Bullish, the crypto exchange operator and owner of news outlet CoinDesk, raised $1.1 billion in an upsized initial public offering. The Peter Thiel-backed firm said it is selling 30 million shares in its IPO at $37 per share, higher than the earlier target range of $32 to $33 per ... Read more ›
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A top executive of Chinese tech giant Tencent Holdings said the company has enough chips to keep developing its own artificial intelligence models, despite U.S. export controls on Nvidia’s AI chips to China. “We do have enough chips for training and continuous upgrade of our existing models,” ... Read more ›
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Rivos, a chip startup that aims to compete with Nvidia, is seeking to raise between $400 million and $500 million, according to two people familiar with the matter. The Santa Clara, Calif.–based startup, backed by Intel’s CEO Lip-Bu Tan, is seeking a valuation of more than $2 billion, one of the people said. It’s not clear if the valuation would include the new investment. Read more ›
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Amazon announced plans to expand its same-day grocery delivery offering to more than 2,300 U.S. cities by the end of this year, as the e-commerce giant aims to continue to grow sales of low-margin but frequently purchased items like groceries and personal care products. The service is currently ... Read more ›
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Companies like Scale AI and Surge have proven there’s a market for human-labeled data, like professionals’ answers to complex math or law questions, that AI research labs can use to train their models. Now, a young startup is tapping a similar opportunity, linking large model makers and AI startups with organizations that naturally generate valuable data in the course of their work, such as medical labs, production studios and soccer... Read more ›
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SAP is in the midst of an artificial intelligence–fueled overhaul. The 53-year-old German enterprise software giant has undertaken a massive reorganization over the past year and a half, cutting 8,000 jobs since the start of 2024 as it aims to use AI for cost savings while hiring in new areas focused on selling enterprise AI applications. Today we’re publishing an org chart identifying more than 30 of the top executives... Read more ›
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Merge Labs, which aims to develop brain-computer interfaces, is in early talks to raise $250 million at an $850 million valuation from investors including OpenAI, the Financial Times reported. Merge Labs would join a growing number of companies, including Elon Musk’s Neuralink, that are ... Read more ›
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For a relatively small player in the artificial intelligence sector, Perplexity AI certainly gets a lot of press. In the past couple of months, reports have suggested Apple and Meta Platforms have both contemplated buying it. At the same time, Perplexity offered to buy TikTok. And today we got news that Perplexity had offered to buy the Chrome browser from Google for $34.5 billion. Is Perplexity a buyer or a... Read more ›
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SoftBank’s Vision Fund 2 has performed so terribly it seems like fiction. Yet SoftBank Group’s stock hit an all-time high on Tuesday. To followers of SoftBank founder Masayoshi Son, none of this is surprising. Once again, he’s pulling a rabbit out of a hat, finding a blockbuster investment that overpowers his string of losers. The investment is OpenAI, and its success is one reason SoftBank’s stock is soaring. The maker... Read more ›
3
CoreWeave’s revenue more than tripled to $1.2 billion in the three months ended June 30, reflecting new deals the AI chip rental firm has struck. But its cash burn rose to nearly $3 billion. In the quarter, CoreWeave said it signed a $4 billion expansion deal with OpenAI, which comes in addition ... Read more ›
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If TikTok does eventually sell its U.S. business, who is going to lead the new company?That’s a question we’ve been mulling as TikTok nears the September 17 deadline for a law to go into effect that will ban the video app in the U.S. unless it breaks off from its Chinese parent company. And now we have a little more insight into the possible structure. Read more ›
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Artificial intelligence-powered search engine Perplexity has offered $34.5 billion to acquire Google’s Chrome browser, according to Perplexity spokesperson Jesse Dwyer. The three-year-old startup has made the offer—amounting to nearly twice its recent valuation—as the government decides whether ... Read more ›
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AI agents are getting more advanced—but they’re also getting more expensive to run. That trend is beginning to force AI agent sellers to change their pricing models to pass on more of the cost of running the agents to their users.Traditionally, AI companies have sold their products to businesses like most other types of software: by charging a flat fee as a monthly subscription, typically pegged to the number of... Read more ›
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The Information’s editors shared this note with staff today. Hi - We’re delighted to announce Katie Roof is joining The Information to continue what she does best: break news about the most important tech deals. She will also share her years of experience by mentoring other reporters on the craft of deal-scooping. She’ll be our new deputy bureau chief, venture capital. Katie joins us after more than five years at... Read more ›
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Stablecoin issuer Circle, which went public in a blockbuster IPO in April, reported second-quarter revenue of $658 million, up from 53% a year ago, on growing circulation of its USDC tokens. Shares jumped 7% Tuesday morning to $173 per share, up from its IPO price of $31 as investors bet that ... Read more ›
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Elon Musk threatened to sue Apple for alleged antitrust violations, claiming that the iPhone maker is unfairly favoring OpenAI’s ChatGPT over xAI’s Grok in its app store. “Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which ... Read more ›
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We might be a long way away from sipping Pina Coladas on a beach while AI-powered humanoid robots handle all our work. But we’re already starting to see how AI is upending society. Some ChatGPT users are lamenting that they’ve lost their “only friend overnight” with the latest GPT-5 update, while other headlines suggest AI chatbots can even induce psychotic episodes. Partly in response to these trends, Anthropic has hired... Read more ›
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Just weeks after Nvidia reached a deal with President Trump allowing it to sell AI chips in China, the chipmaker has hit a new hurdle—Chinese authorities. China’s internet regulator in the past two weeks ordered local tech companies including ByteDance, Alibaba Group, and Tencent Holdings to suspend their purchases of Nvidia chips, citing data security concerns with the chips, according to three people briefed on the matter. Read more ›
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President Donald Trump praised Intel CEO Lip-Bu Tan after their meeting on Monday, saying Tan’s “success and rise is an amazing story.” Trump’s positive description of his meeting with Tan came after the president last week demanded that Tan step down immediately. Trump’s call for Tan’s ... Read more ›
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The judge overseeing a copyright lawsuit brought by a group of authors against Anthropic on Monday denied the company’s request to delay the case while it appealed to a higher court. Anthropic is appealing the federal district court’s ruling that downloading and storing over 7 million “pirated” ... Read more ›
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02.11.2025 23:33
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