The judge overseeing Elon Musk’s breach of charitable trust lawsuit against OpenAI struck down 16 of OpenAI’s 55 defenses on Tuesday, ruling that OpenAI “inappropriately asserted an excessive number of defenses, many of which appear to be irrelevant, redundant, insufficient, or immaterial.” ... Read more ›
0
Talk about hanging someone out to dry! A day after DoorDash confirmed it had hired Lee Brown, Spotify’s longtime ad chief, as chief revenue officer, Spotify executives went out of their way to complain about the company’s ad performance—and by implication, the job Brown had done. When asked on the company’s second-quarter earnings call about Brown’s departure, Spotify’s co-president, Alex Norstrom, said the ad business hadn’t progressed enough, “so we... Read more ›
0
Cohere, a Canadian artificial intelligence developer that competes with Anthropic and OpenAI, has sustained one of the richest valuations in the industry as a multiple of the relatively modest revenue it generates. Now it’s told investors that sales are picking up—enough to entice existing shareholders to sink more money into the six-year-old company at a higher valuation. Read more ›
0
The tech investment climate feels more like New York City (97 degrees) today than San Francisco (67 degrees). That is to say, it’s scorching hot and starting to get uncomfortable. The latest major startup deal I’m hearing about is crypto exchange Kraken seeking about $500 million, at a $15 billion valuation, according to people familiar with the matter. Read more ›
0
Cerebras Systems, a startup that is developing artificial intelligence chips to challenge Nvidia’s, is in talks to raise up to $1 billion in private funding, potentially delaying a plan to go public this year, The Information reported. The potential delay would represent a shift for Cerebras CEO ... Read more ›
1
Groq, a chip startup taking on Nvidia, recently cut its 2025 revenue projections from more than $2 billion to more than $500 million, The Information reported. The company gave out the lower projections as it talks to investors about a new round of funding that would double its post-investment ... Read more ›
2
Nearly everywhere I look, I’m seeing signs of how artificial intelligence is shaking up the way we engage online, from shopping to social media. OpenAI is reportedly working on a new checkout feature, betting that more consumers will turn to chatbots like its ChatGPT to find and purchase products. At the same time, I’m seeing an influx of realistic AI videos on my social media feeds, while a new generation... Read more ›
11
Palo Alto Networks is in talks to acquire the login software firm CyberArk for more than $20 billion, The Wall Street Journal reported on Tuesday. CyberArk’s stock rose more than 12% on Tuesday following the report. CyberArk, a 26-year-old publicly traded startup based in Israel, sells software ... Read more ›
2
The Consumer Financial Protection Bureau said it will fast-track a new rule governing access to consumer financial data, weeks after JPMorgan unveiled new data-access fees that threw the fintech industry into turmoil. On Tuesday, the CFPB intervened in a lawsuit the banking industry had launched ... Read more ›
2
Cerebras Systems, a startup that is developing artificial intelligence chips to challenge Nvidia’s, is planning to raise money privately, potentially delaying a plan to go public this year, the company has told investors. The company is in talks to raise up to $1 billion in fresh funding, according to a person familiar with the discussion. Deliberations are still ongoing, and Cerebras may choose not to pursue a private round, another... Read more ›
0
Artificial intelligence that rewrites code and can reprogram old apps into newer formats is lowering the cost of switching enterprise software providers and is poised to help companies tackle previously nearly impossible tasks, as Aaron reported Monday. One such task we’re hearing more about involves companies getting their data out of Oracle, Microsoft SQL Server, Teradata and other databases that run in the companies’ private data centers. Some companies want... Read more ›
8
Anthropic is raising a new financing at a $170 billion valuation in a deal led by Iconiq Capital, reported Bloomberg. That’s up from the $58 billion-valued round, before the investment, led by Lightspeed Venture Partners at the start of this year. The new funding round is expected to be between ... Read more ›
0
JPMorgan is nearing a deal to replace Goldman Sachs as the provider of Apple’s credit card program, the Wall Street Journal reported. The largest U.S. bank has emerged as Apple’s preferred choice to take over the program which has about $20 billion in balances, according to the report. Over the ... Read more ›
5
Groq, a richly funded chip startup trying to take on Nvidia, told investors early this year it was on track to have more than $2 billion in revenue for 2025. Within the past month, the number it gave to investors has fallen to more than $500 million, according to documents viewed by The Information. Groq’s $2 billion projection came around the time it inked a $1.5 billion deal with Saudi... Read more ›
49
Spotify executives on Tuesday signalled that the departure of its ad chief, Lee Brown, on Monday was in response to their unhappiness with the speed of changes with the company’s ad business. In a second quarter earnings conference call, Spotify co-president Alex Norstrom responded to a question ... Read more ›
0
The Department of Justice has fired two senior antitrust staffers following weeks of internal feuding inside the department over its handling of enforcement decisions, according to CBS News. Tension inside the DOJ had been building over a lawsuit aimed at blocking Hewlett Packard Enterprise ... Read more ›
0
Imax on Monday announced that it would screen the winning films from Runway’s AI-generated film festival at some of its theaters. Netflix recently said it had used AI to generate a scene in one of its shows for the first time: a building collapsing in The Eternaut, an Argentine sci-fi show. Both announcements show that video-generating AI software startups, such as Runway and Luma AI, are making inroads into Hollywood.Now... Read more ›
6
When a powerful typhoon battered Guangzhou earlier this month, hundreds of programmers in the southern Chinese city braved torrential rain and gusting wind to show up to an event they’d been waiting for: Cursor’s first meetup in the city. More than 300 people turned out to watch a pre-recorded video of Eric Zakariasson, a San Francisco–based employee of Cursor’s parent, Anysphere, responding to questions submitted by participants. Later, attendees discussed... Read more ›
7
Nvidia last week ordered an additional 300,000 H20 chips from its manufacturer, Taiwan Semiconductor Manufacturing Company, as surging demand from Chinese tech companies prompted the U.S. firm to reconsider its initial plan to sell only its current stockpile, Reuters reported on Tuesday, citing ... Read more ›
0
Waymo said Monday that it would begin offering robotaxi rides in Dallas next year in partnership with Avis Budget Group. Avis, a rental car and fleet management company, will be in charge of maintaining Waymo’s robotaxis and the depots they’re stored in. Waymo completes more than a quarter ... Read more ›
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Most popular sources
Business Insider
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42% 24 |
Wired
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20% 18 |
Gizmodo
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8% 2 |
MacRumors
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7% 6 |
Vox
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4% 1 |
| View sources » | |
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05.11.2025 06:08
Last update: 06:01 EDT.
News rating updated: 13:05.
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