U.K.-based cloud provider Nscale, whose announced customers include OpenAI and Microsoft, is in negotiations to acquire a massive AI data center site in West Virginia, The Information reported. Amazon, Meta and a cloud ally of Google have also expressed interest in the site. The site is ... Read more ›
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Readers of The Information were optimistic in June about prospects for the tech sector, though our overall sentiment gauge dipped slightly versus the prior month. Over 48% of respondents to our monthly survey told us they expect the environment for tech companies to improve over the coming six ... Read more ›
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Wealthfront, the 17-year-old robo advisor that manages millennials’ money, confidentially submitted its paperwork to regulators for an initial public offering, the firm announced Monday. The potential fintech IPO could come as early as this fall, and would follow Chime’s IPO earlier this ... Read more ›
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The news around data-labeling startups is stirring a debate in the industry about whether artificial intelligence developers should improve their models with cheap synthetic data (data that are generated by other AI models) or with a much smaller amount of expensive, human-labeled data via firms such as Scale or Surge.Until recently, AI developers relied on low-skilled contractors to rate and rank responses from models. These developers can now automate some... Read more ›
1
Google has cut its smart TV budget and trimmed its team—marking the most concrete signs yet of the company’s waning interest competing with the likes of Samsung and Roku as it centers its TV business around YouTube. The company has reduced the budget for Google TV and Android TV 10%, according to people familiar with the matter. This group’s budget had numbered in the hundreds of millions of dollars annually... Read more ›
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OpenAI has removed marketing materials and a video related to its $6.5 billion acquisition of io, an AI devices maker started by iPhone designer Jony Ive and OpenAI CEO Sam Altman, following a trademark lawsuit. Earlier this month, IYO, Inc., another maker of AI devices, sued Ive’s io, alleging ... Read more ›
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Retail investors have lost some of their enthusiasm for giant tech stocks since April’s tariff induced market turmoil. Buying by individual investors of the so-called Magnificent Seven tech stocks–Alphabet, Amazon.com, Apple, Meta, Microsoft, Nvidia and Tesla–has slowed, The Wall Street Journal ... Read more ›
15
Crypto is booming right now, but the rally is playing out in the stock market rather than on crypto exchanges. Shares of stablecoin issuer Circle are up eightfold since its initial public offering just over two weeks ago, and companies that hold bitcoin are getting valuations that are surprising even to industry insiders. Several big crypto players are considering IPOs, including OKX, one of the top three global crypto exchanges.... Read more ›
1
Welcome, Weekenders! In this newsletter:• The Big Read: Humanoid robots are the latest pawns in the U.S.-China tech war• The Arena: Can 3D printing—yes, 3D printing—make Nike a winner again?• The quiet AI mogul with $1 billion in sales—and no investors • Plus, our Recommendations: Putin’s favorite fintech; the dirt on d’oh!; and a collision between money and mythOver several decades, one of Sam Altman’s finest skills has been his... Read more ›
0
More than 1,700 men have broken the 4-minute mile, but no woman has ever done so. The fastest any female runner has ever covered the distance is 4 minutes and 7.64 seconds, the current world record set by Faith Kipyegon in 2023. Which is to say: not even close. Nevertheless, Nike is staging a race in Paris next Thursday where Kipyegon will attempt the historic feat. The event will certainly... Read more ›
24
Masayoshi Son is a man who keeps adding zeros to his grand ambitions. Apparently, the SoftBank Group founder isn’t content with his $500 billion Stargate plan to build artificial intelligence data centers and is now trying to rally partners, including Taiwan Semiconductor Manufacturing Co., to build a $1 trillion industrial complex in Arizona that will produce AI-powered robots, according to Bloomberg.There are a lot of reasons to question whether this... Read more ›
0
Canva is about to buy itself a little more time before a long-anticipated initial public offering. The Australian maker of design software is in talks to arrange a sale of shares held by current and former employees that would value the company at $37 billion, according to two people with knowledge of the fundraise. That’s just shy of its peak valuation of $40 billion four years ago. The sale resembles... Read more ›
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SoftBank CEO Masayoshi Son is pitching companies and governments on setting up a manufacturing center in Arizona that could cost as much as $1 trillion, Bloomberg reported Friday. SoftBank is talking to tech companies including chipmaker TSMC and Samsung on the project, codenamed “Crystal Land.” ... Read more ›
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As Meta Platforms sought to overhaul its artificial intelligence efforts earlier this year, it discussed buying or taking a major stake in several high-profile AI startups, including Safe Superintelligence Inc. and Perplexity, before ultimately striking a deal to invest $14.3 billion in ... Read more ›
2
Expectations about the impact of artificial intelligence on business are running high, but how will AI deployment unfold? The Information’s readers were presented with a survey detailing four different scenarios about how AI will play out in their companies, as defined by the EY organization, in the near and midrange future. Through careful analysis of emerging signals and trends, EY professionals have identified “four futures of AI” distinct scenarios for... Read more ›
1
Meta Platforms on Friday announced Oakley-branded smart glasses, which are targeted toward athletes. The glasses start at $399 and will be on sale later this summer, Meta said in a blog post. The announcement comes after Meta in September extended its partnership with EssilorLuxottica, the ... Read more ›
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Tesla’s long awaited robotaxi launch will take off Sunday in Austin, Texas—with essentially a babysitter in the passenger seat keeping an eye on the vehicle. In invitations to early testers of the service, Tesla noted that initial rides of the autonomous Model Y cars will include a “safety ... Read more ›
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Elon Musk’s forecasts of an ultralavish future for Tesla’s humanoid robot, Optimus, have not only been a boon to his company’s share price: They’ve provided a broad lift to nearly everyone working on humanoids, a technology once considered a fantasy land. One of the biggest beneficiaries is Apptronik, a scrappy Austin, Texas, rival working, in a partnership with Google DeepMind, on a humanoid robot called Apollo. In March, the Musk-created... Read more ›
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Meta Platforms tried to acquire Safe Superintelligence, the AI startup launched by OpenAI co-founder Ilya Sutskever, CNBC reported on Thursday, citing sources familiar with the matter. Sutskever rebuffed Meta’s offer and Mark Zuckerberg instead moved to recruit the startup’s CEO and co-founder ... Read more ›
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Surge AI had more than $1 billion in sales last year, more than the revenue generated by its much talked-about competitor in data labelling, Scale AI. Last year, Scale AI had $870 million. There are other stark differences between the two startups: Surge is profitable, while Scale isn’t. And ... Read more ›
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Telegram founder Pavel Durov says he will give away all his wealth to his kids—all 100 plus of them. Durov, who has an estimated $17.1 billion fortune, 40, has been a sperm donor for many years and has six children conceived naturally with three partners. None will have access to their ... Read more ›
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18.03.2026 09:19
Last update: 09:12 EDT.
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