Broadcom said Thursday that its revenue from designing artificial intelligence chips and related networking equipment rose 63% in the fiscal quarter that ended Aug. 3 to $5.2 billion from the same period last year, beating its earlier projection of $4.4 billion in the quarter. As if that wasn’t ... Read more ›
0
A small cloud provider for artificial intelligence that’s preparing to go public has secured a major boost from its most important supplier: Nvidia. The chip giant agreed this summer to rent 10,000 of its own AI chips from the cloud firm, Lambda, for $1.3 billion over four years, and a separate $200 million deal to rent 8,000 more Nvidia chips over an unspecified time frame, according to a person with... Read more ›
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Google CEO Sundar Pichai and IBM CEO Arvind Krishna appeared alongside First Lady Melania Trump at a White House event Thursday focused on using artificial intelligence in education. The event—a meeting of the White House Task Force on AI Education—featured a panel of government officials and ... Read more ›
0
After listening to Salesforce CEO Marc Benioff and his top brass describe their excitement about the company’s artificial intelligence business for an hour and half on Wednesday, one might have thought they were taking a much deserved victory lap.“Every single one of our customers is becoming an agentic enterprise,” Benioff said.In reality, his comments during a quarterly earnings conference call came as Salesforce issued a less-than-stellar financial forecast for its... Read more ›
1
Elon Musk’s plan to add payments services to X is stalling out amid regulatory problems and executive turnover, The Information reported on Thursday. Adding payments to X was a major part of Musk’s vision to turn the service, formerly known as Twitter, into a WeChat-like “Everything App” after ... Read more ›
0
Companies like Physical Intelligence or Skild AI that aim to build robots that can handle a variety of tasks out of the box have raised hundreds of millions in funding over the last two years. Now, a startup that’s taking a different approach—building robots that master one task at a time—is raising a new round of funding. The startup, Redwood City, California-based Dyna Robotics, is considering multiple investment offers valuing... Read more ›
8
For decades, one of Elon Musk’s biggest ambitions has been using technology to disrupt and replace traditional banks and payments processors. One of his management obsessions, meanwhile, has been pushing his employees to build things as quickly and cheaply as possible. Inside X, those two ideals are coming into conflict. Musk’s desire for X to move quickly on launching a nationwide payments service has contributed to regulatory roadblocks, which in... Read more ›
2
JetBlue and Amazon have struck a deal for the airline to use Amazon’s Project Kuiper still-to-launch satellite internet service to power the Wi-Fi on some of its flights, the companies said Thursday, marking the first agreement between Project Kuiper and an airline. Project Kuiper will provide ... Read more ›
0
Enterprise software firm Atlassian is spending $610 million in cash to buy The Browser Company, which operates the Dia AI-powered web browser. The acquisition is aimed at building a browser that is “optimized” for the software apps that people use in their jobs, the companies said. “Today’s ... Read more ›
0
Nasdaq is stepping up its scrutiny of companies listed on its exchange that are aiming to get a stock price boost by raising money to buy and hoard crypto, according to company filings and people familiar with the matter. The exchange’s move could slow the crypto boom that is putting increasingly exotic tokens on mainstream markets. The stock exchange, where the vast majority of crypto stocks are trading, is requiring... Read more ›
20
Sierra, the artificial intelligence startup founded by Bret Taylor, is in talks to raise $350 million at a $10 billion valuation. The round is being led by Greenoaks Capital. This is a jump from the $4.5 billion valuation that the company raised at last year. Existing backers include Sequoia ... Read more ›
0
OpenAI has increased the size of its employee share sale to roughly $10.3 billion at a $500 billion valuation, according to a person close to the company. That’s up from about $8 billion, The Information previously reported. The boost in size was to accommodate increased investor demand, ... Read more ›
0
Google is out of Wall Street’s doghouse! Stock of Google’s parent company Alphabet shot up 9% on Wednesday as investors rushed to buy up stock of a company whose future is no longer overshadowed by a looming antitrust ruling. Now the focus of antitrust anxiety turns to the other three big tech firms facing government lawsuits—Meta Platforms, Apple and Amazon. And here’s a question: Is there anything we can take... Read more ›
0
Lambda, a San Jose, Calif.,-based cloud provider that rents out Nvidia graphics chips to AI companies, has hired Morgan Stanley, J.P. Morgan and Citi to prepare for an initial public offering in the U.S. as soon as the first half of next year, according to people with direct knowledge of the ... Read more ›
0
Polymarket, the world’s largest prediction market, is set to launch in the U.S. after getting a green light from the Commodity Futures Trading Commission, its CEO and founder Shayne Coplan said in a tweet Wednesday. Founded in 2020, Polymarket banned U.S-based users in 2022 under a settlement ... Read more ›
0
You.com, the AI search startup making a push into business sales, completed a $100 million round of funding led by media conglomerate Cox Enterprises valuing the company at $1.5 billion, it announced Wednesday. Earlier You.com investors Georgian, Salesforce Ventures and Norwest also participated ... Read more ›
0
Apple is working on a web-search engine powered by artificial intelligence, similar to products offered by AI rivals Perplexity and OpenAI, Bloomberg reported. The tool will integrate into Apple’s Siri voice assistant, and potentially its Safari web browser and Spotlight search tool. The company ... Read more ›
0
Figma’s June quarter revenue grew 41% to $249.6 million, the newly public company said Wednesday, as customers spent more on its AI-powered design software. The company’s free cash flow was $60 million in the quarter, which was its first quarter as a publicly traded company, up from negative ... Read more ›
0
Salesforce revenue rose 10% to $10.2 billion in the fiscal quarter that ended in July, breaking a streak of 8% revenue growth in the prior four quarters that had drawn concerns about its future growth prospects in the artificial intelligence era. But the customer management software giant also ... Read more ›
2
Lambda, a cloud provider that rents out Nvidia graphics chips for artificial intelligence, has hired investment banks to prepare for an initial public offering in the U.S., according to people with direct knowledge of the talks. The San Jose, Calif.-based startup has hired Morgan Stanley, J.P. Morgan and Citi to prepare for a listing as soon as the first half of next year, the people said. The 13-year-old company is... Read more ›
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Most popular sources
Business Insider
|
20% 10 |
Financial Times
|
19% 18 |
Tom's Hardware
|
15% 11 |
MacRumors
|
9% 3 |
Android Authority
|
5% 1 |
| View sources » | |
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29.10.2025 02:24
Last update: 02:15 EDT.
News rating updated: 08:11.
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