Last night, Sri and I broke the news of some of the latest developments in the negotiations between Microsoft and OpenAI. Chief among them is that OpenAI wants Microsoft to take just a 33% share in its business after the startup completes its conversion to a for-profit entity. That looks like a step down for Microsoft, whose $13.75 billion investment in OpenAI currently entitles it to 49% of OpenAI’s future... Read more ›
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Between 2022 and mid-2024, venture capitalists poured over $32 billion into artificial intelligence startups, despite the disappointing results of some high-profile bets. Not only have investors shrugged off those missteps since then—they have redoubled investments in companies they perceive as winners in their categories. Venture capitalists have led a combined $52.4 billion worth of deals since mid-2024, according to The Information’s Generative AI Database. SoftBank and Thrive Capital have led... Read more ›
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Before the Trump administration’s recent trade talks with Chinese officials in London, U.S. Commerce Department officials weighed new technology export restrictions against China, the Wall Street Journal reported. The officials ultimately didn’t announce the tougher restrictions after the U.S. ... Read more ›
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The head of engineering for Google’s Gemini chatbot, Amar Subramanya, is leaving the company, employees were told in a reorganization announced last week. Separately, Mat Velloso, the head of product for Google DeepMind’s AI developer platform, has also left Google, a Google spokesperson ... Read more ›
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The Department of Defense has awarded OpenAI a $200 million contract to develop AI that addresses “national security challenges in both warfighting and enterprise domains,” the agency said in a press release. This is OpenAI’s first defense technology contract and the latest sign of deepening ... Read more ›
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Negotiations between Microsoft and OpenAI over the startup’s plan to restructure its for-profit unit, which requires Microsoft’s approval, have entered their eighth month with no end in sight and new conflicts emerging. OpenAI wants Microsoft, the startup’s biggest outside shareholder, to have a roughly 33% stake in the reshaped unit in exchange for foregoing its rights to future profits, according to a person who spoke to OpenAI executives. OpenAI also... Read more ›
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The days of “No ads! No games! No gimmicks!” are over. That was the slogan coined by one of the founders of WhatsApp, Brian Acton, which the other founder of the messaging app, Jan Koum, used to keep taped to his desk on a sticky note. On Monday, though, WhatsApp’s owner, Meta Platforms, said the app will start showing ads for the first time in the coming months, turning on... Read more ›
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The negotiations started as just one billionaire tech founder talking to another. Meta Platforms CEO Mark Zuckerberg approached Scale AI CEO Alexandr Wang in mid-April about a potentially industry-shaking deal. Zuckerberg wanted Wang to join Meta and was willing to pay billions of dollars to make that happen. Zuckerberg floated a $5 billion investment in Scale in early May, and Wang later countered with $20 billion, according to deal documents... Read more ›
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Crypto billionaire Justin Sun’s Tron is set to go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment, The Financial Times reported. SRM Entertainment, a small Nasdaq-listed toy maker, said it entered an agreement to receive $100 million equity investment from an ... Read more ›
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WhatsApp will start showing ads and offering paid subscriptions in the coming months, Meta Platforms, its parent company, said in a blog post on Monday. These moves will open a new revenue stream for Meta. The ads will appear in a section of the app called updates, which is separate from a user’ ... Read more ›
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Demand is rising for AI-powered robots that can clean offices or roll around moving items from one part of a building to another, allowing businesses to save on labor costs. But the upfront costs of these robots, which can cost hundreds of thousands of dollars apiece, can put them out of reach.Now, financiers are stepping in to front the cost of these machines. Cardinal Robotics, which sells cleaning robots that... Read more ›
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A recent delivery dealmaking frenzy in Europe has kicked off a race between DoorDash, Uber and investment firm Prosus, as the three firms aim to grab more business in the already fiercely competitive market. Some of that has been playing out publicly, with a series of rapid-fire announcements. But behind the scenes, U.S. delivery archrivals DoorDash and Uber have also been fighting over some of the same deals. DoorDash made... Read more ›
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Chinese tech giant Tencent Holdings is neither considering nor pursuing an acquisition of South Korean videogame developer Nexon Co. contrary to media reports, according to a person with direct knowledge of Tencent’s investment plans. Last week, Bloomberg reported that Tencent had reached out to ... Read more ›
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Amazon will spend $13 billion over the next four years on new data centers in Australia that will help the company expand its artificial intelligence business. The large investment is a major coup for Australia and, more broadly, reflects the determination of web giants like Amazon to capitalize ... Read more ›
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Anne Wojcicki has unexpectedly managed to regain control of 23andMe, the DNA-testing company, after two separate boards of directors had previously rebuffed her efforts to buy the business, instead pushing the company into bankruptcy. In March, Wojcicki had quit as CEO when the company entered ... Read more ›
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Waymo, Google’s self-driving car unit, said Saturday that it suspended its taxi service in all of Los Angeles this weekend due to “upcoming protests”. On Saturday, protestors gathered in Los Angeles, San Francisco and other cities against President Trump’s immigration policies, in what some were ... Read more ›
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• The Big Read: Bret Taylor, the Salesforce heir apparent who went rogue • The Top 5: The best Red Bull replacements • Plus, our Recommendations: A jungle mystery; a Florida farce; and “Predator” catches the “Spider-Verse” bugAs you might’ve heard, Mark Zuckerberg has lined up a new AI czar for himself: Alexandr Wang, the 28-year-old billionaire co-founder of Scale AI. Wang’s debut represents a sharp turn in Zuckerberg’s AI... Read more ›
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In Silicon Valley, cutting back on booze has been in vogue for a while. Now the tech elite is going cold turkey on something else: traditional energy drinks like Red Bull and 5-Hour Energy. That’s led to a fresh wave of beverage startups selling elixirs that purport to give an animating jolt to the system but with starkly different ingredients than the drinks that have long crowded grocery store coolers.... Read more ›
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Google is planning to stop the majority of its work with Scale AI after rival Meta took a 49% stake in Scale and hired its CEO in a deal announced this week, Reuters reported on Friday. The decision, while not surprising, would still result in a blow to Scale’s business. Google is Scale’s ... Read more ›
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Anne Wojcicki, the co-founder and former CEO of 23andMe, will purchase the bankrupt company’s assets for $305 million, the genetic testing company said Friday. Regeneron Pharmaceuticals had agreed to pay $256 million for the bankruptcy assets last month, but the bankruptcy court held a final ... Read more ›
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14.05.2026 16:13
Last update: 16:06 EDT.
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