Meta Platforms plans to spend âsomething like at least $600 billionâ through 2028 on data centers and other infrastructure in the U.S., Meta CEO Mark Zuckerberg said on Thursday at a dinner with President Donald Trump and other technology executives. In July, Meta estimated its capital ... Read more âș
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Over the past year, investor Brian Sugar has developed what he considers a âsuperpower,â finding it newly possible to push himself harder than ever before at home, in the gymâand in the office. Whatâs given him this boost? He attributes it to a recently acquired prescription for semaglutide, which places him among a sizable portion of the Silicon Valley elite whoâve come to value GLP-1 drugs as more than just... Read more âș
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Itâs not exactly news that Ozempic, Wegovy and other GLP-1 drugs are catching on, with some surveys showing nearly 12% of Americans have used the weight loss medications. The Informationâs audience seems to be even more gung-ho about taking GLP-1s than the broader population. More than 50% of the respondents to our recent survey on the topic said theyâre currently on a GLP-1 and an additional 4% said they had... Read more âș
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Teslaâs board of directors asked investors to approve a pay package for Elon Musk that would be worth up to $1 trillion over the next decade if he meets several ambitious goals. Teslaâs board proposed granting Musk as many as 423.7 million restricted stock units, which could lift his stake to ... Read more âș
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Joint ventures. Backstop agreements. Syndicated debt offerings. The richest tech companies and their bankers are developing increasingly complicated financial strategies to meet the soaring demands of funding artificial intelligence. The goal for companies like Google and Meta Platforms is to stay ahead in the AI race while offloading some of the costs and risks of the buildout. Meta is raising $29 billion for a joint venture to build a data... Read more âș
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OpenAI said Thursday it plans to launch an artificial-intelligence powered jobs platform to match âAI-savvy employeesâ with businesses. The ChatGPT maker says itâs working with a variety of companies, including Walmart, John Deere, Boston Consulting Group and jobs site Indeed, as well as ... Read more âș
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Anthropic will stop selling its artificial intelligence services to customers that are majority owned by Chinese entities, the Financial Times reported. The decision is part of Anthropicâs effort to prevent China from using the U.S. companyâs AI technology to boost the countryâs military and ... Read more âș
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OpenAI could spend $10 billion next year on the artificial intelligence chip it is co-designing with Broadcom, according to a report in The Financial Times. The report indicated that mass production of OpenAIâs chip would begin next year. During Broadcomâs earnings call on ... Read more âș
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What would you think if Apple set up a company to buy iPhones and then rented those devices back for use by Apple staffers? It would make you wonder, right? Yet thatâs more or less what Nvidia has taken to doing. As we reported today, Nvidia has struck a couple of deals to rent its own chips from Lambda, a cloud startup Nvidia partly owns. Nvidia is paying Lambda a... Read more âș
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Stripe and Paradigm, a crypto venture firm, said they are launching a new blockchain called Tempo focusing on stablecoin payments in the real world, such as payroll and remittances, the latest push by Stripe into crypto payments after acquiring stablecoin infrastructure firm Bridge in a $1.1 ... Read more âș
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The frothiness of the artificial intelligence boom is starting to look like 1999âŠor 2021. Startups are again receiving unsolicited investment interest months or even weeks after announcing a fundraising, sometimes at prices that would more than double their valuation. The latest is Mercor, a startup that helps OpenAI and other AI developers find contractors to help train new models. Mercor has been receiving offers from investors at prices that would... Read more âș
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The U.S. Department of Justice has criminally charged Abraham Shafi, the 38-year-old founder and former CEO of social app IRL, with fraud, including lying to SoftBank and other investors about the companyâs growth. The DOJ also charged him with obstruction of justice for trying to conceal ... Read more âș
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Nvidia has quietly entered into deals worth a combined $1.5 billion to rent its own artificial intelligence chips from Lambda, a smaller cloud provider it already supplies and invests in, The Information reported. The arrangement includes a four-year, $1.3 billion contract for 10,000 Nvidia AI ... Read more âș
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Crypto treasury stocks dropped after The Information reported Thursday that Nasdaq is stepping up its scrutiny of companies that plan to raise capital to buy and hoard crypto. Nasdaq recently told some companies listed on the exchange that under certain circumstances, their shareholders would ... Read more âș
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Broadcom said Thursday that its revenue from designing artificial intelligence chips and related networking equipment rose 63% in the fiscal quarter that ended Aug. 3 to $5.2 billion from the same period last year, beating its earlier projection of $4.4 billion in the quarter. As if that wasnât ... Read more âș
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A small cloud provider for artificial intelligence thatâs preparing to go public has secured a major boost from its most important supplier: Nvidia. The chip giant agreed this summer to rent 10,000 of its own AI chips from the cloud firm, Lambda, for $1.3 billion over four years, and a separate $200 million deal to rent 8,000 more Nvidia chips over an unspecified time frame, according to a person with... Read more âș
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Google CEO Sundar Pichai and IBM CEO Arvind Krishna appeared alongside First Lady Melania Trump at a White House event Thursday focused on using artificial intelligence in education. The eventâa meeting of the White House Task Force on AI Educationâfeatured a panel of government officials and ... Read more âș
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After listening to Salesforce CEO Marc Benioff and his top brass describe their excitement about the companyâs artificial intelligence business for an hour and half on Wednesday, one might have thought they were taking a much deserved victory lap.âEvery single one of our customers is becoming an agentic enterprise,â Benioff said.In reality, his comments during a quarterly earnings conference call came as Salesforce issued a less-than-stellar financial forecast for its... Read more âș
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Elon Muskâs plan to add payments services to X is stalling out amid regulatory problems and executive turnover, The Information reported on Thursday. Adding payments to X was a major part of Muskâs vision to turn the service, formerly known as Twitter, into a WeChat-like âEverything Appâ after ... Read more âș
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Companies like Physical Intelligence or Skild AI that aim to build robots that can handle a variety of tasks out of the box have raised hundreds of millions in funding over the last two years. Now, a startup thatâs taking a different approachâbuilding robots that master one task at a timeâis raising a new round of funding. The startup, Redwood City, California-based Dyna Robotics, is considering multiple investment offers valuing... Read more âș
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Most popular sources
Business Insider
|
33% 13 |
Android Authority
|
10% 7 |
Tom's Hardware
|
7% 16 |
The Verge
|
7% 4 |
Wired
|
7% 4 |
| View sources » | |
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19.12.2025 22:24
Last update: 22:10 EDT.
News rating updated: 05:10.
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