Anthropic has hiked its revenue forecasts for the next several years, projecting that sales will quadruple this year to as much as $18 billion and will hit $55 billion next year. It is aiming to shrink the revenue gap with OpenAI, its older archrival. The revenue projections, which haven’t previously been reported, are significantly higher than the ones Anthropic made last summer. But expenses, including those from training and running... Read more ›
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It’s a good thing Jeff Bezos started Amazon as an internet-based retailer. He might never have made it as a traditional shopkeeper! Amazon on Tuesday said it would shutter its chain of Amazon Fresh and Amazon Go grocery stores, closing a chapter in its fitful efforts to expand in physical stores. Amazon still owns the Whole Foods chain it bought in 2017, which the company says it will be expanding.... Read more ›
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Tether, the world’s largest stablecoin issuer, announced the official launch of USAT, a new stablecoin for the U.S. market that’s regulated under U.S. stablecoin legislation. Tether, which is based in El Salvador, is creating the new stablecoin because its main token, USDT, which has $186 ... Read more ›
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As I wrote earlier today, private equity firms are sitting on a backlog of software companies they bought during the buyout frenzy of 2021 and 2022 that they hope to take public or sell. One reason they can’t cash out is that the initial public offering market has not been receptive to new PE-backed software listings. The value of all PE-backed software companies totaled just $17 billion from 2022 to... Read more ›
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TikTok settled a lawsuit brought against several social media firms by a 20-year-old girl from Chico, Calif., who claims her social media addiction led to depression and suicidal thoughts. It is the first in a series of cases to go to trial, testing whether social media companies can be held ... Read more ›
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AI has been a frequent bogeyman to software stocks in the past year, with investors worried that AI agents could erode seat-based subscription pricing models and long-term growth. Shares of big incumbents such as Salesforce, Workday, Hubspot, ServiceNow and Adobe are down anywhere from 29% to 58% in that time frame, prompting some analysts and executives (at those companies) to argue that investors have overreacted. New posts and comments from... Read more ›
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OpenAI recently updated its policy for handling whistleblower complaints, following concerns about AI startups ignoring what are standard rules applying to all companies. It follows similar steps from Anthropic and could pressure other AI companies to follow suit. Federal government rules mandate that companies cannot retaliate against employees who report wrongdoing. Legislation governing AI, including the E.U. AI Act and California’s SB 53, has specifically mandated the protections for AI... Read more ›
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Microsoft has started using the latest version of its in-house AI chip, the company said on Monday, as part of its efforts to lessen reliance on Nvidia’s state-of-the-art chips. The new chips—called Maia 200—are already being used in one Microsoft data center, and the company plans to roll them ... Read more ›
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Meta Platforms plans to test premium subscriptions on its apps in the next few months, TechCrunch reported. The subscriptions would offer access to exclusive features, including “expanded AI capabilities,” TechCrunch said. The move could signal that Meta is looking to generate new revenue from ... Read more ›
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Amazon said Tuesday it would close its Amazon Fresh grocery stores and Amazon Go convenience stores in the U.S., as the e-commerce giant refocuses its grocery strategy on its Whole Foods stores and online grocery delivery. Amazon launched the Fresh concept in 2020, and pitched the stores as a ... Read more ›
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The average price to ride in Waymo’s robotaxis has dropped by 3.6% since March to $19.69 per ride, according to a new report by ride-hailing analytics firm Obi. Riding in a Waymo is now, on average, 12.7% more expensive than riding in an Uber and 27.4% more expensive than riding in a Lyft, down ... Read more ›
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As more tech executives weigh in on the weekend’s fatal shooting by federal immigration agents in Minneapolis, OpenAI CEO Sam Altman told staff this week that he believes “ICE is going too far,” according to a copy of the internal memo published by the New York Times’ DealBook. “There is a big ... Read more ›
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Pinterest said Tuesday it will lay off up to 15% of its employees, or around 700 staffers, as part of a restructuring to put more resources towards artificial intelligence-focused projects. The digital scrapbooking app has been fighting for user attention as AI chatbot apps like ChatGPT grab a ... Read more ›
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Private equity firms are struggling to sell the software companies they acquired in a buying frenzy in 2021 and 2022, even though they enjoyed a rebound in sales for such companies last year. The lack of deals could force more PE firms to sell their holdings at a lower price, or even at a discount to the original deal price. Sales did pick up last year but not enough to... Read more ›
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Moonshot AI, a Chinese large-language model developer, released its new foundation model called Kimi K2.5, saying it excels in coding as well as its understanding of visual data. K2.5, which can process both text and visual inputs, can generate code based on images and video, according to the ... Read more ›
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Anthropic CEO Dario Amodei published an essay Monday outlining how he sees the risks from powerful AI, such as the possibility of AI taking over the world or empowering an authoritarian regime. Regarding the essay, Amodei posted on X that “given the horror we’re seeing in Minnesota, its emphasis ... Read more ›
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Jury selection kicks off in Los Angeles tomorrow for a trial that both friends and foes of social media are saying could be existential for the social media industry—broadly defined to include Google’s YouTube as well as Meta Platforms and TikTok. The trial centers on a 19-year-old girl from Chico, Calif. who says her social media addiction led to depression and suicidal thoughts. It will be the first of thousands... Read more ›
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The founder and partners of OpenAI-backer Khosla Partners made opposing statements on X about the killing of a Minneapolis resident by a federal agent, in a rare instance of partners at the same VC firm clashing over politics in public. In a series of posts on X over the weekend, Khosla Ventures ... Read more ›
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Last week, the data center industry migrated temporarily to Hawaii for the Pacific Telecommunications Council conference. The event—like Davos except warmer—is typically where deal talks in the data center business begin and the priorities for the year are set. The sector’s power brokers are coming off a wild 12 months, bookended by the announcement—during last year’s conference—of the $500 billion Stargate data center project, and by the largest transaction in... Read more ›
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The circular funding party continues! This morning, Nvidia announced that it’s invested $2 billion into cloud provider CoreWeave, who said it’ll use that capital to build more than five gigawatts in AI data center capacity by 2030. CoreWeave also said that it’ll be an early adopter of Nvidia products like its AI chips and software. This is just another example of how Nvidia has used its deep coffers to support... Read more ›
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03.05.2026 14:43
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