SoftBank plans to buy $2 billion of Intel stock, the companies announced on Monday, just as the Trump administration is considering taking a roughly 10% stake in the beleaguered chip giant, worth around $10.5 billion. Intel shares rose 5% in after-hours trading following the SoftBank ... Read more ›
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Talk about symbolism. Foxconn chair Young Liu said today that the electronics manufacturer was selling its Lordstown, Ohio, electric vehicle factory to SoftBank, which will use it to make artificial intelligence computer servers. It’s the latest example of how AI is supplanting other newish technologies. (Notably, the Lordstown factory, which Foxconn bought in 2022 from Lordstown Motors, was originally a General Motors plant making Chevys and Pontiacs, as columnist Steve... Read more ›
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When Nvidia wanted to show off software for developing artificial intelligence at its flagship customer conference in March, it brought out a Star Wars–inspired robot that bobbed its head as Nvidia CEO Jensen Huang talked to it. “Stand right here,” said Huang, pointing to his side, and the knee-high robot waddled to the spot, receiving cheers and applause from the audience. What Huang didn’t say was that “a puppeteer behind... Read more ›
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Google is increasing its stake in TeraWulf, a bitcoin miner that is pivoting to artificial intelligence data centers. Google had already agreed to help finance a TeraWulf data center in New York as a “backstop.” TeraWulf said Monday that cloud computing startup Fluidstack agreed to run the ... Read more ›
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The Trump administration is considering taking a roughly 10% stake in Intel, a move that could make the US government the troubled chipmaker’s largest shareholder, Bloomberg reported Monday. A 10% stake would be worth about $10.5 billion at Intel’s current market value. The potential deal could ... Read more ›
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BNY and Goldman Sachs are aiming to manage reserve assets for stablecoin issuers, the latest move by banks to serve the sector following the passage last month of U.S. stablecoin legislation. BNY filed on Monday seeking SEC approval to launch a fund, called “BNY Dreyfus Stablecoin Reserve Funds, ... Read more ›
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The MSNBC cable news channel will change its name to MS NOW later this year, following Comcast’s planned spinoff of most of its cable TV networks into a new company called Versant. MS NOW is an acronym for “My Source News Opinion World,” the company said in its announcement. MSNBC was formed in ... Read more ›
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Software-focused buyout firm Thoma Bravo is in talks to buy HR software provider Dayforce, Bloomberg reported Sunday. Shares of Dayforce jumped 26% on the news. Dayforce stock has tumbled for more than 25% over the past 6 months and had a market value of about $8.4 billion before Bloomberg ... Read more ›
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Chinese developers of artificial intelligence software have already pulled ahead in domains like open-source and video generation. Now, one such developer is trying their hand at making AI models that can generate realistic worlds that users can explore, like immersive video games.ByteDance, TikTok’s parent company, is developing such an AI, according to four people with knowledge of the matter. The Chinese tech giant is following the footsteps of Google and... Read more ›
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For nearly 25 years, Tracey Shelley, an online merchant who sells products like Olay moisturizer, Coppertone sunscreen and Dr. Squatch deodorant, operated mainly on Amazon’s marketplace. But in the past few years, Shelley said she shifted nearly half her business to Walmart, as the retailer lobbied online sellers to sell on its site. In its effort to compete with Amazon, Walmart pitched lower fees and more straightforward policies, she said.... Read more ›
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The very final part of America’s trade deal with the European Union has been delayed by the EU’s desire to continue forcing tech companies to more actively police their sites. The US and the EU had already been expected to release a statement with the terms they reached last month, but ... Read more ›
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Until last year, things looked pretty good for Northvolt, a Sweden-based battery startup that Europeans saw as their answer to Tesla. The company had vacuumed up $13 billion in capital from largely blue-chip investors and taken $55 billion in battery orders from major carmakers like BMW, Volkswagen and Volvo. Northvolt executives spoke of going public at a valuation of $20 billion. The collapse of the 5,000-person company came quickly, amounting... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Foreign researchers weigh AI riches against immigration worries • The Arena: Why David Ellison will want more streaming punch for Paramount• Plus, our Recommendations: “Buzz: The Man & The Moon,” “An Oral History of Atlantis” and “The Gilded Age.” Soon, the greatest challenge in artificial intelligence may not involve making an AI smarter. Rather, it’ll be the difficult choice of choosing a... Read more ›
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It didn’t take long for David Ellison, the fresh-faced millennial owner and CEO of Paramount Skydance, to make a statement. Just five days after the merger between Paramount and Skydance closed, the scion of Oracle’s Larry Ellison reached into his deep pockets to acquire seven years of broadcast rights to UFC mixed-martial arts matches for $7.7 billion. With a single pen stroke, the sports rights deal accomplished two significant feats... Read more ›
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Activist investor Starboard Value increased its stake in Salesforce by almost 50% during the second quarter of the year, according to a filing. It’s a sign that Salesforce could face renewed pressure to make changes to its business, three years after Starboard and other activist investors ... Read more ›
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Current and former OpenAI employees plan to sell around $6 billion worth of shares at a $500 billion valuation, Bloomberg reported. Thrive Capital, SoftBank Group Corp, and Dragoneer Investment Group are among the investment firms expected to buy the shares. The secondary sale, which is ... Read more ›
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Vercel, a nine-year-old San Francisco cloud startup, has received unsolicited offers from investors to put hundreds of millions of dollars into the company at a valuation between $8 billion and $9 billion, according to a person with direct knowledge. The new funding would nearly triple Vercel’s ... Read more ›
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Carrie Wheeler isn’t one of tech’s big names, but she may go down in history as the latest victim of an online mob. The CEO of home-buying firm Opendoor stepped down Friday after weeks of relentless attacks on her on X, including from investor Eric Jackson and venture capitalist Keith Rabois, a co-founder and onetime executive chair of Opendoor. Whoever succeeds Wheeler had better wear a bulletproof vest.Opendoor occupied a... Read more ›
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Meta Platforms is planning the fourth restructuring of its artificial intelligence efforts in six months, according to three people familiar with the matter. Meta’s new AI organization, Meta Superintelligence Labs, is expected to be divided into four groups: a new lab that has been going by TBD Lab, short for to be determined; a team focused on products that include the Meta AI assistant; a team focused on infrastructure; and... Read more ›
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Lyft, the no.2 ridehailing firm, on Friday dissolved its dual-class shareholding structure, eliminating a class of stock that had 20 votes each, so that all shareholders will now have one vote per share. Lyft’s move, disclosed in a securities filing, came the day after Lyft’s two cofounders and ... Read more ›
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13.05.2026 22:06
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