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
When Nvidia wanted to show off software for developing artificial intelligence at its flagship customer conference in March, it brought out a Star Warsâinspired robot that bobbed its head as Nvidia CEO Jensen Huang talked to it. âStand right here,â said Huang, pointing to his side, and the knee-high robot waddled to the spot, receiving cheers and applause from the audience. What Huang didnât say was that âa puppeteer behind... Read more âș
10
Google is increasing its stake in TeraWulf, a bitcoin miner that is pivoting to artificial intelligence data centers. Google had already agreed to help finance a TeraWulf data center in New York as a âbackstop.â TeraWulf said Monday that cloud computing startup Fluidstack agreed to run the ... Read more âș
0
The Trump administration is considering taking a roughly 10% stake in Intel, a move that could make the US government the troubled chipmakerâs largest shareholder, Bloomberg reported Monday. A 10% stake would be worth about $10.5 billion at Intelâs current market value. The potential deal could ... Read more âș
0
BNY and Goldman Sachs are aiming to manage reserve assets for stablecoin issuers, the latest move by banks to serve the sector following the passage last month of U.S. stablecoin legislation. BNY filed on Monday seeking SEC approval to launch a fund, called âBNY Dreyfus Stablecoin Reserve Funds, ... Read more âș
0
The MSNBC cable news channel will change its name to MS NOW later this year, following Comcastâs planned spinoff of most of its cable TV networks into a new company called Versant. MS NOW is an acronym for âMy Source News Opinion World,â the company said in its announcement. MSNBC was formed in ... Read more âș
0
Software-focused buyout firm Thoma Bravo is in talks to buy HR software provider Dayforce, Bloomberg reported Sunday. Shares of Dayforce jumped 26% on the news. Dayforce stock has tumbled for more than 25% over the past 6 months and had a market value of about $8.4 billion before Bloomberg ... Read more âș
0
Chinese developers of artificial intelligence software have already pulled ahead in domains like open-source and video generation. Now, one such developer is trying their hand at making AI models that can generate realistic worlds that users can explore, like immersive video games.ByteDance, TikTokâs parent company, is developing such an AI, according to four people with knowledge of the matter. The Chinese tech giant is following the footsteps of Google and... Read more âș
3
For nearly 25 years, Tracey Shelley, an online merchant who sells products like Olay moisturizer, Coppertone sunscreen and Dr. Squatch deodorant, operated mainly on Amazonâs marketplace. But in the past few years, Shelley said she shifted nearly half her business to Walmart, as the retailer lobbied online sellers to sell on its site. In its effort to compete with Amazon, Walmart pitched lower fees and more straightforward policies, she said.... Read more âș
3
The very final part of Americaâs trade deal with the European Union has been delayed by the EUâs desire to continue forcing tech companies to more actively police their sites. The US and the EU had already been expected to release a statement with the terms they reached last month, but ... Read more âș
0
Until last year, things looked pretty good for Northvolt, a Sweden-based battery startup that Europeans saw as their answer to Tesla. The company had vacuumed up $13 billion in capital from largely blue-chip investors and taken $55 billion in battery orders from major carmakers like BMW, Volkswagen and Volvo. Northvolt executives spoke of going public at a valuation of $20 billion. The collapse of the 5,000-person company came quickly, amounting... Read more âș
4
Welcome, Weekenders! In this newsletter:âą The Big Read: Foreign researchers weigh AI riches against immigration worries ⹠The Arena: Why David Ellison will want more streaming punch for Paramountâą Plus, our Recommendations: âBuzz: The Man & The Moon,â âAn Oral History of Atlantisâ and âThe Gilded Age.â Soon, the greatest challenge in artificial intelligence may not involve making an AI smarter. Rather, itâll be the difficult choice of choosing a... Read more âș
0
It didnât take long for David Ellison, the fresh-faced millennial owner and CEO of Paramount Skydance, to make a statement. Just five days after the merger between Paramount and Skydance closed, the scion of Oracleâs Larry Ellison reached into his deep pockets to acquire seven years of broadcast rights to UFC mixed-martial arts matches for $7.7 billion. With a single pen stroke, the sports rights deal accomplished two significant feats... Read more âș
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Activist investor Starboard Value increased its stake in Salesforce by almost 50% during the second quarter of the year, according to a filing. Itâs a sign that Salesforce could face renewed pressure to make changes to its business, three years after Starboard and other activist investors ... Read more âș
0
Current and former OpenAI employees plan to sell around $6 billion worth of shares at a $500 billion valuation, Bloomberg reported. Thrive Capital, SoftBank Group Corp, and Dragoneer Investment Group are among the investment firms expected to buy the shares. The secondary sale, which is ... Read more âș
1
Vercel, a nine-year-old San Francisco cloud startup, has received unsolicited offers from investors to put hundreds of millions of dollars into the company at a valuation between $8 billion and $9 billion, according to a person with direct knowledge. The new funding would nearly triple Vercelâs ... Read more âș
0
Carrie Wheeler isnât one of techâs big names, but she may go down in history as the latest victim of an online mob. The CEO of home-buying firm Opendoor stepped down Friday after weeks of relentless attacks on her on X, including from investor Eric Jackson and venture capitalist Keith Rabois, a co-founder and onetime executive chair of Opendoor. Whoever succeeds Wheeler had better wear a bulletproof vest.Opendoor occupied a... Read more âș
1
Meta Platforms is planning the fourth restructuring of its artificial intelligence efforts in six months, according to three people familiar with the matter. Metaâs new AI organization, Meta Superintelligence Labs, is expected to be divided into four groups: a new lab that has been going by TBD Lab, short for to be determined; a team focused on products that include the Meta AI assistant; a team focused on infrastructure; and... Read more âș
2
Lyft, the no.2 ridehailing firm, on Friday dissolved its dual-class shareholding structure, eliminating a class of stock that had 20 votes each, so that all shareholders will now have one vote per share. Lyftâs move, disclosed in a securities filing, came the day after Lyftâs two cofounders and ... Read more âș
1
The CEO of home-buying service Opendoor Technologies, Carrie Wheeler, said she was stepping down effective immediately. The company said Shrisha Radhakrishna, who is Chief Technology & Product Officer, would succeed Wheeler on an interim basis while the board looks for a new CEO. Wheelerâs ... Read more âș
0
Japanese mobile payment app PayPay has confidentially filed for a U.S. listing, a move that could help fund owner Softbankâs AI ambition, the company announced Friday. Founded in 2018, PayPay is the largest mobile payment app in Japan with more than 70 million users. It also issues credit cards ... Read more âș
0
Most popular sources
Business Insider
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25% 4 |
Engadget
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10% 9 |
Tom's Hardware
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9% 7 |
Wired
|
8% 5 |
MacRumors
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6% 3 |
| View sources » | |
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31.10.2025 01:10
Last update: 01:05 EDT.
News rating updated: 07:00.
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