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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Nuclear isn’t the only source of carbon-free power that has energized the tech industry. For years, solar and wind have been mainstays for tech companies looking to reduce the greenhouse gases emitted by their data centers and other operations. The tech industry is also forming partnerships to build power plants that use new technologies to tap geothermal energy, some of which are already operational. The most speculative, and promising, technology... Read more ›
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Some of the biggest U.S. banks are muscling into crypto services for big funds, investors and traders, taking advantage of fast-loosening regulations under President Donald Trump to launch digital asset versions of businesses they have long dominated. For now, most of the action involves the business of custody, or safekeeping crypto on behalf of investors. State Street, one of the world’s biggest custody banks for stocks and bonds, is planning... Read more ›
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Getaround, a San Francisco-based short-term car rental company, is ceasing operations in the U.S. and laying off most of its U.S. based employees, according to a securities filing made last week. AJ Lee, the company’s COO and interim CEO, will leave the company and will be replaced by interim ... Read more ›
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Airbnb’s stock rose 14% in after-hours trading after the company said revenue for the fourth quarter rose 12% to $2.5 billion, exceeding its revenue forecasts, and the fastest growth in three quarters. The short-term rental company said gross booking value, or the total value of customer sales, ... Read more ›
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Google has brought TikTok back to its Google Play app store nearly a month after removing it following a congressional ban, a spokesperson said on Thursday. It was not immediately clear what prompted the change. Apple also said it would restore TikTok to its app store on Thursday evening, ... Read more ›
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Coinbase ran a victory lap tonight, delivering boffo fourth-quarter numbers that capped a good year both business-wise and politically for the crypto giant. In a shareholder letter, Coinbase signaled its optimism for the future with the most predictable of cliches. Thanks to Donald Trump’s election as president, “It’s the dawn of a new era for crypto.…The era of regulation via enforcement that crippled our industry in the U.S. is on... Read more ›
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Artificial intelligence startups such as coding assistant Cursor and legal AI software-maker Harvey have become fundraising beasts, raising hundreds of millions of dollars in rounds just months apart. But some founders are bucking that trend, instead opting to “seed-strap” their businesses, using revenue to expand operations after an initial round of venture capital. This approach appeals to entrepreneurs who don’t want to cede much control to outside investors and are... Read more ›
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TikTok CEO Shou Zi Chew had some good news for employees at the company’s all-hands meeting Wednesday night—and then some less than stellar news.While its short-lived shutdown in the U.S. nearly a month ago hurt the business, the app has seen “positive momentum” since then, Chew said, adding: “100% of our ad campaigns that were paused as a result of this are now live.”What’s more, TikTok’s top 1,000 most-followed creators... Read more ›
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Coinbase, the largest U.S. crypto exchange, reported $2.3 billion in revenue for the fourth quarter, more than double from a year ago, driven by a market rally following the election of President Donald Trump in November. Net income surged to $1.29 billion, up from $273 million a year ago. ... Read more ›
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SoftBank-owned Arm has signed up Meta Platforms as a customer of a new server chip for cloud and artificial intelligence computing, the Financial Times reported. The chip wouldn’t compete directly with AI chips from Nvidia and AMD, but it would compete with chips made by customers like ... Read more ›
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Artificial intelligence agents designed to make decisions for their customers are all the rage. But as companies developing agents make their pitches, they’re going to have to figure out how to quell customers’ trust issues and skepticism. I could see this dynamic at Manifest, an e-commerce and logistics conference I attended in Las Vegas this week, where startups debuted AI agents to big potential customers such as DHL, Target and... Read more ›
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Inexorable, overhyped, underappreciated: These are the seemingly mutually exclusive adjectives The Information’s readers use to describe cloud artificial intelligence in a recent survey (see methodology). The reason for these divergent opinions is the relatively early stage of cloud AI deployment, where success in cloud AI has not yet been fully defined, and the winners and losers have not yet emerged. Most of The Information’s 121 survey participants are still in... Read more ›
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Databricks has inked a new partnership with SAP in which the German software giant will resell its database software to its corporate customers. The key part of the deal is that Databricks’ database will be able to work with data from SAP applications for the first time. The agreement, which is ... Read more ›
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TikTok CEO Shou Zi Chew said in a staff meeting Wednesday evening that he is working closely with the Trump administration to determine the best course of action for the app’s future in the U.S. At the meeting, Chew also discussed another priority: To continue shedding layers and overlapping roles within TikTok. “We have to review our teams. We have to remove unnecessary layers,” Chew said during the all-hands meeting... Read more ›
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A group of news and magazine publishers, including Condé Nast, The Atlantic and The Guardian, are suing AI firm Cohere for copyright infringement. Cohere, which has been valued at over $5 billion, focuses on selling AI to businesses. The lawsuit alleges that Cohere allows its users to see ... Read more ›
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After OpenAI released its reasoning models last fall, Google, Alibaba, High-Flyer Capital Management and others followed with their own. One prominent competitor, Anthropic, has been noticeably absent from the race. Now we know one reason: Anthropic is taking a slightly different approach to reasoning. It has developed a hybrid AI model that includes reasoning capabilities, which basically means the model uses more computational resources to calculate answers to hard questions.... Read more ›
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Meta Platforms has been this year’s artificial intelligence darling. The Facebook and Instagram parent’s shares are up roughly 24% so far in 2025, despite CEO Mark Zuckerberg’s declaration last month that the company would lift capital expenditures 60%, mostly to pay for AI development. The rally in Meta’s stock contrasts sharply with the anemic stock performance of other tech companies with similarly lavish AI capex plans, like Google, Microsoft and... Read more ›
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Apple continues to work with Baidu to develop artificial intelligence features for iPhone users in China even after onboarding new partner Alibaba Group, according to two people with direct knowledge of the matter. Specifically, Baidu has been developing an AI-powered search feature that can ... Read more ›
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Elon Musk will withdraw his $97.4 billion takeover bid for the nonprofit that controls OpenAI if the artificial intelligence company’s board agrees to halt its planned conversion to a for-profit company, according to a court filing. If OpenAI’s board is “prepared to preserve the charity’s ... Read more ›
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Alibaba chairman Joe Tsai on Thursday confirmed a report by The Information that it was working with Apple to offer artificial intelligence features for iPhone users in China. Tsai, who was speaking at the World Government Summit in Dubai, said his company felt “very fortunate” and “extremely ... Read more ›
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22.03.2026 10:34
Last update: 10:25 EDT.
News rating updated: 16:20.
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