This wasn’t a fun day on Wall Street—the S&P 500 fell 0.5%—but one group of stocks bucked the downward trend. That would be those of several travel-booking and food-delivery firms, such as DoorDash, Booking Holdings and Expedia, which climbed between 3% and 13%. One likely reason is OpenAI’s astounding retreat from offering shopping directly in ChatGPT. While it wasn’t a travel-booking or food-delivery service, investors had clearly been worried it... Read more ›
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Together AI, one of several up-and-coming cloud providers renting out Nvidia chip servers to AI developers, is in talks with investors to raise around $1 billion in funding at a $7.5 billion valuation before the investment, according to two people with knowledge of the fundraise. The funding would more than double its valuation from a year ago and could boost Nvidia’s efforts to diversify its base of customers as investors... Read more ›
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Shares of companies including Booking.com and Expedia rose nearly 8.5% and 13%, respectively, on Thursday, following a report from The Information that OpenAI would abandon plans to sell goods directly in ChatGPT in favor of putting checkouts inside apps that plug in to ChatGPT. The change ... Read more ›
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Some U.S. officials are drafting rules requiring companies and other governments to seek Commerce Department approval to buy AI chips that end up outside the U.S., according to a U.S. official briefed about it. The rules, earlier reported by Bloomberg, aren’t finalized and could ... Read more ›
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The Defense Department has officially told Anthropic that the artificial intelligence company and its products “are deemed a supply chain risk, effective immediately,” according to a senior defense official. The declaration follows an announcement on social media last Friday by Defense Secretary ... Read more ›
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Last week, my colleague Qianer tested an AI agent inside Alibaba’s Qwen app, which resembles ChatGPT. She asked to get a ticket to see Pegasus 3, a comedy film about a race car driver that has been topping the Chinese box office. The agent found the nearest theater showing the movie and recommended seats and screening times for later in the day. Liu then authorized the booking. As OpenAI, Google... Read more ›
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Oracle is planning to cut thousands of employees as soon as this month, according to a Bloomberg report, which said the cuts will be “wider-reaching” than the firm’s typical rolling reductions. Some of the job cuts will impact people who work in roles the firm expects it will no longer need due ... Read more ›
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Weapons maker Anduril expects to roughly double revenue this year to about $4.3 billion, while its operating loss would rise by nearly half to $1.2 billion, according to confidential financial figures shared with prospective investors. The privately held company is raising $4 billion, valuing it at about $60 billion, in a deal led by existing investors Andreessen Horowitz and Thrive Capital. The new capital would help offset substantial operating losses... Read more ›
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Wow, what a day of news! In case you missed it (which would have been difficult), we broke a number of stories yesterday regarding OpenAI and Anthropic. Most memorable was this piece about the fiery, 1,600-word memo Anthropic CEO Dario Amodei penned to staff last Friday criticizing the OpenAI-Pentagon deal. (You can check out the full memo here for some of the fun phrases Amodei uses.) Though the memo garnered... Read more ›
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Chinese tech heavyweights including Alibaba Group, ByteDance and Tencent Holdings are turning to domestic chipmakers to ease the pain from a deepening global shortage of memory chips, according to four people with direct knowledge of the matter. The three companies are in talks to buy more standard memory chips—known as DRAM, or dynamic random-access memory, and NAND flash, which stores data long-term—from two Chinese companies to keep their data centers... Read more ›
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Shares of chip designer Broadcom were trading up 6% in pre-market trading on Thursday, in the wake of the company’s bullish January quarter earnings. Broadcom reported 29% revenue growth but, importantly, 106% expansion in revenue from its fast-expanding AI chip business. Broadcom helps ... Read more ›
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OKX, a crypto exchange giant that’s been considering a U.S. IPO, said it received a strategic investment from the Intercontinental Exchange, the parent of the New York Stock Exchange, that values the crypto firm at $25 billion. The investment will represent less than 10% of OKX’s stake, said ... Read more ›
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Alibaba Group will establish a “foundation model task force” to coordinate group-wide resources and accelerate its AI development, its CEO said Thursday, after a top researcher behind the company’s Qwen suite of models resigned. He also said the company will continue to uphold its commitment to ... Read more ›
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Shares in The Trade Desk gained 9% after hours Wednesday after The Information reported that OpenAI has held early talks to partner with the company, which offers an automated platform for advertisers to place ads on a large scale. Before the report, the ad tech company shares had lost more than ... Read more ›
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OpenAI topped $25 billion in annualized revenue as of the end of last month, according to a person familiar with the figure. That’s a 17% increase from the $21.4 billion in annualized revenue the company was generating at the end of the year, according to the person and a second person with knowledge of the figures. OpenAI is still generating more revenue than its younger rival Anthropic, though the difference... Read more ›
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OpenAI has picked two law firms, Cooley and Wachtell Lipton Rosen & Katz, to prepare for an initial public offering that could come as soon as this year, according to people familiar with the matter. Selecting lawyers to prepare for a listing is one of the first concrete steps the ChatGPT maker has made towards a public listing and usually precedes other measures, such as appointing investment banks to advise... Read more ›
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A scathing internal memo from Anthropic CEO Dario Amodei last week characterized OpenAI’s recent move to strike a Pentagon partnership as “mendacious” and accused rival Sam Altman, OpenAI’s CEO, of engaging in “safety theater” that was insufficient to prevent misuse in military contexts like ... Read more ›
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OpenAI is scaling back its plan to introduce shopping directly inside ChatGPT, marking a change in its high-profile effort to put checkouts inside the chatbot. Instead of allowing users to make purchases directly from product listings that show up in ChatGPT search results, the company is now focused on having checkouts take place inside of specific apps that plug into ChatGPT, an OpenAI spokesperson said. The reasons for the change... Read more ›
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Who hates Sam Altman more—Elon Musk or Anthropic CEO Dario Amodei? If you guessed Elon Musk, our scoop today about the no-holds-barred memo Amodei sent to his staff on Friday about the Pentagon brouhaha might change your mind. Apart from calling OpenAI’s messaging over the Pentagon issue “mendacious,” Amodei explained the Pentagon’s targeting of Anthropic partly by noting: “We haven’t given dictator-style praise to Trump (while Sam has).” Ouch. No... Read more ›
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Crypto exchange Kraken said it became the first crypto firm to gain direct access to the Federal Reserve’s core payments system, a privilege typically reserved only for banks, allowing it to move money for clients without relying on a bank. The approval signals the Federal Reserve’s willingness ... Read more ›
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28.04.2026 22:36
Last update: 22:10 EDT.
News rating updated: 05:30.
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