If anyone enjoys this holiday, it should be Jensen Huang. Nvidia stock on Thursday closed at $159.34 a share, up 18.6% for the year, giving it a market capitalization of $3.88 trillion. Getting to $4 trillion is within reach. (Remember when passing $1 trillion was a big deal for any company?) Right now, Nvidia is valued only a little below what Alphabet and Meta Platforms are worth on a combined... Read more ›
0
As you might’ve noticed from our latest Creator Economy database update, fundraising by creator startups in the second quarter dropped from the year-ago quarter as well as the first three months of the year. It’s notable though, that investments in startups focused on artificial intelligence and marketing rose over both periods. In fact, funding for creator startups focused on AI topped $500 million last quarter. Nectar Social’s new $8.6 million... Read more ›
0
Safe Superintelligence, the secretive AI lab co-founded by OpenAI co-founder and former chief scientist Ilya Sutskever, confirmed the departure of co-founder and venture capital investor Daniel Gross. Sutskever is now CEO and will continue to oversee the company’s technical team. In a post on X, ... Read more ›
0
Apple over the past few years considered launching a business renting out its servers to the millions of developers that create apps for the iPhone and Mac, in what would be a hugely ambitious move that would pit it against Amazon, Microsoft and Google. The idea discussed was for Apple to rent out servers running on Apple’s own chips, said three people involved in the effort. That reflects Apple’s successful... Read more ›
31
Competition is heating up in the artificial intelligence coding market, as the maker of coding assistant Cursor hired the two leaders of Anthropic’s rival coding product, Claude Code. But both AI firms are growing rapidly as businesses, especially tech startups, go all-in on coding assistant apps rather than hiring more human engineers.For instance, e-commerce marketplace app Gumroad has been heavily using Cursor and Devin, another AI coding app, over the... Read more ›
2
Buyout firm Thoma Bravo has agreed to acquire restaurant software maker Olo for $2 billion, the companies announced on Thursday. Olo shareholders will receive $10.25 per share in cash, a 65% premium on the company’s share price of $6.20 on April 30, the last trading day prior to media reports of ... Read more ›
9
Six months ago or so, when OpenAI and Anthropic projected how much revenue they would generate this year, the figures might have sounded crazy. Not anymore! This week, Natasha and I reported that Anthropic has passed $4 billion in annualized revenue, up from a $3 billion rate it was at just a month ago and about $1 billion at the start of the year. At that growth rate, the company... Read more ›
0
Google’s relations with publishers have suffered lately, as its shift to AI-powered searches has hurt traffic being sent to publishers’ web sites. But Google is now taking steps to curry favor with publishers. In recent weeks, Google staffers on its ad tech unit that helps publishers sell ad space, known as Google Ad Manager, have told publishers they are hiring new staff to market its ad technology to big advertisers... Read more ›
25
The U.S. government lifted its export restrictions on key chip-design software to China, after the two countries last week reached a broader trade agreement. The decision, which comes less than two months after the Trump administration implemented the curbs, is significant for China. Access to ... Read more ›
0
Tesla has halted purchasing components for the Optimus humanoid robot, as the company is making changes to the robot’s hardware and software designs, Chinese tech media LatePost reported Wednesday, citing Tesla suppliers in China. The changes began last month when Ashok Elluswamy, Tesla’s vice ... Read more ›
0
This really isn’t Elon Musk’s week. On Tuesday, President Trump made the (obviously unserious) comment about looking into deporting Musk, who has renewed his criticism of Trump’s Big Beautiful Bill. On Wednesday, Tesla reported that vehicle deliveries fell 13.5% in the second quarter, a slightly greater decline than it sustained in the first quarter. Wednesday’s report suggests the first-quarter auto revenue drop of 20% is likely to be repeated in... Read more ›
2
Ripple has applied to become a U.S. national trust bank, joining the wave of crypto firms that are seeking federal banking charters under the new Trump administration. Ripple, which issues stablecoin RLUSD, said it has applied for a national trust charter with the U.S. Office of the ... Read more ›
0
The rebound for U.S. creator economy startups has once again faded.Funding for these American companies declined 8% to about $678.9 million during the quarter ending in June compared to the same period a year earlier, according to new data from The Information’s Creator Economy Database. Global funding was also down slightly, decreasing 3% to $787.4 million. Read more ›
0
TikTok on Wednesday laid off employees across different parts of its business, including in its trust and safety team in the U.S. and its global e-commerce business TikTok Shop. The layoffs are just the latest in a series of job cuts undertaken by the app over the past year, including at its ... Read more ›
0
OpenAI has increased the amount of compute capacity it plans to rent from Oracle as part of its Stargate data center plan, according to Bloomberg, a sign that the effort, which was announced in January, is progressing. OpenAI plans to rent an additional 4.5 gigawatts of data center capacity from ... Read more ›
0
Khosla Ventures filed securities paperwork indicating that it is targeting a fundraise of $3.95 billion across three new funds, slightly higher than a target reported last fall. The firm, known for its early bets on OpenAI and Instacart, is targeting a flagship fund of $1.95 billion to back ... Read more ›
2
Microsoft is revising its roadmap for its internally developed artificial intelligence server chips and will focus on releasing less ambitious designs through 2028, hoping to overcome problems that have caused delays in development, according to two people with direct knowledge of the situation. Microsoft hopes that by scaling back some of the designs and pushing out the schedule for other AI chips it is already working on, it can develop... Read more ›
0
Meta Platforms CEO Mark Zuckerberg is on a tear in recruiting for a team focused on “superintelligence,” roughly defined as a more powerful version of artificial general intelligence, AI that can handle most of the economic work people do. Here’s a question, though: Why is Meta going after superintelligence?We can understand why Meta, as a major technology developer that has long used AI models for its consumer and advertising products,... Read more ›
3
Tesla’s car deliveries fell 14% year over year in the second quarter, to 384,000 vehicles, the electric carmaker said Wednesday, the latest sign of the struggles facing the company. The drop follows a similar 13% decline in the first quarter and comes as CEO Elon Musk’s involvement with the ... Read more ›
1
Microsoft plans lay off roughly 9,000 jobs across the company, according to someone briefed on the layoffs. The cuts, which affect nearly 4% of the company’s workforce, come just months after Microsoft laid off roughly 6,000 employees in June. This round of layoffs will primarily affect ... Read more ›
2
Most popular sources
Business Insider
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45% 10 |
Wired
|
9% 7 |
Vox
|
8% 6 |
Eurogamer.net
|
7% 6 |
MacRumors
|
6% 2 |
| View sources » | |
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05.11.2025 19:09
Last update: 19:00 EDT.
News rating updated: 02:01.
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