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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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Paramount’s streaming revenue rose 15% to nearly $2.2 billion during the second quarter, driven in part by pricing increases. However, the company, which owns the Paramount+ and Pluto TV streaming services, saw streaming ad revenue drop 4% year over year, due to the impacts of lower ad prices ... Read more ›
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Amazon Web Services revenue rose roughly 18% to $30.9 billion in the second quarter, as its pace of growth held steady from the first quarter and badly lagged revenue accelerations that smaller cloud competitors Microsoft and Google reported earlier this week. Amazon shares fell more than 7% in ... Read more ›
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Google on Thursday lost its appeal to overturn the 2023 jury verdict that the Google Play app store had become an illegal monopoly. The ruling follows a recent court order forcing Apple to open up its own app store checkout, in a case also brought by Epic Games. Last October, a federal judge ... Read more ›
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Figma became the second-most richly valued publicly traded software company, after Palantir, following a blockbuster initial public offering. The company’s shares rose more than 250%, pushing its enterprise value at the end of Thursday to $67 billion. That means that investors are valuing Figma at about 55 times the revenue that bankers expect it to generate in 2026, compared to a median forward multiple of 13 for the largest software... Read more ›
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Meta Platforms is prowling for partnerships with startups that use artificial intelligence to create and edit videos, as the social media giant’s AI dealmaking blitz enters new terrain. In recent weeks, Meta and Pika, which develops AI that can generate realistic videos, have discussed a partnership, including a possible acquisition or a deal to license Pika’s technology, according to a person familiar with the conversations. Meta also recently discussed a... Read more ›
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CoreWeave secured $2.6 billion in debt to help it purchase equipment for its contract with OpenAI, the server rental company said Thursday. The loan facility gives CoreWeave access to more capital as it looks to buy and deploy chips for a contract with OpenAI the company previously said is worth ... Read more ›
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Staff at the Idaho National Laboratory, a federal nuclear research facility, have been using artificial intelligence from OpenAI and Anthropic to automate routine work, such as drafting literature reviews of research papers or generating lines of code.But now, the lab is starting a more ambitious effort: using AI to automate how companies obtain permits to build new reactors. Read more ›
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Most popular sources
Business Insider
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28% 12 |
Tom's Hardware
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12% 7 |
Slashdot
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10% 7 |
Mashable
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8% 6 |
Gizmodo
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7% 4 |
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03.11.2025 09:30
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