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 âș
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Lyftâs stock dropped 11% in after-hours trading after the company forecast gross bookings for its ride-hailing and bike rental business will slow in the current quarter as winter weather and lower pricing weigh on sales. The San Francisco company said revenue for the fourth quarter rose 27% year ... Read more âș
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Food delivery service DoorDash reported on Tuesday 25% growth in revenue in the fourth quarter, in line with the third quarter growth rate. The company posted net income of $141 million, a big swing from the $154 million it lost in the corresponding quarter a year ago. The quarter also showed ... Read more âș
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Will a private tech company reach a $1 trillion valuation in the coming years? Itâs not a ridiculous question. A couple of companies seem like potential candidates. OpenAI is closing in on $300 billion in its financing with SoftBank, and SpaceX recently shot to $350 billion. Read more âș
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TikTok now has 53 days to figure out a deal to keep it alive in the U.S.âotherwise it will have to go dark again under a law passed last year. While President Donald Trump delayed enforcement of that law until early April and has signaled he wants to find a way for TikTok to stay in the U.S., itâs worth looking at what happened to the video appâs staff and... Read more âș
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Meta Platforms is in talks to buy South Korean AI chip startup FuriosaAI, according to Forbes. If the talks progress, such an acquisition would give Meta more firepower in its efforts to develop custom chips. Founded in 2017, FuriosaAI is reportedly holding discussions with multiple companies ... Read more âș
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Two artificial intelligence trends have converged at Pinterest: the growing usefulness of AI in improving advertising, and how falling costs of such technology can benefit large application developers more than other types of companies.Pinterest is a bit of a rarity in AI. For years, the online scrapbooking company has trained its own AI models to power content recommendations and advertising technology, but itâs also now a major buyer of AI... Read more âș
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E-commerce software giant Shopify warned on Tuesday that its free cash flow margin could shrink to the mid-teens in the first quarter, down from 22% in the fourth quarter. Executives attributed the outlook to marketing spending to drive growth, faster growth in the companyâs payments business ... Read more âș
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You've got to hand it to Elon Musk: He is great at getting attention for his causes. In the latest example, the OpenAI cofounder-turned-rival made a $97.4 billion bid for the assets of OpenAIâs nonprofitânamely, control over the OpenAI for-profit arm that runs ChatGPT. This is all part of Muskâs monthslong effort to stop the for-profit from getting out from under the control of the nonprofit by converting to a... Read more âș
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Apple has recently started working with Chinese internet and e-commerce giant Alibaba Group to roll out artificial intelligence features in China, according to one person with direct knowledge of the decision. The move is part of Appleâs strategy to offer more compelling software features to counter declining sales in the country, where it faces increasing competition from domestic brands like Huawei and Vivo. Apple and Alibaba have submitted the Chinese... Read more âș
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Shortly after Elon Musk made a surprise $97 billion bid for OpenAIâs assets on Monday, its CEO Sam Altman told staff in a message that its board of directors intends to make clear it has no interest in Muskâs âsupposed âbidââ and that the offer wasnât in the interest of OpenAIâs mission to develop advanced artificial intelligence for all of humanity, according to a person who saw the message. The... Read more âș
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Stripe is considering arranging a sale of shares held by employees that would value the company at $85 billion or more, according to a person who has spoken to the company. The transaction would extend a series of share buybacks, secondary sales and fundraises that have lifted the payments providerâs valuation close to its $95 billion peak, which it reached in a 2021 fundraise. These financings have allowed the 15-year-old... Read more âș
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Elon Muskâs ability to multitask has got to be one of his superpowers. In the past couple of weeks, heâs been all in on his contentious DOGE cost-cutting campaign for the Trump administration, a task heâs handling in addition to his CEO roles at Tesla and SpaceX. Today comes the news, first reported by The Wall Street Journal, that heâs also leading a consortium bidding $97.4 billion for the OpenAI... Read more âș
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Meta Platforms is overhauling how it protects user privacy when developing products so the company can release products more quickly, The Information reported. As part of the changes, Metaâs privacy teams will have less authority to delay product launches. Instead, product teams will make the ... Read more âș
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Lyft plans to launch robotaxis equipped with self-driving technology supplied by Intelâs Mobileye in Dallas next year, Lyft CEO David Risher said Monday in a post on X. Japanese auto and fleet financing company Marubeni will provide the cars. Riders will be able to request autonomous vehicle ... Read more âș
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Fintech startup Plaid has hired Goldman Sachs to arrange a sale of shares held by employees and early investors, according to a person close to the company. The share sale, of $300 million to $400 million, will help offset taxes associated with employeesâ expiring restricted stock units, ... Read more âș
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France President Emmanuel Macron said in an interview with France 2 TVÂ Sunday that he expects companies and funds to invest $100 billion in artificial intelligence projects in the county. That kind of investment could help ensure AI companies in the country remain competitive by expanding ... Read more âș
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OpenAI CEO Sam Altman on Monday appeared to reject an unsolicited takeover bid from a group of investors led by Elon Musk. Musk and the investors, including his AI developer xAI and some its backers such as Baron Capital Group, Valor Management and Vy Capital, offered $97.4Â billion to ... Read more âș
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Is going âbare metalâ in data centers the future for cloud computing? If so, it could signal a shift away from big cloud firms toward a new group of AI computing startups.Bare metal isnât a subset of rock music but an industry term for renting servers to cloud customers on terms that give them access to the hardware, allowing customers to control servers directly and run their own operating software.... Read more âș
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Meta Platforms has erected guardrails around how it develops new products over the past decade to better protect the privacy of its more than 3 billion users following high-profile breaches. Now executives are lowering those guardrails so the company can release products more quickly. Among the changes, privacy teams will have less authority to delay product launches. Instead, product teams will have the final say over what privacy risks are... Read more âș
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TikTok CEO Shou Chew met with senior White House officials last week and offered a proposal that included joint venture with U.S. investors, the Wall Street Journal reported. The new venture would be based in the U.S. and oversee data security, with U.S.-based management and a majority of ... Read more âș
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22.03.2026 12:21
Last update: 12:15 EDT.
News rating updated: 18:10.
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