CoreWeave is seeking a valuation between $27.4 billion and $32 billion in an initial public offering that come as soon as next week. The company is looking to sell $2.3 billion and $2.7 billion shares in the offering, it said in its amended IPO filing Thursday morning. The company has about 583 ... Read more ›
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SoftBank Group said it would pay $6.5 billion in cash for chip designer Ampere, extending a string of artificial intelligence investments made by the Japanese telecom conglomerate. The two companies already have a close relationship. Ampere, founded and led by former Intel President Renée ... Read more ›
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CoreWeave is planning to sell about $2.5 billion of stock in an initial public offering, a significantly smaller deal than previously expected, and launch its investor road show as soon as Thursday, a person familiar with direct knowledge of the transaction said. The smaller than expected ... Read more ›
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Wow. Elon Musk really is the Pied Piper of investors. Bloomberg reported on Wednesday that the social media firm had raised “close to $1 billion” in fresh equity at a $32 billion valuation. Including X’s debt, that implies a roughly $44 billion enterprise value for the company, which is what it was worth in Musk’s 2022 buyout of the company then called Twitter. Given that X’s revenue last year was... Read more ›
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When I ask creators how they’re using AI, I typically get this response: They’re primarily using ChatGPT or other similar chatbots to talk through ideas or to help them write scripts for brand partnerships or videos. Chris Williamson, the host of the popular podcast Modern Wisdom, is going deeper. He’s hired a software engineer to develop what’s called a RAG, or retrieval augmented generation, system. This involves gathering data on... Read more ›
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Elon Musk’s xAI has joined a consortium that plans to raise $100 billion to develop data centers and power plants for artificial intelligence, the group said on Wednesday. Three firms that previously announced the now-dubbed “AI Infrastructure Partnership”—Microsoft, Blackrock and Abu Dhabi ... Read more ›
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Amazon-backed autonomous driving company Zoox voluntarily recalled software in 258 of its cars after the National Highway Traffic Safety Administration opened an investigation last spring into Zoox’s self-driving car software, according to agency filings. The NHTSA opened the investigation after ... Read more ›
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Nvidia has acquired Gretel, which helps customers create and use data generated by artificial intelligence to develop and test AI applications, according to a report in Wired. The deal valued Gretel higher than its most recent valuation of $320 million, but it was under $1 billion, according to ... Read more ›
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The European Commission said on Tuesday that Google’s parent company, Alphabet, was in breach of the Digital Markets Act, by favoring its own services in Google search results and preventing competition with its Google Play app store. Separately on Tuesday, the Commission said that Apple needed ... Read more ›
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Before OpenAI in January launched Operator, its artificial intelligence that uses the web to plan trips, compile reports and shop online for people, it asked DoorDash to be an official “launch partner” for the new product. DoorDash agreed—but it had a question. In a meeting last fall between the companies, a DoorDash executive asked OpenAI managers to “take this to its logical limit,” according to someone who attended the meeting.... Read more ›
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The U.S. Securities and Exchange Commission is set to drop its lawsuit against Ripple, Ripple CEO Brad Garlinghouse said on X, ending a landmark enforcement case by the regulator. The lawsuit, filed in December 2020 at the tail end of the first Trump administration, was the first ... Read more ›
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Elon Musk’s X has raised nearly $1 billion in new equity at a valuation of about $32 billion, Bloomberg reported. Musk bought extra shares in the round himself, the report said. The fundraising gives X funds to pay down its $13 billion in debt, reducing its heavy interest expense. The ... Read more ›
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Jensen Huang turned Nvidia into the third most valuable company in the world by designing chips that were way ahead of their time. But Huang’s remarks on Tuesday suggest he’s pulling far ahead of some customers, and the growing gap between what he’s selling and what they’re buying could spell trouble.In his keynote speech at the GTC developer conference, Huang talked about Rubin, Nvidia’s latest server chip for artificial intelligence... Read more ›
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As Google attempts to catch up to OpenAI’s ChatGPT, its DeepMind artificial intelligence unit is in a near constant state of flux. Two years after Google merged its two AI units to form Google DeepMind, the unit’s chief, Demis Hassabis, has expanded his purview by adding numerous other teams. He has added oversight of Google’s Gemini chatbot, Google’s AI studio team, which creates software for developers building apps using Gemini,... Read more ›
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Grab Holdings, a Singapore-based ride-hailing and food- delivery company operating across Southeast Asia, is moving ahead with its attempt to take over Indonesian competitor GoTo Group, Bloomberg reported Tuesday. Grab, GoTo and their shareholders are assessing the structure and value of a deal, ... Read more ›
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Elon Musk’s X has been valued at $44 billion by a deal where investors sold existing stakes in the business to other investors, The Financial Times reported. The valuation is in line with the price of X, then called Twitter, in Musk’s debt-backed takeover of the company in 2022. Since then, ... Read more ›
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If at first you don’t succeed, try offering more money. That’s the strategy Google employed to ink its $32 billion deal to acquire cloud cybersecurity startup Wiz, which the two companies announced today. The deal reemerged from the ashes this week after Wiz last summer rejected a $23 billion bid from Google, deciding that it preferred to remain independent and pursue an IPO. I’m told that Google never gave up... Read more ›
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Amazon-backed autonomous vehicle company Zoox applied for a permit with Nevada’s Department of Business and Industry to charge passengers for rides within the state, according to Terry Williams, a spokesperson for the department. Zoox filed the application, which is under review, in mid-January, ... Read more ›
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President Donald Trump has fired the two Democratic commissioners on the five-member Federal Trade Commission, a White House spokesperson confirmed. It’s been nearly 100 years since a president ousted an FTC commissioner over political differences. The Trump administration has been vocally ... Read more ›
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Two astronauts, Suni Williams and Butch Wilmore, splashed down off the coast of Florida after an unexpectedly long, nine-month stay on the International Space Station. The duo made their return to earth, along with two other astronauts, aboard a SpaceX Dragon capsule. Last June, Williams and ... Read more ›
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Most popular sources
Wired
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33% 0 |
Business Insider
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27% 1 |
Gizmodo
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8% 9 |
Vox
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6% 3 |
The Verge
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5% 4 |
| View sources » | |
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01.04.2025 23:24
Last update: 23:16 EDT.
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