The wave of so-called AI neolabs seeking breakthroughs they think incumbents like OpenAI will miss continues to rise. Core Automation, an AI startup founded by former senior OpenAI researcher Jerry Tworek in recent weeks, aims to raise between $500 million and $1 billion in funding, according to a person who has spoken with the company. He wants to develop AI models using methods that major firms such as OpenAI and... Read more ›
22
The fast-growing business of trading U.S. stocks as crypto tokens is enabling overseas investors to buy and sell shares of companies such as Tesla and Nvidia. The $1 billion industry relies on one little-known brokerage. Alpaca, a San Mateo, Calif.–based broker-dealer, maintains custody of nearly three-quarters of the market because few other brokers are willing to do the trades, which can open them to regulatory risks, such as potentially violating... Read more ›
6
Why wait for the mega AI initial public offerings expected later this year when you can invest in a nuclear fusion company or a MAGA crypto bank? These companies and other not-ready-for-IPO names are coming to the markets via special purpose acquisition companies.After SPACs vaporized billions of dollars during the boom-and-bust cycle early this decade, speculators are again using them to peddle risky startups in hot industries. The current upturn... Read more ›
11
A year ago, OpenAI CEO Sam Altman wrote in a blog post that he expected 2025 to bring the first AI agents that could join the workforce and “materially change the output of companies.” Altman, like so many other AI leaders at the time, was being overly optimistic.As my colleagues Kevin and Sri have reported, OpenAI’s ChatGPT Agent, a product it launched in July to complete tasks on ChatGPT subscribers’... Read more ›
0
Amazon announced on Wednesday that it was laying off 16,000 employees. The layoffs follow earlier layoffs in October, when Amazon said it was laying off approximately 14,000 corporate employees. Amazon said the latest layoffs continue on efforts to reduce layers and remove bureaucracy and that ... Read more ›
1
Anthropic’s launch of Cowork, an AI-powered tool that takes over a computer to handle workplace tasks involving numerous applications, from Microsoft Office apps to Slack, has reverberated through Microsoft’s ranks. In the days following the launch this month, Microsoft product leaders told colleagues that Cowork seemed like a competitor to 365 Copilot, a suite of AI features for Microsoft’s apps that aims to automate tasks such as generating documents or... Read more ›
1
China has approved imports of the first batch of Nvidia’s H200 AI chips, according to Reuters, citing two people familiar with the matter. The approval was granted as Nvidia CEO Jensen Huang visits China this week, after weeks of uncertainty whether and at which scale Beijing will allow the ... Read more ›
0
Anthropic, in December, projected to generate as much as $18 billion this year, about 20% more than its summer forecast, and $55 billion next year. The company expects to generate as much as $148 billion in 2029 in its most optimistic projections– about $3 billion more than what OpenAI projected ... Read more ›
15
Apple Chief Executive Tim Cook said he was “heartbroken by the events in Minneapolis” and called for a “deescalation” in an internal message to employees following Saturday’s fatal shooting by federal immigration agents. The message was first reported by Bloomberg. “This is a time for ... Read more ›
0
SoftBank is in talks to invest an additional $30 billion in OpenAI, The Wall Street Journal reported on Tuesday. An investment of that size would add to its more than $30 billion investment in the ChatGPT maker, likely cementing its role as the biggest shareholder. The talks are part of an ... Read more ›
49
C3.AI, founded by tech industry veteran Thomas Siebel, is in talks to merge with privately held startup Automation Anywhere, which will effectively go public in the deal, according to people familiar with the discussions. C3.AI, which sells AI to large companies and government agencies, was the first branded AI stock when it went public in 2020. It has struggled for several years amid the rise of generative AI and its... Read more ›
6
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 ›
42
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 ›
0
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 ›
0
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 ›
0
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 ›
2
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 ›
0
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 ›
45
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 ›
0
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 ›
0
Most popular sources
Financial Times
|
0% |
UK Tech News
|
0% |
Tech.eu
|
0% |
MacRumors
|
0% |
Mobile ID World
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
09.05.2026 07:24
Last update: 07:15 EDT.
News rating updated: 14:12.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.