Shein has filed confidentially for an initial public offering in Hong Kong, the FT reported, marking the fast-fashion giant’s latest attempt to go public amid intense scrutiny from regulators. Shein, which was founded in China and is now headquartered in Singapore, originally aimed to go ... Read more ›
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Mistral AI is in discussions with investors including Abu Dhabi’s MGX about raising $1 billion in equity, Bloomberg reported. MGX, which is backed by the United Arab Emirates and has about $100 billion in assets, has made investments in several other artificial-intelligence developers including ... Read more ›
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Several startups offering computing power for artificial intelligence are embracing the “borrow big to grow fast” strategy pioneered by CoreWeave, loading up on debt backed by their stocks of high-powered chips. For instance, London-based cloud startup Fluidstack has gotten approval from Macquarie and other lenders to borrow more than $10 billion leveraging its holdings of Nvidia AI chips, or graphics processing units, as collateral, said people familiar with the company’s... Read more ›
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The data-access battle between software incumbents and younger AI startups that could pose a threat to them continues to expand.In the latest front, Figma, which makes tools for software designers and developers, recently began limiting outside firms’ access to Figma customer projects, according to the CEO of an enterprise search startup that lets businesses search for files or data across numerous apps they use, including Figma. Read more ›
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Chinese tech founders with strong pedigrees are starting to attract attention in Silicon Valley, including from OpenAI, for launching artificial intelligence agents targeting the U.S. market. They’re following in the footsteps of Manus, a browser-using agent developed by Chinese founders that briefly went viral earlier this year and got financial backing from Benchmark.With names like Genspark, Lovart, Flowith and Fellou, agents developed by Chinese founders aim to automate all kinds... Read more ›
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Cybersecurity startups are busy touting their next big opportunity: safeguarding companies from the threats generated by artificial intelligence. That’s led to surging revenue for some of them. But previously unreported financial details for others—particularly young startups focused on safeguarding AI models—show corporate IT buyers have been slow to pay for this protection. Three-year-old HiddenLayer, which sells software to protect AI models from attacks that hurt their performance or accuracy, is... Read more ›
27
Waymo said on Monday that it would begin testing its robotaxis in Philadelphia with safety drivers behind the wheel. The city is one of many in which the company is performing what it calls “road trips,” where human operators drive Waymo’s robotaxis to collect data about the local geography and ... Read more ›
4
Hundreds of entrepreneurs have signed an open letter to Sequoia Capital pushing the firm to denounce remarks made by partner Shaun Maguire, who accused New York City mayoral candidate Zohran Mamdani of advancing an “Islamist agenda” and said he came “from a culture that lies about everything.” “ ... Read more ›
1
In just three months, CoreWeave has gone from an iffy IPO candidate to a financial monster gobbling up rivals. That’s what a 300% stock rally can do.CoreWeave’s $9 billion bid, announced Monday, for its rival in the artificial data center business, Core Scientific, has far more significance than just a flashy deal. It also shows the dominance of artificial intelligence in all parts of tech and the crazy valuations that... Read more ›
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Meta Platforms is hiring a researcher from Apple as part of an aggressive push to recruit artificial intelligence talent, after stumbles over the past year. Ruoming Pang, a distinguished engineer and the manager of Apple’s foundation model team, is joining Meta’s new AI organization, Meta ... Read more ›
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Epic Games has settled an antitrust lawsuit against Samsung over allegations that the South Korean smartphone maker conspired with Google to block rival app stores on Android phones. A Monday court filing didn’t disclose any of the terms of the settlement, but Tim Sweeney, CEO of Epic, ... Read more ›
0
OpenAI has told investors that stock-based compensation increased by more than five times last year, to $4.4 billion, accounting for 119% of last year’s total revenue, The Information reported. The company projected stock-based compensation as a percentage of revenue would drop to a still-high ... Read more ›
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Amazon is teaming up with delivery startup Gopuff to offer same-hour deliveries of groceries and other household goods to U.K. shoppers, Amazon said in a statement Monday. Shoppers will be able to order products from Gopuff through Amazon’s website and app, and Gopuff will fulfill the orders ... Read more ›
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Tesla shares closed down 6.8% at $293.94 on Monday after CEO Elon Musk said over the weekend that he was forming a new political party and continued to spar with President Donald Trump. Musk said in a Saturday X post that he would launch the “America Party” that would support congressional ... Read more ›
25
The term “agent” or “agentic” has become so ubiquitous in the business world that it can now seem to mean everything or nothing at all. In its simplest form, an agent is artificial intelligence that handles multistep tasks without requiring a human to steer it the whole time. In other words, an agent goes beyond what the basic version of ChatGPT can do. In the past year, AI firms have... Read more ›
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Amazon is teaming up with delivery startup Gopuff to offer same-hour deliveries of groceries and other household goods to U.K. shoppers, Amazon said in a statement Monday. Shoppers will be able to order products from Gopuff through Amazon’s website and app, and Gopuff will fulfill the orders ... Read more ›
0
CoreWeave has agreed to buy Core Scientific in an all-stock deal worth about $9 billion, in a push to expand its artificial intelligence data center capacity. The transaction values Core Scientific’s stock at $20.40 per share, a 66% premium to the company’s share price of $12.30 on June 25, the ... Read more ›
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Artificial intelligence firms’ failure last week to convince U.S. lawmakers to ban state-based laws targeting AI means all eyes are now on state legislatures that aim to pass them.One law that’s close to the finish line is New York’s Responsible AI Safety and Education Act. The state legislature passed the bill in June, and eventually it will head to the desk of the governor, who will decide whether to sign... Read more ›
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OpenAI has signaled it will hike pay for some employees in the wake of a raid by Meta Platforms on its artificial intelligence researchers. That could mean a significant increase in the billions of dollars in stock awards it already accounts for, threatening to further dilute investors after a planned corporate restructuring. The San Francisco startup has told investors stock-based compensation jumped more than five times last year, to $4.4... Read more ›
12
The Trump administration is planning to restrict the sale of key artificial intelligence chips to Malaysia and Thailand as part of an effort to block China’s access to such chips through intermediaries in Southeast Asia, Bloomberg reported. The Commerce Department is working on draft export ... Read more ›
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Most popular sources
Eurogamer.net
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20% 14 |
Business Insider
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12% 6 |
Gizmodo
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10% 2 |
The Verge
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9% 1 |
Wired
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8% 0 |
| View sources » | |
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11.07.2025 05:15
Last update: 05:11 EDT.
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