Norway’s sovereign wealth fund plans to vote against Tesla’s proposed $1 trillion CEO compensation package for Elon Musk, the fund said on Tuesday. Norges Bank said in a disclosure that it was “concerned about the total size of the award, dilution, and lack of mitigation of key person risk.” The ... Read more ›
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Amazon has laid off some support staffers who work with the merchants who use its Fulfillment by Amazon warehousing and delivery service, a company spokesperson confirmed. Around 200 people in the division had their jobs cut this week, according to a person with direct knowledge. “Following a ... Read more ›
0
The Chinese startup that operates Manus, the artificial intelligence agent that became a viral hit in the U.S. earlier this month, is in talks with potential investors including U.S. venture capital firms to raise a new funding round at a valuation of at least $500 million, up around fivefold from its previous valuation, according to three people with knowledge of the talks. Manus, a computer-using AI agent that browses many... Read more ›
0
Crusoe, an Nvidia-backed cloud provider and data center developer, said it raised $225 million in debt backed by Nvidia artificial intelligence servers, which it plans to rent out to cloud customers. The deal underscores continued interest by investment firms to finance the purchase of Nvidia ... Read more ›
0
CoreWeave, the AI–focused data center company set to go public Friday, is the hottest name in both finance and tech right now. Then there’s Nebius. Nebius also builds data centers aimed at artificial intelligence. It is already listed, so there is no IPO fanfare. It is also growing fast and has almost no debt. The most surprising thing about Nebius is the long and winding path it took to get... Read more ›
0
Many companies shelling out cash for artificial intelligence may be counting on the technology to reduce the number of software engineers they need. That’s not the case at Vanta, which sells compliance software to enterprises.As the $2.5 billion–valuation startup uses more AI to aid its 300-person sales organization, it’s hiring more engineers to put that technology to use, CEO Christina Cacioppo told me. Read more ›
0
Yesterday, Kevin and I broke the news that Nvidia was in advanced talks to buy Lepton AI, a startup that rents out servers powered by Nvidia’s chips and helps AI developers train and run open-source models on those servers, otherwise known as an inference provider.A deal would put Nvidia in direct competition with a slew of other inference providers we’ve written a lot about, namely Together AI. Lepton, Together and... Read more ›
0
Logistics company Flexport took in $2.1 billion in revenue last year, up around 30% from $1.6 billion in 2023, the company’s founder and CEO Ryan Petersen told the Wall Street Journal. The Journal did not report a figure for Flexport’s net revenue, which represents how much money the company ... Read more ›
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Just as artificial intelligence has helped programmers slash the time it takes to write code, hackers are also finding it’s a productivity boon. The increased number of threats, along with risks from companies’ adoption of AI, has helped some cybersecurity startups grow more quickly. Take Chainguard, a startup developing software to detect security vulnerabilities in open-source software, including the technology powering popular AI models such as Meta Platforms’ Llama models.... Read more ›
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OpenAI is close to raising its $40 billion financing. In addition to SoftBank’s previously reported investment, investors including Magnetar Capital, Coatue Management, Founders Fund and Altimeter Capital Management are in talks to participate in the deal, according to Bloomberg. Magnetar ... Read more ›
0
Why do profitable companies bother to go public nowadays? That’s a question my colleague Cory Weinberg raised today in this piece, which revealed that payments processing firm Stripe doubled its free cash flow to $2.2 billion in 2024 on just $5.1 billion in revenue. That’s a free cash flow margin of 43%, which is unusually high for a company growing its top line as fast as Stripe—28% last year (usually... Read more ›
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A federal judge in New York on Wednesday allowed a copyright lawsuit by New York Times against OpenAI to move forward, a victory for the publisher in a case with major implications for how tech companies develop artificial intelligence models. The Times alleged in a lawsuit filed in December ... Read more ›
0
Nvidia is closing in on a deal to acquire Lepton AI, a two-year-old startup that rents access to servers powered by Nvidia’s artificial intelligence chips, in a deal worth several hundred million dollars, The Information reported on Wednesday. While Nvidia’s specific interest in Lepton couldn’t ... Read more ›
0
President Donald Trump said he would be open to lowering tariffs on China to win the Chinese government’s support for a sale of TikTok’s U.S. operations, Bloomberg reported. Trump’s comments confirming longstanding speculation about his willingness to bargain on tariffs in exchange for a ... Read more ›
0
OpenAI recently discussed buying billions of dollars’ worth of data storage equipment and software to put into its own data center, The Information reported on Wednesday. This kind of deal would make OpenAI one of the world’s largest storage customers overnight, and represent its first foray ... Read more ›
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Whop, a four-year-old startup that helps influencers and other entrepreneurs sell digital goods and services, such as video tips to make options trades or the lines of code to create a shopping bot, has been growing at a fast clip. It now has ambitions to expand and offer extended storefronts and online communities for large retailers, according to its founders. Whop tripled its annual run rate in less than a... Read more ›
0
The founder of SRTX, the Canada-based maker of popular Sheertex tights that has been thrown into chaos by President Donald Trump’s threatened tariffs, told employees she would step down as the startup’s CEO, part of an effort to secure a much-needed funding deal, according to a person involved ... Read more ›
0
Nvidia is in advanced talks to buy Lepton AI, a two-year-old startup that rents out servers powered by Nvidia’s artificial intelligence chips, in a deal worth several hundred million dollars, according to a person close to the company. The move is part of Nvidia’s push into the cloud and enterprise software market, in competition with major cloud providers like Amazon and Google. Nvidia has felt pressure to diversify from hardware... Read more ›
1
Last June, OpenAI landed in headlines for its splashy partnership with Apple. The iPhone maker’s Siri assistant would tap OpenAI’s models and ChatGPT to handle some queries and also help customers with writing and generating images.It looked like a huge win for the ChatGPT maker—at first. Nine months later, we’re wondering whether the deal has benefited OpenAI much.Financially, the partnership probably hasn’t been helpful to OpenAI. Apple isn’t paying OpenAI,... Read more ›
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OpenAI recently discussed purchasing billions of dollars’ worth of data storage hardware and software, according to three people involved in the private discussions. To house the hardware, the company has considered building its own data center for the first time, two of these people said. Such a deal would make OpenAI one of the world’s biggest storage customers overnight and would reflect its desire to have more control over data... Read more ›
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Stripe is putting up the kind of numbers that would send its stock soaring, if it had public stock. The payments processing firm doubled its free cash flow last year to about $2.2 billion and grew revenues about 28% to $5.1 billion, according to financial figures obtained by The Information. This year’s tech initial public offering parade is preparing to start. Sadly for public market investors, though, most of the... Read more ›
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Most popular sources
Business Insider
|
41% 19 |
Tom's Hardware
|
35% 16 |
Mashable
|
3% 0 |
Wired
|
3% 1 |
Slashdot
|
3% 0 |
| View sources » | |
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10.11.2025 07:02
Last update: 06:55 EDT.
News rating updated: 13:50.
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