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 startup’s $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 ›
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It’s 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 ›
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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, “Leading the Future,” include venture capital firm Andreessen Horowitz, OpenAI ... Read more ›
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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 ›
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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 Information’s... Read more ›
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Temu’s parent company PDD Holdings reported on Monday that its revenue growth slowed again in the second quarter, with executives citing “intense competition” 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 ›
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Humain, the company overseeing Saudi Arabia’s 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 Arabia’s Public Investment Fund and is ... Read more ›
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Elon Musk’s 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 OpenAI’s ChatGPT at the expense of competing chatbots like xAI’s Grok, including through ... Read more ›
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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 ›
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Elon Musk’s 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 ›
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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 ›
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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 ›
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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 ›
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Welcome, Weekenders! In this newsletter:I’m delighted to introduce Weekend’s 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 World’s 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 ›
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Last fall, Howie Liu, CEO and co-founder of Airtable, arrived at a board meeting with an urgent realization: If Airtable, a maker of collaboration software, wanted to stay relevant, it needed to significantly rethink itself. “We started to feel like the incumbent instead of the disruptor and risked becoming one of the dinosaurs,” Liu said. The board agreed, and Liu sprinted to put a plan into place. In June, Airtable... Read more ›
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President Donald Trump and Intel said Friday that the U.S. would take a 10% in the company at a slight discount to its recent share price, becoming the struggling chipmaker’s largest shareholder. The U.S. is making the $9 billion investment by converting funds that Intel would have received from ... Read more ›
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There were no August vacations for bankers who do data center financing deals.At the start of the month, Meta reached a deal to borrow $26 billion and get $3 billion in equity tied to its data center build-out, according to Bloomberg. This week, JPMorgan Chase and Japanese lender Mitsubishi UFJ Financial Group agreed to underwrite $22 billion in debt to Vantage Data Centers. Other nonvacationing bankers worked on xAI’s $10... Read more ›
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Meta Platforms and Midjourney, a startup that develops artificial intelligence models for generating images and videos, on Friday announced a partnership. As part of the arrangement, Meta will license Midjourney’s technology for its future models and products, Meta Chief AI Officer Alexandr Wang ... Read more ›
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Snap, the parent of social media app Snapchat, is discussing raising money from outside investors for its augmented reality glasses, known as Spectacles, The Information reported Friday. It hasn’t started the formal fundraising process yet but Snap may tap sovereign wealth funds with which it ... Read more ›
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Apple is in discussions with Google about using its Gemini artificial intelligence model to power an improved version of Siri. Google has begun training an AI model that could run on Apple’s servers, Bloomberg reported. The Information previously reported that Apple was evaluating outside models ... Read more ›
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OnlyFans’ revenue is still growing, but not at the same rapid pace as recent years. Revenue rose 9% to $1.4 billion for the year ending in November 2024 compared to the prior year, according to a U.K. filing from the adult content site’s parent company, Fenix International on Friday. Last year, ... Read more ›
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Most popular sources
Business Insider
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35% 20 |
Gizmodo
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8% 4 |
The Verge
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7% 11 |
Tom's Hardware
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6% 11 |
Ars Technica
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5% 0 |
| View sources » | |
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30.10.2025 14:52
Last update: 14:41 EDT.
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