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 ›
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Nvidia on Wednesday said revenue rose 78% year-over-year to $39.3 billion in the quarter ending in January, continuing a streak of more than two years of beating its own revenue growth projections. The company had projected 70% growth for the quarter three months ago and on Wednesday forecast ... Read more ›
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Paramount Global’s streaming business posted an adjusted loss of $286 million during the fourth quarter of 2024, after it had eked out a profit the prior two quarters. Revenue for this segment, which includes the Paramount+ and Pluto TV streaming services, grew 8% year over year to $2 billion. ... Read more ›
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Database provider Snowflake recently talked with OpenAI about a deal that would let Snowflake customers access OpenAI’s artificial intelligence directly, possibly without needing to use an application programming interface from OpenAI or its cloud provider Microsoft, according to a Snowflake ... Read more ›
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Shares of mobile gaming ad firm AppLovin fell 15% on Wednesday after two short-selling firms published detailed reports slamming the sustainability of the company’s surging ad business which lifted the stock 712% last year. The high flying stock has now fallen 38% in the past two weeks and is ... Read more ›
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Amazon unveiled the long-awaited new version of its Alexa voice assistant on Wednesday. The new version of Alexa, which will gradually roll out to consumers beginning in March, is more conversational than its predecessor and can accomplish more tasks, Amazon executives said. The new version of ... Read more ›
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Many startups that sell cloud-based software to companies are struggling with the aftermath of the pandemic’s low-interest-rate period, which encouraged businesses to spend more on tools to help employees work remotely and investors to pour tens of billions of dollars into these startups. Now dozens of them face dwindling choices. They are growing too slowly to be good candidates for initial public offerings, at least for the next few years.... Read more ›
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Jeff Bezos has ordered a revamping of the Washington Post’s opinion pages to write “in support and defense of two pillars: personal liberties and free markets.” Viewpoints opposing those pillars won’t be published, he said in a post on X on Wednesday morning. As a result of the switch, the Post’ ... Read more ›
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Before we get into today’s column, leaders at OpenAI have told some employees that GPT-4.5—the model known internally as Orion—will be released this week, according to a person with knowledge of the conversations.Don’t get too excited though. A person who’s tested the model told us that its performance on certain tasks have been mixed; for instance, Anthropic’s recently-released Claude 3.7 Sonnet beats it on certain benchmarks, the person said.Perhaps we... Read more ›
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Cloud and chip executives have predicted for two years that Nvidia’s dominance in artificial intelligence server chips would crater, but that hasn’t come to pass. Yet Rene Haas, CEO of Arm Holdings, whose chip designs power part of Nvidia’s systems as well as those of major competitors, feels comfortable saying it’s only a matter of time before sales of other AI chips grow meaningfully as well. Read more ›
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Chinese tech giant Alibaba Group said Wednesday it will release open-source versions of its artificial intelligence video models. Alibaba’s cloud computing division said it is open-sourcing four of its Wan2.1 AI models that generate videos while making them available for free. Alibaba’s Wan ... Read more ›
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Is Tesla the next Twitter? You might think so, given data from Europe’s car manufacturers group today showing that new car registrations of Teslas fell a whopping 50% in Europe last month (including the U.K., the decline was 45%). Buyers deserted Tesla as Europe’s electric vehicle market overall rose 34% in the same period. Tesla’s sharp market share decline came the same month that Tesla CEO Elon Musk was parading... Read more ›
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Meta Platforms is in talks to build a new data center campus for its artificial intelligence endeavors that would dwarf anything the company has done to date and would be among the biggest of its kind, according to two people who have spoken to Meta executives about it. Based on the number of chips and the amount of power the company is discussing for the campus, it could cost more... Read more ›
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I’m overcaffeinated from a string of meetings in San Francisco this week. I’m asking people how long the venture capital industry can keep pouring money into startups without getting much cash back from initial public offerings or mergers. One manager compared this dynamic to a traffic jam. We’ll soon know whether this backlog will start to clear up, as the IPO market is about to get its biggest test in... Read more ›
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One of enterprise software’s bitter rivalries—between data security firms Rubrik and Cohesity—came to a head last year when Rubrik went public in an offering with a nearly $7 billion valuation. Now Cohesity, which is still private, is pitching investors on the notion that it’s the better deal. The Santa Clara, Calif.–based startup, which like Rubrik helps businesses manage and protect data against ransomware attacks, has told potential investors in a... Read more ›
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Instacart’s revenue grew 10% in the fourth quarter to $883 million, a slightly slower growth rate than in the third quarter. The quarter ended a year where Instacart’s revenue growth slowed sharply but order growth jumped. During the year, Instacart dropped delivery charges for orders as small ... Read more ›
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Lucid CEO Peter Rawlinson stepped down eight years after joining the company and transforming it from a battery maker to the developer of some of the industry’s most innovative—and expensive—electric vehicles. The move was surprising. The company apparently was not prepared for Rawlinson’s exit, ... Read more ›
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Meg Strachan, founder of lab-grown jewelry line Dorsey, knows firsthand the power of creator marketing. But these days, she’s not as interested in yet another partnership with an Instagram or TikTok creator to promote the brand: Instead, Strachan is branching out by teaming up with creators on newer platforms including Substack. Read more ›
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An executive at Circle, the world’s second largest stablecoin issuer, said in an interview on Tuesday that the company is advocating for stablecoin legislation that treats U.S.-based and overseas stablecoin companies equally. Dante Disparte, chief strategy officer of New York-based Circle, said ... Read more ›
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Tesla’s sales in Europe fell by about half in January, according to data released on Tuesday by the European Automobile Manufacturers Association, even as electric vehicle sales overall grew 34%. Including the UK, Tesla’s sales fell 45%. The stunning slump suggests Elon Musk’s endorsement of ... Read more ›
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Chegg, a company offering online homework help, sued Google and its parent company Alphabet on Monday, alleging that Google’s AI-generated summaries in search results have hurt Chegg’s traffic so much that it is now considering seeking to be acquired. The case appears to be the first antitrust ... Read more ›
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20.03.2026 14:01
Last update: 13:56 EDT.
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