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 startup’s $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 ›
64
Rent the Runway spent the past two years unsuccessfully trying to find a buyer for the company, among a number of “strategic alternatives” its advisers explored, according to a securities filing Thursday. The company met with both strategic buyers and financial sponsors, but none of the ... Read more ›
1
Elon Musk’s xAI is raising $10 billion at a $200 billion valuation, inclusive of the new financing, CNBC reported on Friday. CNBC said the money would come from several investors that “could include” Saudi Arabia’s Public Investment Fund. The new round comes after xAI raised $10 billion in ... Read more ›
5
Apple is rushing to boost production of its newly released entry-level model iPhone 17 after strong pre-orders last weekend. The tech giant told at least two suppliers to boost their daily output of the standard model by at least 30%, according to people familiar with the matter. The shift suggests more consumers than Apple expected opted to buy the cheaper iPhone 17 model, which retails for $799 in the U.S.,... Read more ›
39
President Donald Trump announced Friday that he and Chinese President Xi Jinping have reached an agreement for the sale of TikTok’s U.S. operations to go ahead. Posting on Truth Social, the president wrote: “I just completed a very productive call with President Xi of China. We made progress on ... Read more ›
0
In February, a peace summit of sorts took place on the top floor of Memphis City Hall. On one side there were a handful of local politicians and environmental activists. On the other was the city’s mayor, Paul Young, and Brent Mayo—a youthful, bearded, hoodie-clad Texan—who came with a message that his boss, Elon Musk, had become grumpy with Memphis. In a speech laced with expletives, Mayo told the group... Read more ›
0
OpenAI plans to spend roughly $100 billion renting servers from cloud providers for backup computing power between 2026 and 2030, The Information reported Friday. That’s in addition to the $350 billion the ChatGPT maker plans to spend on computing costs for training and running AI models by the ... Read more ›
0
When OpenAI in March released ChatGPT features that could turn photos into animated characters, a spike in usage forced the company to put temporary limits on the features. It wasn’t the first time this had happened. Chief Financial Officer Sarah Friar told investors at a Goldman Sachs conference last week that the company has to regularly hold up launches of new features or AI models because of a shortage of... Read more ›
35
As OpenAI’s plans to make devices infused with its artificial intelligence get closer to reality, the company is increasingly plucking talent from Silicon Valley’s most successful device maker: Apple. In recent months, the startup behind ChatGPT has been raiding the ranks of Apple’s design, manufacturing and supply chain teams, in addition to Apple’s team of AI researchers, according to ten current and former Apple employees and a review of LinkedIn... Read more ›
31
The House Select Committee on China is planning to send a letter to PayPal CEO Alex Chriss on Friday, seeking assurances that the U.S. payment giant is complying with anti money-laundering rules after it entered into a partnership earlier this year with a unit of Chinese tech giant Tencent. In a ... Read more ›
30
Nvidia has spent more than $900 million to hire the CEO of networking startup Enfabrica and other employees, as well as license the firm’s technology, according to a report in CNBC. Nvidia was an existing investor in the firm. A spokesperson for Nvidia declined to comment and Rochan Sankar, the ... Read more ›
17
If Mark Zuckerberg has his way, in a few weeks you could be talking to a friend wearing Meta’s new “display” glasses (you might call them augmented reality-lite glasses). All of a sudden, your friend will get a glazed look in their eyes and their fingers will start twitching. “Oh no,” you’ll realize. “They got just a text and now they’re responding.” If that sounds like a better experience than... Read more ›
9
Netskope shares rose 18% to $22.49 in their first day of trading on Thursday, lifting its market capitalization to $8.6 billion and resulting in returns for several top investors in the almost 13-year-old cloud security startup. Lightspeed Venture Partners, which owned 19.3% of the company at ... Read more ›
0
Elon Musk’s xAI told staff this week that its Grok chatbot has 64 million monthly users, the New York Times reported on Thursday. By contrast, OpenAI said in August that ChatGPT had hit 700 million weekly users, while Google CEO Sundar Pichai said in July that its Gemini app had 450 million ... Read more ›
29
If President Donald Trump and Chinese premier Xi Jinping wrap up a deal for a U.S.-controlled investor group to buy TikTok U.S. on Friday, the next stage of the deal will begin—figuring out the final lineup of the investor consortium. Oracle and Silver Lake are widely reported to be among a group of new investors buying into a newly separate TikTok U.S., while existing U.S. shareholders in TikTok’s parent ByteDance... Read more ›
0
Andreessen Horowitz general partner Anjney Midha’s main job is to lead investments in AI startups such as France’s Mistral AI and Germany’s Black Forest Labs. But behind the scenes, he’s also functioned as what he calls the firm’s “compute whisperer,” setting up and managing a group of thousands of Nvidia chips that the firm then rents to compute-hungry startups it backs.This program, called Oxygen, started with plans of an initial... Read more ›
0
Without video games, the artificial intelligence boom may not have happened: the Nvidia chips that powered recent AI breakthroughs were originally designed to process video game graphics.Now, game studios are increasingly turning to generative AI to automate the work of developing their games. Read more ›
2
Microsoft will spend $4 billion in the next three years to build a new data center in Wisconsin as it races to meet demand for servers that power AI applications, the company said Thursday. The data center announcement comes as Microsoft nears completion of a $3.3 billion data center in Mount ... Read more ›
2
Nvidia is to invest $5 billion in Intel stock as part of a partnership between the two companies in which Intel will build Nvidia-custom designed CPU chips for integrate in Nvidia’s AI technology, the companies said on Thursday. The news sent Intel’s stock soaring 29%. The deal strengthens the ... Read more ›
0
On Wednesday, Meta Platforms took a big step towards dominating the still-nascent augmented reality market when it unveiled the latest version of its Ray-Bans smart glasses, this time with a see-through display and a wristband for controlling the device. People will be able to send text messages via hand motions interpreted by the wristband.Meta CEO Mark Zuckerberg said the glasses were a step towards “superintelligence,” his artificial intelligence holy grail.... Read more ›
20
Deliveroo CEO Will Shu will step down from the company after DoorDash completes its acquisition of the European food delivery company, he said in a statement Thursday. The roughly $4 billion deal is expected to close in October. Shu cofounded Deliveroo, which is headquartered in the U.K., in ... Read more ›
0
Most popular sources
Business Insider
|
28% 10 |
The Verge
|
8% 7 |
Android Authority
|
8% 5 |
MacRumors
|
8% 1 |
Gizmodo
|
7% 4 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
28.10.2025 06:01
Last update: 05:55 EDT.
News rating updated: 11:52.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.