Goldman Sachs has hired Josh Li from Citigroup as a managing director focusing on technology equity capital markets, according to people familiar with the matter. Li will join Goldman Sachs after a period of leave, according to the people. Li was most recently Citi’s head of technology and ... Read more ›
0
Apple is delaying the release of next year’s version of the iPhone Air, its thinnest smartphone, after the first model sold below expectations, according to three people involved in the project. Although the length of the delay remains uncertain, the product won’t be released in fall 2026 as previously planned, they said. Apple has already sharply scaled back production of the first version, according to multiple people with direct knowledge... Read more ›
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Tesla shareholders were heavily divided over a proposal that the electric automaker invest in CEO Elon Musk’s artificial intelligence company, xAI, according to company disclosures following its annual meeting. Shareholders controlling approximately 1.1 billion Tesla shares voted in favor of a ... Read more ›
2
Two longtime vehicle manufacturing leaders at Tesla said separately on Sunday that they’re leaving the company. One of the executives, Siddhant Awasthi, worked as program manager for Cybertruck and oversaw the production ramp of the electric truck. Awasthi, an eight year Tesla veteran, also ... Read more ›
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Chinese companies are launching open-source AI models built to power coding assistants as cheaper alternatives to those available from OpenAI, Anthropic and Google. Late last month, Shanghai-based AI startup MiniMax launched M2, a new open-source large language model developed primarily for coding and AI agents. In a post on X, MiniMax noted that the price of M2 is just 8% of that of Anthropic’s Claude Sonnet model. (M2 costs $1.20... Read more ›
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As OpenAI and Anthropic seek to make similar breakthroughs in artificial intelligence, their financial paths may be headed in different directions. Both companies produced financial projections a few months ago that show a divergence in how much they plan to spend on computational resources, which make up the vast majority of their costs. While OpenAI projected spending about $235 billion on costs to train and run its AI models this... Read more ›
5
Grab Holdings, the biggest ride-hailing and food delivery company in Southeast Asia, said Monday that it has agreed to invest in Vay Technology, a Germany-based startup developing technology that allows remote drivers to control electric vehicles from afar. Singapore-based Grab will make an ... Read more ›
0
A senior researcher from DeepSeek warned about the potentially negative impact of artificial intelligence on human work and society, in one of the company’s few public appearances since its breakout success, according to Reuters. Chen Deli, the DeepSeek researcher, took the stage at the ... Read more ›
2
OpenAI CEO Sam Altman said the company envisions needing to work with the executive branch of the government in areas such as preventing bioterrorism, once AI superintelligence is achieved. “If the premise is that something like this will be difficult for society to adapt to in the ‘normal way,’ ... Read more ›
12
We’ve moved from marveling about AI’s potential to puzzling over how to pay for it. The price tag seems to grow every day. On Thursday, Tesla CEO Elon Musk suggested Tesla will need so many chips for its robots and self-driving cars that it might build its own chip factory. He also said Tesla would have to spend “tens of billions” to train the AI in its robot. Meanwhile, his... Read more ›
0
The drought in initial public offerings ended this year, led by big winners in AI and crypto, but gains were rare for companies outside those industries. Bankers expect those trends to hold in 2026. Booms in AI and crypto delivered two of the biggest winners of the year: data center developer CoreWeave and stablecoin issuer Circle. The losers among big tech IPOs were consumer-facing companies such as fintech Chime, ticket... Read more ›
0
Lawyers for Elon Musk argued that his federal lawsuit against OpenAI and its CEO Sam Altman should proceed to a trial, according to a legal document filed Friday evening. The latest filing responds to OpenAI’s request last month for an early legal ruling against Musk. In that document, OpenAI’s ... Read more ›
0
Welcome, Weekenders! In this newsletter:• The Big Read: Data centers are hiring James Bond–style security consultants• The Arena: Is this German club the next Wrexham?• Plus, our Recommendations: “Coining It,” “Gotham at War,” “The Gods of New York” and “The Lowdown”Many fears about artificial intelligence have at least some validity. I do worry how it exacerbates geopolitical tensions. I worry it may quietly weave existing biases and prejudices into different... Read more ›
0
When Kara Nortman was looking to start a women’s professional soccer team in Los Angeles, she and her co-founders—actress Natalie Portman and entrepreneur Julie Uhrman—took meetings with sports experts in their hometown. The advice they received? It would be unwise to enter a market crowded by the MLB’s Dodgers, the NBA’s Lakers and a half-dozen other franchises. “We talked to everyone who knew sports,” Nortman told me this week, “and... Read more ›
24
OpenAI has asked the Trump administration to expand the 35% tax credit established under the Chips Act — the 2022 law designed to boost U.S. semiconductor production– to apply to AI data centers, according to a letter dated on October 27 posted online by the company. The company wants the ... Read more ›
2
Banks including Sumitomo Mitsui Banking Corp., BNP Paribas, Goldman Sachs and Mitsubishi UFJ Financial Group are providing a roughly $18 billion loan to the developers of a New Mexico data center for OpenAI’s Stargate project, said a person familiar with the deal. The loan would add to a long ... Read more ›
0
Before Sequoia Capital’s leader Roelof Botha announced he was stepping down from the position, partners Alfred Lin, Pat Grady and Andrew Reed came to him to talk about his time at the firm. Botha had only held the top-most job at the firm for three years, taking over from long-time leader Doug Leone just as startup valuations were convulsing from a historic series of rate hikes. Botha, after talking to... Read more ›
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Richard Socher, CEO of AI search startup You.com and a former chief scientist at Salesforce, hopes to raise around $1 billion for a new AI research startup he will oversee, said two people who spoke to senior staff at You.com. Socher will remain at the helm of You.com, he said in an interview. Socher said his new AI lab will focus on developing technology to automate AI research itself. The... Read more ›
0
Buzzfeed’s revenue plummeted 17% to $55.6 million in the third quarter compared to the same period a year earlier, as the digital media company was hurt by softer advertising demand than in 2024 when it reaped the benefits of election-related advertising. BuzzFeed shares fell more than 37% on ... Read more ›
0
On a quiet September morning, Alex Leithiser was out in the woods somewhere in the South on a secret mission: to break into a data center. First, he slipped through a small gap in the facility’s barbed wire fence, and as soon as he hit the ground, he switched clothes, pulling a fresh set from a small backpack. With cameras and alarms all over the data center, Leithiser hoped to... Read more ›
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Most popular sources
Business Insider
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34% 16 |
Gizmodo
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12% 2 |
CNET
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6% 2 |
MacRumors
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5% 5 |
Slashdot
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5% 3 |
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13.12.2025 09:59
Last update: 09:50 EDT.
News rating updated: 16:51.
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