OpenAI has spent roughly $6.4 billion in stock to buy three startups over the last 16 months, while its smaller rival Anthropic has done barely any deals. But Anthropic, recently valued at $170 billion in a funding round, told investment bankers in recent weeks that it is getting ready to move off the sidelines and do more acquisitions, according to people who have spoken to its executives. It is considering... Read more ›
90
The Wynn in Las Vegas was buzzing last week as executives, investors and dealmakers from across the data center, cloud and finance world converged at an event to trade notes on how quickly the industry has changed. A year ago, most conversations at Infra/Structure, hosted by Structure Research, focused on how hard it was to find land and power for new data centers for artificial intelligence, and skepticism abounded over... Read more ›
0
Elon Musk’s SpaceX is “behind schedule” preparing its Starship launch vehicle for a U.S. mission to the Moon, so NASA is seeking alternative bids from other companies including Jeff Bezos’ Blue Origin, the space agency’s head said Monday. NASA acting administrator Sean Duffy made the comments in ... Read more ›
0
Peter Hoeschele, who runs OpenAI’s Stargate data center team, said at an event last week that the company’s models are essentially in constant training mode. That’s a change from the past, when OpenAI would stop training them when they reached a certain point. “Let’s stop talking about training versus inference,” Hoeschele said after Oracle co-CEO Clay Magouyrk asked him how OpenAI allocates computing resources between training the models and running... Read more ›
35
When a crypto crash ricocheted across markets earlier this month, the spotlight landed on Hyperliquid, an exchange that handles more than $13 billion in trades a day with around 11 employees based largely in Singapore. The two-year-old exchange is little known outside crypto markets but wildly popular among traders for offering anonymity, high leverage and giving away a token that has soared in value. Hyperliquid has no outside investors and... Read more ›
35
China says it recently uncovered evidence of cyber attacks by the U.S. on a Chinese government agency between 2022 and 2024. The U.S. National Security Agency exploited vulnerabilities in the text-messaging system, staged attacks and took control of mobile devices belonging to several staff ... Read more ›
0
The court overseeing Elon Musk’s breach of charitable trust lawsuit against OpenAI on Friday ordered OpenAI co-founder and former chief scientist Ilya Sutskever to provide information about his financial stake in OpenAI and a document called the “Brockman Memo,” an apparent reference to OpenAI’s ... Read more ›
0
Welcome, Weekenders! In this newsletter:• The Arena: Call it moneyball for minors—inside the booming business of youth sports apps• The Top 5: Best new places for a tech holiday party • Plus, our Recommendations: “The Big Short” with “Against the Rules: The Big Short Companion,” “Murderland,” and “John Candy: I Like Me”Two months ago, Cleo Abram, a former Vox journalist turned YouTuber, posed an intriguing question to OpenAI CEO Sam... Read more ›
12
Many in tech have seen plenty of reasons to celebrate lately—with AI valuations soaring and paydays getting bigger and bigger. And pretty soon it’ll be time to consider the all-important event for tying a ribbon around the year: the holiday party, with the most-prized venues filling up in the next few weeks. The audacious blowouts of the previous decade haven’t quite come back into style yet after dying off during... Read more ›
3
An entity being used to fund Meta Platforms’ large-scale data center in Louisiana sold more than $27 billion in debt with an interest rate about 2.25 percentage points above the U.S. Treasury yield. Meta is raising the debt, maturing in 2049, for a roughly $30 billion special-purpose vehicle the ... Read more ›
30
Was it something they said? Oracle shares fell 7% on Friday, a day after the software and cloud firm offered investors bullish growth projections for the next five years, both for revenue and for profits. In Oracle’s ideal world, those projections would have put to rest concerns about the cost of its artificial intelligence cloud expansion, which is driving the revenue growth. But as we noted on Thursday, the projections... Read more ›
1
Google formally ended on Friday its six-year old effort aimed at ending the use of cookies in its Chrome browser. In a blog post, Google said it would retire a suite of technologies called the Privacy Sandbox that were originally designed to replace cookies. Advertisers use cookies to help track ... Read more ›
1
In an abrupt reversal from the stance he communicated earlier this week, Salesforce co-founder and CEO Marc Benioff said he no longer thinks President Trump should send National Guard troops into San Francisco to help fight crime in the city. “My earlier comment came from an abundance of caution ... Read more ›
0
Proxy adviser Institutional Shareholder Services on Friday urged Tesla shareholders to reject a proposed pay package for CEO Elon Musk that could be worth up to $1 trillion. ISS, which makes recommendations to large investment funds, also urged Tesla shareholders to reject a nonbinding ... Read more ›
0
Lauren Drapp has a hectic job working as a gas scheduler for a private equity firm in Houston, triangulating natural gas between suppliers, pipelines and customers. But she’s arguably even busier as a mother of young athletes: Her two daughters, ages 12 and 13, play on club volleyball and softball teams, each traveling some eight times a year to face the best young talent in their sports across Texas and... Read more ›
0
The deals keep coming for semiconductor firms and OpenAI. In the past month, Nvidia, Advanced Micro Devices and Broadcom have each reached very different agreements to supply chips to OpenAI. The arrangements open up all three to the risk that OpenAI, which expects to burn $115 billion through 2029, can’t afford to keep its commitments. The deals pose different risks to each company’s business, but AMD faces the biggest downside... Read more ›
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Apple’s iPhone Air became available for preorders in China Friday, after a delay due to regulatory approvals. The iPhone Air’s China debut, about a month after the phone’s U.S. launch, comes just after CEO Tim Cook visited the country earlier this week. During his China trip, Cook met with ... Read more ›
0
OpenAI said Thursday it has blocked users from using its Sora AI video app from generating videos of Dr. Martin Luther King, Jr. while it “strengthens guardrails for historical figures.” In a joint statement on X with King’s estate, OpenAI acknowledged that some users had generated “ ... Read more ›
0
Oracle has struggled to generate gross profit margins higher than 25% from renting out one- to two-year old Nvidia server chips to artificial intelligence developers, The Information reported Thursday. The previously unreported data show Oracle has a wide gap to fill to reach what co-CEO Clay ... Read more ›
2
Bearish sentiment about the cost-benefit equation of artificial intelligence has become so prevalent lately that it almost feels like conventional wisdom is now skepticism. But that certainly isn’t the case at Oracle, the nearly 50-year-old enterprise software firm turned cloud provider, which declared itself today to be a “hypergrowth company,” thanks to its fast-expanding AI data center business.And that wasn’t just rhetoric: Oracle presented an updated revenue forecast at an... Read more ›
1
Brazilian fintech CloudWalk, a business payments startup, passed $1.2 billion in annualized revenue in September, about double the revenue pace from the same time last year, a person familiar with the matter said. The company, backed by DST Global and Coatue Management, recently completed a ... Read more ›
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Business Insider
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18% 1 |
MacRumors
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The Verge
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Gizmodo
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Wired
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7% 1 |
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24.10.2025 05:48
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