Chinese tech giants Alibaba Group and Baidu have begun using their own internally designed chips to train their artificial intelligence models, partly replacing AI chips made by Nvidia, according to four people with direct knowledge of the moves. The move is the latest sign that a decoupling of Chinese AI development from the Western semiconductor ecosystem is underway. Until recently Chinese firms were entirely dependent on Nvidia chips for most... Read more ›
23
When OpenAI two months ago agreed to rent an unfathomably large amount of data center capacity from Oracle (4.5 gigawatts, or enough to power several large cities), we thought the market would have priced in the eventual mammoth revenue from that publicly announced deal. We were wrong.On Tuesday, Oracle disclosed that computing contracts would bring in more than $300 billion in additional revenue in the next five years. While it... Read more ›
12
Just over a week after a federal judge ordered Google to share its search data with rivals, the limitations of the judge’s order have become more clear—as have the doubts about whether rivals will be able to take advantage of it. The order was designed to weaken Google’s monopoly in search by allowing smaller search rivals to get access to a variety of its data, including raw search results and... Read more ›
2
Physical Intelligence, a startup developing large artificial intelligence models to power robots, is in talks with investors to raise additional venture capital at a valuation of about $5 billion, according to two people who have recently spoken to the company. A financing at that valuation would more than double the price investors awarded the San Francisco startup in November. The company, founded in early 2024, is one of several startups... Read more ›
27
Years from now, today may be remembered as the moment of peak euphoria for artificial intelligence. Not only did Oracle’s stock jump 36%—thanks to the company’s stunningly optimistic forecast for AI-related cloud revenue growth—but the enthusiasm spread to a range of companies that may not get the same boost from AI.I’ll be quick with the caveats, because predictions like this are almost always wrong. AI is being adopted at a... Read more ›
0
Perplexity, which runs an artificial intelligence-powered search engine, has secured commitments from investors for $200 million in new funding at a $20 billion valuation, according to a person with knowledge of the matter. The new capital comes less than two months after the three-year-old ... Read more ›
32
Amazon’s autonomous ride-hailing company Zoox said Wednesday started to accept rides from members of the public for stops along the casino-lined Las Vegas Strip. Riders can call for a Zoox pick-up on the new Zoox smartphone app. The self-driving cars, which resemble large toaster ovens and don’t ... Read more ›
0
Shares in Klarna rose 15% on the buy now, pay later lender’s first day of trading on the New York Stock Exchange. The stock closed at $45.82, above the $40 initial public offering price, representing a successful but more muted debut than some recent venture-backed IPOs. Shares of design ... Read more ›
0
Shopify chief operating officer Kaz Nejatian is departing the company, the e-commerce software company said in a securities filing Wednesday. According to the filing, Shopify’s executive team will take over Nejatian’s responsibilities after his last day, which is Sept. 12. Nejatian joined ... Read more ›
0
Nebius Group said it plans to raise $2 billion in convertible notes and $1 billion in equity days after it signed a contract to provide Microsoft with access to Nvidia chips. The cloud company said it would use the proceeds from the offering to secure additional electricity, computing power and ... Read more ›
0
Tesla CEO Elon Musk says Tesla is “struggling” to finalize the design of its Optimus humanoid robots, primarily due to difficulties perfecting the model’s hands. “Right now, we’re struggling with the final design of the hardware,” Musk said in an interview at the All-In Summit on Tuesday. Musk ... Read more ›
0
A group of web publishers — including Reddit, People Inc., Medium and Quora – are backing a new open-source standard that aims to let the crawlers from AI firms better compensate publishers. The standard is the brainchild of several Internet veterans, including founders of the real simple ... Read more ›
0
OpenAI has committed to purchasing $300 billion over the next five years in computing power to train and run its artificial intelligence models from Oracle, one of the partners to OpenAI’s Stargate data center project, according to The Wall Street Journal. The contract is the largest cloud deal ... Read more ›
0
Netflix struck a deal allowing advertisers to buy Netflix’s ad space through Amazon’s advertising technology platform. Netflix competes with Amazon’s Prime Video for viewers and ad dollars, but the two companies don’t compete in ad tech. The deal highlights Amazon’s ambition to be a central ... Read more ›
2
To many investors, valuations in AI land are bonkers—yet others justify them. This isn’t your usual bubble mania. Most valuations are bonkers, yet some valuations, even some apparently high valuations are not bonkers. The lower valuations will not be the ones that will be good investments! My message: don’t indiscriminately pay up, but extremely selectively do pay up as huge outliers will more than pay for the losses in the... Read more ›
0
European conglomerate Bending Spoons, owner of Evernote and video software firm Evernote, struck a deal to buy Vimeo for $1.38 billion in cash. The deal rescues the company, which sells video creation and distribution tools, a business threatened by the rise of artificial intelligence video ... Read more ›
0
Oracle stock rocketed as high as 40% above $335 in Wednesday morning trading, in the wake of the company’s long-range revenue projections that showed its small cloud business growing rapidly through 2030. That growth is thanks to several cloud deals Oracle has struck with companies like OpenAI. ... Read more ›
0
Earlier this summer, chatter in AI communities went into overdrive after OpenAI and Google revealed that their models had achieved gold medal-level performance on the prestigious International Mathematical Olympiad. In the past, this competition had proved difficult for AI models, which struggled to verify whether their generated math proofs were correct without special software.This time around, though, researchers from OpenAI and Google hinted that the techniques they had used to... Read more ›
24
Amazon is developing a pair of augmented-reality glasses for consumers, say two people with knowledge of the plans. In doing so, Amazon is jumping into a still-unproven market in competition with Meta Platforms, which is expected to unveil a new version of its AR glasses at its Connect conference next week, according to people who have worked on that device. Amazon’s glasses, internally codenamed Jayhawk, will include microphones, speakers, a... Read more ›
7
Just two months after Congress passed a cryptocurrency law that gave a big boost to stablecoins, a price war has broken out, potentially wiping away the lucrative profits these tokens could generate. The battle is taking place among users of Hyperliquid, a fast-growing decentralized crypto exchange. They are considering reducing their use of Circle’s USDC, the main stablecoin on Hyperliquid. Competitors are rushing in, offering far better deals to Hyperliquid’s... Read more ›
0
Most popular sources
Business Insider
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28% 12 |
Tom's Hardware
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10% 5 |
MacRumors
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7% 3 |
Gizmodo
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7% 3 |
Financial Times
|
7% 6 |
| View sources » | |
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28.10.2025 14:36
Last update: 14:31 EDT.
News rating updated: 20:33.
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