AI chip startup Cerebras Systems said Wednesday has raised about $1 billion in a new funding round that values the company at $23 billion including the new investment. The Information first reported in January that the startup was in fundraising talks at a $22 billion valuation before the new ... Read more ›
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Microsoft security chief Charlie Bell will leave his role and be replaced by Hayete Gallot, a former Microsoft executive who most recently served as Google Cloud’s president of customer experience, CEO Satya Nadella said Wednesday. Bell, who joined Microsoft in 2021 to lead its security business ... Read more ›
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The Washington Post is laying off one-third of the newsroom, a spokesperson confirmed to The Information. Executive editor Matt Murray said in a note to staff shared with reporters that traffic to the Post’s web site from organic search had fallen by nearly half in the past three years. ... Read more ›
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Nvidia could invest around $30 billion, Amazon is down for at least $20 billion and Microsoft is looking at $10 billion as part of a $100 billion fundraising for OpenAI. SoftBank will bring the AI company closer to its goal with an investment worth around $30 billion. My colleague Sri Muppidi reported all of this last week. OpenAI has built amazing products and could be a world-changing company, but these... Read more ›
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Amazon Web Services CEO Matt Garman said that existing technology is “pretty far” from making data centers in space possible, just as Elon Musk has been pitching the idea as part of the logic for merging SpaceX and xAI. “I don’t know if you’ve seen a rack of servers recently,” Garman said at the ... Read more ›
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Google last week generated buzz with a new AI tool called Project Genie, which enables users to create and play in virtual worlds like ultra-realistic videogames. An upstart Chinese competitor that recently announced a similar product is trying to keep up with Google and capture some of that buzz.PixVerse, which a few weeks ago unveiled its “real-time world model” called R1, a competitor to Google’s Project Genie, is already preparing... Read more ›
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Uber reported 20% higher revenue for the fourth quarter, and a big jump in operating profits, as its business showed signs of acceleration, particularly on the food delivery side. Uber projected a slight slowdown in growth in the first quarter, however. Uber’s gross bookings—the dollar volume of ... Read more ›
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As Amazon weighs an equity investment of tens of billions of dollars in OpenAI, the companies are also discussing a commercial agreement that could require OpenAI to dedicate its own researchers and engineers to developing customized models for powering Amazon’s own AI products, according to a person involved in the talks and another person who was briefed about it. Amazon could use customized versions of OpenAI’s models to bolster Amazon... Read more ›
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Nvidia’s application to sell the H200 chips to China is still awaiting final approval by the U.S. government, nearly two months after President Donald Trump approved the sale, the Financial Times reported, citing people familiar with the discussions. The stall highlights how Nvidia is ... Read more ›
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Two partners at Sequoia Capital have left or plan to leave the blue-chip venture firm, according to a person familiar with the decisions. The plans, which haven’t previously been reported, add to recent exits at the firm and come during a period when more venture capitalists are attempting new ... Read more ›
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On Monday, our reporter Jemima McEvoy broke the news that venture capitalist Masha Bucher had deep ties with convicted sex offender Jeffrey Epstein. Their correspondence, released in a dump of more than 3 million pages from the Justice Department Friday, showed Bucher—née Drokova, the name she was using at the time—working as a publicist for Epstein, setting flirty texts and getting advice for her early-stage fund, Day One Ventures. The... Read more ›
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It’s CEO replacement time. Both Walt Disney Co. and PayPal named new chief executives on Tuesday, with each appointment symbolizing major business shifts. Disney named parks chief Josh D’Amaro to succeed longtime CEO Bob Iger, who turns 75 next week (D’Amaro is Iger’s second successor, after the first one flopped so badly Iger had to return to save the day.) Disney’s announcement was long expected. PayPal, in contrast, made a... Read more ›
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The Department of Justice and plaintiff states on Tuesday appealed a judge’s ruling on how Google’s search businesses should change in the wake of an earlier finding that it was an illegal monopoly. Their appeal came two weeks after Google also appealed the ruling. The remedies decision last ... Read more ›
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Shares of enterprise software stocks tumbled Tuesday as worries over new AI tools replacing traditional enterprise software subscriptions deepened following Anthropic’s release of its latest tool to automate legal tasks. Shares of Snowflake, Atlassian, MongoDB, Elastic and Hubspot fell more than ... Read more ›
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Businesses such as Microsoft are increasingly nudging their employees to utilize AI to get more done. Others are forcing the issue.One of the biggest firms to take the more aggressive path is Meta Platforms, which at the end of December had 78,865 employees. Read more ›
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PayPal named Enrique Lores as its next CEO on Tuesday, saying the company had fallen short of expectations on efforts to jumpstart growth. Lores, who has been the CEO of HP for six years, will replace Alex Chriss, a former Intuit executive who joined PayPal in mid-2023. PayPal shares fell more ... Read more ›
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The Paris office of Elon Musk’s X was raided by French police on Tuesday, as prosecutors summoned Musk and former CEO Linda Yaccarino for questioning as part of a broadening investigation into the social media service, according to a statement from the Paris prosecutor. The prosecutor’s office ... Read more ›
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Investors usually fund startups based on metrics involving revenue, profits or product usage. But investors backing newer AI research startups that are taking on Anthropic and OpenAI have to rely on other measures of success, such as incremental research breakthroughs or recent talent hirings. One example is AI math startup Axiom, which is raising more than $100 million in new funding led by Menlo Ventures, a major Anthropic backer, at... Read more ›
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Walt Disney Co. named its theme parks chief, Josh D’Amaro, to succeed Bob Iger as CEO on March 18, ending a years-long search. The selection immediately raises the question of whether D’Amaro will be more successful than Iger’s previous successor—another parks veteran, Bob Chapek—in taking the ... Read more ›
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When Stripe acquired crypto startup Bridge last year, it described stablecoins as financial services “superconductors.” Thanks to Bridge, Stripe has since integrated stablecoins into an array of products, such as stablecoin cards that allow customers to spend crypto anywhere. Using stablecoins for payments turns out to be harder than it looks. After Stripe launched one of its new Bridge cards in partnership with another crypto firm in January, scammers instantly... Read more ›
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03.05.2026 11:57
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