In recent weeks, Meta Platforms has probably generated more buzz from hiring two executives and 14 artificial intelligence researchers—mostly from OpenAI—than from its prior AI efforts altogether. Meta CEO Mark Zuckerberg on Monday officially announced 11 of those researcher hires as part of a new organization, Meta Superintelligence Labs.The names might not ring a bell to most readers. But given how the market for AI talent has intensified recently, these... Read more ›
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The Senate has voted to drop a provision from President Trump’s signature tax and spending bill that would have blocked states from regulating AI, ending a controversial measure that several Silicon Valley leaders had been pushing for. The provision was initially designed to prevent states from ... Read more ›
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Cato Networks, an Israel-based seller of network security software, announced Monday that it raised $359 million in funding at a valuation of more than $4.8 billion. About a third of the round, or roughly $120 million, came from a secondary sale by employees, according to media reports on ... Read more ›
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Venture capitalists are taking their biggest swings at the startups they’ve previously backed. The total value of U.S. venture funding rounds led by investors that previously invested in the startups topped $69 billion as of mid-June, according to PitchBook. That’s already higher than the $67 billion volume of insider-led rounds for all of last year. If the pace continues, insider-led rounds will beat the record set in 2021 at the... Read more ›
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Elon Musk’s xAI raised $5 billion of equity in addition to $5 billion in debt, according to Morgan Stanley, which advised on the debt transactions. “The combination of debt and equity reduces the overall cost of capital and substantially expands pools of capital available to xAI,” Morgan Stanley ... Read more ›
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Start your timer. Meta Platforms CEO Mark Zuckerberg on Monday unveiled the company’s new artificial intelligence organization—Meta Superintelligence Labs—replete with heavyweights from Silicon Valley. This new org is the product of a massive spending spree by Zuckerberg to snag the best AI talent possible in hopes of turning around Meta’s recent AI slump. The end result is a team that, without being too cynical, feels highly combustible. Don’t be surprised... Read more ›
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A federal judge denied Apple’s motion to dismiss the Justice Department’s antitrust lawsuit against the iPhone maker, ruling that the government’s lawsuit had “sufficiently alleged indirect evidence” showing that Apple has monopoly power in the smartphone market. Among other things, Apple had ... Read more ›
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Stablecoin issuer Circle, which went public in a blockbuster IPO early June, said Monday it has applied with a U.S. banking regulator to establish a national trust bank. The application comes as proposed stablecoin legislation requiring that big stablecoin issuers secure licences with ... Read more ›
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Apple is in talks with artificial intelligence leaders Anthropic and OpenAI to boost Siri, Apple’s languishing AI assistant, according to Bloomberg. Apple was caught off guard with the release of OpenAI’s ChatGPT in late 2022 and has been trying to catch up. Last year, it promised an improved ... Read more ›
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Microsoft sales chief Judson Althoff will take a two month sabbatical beginning in July, a spokesperson said on Monday, and plans to return in September. Althoff’s leave comes as Microsoft is preparing to announce thousands of layoffs that will impact its sales division this week. Those layoffs ... Read more ›
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A tussle is brewing between software firms and artificial intelligence startups over access to business customers’ data. The popularity of Glean, an AI tool workers use to search for corporate files and data across all of the apps they use, has prompted enterprise software firms like Salesforce, Atlassian and Notion to introduce similar AI search features or throttle Glean when it connects to their apps, or both. Read more ›
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Meta Platforms CEO Mark Zuckerberg on Monday announced its new artificial intelligence organization, Meta Superintelligence Labs, to its employees, according to an internal post reviewed by The Information. The organization includes Meta’s existing AI teams, including its Fundamental AI Research ... Read more ›
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Temu has resumed buying Meta Platforms and Google ads in the U.S., several months after the Chinese bargain site slashed virtually all of its digital ad spending in the country. Temu, which had been a major digital ad buyer in recent years, pulled back sharply in April after President Donald ... Read more ›
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Oracle said it had signed a cloud services deal with a customer that was expected to contribute more than $30 billion in annual revenue starting in fiscal 2028. That amount is more than Oracle’s $24.4 billion in cloud services revenue for fiscal 2025, which ended May 31. In a securities filing, ... Read more ›
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The overarching narrative of the past two years has been that AI models are getting cheaper for customers. Just take a look at this chart, showing how the cost of purchasing access to a GPT-4 level AI model from OpenAI has dropped more than 85% since it was released in early 2023. And that’s without getting into the rise of cheap, open-source AI like DeepSeek which offers more low-cost alternatives... Read more ›
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Until recently, it seemed video streaming had a channel for every taste. Fans of the 1970s Western drama “Little House on the Prairie,” for instance, could spend time on the channel by the same name watching old episodes. The same is true for the 1980s crime drama “Murder She Wrote” and the 1950s Western “Gunsmoke”—each of these shows have free streaming channels dedicated to them. Things are changing. After a... Read more ›
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OpenAI’s Chief Research Officer Mark Chen sent a memo to staff on the weekend promising that the company was aggressively responding to poaching efforts by Meta Platforms, according to a report in Wired magazine. The memo came as The Information reported Saturday that Meta had hired four more ... Read more ›
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President Trump said “we have a buyer for TikTok” which he’ll identify in about two weeks, adding it was a “group of very wealthy people.” Trump made the comments in an interview with Fox News that aired on Sunday. He acknowledged that he needed the approval of the Chinese goernment but said he ... Read more ›
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Elon Musk called the latest Senate version of President Trump’s Big Beautiful Bill “utterly insane and destructive” that “will destroy millions of jobs in America and cause immense strategic harm to our country!.” In posts on X, Musk renewed an attack on the bill, which cuts off tax credits to ... Read more ›
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As OpenAI pitches its artificial intelligence to big companies and government agencies, it’s taking a page from the playbook of many software firms by offering in-house researchers and software engineers to customize AI for customers. OpenAI is adding staff and resources for a consulting-like service, in which its engineers guide customers through a process known as fine-tuning. To get the consulting help, OpenAI is typically requiring customers to spend at... Read more ›
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Most popular sources
Business Insider
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42% 24 |
Wired
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19% 17 |
Gizmodo
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8% 1 |
MacRumors
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7% 6 |
Vox
|
4% 1 |
| View sources » | |
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05.11.2025 06:12
Last update: 06:06 EDT.
News rating updated: 13:06.
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