Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, is considering going public as soon as this year, Bloomberg reported. The firm is in talks with potential advisers about a listing, the outlet reported. Last year, Gemini resolved its legal woes from its Gemini Earn lending ... Read more ›
0
The startup founded by former OpenAI chief technology officer Mira Murati has hired OpenAI co-founder John Schulman, according to people who have spoken to the startup’s representatives. Schulman, an AI researcher whose team at OpenAI was responsible for innovations that contributed to the ... Read more ›
0
Amazon’s sales grew 10% year-over-year to $187.8 billion in the fourth quarter, the company said Thursday. Operating income, meanwhile, grew 61% to $21.2 billion, in part as the company kept a lid on logistics costs. Most of Amazon’s business lines reported steady or slightly slowing growth ... Read more ›
24
The falling cost of artificial intelligence—underscored by the arrival of DeepSeek—is likely to pressure software firms to stop charging customers for ChatGPT-like features such as summarizing documents and automatically drafting emails, which are fast becoming a commodity, executives from security firm Palo Alto Networks and file storage firm Box told me. The executives didn’t name names, but they’re likely referring to companies such as Microsoft and Salesforce that have been... Read more ›
1
Google doesn’t get the accolades OpenAI, Anthropic and DeepSeek are getting in advancing artificial intelligence, but it’s arguably doing some things right.Case in point: On Wednesday, Google made a trio of new Gemini AI models generally available to app developers, including a reasoning model akin to OpenAI’s o1 and the much-discussed DeepSeek R1. The models themselves are nearly as good as those of Google’s rivals, according to the Chatbot Arena... Read more ›
6
JPMorgan Chase’s $917 million investment in a Greek fintech company has gone so wrong that the bank last year offered to sell back half of its stake at a valuation of $175 million. The fintech, Viva Wallet, didn’t take the offer. JPMorgan responded with a lawsuit that accused Viva’s founder of bullying and threatening its representatives. It demanded its full investment back, plus interest. Whoever wins this fight, the deal... Read more ›
30
Investors are warming to fintech startups after a spike in interest rates made these once-hot companies look overvalued. Mercury, a business banking startup whose profile soared after the collapse of Silicon Valley Bank nearly two years ago, is in talks to raise more capital, targeting about $250 million, according to a person with direct knowledge of the funding discussions. It has engaged in financing talks since reaching $500 million in... Read more ›
0
John Schulman, an OpenAI co-founder who joined rival Anthropic last year, has left his role at the startup, an Anthropic spokesperson said. His departure hasn’t been previously reported. While at OpenAI, Schulman was one of the company’s most high-profile technical leaders. His team was ... Read more ›
0
Lina Khan is out of the government, but she hasn’t given up her crusade against big tech. The former Federal Trade Commission chair has written an opinion piece for The New York Times suggesting the success of China’s artificial intelligence firm DeepSeek is a sign that “there isn’t enough competition” in the tech industry. Perhaps Lina Khan is living on a different planet. In the U.S., aside from ChatGPT parent... Read more ›
34
Brian Millham, president and chief operating officer at Salesforce and one of the software provider’s longest-tenured employees, is retiring in May, the company said in a securities filing. Salesforce has appointed Robin Washington, an enterprise software veteran who has served on its board of ... Read more ›
0
President Trump’s plan to set up a U.S. sovereign wealth fund, which he said could play a role in buying TikTok’s U.S. business, is generating a lot of conversation this week. But here’s why it’s unlikely to work out. First of all, it’s unclear where the money to seed such a fund would come from. Sovereign wealth funds are common in oil-rich countries like Saudi Arabia, which have budget surpluses... Read more ›
0
Google will no longer set hiring targets for employees from historically underrepresented groups, the company told employees on Wednesday, according to The Wall Street Journal. Google’s parent company, Alphabet, also removed a line from its annual report stating that the company was “committed ... Read more ›
0
Lenders to Elon Musk’s X, formerly known as Twitter, sold a total of $5.5 billion of debt on Wednesday, the Wall Street Journal reported, more than two years after Musk borrowed $13 billion to help fund his $44 billion buyout of Twitter in 2022. The debt was sold at 97 cents on the ... Read more ›
0
Uber said Wednesday revenue for the fourth quarter rose 20% to $12 billion, helped by strength in its ride hailing and delivery businesses, which both reported 18% growth in gross bookings, or total value of customer orders. But its stock dropped 7.5% Wednesday after it warned that bookings ... Read more ›
0
Hugging Face, a repository for open-source artificial intelligence, has laid off about 10 people from its sales team, according to a person with direct knowledge of the cuts. That’s around 4% of the 250-person company. The cuts impacted Hugging Face’s consulting business, “Expert Support ... Read more ›
28
Human resources software firm Workday said Wednesday it would lay off 1,750 employees, 8.5% of its workforce. Its shares rose more than 6%. In a statement, CEO Carl Eschenbach said the company would continue hiring in high-priority areas like AI product development. Workday last year launched an ... Read more ›
0
MicroStrategy, the software maker that has turned itself into one of the world’s biggest bitcoin buyers, says it’s changing its name to Strategy. The Tysons Corner, Virginia-based firm says the rebrand, which also includes changing its logo to an orange “B”, reflects its focus and broad appeal ... Read more ›
0
President Donald Trump’s weekend decision to simultaneously hike tariffs and eliminate a popular duty-free import method for direct-from-China sellers including Temu and Shein has forced e-commerce companies, logistics firms and customs authorities into triage mode to minimize disruptions. The most immediate headache is figuring out how to meet stiffer customs entry requirements now that retailers can’t use the tariff-free entry method, known as de minimis, for shipments from China. One... Read more ›
0
To understand how OpenAI has been improving the quality of its reasoning models in recent months, check out the following question the company recently asked scores of biology PhDs:“Please write a summary of wet-lab experimental approaches available before August 2024 for assessing in parallel the gene expression effects of many different variants in human non-coding regulatory DNA sequences (e.g., promoters & enhancers). For each approach, note how the gene expression... Read more ›
0
Disney’s streaming business posted another quarter of profits as the company seeks to generate $1 billion in profits for Disney+ and Hulu during its fiscal 2025. The company said its direct-to-consumer division, which encompasses Disney+ and Hulu, generated an operating income of $293 million ... Read more ›
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Most popular sources
Business Insider
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17% 8 |
Gizmodo
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13% 3 |
Slashdot
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12% 9 |
Android Authority
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9% 3 |
Tom's Hardware
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8% 1 |
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12.11.2025 06:33
Last update: 06:25 EDT.
News rating updated: 13:21.
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