Adobe in recent months held talks with Synthesia, a London-based maker of artificial intelligence software that generates video avatars of people, to buy the startup for about $3 billion, a premium from the startup’s $2.1 billion valuation in a January financing, according to a person with knowledge of the discussions. Synthesia and Adobe walked away without reaching a deal after disagreeing about the price, this person and two others said.... Read more ›
64
Crusoe, the startup behind the first data center for OpenAI’s $500 billion Stargate project, is seeking around $1 billion in new equity, The Information reported Wednesday. The firm is both a real estate developer that builds data centers for other companies and a cloud provider that rents out ... Read more ›
0
Lyten, a tiny California battery startup, turned heads by snapping up assets from one of the industry’s most high-profile failures—but Lyten is now struggling itself. Lyten this week laid off its chief battery strategist, just three weeks after it bought a battery factory from bankrupt Northvolt. It also let go 45 of its 300 employees, according to a person familiar with the matter. The company appears to have made the... Read more ›
0
President Donald Trump’s 23-page AI Action Plan, released on Wednesday, won’t transform the AI industry overnight, but it offers a sense of who stands to gain or lose under the current administration’s agenda. Big winners include those developing open-source models, such as Meta Platforms, while a requirement for plugging AI chip export loopholes could hurt Nvidia.For those who didn’t pay attention, the plan is designed to guide the Executive Branch’s... Read more ›
14
Google’s and Meta Platforms’ unconventional multibillion-dollar deals to obtain artificial intelligence talent have dominated headlines in recent weeks. But large technology companies including Meta, Amazon, Nvidia, Snowflake and cloud provider CoreWeave have gone beyond recruiting talent: Each has recently acquired at least one AI startup for their technology. A pool of startups hasn’t raised capital in a while and could be primed for a takeover by large acquirers or other... Read more ›
5
ServiceNow shares rose more than 7% after its second-quarter earnings, in which the company surpassed its revenue forecast by around $80 million and said deals that include its AI tools are getting larger and closing more frequently. ServiceNow had just over $3.2 billion in revenue for its June ... Read more ›
0
Most CEOs reporting a 12% decline in quarterly revenues would adopt a sober attitude on their earnings call. Not Elon Musk, who opened Tesla’s analyst call on Wednesday with what sounded suspiciously like a penis joke, and then proceeded to make the rather, er, ambitious prediction that Tesla’s robotaxis would be available to half the U.S. population by the end of this year—“subject to regulatory approvals,” a qualifier that renders... Read more ›
0
Alphabet kicked off earnings season for social media companies with good news from YouTube: the video juggernaut’s advertising revenue rose 13% year over year in the second quarter, beating its growth rate in the first quarter and calming fears that President Trump’s tariffs would be a headwind for social media revenues. Another positive sign: Alphabet CEO Sundar Pichai said that YouTube Shorts now earn as much revenue per watch hour... Read more ›
26
Walmart has hired Instacart chief product officer and head of its online grocery business Daniel Danker to work on AI-related initiatives and lead product management and design at the retail giant, CEO Doug McMillon said in a memo to employees Wednesday. At Instacart, Danker oversaw the company’ ... Read more ›
0
Tesla reported a steep decline in profit and revenue for the second quarter as sales of the company’s electric vehicles continued to fall. The Elon Musk-led automaker’s profit fell 16% to $1.2 billion in the period. Revenue fell 12% to $22.5 billion, according to Tesla’s second quarter report. ... Read more ›
0
Alphabet raised its estimate for 2025 capital expenditures to $85 billion, from its initial estimate of $75 billion, amid what CEO Sundar Pichai called “strong and growing demand for our Cloud products and services.” Pichai revealed the higher capex estimate as the Google parent reported second ... Read more ›
2
As OpenAI tries to raise a record-breaking $40 billion in equity funding this year, it’s getting help from more of its existing investors. Peter Thiel’s Founders Fund and Dragoneer Investment Group have committed to investing more than $1 billion each in the second, $30 billion installment of the round, according to a person who spoke to OpenAI executives. SV Angel, known for its investments in nascent startups, has committed to... Read more ›
33
Amazon Web Services’ cybersecurity practices are getting scrutiny after a hacker recently added malicious code to its AI coding assistant that ordered the software to delete data from customers’ computers, according to a report from 404 Media. The hacker, who reportedly carried out the attack to ... Read more ›
0
The White House released the administration’s long-awaited “AI Action Plan” Wednesday, laying out a blueprint which, if followed, would give AI companies more room to expand with fewer restrictions. The document, which was developed by the Office of Science and Technology Policy and ... Read more ›
0
Slack is the glue that holds OpenAI together: Everyone at the 3,000-person company constantly uses the messaging app to discuss their work, former employees have said.So perhaps it’s no surprise that as OpenAI tried to turn ChatGPT into a core enterprise productivity app that connects to all the other apps people use for work, it wanted customers—and OpenAI employees!—to be able to access their Slack messages and files directly from... Read more ›
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Sonos’ interim chief executive officer is dropping the interim from his title. In a post on X, Conrad said that Sonos’ board of directors had invited him to become the permanent CEO of the maker of internet-connected speakers. Conrad, a longtime Sonos board member, stepped into the interim role ... Read more ›
0
Crusoe, the startup developing a giant data center for OpenAI’s $500 billion Stargate effort, is raising around $1 billion in a bid to join the race to provide computing power for artificial intelligence. The company burst into AI by promising quick access to electricity for power-hungry data centers. Its new effort will leverage that position to build its own data centers and manufacturing equipment and to rent out AI chips.... Read more ›
0
Amazon is closing its artificial intelligence lab in Shanghai due to rising U.S.-China tensions, according to the Financial Times. Wang Minjie, a scientist at the lab, said on the WeChat social networking app that the team was “being dissolved due to strategic adjustments amid US-China tensions” ... Read more ›
0
Chinese tech giant Alibaba Group has launched an open-source artificial intelligence coding model, in a challenge to Anthropic and other U.S. competitors. In a statement released Wednesday, Alibaba touted the new model, Qwen3-Coder, as its most advanced AI coding model to date. The company also ... Read more ›
0
Amazon is acquiring Bee, a startup that develops a wearable AI device for listening to users’ conversations, Bee co-founder and CEO Maria de Lourdes Zollo announced. Bee makes a $50 watch that transcribes daily conversations and summarizes them in a smartphone app. All Bee employees have ... Read more ›
0
If you’re a renter who’s worried you’ll never be able to afford to buy a home, consider looking for ways to get rich quick in the stock market! For instance, investing in an unprofitable, shrinking home-flipping company can be a surprising moneymaker. I’m talking specifically about Opendoor, whose shares are up more than 400% this month. Opendoor, which went public through a Chamath Palihapitiya–backed special purpose acquisition company deal in... Read more ›
0
Most popular sources
Business Insider
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51% 26 |
Tom's Hardware
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9% 1 |
Slashdot
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7% 4 |
Mashable
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6% 5 |
CNET
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4% 0 |
| View sources » | |
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02.11.2025 10:08
Last update: 10:01 EDT.
News rating updated: 17:04.
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