The role of salespeople is already changing in the era of artificial intelligence—and big tech companies are notching benefits from using these tools, which could be a leading indicator of how the broader industry is set to transform. At Microsoft, for instance, executives have been touting evidence that custom-built AI tools automating repetitive sales tasks have allowed the company to reduce its sales staff while simultaneously lifting sales revenue. During... Read more ›
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Anthropic, the company behind the Claude series of artificial intelligence models, announced Monday that it has raised $3.5 billion in its Series E funding round, hitting a $61.5 billion valuation including the new money. The investment is higher than the $2 billion initially discussed with some ... Read more ›
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This year is really turning into a dud for tech stocks. Monday’s big market sell-off slammed the tech sector across the board, particularly chip companies like Nvidia and Broadcom that have wide exposure to China. That made it a somewhat inauspicious day for CoreWeave, a young cloud company operating data centers for artificial intelligence firms, to release paperwork for its planned public debut.CoreWeave’s IPO is much anticipated, as it will... Read more ›
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The three founders of CoreWeave will spend the next few weeks trying to sell investors on the cloud provider’s future. What might make that job harder: They’ve already cashed out nearly a half-billion dollars from their stakes, between them. The founders—former commodities traders Mike Intrator, Brian Venturo and Brannin McBee—have each sold at least $150 million worth of stock ahead of the cloud provider’s planned initial public offering, the company’s... Read more ›
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Ramp, the business card and expense software startup, has sold $150 million in existing shares held by employees and early investors at a $13 billion valuation, the company said on Monday. Buyers included Stripes, GIC, Thrive Capital, Khosla Ventures and General Catalyst. The announcement ... Read more ›
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Tech stocks fell across the board on Monday amid a wide-ranging market selloff triggered by President Trump’s statement that tariffs against Mexico and Canada, and additional tariffs against China, will go into effect on Tuesday. Of the group of tech companies with at least a ... Read more ›
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Microsoft on Monday unveiled artificial intelligence for doctors and nurses to automate time-consuming clerical work, such as preparing patient summaries or writing referrals based on recordings of doctor-patient conversations. The product, Dragon Copilot, will be available in the U.S. and ... Read more ›
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Taiwan Semiconductor Manufacturing Company is planning to spend $100 billion on chip manufacturing plants in the U.S., President Doanld Trump is expected to announce at the White House Monday, according to someone with knowledge of the announcement. TSMC, which manufactures advanced chips for ... Read more ›
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Alexis Ohanian, the co-founder of Reddit and an investor, joined billionaire Frank McCourt’s bid to acquire TikTok as a strategic adviser specializing in social media. McCourt, through his entity that researches and advocates on internet issues Project Liberty, has expressed interest in ... Read more ›
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I enjoyed meeting many of you at AI Agenda Live in San Francisco last week! Thank you for coming. Next up is our April 28 event in New York on how the AI boom is being financed. Right on cue, my colleagues just published articles about the tens of billions of dollars that SoftBank and CoreWeave are hoping to borrow to develop artificial intelligence data centers.Let’s get to the news…OpenAI... Read more ›
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It should have been easy. YouTube in late 2022 began including in its app video-streaming services operated by other media companies, such as Paramount Global’s Paramount+ and Warner Bros. Discovery’s Max. People could sign up for the services directly from the YouTube app—YouTube would get a cut—and watch without toggling around on their TV. Amazon makes a lot of money out of a similar feature. But those efforts stalled for... Read more ›
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CoreWeave, the Nvidia-backed startup cloud provider that is preparing one of the most anticipated initial public offerings of the year, grew revenue exponentially while pouring cash into capital expenditures last year, two people familiar with the matter said. The company is expected to publish its IPO prospectus this week and go public this month. CoreWeave generated about $1.9 billion in revenue in 2024, the people said. That is eight times... Read more ›
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President Donald Trump said on Sunday that he supports a U.S. “crypto strategic reserve” that will include not just bitcoin, but also ether, Ripple-associated XRP, Solana, Cardano and other “valuable cryptocurrencies.” In a post on Truth Social, he said he directed a presidential working group ... Read more ›
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The biggest risk-taker in tech investing is back to his old playbook, loading up on debt to fund his latest obsession: artificial intelligence. SoftBank Group CEO Masayoshi Son is planning to borrow $16 billion to invest in AI, his company’s executives told banks last week, according to a person with direct knowledge of the discussions. The talks haven’t been previously reported. The company might borrow another $8 billion in early... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Why Runway thinks it can outrun OpenAI and Google• Artificial Intelligence: AI.com is up for sale. Asking price? $100 million• The Top 5: The very best sleep and health tech for kids • Plus, our Recommendations: A father confesses his darkest secrets; how a financial scheme fueled a murder land; and Netflix’s slam-dunk documentary On a bit of a whim last year,... Read more ›
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The last decade brought the beginning of the biohacking era, prompting American adults to fill their homes with trackers and smart devices to better study and fine tune their health. It was perhaps inevitable that the same interest would lead to a mound of similar technology aimed at a different target market: kids. In a recently published survey of over 1,500 parents of kids 8 years old and younger by... Read more ›
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Deep in Queens, New York, out near John F. Kennedy Airport, Larry Fischer was distraught. One of his favorite Italian joints—Don Peppe, the place where he lunched with Facebook’s lawyers after selling them Messenger.com in 2014—had closed for vacation this past week. It had seemed like a fitting place for our conversation about another domain name deal he’s got in the works that he hopes can be even higher profile.... Read more ›
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When I last checked, Google co-founder Sergey Brin was still one of the two people who between them control the massive tech company. As of last year, at least, Brin had a 25% voting stake, while his co-founder, Larry Page, had a tad more. So why on earth is Brin suggesting people on Google’s Gemini team come into the office every day and in general work harder (like 60 hours... Read more ›
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Grubhub is cutting about 500 jobs, representing just over 20% of its workforce, weeks after the food delivery service was acquired by Marc Lore’s food company Wonder. In a memo announcing the cuts, Grubhub CEO Howard Migdal said the move would help Wonder and Grubhub “work together to achieve ... Read more ›
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Startup Passes was hit with a class action lawsuit alleging that the creator membership site founded by Lucy Guo distributed child pornography. The complaint, filed by OnlyFans creator Alice Rosenblum in the Southern District of Florida, claims that Passes recruited young women that it knew ... Read more ›
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23.03.2026 22:57
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