Nvidia on Tuesday unveiled a new graphics processing unit designed to power existing artificial intelligence, known as inference workloads. The move signals that Nvidia believes data centers of the future need a specific chip for running AI-powered applications like ChatGPT rather than its ... Read more ›
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Microsoft is taking its biggest step to lessen reliance on OpenAI’s artificial intelligence by embracing the startup’s bitter rival Anthropic to power its most important software business. Microsoft will pay to use Anthropic’s technology for some AI features in Office 365 apps, according to two people involved in the effort. The move will blend Anthropic and OpenAI technology in the apps, after years in which Microsoft primarily used OpenAI for... Read more ›
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CoreWeave is starting a venture fund to invest in artificial-intelligence startups, including through what it calls compute-for-equity models. The venture fund will invest in startups building AI models and applications, CoreWeave said Tuesday. The company said it could make traditional venture ... Read more ›
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Across American businesses, use of artificial intelligence has fallen in recent months, according to the Census Bureau’s biweekly survey of thousands of companies.The drop is especially pronounced at the largest companies surveyed: AI for “producing goods and services” peaked in June for those with 250 employees, with roughly 15% of surveyed firms reporting having used the technology at the time. That percentage fell to around 11% by the end of... Read more ›
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Snap CEO Evan Spiegel says Snap is in a “crucible moment,” squeezed “between the tech giants and smaller competitors,” and he vowed to sharpen the company’s focus. He announced plans to shake up the company by creating a series of “working groups” to deal with key issues, including to improve ... Read more ›
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I’ve written lots over the past few months about how startups and big tech companies alike are trying to tackle the problem of agentic commerce—the fancy term for “agent” services that take action on behalf of consumers, in this case, buying stuff. While AI search is a powerful tool to help shoppers hone in on the perfect gift or find a hotel that meets all the requirements for an ideal... Read more ›
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When Andreessen Horowitz raised a record-setting $4.5 billion crypto fund in May 2022, it seemed to have timed the market—in all the wrong ways. Bitcoin prices had fallen 55% from their peak, while Coinbase shares had dropped about 80%. Both would stay depressed for more than another year. But the Sand Hill Road firm’s crypto bets are starting to pay off, at least on paper. By some measures, they have... Read more ›
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Oracle executives are discussing eliminating cash raises and cash bonuses for employees this year, The Information reported on Monday. The firm might offer employees additional stock grants to make up for the lack of additional cash compensation. The potential change is the latest example of how ... Read more ›
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Edo Liberty, the founder and CEO of AI database startup Pinecone, announced in a LinkedIn post on Monday that he would be stepping down from his position at the company. Liberty will become Pinecone’s chief scientist, and Ash Ashutosh, a former Google executive, will become the company’s new ... Read more ›
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Of all the tech companies to reinvent themselves through the power of artificial intelligence, Oracle may be the most surprising. The software giant of yesteryear (well, the 1980s and ‘90s), which stumbled in software’s transition to the cloud, has gotten a new lease on life as an AI cloud provider. We’ll get an update on its progress on Tuesday when Oracle reports results for its quarter ending in August—the first... Read more ›
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Supabase, a database startup that has benefited from the rise of artificial intelligence-powered coding assistants, is in talks with investors about offers that could raise its valuation to at least $5 billion, according to two people with direct knowledge of the discussions. The investment, if finalized, would more than double its valuation from April, when investors led by Accel valued the five-year-old startup at $2 billion including the investment. Read more ›
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Fermi America, a data center site developer co-founded by former Texas governor Rick Perry, filed Monday for an initial public offering to help raise money for what the startup is calling the “world’s largest private grid campus.” Fermi, which was incorporated this year, said it has leased a ... Read more ›
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Shares of cloud provider Nebius rose more than 40% in after-hours trading Monday after the firm said it signed a multi-year deal to rent out servers with Nvidia graphics processing units to Microsoft. The deal is the latest example of a large technology firm like Microsoft spreading out the risk ... Read more ›
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Media mogul Rupert Murdoch has settled a bitter family dispute that threatened his hopes for having his eldest son Lachlan succeed him, with his three other adult children to sell their stakes of the family trust. The settlement will leave Lachlan in sole control once the elder Murdoch, who is ... Read more ›
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Databricks, an artificial intelligence and database provider, announced it has closed $1 billion in Series K funding co-led by Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM Investment Management, at a valuation of more than $100 billion. For the first time, Databricks also ... Read more ›
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Amazon has taken a stake in the Latin American rapid-delivery startup Rappi, Bloomberg reported. Amazon will initially invest $25 million in Rappi via a convertible note, the report said, and is entitled to buy as much as 12% of Rappi through warrants if the company meets certain milestones. ... Read more ›
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Elon Musk’s SpaceX is to buy a big chunk of wireless spectrum from beleaguered EchoStar for $17 billion in cash and stock, a move that advances Musk’s ambitions to launch a satellite-to-cell service. At the same time, The two companies struck a deal under which EchoStar’s cell service Boost ... Read more ›
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Krishan Bhatia is departing his role as vp of global video advertising and partnerships at Amazon after less than a year and a half in the job, Bhatia announced on LinkedIn Monday morning. Bhatia’s team helped build up the ad business of Amazon Prime Video, which launched last year. Advertisers ... Read more ›
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Before we get to today’s main item, please check out my colleague Sri’s exclusive piece from Friday night revealing that OpenAI expects to burn $115 billion in cash through 2029, plus tons of other financial data the company has disclosed to investors. We are still having a hard time digesting the capital that cash burn will require the company to raise in the next five years! We will bring you... Read more ›
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StubHub set the preliminary pricing for its initial public offeirng at between $22 and $25 a share, valuing the company at around $9 billion, well short of the $16 billion valuation it had hoped for last year when it was first planning an IPO. Then, StubHub was hoping to be valued in line with ... Read more ›
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Most popular sources
Business Insider
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26% 11 |
Tom's Hardware
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23% 18 |
The Verge
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6% 12 |
Gizmodo
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5% 1 |
Android Authority
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5% 1 |
| View sources » | |
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30.10.2025 11:45
Last update: 11:35 EDT.
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