U.K.-based cloud provider Nscale, whose announced customers include OpenAI and Microsoft, is in negotiations to acquire a massive AI data center site in West Virginia, The Information reported. Amazon, Meta and a cloud ally of Google have also expressed interest in the site. The site is ... Read more âș
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There are lots of reasons to be down on Apple nowadays. Its tentative steps into artificial intelligence have not gone well, leading to a high-profile executive shake-up today. Sales of its core product, the iPhone, are stagnant. The most recent attempt at a new product, the Vision Pro mixed reality headset, flopped. And as our Wayne Ma reported today, most of its subscription businessesâincluding Apple TV+, Apple Music and Fitness+âare... Read more âș
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Wizâs $32 billion sale to Google is giving at least one venture capital megafund a case study for why it can pay to double and even triple down on top startups.Insight Partners, the VC and private equity giant that owns 8% of Wiz, wrote to limited partners Tuesday that the transaction turned a $213 million investment into $2.6 billion. Including sales of shares made last year, Insight estimates it returned... Read more âș
0
Last fall, artificial intelligence star CoreWeave shared astounding financial projections with private investors. It projected that revenue would quadruple to $8 billion in 2025 and cash burn would shrink by more than one-third to $4 billion, according to confidential investor documents. Those expectations appear a lot more sober now, as the company prepares for its Wall Street debut. Read more âș
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When people want to buy a product promoted by an influencer on Instagram or YouTube, the process can be clunky, often involving a maze of affiliate links or switching between multiple apps. Now, Walmart is working to make social shopping smoother by having more checkouts happen inside social apps themselves, the companyâs chief technology officer, Suresh Kumar, told me. That could potentially include deals to link shoppersâ Walmart accounts and... Read more âș
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Regulators ordered Tesla to recall virtually all Cybertrucks it has sold to repair faulty body strips that could fall off. In all, Tesla will recall 46,096 Cybertrucks, which went into commercial production in November 2023. The glue holding the long metal strips, called cant rails, above the ... Read more âș
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Apple has enlisted the help of Mike Rockwell, the leader of its Vision Pro product, to get the companyâs struggling artificial intelligence efforts back on track, Bloomberg reported. Rockwell will take over the development of Siri, Appleâs longtime intelligent assistant, from John Giannandrea, ... Read more âș
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Retailers have mixed feelings about web-browsing agents that can control a personâs browser to complete tasks for them.Some firms like DoorDash are concerned that an explosion of agents could overrun their sites with bots, lowering the value of their ads and creating distance between themselves and customers in the process. (That was the subject of our feature story on Wednesday.)Â Others like Walmart say itâs too early to tell.Hari Vasudev,... Read more âș
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Until this week, I didnât know Keith OâBrien existed. The payroll compliance managerâand now accused corporate spyâwas suddenly very interested in me. OâBrienâs curiosity was piqued last month when I was writing a story about a bitter feud between his company, Rippling, and its archrival, Deel. OâBrien allegedly searched for my name in Ripplingâs Slack channels 15 times. He searched for the name of this publication, The Information, 31 times.... Read more âș
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Crypto exchange Kraken said it agreed to buy NinjaTrader, a U.S. retail futures trading platform, for $1.5 billion. The deal will help Kraken expand into a broad trading venue ahead of a potential IPO. The acquisition will allow Kraken to offer crypto futures and derivatives in the U.S. because ... Read more âș
0
Temu parent company PDD Holdings reported slower revenue growth for the fourth quarter of 2024 on Thursday, blaming a âfast-changing external environmentâ and increased competition for the slowdown. The internet giant, which also owns Chinese online shopping site Pinduoduo, said fourth-quarter ... Read more âș
0
Itâs been about two months since President Donald Trump took office, and thereâs still lots of uncertainty around how heâll regulate the AI industry. Thatâs particularly when it comes to open source and how much information leading developers must share with the feds.One thing is clear, though: the Trump presidency will be good for AI developers like Mistral and Cohere. The reason might surprise you.Both firms have benefitted from the... Read more âș
0
Last year, Apple CEO Tim Cook had questions about several pricey movie deals executives of Apple TV+, the companyâs video-streaming service, had been striking, including for âArgylle,â a spy action-comedy starring Henry Cavill and Dua Lipa. The movie, which cost $200 million to produce, hadnât found much of an audience or generated more subscribers for the service, Cook told his colleagues, according to a former Apple TV+ employee. Cook had... Read more âș
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CoreWeave is seeking a valuation between $27.4 billion and $32 billion in an initial public offering that come as soon as next week. The company is looking to sell $2.3 billion and $2.7 billion shares in the offering, it said in its amended IPO filing Thursday morning. The company has about 583 ... Read more âș
0
SoftBank Group said it would pay $6.5 billion in cash for chip designer Ampere, extending a string of artificial intelligence investments made by the Japanese telecom conglomerate. The two companies already have a close relationship. Ampere, founded and led by former Intel President RenĂ©e ... Read more âș
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CoreWeave is planning to sell about $2.5 billion of stock in an initial public offering, a significantly smaller deal than previously expected, and launch its investor road show as soon as Thursday, a person familiar with direct knowledge of the transaction said. The smaller than expected ... Read more âș
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Wow. Elon Musk really is the Pied Piper of investors. Bloomberg reported on Wednesday that the social media firm had raised âclose to $1 billionâ in fresh equity at a $32 billion valuation. Including Xâs debt, that implies a roughly $44 billion enterprise value for the company, which is what it was worth in Muskâs 2022 buyout of the company then called Twitter. Given that Xâs revenue last year was... Read more âș
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When I ask creators how theyâre using AI, I typically get this response: Theyâre primarily using ChatGPT or other similar chatbots to talk through ideas or to help them write scripts for brand partnerships or videos. Chris Williamson, the host of the popular podcast Modern Wisdom, is going deeper. Heâs hired a software engineer to develop whatâs called a RAG, or retrieval augmented generation, system. This involves gathering data on... Read more âș
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Elon Muskâs xAI has joined a consortium that plans to raise $100 billion to develop data centers and power plants for artificial intelligence, the group said on Wednesday. Three firms that previously announced the now-dubbed âAI Infrastructure PartnershipââMicrosoft, Blackrock and Abu Dhabi ... Read more âș
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Amazon-backed autonomous driving company Zoox voluntarily recalled software in 258 of its cars after the National Highway Traffic Safety Administration opened an investigation last spring into Zooxâs self-driving car software, according to agency filings. The NHTSA opened the investigation after ... Read more âș
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Nvidia has acquired Gretel, which helps customers create and use data generated by artificial intelligence to develop and test AI applications, according to a report in Wired. The deal valued Gretel higher than its most recent valuation of $320 million, but it was under $1 billion, according to ... Read more âș
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20.03.2026 03:37
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