Tesla’s planned robotaxi service has begun testing with employees in Austin and San Francisco, the company said Wednesday on X. The announcement followed Tesla CEO Elon Musk’s statement on Tuesday evening that the service was on track to launch in a pilot stage in Austin in June, using a fleet ... Read more ›
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A Perplexity executive on Wednesday testified that Google’s distribution contracts with phone manufacturers and mobile carriers have blocked his company’s efforts to achieve similar deals, as the Department of Justice attempts to convince a federal judge to end those contracts as part of ... Read more ›
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Tether, the world’s largest stablecoin issuer, and SoftBank are funding a new publicly traded company, called Twenty One Capital, that will invest in bitcoin. The company will launch with about $3.9 billion in bitcoin and will trade on the stock market through a merger with Cantor Fitzgerald’s ... Read more ›
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Elon Musk’s Neuralink is raising $500 million at a valuation of $8.5 billion, Bloomberg reported Wednesday. The brain-computer interface company wants to sell implantable devices that could help people, including those who are paralyzed, control computers directly from their brain. The Food ... Read more ›
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For two years, ChatGPT has been OpenAI’s cash cow. But by the end of the decade, the company has told some potential and current investors it expects combined sales from agents and other new products to exceed its popular chatbot, lifting total sales to $125 billion in 2029 and $174 billion the next year, according to documents seen by The Information. The projections, which would propel the 10-year-old startup’s sales... Read more ›
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Google’s Gemini AI chatbot last fall was lagging rival services run by OpenAI and Meta Platforms but it was ahead of services from Microsoft, Anthropic and Perplexity, according to data shown in court on Wednesday. Usage has grown dramatically in the past six months although Gemini continues to ... Read more ›
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ChatGPT has drawn away some search queries from Google, a senior Google executive testified on Wednesday, but primarily “homework and math” queries which don’t generate much in ad revenue. The executive, Sissie Hsiao, said “so far we have not seen cannibalization of commercial queries or ... Read more ›
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Amazon’s competitor to SpaceX’s Starlink, known as Project Kuiper, is struggling to scale up production of its satellites to hit a key U.S. government deadline, Bloomberg reported Wednesday. Despite a Federal Communications Commission deadline of July 2026 to deploy more than 1,600 satellites, ... Read more ›
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Hello! Erin here, reporting from the E. Barrett Prettyman Courthouse in Washington, D.C. as federal judge Amit Mehta oversees a hearing on how to remedy Google’s illegal search monopoly.Much of the trial so far has centered not on Google’s traditional search engine—famous for its blue links—but on the AI-powered search market, as the government has sought to convince Mehta that Google shouldn’t be allowed to parlay its dominance in search... Read more ›
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Artificial intelligence heavyweights including OpenAI and Perplexity, along with commerce giant Amazon, are painting visions of AI tools acting as personal shoppers that can seamlessly buy stuff across the internet. But the handful of AI agents that have so far been released have had trouble with online shopping, since they’re easily tripped up by variations in retailers’ product listings and checkouts, investors and founders say. It’s also tough for retailers... Read more ›
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The European Commission said Wednesday it has fined Apple and Meta Platforms hundreds of millions of dollars each for violating the region’s Digital Markets Act, making the two tech giants the first companies to be fined under the new digital law. The commission, the executive arm of the ... Read more ›
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Over thirty former OpenAI employees, professors and AI policy advocates signed a letter to the attorneys general of California and Delaware asking them to halt OpenAI’s planned conversion from a charitable nonprofit to a for-profit business. Letting go of its control over OpenAI’s business would ... Read more ›
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Intel plans to cut more than 20% of its workforce, as the U.S. chip giant struggles to turn around its business, Bloomberg reported. The plan, which is likely to be announced this week, according to Bloomberg, is part of Intel’s ongoing effort to streamline its business under its new CEO Lip-Bu ... Read more ›
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When Elon Musk said in January that 2025 would be “a pivotal year for Tesla,” he surely wasn’t thinking of what has come to pass. The electric vehicle giant reported Tuesday that its auto revenues plunged 20% in the first quarter to their lowest level since 2021, dragging down Tesla’s overall revenue 9% and operating profit 66%. Tesla, which had said in January it expected its vehicle business to “return... Read more ›
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There are many ways to visualize the boom and slowdown in tech startups. One is the image of Carta CEO Henry Ward, dressed in a suit in a Midtown Manhattan hotel, describing how he once raised billions and is now trying to restart his company’s growth.Ward and I were sitting together, across the street from offices that house some of the largest private equity firms and asset managers. Those are... Read more ›
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Sam Altman is stepping down as chair of the board of directors of Oklo, a nuclear fission startup he has backed, company executives announced on Tuesday. The OpenAI chief executive officer’s move coincides with Oklo’s plan to strike a power deal with an AI startup, potentially OpenAI. Caroline ... Read more ›
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Trials are great for airing technology executives’ private ruminations, including some of their most out-there strategies. Among the most extraordinary that have so far come to light in the Federal Trade Commission’s antitrust lawsuit against Meta Platforms is CEO Mark Zuckerberg’s “potentially crazy idea” in 2022 for refreshing Facebook: erasing friend lists on the app—as frequently as every year—and having users start from scratch.That nuclear option could help users connect... Read more ›
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Tesla’s operating income dropped 66% and overall revenue was down 9% for the quarter compared to last year, driven by 20% lower automotive revenue and increased spending on artificial intelligence, the company reported Tuesday. The automaker produced and delivered fewer cars than any ... Read more ›
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The Trump administration is planning to push India to make it easier for U.S. e-commerce companies including Amazon and Walmart to operate in the country, as part of broader trade negotiations, the Financial Times reported on Tuesday. While Indian e-commerce firms are allowed to produce and sell ... Read more ›
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Fahad Khan, a former Microsoft Research manager, is joining aerospace and defense contractor Northrop Grumman as director of strategic AI programs, he announced in a LinkedIn post. Khan’s hiring shows how firms that work with government agencies are increasingly looking for experienced AI ... Read more ›
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23.03.2026 00:44
Last update: 00:25 EDT.
News rating updated: 06:30.
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