment giant is complying with anti money-laundering rules after it entered into a partnership earlier this year with a unit of Chinese tech giant Tencent. In a ... Read more ›
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Nvidia has spent more than $900 million to hire the CEO of networking startup Enfabrica and other employees, as well as license the firm’s technology, according to a report in CNBC. Nvidia was an existing investor in the firm. A spokesperson for Nvidia declined to comment and Rochan Sankar, the ... Read more ›
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If Mark Zuckerberg has his way, in a few weeks you could be talking to a friend wearing Meta’s new “display” glasses (you might call them augmented reality-lite glasses). All of a sudden, your friend will get a glazed look in their eyes and their fingers will start twitching. “Oh no,” you’ll realize. “They got just a text and now they’re responding.” If that sounds like a better experience than... Read more ›
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Netskope shares rose 18% to $22.49 in their first day of trading on Thursday, lifting its market capitalization to $8.6 billion and resulting in returns for several top investors in the almost 13-year-old cloud security startup. Lightspeed Venture Partners, which owned 19.3% of the company at ... Read more ›
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Elon Musk’s xAI told staff this week that its Grok chatbot has 64 million monthly users, the New York Times reported on Thursday. By contrast, OpenAI said in August that ChatGPT had hit 700 million weekly users, while Google CEO Sundar Pichai said in July that its Gemini app had 450 million ... Read more ›
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10.05.2026 04:25
Last update: 04:20 EDT.
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