You don’t have to look far to find examples of artificial intelligence startups fetching wild valuations, as some in-the-works deals for robotics and startups founded by OpenAI alumni have shown. But such examples obscure changes in how investors are valuing AI startups. The biggest developers of foundation models, such as OpenAI and Anthropic, are now cheaper than they were a year ago, based on their valuations as a multiple of... Read more ›
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Microsoft said its plan to spend $80 billion on data centers in the fiscal year that ends in June “remains on track” despite a report from the investment firm TD Cowen on Friday saying the company was cancelling leases with data center operators. The report did not specify when the leases were ... Read more ›
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Cohere, one of the earliest venture-backed developers of artificial intelligence models, has faced plenty of headwinds in the last two years. The company has been under threat from better-funded competitors like OpenAI and Anthropic and faces competition from cheap, open-source alternatives like DeepSeek.In spite of all that, the company is still growing at a decent clip, though its business remains tiny compared to those of its competitors. Annualized revenue hit... Read more ›
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Salesforce announced it had picked Google Cloud as a major cloud provider, in addition to Amazon Web Services, after negotiations that also encompassed Microsoft and Oracle. The deal gives Salesforce customers to use Google’s Gemini artificial intelligence models to build Salesforce-branded AI ... Read more ›
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Just over a year ago, Brex had the makings of the latest Silicon Valley trainwreck. The corporate credit card startup was blowing through the billions in venture capital it had raised. Growth had slowed, competition increased and its valuation had tumbled. Brex named its 28-year-old cofounder Pedro Franceschi as sole CEO. He launched a turnaround, preaching a new less-is-more, command-and-control ethos to stem the bleeding. His cofounder and face of... Read more ›
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Alibaba Group said Monday it plans to invest at least 380 billion yuan ($53 billion) over the next three years in cloud computing and artificial intelligence infrastructure. The amount is larger than the company’s total cloud and AI spending over the past decade. Alibaba is betting on the ... Read more ›
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Apple has long-term plans to integrate its new in-house modem into its iPhone processor, Bloomberg reported Sunday. The move, which could happen as early as 2028, could make the iPhone more energy efficient and further reduce its costs, the report said. Modems typically have their own processors ... Read more ›
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Elon Musk told federal workers Saturday to detail their achievements for the last week or risk losing their jobs. In a post on X Saturday, Musk said federal employees would “receive an email requesting to understand what they got done last week,” adding that “failure to respond will be ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: How Apple and Qualcomm share tech’s rockiest marriage • Policy and Safety: New push for safety laws could lift parents fatigued by tech worries• The Top 5: Silicon Valley’s favorite snow toys • Shopping: Tech’s winter it item? The humble woolen ski sweater• Plus, our Recommendations: The podcast disassembling “Severance”; a godfather who gets another life; and the Hilary Duff show you... Read more ›
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For decades, skiers and snowboarders have seen the techiest, most highly engineered synthetic fabrics as the pinnacle of alpine function and fashion—a sentiment held with particular vehemence by the hordes of snowsports enthusiasts who stream out of the Bay Area each weekend for places like Palisades Tahoe and Heavenly. These days, though, one of the hotter items on the slopes is the traditional knitted wool ski sweater. The humble and... Read more ›
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Clint and Pam Legaspi tried to take a balanced approach when introducing their now-12-year-old daughter to technology. Her first device was an educational LeapPad tablet, not an iPad. Later, they ignored her requests for an iPhone and instead gave her an iPod Touch, but only after carefully curating its apps: giving her access to Pinterest, Messenger Kids and Roblox but not TikTok, Instagram or Snapchat. When her Bay Area elementary... Read more ›
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In between the Crypto Finance Conference and the World Economic Forum last month, a group of investors and founders enjoyed a busy few days in St. Moritz. They networked, and they enjoyed a fireside chat with venture capitalists Bill Tai and Daniel Gutenberg. For play, rather than ski, snowboard or shvitz in a sauna, they snow kited. Snow kiting is a mix of kitesurfing, water skiing and snow skiing. Riders... Read more ›
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Welcome to the official start of crypto’s regulatory vacuum. That’s the state we’re in now that the Securities and Exchange Commission has decided to drop its long-running lawsuit against Coinbase (according to Coinbase, at least—we’ll have to wait until the SEC confirms the news after a commission vote).It seems the top financial cop is pressing the pause button on enforcing decade-old securities rules as they relate to crypto, as it... Read more ›
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Amazon paid around $1 billion to secure creative control of the James Bond franchise, according to a person familiar with the matter. The news was first reported by Deadline. Yesterday, Amazon MGM Studios announced a deal to form a new joint venture with Barbara Broccoli and Michael G. Wilson, ... Read more ›
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New forecasts from OpenAI show the beginning of a dramatic shift in its alliances from Microsoft, its biggest shareholder, to SoftBank, its newest benefactor. The company has told investors in recent weeks that it expects Stargate, the fledgling data center expansion project to be heavily financed by SoftBank, to support three-quarters of the computing power it will need to run and develop its AI models by 2030. That would represent... Read more ›
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Apple is withdrawing its iCloud security feature, Advanced Data Protection, from the UK market rather than comply with the UK government’s demands that the company build a “backdoor” in the system so the government could bypass Apple’s encryption to see user data, various news outlets reported. ... Read more ›
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Coinbase, the biggest U.S. crypto exchange, said it has reached an agreement with staff at the Securities and Exchange Commission to dismiss its lawsuit accusing the company of running an illegal securities exchange. Coinbase stock rose 2.2% Friday morning. The plan is subject to approval by the ... Read more ›
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There are companies that dislike each other. And then there’s Apple and Qualcomm. The world’s most powerful consumer electronics and wireless chip companies have long maintained one of the unhappiest marriages in tech. Over the past 15 years, the vast majority of iPhones have contained a Qualcomm modem chip that allowed those devices to connect wirelessly to cellular networks. But it has long stuck in Apple’s craw that it has... Read more ›
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Disney’s ESPN and Major League Baseball announced on Thursday that they have elected to opt out of their current media rights agreement, another sign that traditional TV companies are being forced to be choosier with which expensive sports rights they pursue as cable TV revenues continue to ... Read more ›
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Uncertainty about the economic impact of President Donald Trump’s trade policies is dampening expectations for how consumer spending will hold up this year. Just look at Walmart, which today projected that its revenue growth this fiscal year would slow to between 3% and 4%, compared with 5% for the year that ended Jan. 31, 2025. Executives used variations of the word “uncertain” five times on a call with analysts. And... Read more ›
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Most popular sources
Business Insider
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23% 1 |
Gizmodo
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12% 3 |
Tom's Hardware
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8% 1 |
Android Authority
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8% 1 |
Slashdot
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7% 4 |
| View sources » | |
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11.11.2025 23:36
Last update: 23:20 EDT.
News rating updated: 06:30.
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