For a company whose name refers to divine prophecies, Oracle hasn’t done a very good job of predicting the future. Investors, though, appear to believe in the company’s latest, most incredible forecast. The database giant last week upped its forecast for future revenue it expects to generate, based on its current contracts, by a whopping $317 billion. That’s 359% higher than last quarter’s projection. Executives attributed the boost to a... Read more ›
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China’s tech giant Huawei Technologies unveiled on Thursday a three-year roadmap for its artificial intelligence chips designed to challenge Nvidia’s stranglehold on the market. The roadmap is the latest example of China’s effort to reduce its dependence on American semiconductor technology. The ... Read more ›
0
Meta Platforms introduced a version of its Ray-Ban smart glasses with a display and a wristband for controlling the device at its developer conference Connect on Wednesday. The company also unveiled a new generation of its Ray-Ban smart glasses with several improvements but no display, as well ... Read more ›
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Note to private tech CEOs: The IPO market may look like it’s rocking but looks can be deceiving. If your company isn’t growing fast, and/or has a lot of debt, and doesn’t have either a crypto or AI angle, don’t expect a crush of demand. Check out StubHub, which fails on all the counts I just mentioned. Its stock tanked on its opening day as a public company, finishing down... Read more ›
2
Axon Enterprise, a maker of police body cameras and Taser electroshock devices, is in advanced talks to buy Prepared, a startup that sells software to emergency responders, including an artificial intelligence tool that summarizes real-time transcripts of 911 calls, according to a person involved in the deal. The companies are discussing a deal worth $800 million to $900 million, according to this person and two others who were briefed about... Read more ›
0
Cloud security startup Netskope has priced its planned initial public offering at $19 per share, according to two people with direct knowledge of the plans. The Santa Clara, Calif.-based startup earlier this week lifted its price range to $17 to $19 per share from $15 to $17, The Information ... Read more ›
0
A group of California-based nonprofits sent a letter to the state’s attorney general Rob Bonta on Wednesday asking him to reject OpenAI’s recent proposal to give the nonprofit that governs OpenAI a stake worth $100 billion in the for-profit arm of the ChatGPT maker. “The proposed $100 billion ... Read more ›
6
Shares of StubHub closed at $22 on its first day of trading, more than 6% below its initial public offering price of $23.50. The offering raised $800 million. Stubhub CEO Eric Baker said in an interview that the company is betting on future revenue growth from direct ticket sales. The ... Read more ›
39
Tesla has settled two lawsuits over crashes involving its Autopilot driver assistance software that were due to go to trial in California next month. The settlements come weeks after Tesla was found partially liable in a similar lawsuit over another crash in Florida. The lawsuits Tesla settled ... Read more ›
0
The long-awaited sale of TikTok’s U.S. business appears headed to a final resolution this week after China and the U.S. agreed to the framework for a deal during trade talks in Spain. A Chinese government official confirmed that China has agreed to let TikTok’s parent, ByteDance, license the TikTok algorithm—which dictates what users see on the app—to the new owners, clearing a key hurdle for any deal. But many questions... Read more ›
1
Amazon unveiled a range of new artificial intelligence-powered tools for sellers Wednesday, including a tool that will allow merchants to create ads through a conversational chatbot. The ads created by the tool, which is powered by AI models including Amazon’s Nova model and Anthropic’s Claude, ... Read more ›
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Businesses are evaluating a growing list of AI products aimed at specific uses. We asked our Deep Research tool, “What are the biggest applied artificial intelligence themes for the coming 12 months?”, and received the following answer. Read more ›
0
Earlier this month, a federal court issued its remedies for the Department of Justice’s case against Google Search. However, there’s another equally consequential remedies decision before the court that could reshape the integrity of the open web and the future of digital publishing. In this case, the court has already ruled that Google exercised anticompetitive monopoly power in display advertising, substantially harming publishers. But the question before them now is... Read more ›
0
In the fight to improve AI models, Anthropic and OpenAI have doubled down on two methods: letting models train on fake clones of apps—otherwise known as reinforcement learning environments or gyms—and getting experts in various fields to teach models new things, as I reported in this Tuesday story.One problem is emerging, though: It’s getting a lot harder for human experts to stump the models and expand their knowledge in certain... Read more ›
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September is on track for six venture-backed tech listings, the most since November 2021. The rising number of IPOs means venture funds can start returning more cash to the limited partners that back them, relieving one of the strains that had held back VC fundraising over the last few years. Nearly all of September’s listings are from companies more than 10 years old. These include Netskope, which plans to price... Read more ›
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MGX, the United Arab Emirates-backed fund, will join Silver Lake in purchasing a 51% stake in Altera, a programmable chip business spinning out of Intel, the fund said Tuesday. Altera is MGX’s first investment in a chip business since the UAE started the fund last year with about $100 ... Read more ›
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Our long international nightmare may soon be over. Both China and the U.S. seem to be in agreement about the terms under which TikTok U.S. will be sold to a new company majority-owned by Americans, judging by a statement overnight from a Chinese government official. We don’t know the details, including the full investor lineup in the new TikTok, whether the U.S. government will take a stake (as Trump earlier... Read more ›
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One question has loomed over OpenAI investors for years: How would they generate a return on their investment? The ChatGPT maker is a nonprofit that capped the potential returns of early backers in its for-profit arm, such as Khosla Ventures and Microsoft, and would prevent the newer investors including Thrive Capital and SoftBank from reaping major gains unless the for-profit arm was restructured.As the chart below shows, the company’s planned... Read more ›
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The White House delayed enforcement of a law that requires TikTok to divest from its Chinese parent company or face a ban in the U.S. for the fourth time since President Donald Trump came to office in January. The latest waiver of the law extends the deadline for enforcement until Dec. 16. ... Read more ›
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SpaceX is aiming to test direct-to-cell Starlink service late next year using wireless spectrum it plans to acquire from EchoStar, the company’s president Gwynne Shotwell said on Tuesday. “We hope to be launching our next-generation direct-to-device satellites in two years, and hopefully maybe ... Read more ›
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Most popular sources
Business Insider
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28% 13 |
Wired
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13% 11 |
Android Authority
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8% 4 |
MacRumors
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6% 2 |
Gizmodo
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6% 2 |
| View sources » | |
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28.10.2025 00:51
Last update: 00:35 EDT.
News rating updated: 06:40.
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