Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khamenei’s death, Kalshi said it couldn’t pay out any ... Read more ›
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The Chinese government this week asked some tech companies to temporarily halt plans to buy Nvidia’s H200 AI chips, according to two people involved in the communication, throwing up a possible roadblock in Nvidia’s hopes of restarting chip sales to one of its biggest markets. The instruction came roughly a month after President Donald Trump said he would allow Nvidia to sell H200s to China, marking the biggest rollback of... Read more ›
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Five years after the Chinese government quashed Ant Group’s plans for what would have been the world’s largest initial public offering, the Chinese fintech giant has built a fast-growing international business. That offshoot runs a global payment network for digital wallets that could one day be a formidable alternative to Visa or Mastercard. Ant International increased revenue between 20% and 25% in 2025 to an estimated $3.7 billion, according to... Read more ›
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Samsung Electronics expects memory chip supply shortages to drive up prices across the electronics industry, including potentially for its own consumer products, according to the company’s head of global marketing, Wonjin Lee. Lee said in an interview with Bloomberg that memory prices are rising ... Read more ›
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Nvidia CEO Jensen Huang said on Tuesday that Chinese demand for the company’s H200 AI chips is “quite high” and that purchase orders from local tech firms will be the clearest signal of Beijing’s approval, The Wall Street Journal reported. At the Consumer Electronics Show, Huang told reporters ... Read more ›
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The Chinese government is reviewing Meta Platforms’ $2 billion acquisition of AI startup Manus for potential violations of technology export control, the Financial Times reported on Wednesday, citing two people familiar with the matter. China’s Ministry of Commerce has begun assessing whether ... Read more ›
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OpenAI co-founder and former chief scientist Ilya Sutskever had $4 billion worth of vested equity in OpenAI in November 2023, according to text messages from chief operating officer Brad Lightcap that were made public Tuesday as part of Elon Musk’s lawsuit against OpenAI. Lightcap disclosed ... Read more ›
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Elon Musk in 2016 told fellow OpenAI founder Sam Altman that the AI lab, then one year old, should pursue a cloud computing deal with Microsoft rather than Amazon, according to emails released Tuesday as evidence in Elon Musk’s federal lawsuit against OpenAI. Musk explained that he preferred ... Read more ›
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Trade in stocks exposed to the AI boom is getting even more volatile. Shares of Sandisk rocketed 27% on Tuesday for no obvious reason other than a report by Morgan Stanley about bigger-than-expected price increases coming for NAND flash memory, which Sandisk makes, among others. Demand for NAND flash has taken off in recent months, thanks to its value in AI data centers. As we noted on New Year’s Eve,... Read more ›
1
Happy 2026 and welcome back to Dealmaker! Private equity has long loved software companies, which generate gobs of steady cash flow from long-term customers. But that love affair has broken down because the firms eventually need to sell the companies they own, and right now almost no one wants to pay up for a traditional software maker. (Thoma Bravo–backed SailPoint was the only private equity–backed tech initial public offering in... Read more ›
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MSCI, a major index provider, said Tuesday that it decided to keep publicly-traded stocks whose primary activities are buying crypto in its global indexes “at this time.” The decision removes for now a potential threat to battered companies like Strategy. The decision was highly watched because ... Read more ›
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Katherin Lowry, who joined Insight Partners as a vice president in 2022, has filed a lawsuit in a California state court accusing her former employer of wrongful termination and gender discrimination. Lowry says her compensation was cut after taking medical leave from $750,000 to $500,000 in ... Read more ›
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XAI, Elon Musk’s AI lab, said Tuesday it had raised $20 billion from investors including Valor Equity Partners, Stepstone Group, and Fidelity, as well as Nvidia and Cisco. That’s more money than the initial $15 billion the company had targeted, at a $230 billion valuation. At that level, the ... Read more ›
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Hark, the AI lab that Figure AI CEO Brett Adcock recently founded, has hired over 30 engineers, including Head of Design Abidur Chowdhury, who previously designed phones and laptops for Apple, according to a copy of a memo Adcock sent to senior Figure employees and investors on Tuesday seen by ... Read more ›
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AI companies envision a future in which AI agents, rather than humans, become the primary users of websites such as commerce apps. The idea is that people may be more inclined to ask chatbots like ChatGPT or Gemini to buy a new pack of paper towels or book a hotel for them than to go to individual websites.While some website owners such as Amazon have resisted shopping-related agents, which could... Read more ›
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Amazon has sparked blowback from some small retailers over a feature that displays items not sold on its site in Amazon search results, with some business owners objecting to Amazon not seeking permission before listing their products. Amazon launched the feature, called “Shop Other Stores ... Read more ›
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Nvidia CEO Jensen Huang took the stage at CES on Monday to deliver a volley of announcements—Nvidia published 10 press releases during his keynote! Many of those announcements focused on Nvidia’s work on physical AI, such as autonomous robots and cars, so it was fitting that a pair of Huang’s favorite remote controlled Disney droids accompanied him onstage.The biggest physical AI announcement was Nvidia’s release of Alpamayo 1, an AI... Read more ›
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LMArena, a startup that operates a widely cited ranking of AI models based on their performance, has raised $150 million at a valuation of $1.7 billion, including the new money, according to the company. That’s nearly triple the valuation of its seed funding round, announced in May 2025. The funding round, co-led by existing investors Felicis and the University of California’s investment arm, will help the company pay for computing... Read more ›
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After nearly three years of building its own version of cutting-edge large language models, Amazon has come up with models that offer a reliable, cheap alternative to the flashiest ones made by rivals but don’t fully replace them. That’s true even in Amazon’s own products: Amazon’s Rufus shopping assistant uses a mix of its in-house Nova models and those developed by Anthropic. Kiro, a vibe-coding agent Amazon released in the... Read more ›
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Can anyone catch up with Google in the AI race? That question came to mind on Monday, after Reuters quoted Samsung’s co-CEO talking about his plans to double the number of mobile devices running Galaxy AI, Samsung’s branded AI features backed by Google’s Gemini AI technology, to 800 million this year. (That’s separate to Samsung phones that have the Gemini consumer chatbot preinstalled.) And the two companies are not just... Read more ›
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Nvidia CEO Jensen Huang on Monday announced a new autonomous driving model that aims to help cars reach Level 4 autonomous driving, in which a driver isn’t required to supervise the vehicle. Separately, Huang also announced more detailed specifications for the company’s upcoming next-generation ... Read more ›
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15.03.2026 00:30
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