Fidji Simo, the former Instacart CEO and former OpenAI board member, will take up her previously announced post as CEO of OpenAIâs Applications on Aug. 18, she said in a post on X on Monday. In an accompanying blog post, Simo shared her thoughts on the promise of AI, including its potential to ... Read more âș
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CoreWeave said Monday it would raise $1.5 billion in debt, two months after it raised $2 billion to help refinance existing debt. The artificial-intelligence chip rental company has soared more than 200% in trading since its March initial public offering, when it came to the stock market ... Read more âș
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Blackstone withdrew from a consortium of investors looking to invest in TikTokâs U.S. operations, Reuters reported. The move comes amid ongoing uncertainty around the timing of a deal and multiple delays from the Trump administration via executive orders. A Blackstone spokesperson did not ... Read more âș
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Crypto custody firm BitGo said on Monday it has confidentially filed for an initial public offering, the latest crypto company rushing to go public as investors embrace digital asset-focused companies. Founded in 2013, BitGo is one of the largest U.S.-based firms that offer custody services to ... Read more âș
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Microsoft warned customers over the weekend that hackers were exploiting a previously undiscovered security flaw in its SharePoint file-sharing software and urged them to update their software to fix the vulnerability. The flaw impacts versions of SharePoint that customers run locally on their ... Read more âș
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Iâm back from the International Conference on Machine Learning in Vancouver, one of the biggest annual meetups for artificial intelligence researchers. And this year, the conference underscored all the ways in which large language models are still falling short of everyoneâs expectations, despite the immense progress that got us to this point.Researchers even called into question some of the most promising techniques that have gained popularity over the last year,... Read more âș
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Figma set a tentative pricing range for its initial public offering of between $25 and $28 a share, which on a fully diluted basis translates to between $14.6 billion and $16.4 billion. Thatâs below the $20 billion at which Adobe was proposing to buy Figma, back in 2022, a deal that was ... Read more âș
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After two blockbuster tech initial public offerings, investors are positively drooling over Figmaâs upcoming listing. The design software company is expected to launch into a surprisingly hot market for tech offerings led by CoreWeave and Circle, which are up more than 200% and 600%, respectively, since they started trading. Figma boasts blazing-fast sales growth: 46% in the first quarter, outshining the rest of the software industry. It has grown into... Read more âș
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Elon Musk says his xAI will launch an AI targeted at children that will be called âBaby Grok.â He offered no further details about the product, which he announced in a Saturday evening post on X. Muskâs xAI has quickly become a top contender in the AI race, while its signature product, ... Read more âș
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After Elon Musk left Washington and ignited a feud with President Donald Trump last month, the Trump administration reviewed the governmentâs contracts with Muskâs SpaceX and thought about cutting some of them. In the end, it didnâtâafter deciding they were too vital to the Defense Department ... Read more âș
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President Donald Trump is suing The Wall Street Journal over a story published by the newspaper about birthday letters sent to disgraced financier Jeffrey Epstein. Trump was one of several people who sent Epstein a letter, the Journal reports. Trump denies sending the letter. The attack on the ... Read more âș
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Welcome, Weekenders! In this newsletter:âą The Big Read: Flying taxis near reality thanks to an unexpected boost from Toyotaâą The Top 5: A tech mogulâs guide to summer fashion, Sun Valley style âą Plus, our Recommendations: âFlesh and Code,â âThe CIA Book Clubâ and âSu Majestad.âSilicon Valley has many flaws. A prominent one: an industrywide aversion to good, catchy names. Too many lowercase letters. Too few vowels. Sometimes a name... Read more âș
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President Donald Trumpâs recent decision allowing Nvidia to resume sales of the H20 artificial intelligence chips to China sent its Chinese customersâmostly big tech firms like ByteDance and Alibabaâinto a frenzy to snap up chips before the U.S. administration changes its mind again. Nvidiaâs message: not so fast. The AI chip giant has told its customers it has only limited stocks of the H20 chipsâthe most powerful AI chip it... Read more âș
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What do you get when you mix plenty of the worldâs most powerful capitalists with a sleepaway camp setup in Idaho? Well, for years, the Sun Valley Conference, hosted by Allen & Co., the ultrasecretive investment bank, was a place to hobnob and perhaps strike a deal. Itâs something else now: an honest-to-goodness fashion event, with more and more attendees clearly putting considerable effort into what they put on each... Read more âș
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Imagine buying a house from someone who refused to show you the interior. The roof might be leaking, but the sellers donât want you to know. Thatâs what itâs like buying shares in many of the biggest tech companies, which refuse to disclose key details about their business. More strikingly, many of these companiesâsuch as Netflix and Appleâsteadily reduce what they disclose as they mature. The only conclusion: They donât... Read more âș
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The chair of the U.S. House Committee on China has raised concerns over Nvidiaâs resumption of sales of its H20 artificial intelligence chip to China. In a letter addressed to Commerce Secretary Howard Lutnick, Michigan Sen. John Mollenaar asked for a briefing from the Commerce ... Read more âș
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The White House is preparing an executive order targeting artificial intelligence companies whose models the administration deems too âwoke,â the Wall Street Journal reports. Under the order, which is expected to be announced next week, AI companies awarded federal contracts will be required to ... Read more âș
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Microsoft said Friday it will end a program involving China-based employees who worked on cloud servers that the company rents out to the Pentagon and other agencies. The change came several days after ProPublica published an investigation about the program, which raised national security ... Read more âș
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President Donald Trump on Friday signed stablecoin legislation, the Genius Act, into law, delivering the first major legislative win for the crypto industry. The legislation provides a regulatory framework for stablecoins, crypto tokens pegged to the U.S. dollar. The White House hosted a signing ... Read more âș
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Meta Platforms will not sign the European Unionâs code of practice for artificial intelligence, a voluntary framework meant to help companies comply with the EUâs AI Act, Meta Chief Global Affairs Officer Joel Kaplan said on Friday in a post on LinkedIn. He said the code is a form of overreach. ... Read more âș
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29.07.2025 12:11
Last update: 12:06 EDT.
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