Oracle shares were down 4.5% on Monday, after The Information reported that the cloud firm’s Stargate joint venture with OpenAI and SoftBank floundered after its flashy announcement at the White House in January 2025. Instead of the three companies pursuing a data center expansion together, ... Read more ›
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Anthropic CEO Dario Amodei is set to meet with Secretary of War Pete Hegseth on Tuesday, following weeks of negotiations between Anthropic and the Pentagon over whether Anthropic can put limits on the Pentagon’s use of its AI. Axios first reported on the meeting. The negotiations began after ... Read more ›
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Anthropic on Monday launched a share sale to current and former employees who had worked at Anthropic for at least twelve months, according to a person with knowledge of the share sale. The share sale is based on the company’s latest valuation of $380 billion, according to the same person. ... Read more ›
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IBM stock dropped 13% on Monday after Anthropic said that its Claude Code tool could be used to automate the modernization of legacy code. IBM mainframes, computers that process a large portion of the world’s financial transactions, run applications written in COBOL, a programming language ... Read more ›
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When does a frenemy become a mortal threat? That question should be top of mind for executives atop enterprise software firms, such as ServiceNow, Salesforce and Snowflake, each of which at various times has announced partnerships with OpenAI. And yet OpenAI seems to be doing everything it can to put at least some of these firms out of business. As we reported on Friday night, in a presentation to investors... Read more ›
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Cerebras Systems has again made a confidential filing for a U.S. public offering, according to people with knowledge of its plans. The designer of AI chips and systems has been meeting with prospective investors before a potential listing that could take place as soon as this April, they said. ... Read more ›
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The stablecoin launched by President Donald Trump’s family crypto company World Liberty Financial briefly lost its peg to the dollar on Monday, as the company said it faced a “coordinated attack” on its co-founders’ X accounts. The stablecoin, USD1, fell to as low as $0.994 on Monday morning, ... Read more ›
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Uber announced Monday that it agreed to acquire SpotHero, an app that enables drivers to reserve parking spaces at garages based on location. The Information first reported in December that Uber was considering an acquisition. Terms of the transaction weren’t disclosed. A deal with SpotHero ... Read more ›
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Shopify has started arranging for ads to promote its merchants to run in ChatGPT, the company told merchants, in an expansion of Shopify’s existing ad network. The e-commerce software firm buys ad space on various social media sites on behalf of its merchant clients, and charges merchants for ... Read more ›
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Anthropic accused Chinese model developers DeepSeek, Moonshot AI and MiniMax of using data from Anthropic’s Claude models to train and improve their own AI. The Chinese model developers created over 24,000 fraudulent accounts and generated over 16 million chats with Anthropic’s Claude model to ... Read more ›
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Elon Musk said Monday that SpaceX has been cutting prices for its Starlink satellite internet service to reach more customers. He made the comments in response to an article in The Information on the topic. SpaceX has introduced cheaper plans in the U.S. and other countries in recent months, has ... Read more ›
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Over the past year, the running joke in the data center industry—even inside OpenAI—has been that the $500 billion Stargate initiative was less of a master plan than a “vibe.”My reporting this weekend showed how little Stargate resembles the $500 billion effort touted at a White House event just over a year ago. Stargate now has no staff, nor does it have any obvious role in data center development. It... Read more ›
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Before we get into today’s column, Friday’s story from Sri and I confirmed what many had been hypothesizing since OpenAI’s release of GPT-5 in August: ChatGPT’s growth hasn’t been as strong as OpenAI hoped.The story is more nuanced, obviously. The chatbot has hit new highs in terms of weekly active users—910 million, to be exact as of earlier this month. But OpenAI leaders had hoped to hit 1 billion WAUs... Read more ›
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OpenAI unveiled long term partnerships with consulting groups McKinsey & Company, Accenture, Boston Consulting Group, and Capgemini aimed at promoting its “Frontier” software for managing AI agents to businesses, in OpenAI’s latest shot at enterprise software firms. The offering will compete ... Read more ›
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Since launching in 2020, SpaceX’s Starlink satellite internet service has quickly eclipsed its rocket launch business to become its biggest source of revenue, and, investors hope, a significant cash generator in coming years. But recent efforts to maintain user growth have increasingly turned Starlink into a competitor to mass-market telecom firms selling internet access, rather than the premium service SpaceX CEO Elon Musk initially envisioned. Starlink has cut hardware and... Read more ›
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Nvidia is planning to release a new chip in the first half of this year for consumer laptops and desktops in collaboration with Taiwanese chip designer MediaTek, The Wall Street Journal reported. PC makers such as Dell Technologies and Lenovo Group are working on products using the chip, which ... Read more ›
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Before we get to what’s coming this week, let’s take a moment to honor the company that has honed the power of magical thinking. That would be OpenAI, whose latest long term revenue and profit projections we reported on Friday night here. The most important element of the report was that in 2025, the cost of running AI models quadrupled, so the company’s gross margin fell to 33%, which is... Read more ›
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When President Donald Trump announced the $500 billion Stargate AI data center project in January 2025, the three companies charged with developing it promised to move with lightning speed, spending $100 billion almost immediately to start building 10 gigawatts of computing capacity. More than a year later, the Stargate joint venture has not staffed up and is not developing any of OpenAI’s data centers, according to three people involved in... Read more ›
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OpenAI CEO Sam Altman called the concept of putting data centers in space right now “ridiculous,” taking aim at rival Elon Musk’s argument for why he is taking the merged SpaceX-xAI public. “It will make sense some day,” Altman said, speaking at an event in India. He added that “the very rough ... Read more ›
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Reddit’s explosive revenue growth of the past two years turbocharged the company’s stock after its 2024 initial public offering, lifting it nearly 700% to its highs of around $270 last fall. That rally was markedly different from the tepid performance that similarly sized social media companies such as Snap and Pinterest endured after their public debuts in 2017 and 2019, respectively. In hindsight, that’s not surprising. Reddit’s IPO turned out... Read more ›
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14.03.2026 03:37
Last update: 03:25 EDT.
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