Adobe in recent months held talks with Synthesia, a London-based maker of artificial intelligence software that generates video avatars of people, to buy the startup for about $3 billion, a premium from the startup’s $2.1 billion valuation in a January financing, according to a person with knowledge of the discussions. Synthesia and Adobe walked away without reaching a deal after disagreeing about the price, this person and two others said.... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Microplastics are Silicon Valley’s new big worry• Media: Beehiiv, the next billion-dollar newsletter startup?• Plus, our Recommendations: “Camp Shame,” “Algospeak” and “KPop Demon Hunters”Leave it to Las Vegas to stir up tensions between Hollywood and Silicon Valley. The Sphere, the orblike amphitheater owned by billionaire James Dolan, will stage a showing of “The Wizard of Oz” over Labor Day weekend, presenting the... Read more ›
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Last August, when CNN’s Oliver Darcy decided he wanted to leave the network and launch Status, an email newsletter focused on the media industry, he cast about for a platform that would allow him to customize the look and feel of his new venture so it didn’t resemble every other media newsletter. There was Substack, the leader in the newsletter industry, which boasted writers like Matthew Yglesias, Matt Taibbi and... Read more ›
8
Anthropic cut off OpenAI’s access to Claude through Anthropic’s application programming interface on Friday. The company said the move was because OpenAI was “using our coding tools ahead of the launch of GPT-5,” in violation of Anthropic’s terms of services, which prohibit using Anthropic’s AI ... Read more ›
0
Apple held a rare companywide all hands meeting on Friday to discuss the company’s investments in artificial intelligence and other topics. CEO Tim Cook struck a confident tone about Apple’s future in AI, telling employees that Apple has exciting plans that he couldn’t discuss, according to a ... Read more ›
2
Don’t count out Amazon. This was not the commerce cloud giant’s week, to be sure. When it comes to the great artificial intelligence cloud race, which now overwhelms all else in tech, Microsoft and Google appear to be ahead. Both companies posted accelerating growth in their cloud units for the June quarter, unlike Amazon. But one element is widely missing from the discussion: how a long-term shift in big tech’s... Read more ›
8
OpenAI has secured $8.3 billion of new commitments from investors such as hedge funds Dragoneer, Altimeter Capital and D1 Capital Partners, exceeding its earlier goal of $7.5 billion, according to a person with knowledge of the fundraise, confirming earlier reporting from The Information about ... Read more ›
0
Tesla was partially to blame for a fatal crash involving its self-driving software, a federal court jury in Florida found on Friday, according to several news reports from the courtroom. Tesla will have to pay $200 million in punitive damages as well as a third of an additional $139 million in ... Read more ›
1
OpenAI made waves across the industry in December when it published the results from its tests of artificial intelligence that performs better on tasks when it gets more time and computing power to process them. The results implied ChatGPT customers were about to be blown away by what the new AI could do. But the euphoria was short-lived. When OpenAI researchers turned the new AI into a chat-based version called... Read more ›
12
Nvidia and Alphabet’s growth investing arm CapitalG are in talks to invest in Vast Data, a cloud storage and database provider whose flash storage-based products are gaining traction with AI firms, at a valuation as high as $30 billion, Reuters reported. The interest in Vast Data, which was ... Read more ›
0
Vast Data, an AI software and storage startup, is in talks to raise billions in funding from Nvidia and Alphabet’s growth-stage venture arm CapitalG, Reuters reported. The new funding round could value the startup as high as $30 billion, a significant step up from its valuation of $9 ... Read more ›
0
Lee Jacobs, co-founder of Long Journey Ventures, thought he had seen it all among his friends and acquaintances in Silicon Valley: the continuous glucose monitors, the cortisol tests, the frequent bloodwork to monitor hundreds of biomarkers and maximize longevity. Recently, another wellness obsession took him by surprise. “I didn’t know the level of how many people are taking pictures of their poop,” he said. As it turns out, they were... Read more ›
0
Chinese artificial intelligence model developer Zhipu AI, whose progress has attracted Washington’s scrutiny and caught OpenAI’s attention, expects its revenue to increase as much as fourfold this year from a modest $42 million in 2024, the Beijing-based startup’s CEO, Zhang Peng, said in an interview this week. Zhang’s bullish 2025 growth forecast reflects the acceleration of China’s domestic AI usage this year. That’s partly due to DeepSeek’s release of its... Read more ›
6
This year’s torrid deal-making pace is definitely not taking a pause for summer. On Wednesday, I reported that OpenAI is months ahead of schedule in raising money for its $40 billion megaround. Investors are pouring in money at a moment when OpenAI is generating $12 billion in annualized revenue and hitting 700 million weekly active users for its ChatGPT products, including both consumers and business customers. Investors are also keen... Read more ›
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Meta Platforms has sought partnerships with startups developing artificial intelligence models to generate and edit videos, The Information reported Thursday. Meta is in talks with Pika, which develops AI that can generate realistic videos, about a possible partnership that could include ... Read more ›
0
What a day! Apple surprised with a much better quarter than it had projected, lifting revenue in the June quarter 10%, thanks to 13% higher iPhone revenue, the best iPhone quarter in four years. Amazon, meanwhile, reported the best growth for its online stores in three years. (See below for more on the quarterly results.) The biggest news today, though, was Figma’s bubble-like public debut, which made me wonder if... Read more ›
0
Salesforce and ServiceNow have each invested $750 million in contact center automation company Genesys, in the latest sign of AI breathing new life into one of the older segments of the enterprise software market. The new funding values Genesys at $15 billion, a person close to the company said. ... Read more ›
0
As TikTok nears another deadline to sell its U.S. business, the company is shaking up some of its senior roles. In a note to staff Thursday, which The Information reviewed, TikTok CEO Shou Zi Chew said that Adam Presser, TikTok’s head of operations and trust & safety, will become head of USDS—a unit the company created to secure U.S. user data. It’s a step up for Presser, who has been... Read more ›
0
Shares of Confluent lost one-third of their value in the wake of yesterday’s earnings report to close at under $18 per share—their lowest levels since late 2023. Investors are reacting to declining sales growth of cloud products and lower spending from one customer, an AI company. ... Read more ›
0
Apple’s iPhone business grew at a rapid clip, as U.S. consumers bought up phones ahead of any possible tariff-related price increase. For the quarter that ended in June, iPhones sales grew nearly 13% from the prior year to $44.6, the fastest growth the business has seen since a pandemic-era ... Read more ›
0
Shares of Coinbase fell by more than 6% in post-market trading after the crypto exchange missed profit estimates in the second quarter, as lower trading volume weighed on its revenue. The cryptocurrency exchange posted earnings of 12 cents per share. It reported $1.5 billion in total revenue, up ... Read more ›
0
Most popular sources
Business Insider
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23% 3 |
Wired
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11% 4 |
Vox
|
9% 7 |
Tom's Hardware
|
9% 2 |
Gizmodo
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6% 0 |
| View sources » | |
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31.10.2025 23:28
Last update: 23:06 EDT.
News rating updated: 05:20.
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