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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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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The past week has been a steady drip, drip, drip of new details shedding light on Meta Platforms’ $14.3 billion investment in Scale AI and its hiring of the startup’s CEO, Alexandr Wang. The latest eye-opener came this morning in Stephanie and Cory’s profile of a Scale competitor, Surge AI, and its founder, Edwin Chen.In essence, they report, Surge has become the premium brand in data labeling, a business that... Read more ›
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On Wednesday, Kalley and Cory broke the news that former GitHub CEO Nat Friedman and Safe Superintelligence co-founder Daniel Gross were in advanced talks to join Meta Platforms. Along with the hires, Meta is also discussing buying out a portion of the duo’s fund, which raised more than $1 billion two years ago. Read more ›
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Hello from the very hot French Riviera, where I’m wrapping up my time at Cannes Lions!On Thursday morning, I moderated a panel with two Mattel executives: Lisa McKnight, chief brand officer, and Jason Horowitz, global head of marketing and media. It’s striking how much brands are starting to operate more like creators. The most prominent example, of course, is Duolingo, the language learning app that uses its owl mascot Duo... Read more ›
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X CEO Linda Yaccarino told the Financial Times that users of the app would soon be able to make investments or trades on X. The move would expand owner Elon Musk’s vision of making X an “everything app,” and put it into direct competition with trading apps like Robinhood. X is already planning ... Read more ›
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President Donald Trump on Thursday signed an executive order extending the deadline for TikTok to find a new majority owner for its U.S. operations, or shut down, by another 90 days until Sept. 17, 2025. White House Press Secretary Karoline Leavitt said the administration will spend the next 90 ... Read more ›
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Eutelsat Communications said it plans to raise 1.35 Billion ($1.5 billion) in an investment round led by the French government as the company seeks to expand its satellite internet service and rival to Elon Musk’s Starlink. In a statement, Eutelsat said that the fundraising round would increase ... Read more ›
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A SpaceX Starship rocket exploded late Wednesday night while on a test stand in south Texas, sending a huge fireball and plume of smoke into the sky. On X, SpaceX said a “major anomaly” occurred with the rocket at 11 p.m. central time, but that it had established a safety perimeter around the ... Read more ›
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When DeepSeek released its high-performing open-source artificial intelligence earlier this year, Microsoft CEO Satya Nadella predicted that the price of AI models and applications would soon come under pressure. And he said that trend would prevent any one company from gaining a permanent advantage over others in selling AI to enterprises. “Buyers are smart,” Nadella said in a February podcast interview. “The open-source alternative will actually make sure that the... Read more ›
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Before we get to today’s column, my colleagues Kalley and Cory broke some important news on Wednesday: Meta Platforms is close to hiring former GitHub CEO Nat Friedman, who now moonlights as a prominent AI investor, and Daniel Gross, Friedman’s investment partner and a cofounder of Safe Superintelligence with Ilya Sutskever. In the process, Meta is partly buying out the investors’ AI-focused venture fund, which is named after them, and... Read more ›
3
For years, data labeling existed in a tucked-away corner of Silicon Valley, a critical but unglamorous area of AI where companies like Google and OpenAI hire outside firms to improve their models by laboriously grading the quality of what they produce. Now, a spotlight has unexpectedly fallen onto the field in the wake of Meta Platforms’ decision to pay $14.3 billion for 49% of Scale AI, the best-known data-labeling firm.... Read more ›
2
Before we get into this evening’s briefing, check out Kalley and Cory’s late-breaking scoop today about Meta Platforms’ latest efforts to boost its artificial intelligence efforts. We reported that the company is holding advanced talks with Nat Friedman and Daniel Gross, two prominent investors, about joining Meta. Meta is also discussing partially buying out their investment firm, NFDG, as part of the talks.Netflix continues to find fresh ways to mimic... Read more ›
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Meta Platforms is in advanced talks to hire artificial intelligence investors Nat Friedman and Daniel Gross to help lead its AI efforts, The Information reported. Meta is also in discussion to partially buy out Friedman and Gross’ venture capital fund, NFDG, which holds stakes in top AI startups ... Read more ›
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Typedef, a startup co-founded by data analytics veterans, came out of stealth today with a $5.5 million seed round led by Pear VC. The startup is developing a type of software known as a query engine which helps customers search their own databases and storage systems to get answers to ... Read more ›
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Waymo, Google’s robotaxi company, said Wednesday it will begin mapping out New York City for the first time starting Thursday. People working for Waymo will manually drive five cars around the city, collecting data to create high definition maps of roads, buildings and signage that will later be ... Read more ›
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Zoox, the Amazon-backed robotaxi company, just opened a 220,000 square foot production facility in Hayward, a suburb of San Francisco, about 15 miles from its headquarters in Foster City, Calif.. The company’s second production facility, which will be used to engineer, assemble, store and test ... Read more ›
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Meta Platforms is taking another big step to boost its artificial intelligence efforts. The company is in advanced talks to hire Nat Friedman, the former CEO of GitHub who has become a prominent AI investor, according to a person familiar with the discussions. The company is also in discussion with Daniel Gross, Friedman’s partner in the investment fund NFDG, about joining Meta to work on AI as well, the person... Read more ›
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Podcasters are a visible presence at Cannes Lions this year, joining the several hundred creators in attendance. I caught up with three of them—Jake Shane, Rachel Lindsay and Morgan Ashley Absher— at Spotify’s beachfront event, and asked them what features they’d like to see Spotify roll out next. Their answer surprised me: They want Spotify to bring back its Clubhouse competitor Greenroom, later renamed Spotify Live, so they can host... Read more ›
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Stablecoin issuer Circle surged 30% after the Senate passed legislation late Tuesday known as the Genius Act that will establish federal rules on the dollar-pegged tokens. The bill will still need approval by the House of Representatives and signature by President Donald Trump, who wants to pass ... Read more ›
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18.03.2026 11:01
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