Software stocks have started to recover after last week’s disastrous sell-off, but hardly enough to reverse a rout that has plagued the sector since fears that AI would render its products irrelevant took root. Several big-name software stocks, including ServiceNow, Adobe and Workday, are now trading at their lowest valuations in a decade. That presents buying opportunities for investors willing to make a bet on which software companies will survive... Read more ›
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Jimmy Ba, a cofounder of Elon Musk’s xAI and a prominent AI scientist, said late Tuesday that he just left the company. Ba’s exit comes the day after another xAI cofounder, Tony Wu, announced his resignation. “It’s time to recalibrate my gradient on the big picture,” Ba said in a post on X. “ ... Read more ›
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The chairs of the U.S. House China and Foreign Affairs committees sent a letter urging the Trump administration to close loopholes in export controls that allow China to gain access to advanced chip-making equipment. The push comes after media reports in December that China made ... Read more ›
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Working at an Elon Musk company is rarely a stable gig. Musk is known to be an extremely demanding boss, and when he’s focused on a problem, heads will usually roll, either because he fires people or makes their lives so miserable they quit. That seems to have been the case again this week, with major executives at both xAI and Tesla heading for the exits. At xAI, co-founder Tony... Read more ›
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Maybe the “dumb money” isn’t so dumb after all. Over the last two years, Silicon Valley has been flooded with special purpose vehicles that promise individual investors a way to own shares in OpenAI, Anthropic and other buzzy startups. These often seemed like a sure way for individuals to lose money, thanks to exorbitant fees and the funds’ sometimes dubious claims of share ownership. But a SpaceX initial public offering... Read more ›
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Lyft, the no. 2 ridehailing firm, reported 3% higher revenue of $1.6 billion in the fourth quarter, sending its stock plunging 15% in after-hours trading. But Lyft said that excluding changes to legal, tax, and regulatory reserves, its revenue would have risen 13%. The company reported 19% ... Read more ›
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Peter Steinberger, creator of OpenClaw, an AI agent that has taken the developer world by storm, recently made a stunning statement: he doesn’t even look at much of the AI-generated code he uses to make the agent. That could soon become the norm for a majority of people developing applications, said former GitHub CEO Thomas Dohmke. This idea is part of the impetus behind Entire, Dohmke’s new AI-code monitoring startup,... Read more ›
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OpenAI has touted shopping inside ChatGPT as a major business opportunity as it tries to raise tens of billions in fresh cash. Meanwhile, the company is still nailing down some online commerce basics. That includes figuring out the best way to navigate state sales taxes—people working on commerce inside OpenAI still haven’t decided how it should handle the collection of sales taxes for purchases made through its site, two people... Read more ›
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Meta Platforms CEO Mark Zuckerberg and his wife Priscilla Chan are reportedly purchasing a mansion on Indian Creek, a man-made island in South Florida often referred to as “Billionaire Bunker.” According to a report in The Wall Street Journal, Zuckerberg told one of his future neighbors ... Read more ›
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Spotify’s revenue grew 7% in the fourth quarter of 2025, the music streaming and podcast service reported, in line with the third quarter. A 4% drop in ad revenue partly offset 8% higher subscription revenue. But the company reported an improvement in its gross margin, which translated to ... Read more ›
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The sizable gap between how AIs and humans learn new things has inspired researchers to rethink the math behind today’s AI models. But developers have found a more immediate and practical workaround to get AI to continually learn: “skills.” A skill is a text prompt containing instructions for how an agent should perform a task. For example, an agent that is instructed to tweak a PDF might review a skill... Read more ›
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The crypto industry is facing twin crises—in the markets and in Washington—that are threatening to derail its dream of mainstream acceptance. With the worst crypto sell-off since the collapse of FTX in the background, the industry has run into strong opposition to a wide-ranging bill it is trying to push through Congress. To break the logjam, it is trying to win over community banks, which have emerged as a powerful... Read more ›
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Tony Wu, one of xAI’s cofounders, said he has resigned from Elon Musk’s AI company. Wu’s exit follows the departure last year of another xAI cofounder, Igor Babuschkin. “I will deeply miss the people, the warrooms, and all those battles we have fought together,” Wu said in a post on X. “It ... Read more ›
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Zhipu, one of China’s prominent AI developers, has anonymously released its new large language model under a different name on OpenRouter, a popular AI model marketplace for developers. Pony Alpha, a new open-source LLM launched on OpenRouter a few days ago, is Zhipu’s new model, known as GLM-5, ... Read more ›
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Last week’s sell-off in software stocks is having an impact. Enterprise software firm Workday revealed Monday it had replaced its CEO, Carl Eschenbach, with co-founder and former CEO Aneel Bhusri, who is returning “to lead the company’s next chapter.” Bhusri, to be clear, has led the company for most of its chapters, having been either co-CEO or sole CEO from 2009 through 2024. What Workday seems to be saying is:... Read more ›
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Amazon has indicated to publishing industry executives that it is planning to launch a marketplace where publishers can sell their content to firms offering AI products, according to two people who spoke with Amazon about the project. Those discussions come as publishers and AI companies are battling to set terms over how AI firms can access online content, either for training models or for answering queries from users. Publishers have... Read more ›
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Michael Grimes, a long-time tech banker, is returning to Morgan Stanley after a one-year stint with the Trump administration, where he was a senior advisor to the U.S. Department of Commerce and oversaw the government’s investment unit, according to an internal memo viewed by The Information. He ... Read more ›
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Stripe is preparing a potential tender offer that could value the payments company at more than $140 billion, Axios reported. That would put the company’s valuation well above the $107 billion mark at which it bought back shares from investors last fall. It marks a significant rebound from the ... Read more ›
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Alphabet is set to raise $20 billion in the U.S. bond market, as part of a massive debt sale that will also see the company selling bonds in British pounds and Swiss francs, Bloomberg reported. The bond offering comes days after the Google parent company announced that it expected to double its ... Read more ›
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Workday, which sells human resources and financial management applications, announced that co-founder and executive chair Aneel Bhusri is returning as CEO. He is taking over for Carl Eschenbach, who is stepping down after two years in that role and also vacating the board seat he has held ... Read more ›
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03.05.2026 10:27
Last update: 10:20 EDT.
News rating updated: 17:23.
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