Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khamenei’s death, Kalshi said it couldn’t pay out any ... Read more ›
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Archer Aviation escalated a tit-for-tat legal war at the top of the nascent flying electric taxi business, suing rival Joby Aviation for allegedly defrauding regulators and investors by concealing a heavy reliance on Chinese technology. In a federal civil suit in California, Archer claimed that ... Read more ›
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Nasdaq is partnering up with crypto exchange Kraken to distribute tokens representing U.S. equities to crypto users globally, a service planned for the first half of next year, pending regulatory approval. The move will “enhance global accessibility to U.S. equity markets,” said Tal Cohen, ... Read more ›
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Nearly 40 employees at OpenAI and Google, including Google DeepMind chief scientist Jeff Dean, have signed on to an amicus brief they submitted in court Monday in defense of Anthropic in its lawsuit against the Department of Defense for branding the company a “supply chain risk.” The employees ... Read more ›
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A senior Tesla finance executive, vice president of finance Sendil Palani, is leaving the company. He announced his departure in a X post on Monday. Palani started at Tesla in 2009 and worked on finance for vehicle manufacturing and autopilot software development, among other areas, according to ... Read more ›
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Meta Platforms temporarily closed its 900-person Tel Aviv office over the weekend following missile attacks on Israel from Iran. Meta also offered staff without bomb shelters up to five nights in a hotel. “We understand that not everyone has access to a shelter or safe room at home during these ... Read more ›
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Finance and data center executives have been buzzing about a Friday Bloomberg report that Oracle and OpenAI won’t expand a data center for the ChatGPT maker in Abilene, Texas, where the companies launched their first Stargate-branded facilities. As I have since learned, OpenAI several weeks ago declined to expand its data center usage there. Oracle still planned to move forward with an expansion of the site for a different AI... Read more ›
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Anthropic sued the U.S. Defense Department, challenging the department’s designation of the AI firm as a supply chain risk by focusing on the company’s free speech rights. The suit said the federal government had “retaliated” against Anthropic for expressing the principle that “the. most ... Read more ›
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Microsoft will start selling a new subscription bundle for businesses that combines its Office 365 software with its Copilot AI chatbot for the first time starting in May, the company said Monday. The launch reflects Microsoft’s effort to use AI products to wring more revenue out of its existing ... Read more ›
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Anthropic’s lawyers probably spent the weekend preparing a lawsuit the company said it would file against the Department of Defense for designating the Claude AI maker as a “supply chain risk” and cutting off commercial ties to “protect national security.” The designation followed Anthropic’s request for special assurances its tech wouldn’t be used for fully autonomous weapons and mass domestic surveillance. (Read a full account of the affair here.)The Anthropic... Read more ›
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OpenAI is likely at least six months away from going public, and possibly longer. But as the company takes steps toward an initial public offering, investment banks trying to get a piece of the business are contacting public market investors to gauge how they’re thinking about OpenAI’s prospects as a public company, said one person who has been on the receiving end of the outreach. The mood is mixed. Investors... Read more ›
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The U.S. government is working on rules that would require American approval for all exports of AI chips, and on the conditions of stringent security promises and “matching” investments in American AI infrastructure, Bloomberg reported. The move would give Washington extensive control over how ... Read more ›
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Alphabet CEO Sundar Pichai is close to achieving billionaire status, thanks to his generous stock compensation—and he’s only likely to get richer. Alphabet revealed in a securities filing late Friday that it had awarded him several new grants of stock, to vest over the next three years, which could potentially be worth nearly $700 million. We say “potentially” because he’ll only get that much stock if Alphabet shares outperform most... Read more ›
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The war in Iran is complicating plans by Gulf nations to spend more than $300 billion on data centers, chips and other AI investments, crimping a potential source of funding for power-hungry tech companies. Countries such as the UAE and Saudi Arabia have become big destinations for data centers. Local firms are developing the projects, along with U.S. companies such as xAI, OpenAI, Microsoft, Amazon, Oracle and Google, which are... Read more ›
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Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khamenei’s death, Kalshi said it couldn’t pay out any ... Read more ›
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OpenAI’s robotics chief said Saturday that she was leaving OpenAI over its negotiations with the Department of Defense. “Surveillance of Americans without judicial oversight and lethal autonomy without human authorization are lines that deserved more deliberation than they got,” Caitlin ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Inside Anne Wojcicki’s plan to revive 23andMe• News Analysis: The week Anthropic went to war with OpenAI and the Pentagon• The Information Events: Tennis enters the analytics era at our Indian Wells retreat• Plus, Recommendations—our weekly pop culture picks: “Data,” “A Scandal in Königsberg” and “Paradise”No one in tech has ever gotten very far by running around talking about what they can’t... Read more ›
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Alphabet granted CEO Sundar Pichai new stock awards with a potential value of $686 million, the company said in a securities filing on Friday, citing his “strong performance” in the top job. It was the largest series of grants Pichai has received since he became CEO of Google in 2015. The ... Read more ›
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As the action unfolded at the BNP Paribas Open this week, The Information gathered dozens of tech and finance leaders for two days of tennis and tech conversations on the sidelines of the conference in Indian Wells, Calif., near Palm Springs. Read more ›
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There are fierce battles over principles, and then there are grudge matches. In recent days, Anthropic has engaged in an extraordinary mix of both. For over a week, the AI startup and its CEO, Dario Amodei, have been locked in an intense struggle with the Pentagon over Anthropic’s refusal to let the military use its technology for domestic surveillance and to control autonomous weapons systems. The Pentagon on Wednesday took... Read more ›
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SoftBank Group is working with four banks including JPMorgan Chase on a $40 billion loan to help fund its new investment in OpenAI, Bloomberg reported. The bridge loan would have a one-year tenor and be the largest U.S. dollar-denominated loan the Japanese company has ever taken out, Bloomberg ... Read more ›
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13.03.2026 22:56
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