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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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 ›
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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 ›
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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 ›
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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 company’s finances, implying monthly revenue of around $116 million. The OpenAI competitor’s revenue has increased from the $1 billion in annualized revenue that ... Read more ›
0
Anthropic’s year is off to a good start. Its annualized revenue—a measure of the past month's revenue multiplied by 12—has 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. That’s roughly the same revenue pace its rival OpenAI reached in... Read more ›
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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 couldn’t safely access artificial intelligence from OpenAI, Anthropic or Google through Snowflake’s core product. Some customers considered switching to rival products from Amazon and Microsoft that grant access to cutting-edge AI while preventing customers’ business data from leaking to the... Read more ›
0
The sudden rise of DeepSeek represents an opportunity for banks and financial firms to access a low-cost but still sophisticated artificial intelligence model—if only it wasn’t 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 ›
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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 Oracle’s 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 ›
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Oracle’s 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 ›
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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. CoreWeave’s largest customer ... Read more ›
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Amazon Prime Video has licensed the streaming rights for the first seven seasons of “The Apprentice,” 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 ›
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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. We’ve identified 20 up-and-coming researchers who have been at the forefront of their firms’ successes but whose names typically aren’t found in news articles. We chose them based on conversations with employees and managers who work with or compete against them.... Read more ›
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Mortgage firm Rocket agreed to buy Redfin at a valuation of $2.4 billion, a 50% premium to where the real estate brokerage has been trading. The companies said the deal would unite firms engaged with two sides of the home buying sector. The deal follows a difficult period of several years ... Read more ›
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ServiceNow is buying AI startup Moveworks for $2.85 billion, the enterprise software firm announced first thing this morning, an effort by ServiceNow to get a jump on agent-powered services. We included Moveworks in our Generative AI Takeover List, which you can see here. And now on to the rest of the column…We’ve written a lot about how investors have warmed to AI applications businesses, in part because of how much... Read more ›
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ServiceNow will acquire AI startup Moveworks for $2.85 billion in cash and stock, the enterprise software firm said Monday morning, as it attempts to get a jump in the race to sell AI agent-powered software to businesses. Moveworks sells AI assistant software, used by sales teams and to provide ... Read more ›
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Celsius’ $1.8 billion purchase of influencer-founded energy drink brand Alani Nu last month sparked fresh hope among investors in startups touting healthier versions of mainstream food and beverage brands. Among the fast-growing brands that could be the next targets for purchase are Good Culture, which sells cottage cheese packaged in single servings, and Chomps, which is targeting $1 billion in retail sales of meat sticks and other snacks this year,... Read more ›
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ServiceNow is close to buying Moveworks, a 9-year-old startup that sells artificial intelligence to handle IT support tickets, for $3 billion, according to a person familiar with the deal talks. The deal, if struck, would be a departure for ServiceNow, which has stuck to smaller ... Read more ›
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President Donald Trump said he was dealing with “four different groups” of potential buyers for TikTok. “A lot of people want it and it’s up to me,” he told reporters on Air Force One Sunday. Trump didn’t elaborate on who the potential buyers are. Some groups, such as one led by former ... Read more ›
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Cohere, one of the earliest venture-backed developers of artificial intelligence models, is teaming up with a subsidiary of electronics giant LG to develop highly localized AI products for businesses in South Korea, the companies said Monday. Canada-based Cohere, which has faced tough ... Read more ›
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Uber and Lyft dominate ride-hailing in North America, a position that has helped them turn cash-burning operations into moneymakers. Now Bolt, an Uber rival in Europe and Africa, is trying to undercut the two ride-hailing companies in their home markets. Earlier this year, Bolt started offering ride-hailing services in Toronto and scooter rentals in Washington through the Hopp app. Bolt is using the same playbook that it uses for its... Read more ›
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Most popular sources
Business Insider
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22% 22 |
Tom's Hardware
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10% 21 |
Android Authority
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7% 5 |
Wired
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7% 5 |
Gizmodo
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7% 7 |
| View sources » | |
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10.11.2025 15:59
Last update: 15:50 EDT.
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