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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
A Florida father is suing Google after his son died by suicide after Google’s Gemini chatbot allegedly encouraged him to do so, according to a complaint filed on Wednesday in federal court in California. The complaint alleged that Gemini encouraged Jonathan Gavelas, 36, to stage a “catastrophic ... Read more ›
0
OpenAI has held early talks to partner with The Trade Desk, a publicly traded ad tech company, to help the ChatGPT maker sell ads, according to three people with knowledge of the matter. The talks indicate that OpenAI, which launched ads in ChatGPT in early February, will initially lean on external partners to help it sell ads and quickly ramp up its business. For instance, The Trade Desk offers an... Read more ›
0
Anthropic CEO Dario Amodei sent a 1,600-word memo to employees Friday as OpenAI announced a deal to provide AI to the Pentagon. The OpenAI move came hours after the Pentagon said it would sever ties with Anthropic over the company’s safety requirements. In the strongly worded memo, Amodei heavily criticized OpenAI’s actions and the initial deal it announced with the Pentagon. Below is Amodei’s memo, which has been edited to... Read more ›
0
Embo, an AI startup co-founded by former Google DeepMind research scientists, is in talks to raise a seed round of more than $100 million led by Andreessen Horowitz, according to a person with direct knowledge of the matter. The startup’s founders, Danijar Hafner and Wilson Yan, are developing ... Read more ›
0
Anthropic CEO Dario Amodei on Friday told employees that a deal OpenAI and its CEO Sam Altman struck to provide AI to the Department of Defense was “safety theater,” adding that the Trump Administration didn’t like Anthropic in part because the company hadn’t “given dictator-style praise to Trump.” Amodei made the comments in a 1,600-word message to more than 2,000 employees the same day the Pentagon said it planned to... Read more ›
0
Deutsche Telekom, which announced a deal this week to bring SpaceX’s Starlink Mobile to Europe, is also open to working with other direct-to-cell service providers if they can offer competitive service, the company’s CEO told The Information this week. However, Deutsche Telekom CEO Timotheus ... Read more ›
0
Apple announced a low-priced laptop on Wednesday, the MacBook Neo, which starts at $599. Instead of using Apple’s M-series Mac chips, the Neo is powered by the company’s slightly older A18 Pro chip found in the iPhone 16 Pro, released in 2024. This is the first time Apple has released a laptop ... Read more ›
0
Most popular sources
ScienceDaily
|
0% |
The Fintech Times
|
0% |
Ubergizmo
|
0% |
StartUp Beat
|
0% |
AlleyWatch
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
01.05.2026 04:58
Last update: 04:45 EDT.
News rating updated: 11:52.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.