Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khamenei’s death, Kalshi said it couldn’t pay out any ... Read more ›
0
Anthropic expects to pay Amazon, Google and Microsoft at least $80 billion to run its Claude AI on their cloud servers through 2029, according to the startup’s most optimistic recent forecasts. That’s not the only way the tech giants can make money from Anthropic: They get a cut of the revenue Anthropic generates if their customers buy its AI. And that’s a fast-growing source of revenue. Anthropic paid only about... Read more ›
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In case you missed it on Friday, we broke the news that Anduril is in talks to double its valuation to around $60 billion in a new funding round.The round is notable for more than just its price. While Anduril technically has both A and I in its name, it’s not the AI-centric type of startup that typically gets all the investor attention in this current cycle. But it shows... Read more ›
0
Atlassian, which sells software that developers and other teams inside companies use to track projects, has frozen hiring for engineers and similar roles, the Australian Financial Review reported. The hiring freeze comes amid a broad selloff in enterprise software stocks driven by fears that ... Read more ›
2
Meta Platforms and Nvidia on Tuesday announced a multi-year strategic partnership, in which Meta will use millions of Nvidia chips across its own data centers and through cloud providers. Terms of the deal were not disclosed. Meta, a longtime Nvidia customer, already puts Nvidia GPUs in its own ... Read more ›
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ServiceNow CEO Bill McDermott and other senior executives from the software provider have agreed to cancel pre-scheduled stock sales, and McDermott plans to purchase $3 million in ServiceNow stock later this month, according to a regulatory filing. The moves could reassure investors that ... Read more ›
2
Gemini Space Station, the crypto exchange co-founded by Cameron and Tyler Winklevoss, said Tuesday that three of its senior executives were leaving the company. The departures follow a steep decline in its stock from its September IPO. Chief operating officer Marshall Beard, chief financial ... Read more ›
2
Benchmark on Tuesday said it had hired Jack Altman, the founder of early-stage firm Alt Capital and HR software company Lattice, as its fifth general partner. Benchmark—known for backing Uber and Snap in its early years—has kept its fund sizes relatively small and continued to operate as an ... Read more ›
0
Brokerage stocks were among the latest stocks to sell off last week on fears artificial intelligence would replace the financial institutions’ role as investment advisers. While those worries may be overblown, it’s easy to see why traders are skittish. Take the case of IDX Advisors, a Scottsdale, Ariz.-based asset management firm with around 10 employees. IDX previously used financial analytics and forecasting applications from Morningstar and FactSet as part of... Read more ›
0
Palo Alto Networks on Tuesday announced plans to acquire Israeli cybersecurity startup Koi, a deal meant to strengthen Palo Alto’s cybersecurity tools amid new threats posed by the advancement of agentic AI. Palo Alto didn’t give a price but Calcalist reported the company is paying $400 million. ... Read more ›
2
Thrive Capital said it has raised $10 billion in new funds, including $1 billion for early stage investments and $9 billion for growth stage. The New York-based firm is referring to these funds as “Thrive X,” double the $5 billion Thrive closed in August 2024, for its funds labeled “Thrive IX.” ... Read more ›
9
U.S. AI firms such as OpenAI and Anthropic haven’t yet turned a profit but they’re trying to get on the path to doing so. In China, the big tech firms behind AI chatbots are fighting a different battle.Chinese tech firms are competing so intensely to draw people to use their AI chatbots that they’re spending this week’s Lunar New Year holidays giving away free stuff, or cash, as an incentive.... Read more ›
3
Activist investor Starboard Value said it would nominate a new slate of directors to the board of Tripadvisor, arguing that the travel booking and review site hasn’t moved quickly enough to address the threat posed by AI chatbots and incorporate more generative AI into its site and app. ... Read more ›
0
For the past three years, Pinterest CEO Bill Ready appeared to have secured a second chance for the scrapbooking app to prove itself to Wall Street. All that evaporated on Thursday night, when weaker fourth-quarter ad revenue prompted a sell-off that drove shares down 17% to their lowest level since April 2020. Even before the earnings report came out, Ready was racing to revive the company’s slowing ad business while... Read more ›
2
We could see a brief shift away from obsessive AI talk this week. On Wednesday, Meta Platforms CEO Mark Zuckerberg is due to testify in the Los Angeles trial hearing a lawsuit filed by a young California woman against big tech firms, namely Google and Meta. The woman claims her social media addiction led to depression and suicidal thoughts, as we described here. Last week, one of Zuckerberg’s lieutenants, Instagram... Read more ›
2
SpaceX and its AI unit xAI are entering a Pentagon competition to develop autonomous drone technology, part of a Defense Department effort to advance voice-controlled unmanned systems. Bloomberg reported that SpaceX is one of a small number of companies picked to compete in a challenge launched ... Read more ›
0
Apple has invited media to attend events in New York, London and Shanghai on March 5. The company didn’t provide any details in the invitations, describing the events simply as “experiences.” Apple’s decision to hold the events away from its headquarters in Cupertino, Calif., suggests that they ... Read more ›
0
Charlie Berens is a Wisconsin comedian beloved for wickedly funny, and until recently apolitical, satires of “Midwest Nice” culture. He’s now become Public Enemy No. 1 to data center developers and AI model makers. Berens is on a crusade to block data centers, making at times unfounded claims to his social media audience of over 10 million that tech companies have no intention of paying their fair share for power... Read more ›
1
Four years ago, right around the time the concept of the metaverse became fashionable, I wrote a post calling it a “dystopian nightmare.” I argued that instead of diving into virtual worlds, we should all do more to connect with the real world around us. Time will tell if the metaverse will eventually come to fruition, but with global business and leisure travel, as well as live event attendance, blowing... Read more ›
2
Alibaba Group on Monday unveiled Qwen3.5, the new generation of its large language models, adding to the recent flood of new AI model releases from Chinese companies ahead of the Lunar New Year, China’s biggest holiday. Alibaba, a major global competitor in open-source AI models, said ... Read more ›
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ByteDance has released its new generation of large language models, Doubao Seed 2.0, as the Chinese tech giant tries to compete at the highest level with U.S. rivals in all types of AI models, from LLMs to video. ByteDance, which owns TikTok, said Seed 2.0’s strong understanding of visual data ... Read more ›
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14.03.2026 08:05
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