Dell and HP shares fell about 3% after hours Monday after Nvidia denied a report from website SemiAccurate that claimed the chip giant had been negotiating a deal for more than a year to acquire a large company that makes personal computers. The report didnât identify the company but Dell and ... Read more âș
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AI firmsâ voracious appetite for more data has lifted sales for obscure startups doing the industryâs unglamorous work: contracting with lawyers, PhDÂ holders and medical doctors who grade the answers AI models generate. The latest is Handshake, a 12-year-old startup that began as a job site for college graduates. Handshakeâs gross annualized revenue from AI training has risen to nearly $1 billion, up from $550 million in January and $5... Read more âș
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Microsoft is playing catch-up in the AI power race by grabbing big sites in Texas and West Virginia for data centers fired by natural gas. It wasnât long ago that the company had a big lead.In the early days of the AI boom, Microsoftâs in-house energy team amassed a 9-gigawatt war chest of grid-powered data center sites that was the envy of the industry, according to people with knowledge of... Read more âș
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An OpenAI executive said in a memo to staff Sunday that the company is seeing âstaggeringâ demand for its upcoming joint product with AWS and that its exclusive cloud deal with Microsoft had âlimited our ability to meet enterprises where they are,â CNBC reported Monday. As one of OpenAIâs ... Read more âș
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AI developers are getting more creative in how they acquire data to train AI models. For instance, theyâre paying startups to develop copies of popular apps, like Salesforce or Excel, to teach models how to use the appsâotherwise known as reinforcement learning environments or gyms.One beneficiary of this trend is Fleet, a two-year-old startup that develops and sells those RL environments. The startup is now in talks to raise at... Read more âș
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Tether, the worldâs biggest stablecoin issuer, has hired Jeremy Pollack, most recently vice president of Kinexys by JPMorgan, the bankâs blockchain business unit, to be its institutional expansion manager. Based in New York City, Pollack will build institutional partnerships to promote the usage ... Read more âș
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As Microsoft faces growing competition for business customers from Anthropic, it is developing new features that would make its AI assistant Copilot function more like OpenClaw, the open-source AI agent that has taken the AI industry by storm in recent months. A newly created team under Microsoft corporate vice president Omar Shahine is âexploring the potential of technologies like OpenClaw in an enterprise context,â including a team of always-on agents... Read more âș
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OpenAI CEO Sam Altman addressed an attack on his San Francisco home in a personal blog post on Friday, noting rising criticism of the AI industry and saying there is a need to âde-escalate the rhetoric.â Earlier that day, San Francisco police arrested a man for allegedly throwing a Molotov ... Read more âș
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We interrupt our regular AI programming to talk about something more entertaining: Netflix! The video-streaming giant kicks off tech earnings season on Thursday with its first-quarter earnings. Itâs the first quarterly report since Netflix walked away from its $82.7 billion deal to buy Warner Bros. Discoveryâs streaming and studio operations, so that distraction is gone. Now weâre back to guessing how long Netflix can keep growing at its recent annual... Read more âș
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Wall Streetâs sell-off of enterprise software stocks resumed in earnest late last week, sending stocks such as ServiceNow and Snowflake down around 8% or so on Friday, as jitters over the impact of new AI tools on older software firms intensified. But the panic may be too indiscriminate. One way of sorting out which software firms may have more of a future is to look at their spending on research... Read more âș
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Welcome, Weekenders! In this newsletter:âą The Big Read: Meet the father of Claude Codeâą Artificial Intelligence: The hijinks around tokenmaxxing ⹠Plus, Recommendationsâour weekly pop culture picks: âWho Blew Up the Georgia Guidestones?â âThose Who Are About to Dieâ and âIt Was Just an AccidentâOver a good many years, âSilicon Valley,â the HBO show, accomplished a very rare feat: It got the elite of Silicon Valley, the place, to laugh... Read more âș
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At tech giants like Meta Platforms, employees may have embraced the idea of âtokenmaxxingâ as a way to show off how dedicated they are to using AI in their jobs. Donât expect businesses beyond the deepest-pocketed tech giants to follow their lead, though. As The Information reported on Monday, employees inside Meta have been competing to see who could rank highest on an internal leaderboard called Claudeonomics as the most... Read more âș
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Meta Platforms is bringing on three senior OpenAI executives who helped lead the ChatGPT-makerâs ambitious Stargate cloud and data center initiative, according to two people with direct knowledge, marking a notable escalation in the battle for AI infrastructure talent. The executives are joining ... Read more âș
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CoreWeave, a provider of cloud computing for AI, on Friday said it had struck a multi-year deal to develop and run Anthropicâs Claude AI models. The company expects the first servers to come online for Anthropic later this year. The two companies didnât disclose the size of the deal. This is ... Read more âș
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Hong Kong has granted its first licenses to issue stablecoins to HSBC and a joint venture of Standard Chartered, allowing them to issue crypto tokens pegged to Hong Kong dollars. The move comes as Hong Kong pushes to become a global fintech and crypto hub, even as mainland China continues ... Read more âș
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Tesla has won approval to sell its driver assistance software in the Netherlands, the countryâs vehicle regulator said on Friday, in a key step toward potentially selling the service in the entire European Union. The Netherlands is the first country in the EU to approve the driving software, ... Read more âș
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Cisco Systems is in talks to acquire Astrix Security, a five-year-old Israeli cybersecurity startup that sells software to monitor and secure AI agents, for between $250 million and $350 million, according to people with knowledge of the deal. That would represent at least a 25% premium to the startupâs last valuation of around $200 million, one of the people said. The deal talks come as the popularity of AI agentsâAI... Read more âș
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Boris Cherny, the head of Claude Code, almost parted ways with Anthropic for good last summer. Instead, he has helped shape the coding agent into a megahit that has closed the distance with rival OpenAI. Claude Code has supercharged Anthropicâs growth. After rising from $1 billion in December to $2.5 billion in February, Claude Codeâs annualized revenue has accelerated in recent weeks, Cherny said, helping propel Anthropicâs revenue on that... Read more âș
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The memory chip market right now is governed by a triumvirate of companies, led by South Korean firm SK Hynix, followed by Samsung, also of South Korea, and U.S. chipmaker Micron. The three stocks soared more than 200% over the last yearâand yet theyâre still cheap, especially relative to Nvidiaâs stock. Investors arenât giving the companies credit for their stunning growth. SK Hynix and Micron each increased sales nearly 50%... Read more âș
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Federal Reserve Chair Jereme Powell and Treasury Secretary Scott Bessent on Tuesday summoned leaders of the major U.S. banks, including Citigroup, Bank of America and Wells Fargo, to discuss the cybersecurity risks from Anthropicâs new model, Claude Mythos, Bloomberg reported. The gathering ... Read more âș
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20.04.2026 03:29
Last update: 03:20 EDT.
News rating updated: 10:20.
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