When President Donald Trump announced a $500 billion plan for data centers to power artificial intelligence last Tuesday, one of the men standing to his left was already getting ready to write the checks. SoftBank CEO Masayoshi Son was already making plans to put a total of about $40 billion into the Stargate data center project as well as the company that is Stargate’s driving force, artificial intelligence startup OpenAI,... Read more ›
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President Donald Trump said Monday that he plans to impose import tariffs on specific sectors including semiconductors and pharmaceuticals “in the very near future.” Trump, who was speaking at a congressional Republican retreat in Miami, said he wants to bring the production of ... Read more ›
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Workers at a Whole Foods Market store in Pennsylvania voted to unionize on Monday, according to the National Labor Relations Board, the latest development in a flurry of labor organizing at Amazon. Employees of the store in Philadelphia’s Spring Garden neighborhood voted 130-to-100 in favor of ... Read more ›
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AI search startup Perplexity, which began offering access to the Chinese AI model DeepSeek R1 earlier Monday, has now removed its content moderation features. This means Perplexity users can get answers on topics like the 1989 Tiananmen Square protests, which the original DeepSeek model won’t ... Read more ›
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Talk about a jittery market! Shares of some tech firms exposed to artificial intelligence tumbled today, prompted by new evidence that China’s DeepSeek is giving AI folks in the U.S. a run for their money. Nvidia and Broadcom each fell 17%, while Alphabet dropped 4% and Microsoft 2%. Oh, and let’s not forget Oracle, a small player in the cloud business, whose shares fell 14%. But the tech sell-off was... Read more ›
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Amazon has tapped Whole Foods CEO Jason Buechel to lead its entire grocery business, the company said Monday. Buechel is taking on more responsibilities after the departure of his former boss Tony Hoggett, who led Amazon’s global grocery business before he left for the food delivery startup ... Read more ›
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Shares in Nvidia, Broadcom and Marvell and other U.S. firms that design artificial intelligence server chips each fell more than 17% Monday following the release of AI from a Chinese quant fund, which prompted some observers to speculate that demand for specialized AI chips might drop. ... Read more ›
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Before we get to our main item, I’d recommend you read yesterday’s scoop about Meta Platforms and other American developers reacting to the threat posed by DeepSeek, the hottest new artificial intelligence model (and consumer mobile app!) that has been sweeping the industry.On to the news…Last week I was at one of the largest data center conferences in the world, the Pacific Telecommunications Council conference in Hawaii, where the elephant... Read more ›
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Late last summer, leaders at Character.AI were worried: The company—which offers artificial intelligence chatbots that simulate conversations with Aristotle, Pikachu and other historic or invented characters—was seeing a sharp slowdown in user growth. In September messages to staff, which The Information viewed, Character’s interim CEO, Dominic Perella, said the slowdown was partly due to the back-to-school season. Perella’s acknowledgment underscored the fact that a significant portion of Character’s audi Read more ›
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HongShan Capital Group, formerly known as Sequoia Capital China, said it agreed to acquire a majority stake in Marshall Group in a deal that values the European audio equipment maker at 1.1 billion euros ($1.15 billion). The deal is HongShan’s largest-ever investment in Europe, the Chinese ... Read more ›
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Artificial intelligence researchers at Meta Platforms have been in panic mode. In recent days, leaders of some of the company’s AI teams openly worried that new conversational AI made by a Chinese hedge fund meant Meta was falling behind in the AI race. Leaders including AI infrastructure director Mathew Oldham have said they are concerned that the next version of Meta’s flagship AI, Llama, won’t perform as well as the... Read more ›
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President Donald Trump said Saturday that he is in talks with many people about buying TikTok and will likely make a decision on the video app’s future in 30 days, Reuters reported. Trump made those remarks while talking to reporters on Air Force One during a flight to Florida, according to ... Read more ›
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The White House may let TikTok stay in America by allowing Oracle and a group of investors that could include Microsoft to assume control of the app, NPR reports. While Oracle and the investors would “effectively take control of the app’s global operations,” TikTok’s Chinese parent company, ... Read more ›
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Meta Platforms has started testing advertisements on its text app Threads, the company announced Friday. The plan to bring ads to Threads, which was first reported by The Information in November, shows how Meta intends to make money from the app, which was launched in 2023 as a rival to X. ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: How Poppi hopes to win the battle of the bubbles • Space Inc.: What India’s space odyssey could look like • Plus, our Recommendations: An explanation for our problematic shopping; a master novelist’s slim oeuvre; and a movie podcast for the nerdiest film nerdsThe most powerful and well-connected people in crypto seem to think they’ve entered a period of enormous prosperity, if... Read more ›
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Back in November, Awais Ahmed, dressed all in black from his glasses to his trousers, paused for a moment outside his startup’s Bangalore laboratory to peer through a glass window at a stout contraption: a 2.5-foot-tall satellite partially covered in gold foil. A giant eye stared back at him. Mounted atop the satellite was a hyperspectral camera, containing a superpowered lens that would eventually capture a picture of the Earth... Read more ›
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What a week! President Donald Trump had promised a slew of executive orders once he took office, and the tech and finance industry executives who threw their support behind him expected several would address their long-held beefs with Biden administration policies.Trump delivered on the deluge. The crypto industry got almost everything it wanted, including a directive to ensure crypto companies would have access to banking services. Another order revoked the... Read more ›
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Meta Platforms on Friday said projected capital expenditures would rise around 60% this year to between $60 billion and $65 billion as the company develops more data centers for artificial intelligence, according to a Facebook post from CEO Mark Zuckerberg. The company had projected to spend ... Read more ›
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The Securities and Exchange Commission rescinded a Biden-era crypto accounting guidance that banks said have curbed their ability to provide custody of crypto assets. The earlier guidance—staff accounting bulletin No.121—directed public companies to record clients’ crypto assets as a liability ... Read more ›
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On this week's More or Less: Silicon Valley goes to Trump's inauguration and the truth behind Stargate. Apple Spotify YouTube Episode Transcript Read more ›
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12.11.2025 12:29
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