Amazon is in talks to invest $10 billion or more in OpenAI at a valuation exceeding $500 billion, The Information reported on Tuesday. As part of the potential deal, OpenAI would use Amazon’s Trainium artificial intelligence chips, and the investment would help fund OpenAI’s massive ... Read more ›
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Amazon is in talks to invest $10 billion or more in OpenAI, according to three people familiar with the discussions. The valuation would be higher than $500 billion, one of the people said. The Amazon investment would help OpenAI afford some of the commitments it has made to rent servers from cloud providers, including from Amazon Web Services. OpenAI last month announced it would spend $38 billion renting servers from... Read more ›
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What is it about former British government ministers that makes them so appealing to U.S. tech firms? Former U.K. Chancellor of the Exchequer George Osborne is joining OpenAI to be head of OpenAI for Countries, based in London. The title is a little vague, but according to OpenAI’s chief global affairs executive, Chris Lehane, Osborne will be working with governments around the world to develop AI infrastructure—including computing capacity—and everything... Read more ›
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The Trump administration has threatened to impose penalties on European technology companies in response to a pattern of what it says are “discriminatory and harassing lawsuits, taxes, fines, and directives” against American tech companies. In a post on X, the Office of the U.S. Trade ... Read more ›
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The boom times for startup fundraising are likely to roll into the new year. As I scooped earlier Tuesday, self-driving car service Waymo is expected to raise billions of dollars at a $100 billion valuation, more than double its last valuation.It’s the latest sign that while public markets quake, private investors are still eager to put money into AI-related startups. Their valuations are soaring to levels that make 2021 swoon.... Read more ›
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Waymo is in early talks with potential investors to raise more money at a valuation of at least $100 billion, according to people familiar with the company’s plans. The size of the round will at least be several billions of dollars, possibly even more than $10 billion, one of the people said. The exact valuation has not been set and the funding is expected to be arranged early next year,... Read more ›
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Databricks said it had raised more than $4 billion from investors including Insight Partners, Fidelity Management and J.P. Morgan Asset Management, valuing the AI software firm at $134 billion. The round will allow Databricks to continue to stay private while allowing employees to sell some ... Read more ›
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OpenAI has hired former UK Chancellor George Osborne to a new position it’s calling the Head of OpenAI for Countries, according to Chief Global Affairs Officer Chris Lehane’s LinkedIn post. Osborne will lead the company’s effort to expand its Stargate data center buildout across the rest of the ... Read more ›
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Businesses such as IBM and Salesforce have long used chatbots to greet their website visitors and offer them assistance with getting more information about their products. In recent years, generative AI has livened up these chatbots so they are no longer confined to a small set of canned responses. But some technology providers are having trouble keeping these AI chatbots from going off-topic. For instance, earlier this month, Sierra, a... Read more ›
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The iPhone family is growing again. Over the next two years, Apple is planning a major expansion of its smartphone product line that could see it selling at least seven new models of its flagship device by fall 2027, up from five iPhone models today, according to multiple people working directly on the products at both Apple and its suppliers. The move will see Apple—which is often criticized for releasing... Read more ›
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While alien hunting is often associated with tinfoil hats and flying saucers, the Search for Extraterrestrial Intelligence Institute has established itself as a leading scientific organization since it was founded 41 years ago. As it scans the cosmos for alien life, it has published research in peer-reviewed astronomy journals and collaborated with NASA on several missions, including the Mars Curiosity rover. Recent AI advances have supercharged its efforts to analyze... Read more ›
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In just two years, Kansas City, Missouri–based lender Lead Bank has emerged as a major link between stablecoin startups and the traditional financial system, powering billions of dollars of payments around the world. But lately, signs have emerged that both the bank and its stablecoin clients are tightening their risk controls, potentially making it harder for crypto companies to operate. Stablecoins are growing in popularity, particularly overseas where they are... Read more ›
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Two venture capital firms bucked the industry’s year-long slump to raise multibillion dollar funds. Lightspeed Venture Partners on Monday announced it had raised more than $9 billion, including a $3.3 billion to make follow-on investments. And Dragoneer raised $4.3 billion in a new venture fund, ... Read more ›
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PayPal Holdings applied to set up a Utah-based bank, a move that would allow it to directly provide loans to customers instead of relying on third-party banks for much of the process. The 27-year old online payments company filed applications with the Utah Department of Financial Institutions ... Read more ›
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Talk about a jittery market. Shares of ServiceNow dropped 11.5% on Monday after a weekend report that the enterprise software firm was in “advanced talks” to buy cybersecurity firm Armis for $7 billion. The stock sell-off wiped $21 billion off ServiceNow’s market capitalization—reducing it to $159 billion—which seems something of an overreaction. But it’s a demonstration that nowadays investors are selling first and asking questions later. Investors have turned particularly... Read more ›
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IRobot, the company that makes the Roomba vacuum, is filing for bankruptcy, it announced Sunday. Shenzhen Picea Robotics Co., iRobot’s main contract manufacturer, will buy iRobot’s assets out of bankruptcy. Roombas were first released in 2002 and became the most popular home robots of the past ... Read more ›
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Ford on Monday will halt production of its electric F-150 Lightning pickup after poor sales of the vehicle, and will re-introduce it as a plug-in hybrid that uses an unusual technology to deliver more than 700 miles of range. The company also sharply cut plans to make batteries in the U.S. and, in a move likely to spark controversy in Washington, will expand its use of Chinese technology in the... Read more ›
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Tesla shares were trading up 4% on Monday after CEO Elon Musk confirmed that the company has started testing its Robotaxi vehicles in Austin without human backups inside the cars. “Testing is underway with no occupants in the car,” Musk said in an X post on Sunday in response to a video of a ... Read more ›
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Former Shopify executive Glen Coates has joined OpenAI as the company’s head of app platform, he said in a LinkedIn post Monday. OpenAI didn’t immediately respond to a request for comment. OpenAI has taken early steps to make ChatGPT the default way its users interact with other apps, and has ... Read more ›
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The Trump administration has launched a new program, dubbed “Tech Force,” to recruit engineers to work on artificial intelligence inside federal agencies. People who sign up for the two-year program will “work in teams reporting directly to agency leadership” and will collaborate with partner ... 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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