Meta Platforms reported a 26% increase in its third-quarter revenue that exceeded its own forecasts for the period. But the company also saw a 32% increase in its costs as it spent heavily to recruit superstar artificial intelligence researchers and operate its growing fleet of data centers. The ... Read more ›
0
Microsoft revenue grew 18% to $77.7 billion in the three months ending in September, the same rate of growth as the June quarter, the company said Wednesday. Revenue growth stayed flat despite Azure cloud-server rental revenue rising 40% during the September quarter—3 percentage points higher ... Read more ›
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Google’s revenue from renting out cloud servers rose 34% in the September quarter compared to the same period last year, powering faster revenue growth at its holding company, Alphabet. The result, in part due to its cloud sales to artificial intelligence developers, gives the company more cover ... Read more ›
0
Sophie Boulanger, the CEO of SRTX, the Canadian manufacturer of Sheertex tights, has stepped down after less than two months on the job, according to a company spokesperson. SRTX has begun a formal strategic review of its business that could lead to a sale or recapitalization, the spokesperson ... Read more ›
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Morgan Stanley has agreed to acquire EquityZen, a trading platform for buying and selling stakes in private companies. Terms of this transaction weren’t disclosed. The deal, the bank’s first acquisition under CEO Ted Pick, reflects the increasing appetite of Wall Street to invest in privately ... Read more ›
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Nvidia’s market capitalization passed $5 trillion on Wednesday, about $1 trillion more than the next-most valuable company, the latest testament to Nvidia’s strong position in the AI sector. Nvidia shares were up 3% to slightly above $207, giving the company a market capitalization of $5.04 ... Read more ›
2
Italian tech conglomerate Bending Spoons struck a deal to buy once-powerful internet powerhouse AOL from Apollo-owned Yahoo for an undisclosed price, adding to a recent spate of purchases by the company of faded U.S. tech firms. Reuters had reported at the start of October that Bending Spoons ... Read more ›
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The tech rivalry with the U.S. has made China take an unusual step: It is accelerating the pace at which startups go public in hopes of increasing investment in the tech sector. In recent months, securities regulators in China approved the public listings of two chip designers, MetaX and Moore Threads, in less than three months. Chinese regulators typically take a year to approve the public listing of a company.... Read more ›
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A Washington D.C-based startup developing software for artificial intelligence data centers to connect to the power grid said it raised $18 million in new capital in a deal led by Lowercarbon Capital, with participation from Nvidia, Radical Ventures, and National Grid Partners. The startup, ... Read more ›
3
Payments tech giant Fiserv’s stock collapsed 45% on Wednesday morning after the company slashed its revenue growth outlook for 2025 and announced a management shakeup. Fiserv, whose Clover payments service competes with companies such as Square, reported 1% revenue growth for the third quarter ... Read more ›
26
OpenAI flooded the zone yesterday with a long-awaited announcement regarding its revised agreement with Microsoft and corporate restructuring, and an hour-long livestream in which CEO Sam Altman and Chief Scientist Jakub Pachocki answered questions from the public. (For more on the restructuring, check out this story from my colleagues.)On the livestream, the two men covered a range of topics, from OpenAI’s decision to allow more NSFW content like erotica on... Read more ›
0
Paris Hilton said she has spent years training an artificial intelligence chatbot based on her interviews, writing and songs that knows her “sometimes even better than I know myself.” “It’s studied every single thing I’ve done, everywhere I’ve been, every interview I’ve done,” she said onstage at The Information’s Women in Tech, Media and Finance conference in Yountville, Calif., on Tuesday night. “It’s like having, not a clone, but a... Read more ›
1
Etsy said Wednesday that CEO Josh Silverman will step down and become the executive chairman of the online marketplace’s board, as the company tries to revamp itself amid continually declining sales. He will be replaced by Kruti Patel Goyal, a longtime Etsy executive who was previously its ... Read more ›
0
Things have never been better for Shopify. The e-commerce firm’s stock is trading near all-time highs. And a recent deal with OpenAI has put Shopify in a position to capitalize on AI-fueled shopping by easily allowing its merchants to sell products through ChatGPT. And yet Shopify is seeing the kind of executive turnover normally associated with companies that are struggling. Read more ›
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Arvid Lunnemark, one of the four co-founders of Anysphere, which develops the Cursor AI coding software, announced that he is leaving the startup earlier this month. “Today, I told the team that I have decided to leave Cursor,” he wrote in a statement on his website on October 18th. “It is, of ... Read more ›
0
A memo from California’s attorney general suggested that Elon Musk’s federal lawsuit against OpenAI will be unaffected by the artificial intelligence startup’s restructuring. But now that the restructuring has occurred, it may be hard to unwind the change even if Musk wins. Both the attorneys ... Read more ›
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Where’s an AI agent when you need one? We got a flood of AI-related news today, including OpenAI’s revelation that it had completed its long-gestating restructuring into a near-normal company, one that can go public one day. Nvidia CEO Jensen Huang also was busy making news at the company’s GTC event in Washington, revealing the volume of orders it has received through the end of calendar 2026 for new chips,... Read more ›
0
Nvidia is jumping into the self-driving car technology market, unveiling a deal with Uber to partner on production of thousands of vehicles that can run as robotaxis on Uber’s service. Stellantis, maker of Fiat and Chrysler, will produce the cars. Uber said 5,000 of the cars will be delivered ... Read more ›
2
Nvidia on Tuesday said that it would invest $1 billion in Nokia, the Finnish telecommunications company that provides network equipment and software. As part of the deal, Nokia will adopt Nvidia’s new telecommunications hardware that is designed for artificial intelligence. “We’re going to ... Read more ›
2
OpenAI on Tuesday completed a yearlong restructuring that will allow it to one day go public, when it could raise tens of billions of dollars to help fund its costly artificial intelligence. The company will continue to be effectively controlled by a nonprofit board of directors, although the restructuring has converted the investments made by OpenAI’s various backers into regular equity. That gives financial backers including Microsoft, the biggest shareholder,... Read more ›
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Most popular sources
Business Insider
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19% 2 |
Tom's Hardware
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12% 12 |
The Verge
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10% 4 |
Vox
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7% 6 |
Gizmodo
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6% 3 |
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17.12.2025 02:55
Last update: 02:50 EDT.
News rating updated: 09:51.
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