Fundraising is picking up among crypto venture funds after two dismal years, as investors hope to profit from the friendly regulatory environment under President Donald Trump. The rebound is likely to be modest because venture capital funds are no longer the only game in town for big investors who want crypto exposure. Crypto VC funds are on track to raise nearly $4 billion in the coming months, which would top... Read more ›
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Tesla’s board of directors about a month ago contacted several executive search firms to assist with a formal search for a replacement for Elon Musk as Tesla’s CEO, The Wall Street Journal reported. Eventually, the board focused on working with a single search firm, The Journal reported, though ... Read more ›
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In a blistering ruling, a federal judge accused Apple of defying an earlier decision in a longrunning antitrust case related to its App Store policies and asked federal prosecutors to investigate whether criminal contempt charges against the company are merited. Judge Yvonne Gonzalez Rogers of ... Read more ›
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When it comes to artificial intelligence, Mark Zuckerberg is not holding back. Meta Platforms revealed Wednesday it was raising its projected capital spending for this year to as high as $72 billion, from a previous high of $65 billion outlined in January. If Meta spent at the upper level of its new projection, its capital outlays this year would be 84% above what it spent last year. It would also... Read more ›
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Earnings season is in full swing, but one of the most telling comments about the state of social media today came from courtroom testimony highlighting a persistent challenge facing TikTok—and a perennial strength for Meta Platforms’ apps. Adam Presser, TikTok’s head of U.S. operations and trust and safety, told a judge that only a “very minuscule” percentage of time— just about 1%— is spent on TikTok’s Friends tab, which shows... Read more ›
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Glean, a startup that builds search chatbots for businesses, is in advanced talks to raise a new financing round led by asset manager Wellington Management that would value the startup at about $7 billion, two people familiar with the matter said. The deal would indicate investors are still ... Read more ›
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Glean, a startup that builds search chatbots for businesses, is in advanced talks to raise a new financing round led by asset manager Wellington Management that would value the startup at about $7 billion, two people familiar with the matter said. The deal would indicate investors are still ... Read more ›
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Amazon is planning to open dozens of new warehouses over the next 18 months to handle deliveries to rural areas, the company announced on Wednesday. The company is planning to triple the size of its rural delivery network by the end of 2026, bringing the total number of rural delivery stations ... Read more ›
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Stablecoin provider Circle rejected a takeover offer from crypto company Ripple valued at $4 billion to $5 billion, Bloomberg reported. Ripple is still interested in Circle but hasn’t decided whether to make another offer. Circle remains focused on pursuing an initial public offering that it ... Read more ›
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Vineet Mehta, a longtime Tesla veteran and one of its most senior battery executives, is leaving the company, according to people close to the situation. It is the second significant departure of a member of Tesla’s battery braintrust in the last year: Last April, Drew Baglino, head of battery ... Read more ›
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Meta Platforms on Wednesday reported first-quarter revenue of $42.3 billion, up 16% from a year earlier, on the strength of its digital advertising business. That was higher than its own forecast of $39.5 billion to $41.8 billion but a slowdown from fourth-quarter growth of 21%. The parent of ... Read more ›
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Microsoft said Wednesday that its revenue grew 13% in the three months ending in March, a slightly faster rate than the quarter prior. Meanwhile, its revenue in its Azure cloud computing unit grew 33%, slightly higher than the growth the company had forecasted, reversing a slight slowdown in ... Read more ›
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Visa unveiled new tools to facilitate purchases made by artificial intelligence agents Wednesday, following a similar announcement by rival Mastercard earlier this week. Visa will create tokenized cards agents can use for purchases, to encrypt sensitive information like card numbers and ... Read more ›
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Meta Platforms planned to release a reasoning version of its flagship large language model Llama 4 earlier this month, and then pushed back its release date, The Information reported. Some developers expected Meta to release such a model at its inaugural LlamaCon developer conference on Tuesday. ... Read more ›
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Google CEO Sundar Pichai and Apple CEO Tim Cook had at least a “couple” of phone calls last year where Pichai made the case for Apple integrating Google’s Gemini AI chatbot app into iPhones, Pichai testified in court on Wednesday. Cook wanted to understand Google’s AI roadmap, Pichai testified, ... Read more ›
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Meta Platforms kicked off its first-ever LlamaCon, a conference for AI developers, on Tuesday, unveiling a fleet of new products. They included a standalone smartphone app for its Meta AI assistant and a preview of an application programming interface for developers to access its large language model Llama. The releases put Meta on par with its competitors, but the question remains: What took so long?After all, Meta had been working... Read more ›
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Nvidia and cloud providers such as Oracle are rushing to ship chips and servers to data centers outside the U.S., ahead of a mid-May deadline when a controversial new regulation is scheduled to take effect that will cap their abilities to add new computing capacity in other countries. Oracle, for example, has taken the unusual move of asking some of its suppliers to ship incomplete products out of the U.S.... Read more ›
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In January, three police officers arrived at a warehouse in central Connecticut run by a company called UniUni, a logistics startup that handles millions of packages each week for mostly China-founded e-commerce clients like Temu, Shein and TikTok Shop. Inside, they found piles of cardboard boxes and plastic mailing bags in the brightly lit main room of the warehouse—everything you’d expect to see at one of the hubs that serve... Read more ›
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Waymo and Toyota are exploring a partnership to develop an autonomous vehicle platform for personally owned vehicles, Waymo said Tuesday. The automaker’s mobility technology subsidiary, Woven by Toyota, may join the potential partnership. Tekedra Mawakana, co-CEO at Waymo, said the partnership ... Read more ›
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The end of the Temu-Shein era of cheap prices may be hurting digital ad firms just as much as bargain shoppers. Snap on Tuesday said the Trump administration’s closure of the duty-free import loophole—which allowed Temu and Shein to ship cheap stuff from China without paying duties—was affecting its ad business. Google forecast a similar impact from the changes last week. Meta Platforms, which got a big lift from an... Read more ›
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15.05.2026 07:56
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