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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The number of Amazon packages sent through United Parcel Service will drop by more than 50% by the second half of next year, UPS said. UPS shares dropped more than 15% shortly after the market opened on Thursday. Amazon spokesperson Kelly Nantel said: “UPS requested a reduction in volume and we ... Read more ›
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The only thing coming at us faster these days than advances in artificial intelligence’s capabilities is the amount of industry jargon we’re all needing to decipher. Don’t know the difference between open weights and open source? Still trying to distill the meaning of AI distillation, the process DeepSeek may have used to copycat OpenAI’s work? Our new glossary is a font of deep learning—and hopefully a useful guide to a... Read more ›
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The word of the moment in artificial intelligence is distillation. Distillation is the technical term for transferring knowledge from one large language model, which acts like a teacher, to another model that acts as a student. And it’s likely one of the key ways a Chinese quant fund replicated OpenAI’s o1 reasoning model and set the industry on fire with DeepSeek, OpenAI said publicly Wednesday. Distillation involves the student model... Read more ›
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Live sports are costly for media companies and streaming service owners—and increasingly, for viewers too. Comcast executives hinted at upcoming price hikes at its Peacock streaming service to offset the costs for live NBA games, which will air on Peacock and its NBC network starting later this ... Read more ›
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The power demands of artificial intelligence have already led the tech giants to scale back their climate goals. Now the intense battle to dominate AI has created a frenzy of dealmaking to secure enough electricity to power a major city. That’s created a clash between the fast-moving, lightly regulated tech industry and the nation’s heavily regulated power grid and electric utilities. To get around the bottleneck, data centers are becoming... Read more ›
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SoftBank is in talks to invest as much as $25 billion in OpenAI, in a deal that would make the Japanese firm the largest financial investor in the U.S. artificial intelligence giant, according to the Financial Times. SoftBank and OpenAI are together leading Stargate, a joint venture to develop ... Read more ›
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If we learned anything from tonight’s December-quarter earnings announcements from Microsoft and Meta Platforms, it’s that we’re still in a wait-and-see mode on artificial intelligence. In fact, Meta CEO Mark Zuckerberg declared that 2025 would be a “big year” because the trajectory of most of the company’s big bets—such as on its AI assistant—will be a “lot clearer by the end of this year.” In other words, by December we’ll... Read more ›
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Tesla shares rose more than 4% in after-hours trading after CEO Elon Musk said the company would deploy unsupervised driverless cars in a paid service in Austin, Texas in June and the rest of the U.S. next year. Musk told Wall Street analysts that the company would initially deploy a Tesla-owned ... Read more ›
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Meta Platforms is still enthusiastic about creators. That much was clear from the Instagram parent’s earnings call on Wednesday.Chief financial officer Susan Li said “creators are one of our central focuses,” while CEO Mark Zuckerberg said he’s focused on growing Facebook’s cultural influence. He didn’t elaborate, but it seems likely that Meta could use video creators as a key way to make the aging blue app cool again. Read more ›
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Trump administration officials are in the early stages of considering additional restrictions on Nvidia’s sales of artificial intelligence chips to China, Bloomberg reported. The rules could target an Nvidia chip, H20, designed for the Chinese market. It’s less powerful than chips sold elsewhere ... Read more ›
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Coinbase announced it added four political and economic leaders to its advisory council, strengthening its ties to Washington. They include Chris LaCivita, manager of Donald Trump’s 2024 presidential campaign and currently chief of staff for the Republican National Committee, and Bill Dudley, ... Read more ›
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Database provider Snowflake this week discussed an acquisition of Redpanda, a data analysis software startup valued at around $500 million in 2023, according to a person who has been part of the talks. An acquisition of the firm could upgrade Snowflake’s artificial intelligence services, an area where the company has lagged rivals such as Databricks. Redpanda sells software that financial firms and retailers use to analyze continuously flowing data, known... Read more ›
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Meta Platforms, the owner of Facebook, Instagram and WhatsApp, on Wednesday reported 21% higher fourth-quarter revenue of $48 billion, slightly faster growth than the previous quarter. But the company projected a sharp slowdown in revenue growth for the first quarter, to between 8% and 15%. At ... Read more ›
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Data storage hardware company Western Digital reported a 41% lift in revenue to $4.29 billion for the quarter ended January, thanks to sharp growth in its business of selling data storage devices to cloud computing providers. WDC reported revenue of $2.3 billion from sales to cloud ... Read more ›
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Microsoft said Wednesday its revenue grew 12% in the fourth quarter of 2024 compared to the same period a year earlier—four points slower than its third quarter growth—as growth in its Azure cloud server rentals also slowed for the second consecutive quarter. Still, the company said revenue from ... Read more ›
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OpenAI has found evidence that the Chinese firm behind DeepSeek, a powerful new open-source artificial intelligence, developed the AI using information generated by OpenAI’s models, according to OpenAI employees. Firms such as OpenAI forbid such practices, known as AI model distillation, but ... Read more ›
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Venture firm 8VC, known for its early investment in defense startup Anduril and growth stage check in corporate expense startup Ramp, has filed paperwork indicating it plans to raise $998 million for its sixth fund. The Austin-based firm’s last fund was an $880 million vehicle that was raised in ... Read more ›
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Meta Platforms is considering testing DeepSeek, the Chinese artificial intelligence models that have upended the AI industry and stock market, in its generative AI tools for advertisers, according to a Meta employee. Meta’s move to consider DeepSeek for its products is surprising because the ... Read more ›
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As questions swirl about whether super-cheap-yet-high-quality Chinese artificial intelligence threatens American-made AI, a new data point suggests OpenAI has some major advantages, relative to its compatriots.We reported Tuesday that OpenAI leaders recently made comments implying that ChatGPT Pro subscriptions—which cost $200 per month, or 10 times more than regular subscriptions—are currently generating at least $25 million in revenue per month, or at least $300 million on an annual basis. That... Read more ›
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Seagate Technology and Western Digital Corp. may be best known for selling hard drives for personal computers, which means they’re likely not the first names that come to mind when one thinks of companies that will benefit from artificial intelligence investments. That mindset may be out of date. In recent years, Seagate and WDC have focused their businesses on selling hard disk drives for data centers to cloud firms such... Read more ›
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22.03.2026 17:39
Last update: 17:30 EDT.
News rating updated: 23:30.
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