The Biden administration said Friday it would move to significantly limit a trade provision used by e-commerce companies like Temu and Shein, as part of an effort to crack down on illegal and unsafe goods entering the U.S. The provision, known as de minimis, allows individuals to import up ... Read more ›
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The CEOs of Nvidia, Microsoft, CoreWeave, Amazon Web Services and OpenAI met with the U.S. secretaries of energy and commerce at the White House on Thursday to discuss how the energy grid would handle growing power needs from artificial intelligence and how to speed up the development of ... Read more ›
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OpenAI today released its much-anticipated Strawberry artificial intelligence model, designed to “solve harder problems” than its previous models, as the company said in its blog post today. Here’s a problem it should try to tackle: How can investors justify investing money in the ChatGPT maker at a $150 billion valuation, the level at which OpenAI is raising money right now? (For more on that, see our scoop today about the... Read more ›
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OpenAI has been talking to a UAE state-backed fund about participating in the artificial intelligence developer’s capital raise of up to $7 billion, The Information reported Thursday. The fund, MGX, would join existing investors Thrive Capital, Microsoft, Khosla Ventures and others in the ... Read more ›
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For cybersecurity investors rattled by a year filled with valuation haircuts for high-priced cybersecurity companies, Thursday offered a glimmer of hope that home-run deals are still possible in the sector.Mastercard announced that it will acquire threat intelligence startup Recorded Future for $2.65 billion from private equity and venture capital firm Insight Partners. Insight had acquired it for $780 million in 2019, notching a 3.3 times return on investment for the... Read more ›
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OpenAI’s ChatGPT has more than 10 million paying subscribers and another 1 million subscribers that are part of higher-priced plans for business teams, COO Brad Lightcap recently told staff in a message, according to a person who viewed the message. Those numbers, which the company hasn’t publicly disclosed, imply that the artificial intelligence chatbot is conservatively generating more than $225 million in revenue per month, or $2.7 billion on an... Read more ›
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Software firm Adobe reported 11% revenue growth in its third fiscal quarter, a slightly faster growth rate than the previous quarter, as demand grew for Adobe’s image generation model, Firefly. But lower-than-expected projections for the fourth quarter sent Adobe stock down 10% in after-hours ... Read more ›
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Warner Bros. Discovery will add more than 6 million streaming subscribers within its direct-to-consumer business, which includes the Max and Discovery+ streaming services, according to WBD CEO David Zaslav. Most of that growth is coming from international markets such as Europe and Latin America ... Read more ›
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For creators, getting paid comes a close second in importance to reaching fans. But we don’t often get an inside look at how the payments—from tips to subscriptions—happen. That’s why our colleague Michael Roddan’s reporting on Stripe earlier this week is a must read. Fintech companies like Stripe have leaned into a surge in online payments in recent years, and Stripe has touted how it’s embraced new forms of commerce... Read more ›
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Amazon said Thursday that it expects average wages for people who drive for its delivery subcontractors to reach nearly $22 per hour, a 7% increase from last year. The move comes as Amazon’s system of subcontractors, whom the company calls Delivery Service Partners, faces pressure from federal ... Read more ›
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OpenAI on Thursday released a first version of its highly anticipated Strawberry artificial intelligence that aims to reason through complex problems just as it raises up to $7 billion from Thrive Capital and potentially also from a UAE state-backed investment firm, MGX. The model, officially ... Read more ›
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OpenAI has told investors it may try to raise as much as $7 billion in a massive fundraising round that would value it at $150 billion. It is in talks with MGX, the $100 billion UAE state backed investment fund, as well as tech and VC investors such as Microsoft and Thrive Capital. A spokesperson for MGX said that “as part of its regular investment mandate, MGX has been continuously... Read more ›
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Microsoft hired former General Electric CFO Carolina Dybeck Happe as its new chief operations officer, reporting to CEO Satya Nadella, he said in a memo to employees on Thursday. In the newly created role, Happe’s job is to improve Microsoft’s operations to “accelerate our company-wide AI ... Read more ›
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Mastercard said it would acquire cybersecurity firm Recorded Future from private equity and venture capital firm Insight Partners for $2.65 billion, a sizable gain for Insight which acquired the firm in 2019 for $780 million. Mastercard says Recorded Future analyzes data to provide ... Read more ›
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Trading platform eToro will stop offering trading in nearly all types of crypto assets as part of a settlement with the U.S. Securities and Exchange Commission. The settlement comes amid broader SEC scrutiny of retail stock trading apps that offer crypto services. Robinhood, for example, in May ... Read more ›
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Before you get your hands on OpenAI’s Strawberry reasoning model—which we’re told is due out before the end of this week, including a version that will be in the free tier of ChatGPT—noodle on this:Can artificial intelligence kill the enterprise software app industry that’s led by companies such as Salesforce and Workday?That’s the trillion-dollar question at the heart of recent comments from the CEO of Klarna, Sebastian Siemiatkowski, who’s made... Read more ›
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Warner Bros. Discovery and cable-broadband giant Charter Communications struck a deal to extend Charter’s carriage of WBD’s cable channels, such as TNT, CNN, TBS and Discovery, while also including WBD’s streaming services for certain Charter cable customers at no extra cost. ... Read more ›
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Microsoft is laying off 650 people in its Xbox gaming unit, Xbox CEO Phil Spencer said in a memo to staff on Thursday. The cuts will primarily affect roles in “corporate and supporting functions” and Microsoft is not closing any of its game studios or scaling down production of any games or ... Read more ›
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Grabbing attention is in GoDaddy’s DNA. The web domain hosting company that skyrocketed to widespread fame in the 2010s with a series of provocative Super Bowl ads is having another moment in the limelight, this time with Wall Street investors. After stagnating at the same level for five years, GoDaddy shares doubled between last November and last month. The rally was sparked by the company’s third-quarter 2023 report that its... Read more ›
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Mistral released Pixtral 12B, the French startup’s first artificial intelligence model capable of taking in images as well as text, on Wednesday. The release follows similar multimodal models from rivals Anthropic, Google and OpenAI. Meta is also working on vision capabilities for its ... Read more ›
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29.03.2026 00:09
Last update: 23:55 EDT.
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