As access to Nvidia AI chips become more elusive, major developers such OpenAI and Meta Platforms are diversifying their sources of computing power, including by striking deals to use a variety of AI server chips. But making that approach work is not a cinch. The AI labs need to tailor the code that trains and runs their models to each type of chip they use. It turns out there are... Read more ›
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Google recently observed hackers using AI models to find a previously undiscovered security flaw, the company said on Monday. The hacker planned to use the flaw for a “mass exploitation event,” but Google security researchers believe they successfully warded off the attack after noticing the ... Read more ›
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Uber promoted its Chief Marketing Officer Jill Hazelbaker to president and chief corporate affairs officer, adding human resources, real estate and safety to her remit. Hazelbaker is a veteran technology communications and public policy leader who worked at Google and Snap before joining Uber in ... Read more ›
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Chinese social media giant Kuaishou Technology is planning to spin off its Kling AI video business ahead of an initial public offering next year, in an attempt to capitalize on investors’ appetite for AI stocks, according to two people with knowledge of the plans. Kuaishou has held talks with potential investors for a pre-IPO funding round that values Kling at $20 billion, the two people said. Kling develops AI video... Read more ›
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How many AI chip designers can the public market support? We’ll get a sense of that on Thursday when Cerebras Systems, the biggest of a new generation of chip designers dedicated to AI, is expected to go public at a valuation of $35 billion. If it follows the pattern of other AI-related IPOs, such as cloud firm CoreWeave, Cerebras will be a big hit. CoreWeave went public a year ago... Read more ›
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Tech companies from Spotify to Uber to Airbnb told investors on their March-quarter earnings calls that AI was making their workers more productive, allowing them to ship more code and handle more customers with the same or fewer employees. Many companies are seeing profit margin improvement as AI is helping them do more while holding their headcount steady or in some cases allowing them to cut jobs. But some companies... Read more ›
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Welcome, Weekenders! In this newsletter:• Tech Culture: Billionaire tax brings new boom time to Tahoe haven• Plus, Recommendations—our weekly pop culture picks: “The Interview: What Does Tucker Carlson Really Believe? I Went to Maine to Find Out,” “Hated by All the Right People,” and “Widow’s Bay”A very old proverb comes to mind when I think about this exact period in AI—because, really, it’s a moment when the enemy of your... Read more ›
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Naveen Rao, a longtime California resident, ascended to a rarefied tier of wealth last year when his startup, Unconventional AI, was valued at $4.5 billion. The company is based in Palo Alto, but with the specter of a new tax on billionaires looming over the state, Rao began considering other places to live. Last month, he found one: a $20 million mansion in Incline Village, a charming mountain town on... Read more ›
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Dan Levine, a partner at Accel known for early startup investments in Scale AI and Vercel, is stepping back from the venture capital firm and will no longer make new investments for it, people familiar with the matter said. The firm disclosed the change to limited partners in recent weeks. It ... Read more ›
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Anthropic is the unnamed customer behind a $1.8 billion cloud deal that Akamai announced on Thursday, according to a person with direct knowledge of the matter. That deal sent the content delivery network provider’s stock soaring 27% on Friday. The seven-year cloud contract—which Akamai ... Read more ›
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Cursor is already starting to make its presence known at SpaceX’s AI unit, just weeks after Elon Musk’s firm got an option to buy the coding startup for $60 billion. Cursor staffers have been visiting xAI offices to meet with employees and discuss their work, according to two people with direct knowledge of the companies. Fresh xAI exits have followed, including staff cuts last Friday, the people said. Read more ›
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Salesforce’s chief communications officer Carolyn Guss is leaving the sales software giant, according to two people familiar with the matter. One of the people said Guss is joining a new company and that Salesforce will be appointing another chief communications officer soon. Among her ... Read more ›
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Apple has reached “a preliminary agreement” with Intel in recent months for manufacturing some of its chips, The Wall Street Journal reported. Earlier, this week Bloomberg reported that Apple was exploring such a partnership with Intel and Samsung. A deal with one of the companies would help ... Read more ›
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The hedge fund TCI cut almost all of its $8 billion stake in Microsoft, the Financial Times reported Friday, due to what CEO Christopher Hohn described in an investor letter as “uncertainty over Microsoft’s competitive position in the future” as AI threatens to replace existing software like ... Read more ›
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Shares of iconic glassmaker Corning Inc. have doubled so far this year to their highest price ever, thanks to surging demand for Corning’s fiber optic cables that connect servers and AI data centers to one another. A partnership Corning announced with Nvidia this week gave the stock another lift. But Corning’s current deluxe valuation, which is now based almost entirely on sky-high expectations for its optics business, might be more... Read more ›
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Liang Wenfeng, billionaire founder and CEO of DeepSeek, is planning to write the biggest check for the startup’s first-ever funding round, which the company now hopes will raise up to 50 billion yuan ($7.35 billion), according to two people with direct knowledge of the talks. That would make it the biggest funding round by a Chinese AI company ever. Meanwhile, the funding round has prompted the Chinese AI lab to... Read more ›
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Shares of HubSpot dropped more than 20% after its March quarter earnings, as some investors seemed to be unimpressed by its revenue forecast for its current quarter and full fiscal year. HubSpot’s revenue grew 23% to $881 million during the quarter compared to last year, around $20 million more ... Read more ›
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How soon is too soon to raise a new funding round?I’ve been covering venture capital long enough (more than a decade!) to remember that the hottest startups used to raise financing every 12-18 months. Then it was 9-12 months. Then 6-9 months. And now…two months? Two weeks? Recently, a wave of both early and late stage startups have been raising new rounds of capital right after closing other ones, in... Read more ›
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Elon Musk’s team called the former dean of Columbia Law School to testify Thursday in his lawsuit against OpenAI that the ChatGPT maker acted in several ways inconsistent with nonprofit customs. David Schizer, who served as dean from 2004 to 2014 and specializes in tax and nonprofit law, ... Read more ›
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If you’re getting dizzy watching CoreWeave’s balancing act, you’re not alone. The AI cloud startup reported first-quarter numbers Thursday evening showing that its business is ramping up quickly—revenue doubled in the quarter to $2 billion compared to the year-earlier period—but its investment spending and operating expenses are also taking off. It’s no wonder CoreWeave is synonymous with the high-stakes gamble that underpins so much of the AI revolution.Here’s some earnings... Read more ›
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28.07.2026 08:06
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