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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This week on More or Less: Earnings from Meta, Alphabet and Microsoft explained. Plus, Bezos's big bind at the Washington Post. Enjoy! Apple Spotify YouTube Read more ›
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Salesforce CEO Marc Benioff is in talks to sell Time to Antenna Group, a Greek media company, for roughly $150 million, CNBC reported Friday. Benioff and his wife, Lynne, bought the magazine from Meredith Corp. in 2018 for $190 million. Benioff didn’t respond to a request for comment. The talks ... Read more ›
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CoreWeave, a fast-growing cloud startup that operates data centers for artificial intelligence developers, pitches itself to investors as a nimble rival to behemoths like Microsoft, Amazon and Alphabet. And yet the speed of CoreWeave’s rise has only been possible thanks to its relationship with one of the giants it says it’s trying to slay. Microsoft plans to spend about $10 billion between 2023 and the end of the decade using... Read more ›
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In the final days of the U.S. presidential election, The Information Opinion has been soliciting pieces from supporters of former President Donald Trump and Vice President Kamala Harris. The first is below. Please email opinion@theinformation.com with any submissions. Many of you are throwing your support behind former President Donald Trump or choosing to simply sit out the election. I get it—innovation’s our thing, and the government is slower than a... Read more ›
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MGX, a new artificial intelligence-focused investment firm backed by United Arab Emirates capital, has had talks to invest in Elon Musk’s xAI, representatives of the two firms have said privately. XAI, maker of the chatbot Grok, has been discussing raising $5 billion at a valuation of about $45 ... Read more ›
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For weeks, Elon Musk has warned voters, as he campaigns for Donald Trump, about the dire consequences of a Kamala Harris administration—for America, civilization and him personally. “If he loses, I’m fucked,” Musk joked in an interview last month with Tucker Carlson, the former Fox News host. “How long do you think my prison sentence is going to be?” Likewise, Musk has said SpaceX—the rocket company he founded and leads—could... Read more ›
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Chinese research institutions with ties to the People’s Liberation Army used Meta’s open-source Llama artificial intelligence model to develop an AI tool with potential military applications, Reuters reported. In an academic paper published in June, Chinese researchers including ... Read more ›
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Nothing particularly frightening emerged from the two big tech goliaths that reported September quarterly results tonight, Apple and Amazon. But they offered nothing particularly cheery, either.For both companies, the updates had a mix of good and bad news. Apple, for instance, reported 6% top-line growth for the September quarter, its best quarterly growth number in two years. That was thanks to 5.5% growth in iPhones, twice the improvement of the... Read more ›
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After competing on “MasterChef” in 2019, Nick DiGiovanni started posting videos on YouTube, including an elaborate dessert he planned if he’d made it to the finale, and on TikTok where he started going viral for making mini gourmet meals for his pet hamster, Pesto.  Now 28, he turned that TV appearance and initial momentum on social media into a full-time career as a creator. While he makes most of his... Read more ›
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Amazon expects to boost capital expenditures in 2025, exceeding this year’s spending of roughly $75 billion, driven primarily by new infrastructure to support the company’s artificial intelligence and cloud business, executives said Thursday. The company reported a record $22.6 billion in ... Read more ›
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The Securities and Exchange Commission hit JPMorgan with a $151 million civil penalty for five separate actions related to failures in the bank’s securities and investment management subsidiaries. The SEC on Thursday said investors in some of JPMorgan’s private funds products were exposed to ... Read more ›
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Tether, the world’s largest stablecoin issuer, reported third-quarter net profit of $2.5 billion, up 92% from the prior quarter. Tether, which currently has market circulation of $120 billion, primarily makes revenues from interest generated by reserve assets backing the stablecoin. Its ... Read more ›
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Apple lifted revenue 6% to $94.9 billion in the September quarter, its strongest growth in two years. Operating profit rose 10% to $29.6 billion, while after-tax profit dipped sharply reflecting a big tax penalty levied against Apple in Europe. Apple stock fell slightly in after-hours ... Read more ›
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Intel posted a third-quarter loss of $16.6 billion stemming largely from its ongoing restructuring efforts. The results included roughly $10 billion in charges related to a deferred tax asset and markdowns of manufacturing assets and its 2017 acquisition of autonomous vehicle technology ... Read more ›
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Amazon Web Services revenue grew 19% to $27.5 billion in the third quarter, the same rate as the previous quarter, Amazon said Thursday. Meanwhile, the cloud computing unit’s operating margins ticked up to 38.1% from 35.5% over the same period of time. Amazon shares rose 5% in after-hours ... Read more ›
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Few are as skilled, and quick, as Elon Musk at raising capital—billions of dollars, no less. But if there’s one constant in Musk’s fundraising strategy, it’s that he often changes the details of a round at the last minute. Take the latest process to raise money for his 18-month-old artificial intelligence startup, xAI. Representatives of the startup, including Musk’s right-hand man, Jared Birchall, have been talking to investors about another... Read more ›
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Investors in autonomous vehicle-maker Waymo’s latest funding round, which was announced last week, valued its business at $45 billion, according to a Thursday report by Bloomberg. That’s a surprisingly low number, given that Alphabet and other investors have committed at least $13 billion to ... Read more ›
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OpenAI said Thursday it added more web search capabilities to ChatGPT, putting it in greater competition with Google as consumers increasingly use chatbots as a partial replacement for traditional searches. ChatGPT’s conversational answers will now include more links to relevant websites that ... Read more ›
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Microsoft said Thursday it hired Jay Parikh, a former Facebook engineering leader who was recently CEO of the cybersecurity startup Lacework, to report to CEO Satya Nadella in an unspecified role. Microsoft “will share more on his role and focus in the next few months,” Nadella said in a blog ... Read more ›
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10.06.2026 14:52
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