If President Donald Trump and Chinese premier Xi Jinping wrap up a deal for a U.S.-controlled investor group to buy TikTok U.S. on Friday, the next stage of the deal will begin—figuring out the final lineup of the investor consortium. Oracle and Silver Lake are widely reported to be among a group of new investors buying into a newly separate TikTok U.S., while existing U.S. shareholders in TikTok’s parent ByteDance... Read more ›
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Andreessen Horowitz general partner Anjney Midha’s main job is to lead investments in AI startups such as France’s Mistral AI and Germany’s Black Forest Labs. But behind the scenes, he’s also functioned as what he calls the firm’s “compute whisperer,” setting up and managing a group of thousands of Nvidia chips that the firm then rents to compute-hungry startups it backs.This program, called Oxygen, started with plans of an initial... Read more ›
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Without video games, the artificial intelligence boom may not have happened: the Nvidia chips that powered recent AI breakthroughs were originally designed to process video game graphics.Now, game studios are increasingly turning to generative AI to automate the work of developing their games. Read more ›
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Microsoft will spend $4 billion in the next three years to build a new data center in Wisconsin as it races to meet demand for servers that power AI applications, the company said Thursday. The data center announcement comes as Microsoft nears completion of a $3.3 billion data center in Mount ... Read more ›
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Nvidia is to invest $5 billion in Intel stock as part of a partnership between the two companies in which Intel will build Nvidia-custom designed CPU chips for integrate in Nvidia’s AI technology, the companies said on Thursday. The news sent Intel’s stock soaring 29%. The deal strengthens the ... Read more ›
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On Wednesday, Meta Platforms took a big step towards dominating the still-nascent augmented reality market when it unveiled the latest version of its Ray-Bans smart glasses, this time with a see-through display and a wristband for controlling the device. People will be able to send text messages via hand motions interpreted by the wristband.Meta CEO Mark Zuckerberg said the glasses were a step towards “superintelligence,” his artificial intelligence holy grail.... Read more ›
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Deliveroo CEO Will Shu will step down from the company after DoorDash completes its acquisition of the European food delivery company, he said in a statement Thursday. The roughly $4 billion deal is expected to close in October. Shu cofounded Deliveroo, which is headquartered in the U.K., in ... Read more ›
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Google and the Department of Justice filed dueling proposals late Wednesday night for how to interpret a federal court’s ruling on remedies to address Google’s illegal search monopoly. Judge Amit Mehta’s remedies ruling earlier this month was widely viewed by antitrust experts as a positive ... Read more ›
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For a company whose name refers to divine prophecies, Oracle hasn’t done a very good job of predicting the future. Investors, though, appear to believe in the company’s latest, most incredible forecast. The database giant last week upped its forecast for future revenue it expects to generate, based on its current contracts, by a whopping $317 billion. That’s 359% higher than last quarter’s projection. Executives attributed the boost to a... Read more ›
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China’s tech giant Huawei Technologies unveiled on Thursday a three-year roadmap for its artificial intelligence chips designed to challenge Nvidia’s stranglehold on the market. The roadmap is the latest example of China’s effort to reduce its dependence on American semiconductor technology. The ... Read more ›
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Meta Platforms introduced a version of its Ray-Ban smart glasses with a display and a wristband for controlling the device at its developer conference Connect on Wednesday. The company also unveiled a new generation of its Ray-Ban smart glasses with several improvements but no display, as well ... Read more ›
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Note to private tech CEOs: The IPO market may look like it’s rocking but looks can be deceiving. If your company isn’t growing fast, and/or has a lot of debt, and doesn’t have either a crypto or AI angle, don’t expect a crush of demand. Check out StubHub, which fails on all the counts I just mentioned. Its stock tanked on its opening day as a public company, finishing down... Read more ›
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Axon Enterprise, a maker of police body cameras and Taser electroshock devices, is in advanced talks to buy Prepared, a startup that sells software to emergency responders, including an artificial intelligence tool that summarizes real-time transcripts of 911 calls, according to a person involved in the deal. The companies are discussing a deal worth $800 million to $900 million, according to this person and two others who were briefed about... Read more ›
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Cloud security startup Netskope has priced its planned initial public offering at $19 per share, according to two people with direct knowledge of the plans. The Santa Clara, Calif.-based startup earlier this week lifted its price range to $17 to $19 per share from $15 to $17, The Information ... Read more ›
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A group of California-based nonprofits sent a letter to the state’s attorney general Rob Bonta on Wednesday asking him to reject OpenAI’s recent proposal to give the nonprofit that governs OpenAI a stake worth $100 billion in the for-profit arm of the ChatGPT maker. “The proposed $100 billion ... Read more ›
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Shares of StubHub closed at $22 on its first day of trading, more than 6% below its initial public offering price of $23.50. The offering raised $800 million. Stubhub CEO Eric Baker said in an interview that the company is betting on future revenue growth from direct ticket sales. The ... Read more ›
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Tesla has settled two lawsuits over crashes involving its Autopilot driver assistance software that were due to go to trial in California next month. The settlements come weeks after Tesla was found partially liable in a similar lawsuit over another crash in Florida. The lawsuits Tesla settled ... Read more ›
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The long-awaited sale of TikTok’s U.S. business appears headed to a final resolution this week after China and the U.S. agreed to the framework for a deal during trade talks in Spain. A Chinese government official confirmed that China has agreed to let TikTok’s parent, ByteDance, license the TikTok algorithm—which dictates what users see on the app—to the new owners, clearing a key hurdle for any deal. But many questions... Read more ›
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Amazon unveiled a range of new artificial intelligence-powered tools for sellers Wednesday, including a tool that will allow merchants to create ads through a conversational chatbot. The ads created by the tool, which is powered by AI models including Amazon’s Nova model and Anthropic’s Claude, ... Read more ›
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Businesses are evaluating a growing list of AI products aimed at specific uses. We asked our Deep Research tool, “What are the biggest applied artificial intelligence themes for the coming 12 months?”, and received the following answer. Read more ›
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10.05.2026 04:25
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