The Trump administration and the United Arab Emirates on Thursday announced a large data center campus for artificial intelligence in Abu Dhabi that aims to power American technology. President Donald Trump and Emirati president Sheikh Mohammed bin Zayed discussed the plan in front of a ... Read more ›
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The charitable nonprofit that controls OpenAI should maintain its full management control over the new for-profit entity as part of its planned conversion to a private benefit corporation, five lawyers who work at nonprofits and universities wrote to the attorneys general of California and ... Read more ›
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It’s been a busy week for YouTube! The company on Wednesday hosted its annual Brandcast event for advertisers in New York where it announced updates ranging from new deals with the NFL to features for creators. On Thursday, CEO Neal Mohan told a MoffettNathanson investor conference that revenue generated per hour watched on YouTube Shorts has risen to the equivalent of YouTube’s long-form videos in several countries, including the U.S.... Read more ›
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Meta Platforms has delayed the largest version of its flagship large language model Llama 4 to as late as this fall—or even later—over performance problems, according to a person familiar with the matter. Llama 4 has encountered other delays in the past. Meta previously pushed back Llama 4’s ... Read more ›
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YouTube CEO Neal Mohan says revenue on YouTube Shorts is growing and, when measured by one metric, is comparable to revenue generated by longer videos on the main YouTube service. Speaking at a MoffettNathanson conference on Thursday, Mohan said that YouTube Shorts has reached parity with ... Read more ›
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Saudi Arabia, long viewed as a fountain of cash for the tech industry, has flipped the script, getting U.S. companies to fund its build-out of artificial intelligence. President Donald Trump announced hundreds of billions of dollars in deals when he visited Riyadh this week. The announcements touted investments in the U.S., but in many cases the Saudi money will go to U.S. companies to fund projects inside Saudi Arabia. Read more ›
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These have been difficult years for roughly a dozen of the major startups trying to sell artificial intelligence models to app developers or corporate customers. OpenAI and other AI firms that sell ready-to-use products for knowledge workers have sucked the oxygen out of the room for startups like Cohere, whose revenue has severely lagged its projections from two years ago, I reported today. Read more ›
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The conversational intelligence boom sparked by OpenAI unleashed a flood of venture capital dollars for the sector, but AI developers that didn’t focus on selling revenue-generating applications fast enough have been left in the dust. One of the best examples is Cohere, an OpenAI rival that was developing similar technology years before the launch of ChatGPT in 2022 and has raised a total of nearly $1 billion from investors. As... Read more ›
32
Coinbase said on Thursday some customer data were stolen by some of its overseas customer support agents in a breach that may cost between $180 million and $400 million to fix, sending its shares down 6%. The company said the incident affected less than 1% of its monthly users. The agents ... Read more ›
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Upstart AI cloud provider CoreWeave on Wednesday signed a new deal to rent Nvidia chips to OpenAI worth $4 billion through 2029, CoreWeave said in a securities filing. The deal is in addition to one worth $11.9 billion struck with OpenAI in March. That deal runs through 2030. As part of the ... Read more ›
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Chinese e-commerce giant Alibaba Group said Thursday that revenue from its cloud computing business in the March quarter grew 18% year on year, accelerating from 13% growth in the previous quarter, thanks to stronger demand for artificial intelligence offerings. Alibaba CEO Eddie Wu said during ... Read more ›
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Salesforce has agreed to acquire Convergence, a London-based startup developing AI software to automate complex tasks, otherwise known as AI agents, according to a Convergence post on X on Thursday. Convergence’s product, Proxy, went viral when it first launched on ProductHunt in February. Proxy ... Read more ›
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In the last year, dozens of new robotics startups have launched. One of them, a recent graduate of the Y Combinator accelerator, is trying to distinguish itself by developing open-source AI models and other software for the humanoid robots it plans to sell, an increasingly popular approach in the sector. The proposition has attracted backers—and some curious onlookers from OpenAI. The startup, K-Scale Labs, on Friday plans to release open-source... Read more ›
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Walmart warned that tariffs have forced it to start raising prices and held back from providing second-quarter profit guidance, blaming the uncertain environment. Walmart shares fell nearly 5% in morning trading on Thursday. “We started to see increases happen in April and through May,” Walmart ... Read more ›
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Chinese officials in the past two months told some of the country’s top technology companies that the government will take a more active role in overseeing their data centers for artificial intelligence and the specialized chips for developing the technology, according to two people involved in the conversations. The Chinese government wants companies to build new data centers in specific locations that give authorities greater visibility into their operations, these... Read more ›
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President Donald Trump said he has asked Apple CEO Tim Cook to pull back on plans to shift iPhone production to India from China and to concentrate on expanding production in the U.S., Bloomberg reported. While on a visit to the Middle East, Trump told reporters that he talked with Cook about ... Read more ›
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Shares of Nebius, which runs data centers for artificial intelligence, have risen 30% since Friday, when The Information reported that database startup ClickHouse was in talks to raise money at a price that would triple its valuation. Nebius owns a 28% stake in ClickHouse. Nebius was formerly ... Read more ›
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How much motivation does a company founder need to make their company a success? In the case of Chime, a fintech firm whose mission is to offer banking services to lower-income people, quite a lot, it seems. When Chime filed paperwork to go public on Tuesday, it revealed that last month it awarded co-founders Chris Britt (who is also CEO) and Ryan King special stock grants totalling 4 million and... Read more ›
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CoreWeave, which rents out Nvidia AI chips to large firms such as Microsoft, said in its first earnings report as a public company that it generated $980 million in revenue in the three months ending in March, up more than five times from the same period a year earlier. But investors soured on ... Read more ›
0
I checked out LTK’s splashy event for advertisers in New York this week. The gathering, planned to coincide with upfronts held by big media companies, highlighted the creator marketing startup’s ambitions to command serious ad dollars.LTK, founded in 2011 and last valued at $2 billion, is one of the more established creator marketing companies. It started out providing affiliate links, which creators add to their posts to collect a cut... Read more ›
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Most popular sources
Vox
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30% 25 |
Business Insider
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24% 2 |
MacRumors
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8% 0 |
Wired
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6% 2 |
The Verge
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5% 2 |
| View sources » | |
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10.06.2025 16:12
Last update: 16:06 EDT.
News rating updated: 23:00.
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