Two members of Congress released a sweeping discussion draft for an AI regulatory framework on Thursday, proposing a bipartisan federal approach ahead of Novemberâs midterm elections. Led by Reps. Jay Obernolte (R-Calif.) and Lori Trahan (D-Mass.), the bill represents the latest Congressional ... Read more âș
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Pinterest said it would spend $4 billion on Amazon Web Services infrastructure through 2031, the largest infrastructure commitment in the companyâs history. As part of the deal, Pinterest will use AWSâ Trainium chips for AI workloads and expand its use of Amazonâs CPU Graviton. Pinterest has ... Read more âș
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The billionaire co-founder of Databricks and Perplexity AI, Andy Konwinski, is singularly focused on plugging the years-long drain of talent from academia to Big Tech.He wants to encourage academics to focus on publishing more openly available research, a reaction to the move by frontier AI companies to reduce the amount of AI research they publish as they race against one another to develop the best models and AI tools. While... Read more âș
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Helion Energy, a nuclear fusion startup backed by OpenAIâs Sam Altman, still has to prove it can produce electricity to serve data centers and other customers. But investors seem confident it can deliver. The Everett, Wash.âbased company said it has raised $465 million in a funding round led by Thrive Capital, the investment firm founded by Josh Kushner, a big backer of OpenAI. Helionâs valuation after the investment was $15.5... Read more âș
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Meta Platforms is considering charging up to $200 a month for its planned consumer version of the OpenClaw AI agent tool, The Information reported, an ambitious target that would rival top tier offerings from established AI giants. The product, currently called Hatch, could launch with ... Read more âș
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Benchmark has raised two new funds, one of which will invest in later-stage startups, breaking with the firmâs tradition of exclusively backing early-stage companies. The firm will invest in those more mature companies through a $1.25 billion fund and earlier ones through a $750 million fund, ... Read more âș
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It's no secret that criminals are using AI to streamline computer hacks in hopes of emptying out peopleâs bank accounts (never has it looked more appealing to stash cash under the mattress!). Cybersecurity executives, meanwhile, are rubbing their hands with glee at the influx of business they expect to get as a result. âWhat I see is AI driving structural demand for cybersecurity that compounds, not decelerates,â said CrowdStrike CEO... Read more âș
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SpaceX plans to sell 555.6 million shares at an expected price of $135 each when it goes public, the company said in a securities filing on Wednesday. SpaceX is expecting to raise $75 billion, more than twice as much as any other IPO in history, at a valuation of $1.77 trillion. Setting an exact ... Read more âș
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Apple is currently on track to launch its overhauled Siri in September, to run in part on Googleâs cloud computing servers using Nvidia chips, according to people familiar with the matter. While Apple will try to run as much as possible of the new Siri on devices such as iPhones, certain parts ... Read more âș
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Broadcom reported 48% higher revenue for its second fiscal quarter, ended May 3, as its AI chip revenue jumped 143% to $10.8 billion. Overall revenue of $22.187 billion was roughly in line with the companyâs projection issued in early March. Broadcom has benefited from growing efforts by ... Read more âș
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Meta Platforms is considering charging up to $200 a month for its planned consumer version of the OpenClaw AI agent tool, according to internal documents, an ambitious target that would rival top tier offerings from established AI giants. The product, currently called Hatch, could launch with tiered pricing including the $199.99 premium subscription that would include higher usage limits, according to the documents reviewed by The Information and a person... Read more âș
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Nvidia has bought Kumo AI, a five-year-old startup that sells predictive AI software to enterprises, for more than $400 million, said a person with knowledge of the deal. The acquisition, first revealed by an Nvidia executive in a LinkedIn post on Tuesday, should expand Nvidiaâs roster of AI models that can be optimized for Nvidia hardware and offered to enterprises for further customization. Read more âș
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Stripe, Visa, Mastercard and Coinbase are planning to form a consortium to issue a new stablecoin, according to people familiar with the matter, seeking to challenge the dominance of Circle and Tether, the two biggest issuers that make up 80% of market share currently. The new stablecoin will be ... Read more âș
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Alphabetâs plan to sell $80 billion worth of shares, billed as a way to pay for AI infrastructure and compute, is surprising enough, given the capital raiseâs size and the fact that the company last raised equity 21 years ago, when Gwen Stefaniâs âHollaback Girlâ was the song of the summer. But thereâs another eye-catching detail in the offeringâs fine print that reflects an underappreciated reality of big techâs AI... Read more âș
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Meta Platforms is expanding its AI agent offerings for businesses as part of its broader push to monetize AI products and services. At its Conversations business messaging conference on Wednesday, Meta announced it is bringing Meta Business Agent to Instagram and launching the Meta Business ... Read more âș
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Googleâs parent company Alphabet said on Wednesday that it was increasing the size of its equity raise to $84.75 billion from $80 billion. The bulk of the moneyâGoogleâs first time selling new stock since 2005âis earmarked for spending on AI infrastructure and compute, highlighting the cost of ... Read more âș
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Employee engagement and satisfaction surveys sound simple: Ask your workers about their experience, and then see what they have to say. But in practice, these survey cycles often turn into months-long marathons, with HR teams sometimes taking weeks to agree on the right questions and then manually combing through messy, unstructured data after the results come in. By using Gemini as both a brainstorming partner and a data assistant, HR... Read more âș
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OpenAIâs Codexâwhich was once pitched as a coding agent for developers and is now being framed as a more general-purpose agent for knowledge workersâis having a moment, as OpenAI chief revenue officer Denise Dresser put it on Tuesday. As I wrote about in this story from Tuesday, lots of developers are making the switch from Anthropicâs more popular Claude Code tool to Codex, as OpenAI has made its models and... Read more âș
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Walmart is trying to make its Sparky assistant smarter and more capable for shoppers by collecting more real-world data on how people shop inside its 3,500-plus U.S. superstores. Gathering more in-store information has been a focus for the company since Sparky launched about a year ago, said Hari Vasudev, Walmartâs U.S. chief technology officer, and the retailer plans to expand those efforts. That could include tracking when shoppers talk with... Read more âș
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SpaceXâs $75 billion offering will impact a lot more than just the employees and investors who are looking to cash in on their stock. It will also be a gauge of enthusiasm for tech IPOs, helping set the stage for other mega IPOs like Anthropic and OpenAI. If SpaceXâs IPO doesnât take off, âyouâd see a pullback in institutional capital that would have been available for other IPOs that want... Read more âș
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12.06.2026 04:37
Last update: 04:25 EDT.
News rating updated: 11:33.
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