Adobe in recent months held talks with Synthesia, a London-based maker of artificial intelligence software that generates video avatars of people, to buy the startup for about $3 billion, a premium from the startup’s $2.1 billion valuation in a January financing, according to a person with knowledge of the discussions. Synthesia and Adobe walked away without reaching a deal after disagreeing about the price, this person and two others said.... Read more ›
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Enterprise search startup Glean has attracted customers and venture capital thanks to an AI search tool that lets employees quickly find corporate files and data in all of the apps their companies use. But Mike Cannon-Brookes, the CEO and co-founder of productivity app Atlassian, thinks his company is ahead of Glean in enterprise search—despite launching its rival product three years after Glean did.Cannon-Brookes said in an interview on The Information’s... Read more ›
0
Index Ventures has hired a new partner for its New York office. Sahir Azam joins the firm from database business MongoDB, where he was chief product officer. News of the hire hasn’t previously been reported. Azam plans to invest in a range of sectors, including data infrastructure and security, ... Read more ›
0
Former Shopify COO Kaz Nejatian is taking the top job at Opendoor with a compensation package entirely based on reviving the company’s stock price, according to a securities filing Thursday. Nejatian, whose departure from Shopify was disclosed on Wednesday ahead of Opendoor’s announcement of his ... Read more ›
2
Temu is looking to hire U.S. government relations staffers who can make the fast-fashion giant’s case to lawmakers as it contends with the fallout from tariffs and trade talks, according to two people with knowledge of the strategy. The move to build a team in Washington D.C. would be a dramatic ... Read more ›
0
The most popular consumer internet services usually figure out how to make money even after a decade or more of losses. Amazon, Uber, Netflix and Snap all started generating cash by raising prices or leveraging their large audiences to sell ads or other services. OpenAI’s growing audience would seem to put it in a similar position. Its three-year-old ChatGPT business is closing in on 1 billion users and $10 billion... Read more ›
0
Despite the widespread hype around AI, its adoption in the enterprise is facing challenges. How are CEOs handling the high costs of implementing AI and the difficulty in demonstrating a return on investment? We asked our new Deep Research tool and got the following answer. Read more ›
0
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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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Most popular sources
Business Insider
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20% 9 |
Financial Times
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19% 18 |
Tom's Hardware
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15% 11 |
MacRumors
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8% 3 |
Android Authority
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4% 1 |
| View sources » | |
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29.10.2025 04:18
Last update: 04:05 EDT.
News rating updated: 10:11.
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