Bullish, a Peter Thiel-backed crypto exchange and owner of news outlet CoinDesk, is seeking to raise as much as $629.3 million in its U.S. IPO. The Cayman Islands-based company is planning to offer 20.3 million shares at $28 to $31 per share, it said in an amended filing on Monday. It has ... Read more ›
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Amazon is closing its Wondery podcast studio, nearly five years after buying it, Bloomberg reported, in a sign that Amazon is backtracking after a push into podcasting. Amazon bought Wondery in 2021, as part of an expansion into podcasting that followed a similar effort by Spotify. Amazon ... Read more ›
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One reason why reinforcement learning—a technique for improving AI models—has become so popular is because researchers can quickly scale it up by using AI to automate writing lots of examples of questions and answers in tough domains like biology, software programming and medicine. RL works best when researchers can quickly verify whether an AI-generated answer is correct or not. But what about domains where the correctness of an answer is... Read more ›
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Before the White House released its AI Action Plan in July, people involved with drafting the document weighed whether to include recommendations that could have impacted the contentious relationship between artificial intelligence companies and copyright holders. Publishers, authors, film and music companies have filed more than 40 lawsuits in the past few years, arguing that AI firms have infringed on their copyrights by using their data without permission to train... Read more ›
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Tesla’s board said Monday that it had approved a stock award for CEO Elon Musk valued at $23.7 billion. Musk will be able to claim the award in two years, unless the company wins a court battle to reinstate a larger previous pay package from 2018 that a Delaware court has overturned, the board ... Read more ›
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OpenAI is nearing the release of its next flagship model, GPT-5, but the path to its development reveals technical challenges and a slowing of the exponential progress that has defined the artificial intelligence industry, The Information reported. While GPT-5 is expected to deliver tangible ... Read more ›
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Amazon and Meta Platforms both said in securities filings last week that they expect their U.S. taxes to drop as a result of President Trump’s tax act, which restores companies’ right to accelerate their deductions for depreciation on certain property and to immediately expense research and ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Microplastics are Silicon Valley’s new big worry• Media: Beehiiv, the next billion-dollar newsletter startup?• Plus, our Recommendations: “Camp Shame,” “Algospeak” and “KPop Demon Hunters”Leave it to Las Vegas to stir up tensions between Hollywood and Silicon Valley. The Sphere, the orblike amphitheater owned by billionaire James Dolan, will stage a showing of “The Wizard of Oz” over Labor Day weekend, presenting the... Read more ›
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Last August, when CNN’s Oliver Darcy decided he wanted to leave the network and launch Status, an email newsletter focused on the media industry, he cast about for a platform that would allow him to customize the look and feel of his new venture so it didn’t resemble every other media newsletter. There was Substack, the leader in the newsletter industry, which boasted writers like Matthew Yglesias, Matt Taibbi and... Read more ›
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Anthropic cut off OpenAI’s access to Claude through Anthropic’s application programming interface on Friday. The company said the move was because OpenAI was “using our coding tools ahead of the launch of GPT-5,” in violation of Anthropic’s terms of services, which prohibit using Anthropic’s AI ... Read more ›
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Apple held a rare companywide all hands meeting on Friday to discuss the company’s investments in artificial intelligence and other topics. CEO Tim Cook struck a confident tone about Apple’s future in AI, telling employees that Apple has exciting plans that he couldn’t discuss, according to a ... Read more ›
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Don’t count out Amazon. This was not the commerce cloud giant’s week, to be sure. When it comes to the great artificial intelligence cloud race, which now overwhelms all else in tech, Microsoft and Google appear to be ahead. Both companies posted accelerating growth in their cloud units for the June quarter, unlike Amazon. But one element is widely missing from the discussion: how a long-term shift in big tech’s... Read more ›
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OpenAI has secured $8.3 billion of new commitments from investors such as hedge funds Dragoneer, Altimeter Capital and D1 Capital Partners, exceeding its earlier goal of $7.5 billion, according to a person with knowledge of the fundraise, confirming earlier reporting from The Information about ... Read more ›
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Tesla was partially to blame for a fatal crash involving its self-driving software, a federal court jury in Florida found on Friday, according to several news reports from the courtroom. Tesla will have to pay $200 million in punitive damages as well as a third of an additional $139 million in ... Read more ›
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OpenAI made waves across the industry in December when it published the results from its tests of artificial intelligence that performs better on tasks when it gets more time and computing power to process them. The results implied ChatGPT customers were about to be blown away by what the new AI could do. But the euphoria was short-lived. When OpenAI researchers turned the new AI into a chat-based version called... Read more ›
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Nvidia and Alphabet’s growth investing arm CapitalG are in talks to invest in Vast Data, a cloud storage and database provider whose flash storage-based products are gaining traction with AI firms, at a valuation as high as $30 billion, Reuters reported. The interest in Vast Data, which was ... Read more ›
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Vast Data, an AI software and storage startup, is in talks to raise billions in funding from Nvidia and Alphabet’s growth-stage venture arm CapitalG, Reuters reported. The new funding round could value the startup as high as $30 billion, a significant step up from its valuation of $9 ... Read more ›
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Lee Jacobs, co-founder of Long Journey Ventures, thought he had seen it all among his friends and acquaintances in Silicon Valley: the continuous glucose monitors, the cortisol tests, the frequent bloodwork to monitor hundreds of biomarkers and maximize longevity. Recently, another wellness obsession took him by surprise. “I didn’t know the level of how many people are taking pictures of their poop,” he said. As it turns out, they were... Read more ›
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Chinese artificial intelligence model developer Zhipu AI, whose progress has attracted Washington’s scrutiny and caught OpenAI’s attention, expects its revenue to increase as much as fourfold this year from a modest $42 million in 2024, the Beijing-based startup’s CEO, Zhang Peng, said in an interview this week. Zhang’s bullish 2025 growth forecast reflects the acceleration of China’s domestic AI usage this year. That’s partly due to DeepSeek’s release of its... Read more ›
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This year’s torrid deal-making pace is definitely not taking a pause for summer. On Wednesday, I reported that OpenAI is months ahead of schedule in raising money for its $40 billion megaround. Investors are pouring in money at a moment when OpenAI is generating $12 billion in annualized revenue and hitting 700 million weekly active users for its ChatGPT products, including both consumers and business customers. Investors are also keen... Read more ›
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17.05.2026 00:25
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