BNY, the nationâs oldest bank, is expanding the services it handles for stablecoin giant Circle, the latest sign that U.S. banking access for the crypto industry is easing under a friendlier regulatory environment. The bank will allow some clients to send money to and from Circle through BNY for purchase or sale of Circleâs stablecoins, people with knowledge of the development said. Previously, Circleâs clients had to use smaller banks... Read more âș
3
Humanoid robots that walk around on two legs have been attracting attention and money, but they are still a long way off from being mass produced. Traditional robots that donât have legs, however, are moving ahead in places like agricultural fields, stores and warehouses.One example is Mech, an artificial intelligence-powered robot for logistics jobs unveiled this week by Dexterity, a startup founded by seven Stanford University-educated engineers. On Tuesday, the... Read more âș
0
In early 2023, Nvidia was seeing near-endless demand for its artificial intelligence chips. Cloud computing giants such as Amazon Web Services, Microsoft Azure and Google Cloud were increasing their orders, sending Nvidiaâs revenue to new heights. Developers were scrambling to access the chips, which were hard to come by. Then Nvidia made a curious move: It agreed to spend $1.3 billion over four years to rent its own chips from... Read more âș
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Manus, a new artificial intelligence agent that has gone viral on social media, announced that it is teaming up with Alibaba Group to offer its service to users in China. Manus, launched last week on an invitation-only basis, has attracted a lot of attention based on a demo video that impressed ... Read more âș
4
Taiwan Semiconductor Manufacturing Company has pitched to Nvidia, Advanced Micro Devices, Broadcom, and Qualcomm about taking a stake in a joint venture to operate Intelâs loss-making foundry division, which manufactures chips for companies based on their designs and specifications, Reuters ... Read more âș
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Applied Intuition, an eight-year-old developer of simulation software for training self-driving vehicles, is in talks with investors to raise capital at a $15 billion valuation, more than double its valuation from a year ago, according to a person with direct knowledge of the discussions. Existing investor Kleiner Perkins is in talks to lead the round. The potential fundraising would follow a bumper year for the Mountain View, Calif., company. It... Read more âș
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Iâm just back from the tech and arts festival South by Southwest in Austin. TikTok was there: it held a private, invite-only âleadership summitâ on Monday as well as a happy hour. TikTok staffers talked up products such as Symphony, its suite of AI tools to make it easier to create content for the app. Executives scheduled to speak included Blake Chandlee, the president of global business solutions, and Esme... Read more âș
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We saw a muted recovery in some tech stocks on Tuesday, but there were a few notable exceptions. One was Asana, which makes a workplace collaboration software tool and is also known as the second act of Facebook co-founder Dustin Moskovitz. The stock plunged 24% today, the day after the company reported a middling quarterâand, perhaps more surprisingly, announced that Moskovitz is stepping down as CEO.Moskovitz isnât departing completelyâheâs staying... Read more âș
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Venture capitalists backing Hinge Health, which sells software to help people dealing with chronic pain, were likely cheering on Monday when the company filed to go public. It turned out to be the worst day of the year for the stock market, with the S&P 500 falling nearly 3%. Hinge was one of the few tech firms to attempt to go public this year, and the first with significant backing... Read more âș
0
OpenAI on Tuesday released a set of new application programming interfaces and tools to help developers build agents, software that can take actions on behalf of customers, according to a company blog post. These include tools to help developers make agents that can search the web and cite ... Read more âș
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Seemingly every week, a large company in an old, regulated industry is taking the cover off an artificial intelligence application that would have seemed unthinkable just a few years ago.The latest example is Fiserv, a 41-year-old provider of software for thousands of financial firms to process payments, manage operations and provide banking services to their own clients. Read more âș
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Anthropic has reached $1.4 billion in annualized revenue as of this month, according to a person with direct knowledge of the companyâs finances, implying monthly revenue of around $116 million. The OpenAI competitorâs revenue has increased from the $1 billion in annualized revenue that ... Read more âș
0
Anthropicâs year is off to a good start. Its annualized revenueâa measure of the past month's revenue multiplied by 12âhas grown from $1 billion at the end of last year to $1.4 billion as of earlier this month, according to a person who has seen the numbers. In other words, Anthropic is generating more than $115 million a month. Thatâs roughly the same revenue pace its rival OpenAI reached in... Read more âș
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After Sridhar Ramaswamy became CEO of database provider Snowflake a year ago, customers such as banks and healthcare firms said they might move their business elsewhere because they felt they couldnât safely access artificial intelligence from OpenAI, Anthropic or Google through Snowflakeâs core product. Some customers considered switching to rival products from Amazon and Microsoft that grant access to cutting-edge AI while preventing customersâ business data from leaking to the... Read more âș
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The sudden rise of DeepSeek represents an opportunity for banks and financial firms to access a low-cost but still sophisticated artificial intelligence modelâif only it wasnât from China. Geopolitical tensions between Washington and Beijing, along with perceived security risks posed by the Chinese-made AI tool, have kept U.S. banks from even experimenting with DeepSeek. Read more âș
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Larry Ellison has done a remarkable job of making Oracle part of the conversation around artificial intelligence data centers alongside much bigger cloud rivals such as Microsoft and Google. But as Oracleâs February-quarter results, released on Monday night, show, the enterprise software firm is hitting the limits of what it can spend on new data centers, at least without borrowing a bucketload of money. Ellison himself may have more financial... Read more âș
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Oracleâs stock was up slightly after hours on Monday after the company indicated that its business of renting out servers for artificial intelligence will help boost revenue 15% to $66 billion in the fiscal year that begins in June compared to 7% growth on average in recent quarters. CEO Safra ... Read more âș
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CoreWeave, an Nvidia-backed cloud provider, has signed a five-year deal to rent AI servers to OpenAI, according to a Reuters report. As part of the cloud deal, OpenAI will also get a stake in CoreWeave expected to be worth $350 million when the company goes public. CoreWeaveâs largest customer ... Read more âș
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Amazon Prime Video has licensed the streaming rights for the first seven seasons of âThe Apprentice,â a reality-TV competition show that was hosted by President Donald Trump and originally premiered on NBC in 2004. The deal deepens the relationship between the tech giant and the current ... Read more âș
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Sam Altman, Elon Musk and other artificial intelligence leaders dominate headlines as they raise unprecedented funds. But talent, not capital, has separated the winners and losers in generative AI. Weâve identified 20 up-and-coming researchers who have been at the forefront of their firmsâ successes but whose names typically arenât found in news articles. We chose them based on conversations with employees and managers who work with or compete against them.... Read more âș
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10% 6 |
Android Authority
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Vox
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11.11.2025 11:29
Last update: 11:21 EDT.
News rating updated: 18:22.
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