The federal judge hearing opening arguments in Elon Musk’s lawsuit against OpenAI and its main backer Microsoft, which seeks to block the ChatGPT maker’s conversion to a for-profit company, said it would be unusual for the court to issue the temporary injunction that Musk is seeking. The judge ... Read more ›
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Tech’s AI-driven capex splurge lives! Google parent Alphabet today said it expected to lay out $75 billion on capital expenditures this year, a 43% lift over 2024. That puts Google very close to Microsoft, which has said it will spend $80 billion building artificial intelligence data centers in its fiscal year ending June. Meta Platforms, with plans to spend as much as $65 billion on capex, is only a little... Read more ›
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Shares of Advanced Micro Devices dropped nearly 9% in after-hours trading as investors reacted to a tepid sales forecast for its current quarter and GPU sales figures that show the chip designer is still lagging far behind Nvidia. AMD generated more than $5 billion in sales from the MI300, its ... Read more ›
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We’re hearing a lot of YouTube creators and media executives have already descended on New Orleans ahead of Super Bowl Sunday. Back at home in rainy Mountain View, Google leaders have been talking up the last national event that boosted YouTube—the 2024 presidential election. In a call with investors late Tuesday, Alphabet CEO Sundar Pichai said more than 45 million viewers in the U.S. watched election-related content on YouTube on... Read more ›
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The U.S. should start a sovereign wealth fund and maybe it should invest in TikTok, President Trump suggested earlier this week. Well, maybe. But if the fund ever does come to life, its money would be arguably better spent on a bigger, more speculative investment: Stargate, the $500 billion OpenAI-SoftBank-Oracle data center expansion that Trump announced last month.Plans for both the sovereign wealth fund and Stargate are hazy and easy... Read more ›
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Andreessen Horowitz has hired Daniel Penny, a former Marine acquitted of choking a homeless man to death on a New York subway, as an investing partner in its American Dynamism fund, the fund’s leader David Ulevitch said in an internal memo on Tuesday. “I believe, as I know many of you do, that ... Read more ›
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Alphabet’s revenue grew 12% year-over-year to $96.5 billion in the fourth quarter of 2024, three percentage points slower than growth in the third quarter, and growth in its rentals of cloud servers slowed by five percentage points compared to the prior quarter. Despite not showing a business ... Read more ›
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Republican Senator Bill Hagerty on Tuesday introduced a bill to create a regulatory framework on stablecoins, representing the first push in Congress to pass a crypto legislation under the new Trump administration. Stablecoins—crypto tokens pegged to dollars and backed by U.S. treasuries and ... Read more ›
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Snap’s revenue grew 14% in the last quarter to $1.56 billion, buoyed in part by the growth of its subscription service Snapchat+, which hit 14 million subscribers in 2024. The results triggered Snap’s stock to jump in after-hours trading Tuesday. While the financial report showed bright spots ... Read more ›
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Fintech startup Deel said Tuesday General Catalyst and other investors have bought $300 million in shares owned by early investors. Abu Dhabi-based sovereign wealth fund Mubadala was one of the investors, according to CNBC. The sale valued the startup, which provides payroll and human resources ... Read more ›
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Meta Platforms is merging the teams behind Facebook and Messenger into one unit as the company prepares for layoffs across the business next week. Under the change, the head of Messenger, Loredana Crisan, will move to the company’s generative artificial intelligence group, while Facebook’s chief ... Read more ›
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The DeepSeek reasoning artificial intelligence, R1, isn’t just a gift to businesses eager to cut their AI costs. American cloud providers looking to boost their server rental businesses moved quickly last week to make R1 available to their customers.So far, however, Amazon Web Services, Microsoft and Google aren’t charging cloud customers to use DeepSeek, which is open source, the same way they charge for other models—based on how much text... Read more ›
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Music streaming giant Spotify reported its first full year of profitability this morning, after more than six years of losses as a public company. Operating income in the fourth quarter was 477 million, compared with a loss of 75 million a year earlier, on 16% higher revenue. The company ... Read more ›
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It’s been barely a day since OpenAI released Deep Research, a new ChatGPT feature that helps customers conduct multi-step research. And already it’s gotten at least one rave review.Derya Unutmaz, a professor of immunology at the Jackson Laboratory for Genomic Medicine who’s been testing the feature since he was granted early access on Friday, said he asked Deep Research to write a report on the latest advancements and gaps in... Read more ›
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The tech industry’s project to build out artificial intelligence is proving even more capital intensive than the peak of the last investment supercycle by oil and gas firms in the mid-2010s. Microsoft, Meta Platforms, Amazon and Alphabet spent an estimated average of 17.2% of their revenues on capital expenditures in 2024, up from 12.7% in 2021, with the figure expected to rise further in 2025. Read more ›
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China’s anti-monopoly regulator said Tuesday that it launched a probe into Google on suspicion of violating the country’s antitrust laws. The one-sentence statement by China’s State Administration for Market Regulation included no specific details but was published after the U.S. imposed a 10% ... Read more ›
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If you’ve planning on buying your significant other a Valentine’s Day gift on Temu, Shein or Amazon’s low-cost rival to those services, Haul, make sure you have a backup plan so you don’t wind up in the doghouse. A (perhaps unintended) consequence of a Trump administration executive order issued over the weekend means packages from the e-commerce sites for cheap goods will almost certainly start piling up at American airports.... Read more ›
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Palantir, which sells data analytics software to governments and enterprises, lifted revenue 36% in the fourth quarter, it reported on Monday. For the year, Palantir’s topline expanded 29%. The company projected revenue growth would accelerate to 31% this year. The bullish projection sent ... Read more ›
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President Donald Trump signed an executive order on Monday to create a sovereign wealth fund for the U.S. Trump told reporters in the Oval Office that this new fund could own part of TikTok. “We might put [TikTok] in the sovereign wealth fund, whatever we make or we do a partnership with ... Read more ›
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SoftBank said on Monday it would spend $3 billion per year on technology from OpenAI for itself and its affiliates, including electronic payment service PayPay and chip designer Arm, of which it is the majority owner. The Japanese telecom conglomerate and OpenAI said they will also ... Read more ›
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16.05.2026 10:22
Last update: 10:05 EDT.
News rating updated: 17:11.
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