Wow. Wednesday was not a fun day, particularly if you’re a Verizon customer (guilty!), thanks to a widespread cellular phone outage that hit many of its subscribers for much of the day. It also wasn’t fun for tech investors as stocks sold off across the board. What wasn’t uniform, though, was the severity of the selling. Microsoft, Amazon and Meta Platforms each dropped about 2.4%, while Alphabet, nowadays everyone’s favorite... Read more ›
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Thinking Machines Lab, the high-profile startup cofounded by former OpenAI Chief Technology Officer Mira Murati, has removed Barret Zoph, its chief technology officer, according to a person with knowledge of the change. Murati confirmed Zoph’s departure in a post on X and said Soumith Chintala, ... Read more ›
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OpenAI on Wednesday announced a computing partnership with AI chip startup Cerebras Systems. As part of the deal, OpenAI plans to spend 750 megawatts of computing power from the company through 2028, according to an OpenAI blog post. The deal is worth at least $10 billion, and OpenAI also plans ... Read more ›
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The Ohio Carpenters’ Pension Plan sued Oracle, alleging the tech company didn’t properly disclose it would need to raise additional debt to satisfy its roughly $300 billion cloud computing contract with OpenAI when it sold $18 billion in bonds last year. Oracle’s bond offering documents did not ... Read more ›
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Google announced on Wednesday that its Gemini chatbot can now access information from users’ other Google apps, if users opt in. The new feature, dubbed Personal Intelligence, leans into Google’s biggest advantage over rivals like OpenAI: the wide range of data Google has from other areas of ... Read more ›
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The most interesting news in banking is happening in Ohio, but it’s really a Silicon Valley story. Erebor Bank, backed by Silicon Valley powerbrokers such as Palmer Luckey and Palantir co-founder Joe Lonsdale, is gearing up to start operating after getting conditional approval from regulators in Washington last year. In the largely commodity business of banking, Erebor aims to stand out by focusing on crypto and innovative industries such as... Read more ›
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Airbnb hired a onetime Meta Platforms AI leader, Ahmad Al-Dahle, as Chief Technology Officer, as the travel bookings firm grapples with integrating AI features into its operations. Al-Dahle’s role at Meta had been diminished over the past year, after Meta overhauled the team last year ... Read more ›
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The revenue picture for AI startups is brightening, a bit. In just seven months, annualized revenue at “AI native” companies selling AI models or apps has doubled, from $15 billion to more than $30 billion, according to an analysis of 32 companies from The Information’s Generative AI Database.One problem: OpenAI and Anthropic make up nearly 85% of that revenue, while the top 10 companies by revenue—OpenAI, Anthropic, Cursor, Cognition, ElevenLabs,... Read more ›
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Last November, during one of Nvidia CEO Jensen Huang’s five visits to Taiwan last year, he and CC Wei, CEO of Taiwan Semiconductor Manufacturing Co., met with reporters. Wei told the assembled media that Huang had come to ask for more chips, to which Huang, standing next to him, replied: “Yes!” Huang wasn’t the only U.S. tech executive making such requests. In recent months, Broadcom, which places manufacturing orders with... Read more ›
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OpenAI is Microsoft’s most important AI provider and its biggest cloud server customer. But as OpenAI does more business with Microsoft’s cloud rivals, Microsoft is doing more business with Anthropic, OpenAI’s archrival. Microsoft has quietly become one of Anthropic’s top customers and was recently on pace to spend nearly $500 million a year for Anthropic AI to power Microsoft products, according to a person with direct knowledge. At the same... Read more ›
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Chinese AI developer Zhipu on Wednesday released a new open-source AI image model trained entirely with chips from Huawei Technologies. The move is the latest example of how China is ramping up its effort to reduce its dependence on American AI chips and become more self-sufficient in critical ... Read more ›
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The Chinese government this week told companies it would only approve their purchases of Nvidia’s H200 AI chips under special circumstances, such as for university research and development labs, The Information reported on Tuesday. The directive comes roughly one month after President Donald ... Read more ›
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Chinese social media firm Kuaishou Technology said its AI video generator, Kling AI, achieved monthly revenue of $20 million in December, boosting its annualized run rate to $240 million from $100 million in March. Kuaishou’s Hong Kong-listed stock closed up 4.5% on Wednesday following the ... Read more ›
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In a new research paper published this week, DeepSeek’s founder and researchers proposed a new technique that makes AI models more efficient by allowing them to retrieve simple factual information without relying on a compute-intensive process. The technique, called Engram, enables AI models to ... Read more ›
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The U.K. government said it will back an investigation launched earlier this week by its online safety watchdog into Elon Musk’s X over concerns that the social media site’s Grok AI tool allows nonconsensual sexual imagery. “If X cannot control Grok, we will,” U.K. Prime Minister Keir Starmer ... Read more ›
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Anthropic said Tuesday it was moving Mike Krieger, the Instagram co-founder who has been its chief product officer for the past two years, to a new Labs group that will focus on experimental products based on its Claude models. Ami Vora, who joined the AI startup in December after holding senior ... Read more ›
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Maybe Brad Smith should run for office. The Microsoft vice chair and president put his name to a lengthy, detailed document released on Tuesday that demonstrates the tech giant is trying to get ahead of growing grass-roots complaints about the impact of data centers on local communities. Among other things, Microsoft promised to pay enough for electricity it uses in its data centers—including the cost of adding new infrastructure—so that... Read more ›
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A favorite trade of 2020 and 2021—buying into a startup shortly before the company is expected to go public, often through the sale of notes convertible into equity—is bubbling again as more startups inch toward public listings. These convertible notes can act as a strong signal the company is intent on an IPO, well before it files a prospectus. They can also flag that large institutional investors have faith in... Read more ›
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Amazon is cutting what it pays suppliers for products affected by President Trump’s tariffs, the Financial Times reported. Amazon last year agreed to pay more to some suppliers to help them deal with the cost of the tariffs and in an effort to keep the cost of goods on the platform low. But ... Read more ›
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Penske Media, the publisher of Rolling Stone and other entertainment brands, sued Google on Tuesday, alleging that Penske and its subsidiary SheMedia have lost money as a result of what a federal judge ruled last year was Google’s illegal monopoly over the market for advertising technology. ... Read more ›
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09.05.2026 11:14
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