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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Amazon said on Thursday it expects capital expenditures to rise to $200 billion this year as it pours more money into artificial intelligence efforts. The company’s shares fell more than 7% in after hours trading. That would mark a jump from Amazon’s 2025 spending of $131.8 billion. It’s also ... Read more ›
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Apple CEO Tim Cook acknowledged at an all-hands staff meeting on Thursday that some company employees were upset about the Trump administration’s immigration crackdown, and the fact that Apple has a relationship with the administration. He voiced his support for both immigrants and law ... Read more ›
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Simmering anxieties about AI’s threat to subscription software have turned into a raging nervous breakdown on Wall Street in the past week, thanks in part to Anthropic’s recent AI launches (and despite Anthropic's own love for SaaS apps). Even Palantir, which has lately posted blockbuster growth, has been caught up in the selloff.Enter Jensen Huang. Speaking at an event hosted by Cisco this week, Nvidia’s CEO had a simple message:... Read more ›
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First off, check out Jyoti’s Wednesday scoop about Meta’s latest AI model efforts. In sum, Meta is telling its employees “we’re back in the game!” and setting high expectations for the company’s next open-weight large language model, codenamed Avocado.Yes, Meta AI leaders did the same last year with Llama 4 and we all know how poorly that turned out! But given what happened then, we imagine that this time will... Read more ›
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Nvidia won’t release a new graphics chip for gamers this year due to a deepening global shortage of memory chips, prompted by the AI boom, according to two people with direct knowledge of the matter. It would be the first year in three decades that Nvidia hasn’t released a new graphics processing unit for gaming. Nvidia got its start in the early 1990s by designing graphics chips for videogames and... Read more ›
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OpenAI is hiring hundreds of new staffers to expand a technical consulting team that helps large corporations develop custom AI applications and agents to automate employee tasks, according to a person with knowledge of the company’s plans. The hiring effort could help it beat back competition from archrival Anthropic, which has also upped its game in catering to enterprises. It comes as OpenAI prepares to launch a new enterprise offering... Read more ›
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Sundar Pichai, take a bow. Google parent Alphabet delivered some red-hot fourth-quarter numbers on Wednesday, a sign that—like its fellow digital ad giant, Meta Platforms—it is enjoying the fruits of its big investment in AI. Alphabet reported both an acceleration in Google’s search revenue growth to nearly 17%, from 15% in the third quarter, and a 14 percentage point lift in Google Cloud’s revenue growth to 48%. Anyone who suggested... Read more ›
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OpenAI is discussing a commercial agreement with Amazon to develop customized models the e-commerce giant could use to power its artificial intelligence products, including its Alexa voice assistant, The Information reported Wednesday. It isn’t clear how much of a discount Amazon would get on ... Read more ›
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Snap revenue increased 10% in the fourth quarter to $1.7 billion, the same rate of growth as it reported last quarter. One worrisome sign is that Snap’s daily active users fell to 474 million from 477 million in the third quarter, although it was up from a year earlier. This is the first time ... Read more ›
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Kyle Samani, the co-founder of Multicoin Capital, will step back from his crypto venture firm to explore other areas of technology, including AI, longevity and robotics, according to a letter the firm sent to its investors. Multicoin, founded in 2017, was known for betting big on solana tokens ... Read more ›
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Alphabet reported a better than projected 18% increase in fourth quarter revenue, fueled by strong growth both in its core search ads business and in cloud sales. Google’s revenue from search ads grew 17%, topping the third quarter’s 14.5% growth, and Cloud revenue soared 48%, well above that ... Read more ›
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Former PayPal president David Marcus criticized his former employer in a viral social media post this week, writing that the payments giant had “lost its mojo” and arguing that the company had for many years prioritized the bottom line over its longer-term product vision. His comments were made ... Read more ›
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Meta Platforms is sounding an increasingly bullish note about the first major AI model expected to emerge from its new AI group. The company recently told some staffers in the group, known as Meta Superintelligence Labs, that its next generation large language model, codenamed Avocado, is “now Meta’s most capable pre-trained base model to date,” according to an internal memo, which was viewed by The Information. In the memo, dated... Read more ›
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AI chip startup Cerebras Systems said Wednesday has raised about $1 billion in a new funding round that values the company at $23 billion including the new investment. The Information first reported in January that the startup was in fundraising talks at a $22 billion valuation before the new ... Read more ›
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Microsoft security chief Charlie Bell will leave his role and be replaced by Hayete Gallot, a former Microsoft executive who most recently served as Google Cloud’s president of customer experience, CEO Satya Nadella said Wednesday. Bell, who joined Microsoft in 2021 to lead its security business ... Read more ›
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The Washington Post is laying off one-third of the newsroom, a spokesperson confirmed to The Information. Executive editor Matt Murray said in a note to staff shared with reporters that traffic to the Post’s web site from organic search had fallen by nearly half in the past three years. ... Read more ›
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Nvidia could invest around $30 billion, Amazon is down for at least $20 billion and Microsoft is looking at $10 billion as part of a $100 billion fundraising for OpenAI. SoftBank will bring the AI company closer to its goal with an investment worth around $30 billion. My colleague Sri Muppidi reported all of this last week. OpenAI has built amazing products and could be a world-changing company, but these... Read more ›
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Amazon Web Services CEO Matt Garman said that existing technology is “pretty far” from making data centers in space possible, just as Elon Musk has been pitching the idea as part of the logic for merging SpaceX and xAI. “I don’t know if you’ve seen a rack of servers recently,” Garman said at the ... Read more ›
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Google last week generated buzz with a new AI tool called Project Genie, which enables users to create and play in virtual worlds like ultra-realistic videogames. An upstart Chinese competitor that recently announced a similar product is trying to keep up with Google and capture some of that buzz.PixVerse, which a few weeks ago unveiled its “real-time world model” called R1, a competitor to Google’s Project Genie, is already preparing... Read more ›
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Uber reported 20% higher revenue for the fourth quarter, and a big jump in operating profits, as its business showed signs of acceleration, particularly on the food delivery side. Uber projected a slight slowdown in growth in the first quarter, however. Uber’s gross bookings—the dollar volume of ... Read more ›
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14.03.2026 12:21
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