Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khamenei’s death, Kalshi said it couldn’t pay out any ... Read more ›
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Binance.US, the American crypto platform founded and majority owned by Changpeng Zhao, said it has hired Stephen Gregory as its new chief executive officer, as it doubles down on the U.S. market. The move is a signal that Binance.US plans to expand after resolving regulatory and banking troubles ... Read more ›
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Google has completed its $32 billion acquisition of the cybersecurity startup Wiz, the companies announced on Wednesday. Wiz will become part of Google Cloud, but Wiz customers can continue to use different cloud providers. The deal, Google’s largest-ever acquisition, was announced almost a year ... Read more ›
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Federal Communications Commission Chair Brendan Carr attacked Amazon in a Wednesday social media post after the company petitioned against a request by SpaceX for permission to launch one million satellites into space to create an orbital data center constellation. While it’s common practice in ... Read more ›
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Tesla and xAI are working together on a joint artificial intelligence project, Elon Musk said Wednesday. The move, which comes after turnover at xAI, is the latest shift in Musk’s plan to build AI designed to replace white collar workers. In a X post, Musk said “Macrohard or Digital Optimus is a ... Read more ›
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Microsoft is in advanced talks to lease hundreds of megawatts of data center capacity at a closely watched artificial intelligence campus in Abilene, Texas, after rival Oracle walked away from the same opportunity, according to a person with direct knowledge of the discussions and another person briefed about it. Meta Platforms is also in talks to lease the site, The Information previously reported. Setting up and running the proposed facilities... Read more ›
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Shopify Chief Financial Officer Jeff Hoffmeister said the e-commerce software company wasn’t yet seeing many transactions completed by AI shopping tools, even though shoppers are increasingly using chatbots to look for product recommendations. “As you think about true agentic commerce and how ... Read more ›
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Nvidia will invest $2 billion in Amsterdam-based AI cloud company Nebius Group and the two companies will work together to build data centers using 5 gigawatts of energy by the end of the decade. The deal, announced by both companies Wednesday, adds to the growing tally of investments ... Read more ›
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Uber announced it would offer the Zoox robotaxi to customers starting this year. This is the first time the Amazon-owned self-driving car company has partnered with an outside ride-hailing app. Zoox will be available on the Uber app starting this summer in Las Vegas, and next year will be ... Read more ›
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For much more on AI finance, please join me and my colleague Cory Weinberg at the New York Stock Exchange on Monday, April 27, for The Information’s Financing the AI Revolution forum. Hear from top executives and investors on how the rapid buildout of AI is reshaping tech, finance, and capital markets. Learn more here.It’s hard to overstate how lucky AI developers were that their brilliant technical breakthroughs occurred when... Read more ›
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Online retailer Quince announced a new $500 million funding round Wednesday, more than doubling the company’s previous valuation to more than $10 billion, including the investment. The announcement confirms a report by The Information last week that the company was in talks with investors. The ... Read more ›
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The global memory chip shortage sparked by the AI boom has prompted companies including Google and Nvidia to spend more effort on alternatives that could ease the supply crunch. One of them is a technology that allows servers to share memory across a data center.The technology, Compute Express Link, or CXL, is seven years old but was slow to take off until recently, in part because it slows down data... Read more ›
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Amazon raised $37 billion in bonds, the company confirmed in a securities filing on Wednesday, buttressing its balance sheet as it ramps up its investment in AI. the bonds range from two year notes to 50 year notes. The debt-raising comes just four months after Amazon raised $15 billion in ... Read more ›
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With OpenAI suddenly scaling back on chatbot checkouts, its foray into shopping hinges on convincing retailers to set up shop with dedicated apps within ChatGPT—and getting people to buy stuff there. It faces hurdles on both fronts. ChatGPT apps have been around for just a few months—available for around 100 consumer firms, including Uber and Instacart—but shoppers may not know they exist or how to access them. Right now, ChatGPT... Read more ›
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A cybersecurity agency in China issued a warning about the security risks of using OpenClaw, the viral AI agent builder that has become wildly popular in the country. OpenClaw’s fragile security configuration could allow attackers to gain full control of the system, said the National Computer ... Read more ›
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Tencent Holdings is secretly building a new AI agent for its hugely popular WeChat messaging app, in hopes of leapfrogging rivals like Alibaba Group and ByteDance in the race to dominate China’s domestic AI market, The Information reported. The new agent would connect with the millions of ... Read more ›
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OpenAI plans to soon launch its Sora AI-generated video capabilities in ChatGPT, according to people with knowledge of the effort. The strategy shift could increase the chatbot’s usage as well as its costs. The move comes about five months after OpenAI released a Sora mobile app, which lets people quickly create videos of themselves and other people or animals doing mesmerizing or humorous acts. The app’s look and feel mimics... Read more ›
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Growth equity firm Glade Brook says it has closed over $1 billion in new funds, nearly double the last fund. The firm invests in AI, space, defense tech, internet and fintech startups, including SpaceX, Stripe and Ramp. The new fund raise is the latest by an investor that can point to ... Read more ›
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Oracle managed to calm some frayed nerves on Wall Street on Tuesday. The cloud and software firm, which has become a focal point for investors’ anxiety about AI-related spending, reported slightly better than projected revenue for its February quarter. More importantly, for the second time in two quarters, it raised its revenue projection for next fiscal year, which starts in June. Oracle now projects revenue in fiscal 2027 to rise... Read more ›
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Is investing in consumer startups back? Well, it’s back from the dead.When we broke the news of fashion e-tailer Quince’s $10 billion valuation last week, I thought maybe I was back in 2021. It wasn’t long ago that direct-to-consumer brands like Warby Parker and Daily Harvest and more were raking in investment dollars. But following some startups’ disappointing public debuts and low-priced acquisitions, venture funding for consumer startups almost came... Read more ›
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Ravi Gupta, a partner at Sequoia Capital, and John Hegeman, former chief revenue officer at Meta, are raising at least $1 billion for their new venture called Ithaca Holdings, a Berkshire Hathaway-style holding firm that will find acquisition targets and drive growth in part by using artificial ... Read more ›
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13.03.2026 22:52
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