Quarterly earnings could be going away. Will this result in more IPOs?One of the hallmarks of investing in public stocks is receiving quarterly updates from the companies. Those financial results and, even more so, forecasts can sink or lift stocks. Preparing them is such a time-suck for company executives that some startup founders have pointed to these reports as a reason to stay private. The Securities and Exchange Commission is... Read more ›
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Prediction market Kalshi is raising $1 billion at a $22 billion valuation in a new funding round led by investment firm Coatue Management, according to a person familiar with the matter. The round would double Kalshi’s valuation from last December, when it raised $1 billion at a $11 billion ... Read more ›
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Jeff Bezos is in talks to raise a $100 billion fund to buy manufacturing companies and implement AI to speed up their automation, The Wall Street Journal reported Thursday. The fund will aim to purchase industrial companies in industries such as aerospace, chipmaking and defense. In the past few ... Read more ›
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Amazon has acquired autonomous robotics startup Rivr, an Amazon spokesperson confirmed, a deal that could help the commerce and logistics giant deliver packages to shoppers’ doors more efficiently. Based in Zurich and formerly known as Swiss-Mile, Rivr was valued at $110 million in an August 2024 funding round, according to PitchBook. Amazon and Jeff Bezos’ Bezos Expeditions participated in that round, as did HSG, the venture firm formerly known as... Read more ›
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Crypto.com, a digital-asset exchange headquartered in Singapore, reduced its workforce by about 12%, joining the list of companies using artificial intelligence to drive efficiencies across its business, a spokesperson said. The company had about 1,500 people before the layoff, according to a ... Read more ›
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The debate over whether AI might replace traditional enterprise apps such as Salesforce, ServiceNow, SAP, and Workday often ignores a more likely near-term scenario: that AI will stop some customers increasing their spending on those apps.Brian Spanswick, chief information officer at data security firm Cohesity, which generates more than $2 billion in revenue a year, said a large chunk of the budget for his 400-person IT department goes towards subscriptions... Read more ›
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Meta Platforms is scaling back on its use of third-party vendors for content moderation in favor of artificial intelligence systems, the company announced Thursday. The parent company of Facebook, Instagram and Threads said it will roll out more AI systems to review content across its platforms ... Read more ›
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Anjney Midha, the former Andreessen Horowitz general partner and early personal investor in Anthropic, is finally ready to talk about his highly anticipated AI infrastructure venture, for which he was trying to raise more than $10 billion, my colleague Katie has reported.Midha says the new firm, AMP, is creating a “grid for AI,” similar to how electricity access is managed by a central grid, that will reshape how AI developers... Read more ›
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Alibaba Group CEO Eddie Wu said Thursday that the Chinese tech giant aims to generate more than $100 billion in annual cloud computing and AI revenue within the next five years. In the 11 months through February, such revenue at Alibaba stood at about $14.5 billion. Alibaba is counting on AI ... Read more ›
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Startups developing data centers to power AI are among the most capital-hungry businesses around right now. Many are raising billions of dollars in equity and debt to build complicated facilities.There are few like Houston-based Giga Energy, however. Founded in 2019 by two Texas A&M juniors studying finance and industrial distribution, Giga has generated more than $270 million in revenue in its lifetime while being almost completely bootstrapped, according to CEO... Read more ›
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Uber said it would invest up to $1.25 billion in electric vehicle maker Rivian over the next five years, and it will buy thousands of Rivian robotaxis. The announcement adds Rivian to a range of self-driving partnerships Uber has announced. Rivian stock was trading up 7% in pre-market ... Read more ›
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A couple of years ago, design software firm Canva was one of the hot startups to watch, on everyone’s list of IPO candidates. But it sat out last year’s IPO class and now finds itself in an awkward spot. Not only is software out of favor with investors, who fret about how AI will disrupt it, but giant offerings coming from SpaceX, OpenAI and Anthropic will overshadow the IPO market... Read more ›
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Fal, a fast-growing cloud service for accessing and storing AI models that generate images, video, and audio, is in talks to raise $300 million to $350 million, according to a person with direct knowledge of the fundraise. The deal, which would nearly double the company’s paper valuation to around $8 billion from a financing three months ago, shows intense demand from investors for startups that can run AI models quickly... Read more ›
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It may be time for Apple to update the rules for its App Store. As we reported in this story today, app developers making apps that allow vibe coding—AI tools that let people without coding experience create apps easily—have run into delays getting their apps approved. Slowing down that process isn’t a good look for Apple, which has faced plenty of criticism in the past for exercising too much control... Read more ›
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Meta Platforms is shutting down Horizon Worlds for its virtual reality headset users, the company announced Tuesday. The VR social network will continue to operate via its mobile app, but users accessing it through the Meta Quest headset will no longer be able to create, publish or update ... Read more ›
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A rogue AI agent recently triggered a major security alert at Meta Platforms, by taking action without approval that led to the exposure of sensitive company and user data to Meta employees who didn’t have authorization to access the data. A Meta spokesperson confirmed the incident, while adding that “no user data was mishandled” as a result of it. The episode underscores the growing risks of giving AI agents access... Read more ›
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JPMorgan and other banks have suspended a $5.3 billion debt deal for survey software company Qualtrics because debt investors were concerned over Qualtrics’ exposure to the decline in software valuations, according to Bloomberg. The troubled deal shows how investor fears about AI harming ... Read more ›
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Crypto exchange Coinbase is moving fast to build the infrastructure that allows AI agents to make payments, seeking a lead in the nascent market that could become a battleground for payments firms. Coinbase and Zerohash, a crypto infrastructure startup, are among the companies vying to issue a new stablecoin for Cloudflare that is set to launch this year, according to people familiar with the matter. The deal could put the... Read more ›
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Nvidia’s developer conference has agent fever. On Tuesday, one of the most popular spots at the company’s GTC convention was Nvidia’s “Build-A-Claw” tent, where attendees could try out Nvidia’s newly unveiled NemoClaw, open-source software for creating AI agents based on the popular OpenClaw.Many of the people who stopped by the Build-A-Claw tent wanted to take an agent for a test drive to see how it works before setting up their... Read more ›
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A year ago, CoreWeave looked like AI’s riskiest play. Then last fall, Oracle stepped in front. More recently, Masayoshi Son’s SoftBank, no stranger to big bets, has borrowed its way to the top.This week, though, a new company took the title as riskiest AI firm: Nscale, a company run by a former coal miner that appears to have been independent for about six months. It might hold that prize for... Read more ›
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06.05.2026 11:55
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