A jury found Elon Musk liable on Friday for some Twitter investor losses after he threatened to back out of his plan to acquire the social media site in 2022. Musk had originally offered to buy Twitter for $54.20 per share in 2022, then wrote that the deal was âtemporarily on holdâ due to what ... Read more âș
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The Central Intelligence Agencyâs venture investment arm, IQT, has invested in AI data center company Prometheus Hyperscale, which is developing campuses in Wyoming and Texas, the company said. Wyoming has long been a location for sensitive military assets, and the CIAâs investment suggests Prometheus could potentially run national security workloads from its AI data centers. Read more âș
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Nvidia is so gung-ho about AI agents that itâs betting the buzzy software can power another one of its big bets: robots. The âagentic AI system is being built for digital first,â said Deepu Talla, Nvidiaâs vice president of robotics and edge AI, or AI for powering devices, in an interview on the sidelines of Nvidiaâs annual GTC conference in San Jose, Calif. âYou just extend it to include physical... Read more âș
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Jeff Bezosâ space firm Blue Origin asked the U.S. government for permission to launch up to 51,600 satellites that would one day handle artificial intelligence computing from orbit. The plan could put Blue Origin in competition with Elon Muskâs SpaceX, which said in a January filing that it ... Read more âș
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On a brisk, sunny San Francisco day last week, Asha Sharma, the new CEO of Microsoftâs $24 billion gaming business, had a very packed schedule. The videogame industry had gathered for the Game Developers Conference at the venerable Moscone Center downtown, and Sharma had meetings with the heads of several multibillion-dollar game publishers that make the biggest and most popular games. They included Electronic Arts CEO Andrew Wilson and Strauss... Read more âș
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Amazon is working on a smartphone that incorporates artificial intelligence capabilities, more than a decade after the e-commerce giant tried and failed to crack the market with its Fire phone, Reuters reported on Friday. The plans indicate Amazon is taking a different approach to new AI devices ... Read more âș
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The Trump Administration on Friday released a framework detailing its policy approach to the AI industry, calling on Congress to pass federal laws for AI regulation that would override state legislation. A âpatchwork of conflicting state laws would undermine American innovation and our ability ... Read more âș
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SpaceX is aiming to raise tens of billions of dollars as soon as this summer in what could be the largest initial public offering in history. While CEO Elon Musk has proven heâs uniquely skilled at convincing investors to buy into his grand visions at gigantic valuations, anyone considering buying into the SpaceX IPO may be right to ask whether its pitch is really out of this world. SpaceX, which... Read more âș
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Crypto wallet provider Ledger said it hired John Andrews, a former Circle executive, as its new chief financial officer as it gears up for a potential initial public offering. Ledger, founded in 2014 in Paris, is also opening a New York City office as part of a U.S. expansion. It makes revenue ... Read more âș
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The U.S. Justice Department has charged three Super Micro Computer employees with illegally shipping at least $2.5 billion worth of advanced AI servers to China, violating U.S. export controls. U.S. officials didnât name the specific chips involved, though Nvidia commands a dominant share of the ... Read more âș
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Design software firm Canva is planning to go public next year, The Information reported Thursday. Canva has been adding new artificial intelligence features to its design software, which is used primarily by individuals and small businesses. The company is planning an overhaul to focus on AI ... Read more âș
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OpenAI plans to create a desktop âsuperappâ by combining its popular ChatGPT platform with its coding agent Codex and browser Atlas, said a person with knowledge of the effort. The plans come after CEO of Applications Fidji Simo told staff the startup would deprioritize âside projectsâ that aren ... Read more âș
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For all the attention Nvidia gets for its relentless pace of new business partnerships, it canât hold a candle to Uber. The ride-hailing giant seems to be on a quest to go into business with anyone whoâs ever thought about developing a self-driving car. On Thursday, it announced a robotaxi deal with Rivian, the electric truck maker that is developing autonomous driving software. Itâs the fifth self-driving car related announcement... Read more âș
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Quarterly earnings could be going away. Will this result in more IPOs?One of the hallmarks of investing in public stocks is receiving quarterly updates from the companies. Those financial results and, even more so, forecasts can sink or lift stocks. Preparing them is such a time-suck for company executives that some startup founders have pointed to these reports as a reason to stay private. The Securities and Exchange Commission is... Read more âș
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Prediction market Kalshi is raising $1 billion at a $22 billion valuation in a new funding round led by investment firm Coatue Management, according to a person familiar with the matter. The round would double Kalshiâs valuation from last December, when it raised $1 billion at a $11 billion ... Read more âș
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Jeff Bezos is in talks to raise a $100 billion fund to buy manufacturing companies and implement AI to speed up their automation, The Wall Street Journal reported Thursday. The fund will aim to purchase industrial companies in industries such as aerospace, chipmaking and defense. In the past few ... Read more âș
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Amazon has acquired autonomous robotics startup Rivr, an Amazon spokesperson confirmed, a deal that could help the commerce and logistics giant deliver packages to shoppersâ doors more efficiently. Based in Zurich and formerly known as Swiss-Mile, Rivr was valued at $110 million in an August 2024 funding round, according to PitchBook. Amazon and Jeff Bezosâ Bezos Expeditions participated in that round, as did HSG, the venture firm formerly known as... Read more âș
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Crypto.com, a digital-asset exchange headquartered in Singapore, reduced its workforce by about 12%, joining the list of companies using artificial intelligence to drive efficiencies across its business, a spokesperson said. The company had about 1,500 people before the layoff, according to a ... Read more âș
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The debate over whether AI might replace traditional enterprise apps such as Salesforce, ServiceNow, SAP, and Workday often ignores a more likely near-term scenario: that AI will stop some customers increasing their spending on those apps.Brian Spanswick, chief information officer at data security firm Cohesity, which generates more than $2 billion in revenue a year, said a large chunk of the budget for his 400-person IT department goes towards subscriptions... Read more âș
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Meta Platforms is scaling back on its use of third-party vendors for content moderation in favor of artificial intelligence systems, the company announced Thursday. The parent company of Facebook, Instagram and Threads said it will roll out more AI systems to review content across its platforms ... Read more âș
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28.04.2026 13:59
Last update: 13:50 EDT.
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