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 ›
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Darshan Kantak, senior vice president of revenue product at Snap, the maker of Snapchat, is leaving the company, a Snap spokesperson confirmed. His departure comes two weeks before Snap is scheduled to report second quarter earnings, when its ad sales performance will be in the spotlight. In ... Read more ›
0
Earlier this year, uncertainty stemming from the Trump administration’s tariffs seemed poised to hurt advertising demand. But those worries seem to have faded during the second quarter as President Trump postponed tariff deadlines. In fact, ad spending growth accelerated for Meta Platforms, YouTube, Google’s paid search advertising and sponsored products on Amazon during the three month period ending in June, according to estimates from a new report from Tinuiti. The... Read more ›
0
We’ve written a lot lately about the hefty stock packages companies like Meta Platforms, OpenAI and others are dishing out to recruit artificial intelligence researchers. Outside AI, many private company CEOs are also recalibrating how they use shares to keep and reward people. Take, for instance, Armis. The nine-year-old cybersecurity startup has recently completed a $100 million buyback of shares held by current employees, funded by new and existing investors,... Read more ›
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Meta Platforms has hired three more artificial intelligence researchers from Google DeepMind as Meta CEO Mark Zuckerberg continues his aggressive efforts to recover from stumbles earlier this year with an unprecedented AI recruiting push. The latest hires—Tianhe Yu, Cosmo Du and Weiyue Wang—worked on a version of Google’s Gemini model that the search giant this week said had solved problems in this year’s International Math Olympiad at a level that... Read more ›
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Salesforce, Figma and other enterprise app firms have responded to a potential threat from artificial intelligence startups by limiting the startups’ access to customer data or files, even if the customers themselves give permission. But Aaron Levie, CEO of file storage firm Box, which turns 20 this year, says his company has no intention of following Salesforce’s move.“Fundamentally, it’s our customers’ data, and we are the platform for helping them... Read more ›
4
Elon Musk’s xAI is turning to loyal backer Valor Equity Partners to raise $12 billion for purchasing artificial-intelligence chips it would then lease to the AI company, the Wall Street Journal reported. The Valor deal would help xAI expand its access to high-powered chips as it competes with ... Read more ›
1
The Trump administration is trying to look for alternatives to Elon Musk’s SpaceX for its “Golden Dome” missile defense project, Reuters reported Wednesday. U.S. officials have spoken with other companies including Amazon, which is launching satellites for its Project Kuiper satellite internet ... Read more ›
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Ever since researchers began noticing a slowdown in improvements to large language models using traditional training methods, they’ve shifted to reinforcement learning, a technique that rewards a model for accomplishing certain goals and penalizes it for other behaviors, as we covered last week.That typically means human experts giving feedback on model outputs or showing a model examples of tough questions and answers in fields like software engineering, biology and medicine—essentially,... Read more ›
5
Earlier this year, the Apple team working on the company’s artificial intelligence models wanted to release several of them as open-source software. Doing so would have shown Apple’s technical progress in AI while also harnessing the help of outside researchers to improve the models. Still, it also would have revealed to the public how dramatically the performance of the models dropped when Apple shrunk them to fit on iPhones, compared... Read more ›
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OpenAI and Oracle said Tuesday that they agreed to develop an additional 4.5 gigawatts of data center capacity in the U.S., increasing their earlier agreement ninefold. The deal comes as other artificial intelligence developers including xAI and Meta Platforms tout their plans for big clusters ... Read more ›
0
Will Microsoft dock Satya Nadella’s pay again this year? The software giant faced the latest in a seemingly endless string of security breaches over the weekend, when it told customers that hackers were exploiting a flaw in its SharePoint file-sharing software. According to a statement by cybersecurity firm Palo Alto Networks, the fact that SharePoint is integrated with Microsoft’s other services, such as Office, Teams and Outlook, makes the hack... Read more ›
0
A joint venture between OpenAI and SoftBank to develop $500 billion worth of data centers for artificial intelligence is off to a slow start. The companies have scaled back their initial plans due to disagreements and may only develop a small data center by the end of the year, according to the ... Read more ›
1
Fidji Simo, the former Instacart CEO and former OpenAI board member, will take up her previously announced post as CEO of OpenAI’s Applications on Aug. 18, she said in a post on X on Monday. In an accompanying blog post, Simo shared her thoughts on the promise of AI, including its potential to ... Read more ›
0
CoreWeave said Monday it would raise $1.5 billion in debt, two months after it raised $2 billion to help refinance existing debt. The artificial-intelligence chip rental company has soared more than 200% in trading since its March initial public offering, when it came to the stock market ... Read more ›
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Blackstone withdrew from a consortium of investors looking to invest in TikTok’s U.S. operations, Reuters reported. The move comes amid ongoing uncertainty around the timing of a deal and multiple delays from the Trump administration via executive orders. A Blackstone spokesperson did not ... Read more ›
0
Crypto custody firm BitGo said on Monday it has confidentially filed for an initial public offering, the latest crypto company rushing to go public as investors embrace digital asset-focused companies. Founded in 2013, BitGo is one of the largest U.S.-based firms that offer custody services to ... Read more ›
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Microsoft warned customers over the weekend that hackers were exploiting a previously undiscovered security flaw in its SharePoint file-sharing software and urged them to update their software to fix the vulnerability. The flaw impacts versions of SharePoint that customers run locally on their ... Read more ›
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I’m back from the International Conference on Machine Learning in Vancouver, one of the biggest annual meetups for artificial intelligence researchers. And this year, the conference underscored all the ways in which large language models are still falling short of everyone’s expectations, despite the immense progress that got us to this point.Researchers even called into question some of the most promising techniques that have gained popularity over the last year,... Read more ›
0
Figma set a tentative pricing range for its initial public offering of between $25 and $28 a share, which on a fully diluted basis translates to between $14.6 billion and $16.4 billion. That’s below the $20 billion at which Adobe was proposing to buy Figma, back in 2022, a deal that was ... Read more ›
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After two blockbuster tech initial public offerings, investors are positively drooling over Figma’s upcoming listing. The design software company is expected to launch into a surprisingly hot market for tech offerings led by CoreWeave and Circle, which are up more than 200% and 600%, respectively, since they started trading. Figma boasts blazing-fast sales growth: 46% in the first quarter, outshining the rest of the software industry. It has grown into... Read more ›
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02.11.2025 17:51
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