Oracle and OpenAI will not expand their data center footprint at their Abilene, Texas campus beyond the initial 1.2 gigawatts, at a site being developed by startup Crusoe, according to people with direct knowledge of the situation. Oracle has leased eight buildings in Abilene for OpenAI, with ... Read more ›
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Top technology banker Niall Cannon is leaving Citi to join Morgan Stanley as a senior investment banker focusing on software, according to people familiar with the matter. Cannon was most recently a vice chairman of Citi’s global technology investment banking and also served as its global ... Read more ›
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Microsoft will keep selling Anthropic models—and other products powered by its models—to most customers after the Pentagon said it was designating Anthropic a supply chain risk, Microsoft said late Thursday. The software-and-cloud giant said its lawyers determined that the Pentagon’s designation ... Read more ›
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When Anne Wojcicki was considering whether she should try to save her life’s work, genetic testing pioneer 23andMe, from bankruptcy last year, many within her inner circle offered the same advice. “There was no shortage of people who would come to me and say, ‘You can walk away: It’s fine,’” she recalled last month, seated on a sunny patio at 23andMe’s Palo Alto, Calif., headquarters, speaking at length about the... Read more ›
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Online retailer Quince is in talks with investors to raise a funding round that would value the company at above $10 billion after the investment, according to a person with knowledge of the plans. If the talks are successful, the buzzy online brand would more than double its valuation from its last funding round. The fundraise follows continued rapid growth at the eight-year-old company, thanks to heavy promotion on Instagram... Read more ›
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Anthropic CEO Dario Amodei on Thursday apologized for writing a memo to staff in which he said the Trump administration didn’t like Anthropic in part because the company hadn’t “given dictator-style praise to Trump.” Amodei said he apologized for “the tone of the post,” adding: “It does not ... Read more ›
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I’ve spent the last week talking to people who are in town for Morgan Stanley’s annual technology, media and telecom conference at the Palace Hotel this week. Even before the fireworks last week between the Pentagon and Anthropic, the gathering was sure to be buzzy, given the lineup of richly valued private startups—including OpenAI and Anthropic—and the havoc their growth has been wreaking on software stocks.Indeed, conference goers were so... Read more ›
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This wasn’t a fun day on Wall Street—the S&P 500 fell 0.5%—but one group of stocks bucked the downward trend. That would be those of several travel-booking and food-delivery firms, such as DoorDash, Booking Holdings and Expedia, which climbed between 3% and 13%. One likely reason is OpenAI’s astounding retreat from offering shopping directly in ChatGPT. While it wasn’t a travel-booking or food-delivery service, investors had clearly been worried it... Read more ›
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Together AI, one of several up-and-coming cloud providers renting out Nvidia chip servers to AI developers, is in talks with investors to raise around $1 billion in funding at a $7.5 billion valuation before the investment, according to two people with knowledge of the fundraise. The funding would more than double its valuation from a year ago and could boost Nvidia’s efforts to diversify its base of customers as investors... Read more ›
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Shares of companies including Booking.com and Expedia rose nearly 8.5% and 13%, respectively, on Thursday, following a report from The Information that OpenAI would abandon plans to sell goods directly in ChatGPT in favor of putting checkouts inside apps that plug in to ChatGPT. The change ... Read more ›
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Some U.S. officials are drafting rules requiring companies and other governments to seek Commerce Department approval to buy AI chips that end up outside the U.S., according to a U.S. official briefed about it. The rules, earlier reported by Bloomberg, aren’t finalized and could ... Read more ›
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The Defense Department has officially told Anthropic that the artificial intelligence company and its products “are deemed a supply chain risk, effective immediately,” according to a senior defense official. The declaration follows an announcement on social media last Friday by Defense Secretary ... Read more ›
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Last week, my colleague Qianer tested an AI agent inside Alibaba’s Qwen app, which resembles ChatGPT. She asked to get a ticket to see Pegasus 3, a comedy film about a race car driver that has been topping the Chinese box office. The agent found the nearest theater showing the movie and recommended seats and screening times for later in the day. Liu then authorized the booking. As OpenAI, Google... Read more ›
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Oracle is planning to cut thousands of employees as soon as this month, according to a Bloomberg report, which said the cuts will be “wider-reaching” than the firm’s typical rolling reductions. Some of the job cuts will impact people who work in roles the firm expects it will no longer need due ... Read more ›
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Weapons maker Anduril expects to roughly double revenue this year to about $4.3 billion, while its operating loss would rise by nearly half to $1.2 billion, according to confidential financial figures shared with prospective investors. The privately held company is raising $4 billion, valuing it at about $60 billion, in a deal led by existing investors Andreessen Horowitz and Thrive Capital. The new capital would help offset substantial operating losses... Read more ›
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Wow, what a day of news! In case you missed it (which would have been difficult), we broke a number of stories yesterday regarding OpenAI and Anthropic. Most memorable was this piece about the fiery, 1,600-word memo Anthropic CEO Dario Amodei penned to staff last Friday criticizing the OpenAI-Pentagon deal. (You can check out the full memo here for some of the fun phrases Amodei uses.) Though the memo garnered... Read more ›
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Chinese tech heavyweights including Alibaba Group, ByteDance and Tencent Holdings are turning to domestic chipmakers to ease the pain from a deepening global shortage of memory chips, according to four people with direct knowledge of the matter. The three companies are in talks to buy more standard memory chips—known as DRAM, or dynamic random-access memory, and NAND flash, which stores data long-term—from two Chinese companies to keep their data centers... Read more ›
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Shares of chip designer Broadcom were trading up 6% in pre-market trading on Thursday, in the wake of the company’s bullish January quarter earnings. Broadcom reported 29% revenue growth but, importantly, 106% expansion in revenue from its fast-expanding AI chip business. Broadcom helps ... Read more ›
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OKX, a crypto exchange giant that’s been considering a U.S. IPO, said it received a strategic investment from the Intercontinental Exchange, the parent of the New York Stock Exchange, that values the crypto firm at $25 billion. The investment will represent less than 10% of OKX’s stake, said ... Read more ›
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Alibaba Group will establish a “foundation model task force” to coordinate group-wide resources and accelerate its AI development, its CEO said Thursday, after a top researcher behind the company’s Qwen suite of models resigned. He also said the company will continue to uphold its commitment to ... Read more ›
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13.03.2026 22:56
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