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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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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TikTok music executive Ole Obermann is leaving the company next month for a different role in the music industry, Music Business Worldwide reported. Obermann, who was global head of music business development at TikTok parent company ByteDance, will be replaced by Tracy Gardner. Obermann, who is ... Read more ›
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Multinational companies in regulated industries like pharmaceuticals and insurance have been somewhat reluctant to adopt generative artificial intelligence to handle legally sensitive documents due to the risk of AI-generated mistakes.That seems to be changing. Take Novo Nordisk, the Danish drugmaker behind Ozempic. The company for years has tested chatbots such as OpenAI’s ChatGPT and models such as Meta Platforms’ Llama to help write documents it files to regulators when submitting... Read more ›
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Twenty-one civil service employees resigned Tuesday from Elon Musk’s Department of Government Efficiency, saying they refused to “dismantle critical public services,” according to the Associated Press. The employees, who worked for the United States Digital Service before it was renamed DOGE ... Read more ›
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If you’ve been on X at all in the last few days, you’ve probably come across posts in which people described jailbreaking xAI’s new Grok 3 model. For instance, one person asked the chatbot how to make chemical weapons, while another revealed instructions xAI gave the model to stop it from saying that Elon Musk is the top spreader of misinformation on X.For all the attention these posts might have... Read more ›
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These days, it seems like every celebrity wants to start their own brand. Just look at Robert Downey Jr., who raised venture money last year for a coffee company he co-founded, or the gamers-slash-boxers-slash-influencers launching their own energy drinks, men’s body wash and more. But investors say they’re overwhelmed by pitches for undifferentiated or low-quality goods and are quickly souring on the sector. Four early-stage investors who previously backed celebrity... Read more ›
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Cohere, one of the earliest venture-backed developers of artificial intelligence models, has grown significantly in the last year, despite competition from OpenAI and Anthropic and the proliferation of cheap, open-source alternatives like DeepSeek. Annualized revenue hit $70 million at the start ... Read more ›
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This is what passes for news nowadays? On Monday, Apple grabbed plenty of headlines with its claim that it will “spend and invest more than $500 billion in the U.S. in the next four years.” That sounds like a big deal—until you read further down in the announcement and realize it’s simply describing the money Apple spends in the normal course of business. That’s right—Apple’s announcement was essentially a promise... Read more ›
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OKX, one of the world’s largest and oldest crypto exchanges, pleaded guilty on Monday to charges by the U.S. that it operated an unlicensed money transmitting business. The exchange agreed to forfeit $420 million and pay a fine of $84 million, the U.S. Justice Department said. The ... Read more ›
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The Trump Administration told agency leaders Monday that they could ignore statements from billionaire Elon Musk that federal employees will lose their jobs if they don’t send an email by late tonight detailing what they accomplished last week. According to the Washington Post, the Office of ... Read more ›
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Pronto, a seven-year-old startup co-founded by Anthony Levandowski, one of the founders of Waymo, said Monday it reached an agreement to use its autonomous driving technology on 100 trucks operating at Heidelberg Materials’ sites around the world over the next three years. Pronto designs the ... Read more ›
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Rival crypto exchanges are stepping in to shore up the finances of the world’s third biggest exchange, Bybit, after hackers stole $1.4 billion from the firm last week. In doing so, the crypto industry is hoping to calm investor worries that the hack could lead to another FTX-like implosion. Several exchanges, including Bitget and MEXC, have made emergency loans to Bybit to replenish tokens lost in the hack so Bybit’s... Read more ›
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Anthropic on Monday released its latest artificial intelligence model, Claude 3.7 Sonnet, and Claude Code, a coding assistant that aims to compete with similar products from Anysphere and Replit. Those companies’ coding assistants are powered by Anthropic software, meaning that Anthropic is ... Read more ›
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You don’t have to look far to find examples of artificial intelligence startups fetching wild valuations, as some in-the-works deals for robotics and startups founded by OpenAI alumni have shown. But such examples obscure changes in how investors are valuing AI startups. The biggest developers of foundation models, such as OpenAI and Anthropic, are now cheaper than they were a year ago, based on their valuations as a multiple of... Read more ›
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Microsoft said its plan to spend $80 billion on data centers in the fiscal year that ends in June “remains on track” despite a report from the investment firm TD Cowen on Friday saying the company was cancelling leases with data center operators. The report did not specify when the leases were ... Read more ›
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Cohere, one of the earliest venture-backed developers of artificial intelligence models, has faced plenty of headwinds in the last two years. The company has been under threat from better-funded competitors like OpenAI and Anthropic and faces competition from cheap, open-source alternatives like DeepSeek.In spite of all that, the company is still growing at a decent clip, though its business remains tiny compared to those of its competitors. Annualized revenue hit... Read more ›
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Salesforce announced it had picked Google Cloud as a major cloud provider, in addition to Amazon Web Services, after negotiations that also encompassed Microsoft and Oracle. The deal gives Salesforce customers to use Google’s Gemini artificial intelligence models to build Salesforce-branded AI ... Read more ›
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Just over a year ago, Brex had the makings of the latest Silicon Valley trainwreck. The corporate credit card startup was blowing through the billions in venture capital it had raised. Growth had slowed, competition increased and its valuation had tumbled. Brex named its 28-year-old cofounder Pedro Franceschi as sole CEO. He launched a turnaround, preaching a new less-is-more, command-and-control ethos to stem the bleeding. His cofounder and face of... Read more ›
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Alibaba Group said Monday it plans to invest at least 380 billion yuan ($53 billion) over the next three years in cloud computing and artificial intelligence infrastructure. The amount is larger than the company’s total cloud and AI spending over the past decade. Alibaba is betting on the ... Read more ›
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Apple has long-term plans to integrate its new in-house modem into its iPhone processor, Bloomberg reported Sunday. The move, which could happen as early as 2028, could make the iPhone more energy efficient and further reduce its costs, the report said. Modems typically have their own processors ... Read more ›
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22.03.2026 05:21
Last update: 05:15 EDT.
News rating updated: 11:11.
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