The dealmakers of the AI sector didn’t take a break this holiday season. Meta revealed this afternoon it had bought Manus, the Singapore-based developer of AI agents. The price wasn’t disclosed but seeing as Manus’ last fundraising valuation was $500 million, Meta might have spent $2 billion or so but not hugely more than that. (More on Manus here and here). SoftBank, meanwhile, today unveiled a $4 billion buyout of... Read more ›
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Meta Platform is acquiring Manus, an artificial intelligence agent that went viral earlier this year and got financial backing from Benchmark, in the U.S. tech giant’s latest move to expand its AI offerings. The deal will give Manus, operated by a Singapore-based startup called Butterfly Effect, ... Read more ›
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With warnings of an AI bubble looming and studies suggesting most generative AI pilots never make it into production, many executives are asking the same thing: We’re spending so much on AI—why aren’t we seeing real returns? A major reason, experts say, is that employees still aren’t adopting AI at scale. To explore how companies can change that, The Information’s Kevin McLaughlin spoke with three leaders who focus on AI... Read more ›
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Nvidia completed its $5 billion investment in Intel, according to an Intel securities filing. As previously disclosed, Nvidia bought 214.8 million shares in Intel at $23.28 apiece. The AI chip giant and Intel announced the investment in mid-September, as part of a joint effort to develop “custom ... Read more ›
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Microsoft CEO Satya Nadella and his deputies have warned that plenty of employees at large enterprises that pay for Microsoft 365 Copilot haven’t been using the AI features very much, as we reported recently.The most obvious way to change their ways is to make the software, an artificial intelligence add-on to Office apps like Word and Excel, more reliable and useful, which is what Nadella is personally focused on. The... Read more ›
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A crypto company that struck a partnership with the Trump family’s World Liberty Financial has fired an audit firm it hired weeks earlier whose license was reported to have expired in August. Crypto processor Alt5 Sigma was a largely-unknown Nasdaq-listed company until August. Then it ... Read more ›
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Can Waymo justify a $100 billion valuation? That’s a question investors will answer as Alphabet’s autonomous ride-hailing company discusses raising funding at a valuation that amounts to 280 times its annualized revenue—many times higher than other ride-hailing companies. Waymo’s rapid expansion in recent months—despite some hiccups such as a service suspension during a San Francisco blackout—suggests it can grow into that valuation. Revenue should rise as it adds riders and... Read more ›
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Before we get to today’s column, we need to explain something about last week’s big news: Nvidia’s agreement to pay an astounding $20 billion to license technology from AI chip startup Groq and hire its leaders. The reasons for Nvidia’s interest in Groq are getting a little clearer. Groq’s chips have the potential to help AI developers when they’re training so-called reasoning models, or models that can spend more computational... Read more ›
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SoftBank said Monday it would buy data center investment firm DigitalBridge for $4 billion, or $16 per share, a 15% premium to Friday’s closing price, its latest step to increase investment in infrastructure for data centers. DigitalBridge owns several data center subsidiaries that are involved ... Read more ›
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Love it or hate it, artificial intelligence dominated another year in tech. As AI firms like OpenAI and Anthropic raced to release smarter models, the largest tech firms mapped out massive data centers that would guzzle up more energy than tens of millions of American households to power them. “Agent” became the industry’s favorite buzzword for tools promising to eliminate human work. The popularity of coding assistant Cursor made its... Read more ›
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China’s top internet regulator issued draft rules to govern the use of AI services that involve human-like interactions, as Beijing tightens its oversight amid the country’s rapid AI adoption. The Cyberspace Administration of China presented the draft rules to the public on Saturday to accept ... Read more ›
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Whether you consider Elon Musk a visionary or a liar, he has a long record of publicly setting aggressive deadlines that his companies don’t meet. Barring any big breakthroughs over the next few days, the 2025 list will include high-profile promises on robotics manufacturing, robotaxis and AI models that fell short. On one hand, that’s business as usual for the Musk companies. But the stakes have risen drastically as investors... Read more ›
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Groq shareholders and employees will get handsome payouts from Nvidia as part of a $20 billion acqui-hire deal, Axios reported, ending speculation about the compensation in the unusual deal. Most Groq shareholders will get paid at the deal’s $20 billion valuation with 85% of the payouts coming ... Read more ›
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You can call 2025 the year of the robot, at least for the major AI companies. While companies such as Anthropic, Meta and xAI filled out their AI hardware and software lineups, nearly everyone started to work on technology for humanoid robots. The shift to robots says as much about the current competitive landscape in AI as it does about the dream of humanoids running around every factory and household.... Read more ›
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The giant tech stocks have dominated the U.S. stock market for years, leading in profit growth and performance. Despite the power of these stocks, the U.S. market was left in the dust in 2025 by most of the world’s markets, according to Goldman Sachs. The S&P 500 is up just under 18% so far ... Read more ›
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The White House is pushing the federal government to address power demands of AI by taking control of part of the nation’s power grid, The Wall Street Journal reported. State utility regulators are pushing back, saying the effort violates federal law, which splits control of the power grid ... Read more ›
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Welcome, Weekenders! In this newsletter:• A Tehran thriller, a chronicle of tech epochs—and 18 more great books to read over the holidays • The best video games of 2025• The best new tech and business podcasts of 2025 Back in 2024, Nvidia’s Jensen Huang made a really memorable boast: Even if his competitors started giving away their chips for free, they still couldn’t surpass what Nvidia had to offer. (You... Read more ›
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Quantity is so often the enemy of quality, a truth made plainly apparent across podcast feeds these days: Everyone and their cousin—or, rather, everyone and their Series B investor—is trying to do a lengthy chat show, seated behind high-end video cameras and the same set of Shure mics that Joe Rogan uses. In other words, our feeds are ever more cluttered with—sorry, to say it—slop. Yet as you can tell... Read more ›
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In the early 1980s, while driving his sports car, the game designer Eugene Jarvis was struck by another vehicle that ran a red light. His car did not survive the collision, but Jarvis, mercifully, did—though with a hand injury that temporarily made it impossible for him to press an arcade cabinet’s buttons. Rather than abandon his work, Jarvis adapted. He rigged up a second joystick to stand in for the... Read more ›
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JPMorgan in recent months has frozen accounts used by at least two fast-growing stablecoin startups operating in high-risk countries like Venezuela, The Information reported Friday. The bank’s moves highlight the risk that cryptocurrency transactions pose for banks, which are required to ... Read more ›
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15.03.2026 02:13
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