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 ›
0
Instagram has been firing on all cylinders to take advantage of the uncertainty around TikTok in the U.S. The latest: the Meta Platforms-owned app is now considering whether to spin out Reels into a separate app, as we were first to report on Wednesday.  A separate app for Reels could make a lot of sense. Instagram has had an identity crisis in recent years as it has tried to balance... Read more ›
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You could sum up the vibe at this year’s Upfront Summit, the Los Angeles gathering of venture capitalists and the limited partners who back them, as: always be raising. Followed closely by, beware a correction in artificial intelligence startups. Mark Suster, a partner at Upfront Ventures, kicked off the event by shouting out fund managers who were in the market for new money, such as early-stage investor Crosscut Ventures. Chelsea... Read more ›
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The CEO of one of the biggest advertising companies, WPP, said that clients have returned to Elon Musk’s X in the past few months, the Financial Times reported today. WPP CEO Mark Read told the news outlet that X has seen more advertising since the election, though did not comment on why ... Read more ›
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Apollo Global Management is in talks to lead a $35 billion debt financing by Meta Platforms to build data centers in the U.S., according to a Bloomberg report. The move comes as Meta discusses building a large data center campus, which could total $200 billion given the size of the project and ... Read more ›
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Enterprise software companies that raised money at lofty valuations during the pandemic startup boom are facing many obstacles as they look to jump-start growth. One is the threat from generative artificial intelligence.In our Enterprise Software Startup Takeover List, we’ve identified 92 promising candidates for acquisitions in the coming year. The challenge for many of those companies—all of which were founded in the pre-ChatGPT era—will be articulating to any potential buyer... Read more ›
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Payments processing firm Stripe said it had struck a deal with investors to finance a tender offer for current and former employees to sell shares at a valuation of $91.5 billion valuation, only a little way from its peak valuation of $95 billion reached in 2021. Stripe’s valuation had fallen to ... Read more ›
0
The Federal Reserve’s outgoing banking regulator Michael Barr defended its approach in supervising banks’ activities in crypto, amid growing calls from the crypto and banking industries for an overhaul of regulatory guidance on crypto. Barr said banks provide material and important services to ... Read more ›
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Microsoft called on the Trump administration to roll back Biden-era rules that restricted the export of cutting-edge chips used to train and run AI models, company president Brad Smith said in a blog post on Thursday. The rules, which restrict the shipment of graphics processing units made by ... Read more ›
0
The Federal Aviation Administration is considering terminating a $2.4 billion contract with Verizon—to upgrade the agency’s communications platform for air traffic control—and awarding the work instead to Elon Musk’s Starlink, according to the Washington Post. Granting the contract to Musk’s ... Read more ›
5
Happy AI Agenda Live day! I’m so excited to see many of you at our event later today, where we’ll hear from executives at top AI firms like Anthropic and Google as well as venture capitalists and founders on what research breakthroughs are coming and where to invest.One topic we’ll be sure to broach is the growing pressure chief financial officers are putting on their colleagues to start showing a... Read more ›
43
The seemingly mundane world of human resources management startups is not the place you’d expect to see cutthroat corporate blood sport, battles linked to global geopolitics, and questions about whether companies took on the wrong customers to boost growth. But Deel and Rippling are hardly ordinary startups. Their feud spilled into open view earlier this year in a Florida courtroom. A court-appointed receiver to a fraudulent investment scheme accused Deel... Read more ›
0
Warner Bros. Discovery’s direct-to-consumer segment, which includes its Max and Discovery+ streaming services as well as the traditional HBO network, continues to grow but was unable to offset the ongoing decline in the company’s traditional TV business during the fourth quarter of ... Read more ›
0
Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, is in talks with potential investors to raise roughly $1 billion in funding, according to a person with knowledge of the fundraising talks. The company is currently not generating revenue, according to the same person. A ... Read more ›
0
At a splashy media event in Manhattan today, I watched Amazon CEO Andy Jassy and other executives of the company unveil a long-awaited revamp of Alexa, meant to be a chattier, more helpful and more personalized version of the voice assistant. They demonstrated how to use Alexa+, as the updated version is dubbed, to order groceries from Amazon Fresh, book a lunch reservation through OpenTable and control smart home features.... Read more ›
0
Elon Musk attended Donald Trump’s first cabinet meeting Wednesday, telling the room that his Department of Government Efficiency group, which is leading cost-cutting efforts across the federal workforce, was going to “make mistakes.” Addressing questions about his demand at the ... Read more ›
0
Snowflake shares rose more than 11% after the database provider said its revenue grew 27% to nearly $987 million in its January quarter, which exceeded the high end of its forecast by more than $30 million. The results show that investors think Snowflake is well-positioned to benefit as more ... Read more ›
0
There’s been a lot written about how U.S. creators will handle a potential TikTok shutdown in the U.S. But TikTokers in other countries such as the United Kingdom also stand to lose—and some are already finding it’s harder to close advertising deals. U.K. creators have sizable portions of their TikTok audiences in the U.S., with estimates ranging from 20% to more than 40%, British talent managers told me on a... Read more ›
1
Snowflake Chief Financial Officer Michael Scarpelli is stepping down, following his longtime colleague Frank Slootman out the door. Scarpelli had joined the database provider in 2019 from ServiceNow, shortly after Slootman became CEO, also from ServiceNow. Slootman left a year ago, succeeded by ... Read more ›
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Salesforce on Wednesday said revenue rose 8% to $10 billion in the January quarter, mirroring the growth it posted in the prior two fiscal quarters. The result highlights the challenges facing the enterprise software vendor as it reorients its business around selling artificial intelligence. ... Read more ›
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Instagram is considering launching a stand-alone app for its short-form–video feature, Reels, Instagram chief Adam Mosseri told staff this week, according to a person who heard the remarks. Such an app would be similar to the TikTok experience of scrolling through videos, and would be Instagram’s most aggressive move so far to take advantage of its Chinese-owned rival’s uncertain position in the U.S. Instagram’s efforts to take on TikTok are... Read more ›
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20.03.2026 14:01
Last update: 13:56 EDT.
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