Adobe in recent months held talks with Synthesia, a London-based maker of artificial intelligence software that generates video avatars of people, to buy the startup for about $3 billion, a premium from the startupâs $2.1 billion valuation in a January financing, according to a person with knowledge of the discussions. Synthesia and Adobe walked away without reaching a deal after disagreeing about the price, this person and two others said.... Read more âș
64
Nvidia and OpenAI are in discussions to structure their massive artificial intelligence data center partnership around an unconventional business model: OpenAI would lease Nvidiaâs AI chips rather than purchasing them outright, The Information reported. The potential arrangement is an ... Read more âș
0
Hey, ChatGPT, can you explain this artificial intelligence disconnect? In a blog post today, OpenAI CEO Sam Altman said, âGrowth in the use of AI services has been astonishing.â Meanwhile, countless news reports cite businesses who say theyâve yet to see enough benefit in AI to pay for it. We reported last week, for instance, that Microsoft was having a hard time persuading its customers that AI features in Office... Read more âș
12
Tether, the worldâs largest stablecoin issuer, is in early talks with investors to raise between $15 billion and $20 billion in exchange for about 3% stake, Bloomberg reported, citing two people familiar with the matter. Tetherâs U.S. CEO, Bo Hines, former White House crypto adviser, told ... Read more âș
2
OpenAI and Nvidia are discussing an unusual way to structure their new artificial intelligence data center partnership, under which OpenAI would lease Nvidiaâs AI chips rather than buying them, according to two people who spoke to executives at the companies about it. The discussion shows how Nvidia is considering new business models to sell its products to customers that are less proven and would struggle to buy the chips on... Read more âș
5
Microsoft is preparing to launch a new marketplace that would let makers of AI products pay U.S. publishers for content that the AI products surface, Axios reported on Tuesday. The company is preparing to launch a pilot program that will pay certain publishers for content thatâs used by ... Read more âș
0
The Trump administrationâs announcement that it would start charging $100,000 for foreign workers applying for new H-1B visas sent a shock wave through the ranks of startups and their investors over the weekend. Y Combinator CEO Garry Tan and Menlo Venturesâ Deedy Das have warned the fees will give large tech companies an even bigger advantage over young ones. Several founders and investors say theyâll shift their hiring plans to... Read more âș
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Stripe is in talks to buy back shares from investors at a price that values the payments company at $106.7 billion, Axios reported. The company recently valued itself at that level, in whatâs known as a 409A valuation, according to a person with direct knowledge of the matter. The price eclipses ... Read more âș
0
OpenAI CEO Sam Altman and Oracleâs new co-CEO Clay Magouryk on Tuesday are expected to announce an expansion of their data center in Abilene, Texas, according to someone familiar with the plans. Oracle Cloud is operating data centers in the area, and the ChatGPT maker is expected to spend ... Read more âș
0
YouTube said on Tuesday that it would allow accounts banned for violating its policies on Covid-19 and election integrity to rejoin the platform, following pressure from Republican legislators led by Rep. Jim Jordan. In a letter to Jordan, a lawyer representing YouTubeâs parent company Alphabet ... Read more âș
0
Workday has spent most of its 20-year existence selling applications that businesses use to manage their employees and financial operations. Now, the company is joining the growing list of software incumbents that are competing head-on in ways they didnât use to, by selling the same artificial intelligence-powered applications.Last week, Workday announced a $1.1 billion acquisition of an artificial intelligence startup that competes with companies like Glean and Atlassian in software... Read more âș
1
OpenAI CEO Sam Altman said in a blog post on Tuesday that the company aims to create a âfactory that can produce a gigawatt of new AI infrastructure every week.â The comments come a day after OpenAI announced a partnership with Nvidia, under which the chip designer plans to invest up to $100 ... Read more âș
2
Larry Ellison might have thought his firmâs 4.5 gigawatt cloud deal with OpenAI was unmatched.That is, until he woke up on Monday morning to see OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang announcing something much bigger: data center plans that are more than double the size of Oracleâs. The numbers are quite staggering. If OpenAI and Nvidia follow through on the dealâwhich, to be clear, is currently only... Read more âș
12
The astounding financial demands of artificial intelligence have forced the tech industry to embrace a new source of funding: lenders that can quickly write multi-billion dollar checks. These banks and investors range from giants like JPMorgan Chase and Blackstone to lesser known lenders such as Sumitomo Mitsui Banking Corp. and Macquarie. They are tapping a wider range of funding sources to gather vast amounts of cash and getting creative with... Read more âș
0
A wave of automakers has cancelled plans to produce electric vehicles in the U.S., responding to slow sales of the cars. But Volvo Cars, an automaker owned by Chinaâs Geely Group, is boosting its EV manufacturing plans at its South Carolina plant, a move that could be a model for other Chinese automakers amid a potential thaw in U.S.-China relations. Next year, Volvo will begin producing its midsize plug-in XC60... Read more âș
0
Nvidia has committed to investing the first $10 billion of a planned $100 billion investment in OpenAI at the startupâs recent $500 billion valuation and then will make the remaining staggered investments at future valuations, according to a person with direct knowledge of the plans. The chip ... Read more âș
0
Humanoid robotics startup 1X has told investors and employees it is trying to raise as much as $1 billion, according to three people who spoke to CEO Bernt Ăivind. The decade-old company is aiming for a valuation of at least $10 billion, BĂžrnich said, or more than 12 times its previous valuation from a January financing, according to one of the people. The move comes as large firms such as... Read more âș
12
OpenAI loves to make grand announcements. Earlier this year we had the hoopla about its Stargate data center venture, worth up to $500 billion. Today the ChatGPT creator announced a letter of intent to form a strategic partnership with Nvidia to âbuild and deployâ artificial intelligence data centers holding âmillionsâ of Nvidiaâs AI chips. To help pay for this, Nvidia will invest up to $100 billion in OpenAI. Nvidia must... Read more âș
0
A raft of venture-backed startups are emerging to offer high-tech consultants for businesses needing help with artificial intelligence, posing competition for companies like Palantir and McKinsey & Co. that specialize in high-priced consulting services. One is Distyl AI. The three-year-old startup provides companies like T-Mobile with whatâs known as forward-deployed engineers and AI software that automates business processes such as analyzing customer data or managing HR functions. Founded by former... Read more âș
196
Coinbase CEO Brian Armstrong said he wants to develop a super app for customers that would provide an array of financial services such as cards and payments beyond crypto trading. âUltimately we want to be a bank replacement for people,â Armstrong told Fox Business last Friday. âWe want to be ... Read more âș
0
The second phase of Googleâs second antitrust caseâthis one around its ad tech operationsâopened in a Virginia courthouse on Monday. In April, a district judge found Google monopolized the market for technology that helps websites sell ads, and the trial that is on this week will help decide how ... Read more âș
0
Most popular sources
Business Insider
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29% 11 |
Wired
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12% 10 |
Android Authority
|
7% 2 |
Gizmodo
|
7% 3 |
The Verge
|
6% 5 |
| View sources » | |
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28.10.2025 03:05
Last update: 03:00 EDT.
News rating updated: 09:01.
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