Qualcomm, known for designing and licensing smartphone processors, said earlier this week it would develop data center chips for artificial intelligence, starting in Saudi Arabia. The move adds Qualcomm to the long list of challengers to Nvidia, whose chips dominate the AI data center market. ... Read more ›
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Chobani said in a statement Friday it had acquired smoothie and frozen meal startup Daily Harvest, marking the latest dealmaking activity among healthy food startups. Terms of the deal weren’t disclosed. Food companies have been active in buying up health-focused startups in recent months, ... Read more ›
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OpenAI said Friday it released an artificial intelligence coding “agent” that can automate software engineering tasks such as fixing bugs and answering questions about a codebase. It’s following startups including Anthropic and Cognition that have released similar coding assistants. The coding ... Read more ›
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Late on a Friday night in March, Bill McDermott, ServiceNow’s CEO, walked off a flight in San Jose, Calif., and then immediately asked his chief of staff to get his top sales and engineering execs on the phone. He had a task for them. McDermott had just spent a week in New York meeting with customers, including the heads of banks and a sports league. They’d told him they had... Read more ›
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ByteDance is targeting revenue growth of about 20% this year, which could help it catch up to rival Meta Platforms, according to Bloomberg. The TikTok parent company expects revenue to rise to about $186 billion in 2025, up from $155 billion last year, Bloomberg reported. Meta expects about $187 ... Read more ›
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Logistics startup Stord said Friday it raised $80 million in equity funding at a $1.5 billion valuation, as well as $120 million in debt financing, likely setting up the company to acquire more U.S. warehousing operations. Stord provides fulfillment and warehousing services to help merchants ... Read more ›
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Two of the biggest cable TV and broadband operators, Charter Communications and Cox Communications, are combining, in a sign of how the decline of cable TV and competition in broadband is forcing another stage of consolidation. Charter is buying Cox in a deal that values Cox at $34.5 ... Read more ›
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Last summer, banking app Chime introduced a lending product that let customers borrow small amounts to get them through to their next paycheck. Typical payday lenders charge exorbitant fees, but Chime was making the loans largely for free. The fintech’s big bet is that fronting cash to customers—and only charging people that want extra-fast advances—will boost customer loyalty while also providing some fresh revenue. But Chime is now learning the... Read more ›
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Nvidia is planning to build a new research and development center in Shanghai as part of efforts to maintain its competitive edge in China amid declining sales due to stricter U.S. export controls, the Financial Times reported, citing two people with knowledge of the matter. During a visit to ... Read more ›
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Video-streaming and TV executives were out in force in New York this week, as outlets pitched their program schedules to marketers at lavish star-studded presentations. None other than Lady Gaga performed at YouTube’s party in Lincoln Center, for instance. There’s no doubt YouTube has come a long way since its founding 20 years ago. It now has a bigger share of the audience than any TV service of any kind,... Read more ›
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Artificial intelligence model developer Cohere fell well short of revenue projections the company prepared in early 2023, missing its target for last year by 85%. In a pitch to investors two years ago, the company forecast making around $450 million in annualized revenue by the end of last year. ... Read more ›
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After tech stocks crashed three years ago, the correction in private startup valuations led to a wave of partners leaving their venture firms. Over the past year, a new exodus has emerged as investors depart with plans to set up their own funds. Six early-stage partners from Andreessen Horowitz, Coatue Management, Founders Fund, Lightspeed Venture Partners and Forerunner Ventures have left their firms in the past few months or are... Read more ›
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The Trump administration and the United Arab Emirates on Thursday announced a large data center campus for artificial intelligence in Abu Dhabi that aims to power American technology. President Donald Trump and Emirati president Sheikh Mohammed bin Zayed discussed the plan in front of a ... Read more ›
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The charitable nonprofit that controls OpenAI should maintain its full management control over the new for-profit entity as part of its planned conversion to a private benefit corporation, five lawyers who work at nonprofits and universities wrote to the attorneys general of California and ... Read more ›
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It’s been a busy week for YouTube! The company on Wednesday hosted its annual Brandcast event for advertisers in New York where it announced updates ranging from new deals with the NFL to features for creators. On Thursday, CEO Neal Mohan told a MoffettNathanson investor conference that revenue generated per hour watched on YouTube Shorts has risen to the equivalent of YouTube’s long-form videos in several countries, including the U.S.... Read more ›
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Meta Platforms has delayed the largest version of its flagship large language model Llama 4 to as late as this fall—or even later—over performance problems, according to a person familiar with the matter. Llama 4 has encountered other delays in the past. Meta previously pushed back Llama 4’s ... Read more ›
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YouTube CEO Neal Mohan says revenue on YouTube Shorts is growing and, when measured by one metric, is comparable to revenue generated by longer videos on the main YouTube service. Speaking at a MoffettNathanson conference on Thursday, Mohan said that YouTube Shorts has reached parity with ... Read more ›
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Saudi Arabia, long viewed as a fountain of cash for the tech industry, has flipped the script, getting U.S. companies to fund its build-out of artificial intelligence. President Donald Trump announced hundreds of billions of dollars in deals when he visited Riyadh this week. The announcements touted investments in the U.S., but in many cases the Saudi money will go to U.S. companies to fund projects inside Saudi Arabia. Read more ›
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These have been difficult years for roughly a dozen of the major startups trying to sell artificial intelligence models to app developers or corporate customers. OpenAI and other AI firms that sell ready-to-use products for knowledge workers have sucked the oxygen out of the room for startups like Cohere, whose revenue has severely lagged its projections from two years ago, I reported today. Read more ›
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The conversational intelligence boom sparked by OpenAI unleashed a flood of venture capital dollars for the sector, but AI developers that didn’t focus on selling revenue-generating applications fast enough have been left in the dust. One of the best examples is Cohere, an OpenAI rival that was developing similar technology years before the launch of ChatGPT in 2022 and has raised a total of nearly $1 billion from investors. As... Read more ›
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15.05.2026 01:51
Last update: 01:40 EDT.
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