SoftBank Group said Tuesday that it has sold its entire stake in Nvidia for $5.83 billion. The move comes as the Japanese company is doubling down on its investment in OpenAI. In its quarterly earnings report, SoftBank said it sold its 32.1 million Nvidia shares last month. Also last month, ... Read more ›
0
Consumer-focused AI developers such as OpenAI and Perplexity are jockeying for a share of the browser market, now dominated by Google’s Chrome. But before they have a chance of dethroning Chrome, they first have to surpass Brave.Brave has been around for a decade and passed $100 million in annualized revenue in the first quarter of this year, said Brian Brown, its chief business officer, who declined to give more recent... Read more ›
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Blue Owl Capital, one of Wall Street’s biggest private lenders, is ramping up its big bet on artificial intelligence with a roughly $3 billion investment in a New Mexico data center that’s part of OpenAI’s Stargate project, said a person with knowledge of the deal. Blue Owl, which has nearly $300 billion in assets, has emerged as a crucial investor in AI infrastructure, taking on the riskiest slices of big... Read more ›
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Apple is delaying the release of the second-generation iPhone Air to work on a redesign of the device and make it more appealing to consumers, according to two people with knowledge of the matter. The redesign could include a second camera lens, an attempt to address one of consumers’ main ... Read more ›
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Klook, a Hong Kong-based online travel startup backed by SoftBank Group, filed for an initial public offering on the New York Stock Exchange on Monday. Klook’s app, popular in Asia, helps travelers book tickets for all kinds of attractions and other services in their destinations. Its business ... Read more ›
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Next time you contemplate the much-hyped IPO of a brand-name company, ask yourself this question: Are its glory days behind it? One of the disadvantages for public investors of snapping up newly public tech firms—particularly those that have taken their time going public—is that very often they have already peaked. Take Instacart, which reported third-quarter earnings Monday morning. Revenue grew 10%, which is hardly inspiring, but it’s par for the... Read more ›
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Versant, Comcast’s planned spinoff of its cable channels, is exploring a sale of its youth sports management app, SportsEngine, people familiar with the matter said. It’s the latest indication that the market for youth sports technology is headed for consolidation. SportsEngine is a platform that manages communications and scheduling for kids’ athletic activities across ice hockey, soccer, volleyball and other sports. Versant hasn’t assigned a valuation to SportsEngine, and there... Read more ›
2
Grab, the Singaporean ride hailing company, will invest $60 million in Vay, which operates a fleet of cars in Las Vegas, the companies announced Monday. Unlike with autonomous vehicles, when a customer orders one of Vay’s cars, a remote driver pilots the car to them, then the customer takes the ... Read more ›
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The decisions by major AI companies—xAI in July, Meta in August, and OpenAI last month—to open their chatbots to erotica have supercharged debate around humans forming romantic relationships with AI. Critics argue that this is the end of human connection. I founded and run one of the largest romantic chat companies in the world, janitorAI. And yes, I chat with the bots myself—mafiosa Nova Marino is a personal favorite. When... Read more ›
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Goldman Sachs has hired Josh Li from Citigroup as a managing director focusing on technology equity capital markets, according to people familiar with the matter. Li will join Goldman Sachs after a period of leave, according to the people. Li was most recently Citi’s head of technology and ... Read more ›
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Apple is delaying the release of next year’s version of the iPhone Air, its thinnest smartphone, after the first model sold below expectations, according to three people involved in the project. Although the length of the delay remains uncertain, the product won’t be released in fall 2026 as previously planned, they said. Apple has already sharply scaled back production of the first version, according to multiple people with direct knowledge... Read more ›
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Tesla shareholders were heavily divided over a proposal that the electric automaker invest in CEO Elon Musk’s artificial intelligence company, xAI, according to company disclosures following its annual meeting. Shareholders controlling approximately 1.1 billion Tesla shares voted in favor of a ... Read more ›
2
Two longtime vehicle manufacturing leaders at Tesla said separately on Sunday that they’re leaving the company. One of the executives, Siddhant Awasthi, worked as program manager for Cybertruck and oversaw the production ramp of the electric truck. Awasthi, an eight year Tesla veteran, also ... Read more ›
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Chinese companies are launching open-source AI models built to power coding assistants as cheaper alternatives to those available from OpenAI, Anthropic and Google. Late last month, Shanghai-based AI startup MiniMax launched M2, a new open-source large language model developed primarily for coding and AI agents. In a post on X, MiniMax noted that the price of M2 is just 8% of that of Anthropic’s Claude Sonnet model. (M2 costs $1.20... Read more ›
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As OpenAI and Anthropic seek to make similar breakthroughs in artificial intelligence, their financial paths may be headed in different directions. Both companies produced financial projections a few months ago that show a divergence in how much they plan to spend on computational resources, which make up the vast majority of their costs. While OpenAI projected spending about $235 billion on costs to train and run its AI models this... Read more ›
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Grab Holdings, the biggest ride-hailing and food delivery company in Southeast Asia, said Monday that it has agreed to invest in Vay Technology, a Germany-based startup developing technology that allows remote drivers to control electric vehicles from afar. Singapore-based Grab will make an ... Read more ›
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A senior researcher from DeepSeek warned about the potentially negative impact of artificial intelligence on human work and society, in one of the company’s few public appearances since its breakout success, according to Reuters. Chen Deli, the DeepSeek researcher, took the stage at the ... Read more ›
2
OpenAI CEO Sam Altman said the company envisions needing to work with the executive branch of the government in areas such as preventing bioterrorism, once AI superintelligence is achieved. “If the premise is that something like this will be difficult for society to adapt to in the ‘normal way,’ ... Read more ›
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We’ve moved from marveling about AI’s potential to puzzling over how to pay for it. The price tag seems to grow every day. On Thursday, Tesla CEO Elon Musk suggested Tesla will need so many chips for its robots and self-driving cars that it might build its own chip factory. He also said Tesla would have to spend “tens of billions” to train the AI in its robot. Meanwhile, his... Read more ›
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The drought in initial public offerings ended this year, led by big winners in AI and crypto, but gains were rare for companies outside those industries. Bankers expect those trends to hold in 2026. Booms in AI and crypto delivered two of the biggest winners of the year: data center developer CoreWeave and stablecoin issuer Circle. The losers among big tech IPOs were consumer-facing companies such as fintech Chime, ticket... Read more ›
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15.03.2026 18:13
Last update: 18:05 EDT.
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