The Ministry of Commerce in China for the first time addressed Trump’s proposal that TikTok should be 50% owned by the U.S., urging the U.S. to provide “a fair and just business environment” for companies from around the world including China. “We hope that the U.S. side will listen more to the ... Read more ›
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A top technology banker at Morgan Stanley is in talks to take up a job in the Trump administration, The Wall Street Journal reported. Michael Grimes, who has been at Morgan Stanley for three decades, has worked on initial public offerings of numerous tech companies including Google, ... Read more ›
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Google is investing more than $1 billion in Anthropic, The Financial Times reported on Wednesday. Already, Anthropic has raised $8 billion from Amazon, and Google committed $2 billion to Anthropic in 2023. Separately, Anthropic is in discussions with investors led by Lightspeed Venture Partners ... Read more ›
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Ron Conway’s SV Angel, known for early checks into Airbnb, Pinterest and Meta Platforms, has raised $330 million for its second growth fund, according to a securities filing. The financing comes two years after SV Angel raised its debut growth-stage fund, a $270 million vehicle, and expanded its ... Read more ›
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The term “bottomless pit of need” usually refers to an insecure person, but it could also apply to artificial intelligence startups, with their insatiable appetite for cash. Take Anthropic, one of OpenAI’s biggest rivals, which the Financial Times reported on Wednesday was raising $1 billion from Google. Just two weeks ago, we reported Anthropic was raising $2 billion from venture investors, and in November Amazon pumped $4 billion into the... Read more ›
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Together AI, a two-year-old startup that rents out servers with Nvidia chips to AI developers, recently raised at least $200 million at a valuation of more than $3 billion, according to two people familiar with the funding discussions. General Catalyst has discussed leading the investment, ... Read more ›
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OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund a joint venture to develop data centers for artificial intelligence in the U.S., OpenAI CEO Sam Altman told some colleagues Wednesday. The ChatGPT developer would effectively hold a 40% interest in the venture, Stargate, and it would act as a kind of extension of OpenAI, he said. Stargate stems from Altman’s longtime concern about his company’s access to... Read more ›
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It’s been a whirlwind 24 hours of headlines pointing to a possible deal for TikTok, which could save it permanently from a U.S. ban. The big question is whether any of these overtures will pass muster with China’s government, which will likely have the final word on a sale. It’s not clear that TikTok’s Chinese parent ByteDance is even entertaining any of these deals. To recap, Bill Ford, the CEO... Read more ›
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Microsoft executive vice president Chris Young, who oversaw the company’s deals and investments, resigned on Wednesday, Microsoft said in a filing. As the head of business development, Young ran a team of several hundred employees tasked with overseeing Microsoft’s deals with OpenAI and other ... Read more ›
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OpenAI’s artificial intelligence for writing software code has fueled a multibillion-dollar revenue business, with human programmers using the company’s ChatGPT as a coding helper. Now the company is working on AI to help senior software engineers handle more complex programming tasks, a key step in the company’s attempt to develop artificial general intelligence that outperforms people at most economically valuable work, according to three people who spoke to OpenAI leaders... Read more ›
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TikTok got a second life after President Donald Trump extended the deadline for the app to find a U.S. buyer by another 75 days. But its future remains far from clear, given questions about whether Trump, ByteDance and the Chinese government will eventually agree on a deal. And that means rivals, creators and advertisers will be in limbo for a while. “I just think there’s going to be uncertainty around... Read more ›
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Reddit and Snap, taking advantage of uncertainty about TikTok’s future, are offering discounts to advertisers who spend more on their apps. Snap for instance is offering 20% back in free ad spend to advertisers, three media buyers said, for brands that spend more than $100,000, two added. ... Read more ›
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OpenAI is preparing to release a new ChatGPT feature this week that will automate complex tasks typically done through the Web browser, such as making restaurant reservations or planning trips, according to a person with direct knowledge of the plans. The feature, called “Operator,” ... Read more ›
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Oracle’s founder and chief technology officer, Larry Ellison, is in the center of tech action more than at any time in the past 30 years, thanks to the company’s role in artificial intelligence and TikTok. But it’s not clear that Oracle has the resources to stay in the game. Even before Tuesday’s announcement by President Donald Trump that Oracle would participate in a $500 billion AI data center venture, Oracle’s... Read more ›
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Ten months ago, we broke the story that OpenAI and Microsoft were discussing “Stargate,” an unprecedented $100 billion data center supercomputer to take artificial intelligence to new heights. On Tuesday, Stargate finally became official—but largely without Microsoft.At the White House on Tuesday, the leaders of OpenAI, Oracle and SoftBank said they’d formed a joint venture to initially spend $100 billion developing data centers for artificial intelligence in the U.S., with... Read more ›
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Investor frenzy for artificial intelligence startups, which made up a third of global venture spending last year, shows no signs of slowing down—particularly when young startups have rapid revenue growth. One of the latest to nail a big jump in valuation is Together AI. The two-year-old startup, which rents out servers to AI developers and provides software to train and run open-source models, recently raised at least $200 million at... Read more ›
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Bill Ford, the CEO of ByteDance shareholder General Atlantic, said he expected a deal to help TikTok avoid a ban would get done, Axios reported. Ford was speaking from Davos, according to Axios, which quoted him saying: “We’ll get on with it, as soon as maybe the end of the week ... Read more ›
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Google employees provided access to the company’s artificial intelligence directly to Israel’s Ministry of Defense and the Israel Defense Forces, The Washington Post reported on Tuesday. Google’s relationship with Israel, under the Project Nimbus cloud computing contract that has also been ... Read more ›
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Oracle founder and chairman Larry Ellison is suddenly the tech executive in the center of the action. Not only did Oracle bring back TikTok on Sunday, the aging tech firm also got a headline role, along with SoftBank and OpenAI, in President Donald Trump’s Tuesday announcement of an artificial intelligence data center project that will cost up to $500 billion over the next four years. Trump’s admiration for Ellison was... Read more ›
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President Donald Trump said he would be open to Tesla CEO Elon Musk and Oracle co-founder and CTO Larry Ellison buying TikTok, which is facing a ban in the U.S. if it doesn’t separate itself from its Chinese parent ByteDance. “I’d like Larry to buy it, too,” Trump said, noting that he had met ... Read more ›
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Business Insider
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21% 6 |
Slashdot
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13% 10 |
Gizmodo
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9% 0 |
Eurogamer.net
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8% 4 |
Tom's Hardware
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7% 1 |
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12.11.2025 14:48
Last update: 14:41 EDT.
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