Palantir, which sells artificial intelligence for analyzing data, on Monday raised its full-year 2024 revenue projection for the third time this year after growth accelerated in the third quarter. Demand for its software boosted revenue 30% to $725 million in the quarter, compared to the same ... Read more ›
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Nvidia has had discussions to invest in xAI’s latest financing round, which could value the OpenAI rival at around $45 billion, representatives for xAI told a prospective investor. The talks come just five months after xAI raised $6 billion at a $24 billion valuation. The 18-month-old startup ... Read more ›
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Perplexity co-founder and CEO Aravind Srinivas, already under fire from several media organizations, waded into a labor dispute between the New York Times and the company’s technical staff who went on strike Monday. In an X post directed to A.G. Sulzberger, the Times’ publisher, Srinivas said ... Read more ›
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TikTok parent ByteDance increased its international revenue more than 60% to about $17 billion in the first half of 2024, according to two people with knowledge of the financial results. As TikTok accounts for most of ByteDance’s revenue outside China, the growth suggests that TikTok’s advertising and other businesses have remained strong despite the threat of a U.S. ban. ByteDance’s overall revenue in the first half—mainly coming from advertising and... Read more ›
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T-Mobile agreed to pay OpenAI roughly $100 million over the next three years as part of a deal to use the startup’s technology, The Information reported on Monday. T-Mobile is paying to use OpenAI’s models to develop a new customer service chatbot that will aim to remember customer-specific data ... Read more ›
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The stakes for Silicon Valley in Washington have never been higher, as Democrats and Republicans argue over how to best ensure America’s tech supremacy. We’ve mapped out how, if elected, each presidential candidate would change aspects of tech, from antitrust and AI to China and crypto, based on their comments and people closely following their campaigns. Read more ›
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On the eve of the election, venture capitalist and San Francisco mayoral candidate Mark Farrell has agreed to pay a record ethics fine for violating rules on campaign contribution limits. The city’s Ethics Commission on Monday said it will fine Farrell more than $108,000 after finding that a ... Read more ›
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The New York Times spent $7.6 million on its lawsuit against OpenAI and Microsoft in the nine months through Sept. 30, it disclosed on Monday, demonstrating the high cost for publishers of fighting AI firms. Most of that total—$4.6 million—was spent in the third quarter, the Times reported. The ... Read more ›
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Physical Intelligence, a startup developing software for robots, has raised $400 million in a round led by Jeff Bezos, Thrive Capital and Lux Capital, according to The New York Times. OpenAI, Redpoint Ventures and Bond also participated in the financing, which valued the startup at $2 billion. ... Read more ›
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Since generative AI exploded onto the scene two years ago with the release of ChatGPT, we’ve seen the rise and fall of various creative hacks developers have used to eke out better performance and lower costs from large language models. And over the past few months, I’ve seen a flurry of new tricks and hacks pop up in conversations with developers. In the past, the hacks have ranged from prompt... Read more ›
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Artificial intelligence is supposed to transform the business world and boost the software industry that’s selling it. But as companies spend more money on chatbots and other conversational AI (see related chart), some say they plan to reduce spending on other types of software, such as expensive enterprise applications and non-AI cloud services. That could limit the upside from AI for providers of cloud services and enterprise software. Take C1,... Read more ›
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Companies large and small are incorporating more artificial intelligence into their workflows and products. Interviews with tech executives and new data reveal that some companies are on track to spend tens of millions of dollars annually on conversational AI powered by large language models. This list is a first-of-its-kind look at how 50 companies are using the technology, whose models they are using, and how much they are spending. (See... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Why Musk wins no matter who wins the White House• Biotech: A scientist with Bezos’ and Gates’ money—and possibly a better brain chip• Health and Fitness: Startups eye a gold rush in electrolytes• Plus: The superbabies from the past look like our future; a baby oligarch runs amok; and the wine flows down Ellis Street.Round up all the usual suspects!OK, I’m being... Read more ›
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“I haven’t been hung over in seven years,” said Jahaan Ansari, the bearded, muscled co-founder of Gainful, a New York–based startup. Ansari may be in that fortunate position partly because he has yet to hit his 30s—he’s just 29—but he also credits what Gainful sells: powdered electrolytes. Electrolytes such as calcium, sodium and potassium combine with water to help the body manage the electric charges between nerves, cells and muscles.... Read more ›
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Shortly after 2 a.m. on a Saturday in a midtown Manhattan sports bar packed with Aussies, Dr. Tom Oxley was feeling stunned. The underdog Brisbane Lions, his longtime favorite Australian rules football club, was up 73 to 27 against the Sydney Swans going into the second half of the championship match. “It’s a good start,” Oxley acknowledged, clad in his typical game-day fit, a maroon, blue and yellow Lions jersey.... Read more ›
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U.S. energy regulators on Friday rejected a proposal related to Amazon Web Services’ deal to buy nuclear power for several data centers for artificial intelligence in Pennsylvania, according to a public filing. In a split vote, the Federal Energy Regulatory Commission denied a request to ... Read more ›
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Okta, an identity and access management software provider, has fixed a vulnerability that could have let anyone log in to customers’ networks without a password over the past three months, the company said in a post earlier this week. The flaw only applies to usernames with more than 52 ... Read more ›
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CoreWeave, a cloud provider that rents access to Nvidia artificial intelligence chips, has told investors its revenue will rise dramatically in the coming years, thanks in large part to a new contract with Microsoft, The Information reported on Friday. CoreWeave projected revenue would quadruple ... Read more ›
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You could be forgiven for missing, amid the onslaught of tech company earnings news lately, what may be the most startling business story of the week. That would be the plan by enterprise software and bitcoin investment firm MicroStrategy to raise a massive $42 billion over the next three years to buy more bitcoin, using equal parts debt and equity. The total raised would nearly double MicroStrategy’s size, given that... Read more ›
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UBS Asset Management said it’s launching its first investment fund, a money market fund, that trades on the Ethereum blockchain. The company is joining a growing group of asset managers including BlackRock and Franklin Templeton that offer investment funds on blockchain, with the aim of cutting ... Read more ›
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10.06.2026 13:16
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