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 startupâs $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 âș
64
Shares in Klarna rose 15% on the buy now, pay later lenderâs 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 âș
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, Shopifyâs executive team will take over Nejatianâs responsibilities after his last day, which is Sept. 12. Nejatian joined ... Read more âș
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 âș
0
Tesla CEO Elon Musk says Tesla is âstrugglingâ to finalize the design of its Optimus humanoid robots, primarily due to difficulties perfecting the modelâs hands. âRight now, weâre struggling with the final design of the hardware,â Musk said in an interview at the All-In Summit on Tuesday. Musk ... Read more âș
0
A group of web publishers â including Reddit, People Inc., Medium and Quora â 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 âș
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 OpenAIâs Stargate data center project, according to The Wall Street Journal. The contract is the largest cloud deal ... Read more âș
0
Netflix struck a deal allowing advertisers to buy Netflixâs ad space through Amazonâs advertising technology platform. Netflix competes with Amazonâs Prime Video for viewers and ad dollars, but the two companies donât compete in ad tech. The deal highlights Amazonâs ambition to be a central ... Read more âș
2
To many investors, valuations in AI land are bonkersâyet others justify them. This isnât 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: donât indiscriminately pay up, but extremely selectively do pay up as huge outliers will more than pay for the losses in the... Read more âș
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 âș
0
Oracle stock rocketed as high as 40% above $335 in Wednesday morning trading, in the wake of the companyâs 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 âș
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 âș
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. Amazonâs glasses, internally codenamed Jayhawk, will include microphones, speakers, a... Read more âș
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 Circleâs USDC, the main stablecoin on Hyperliquid. Competitors are rushing in, offering far better deals to Hyperliquidâs... Read more âș
0
Klarnaâs two-decade journey to a public listing means a lucrative return for its biggest backerâSequoia Capital. The Silicon Valley firm stands to make about $2.65 billion on paper from its investment in the buy now, pay later lender, which endured boardroom drama and tumbling valuations on its way to a public listing. Sequoia owns 21% of Klarnaâs voting shares worth $3.15 billion based on Klarnaâs IPO price of $40, which... Read more âș
5
The biggest news today wasnât Appleâs new line of iPhonesâthat was about as much of a secret as the time of tomorrowâs sunrise (for more details of the Apple presentation, see below)âbut Oracleâs blockbuster revenue projections. The software-and-cloud firm is enjoying what you might call its Nvidia moment. It is finally showing the benefits of signing AI firms like OpenAI to use its cloud services. Its new revenue forecasts sent... Read more âș
1
Klarna is planning to price its initial public offer above its planned range of $35 to $37, according to a person familiar with the matter. At the top of the range, Klarna would have a market value of $14 billion, not including unvested employee shares. The plans have not been previously ... Read more âș
24
Figure Technology, the blockchain-based lender co-founded by former SoFi CEO Mike Cagney, has increased the size of its initial public offering to as much as $693 million, a sign of strong investor demand for the shares. Founded in 2018, Figure makes home loans on its blockchain and runs a ... Read more âș
3
Oracle stock leapt 20% in after-hours trading after the software-and-cloud firm projected that new cloud contracts it signed in the first quarter would lift revenue from that business sharply in the next few years, transforming Oracleâs financial performance. Oracle said revenue from cloud â ... Read more âș
7
Apple is slimming down. At the companyâs annual September hardware event, Apple announced its thinnest iPhone ever at 5.6 millimetersâtwo millimeters slimmer than its regular phones. It also introduced three other iPhone models with proportions similar to its existing family of smartphones ... Read more âș
0
Microsoft is planning to use models from OpenAIâs chief rival, Anthropic, to power AI features in its Office 365 software, after previously relying on OpenAIâs models for the AI features. The move reflects how Microsoft is partially shifting to other providers for AI features in the software, ... Read more âș
0
Most popular sources
Business Insider
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19% 7 |
Financial Times
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18% 11 |
MacRumors
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7% 1 |
Android Authority
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6% 3 |
CNET
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5% 2 |
| View sources » | |
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29.10.2025 11:40
Last update: 11:35 EDT.
News rating updated: 17:30.
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