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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Talk about an endorsement! For all the talk about OpenAI falling behind Google, the ChatGPT maker doesn’t seem to be having any problems attracting big backers. Last week it was Disney, putting in $1 billion, and soon it’s likely to be Amazon, judging from The Information’s scoop on Tuesday night that Amazon was in talks to invest more than $10 billion in OpenAI. On top of that, tonight we scooped... Read more ›
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YouTube has struck a five-year exclusive deal to broadcast the Oscars, starting in 2029, YouTube and the Academy of Motion Picture Arts and Sciences announced on Wednesday. The deal, which will end ABC’s exclusive run broadcasting the Oscars, which began in 1976, highlights the growing strength ... Read more ›
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OpenAI has held preliminary discussions with some investors about raising at a valuation of around $750 billion, according to three people with knowledge of the discussions. It could raise tens of billions of dollars, and as much as $100 billion, according to two of the people. Talks are early and nothing has been finalized. A valuation at that level would be 50% higher than OpenAI’s last share sale in October... Read more ›
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Coinbase said Wednesday it’s launching stock trading, prediction markets, stablecoin issuance, and other new features in payments and wealth advisory, in its bid to become an “everything exchange.” The move represents its biggest product shakeup in years and puts it in direct competition with ... Read more ›
2
Salesforce has struck an agreement to acquire Qualified, a seven-year-old startup that helps Salesforce customers generate sales leads from their websites. Terms weren’t disclosed, but Salesforce is paying between $1 billion and $1.5 billion for Qualified, according to a person with direct ... Read more ›
3
Memory chip-maker Micron’s shares climbed 8% after it reported 57% growth in revenue of $13.64 billion for its first fiscal quarter, ended Nov. 27, well above its September projection that it would bring in as much as $12.8 billion in revenue. Executives also forecast Micron’s revenue growth to ... Read more ›
0
Amazon reorganized its AI development team, it said on Wednesday, by expanding it to also include quantum computing and silicon development, which includes development of Trainium chips. Those organizations were previously part of Amazon Web Services. Amazon’s AI team, which developed its Nova ... Read more ›
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Anthropic will get up to 2.3 gigawatts of computing power from data centers being developed by Hut 8, a bitcoin mining company with close ties to the Trump family. Hut 8 and cloud startup Fluidstack will develop a data center campus in Louisiana with an initial 245 megawatts of power and the ... Read more ›
0
Oracle shares fell 5% Wednesday morning after the Financial Times reported that data center investor Blue Owl would not participate in a $10 billion financing for one of Oracle’s artificial intelligence data centers being built for OpenAI in Michigan. Blue Owl decided not to invest because the ... Read more ›
0
Online education platform Coursera said on Wednesday it would buy rival Udemy for about $950 million in stock, giving the two companies more scale to compete as AI threatens their businesses. The companies are two of the largest US-based online learning providers but their growth has slowed ... Read more ›
0
Scarcity creates value in everything from precious metals to giant private tech companies. That accounts for some portion of the stunning prices investors are paying to get into SpaceX, OpenAI and other companies while they are still private. An army of wealth managers, fund executives and other go-betweens have made a lucrative living touting their access to coveted deals in these companies. Some of their clients have done well, at... Read more ›
0
When Micron Technology reports its fiscal first-quarter earnings on Wednesday afternoon, investors will be listening for the memory chip maker’s outlook in the next few quarters. Micron is one of three companies, along with Samsung and SK Hynix, that make high-bandwidth memory, a key component of AI chips. Surging demand for AI chips has lifted memory chip revenues for all three companies in the past year or so. That in... Read more ›
8
Last night The Information broke the news that Amazon was in talks to invest at least $10 billion in OpenAI at a valuation of more than $500 billion. As part of the deal under discussion, OpenAI would agree to use Amazon’s Trainium chips, we reported. It's the latest in a string of deals OpenAI has done to raise the money it needs to pay for its costly AI development. We’ll... Read more ›
0
The board of Warner Bros. Discovery rejected Paramount Skydance’s $108 billion takeover offer, sticking with a deal it has already reached with Netflix, citing “significant risks” of the Paramount offer. In a securities filing, WBD outlined in detail the risks of the Paramount offer, which is ... Read more ›
1
Tesla will face a possible 30-day ban on selling its vehicles in California unless it changes marketing practices that a state regulator says mislead consumers about the capabilities of its driver assistance software, according to the California Department of Motor Vehicles. A California ... Read more ›
0
OpenAI, Anthropic and Google have been on the prowl for specialized data to train their AI models, discussing deals with startups and public companies to license datasets on topics such as genomics. In the last several months, for instance, staff at OpenAI spoke to life sciences diagnostics vendor Revvity, accounting software firm Xero and biotech, consumer healthcare, software and financial services companies about potentially licensing their data or forming another... Read more ›
1
Wall Street is gearing up for three potentially record-setting initial public offerings over the next 18 months. The talk among bankers is not about what SpaceX, Anthropic and OpenAI will do on their big days but about what happens after that, when the companies’ existing shareholders try to unload their multibillion-dollar stakes. Each of the three has raised some of the largest amounts ever for private companies. That creates the... Read more ›
1
Tencent Holdings internally announced that Yao Shunyu, a researcher who joined from OpenAI in September, is now serving as a chief AI scientist overseeing the Chinese tech giant’s large language model department as well as its newly established AI infrastructure department, according to a person ... Read more ›
0
Manus, an artificial intelligence agent that briefly went viral earlier this year and got financial backing from Benchmark, said Wednesday that its annual run rate has just reached $125 million, up from $90 million in August. A spokesperson for Manus also said that the AI agent’s annual ... Read more ›
0
Waymo is in early talks with potential investors to raise more money at a valuation of at least $100 billion, The Information first reported Tuesday. The size of the round will at least be several billions of dollars, possibly even more than $10 billion. A new valuation at more than $100 ... Read more ›
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15.03.2026 05:33
Last update: 05:25 EDT.
News rating updated: 11:21.
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