U.K.-based cloud provider Nscale, whose announced customers include OpenAI and Microsoft, is in negotiations to acquire a massive AI data center site in West Virginia, The Information reported. Amazon, Meta and a cloud ally of Google have also expressed interest in the site. The site is ... Read more ›
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The U.S. and China on Monday agreed to suspend most tariffs on each other for 90 days, sending stocks higher on hopes for easing trade tensions between the two superpowers. The U.S. will cut its tariffs to 30% from 145% and China will cut its duties to 10% from 125% for the 90-day period, while ... Read more ›
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The Tiger Global Management megafund that made more than 200 investments during the peak of the pandemic-era startup boom was still in the red at the end of 2024, thanks to write-downs on a majority of its investments. But the spike in valuations of OpenAI and other artificial intelligence investments is softening the blow for the $12.7 billion fund, famous for both its size and the speed with which it... Read more ›
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Klarna, the Swedish buy-now pay-later fintech firm, is pulling back on AI as a replace for customer service staff. In an interview with Bloomberg, CEO Sebastian Siemiatkowski said Klarna’s emphasis on cost control had led to “lower quality.” Siemiatkowski said that Klarna’s customers had to ... Read more ›
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For a town with a population of just over 1,000, a Bible college and a quaint main street, there’s an unusual amount of bustle in Ellendale, N.D. A housing project with 20 homes is going up, along with a 38-unit apartment complex. Even a new pickleball court just opened. All of the developments are meant to support an anticipated influx of people to help operate a 300,000-square-foot data center that... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Tech’s worries about privacy concerns are disappearing • The Top 5: The landscape designers who make Silicon Valley’s gardens bloom • Plus, our Recommendations: Life after “Conclave”; an original manosphere king; and crime up in the canyonsFor the wealthy and powerful who want to change the world, Bill Gates has long been a North Star. His Gates Foundation and his efforts to... Read more ›
1
Land is scarce in the Bay Area, which makes a well-designed outdoor space at a Marin cottage or Atherton manse a tremendous status symbol. The perfect allée of heritage olive trees or the right mise-en-scène of native grasses does more than elevate a property’s curb appeal—it telegraphs panache, access and a deep understanding of how design impacts day-to-day life. But should a status symbol garden go full-on with native plants... Read more ›
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Google has settled a data privacy lawsuit with the state of Texas with a payment of $1.375 billion, the state’s attorney-general, Ken Paxton, announced on Friday. Paxton said Texas had sued Google in 2022 for “for unlawfully tracking and collecting users’ private data regarding geolocation ... Read more ›
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The U.S. Treasury Department is reviewing Silicon Valley venture capital firm Benchmark’s recent investment in the Chinese startup behind the hit artificial intelligence agent Manus, Semafor reported. The department is looking into whether the deal is subject to U.S. rules for investments in ... Read more ›
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This summer is likely to be a bit of a tense time at Google’s Mountain View, Calif., headquarters. The company is awaiting a judge’s ruling on what shackles to put on the company’s search business to curb its monopoly, which the court previously ruled was illegal. A three-week trial deciding on those shackles wrapped up on Friday in a Washington courtroom, and the judge is expected to issue his final... Read more ›
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Investors have reaped billions of dollars in gains from backing database software firms Snowflake and Databricks. Now venture capitalists are circling ClickHouse, a startup some investors believe could rival the incumbents, particularly as the rise of artificial intelligence increases demand for its database software. The startup is in talks to raise at a $6 billion valuation, triple that of four years ago, according to two people with knowledge of the... Read more ›
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OpenAI CEO Sam Altman’s surprise decision to hand over much of his company’s business to Instacart CEO Fidji Simo sets up a key partnership that will be closely watched as one of the world’s fastest-growing technology companies looks to extend its lead in artificial intelligence. For her part, Simo will have to wring more revenue from and improve the profit margins of its blockbuster AI chatbot, moving far beyond its... Read more ›
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Fidji Simo, the chief executive of Instacart and newly-appointed CEO of Applications at OpenAI, will step down from her position on OpenAI’s board of directors, a company spokesperson confirmed. Simo was appointed to the executive position at the ChatGPT-maker this week, as CEO Sam Altman ... Read more ›
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A vibe coding vibe check, the M&A uptick and VC goes retail on this week’s More or Less. Apple Spotify YouTube Read more ›
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Rippling has raised $450 million in a round valuing the payroll company at $16.8 billion including the investment, bringing in new investors Goldman Sachs, Singaporean sovereign wealth fund GIC and Sands Capital, the company announced on Friday. The Series G financing boosted Rippling’s ... Read more ›
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President Donald Trump said in a social media post Friday that an 80% tariff on imports from China “seems right,” signaling his support for a sharp reduction from the current 145%. Trump’s remark comes ahead of closely watched trade talks between the U.S. and China this weekend. Last month, ... Read more ›
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The rise of new artificial intelligence–powered business software threatens the future of long-established software firms. Their response is to jump into new markets with their own AI-powered software. That’s pitting companies against each other in new ways. ServiceNow earlier this week announced an AI agent to handle sales management, pitting it directly against Salesforce, which does a big business in selling software for that category. On the same day, Salesforce... Read more ›
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Lawyers for Elon Musk asked the court overseeing his breach of charitable trust lawsuit against OpenAI to throw out the ChatGPT maker’s countersuit, which alleged that Musk had engaged in unfair competition and “tortious interference” by making an unsolicited bid to buy OpenAI and asking state ... Read more ›
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Lyft revenue rose 14% in the first quarter to $1.5 billion, as more people used the ride-hailing app. Still, that was slower than the 27% growth in the fourth quarter and 28% growth in the year ago first quarter. The San Francisco company also said it planned to buy back $750 million in its ... Read more ›
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Artificial intelligence scientists and researchers, make room. You’re about to get an influx of new colleagues from the world of advertising and marketing, as the headlong race for AI dominance moves into a new, more commercial, phase. Exhibit A: As we scooped today, veteran marketing executive Mark D’Arcy, who spent a decade at Meta Platforms helping ad clients figure out ad campaigns to run on its apps, has joined Microsoft... Read more ›
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OpenAI CEO Sam Altman on Thursday told a U.S. Senate committee that the U.S. government doesn’t need to set standards for how AI should be developed, Politico reported. The comments appear to diverge from Senate testimony two years ago in which he said the government should pass legislation and ... Read more ›
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19.03.2026 03:36
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