Rain, a stablecoin-backed card issuer that works with Visa, said it raised $58 million in Series B round led by Sapphire Ventures, just months after its last fundraising round, demonstrating once again investor enthusiasm for crypto startups flowing from congressional passage of stablecoin ... Read more ›
3
ByteDance, the Chinese owner of TikTok, is preparing to launch a new share buyback program for employees later this year that will value the company at more than $330 billion, Reuters reported. In the new program, the company plans to offer current employees $200.41 per share, 5.5% higher than ... Read more ›
0
Nvidia’s quarterly results, out Wednesday, have become the event of the earnings season. And who can be surprised? After all, here’s a company whose July revenue hit $46.7 billion, up 56% on a year earlier. Little more than two years ago, Nvidia’s quarterly revenue was around $7 billion! Of course, Wall Street traders have long ago lost their sense of wonder at Nvidia’s explosive growth. That growth is slowing down,... Read more ›
1
Snowflake shares rose more than 13% after its second-quarter earnings, as CEO Sridhar Ramaswamy said on an earnings call that customers’ increasing adoption of AI contributed to a significant uptick in revenue growth during its July quarter compared to last year. Ramaswamy didn’t say how much ... Read more ›
0
In early June, I pulled up to a giant lot in Burbank, Calif. about four miles down the road from Warner Brothers Studios, where “Friends” and “The Big Bang Theory” were filmed. I was there to tour the set and offices where YouTuber Dhar Mann runs a growing entertainment empire.Mann, who leases the 125,000 square foot production studio, part of which was once the site of a gym, is suddenly... Read more ›
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Nvidia on Wednesday posted solid revenue growth from the sale of artificial intelligence chips and networking equipment, including its flagship Blackwell chips, despite recent restrictions on its sale of its chips to China. Revenue rose 56% to $46.7 billion in the quarter that ended in July ... Read more ›
26
In May, a Nomura Securities equity analyst asked SoftBank Chief Financial Officer Yoshimitsu Goto a pointed question on an earnings call: How could he justify SoftBank’s recent $6.5 billion purchase, using borrowed money, of Ampere Computing, a failing developer of data center chips? The startup had just $16 million in revenue and had lost hundreds of millions of dollars the year before the sale. Goto didn’t answer the question directly.... Read more ›
0
A central question looms over artificial intelligence: How is the intensifying the war for talent impacting the race for artificial general intelligence (AGI)? We asked our new Deep Research tool and got the following answer: Read more ›
0
Vast Data, a data storage startup backed by Nvidia, has considered holding an initial public offering in the second half of 2026 or later, Vast Data co-founder and CEO Renen Hallak has told employees and bankers, The Information reported Wednesday. Vast Data develops software for storing data in ... Read more ›
2
Cybersecurity executives have long bemoaned how hard it is to hire staff, citing a dearth of talent with the necessary experience to fill roles that are notoriously high-pressure and can burn people out. But recently, some of those executives have found a solution: Instead of hiring new security professionals, they’re turning to AI to help them fill the open roles or cut back on existing staff. Read more ›
13
Out of all the model developers, Anthropic stands out as perhaps the one with the most ideologically devoted employee base, one that some researchers even describe as “cultish.” The reasons may include CEO Dario Amodei’s monthly ”Dario Vision Quests” where he talks to employees about the future of AI (with more than slight religious overtones) and that its executives frequently speak publicly about the dangers of superintelligent AI.One less commonly... Read more ›
0
Nvidia reshaped the cloud computing market by giving upstart cloud providers a lot of artificial intelligence chips. Now it is extending its influence into another cloud field: data storage. Nvidia has invested multiple times in Vast Data, which sells software to firms such as Elon Musk’s xAI and videoconference maker Zoom for storing data in a way that helps them develop AI applications. Jensen Huang has publicly lauded Vast’s technology,... Read more ›
0
OpenAI’s plan to allow employees and former staff to sell $6 billion in private stock to investors was already slated to become one of the biggest such employee tenders in Silicon Valley history. Now, that sale could be even bigger. The ChatGPT maker will allow current and former employees to sell up to $8 billion at a valuation of $500 billion, according to two people with knowledge of the proposed... Read more ›
0
SpaceX’s tenth launch of its gargantuan Starship rocket went off without an apparent hitch on Tuesday. After launching from a SpaceX base in south Texas, the 400-foot tall rocket hurtled into space and successfully deployed a collection of dummy satellites modeled on those that support SpaceX’s ... Read more ›
0
Apple shareholders should be glad Eddy Cue isn’t running the iPhone maker. As a story we published today revealed, Cue has been an advocate for Apple making big acquisitions—including of Netflix and Tesla in the past—that CEO Tim Cook rebuffed. More recently, Cue has suggested that Apple should do bolder deals in artificial intelligence. The company’s executives have talked about an acquisition of AI search engine Perplexity or French model... Read more ›
0
You’ll sometimes find signs of the times buried in companies’ bland corporate charters. The latest example: A growing number of startups that raised venture capital this year have issued a type of stock designed to make it easier for founders to sell some of their stakes.Nearly 11% of companies that raised money in the first half of the year issued founder preferred stock—nearly double the percentage from two years ago,... Read more ›
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The authors suing Anthropic for copyright violations reached a settlement with the AI company, according to a legal filing in the lawsuit Tuesday. The agreement would allow Anthropic to avoid a trial that could have exposed the company to “potentially billions of dollars in liability,” according ... Read more ›
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Apple executive Eddy Cue has been the primary champion of the company doing big acquisitions and other deals, including in artificial intelligence, The Information reported. Among the deals Apple executives have discussed is a possible acquisition of Mistral AI, a Paris-based rival to OpenAI, ... Read more ›
0
Sports merchandising company Fanatics is launching an ads business, the company said today. Fanatics has tapped Jeremi Gorman, a longtime advertising executive who has held leadership roles at Netflix, Snap and Amazon to run the effort as chief revenue officer. Fanatics is most known as a seller ... Read more ›
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Trump Media & Technology Group, which runs the Truth Social app, said Tuesday it is teaming up with Crypto.com to launch a publicly-listed company that will buy and hold $6.4 billion of CRO tokens, the cryptocurrency issued by Crypto.com. That would make the firm the latest ‘crypto treasury’ ... Read more ›
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Most popular sources
Business Insider
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24% 4 |
Engadget
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10% 9 |
Tom's Hardware
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9% 8 |
Wired
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8% 5 |
MacRumors
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6% 3 |
| View sources » | |
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31.10.2025 01:32
Last update: 01:25 EDT.
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