Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khamenei’s death, Kalshi said it couldn’t pay out any ... Read more ›
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President Donald Trump called on Netflix to kick former Biden administration official Susan Rice off its board, “or pay the consequences.” His comments came after Rice said on a podcast that if Democrats win control of the House of Representatives this fall “there will be an accountability ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: A radical bet on a totally different type of longevity cure • The Top 5: The best home sauna tech• Plus, Recommendations—our weekly pop culture picks: “The Secret World of Roald Dahl,” “Vigil” and “Love Story”Judging strictly by appearances, anyone who is anyone in tech is looking to carve out a niche for themselves in AI. The smart ones are asking themselves... Read more ›
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The tech world is a realm that enjoys obsessing over the newest things: the vibe coding apps, the orchestrating agents, the driverless cars. It also enjoys modernizing the very ancient. The latest example: saunas, which are believed to have existed in some form or another since the Stone Age. They’ve been popular gathering points since the Romans embraced bathing as a public pastime, and lately, there’s been a boomlet in... Read more ›
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OpenAI recently raised its outlook for revenue for the next five years, predicting it would generate about 27% more than previously forecast from sales of its ChatGPT subscriptions and other business lines, The Information reported Friday. But it warned it will burn more than twice as much cash ... Read more ›
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OpenAI recently hiked its revenue outlook for the next five years, predicting that it would generate about 27% more than previously forecast from sales of its ChatGPT subscriptions, AI models, and newer business lines such as advertising and hardware, according to financial forecasts. But it warned it will burn more than twice as much cash through 2030 than previously predicted, as it spends $665 billion on the costs of running... Read more ›
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Anthropic’s unveiling of Claude Code Security, a new cybersecurity tool, sent cybersecurity stocks plunging—the latest part of the software sector to be hit by anxieties about AI disruption. Anthropic’s new tool detects vulnerabilities in software to help security teams defend against hackers ... Read more ›
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Xbox CEO Phil Spencer and Xbox president Sarah Bond are both stepping down from their roles and leaving Microsoft, the company announced Friday. Spencer will be replaced by Asha Sharma, who was president of Microsoft’s CoreAI division, which makes AI tools for developers. Sharma previously ... Read more ›
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OpenAI is developing an AI-powered smart speaker with a camera that will be able to take in information about its users and their surroundings, The Information reported on Friday. The speaker, which will likely cost between $200 and $300, will also allow people to buy things by identifying them ... Read more ›
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In Silicon Valley, some quests for the fountain of youth have most definitely won the backing of tech’s leading names. Sam Altman, OpenAI’s CEO, personally invested $180 million to launch Retro Biosciences, which is working on ways to rejuvenate aging cells. CoinBase’s Brian Armstrong co-founded NewLimit, which has raised over $200 million for a similar pursuit from investors that include Peter Thiel’s Founders Fund. And Jeff Bezos reportedly helped bankroll... Read more ›
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Shares of e-commerce stocks like Amazon and Shopify rose Friday after the Supreme Court struck down tariffs imposed by the Trump administration. Shopify shares were up more than 5% midday, and Amazon rose around 2%. Investors had been worried that new tariffs would result in higher prices for ... Read more ›
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OpenAI has more than 200 people working on a family of AI-powered devices that will include a smart speaker and possibly smart glasses and a smart lamp, according to a person with knowledge of the plans. New details are starting to emerge about the group and its development strategy. The smart speaker—the first device OpenAI will release—is likely to be priced between $200 and $300, according to two people with... Read more ›
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Meta Platforms has cut equity-based awards for employees for the second year in a row, the Financial Times reported Thursday. The cuts come as the Facebook and Instagram owner continues an aggressive AI spending campaign. Meta cut its annual distribution of stock options by about 5% for ... Read more ›
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ZaiNar, a startup that says it has developed an alternative to GPS that uses Wi-Fi and 5G cellular networks to provide superfast location information, recently raised $10 million at a $1 billion valuation, The Information reported Thursday. SpaceX board member Steve ... Read more ›
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The nervous Nellies in the investor community sold tech stocks again on Thursday, dragging down the Nasdaq 0.4%. Sounds like a normal day in February 2026, you might say. But it’s striking how anxieties about the disruption caused by AI continue to weigh on stock prices, including those of leading AI firms like Google, even as private AI leaders are raising new money at ever-higher valuations. If investors are liking... Read more ›
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Chipmaker AMD backstopped a $300 million loan Goldman Sachs provided to data center and cloud startup Crusoe so it could purchase the company’s AI chips, The Information reported. AMD agreed to rent its own chips from Crusoe if the startup can’t find customers that want to use them, such as AI ... Read more ›
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EBay struck a bargain this week with its agreement to purchase Depop, the popular secondhand clothing resale app, for $1.2 billion in cash. That’s less than the $1.63 billion Etsy paid for Depop five years ago. There’s a reason eBay got a good deal. Even while Depop increased its total sales last year by roughly 25% to $1 billion, Etsy had been spending heavily on marketing the U.K.-founded garment reseller... Read more ›
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Blue Owl Capital limited redemptions from an investment vehicle that provides loans to private companies, sending its shares tumbling and pulling down those of other investment firms with large credit businesses. The move exacerbated long-brewing concerns about private credit, a growing business ... Read more ›
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Amazon prides itself on being data obsessed, and its approach to tracking its own employees’ use of AI has been no different. Amazon has been using an internal system called Clarity to track how often employees use AI tools in their work, two people with knowledge of the tracking said. (Clarity also tracks other things about employees, such as in-person office attendance, the people said.) Read more ›
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Chipmaker AMD is pursuing the same growth-driving strategy that has boosted sales at rival Nvidia: lending its financial support to upstart cloud providers buying its chips. AMD will effectively guarantee a $300 million loan for data center and cloud startup Crusoe to purchase AMD’s AI chips and install them in a data center in Ohio. The loan from Goldman Sachs will be backed by the chips and related equipment, said... Read more ›
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Etsy saw its profit dip in the fourth quarter, even as revenue grew slightly, the company said Thursday, a day after the online marketplace said it would sell the Gen Z-focused clothing resale app Depop to rival eBay for $1.2 billion. Etsy reported revenue of $881.6 million, a 6.6% increase from ... Read more ›
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14.03.2026 05:21
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