Snap said its subscription business had hit a $1 billion annualized revenue run rate, as the number of people paying for a Snapchat+ subscription passed 25 million. The announcement is a rare bit of good news for Snap, which has reported weak ad growth in recent quarters. In 2025, Snapâs ad ... Read more âș
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A soon to be listed Robinhood fund that invests in private startups could lay a path for Silicon Valleyâincluding VC firmsâto raise more money from individual investors. Robinhood is raising $1 billion for the fund, which has the New York Stock Exchange ticker of RVI. The fund, Robinhood says, will invest in âbest-in-classâ private companies like Stripe, Databricks and Ramp. Those companies are largely off limits to everyday traders that... Read more âș
2
Perplexity is no longer offering ads, an executive told The Financial Times. The AI search startup is pulling back from this line of business as rival OpenAI started showing its users ads in ChatGPT conversations earlier this month. The company said it was worried ads would undermine usersâ ... Read more âș
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A new holy grail has emerged in the AI industry in recent months: continual learning, or the promise of AI thatâs able to learn from real-world experience the way humans do, without having to undergo long formal training processes that require tons of computational power and data.And as youâd might expect with the rise of an ill-defined, buzzy term in the tech sector, investors are already telling me that theyâre... Read more âș
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Saudi state-backed artificial intelligence firm Humain said Wednesday that it had invested $3 billion into Elon Muskâs xAI as part of a funding round in January. The investment preceded SpaceXâs acquisition of xAI earlier this month, according to Humain. The Saudi AI firm, which is owned by the ... Read more âș
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The battle for AI talent is no longer just about landing the best AI researcher. People with experience developing giant AI data centers suddenly are among the most sought-after professionals in tech right now. While an array of big tech firms and other developers is committing billions to data centers for AI, few people have designed and built centers at the scale now required. Many of the large AI campuses... Read more âș
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OpenAI can shift some of its revenue-sharing payments to Microsoft to later years under the terms of the pairâs recently renegotiated partnership last fall, The Information reported Tuesday. This should reduce the impact of the payments on OpenAIâs cash flow. Last fall, OpenAI and Microsoft ... Read more âș
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Anthropic paid about $1.3 million in revenue share in 2024 to cloud providers for reselling Anthropicâs AI models, The Information reported on Tuesday. That figure is expected to rise to about $360 million last year, $1.9 billion this year and $6.4 billion next year, according to The Information ... Read more âș
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Take that, Sundar Pichai! Three months after we scooped news that Meta Platforms was in talks to spend billions on Google AI chipsâknown as tensor processing unitsâfor its data centers, Meta and Nvidia unveiled an expanded âmultiyear, multigenerational strategic partnership.â Meta is a longtime Nvidia customer, of course, but it is recommitting to using âmillionsâ of Nvidiaâs AI chips as well as other Nvidia processors and gear. Itâs not clear... Read more âș
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Anthropic expects to pay Amazon, Google and Microsoft at least $80 billion to run its Claude AI on their cloud servers through 2029, according to the startupâs most optimistic recent forecasts. Thatâs not the only way the tech giants can make money from Anthropic: They get a cut of the revenue Anthropic generates if their customers buy its AI. And thatâs a fast-growing source of revenue. Anthropic paid only about... Read more âș
27
In case you missed it on Friday, we broke the news that Anduril is in talks to double its valuation to around $60 billion in a new funding round.The round is notable for more than just its price. While Anduril technically has both A and I in its name, itâs not the AI-centric type of startup that typically gets all the investor attention in this current cycle. But it shows... Read more âș
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Atlassian, which sells software that developers and other teams inside companies use to track projects, has frozen hiring for engineers and similar roles, the Australian Financial Review reported. The hiring freeze comes amid a broad selloff in enterprise software stocks driven by fears that ... Read more âș
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Meta Platforms and Nvidia on Tuesday announced a multi-year strategic partnership, in which Meta will use millions of Nvidia chips across its own data centers and through cloud providers. Terms of the deal were not disclosed. Meta, a longtime Nvidia customer, already puts Nvidia GPUs in its own ... Read more âș
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ServiceNow CEO Bill McDermott and other senior executives from the software provider have agreed to cancel pre-scheduled stock sales, and McDermott plans to purchase $3 million in ServiceNow stock later this month, according to a regulatory filing. The moves could reassure investors that ... Read more âș
2
Gemini Space Station, the crypto exchange co-founded by Cameron and Tyler Winklevoss, said Tuesday that three of its senior executives were leaving the company. The departures follow a steep decline in its stock from its September IPO. Chief operating officer Marshall Beard, chief financial ... Read more âș
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Benchmark on Tuesday said it had hired Jack Altman, the founder of early-stage firm Alt Capital and HR software company Lattice, as its fifth general partner. Benchmarkâknown for backing Uber and Snap in its early yearsâhas kept its fund sizes relatively small and continued to operate as an ... Read more âș
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Brokerage stocks were among the latest stocks to sell off last week on fears artificial intelligence would replace the financial institutionsâ role as investment advisers. While those worries may be overblown, itâs easy to see why traders are skittish. Take the case of IDX Advisors, a Scottsdale, Ariz.-based asset management firm with around 10 employees. IDX previously used financial analytics and forecasting applications from Morningstar and FactSet as part of... Read more âș
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Palo Alto Networks on Tuesday announced plans to acquire Israeli cybersecurity startup Koi, a deal meant to strengthen Palo Altoâs cybersecurity tools amid new threats posed by the advancement of agentic AI. Palo Alto didnât give a price but Calcalist reported the company is paying $400 million. ... Read more âș
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Thrive Capital said it has raised $10 billion in new funds, including $1 billion for early stage investments and $9 billion for growth stage. The New York-based firm is referring to these funds as âThrive X,â double the $5 billion Thrive closed in August 2024, for its funds labeled âThrive IX.â ... Read more âș
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U.S. AI firms such as OpenAI and Anthropic havenât yet turned a profit but theyâre trying to get on the path to doing so. In China, the big tech firms behind AI chatbots are fighting a different battle.Chinese tech firms are competing so intensely to draw people to use their AI chatbots that theyâre spending this weekâs Lunar New Year holidays giving away free stuff, or cash, as an incentive.... Read more âș
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03.05.2026 06:17
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