Adobe in recent months held talks with Synthesia, a London-based maker of artificial intelligence software that generates video avatars of people, to buy the startup for about $3 billion, a premium from the startupâs $2.1 billion valuation in a January financing, according to a person with knowledge of the discussions. Synthesia and Adobe walked away without reaching a deal after disagreeing about the price, this person and two others said.... Read more âș
64
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, theyâre turning to AI to help them fill the open roles or cut back on existing staff. Read more âș
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 âcultish.â The reasons may include CEO Dario Amodeiâs monthly âDario Vision Questsâ 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 âș
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 Muskâs xAI and videoconference maker Zoom for storing data in a way that helps them develop AI applications. Jensen Huang has publicly lauded Vastâs technology,... Read more âș
0
OpenAIâs 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 âș
0
SpaceXâs 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 SpaceXâs ... Read more âș
0
Apple shareholders should be glad Eddy Cue isnât running the iPhone maker. As a story we published today revealed, Cue has been an advocate for Apple making big acquisitionsâincluding of Netflix and Tesla in the pastâthat CEO Tim Cook rebuffed. More recently, Cue has suggested that Apple should do bolder deals in artificial intelligence. The companyâs executives have talked about an acquisition of AI search engine Perplexity or French model... Read more âș
0
Youâll sometimes find signs of the times buried in companiesâ 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 stockânearly double the percentage from two years ago,... Read more âș
0
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 âpotentially billions of dollars in liability,â according ... Read more âș
0
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 âș
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 âș
0
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 âcrypto treasuryâ ... Read more âș
0
President Donald Trump on Tuesday said Meta Platformsâs massive data center in Richland Parish, Louisiana will cost $50 billion. âWhen they said $50 billion for a plant, I said, âWhat the hell kind of plant is that?,ââ he said. âBut when you look at this you understand,â he said , holding ... Read more âș
0
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 Googleâs YouTube. At the same time, CEO Evan Spiegel remains laser focused on his long-time, big bet: the companyâs 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 âș
11
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 âș
0
Itâs 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, âonly 5% of custom enterprise AI tools reach production.â Letâs set aside the studyâs limitations, including how it doesnât identify any of the 52 firms it surveyed or even what kind of... Read more âș
0
This summer, investment bankers came knocking on Appleâs door with a pitch: Was the iPhone maker interested in doing a major acquisition or some other kind of deal in artificial intelligence? So far, the only answer it has given them is: not so much. In the current AI frenzy, nearly all of Appleâs peers in big tech have thrown open their wallets to spend billions of dollars on AI deals,... Read more âș
0
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. Mehtaâs decision could have ripple effects across the search market, which includes older rivals like Microsoftâs 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 âș
0
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 havenât... Read more âș
0
Itâs 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 âș
0
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, âLeading the Future,â include venture capital firm Andreessen Horowitz, OpenAI ... Read more âș
0
Most popular sources
Business Insider
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29% 13 |
Tom's Hardware
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15% 9 |
The Verge
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6% 12 |
Gizmodo
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6% 2 |
Android Authority
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5% 1 |
| View sources » | |
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30.10.2025 11:50
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