President Donald Trump on Tuesday said Meta PlatformsāsĀ massive data center in Richland Parish, Louisiana will cost $50 billion. āWhen they said $50 billion for a plant, I said, āWhat the hell kind of plant is that?,āā he said. āBut when you look at this you understand,ā he said , holding ... Read more āŗ
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Where does Snap go from here? The nearly fourteen-year-old company is struggling to grow its ad business, particularly compared to larger Meta Platforms and Googleās YouTube. At the same time, CEO Evan Spiegel remains laser focused on his long-time, big bet: the companyās augmented reality glasses, Spectacles. To keep funding the AR project, Snapchat parent has begun to discuss ways to raise outside money and even has considered spinning it... Read more āŗ
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Apple announced it will hold an event on September 9th, where it will likely announce its iPhone 17 lineup. The most notable of the new devices is expected to be a slimmed down version of the iPhone. Apple will also likely reveal the standard base and Pro models. Apple regularly announces its ... Read more āŗ
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Itās been hard to avoid a study last week from the Massachusetts Institute of Technology, which concluded that 95% of corporate trials of artificial intelligence failed to boost the bottom line for the surveyed companies. In other words, āonly 5% of custom enterprise AI tools reach production.āĀ Letās set aside the studyās limitations, including how it doesnāt identify any of the 52 firms it surveyed or even what kind of... Read more āŗ
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This summer, investment bankers came knocking on Appleās door with a pitch: Was the iPhone maker interested in doing a major acquisition or some other kind of deal in artificial intelligence?Ā So far, the only answer it has given them is: not so much. In the current AI frenzy, nearly all of Appleās peers in big tech have thrown open their wallets to spend billions of dollars on AI deals,... Read more āŗ
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Federal judge Amit Mehta is expected to shortly issue a ruling on what changes Google needs to make to its search business to fix its monopoly of the search ad market. Mehtaās decision could have ripple effects across the search market, which includes older rivals like Microsoftās Bing and Brave as well as newcomers like OpenAI and Perplexity.Surprisingly, though, some Google competitors are arguing that forcing Google to share its... Read more āŗ
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When venture capital giant Sequoia decided to carve off Sequoia China two years ago in response to growing tensions between the U.S. and China, the newly independent China firm was expected to continue pouring its huge funds into Chinese startups. Renamed HongShan (Mandarin for Sequoia), the firm had only a year earlier raised what was then a record $8.8 billion to fund new tech investments. Three years later, things havenāt... Read more āŗ
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Itās not obvious that filing lawsuits against your competitors is the way to succeed in artificial intelligence, if only because a lawsuit can take years to resolve and AI is evolving extremely rapidly. Nonetheless, litigation is the approach Elon Musk is taking to try to protect his startup, xAI, from bigger rivals. You might wonder if this is the same Elon Musk who reinvented the space industry and made electric... Read more āŗ
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A group of Silicon Valley companies and executives have put more than $100 million into launching a network of political action committees aimed at shaping artificial intelligence policy. Backers of the effort,Ā āLeading the Future,ā include venture capital firm Andreessen Horowitz, OpenAI ... Read more āŗ
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Crypto fund manager Pantera is seeking to raise as much as $1.25 billion to convert a public company into a solana investment firm, as a flood of companies race to cash in on the latest hot crypto sector. Pantera, founded by Dan Morehead, a former trader at Goldman Sachs and Tiger Global Management, is one of the largest and oldest crypto asset managers. It manages about $5 billion in assets... Read more āŗ
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We are delighted to announce new roles for our reporters covering two of the most important beats in business: OpenAI and AI dealmaking. Sri Muppidi, who joined us late last year to cover venture capital and startups, will continue and expand on her strong coverage of the business of the biggest AI startups to become a beat reporter on OpenAI and Anthropic. This year, Sri has regularly taken The Informationās... Read more āŗ
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Temuās parent company PDD Holdings reported on Monday that its revenue growth slowed again in the second quarter, with executives citing āintense competitionā as a reason for the slowdown. The period also coincided with the elimination of an import duty loophole that had allowed Temu to flourish ... Read more āŗ
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Humain, the company overseeing Saudi Arabiaās artificial-intelligence push, released an Arabic-language chatbot it plans to make available globally. The Humain Chat app is the first major software product from Humain, which has the backing of Saudi Arabiaās Public Investment Fund and is ... Read more āŗ
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Elon Muskās xAI sued Apple and OpenAI on Monday, accusing the companies of colluding to squash competition in artificial intelligence. The suit accuses the companies of working together to steer users toward OpenAIās ChatGPT at the expense of competing chatbots like xAIās Grok, including through ... Read more āŗ
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Marketing software firm Klaviyo told employees it would restructure its R&D organization, according to an internal memo reviewed by The Information. As part of the shakeup, Klaviyo is laying off less than 100 staffers, according to a person with direct knowledge of the changes. Klaviyo will ... Read more āŗ
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Elon Muskās xAI changed its corporate structure to end its status as a Nevada public benefit corporation, which would have required the company to disclose information about its environmental and social impact, CNBC reported on Monday. xAI appears to have made the change sometime between its ... Read more āŗ
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When Nvidia CEO Jensen Huang in March said his company would release hardware that lets an AI data center chip send information directly over optical cables instead of needing to convert to optical from electrical signals, it was a shot in the arm for optics developers that have long wanted a bigger role in data centers.Using light to send information over fiber optic cables is well-established, but attempts to use... Read more āŗ
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In 2022, Faire became one of the most highly priced e-commerce startups, with a valuation of $12.6 billion, as the online marketplace benefited from a surge in internet sales during the pandemic. But after e-commerce growth cooled with waning Covid-19 restrictions, the company in late 2023 slashed its internal valuation to $5 billion, according to two people with direct knowledge of the changes. Now, as online shopping growth has picked... Read more āŗ
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The European Union is speeding up plans for a digital euro, ramping up the push following the passage of stablecoin legislation in the U.S., the Financial Times reported. Stablecoins are cryptocurrencies that are pegged to a traditional currency, in most cases the U.S. dollar, and backed by ... Read more āŗ
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Welcome, Weekenders! In this newsletter:Iām delighted to introduce Weekendās latest addition: Jemima McEvoy, who joins as a reporter.Jemima comes from Forbes, where she was a staff writer and a distinguished member of the Wealth Team, the group of reporters who assemble the Forbes 400 and Worldās Billionaires lists and chronicle these moguls throughout the year. Estimating their fortunes requires real reportorial verve, which will serve Jemima in good stead with... Read more āŗ
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Most popular sources
Business Insider
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19% 2 |
The Verge
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18% 14 |
Tom's Hardware
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18% 5 |
Gizmodo
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5% 1 |
Android Authority
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5% 1 |
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29.10.2025 18:20
Last update: 18:15 EDT.
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