Elon Musk said Tesla plans to double the number of Robotaxis it’s operating in Austin after users of the service said they weren’t able to hail rides or experienced very long wait times. In response to one such complaint, Musk said on X that the Robotaxi fleet in Austin “should roughly double ... Read more ›
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Winter is coming, not just in the seasons but in the crypto market. If the current downturn turns into another crypto winter, it will have a bigger impact on the mainstream financial system than it has in the past. Bitcoin has fallen 30% in less than two months and is down for the year, while other cryptocurrencies have crashed by much more. This has occurred despite the most crypto-friendly regulatory... Read more ›
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On Monday, the President signed an executive order laying out his vision for a “Manhattan Project” for AI. The plan calls for the national labs—the Department of Energy-funded research centers—to work together with AI companies to train AI models based on government science data. For instance, it tasks the Secretary of Energy with assessing the computing resources that “industry partners” could provide to the effort.That collaboration, along with others in... Read more ›
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Eric Trump and Donald Trump Jr. rang the bell at Nasdaq’s New York headquarters in August to celebrate the announcement of a deal that could have netted the family a windfall of hundreds of millions of dollars. The president’s oldest sons were combining their crypto startup, World Liberty Financial, with a publicly traded Canadian company, Alt5 Sigma. “We’re going to change finance forever,” Eric Trump said at the ceremony. Read more ›
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ByteDance bought more Nvidia chips than any other Chinese company in 2025, according to three people with direct knowledge of its purchases. Racing to secure computing power for its billion-plus users and fearing Washington might suddenly cut off supply, the TikTok parent hoarded its stock of the chips. ByteDance’s fears about a supply crunch were well placed—but when the clampdown came, it wasn’t from Washington. In recent months, Chinese regulators... Read more ›
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Taiwan Semiconductor Manufacturing Co. filed a lawsuit on Tuesday against a former 75-year-old senior vice president who left the company in July for Intel, alleging he likely leaked trade secrets to his current employer. The world’s largest chipmaker said that Lo Wei-jen violated a ... Read more ›
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We’re getting close to the year’s end, when reporters’ minds turn to predictions for the new year. So here’s one: I predict sometime soon Nvidia will announce it is investing billions of dollars into Meta Platforms, in exchange for Meta committing to continue using Nvidia’s AI chips. This is just a wild guess, to be clear, but it’s based on how Nvidia has responded to past competitive threats—by throwing money... Read more ›
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To boost ChatGPT revenue, OpenAI is following a playbook enterprise apps Zoom and Slack have used to increase paid users. It’s hooking up most of its users—which now number more than 800 million—with the free version of the chatbot and then trying to convince their employers to sign enterprisewide subscriptions, said a person with knowledge of the strategy. As of July, about 35 million people paid for Plus or Pro... Read more ›
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The holidays are coming up, which means it’s time for another surge in SpaceX share prices. The Elon Musk-founded company is planning to keep up its tradition of a twice-annual tender offer, with the new price expected to be set in December, according to multiple people familiar with the space giant’s plans. It was last valued at $400 billion this summer in a sale of existing shares. At the time,... Read more ›
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Klarna, the Swedish buy-now-pay-later provider, said it will launch a U.S. dollar-backed stablecoin, KlarnaUSD, in 2026, as a way to reduce costs for consumers and merchants. Klarna, which went public in September and has 114 million customers, will use Stripe-owned Bridge to issue the ... Read more ›
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Many chief information officers at large companies are hesitant to put critical parts of their business operations in the hands of AI agents. That’s because when agents go off the rails, the damage can be potentially catastrophic, as one customer of AI coding startup Replit learned this summer after its service deleted the contents of one of his databases without permission. Now, some software providers are updating tools that help... Read more ›
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Nvidia stock fell as much as 6% on Tuesday, following The Information’s reporting that Meta is in talks with Google to spend billions of dollars to put Google’s TPU chips into its data centers in 2027. Shares were down around 3.5% as of midday Tuesday, representing a $150 billion drop in the ... Read more ›
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TikTok has hired former Boeing executive Ziad Ojakli to lead its U.S. public policy operations, replacing outgoing policy lead Michael Beckerman, who announced earlier this year that he was stepping down. Ojakli, who previously served as Boeing’s vice president of government operations and ... Read more ›
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There’s been a lot of talk that AI tools have yet to prove their worth. But if revenue is anything to go by, there's one area where AI tools have undoubtedly provided real returns: software engineering.The collective revenue generated from AI coding tools like Anysphere’s Cursor and Anthropic’s Claude Code has surpassed $3.1 billion. This includes nearly $400 million in annualized revenue being generated from Cognition’s Devin coding agent, a... Read more ›
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Construction lending was a relatively sleepy corner of Wall Street until Oracle stepped up to become one of OpenAI’s biggest cloud providers, leading to a flood of debt to help build new data centers for the database giant. The volume of borrowing is making some lenders leery. Companies building data centers for Oracle have borrowed at least $65 billion this year to help it fulfill a roughly $300 billion cloud... Read more ›
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Chinese tech giant Alibaba Group said Tuesday that revenue from its cloud computing business grew 34% in the quarter through September, thanks to increasing adoption of artificial intelligence in the country. Alibaba’s latest results indicate how Alibaba Cloud, China’s largest cloud service ... Read more ›
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It’s not too often that a controlling shareholder can’t get their way at a public company. But an attempt by the two biggest investors in Grindr to take the gay dating and hookup app private went south on Monday. The reason? They didn’t come up with the money. It’s the latest chapter in a long-running corporate finance saga surrounding Grindr, which is hardly the biggest or most important internet company... Read more ›
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Google is picking up the pace of its efforts to compete directly with Nvidia in the AI chip business. For years, the search giant has rented its own AI chips, known as tensor processing units, to cloud customers who use them in its Google Cloud data centers. Now, though, Google has begun pitching some of those customers—including Meta Platforms and big financial institutions—on the idea of using TPUs in their... Read more ›
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OpenAI launched a new “shopping research” feature Monday, as part of its broader strategy of making ChatGPT into a destination for online shopping. The feature, which is available for free to users who’ve signed up for a free or paid account, is powered by a new GPT-5 mini model that the ... Read more ›
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Grindr, the gay dating and hookup app, said the bid by its two largest shareholders was off the table, due to “continued uncertainty as to the financing for the proposal.” A special committee to its board of directors had been considering an $18 a share bid to take the company private ... Read more ›
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15.03.2026 12:43
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