Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khamenei’s death, Kalshi said it couldn’t pay out any ... Read more ›
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TikTok announced it has completed a restructuring in which its data security arm is being sold into a joint venture, owned by a group of investors including Oracle, MGX and Silver Lake, to bring the popular app into compliance with a 2024 law. The law had required TikTok’s U.S. ... Read more ›
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That’s what you call going out with a whimper. Capital One’s agreement on Thursday to buy Brex, a corporate credit card startup, for $5.15 billion is an uninspiring end to Brex’s life as an independent company. Those with long memories will remember that the nine-year-old Brex’s ambitions were once so grand it claimed to be disrupting American Express—Brex even used the term “BuyAmex” as the Wi-Fi password in one of... Read more ›
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Brex’s $5.15 billion agreement to sell to Capital One isn’t the kind of exit employees or investors would have dreamed of four years ago, when it was valued privately at $12.3 billion. But it appears to be a good enough ending to the corporate credit card startup’s run as a private company. For one, the half-cash, half-stock deal gives Brex shareholders the kind of instant payday another private round or... Read more ›
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Microsoft said Thursday it was investigating an outage that took down Office 365 apps such as its Outlook email service and Teams messaging app in North America throughout the day. The company said it was aware of customers who were unable to send or receive emails through Outlook. It’s one of ... Read more ›
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Capital One struck a deal to buy payments and credit card startup Brex for $5.15 billion, the U.S. bank said on Thursday. That is a far cry from Brex’s last valuation of $12 billion during a 2022 fundraising, though the sale means investors in the nine-year-old startup will be able to cash out ... Read more ›
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President Donald Trump sued JPMorgan and the bank’s CEO Jamie Dimon for closing his bank accounts in 2021 shortly after the January 6 riots in the U.S. Capital. The lawsuit, which was filed in Miami-Dade County and Thursday, claims accounts owned by Trump and his related entities were closed “as ... Read more ›
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Intel’s fourth quarter revenue fell 4%, the chip firm reported Thursday, at the high end of the company’s projections. The result reflected a 7% decline in its largest unit, through which it sells CPUs for use in personal computers and other consumer products. Intel stock, which has more than ... Read more ›
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Caroline Ellison, the former chief executive officer of Alameda Research and ex-girlfriend of Sam Bankman-Fried, was released from jail Wednesday, according to the Federal Bureau of Prisons’ inmate record. Ellison was sentenced for two years in prison, after she pleaded guilty to fraud in 2023 ... Read more ›
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BitGo, a crypto custodian, opened up 25% on the New York Stock Exchange Thursday, becoming the first crypto company to go public this year. The company and its shareholders raised $213 million in its initial public offering, at a price of $18 per share, giving it a valuation of about $2.1 ... Read more ›
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Tesla has started offering rides to customers in a few of its Robotaxi vehicles without backup human supervisors for the first time, the company’s top AI executive said on Thursday. The move in Austin is a key initial step toward catching up with Alphabet’s Waymo, which offers autonomous rides ... Read more ›
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Hi! If you’re finding value in our Applied AI newsletter, I encourage you to consider subscribing to The Information. It contains exclusive reporting on the most important stories in tech, like this story from Aaron and Wayne on Apple software chief Craig Federighi‘s cautious approach to improving the company’s AI standing. Save up to $250 on your first year of access.Even as OpenAI begins a herculean effort to generate billions... Read more ›
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Intel’s stock price has more than doubled in the past five months, since President Donald Trump announced the U.S. government would buy a 10% stake in the ailing chip manufacturer, followed by similar investments from SoftBank and Nvidia. Investors are betting the new capital, coupled with a surge in AI demand, will help resuscitate the company. Those expectations will collide with reality when Intel reports fourth-quarter earnings late this afternoon,... Read more ›
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Tesla plans to start selling its Optimus humanoid robots to the general public by the end of 2027, CEO Elon Musk said at the World Economic Forum in Davos on Thursday. By then, Musk said Tesla expects the robots to be “high reliability, high safety.” While Musk has promised that the Optimus ... Read more ›
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It seems like every AI researcher these days has lots of ideas around how to combat major shortcomings in the field, such as the “split-brain problem” (in which a model can incorrectly answer a question just because of the way the question is phrased), by developing new models that do “continual learning,” for instance.AI researchers also tell me they’re interested in revamping the model training process. Some researchers, including Amazon’s... Read more ›
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PayPal said Thursday it would acquire the e-commerce startup Cymbio, which makes software that helps brands make their product catalogs available to AI search apps and agents. The deal is aimed at helping PayPal quickly build up more features to help merchants make sales through AI chatbots like ... Read more ›
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Last fall, Apple’s software chief, Craig Federighi, delivered a warm message to a meeting of the company’s combined software and AI groups. Federighi said he was excited about deeper collaboration between his software team and Apple’s AI group. But then came Federighi’s criticism. He added that he liked moving fast and feeling the “wind at his back,” but in recent years he had felt Apple hadn’t been moving as quickly... Read more ›
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Alibaba Group is preparing to list its chipmaking unit T-Head, taking advantage of strong investor demand for companies developing AI processors to reduce China’s reliance on Nvidia, Bloomberg reported. Alibaba will first restructure the unit as a business partly owned by employees, before ... Read more ›
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Anthropic last month projected it would generate a 40% gross profit margin from selling AI to businesses and application developers in 2025, 10 percentage points lower than its earlier optimistic expectations, The Information reported late Wednesday. The lower-than-expected ... Read more ›
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Amazon-owned primary care chain One Medical said it is launching an AI health assistant, a move that comes on the heels of similar healthcare chatbot announcements from Anthropic and OpenAI. One Medical members, who pay an annual fee for virtual and in person health care services, can use the ... Read more ›
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Anthropic last month projected it would generate a 40% gross profit margin from selling AI to businesses and application developers in 2025, according to two people with knowledge of its financials. That margin was 10 percentage points lower than its earlier optimistic expectations, though it’s still a big improvement from the year before. The lower-than-expected gross profit margin resulted from the costs of running Anthropic models for paying customers, in... Read more ›
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14.03.2026 16:59
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