DoorDash reported 33% growth in revenue, to $4 billion, a slowdown from the fourth quarter but still several percentage points higher than the growth rate the food-delivery firm had reported for most of last year. The strong growth reflected the acquisition in October of the European ... Read more âș
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After years of mostly tumbleweeds, the initial public offering market is about to enter one of its most exciting and potentially volatile eras. SpaceXâwith a valuation expected to exceed $1 trillionâis widely anticipated to go public as soon as June, with companies like Anthropic and OpenAI potentially not far behind. As a historic wave of supply hits the market, the mechanics that underpin public trading are about to be pressure-tested.... Read more âș
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Anthropic has struck a deal to use all of the compute capacity from xAIâs first data center in Memphis within the coming month, the company said on Wednesday. The data center, known as Colossus 1, has 300 megawatts of capacity and more than 220,000 Nvidia chips. xAI also said the companies had ... Read more âș
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Uber reported steady growth in the first quarter, with gross bookingsâthe dollar value of all transactions on the serviceârising 25%, although only 21% on a constant currency basis. Uberâs free cash flow was essentially flat at $2.286 billion. An accounting change in the UK, relating to how ... Read more âș
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When SpaceX hits the market, likely next month, Elon Muskâs fans will rush to buy shares no matter what the valuation. A few months later, a far different group of investors might also scramble to get shares, and theyâll also buy at any price.Index funds, the favorites of savvy, cost-conscious investors, might be forced to load up on SpaceX shares late this year if proposed rules make it easier for... Read more âș
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In recent months, a lot of discussion has centered around the rising costs of AI, with even large, sophisticated public companies like Uber blowing through their 2026 AI budgets in a matter of months.Even venture capitalists are feeling the pain. One partner at a large fund told me that they previously gave five of their staffers enterprise Claude accounts to help them with their work. In recent weeks, those usage-based... Read more âș
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Four years after its was exiled from the U.S., Polymarket was desperate to get back into the country. To make that happen, the prediction market bought a derivative and futures exchange that had just gotten a U.S. license and hired its chief executive, Justin Hertzberg, to run Polymarket U.S. Hertzberg appears to be CEO in name only. His main job for Polymarket appears to be signing U.S. regulatory documents. The... Read more âș
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Chinaâs national artificial intelligence fund is in talks to invest in DeepSeek in a funding round that is now expected to value the company at more than 300 billion yuan ($44 billion), according to two people with knowledge of the discussions. DeepSeek, owned by Chinese hedge fund High-Flyer ... Read more âș
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AI server chip maker Advanced Micro Devices said Tuesday that its revenue growth would accelerate eight percentage points to 46% in the current quarter, after rising 38% to $10.3 billion in the first quarter. Shares rose 16% in after-hours trading. Sales of AMDâs AI graphics processing units are ... Read more âș
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Private equity firms Blackstone, KKR and EQT are in talks with Alphabet to get their portfolio companies access to Googleâs AI models, according to a person with knowledge of the situation. The discussions follow the establishment of two separate companies set up by Anthropic and OpenAI and ... Read more âș
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Greetings!Before we get to todayâs news, check out our new text-to-audio tool that lets you listen to all of our articles on desktop or mobile web. Just press the Listen button on any article (I promise you will not hear my voice, just in case the thought of that was offputting!).There must be a template out there somewhere, probably created by AI, that companies use to announce layoffs nowadays. After... Read more âș
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Meta Platforms is building a consumer version of the AI agent OpenClaw and a new agentic shopping tool, The Information reported on Tuesday. The company is training the OpenClaw-inspired agent, internally called âHatch,â with the goal of internal testing by the end of June, one of the ... Read more âș
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OpenAI co-founder and President Greg Brockman said that Elon Musk does not understand artificial intelligence, testifying Tuesday in Muskâs lawsuit against OpenAI. âLook, he knows rockets. He knows electric cars. He did notâand I believe does notâknow AI,â Brockman said. His comment responded to ... Read more âș
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News this week about private equity firmsâ new joint ventures with OpenAI and Anthropic came at the right time for PE giants: just as they were about to sit down with their investors for days of meetings at the annual Milken Institute conference. The AI partnerships put the slew of PE firms involvedâin Anthropicâs case, Blackstone, Hellman & Friedman and Apollo, and, in OpenAIâs case, TPG, Bain Capital and Advent,... Read more âș
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Google DeepMind employees in the U.K. sent a letter to management asking Google to voluntarily recognize the Communication Workers Union and Unite the Union as joint representatives of the AI research unitâs U.K.-based staff. The letter, sent Tuesday, is the first official step toward possible ... Read more âș
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Meta Platforms is building a consumer version of the AI agent OpenClaw and a new agentic shopping tool, people familiar with the efforts said, as CEO Mark Zuckerberg pushes for products to deliver returns on the companyâs huge artificial intelligence investments. Meta is training the OpenClaw-inspired agent, internally called âHatch,â with the goal of internal testing by the end of June, one of the people said. The aim is for... Read more âș
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PayPal CEO Enrique Lores said on Tuesday he is committed to keeping the payment companyâs major business lines together for now, mapping out a plan to cut at least $1.5 billion in costs while also reviving growth and overhauling the firmâs aging tech. PayPal has seen years of sluggish ... Read more âș
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Microsoft is scrapping Gaming Copilot, an AI chatbot it had added to its Xbox mobile and PC gaming apps, the unitâs new CEO, Asha Sharma, said Tuesday. The move suggests she is being sensitive to criticisms that Microsoft has been aggressively steering Xbox customers to AI features. Sharma is ... Read more âș
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The number of software tollgates is expanding.ServiceNow on Monday joined firms such as HubSpot and Workday in detailing plans to charge customers that use AI agents to tap data in its apps. During its financial analyst day in Las Vegas, the company unveiled âAction Fabricâ, a new layerâeffectively a tollgateâthat AI agents will have to go through to interact with data in their ServiceNow apps. COO Amit Zavery said the... Read more âș
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When Google last month said it would supply Anthropic with an astonishing five gigawatts of server capacity, the companies didnât put a dollar figure on that commitment. But as part of the deal, which begins next year, Anthropic plans to spend about $200 billion with Google over five years, according to a person with knowledge of it. The commitment means Anthropic represents more than 40% of the ârevenue backlogâ Google... Read more âș
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28.07.2026 09:37
Last update: 09:30 EDT.
News rating updated: 16:30.
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