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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Meta Platforms is considering reincorporating its business outside of Delaware, possibly in Texas or other states, according to a report in the Wall Street Journal. Such a move would put Meta CEO Mark Zuckerberg in step with Elon Musk, who has reincorporated several of his companies, including ... Read more ›
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Meta Platforms CEO Mark Zuckerberg told employees Thursday that Meta sold more than one million of its Ray-Ban smart glasses in 2024, marking the first time the company has disclosed sales figures for the product. Meta has invested heavily in the glasses, designed in partnership with Ray-Ban ... Read more ›
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Kraken, a crypto exchange, said its revenue last year was $1.5 billion, more than doubled from $671 million in 2023. The company said its adjusted earnings before interest, taxes, depreciation, and amortization was $380 million last year. In comparison, Coinbase, the biggest U.S. crypto ... Read more ›
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Apple filed an emergency motion Thursday evening seeking to pause the U.S. government’s antitrust case against Google as the iPhone maker appeals a district court judge’s decision to block it from intervening. The judge last year ruled that a contract between the companies to make Google Search ... Read more ›
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In 1862, from a hill in northern Virginia, troops under Confederate General Stonewall Jackson rained artillery fire upon a column of Union soldiers on a dirt road about a thousand feet away, in the opening shots of the Second Battle of Manassas. When I visited a farmhouse on the site on a frigid day earlier this month, I saw the signs of a modern-day conflict unfolding on the same ground.... Read more ›
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DeepSeek has shaken up Silicon Valley and Wall Street with its stunning advances in artificial intelligence. But its technological success doesn’t mean China’s AI industry has figured out how to make money. The rise of DeepSeek contrasts with the struggles of other Chinese competitors, especially the best-known AI unicorns dubbed the “six little dragons.” The six startups—MiniMax, Moonshot AI, Zhipu AI, Stepfun, Baichuan and 01.AI—spearheaded China’s AI push in the... Read more ›
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Blackstone, a major investor in data centers, told investors Thursday that it’s been looking at the potential impact of cheap, powerful artificial intelligence from China on the data center market. The release of DeepSeek R1, a reasoning model developed by a Chinese quant fund, has shaken up ... Read more ›
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Google on Thursday offered U.S. employees of its Chrome, Android and Pixel teams voluntary buyout package that included severance pay, a Google spokesperson said. The move comes nine months after Google combined the teams under executive Rick Osterloh, giving him oversight of more than 20,000 ... Read more ›
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Apple had good news and bad news when it reported December-quarter results on Thursday. The bad news was that revenues from China—Apple’s second-biggest market—shrank 11%, almost certainly a result of Apple losing share in smartphones to local rivals such as Huawei. Indeed, iPhone revenues globally shrank 0.8% in the quarter. The good news is that despite the falloff in China, Apple’s top line expanded 4%, thanks to solid growth in... Read more ›
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General Catalyst has reached out to several institutions to buy a stake in its management company according to Axios. General Catalyst itself may be the buyer, according to Axios. In 2018, Petershill Partners, an investment firm operated by Goldman Sachs Asset Management, bought a stake in ... Read more ›
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Intel on Thursday said revenue fell 7% to $14.3 billion in the fourth quarter, but the result meant the chip maker’s performance was in line with the best-case scenario the company had projected three months earlier. Its $126 million net loss in the quarter was also many times lower than what ... Read more ›
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Hi - Before we get into today’s column, some breaking news: OpenAI is in talks to raise another giant round, of about $40 billion, led by SoftBank, which would value the ChatGPT maker at $300 billion including the investment—nearly double its valuation late last year in a Thrive Capital-led round. OpenAI will use some of the money to fund its commitment to Stargate, which I reported last week would be... Read more ›
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Crypto exchange Kraken is re-launching staking services for U.S. clients using a different product structure, after discontinuing staking in 2023 under a settlement with the U.S. Securities and Exchange Commission. Staking is a process in which crypto investors lock up, or “stake,” their tokens ... Read more ›
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As TikTok’s future remains in turmoil, competitors are trying to take advantage of the situation. One way is bringing back a tried-and-true tactic from 2021: creator funds. This month, companies including creator commerce app Flip, which competes with TikTok Shop, and newsletter publisher Substack announced programs that offer cash incentives with the hope of attracting more TikTokers to their apps. Instagram parent company Meta Platforms also brought back limited-time bonuses... Read more ›
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Apple’s iPhone revenue shrank by 0.8% in the December quarter, the company reported, likely a result of weakness in China where the tech giant faces intense comeptition from Chinese brands such as Huawei. Despite the drop, sharp growth in revenue from sales of Macs, iPads and services ... Read more ›
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Meta Platforms CEO Mark Zuckerberg told Meta employees Thursday that Meta ended its diversity, equity and inclusion efforts because of the current political landscape, but still valued diversity, according to an employee who heard his remarks. Zuckerberg made the comments at a company ... Read more ›
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OpenAI is in talks to raise $40 billion in new funding at around a $300 billion valuation including the new capital, according to a person familiar with the discussions. The deal would nearly double the company’s valuation from a funding round that closed in October, in which investors valued ... Read more ›
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Elon Musk’s X earned about $1.2 billion before interest, taxes, depreciation and amortization and other expenses in 2024, Bloomberg reported, citing what banks are telling investors considering buying X bank debt now being offered for sale. The Bloomberg report said X earned $400 million ... Read more ›
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The Department of Justice sued to block Hewlett Packard Enterprise’s $14 billion acquisition of Juniper Networks, which was announced last January, on the grounds that the combination would create a duoploy, along with Cisco Systems, that would stifle competition in the market for wireless ... Read more ›
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How fast is DeepSeek open source artificial intelligence taking over the business world? Look no further than Meta Platforms, which is evaluating whether to use the Chinese-made AI in its advertising products despite spending the past two years developing its own Llama open-source models, my colleague Kalley reported Wednesday. Also this week, Goldman Sachs Chief Information Officer Marco Argenti told me his team is also interested in using DeepSeek, but... Read more ›
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22.03.2026 15:55
Last update: 15:50 EDT.
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