Snap’s Chief Financial Officer Derek Andersen is leaving the company early next month, Snap said late Monday, for a “new professional opportunity.” Andersen has been CFO since 2019. He will be succeeded by Doug Hott, who is vice president of finance, strategy and corporate development, Snap ... Read more ›
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Anthropic has quietly flourished in China thanks to businesses—including big tech firms and startups—circumventing Anthropic’s official restrictions on usage. That may soon change.Anthropic last week started requiring some customers to provide a government-issued photo ID and an image of themselves taken from their phone or webcam. It’s the latest in a series of steps taken by Anthropic over the past year to prevent people in countries viewed as American adversaries,... Read more ›
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Latin America’s largest tech firm, e-commerce and fintech juggernaut Mercado Libre, is on sale. The company’s share price has dropped 9% over the past 12 months even as its business has continued to rocket along at a 30%-plus revenue growth rate. Investors are skittish about growing competition posed by Singapore’s Sea Ltd. in Mercado Libre’s largest market, Brazil. But investors may be overreacting: There is plenty of room for multiple... Read more ›
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DoorDash said it plans to offer stablecoin payments for merchants and delivery workers globally using Tempo, a new blockchain started by Stripe and venture firm Paradigm. The feature will allow faster and cheaper payouts by DoorDash, which processes payments between consumers, merchants and ... Read more ›
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SpaceX’s confidential IPO filing includes new plans to award Elon Musk with tens of millions of shares if the company’s market cap increases to $6.6 trillion, The Information reported. The IPO prospectus, reviewed by The Information, also revealed that Musk had increased his stake in SpaceX last ... Read more ›
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Elon Musk increased his stake in SpaceX last year by purchasing $1.4 billion of stock from current and former employees, part of a series of moves leading up to the company’s initial public offering that increased his sway over the company. The large secondary stock purchase was made through the mega-billonaire’s trust. It was disclosed in a draft of SpaceX’s confidential IPO prospectus. The document also revealed a new plan... Read more ›
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Victory Giant Technology, one of Nvidia’s Chinese hardware suppliers, jumped as much as 60% on its debut on the Hong Kong Stock Exchange, as investors sought to capitalize on the global AI infrastructure boom. Shares of Victory Giant, which manufactures printed circuit boards used in AI servers, ... Read more ›
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Chinese startup Moonshot AI released a new model that it says demonstrates significant advancements in coding, ahead of DeepSeek’s highly anticipated launch of its new V4 model, which also focuses on coding. Beijing-based Moonshot said its new Kimi K2.6 model is particularly strong in “ ... Read more ›
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Happy talk. That’s what you get when CEOs pass the baton, and so it was with Apple’s long-anticipated announcement that Tim Cook would give up the top job, effective in September. “I love Apple with all of my being,” Cook said in the announcement (he’s sticking around as executive chair). “I am filled with optimism about what we can achieve in the years to come,” said Cook’s successor as CEO,... Read more ›
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The unrelenting demand for AI data centers is spilling over into lesser-known companies that supply components for essential tasks such as cooling chip servers. Phononic, a 17-year-old company whose semiconductor components prevent overheating in AI data centers, is hoping to cash in on that demand. The Durham, N.C., company is talking to potential buyers and has discussed a valuation of at least $1.5 billion, according to people familiar with the... Read more ›
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The most anticipated CEO transition in Silicon Valley is finally official. Apple on Monday announced that Tim Cook will pass the CEO baton to John Ternus, the company’s senior vice president of hardware engineering. The changeover will happen September 1, when Cook will become executive chair, continuing his responsibilities for Apple’s relations with policymakers around the world. In some respects, this leadership transition seems like a less treacherous one than... Read more ›
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Microsoft-owned GitHub said Monday it is restricting how much customers can use its Copilot AI coding tool and pausing new sign-ups for individual accounts as it struggles to handle an influx of traffic, triggering outages. The company is lowering the usage cap for all but the most expensive ... Read more ›
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Amazon is investing $5 billion into Anthropic now and will invest up to an additional $20 billion tied to commercial milestones, the companies said on Monday. The deal is on top of $8 billion Amazon previously invested in the artificial intelligence company. While the companies did not say what ... Read more ›
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Andreessen Horowitz said it had backed a new media company, MTS—an abbreviation of Monitoring the Situation—which will publish on Elon Musk’s X, “interviewing the main characters of the moment all day long.” The new company “aims to be the best place in the world to make sense of what’s ... Read more ›
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The rush to build and finance AI data centers has created a new kind of stress for CFOs at companies developing them. Some executives at these firms tell me they are struggling to keep their books accurate and move money from their lenders to their suppliers on time, raising the risk of costly delays or even huge overpayments.That risk is creating an opening Kos.AI, which is developing software that functions... Read more ›
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If you’ve been on X or Reddit in recent weeks, you’ve likely seen images created by an upcoming model from OpenAI floating around. Sharp-eyed people have pointed out that the new model is potentially being tested with some ChatGPT users and on leaderboards under code names. The images generated by that model, which some are calling “gpt-image-2,” are genuinely impressive and, in some cases, nearly indistinguishable from real images. (Bad... Read more ›
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Google has assembled a strike team of researchers and engineers to improve its AI coding models, according to three people with direct knowledge of the situation, as it looks to automate more of its own coding and ultimately its AI research. The push was prompted in part by Anthropic’s recent AI model releases, according to two of the people. Researchers at Google DeepMind view Anthropic’s coding tools as exceeding the... Read more ›
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Predictions site Polymarket is in discussions with investors about $400 million in funding at around a $15 billion valuation, which would add to $600 million that Intercontinental Exchange recently invested in the company, The Information reported. This valuation is substantially lower than ... Read more ›
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The predictions site Polymarket is talking to investors about raising $400 million in funding at a valuation of about $15 billion including the new money, according to two people familiar with the talks. The financing would add to the $600 million already invested in the funding round by Intercontinental Exchange, the parent of the New York Stock Exchange, which the exchange announced last month without disclosing the valuation. It’s looking... Read more ›
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The National Security Agency is using Anthropic’s powerful new AI model, Mythos Preview, even though the agency’s parent, the Department of Defense, has sought to blacklist the AI startup from government contracts, Axios reported. Axios didn’t say how the NSA is using Mythos, though other ... Read more ›
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28.04.2026 01:30
Last update: 01:26 EDT.
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