Former Anthropic researchers are in talks to raise $175 million at a $1 billion valuation for a new startup that aims to conduct AI-driven research and development for scientific fields such as biology and materials science, according to people who have spoken to them. Andreesseen Horowitz and Kleiner Perkins are in talks to co-lead the round, they said. The new company, Mirendil, is the latest research-focused startup, or neolab, to... Read more ›
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Amazon Web Services is working with AI chip startup Cerebras Systems on a new service that aims to boost the performance of AI applications running in the cloud. The service, which is launching in the next couple of months as part of Amazon’s Bedrock application-building service, will use a ... Read more ›
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Travis Kalanick is preparing to launch a new self-driving car company with major backing from Uber, according to several people familiar with the matter. Kalanick has also been discussing acquiring the startup founded by Anthony Levandowski, who has developing autonomous software for mining and other industrial use cases with Pronto.ai. Read more ›
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When companies typically go public, they appoint one or two investment banks to oversee everything—from valuing the company to lining up investors. That’s not how Elon Musk plans to handle the upcoming SpaceX giant’s initial public offering. The rocket and AI firm has discussed dividing up roles among a larger group of investment banks, according to people familiar with the discussions. Executives have told people involved in the deal they’ve... Read more ›
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Amazon Prime Video told customers today that it was raising the price for its ad-free tier from $2.99 a month to $4.99 a month. That’s in addition to the cost of a Prime membership. The price increase, which kicks in April 10, also comes with access to other features, like the ability to watch ... Read more ›
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Travis Kalanick has told people he is starting a new artificial intelligence and robotics company, according to people familiar with the matter. Kalanick, known for founding Uber, has been running another private tech company he acquired called CloudKitchens. CloudKitchens—which leases kitchens ... Read more ›
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Unlike London’s Wembley Stadium, with its arcing steel crown, or the University of Michigan’s Big House, cavernous and iconic, Barcelona’s Cupra Arena is easy to miss. It occupies a dockside warehouse on the outskirts of the city, unremarkable from the road, if not for the gusts of applause that rattle the corrugated walls. It’s home to the Kings League, an internet-first remix of soccer—part sport, part livestream spectacle—launched in 2022... Read more ›
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Elon Musk says he’s rebuilding xAI from the ground up after the vast majority of its founding staff left the company. “xAI was not built right first time around, so is being rebuilt from the foundations up,” Musk said in an X post on Thursday. “Same thing happened with Tesla.” Musk also said ... Read more ›
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On Friday morning, lawyers representing Elon Musk, OpenAI and Microsoft will file into a federal courtroom in Oakland, Calif., where a judge will resolve some crucial questions that remain outstanding before Musk’s lawsuit against OpenAI goes to a trial next month. Among them: whether Musk can rely on the testimony of his damages expert, an economist who says OpenAI could be on the hook for up to $109 billion if... Read more ›
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Startups hoping to go public this year will need plenty of grit to get their shares listed. A rout in software stocks over fears AI will make their businesses irrelevant had already poured cold water on many startups’ initial public offering plans. Then the Middle East war made companies even more nervous about testing a volatile stock market. What’s more, a looming SpaceX and possibly OpenAI and Anthropic IPOs threaten... Read more ›
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Meta’s new foundational model, code-named Avocado, has come up short of competitors’ AI models, prompting the company to delay its release, The New York Times reported Thursday. The company is pushing out Avocado’s rollout, which was supposed to happen this month, to at least May, the report ... Read more ›
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The Saaspocalypse may have claimed another scalp! Adobe said Thursday its longtime CEO and chair, Shantanu Narayen, had decided to give up the job as soon as his replacement can be found. Less than two months ago, Adobe had given Narayen an annual grant of stock, to vest based on the company's stock performance 2028, suggesting the board wasn’t expecting the CEO to leave anytime soon. Perhaps after 18 years... Read more ›
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Nscale, an upstart cloud provider heavily backed by Nvidia whose customers include OpenAI and Microsoft, is in talks to take control of one of the largest available sites for AI data centers in the U.S., according to people with knowledge of the talks and fundraising documents viewed by The Information. A deal to buy the site, located in West Virginia, would make the young U.K.-based cloud provider a major force... Read more ›
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Google completed its $32 billion purchase of Wiz this week, finalizing a real windfall for those who invested in the cybersecurity startup. But even the tech investors who missed out on backing Wiz stand to benefit.After many years of regulatory challenges from the U.S. and abroad, the ability for a big tech company to complete a mega deal flashes a green light for others to follow. Read more ›
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BuzzFeed is “exploring strategic options” to close the gap between its roughly $26 million market capitalization and what executives see as the value of the digital media firm’s assets, the company said Thursday. BuzzFeed shares fell 10% in after-hours trading. BuzzFeed CFO Matt Omer said in a ... Read more ›
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Adobe announced that Shantanu Narayen is planning to step down as CEO after 18 years as soon as the company finds his successor. It’s the latest example of software firms shaking up their leadership as they deal with the threat posed by artificial intelligence. Narayen, who turns 63 in May, ... Read more ›
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Investors’ fears that AI could dampen spending on traditional business applications have wreaked havoc on the shares of companies like Salesforce, ServiceNow and Workday. But Oracle executives this week cited how businesses can use Oracle’s AI tools as evidence that Oracle is immune to the so-called Saaspocalpyse. On an earnings call earlier this week, executive chair and CTO Larry Ellison said hospitals can add AI agents to their Oracle applications... Read more ›
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PayPay shares rose nearly 20% in the Japanese mobile payment app’s debut in the U.S. stock market Thursday, before closing with a 13% gain and market cap of TK. The company raised almost $880 million in the IPO, including shares sold by investor SoftBank, making it the biggest listing ever ... Read more ›
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Elon Musk’s xAI is hiring two senior Cursor leaders as part of an effort to catch up with AI rivals in coding, according to a person with direct knowledge of the move. The pair, Andrew Milich and Jason Ginsberg, will both report to Musk, the person said. The move follows a string of high-level departures at xAI, including the majority of its co-founders, and comes as Musk says the company’s... Read more ›
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Zihang Dai, a co-founder of xAI, has left Elon Musk’s artificial intelligence firm, Business Insider reported on Thursday, the latest in a string of high-profile exits this year. Another co-founder, Guodong Zhang, is also planning to leave, the report said. After both reported departures, xAI ... Read more ›
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28.04.2026 18:01
Last update: 17:55 EDT.
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