Oracle has a real problem: It’s committed to building huge chip-filled data centers for OpenAI, but it doesn’t have the cash to do so. So far, the company has moved pretty quickly in the construction of the data center’s physical buildings, but it will soon need to fill those structures with Nvidia chips to power OpenAI’s model training and ChatGPT usage. These chips are the priciest part of assembling any... Read more ›
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For an eventful year, 2025 is ending the same way it started. A year ago, Nvidia, OpenAI and others made it clear they would do everything necessary to win the race for artificial intelligence.The year ended with the same companies doing the same thing. Nvidia capped off a year of dealmaking—mostly to cement its lead in AI chips by agreeing to pay $20 billion to license technology from Groq, one... Read more ›
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Uber has been in talks to acquire parking app SpotHero, a popular service that allows drivers to reserve parking spaces, according to people with knowledge of the discussions. Founded in 2011, SpotHero connects drivers looking to reserve and pay for parking spaces with parking lots, parking garages and valet services. SpotHero raised more than $110 million from investors like Insight Partners and Macquarie Group, most recently at a valuation of... Read more ›
1
Trump Media and Technology Group, the company that operates President Donald Trump’s social media platform Truth Social, said it will issue a new cryptocurrency to shareholders, according to a statement on Wednesday. The planned crypto coin, which the company said will likely be issued in ... Read more ›
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Welcome to the last AI Agenda issue of 2025! Lots went down this year (check out yesterday’s newsletter for a full recap), and we expect things to get even crazier in 2026.Here are my predictions for what’s coming: Read more ›
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Private-equity firm Brookfield is starting its own cloud business, going up against tech giants like Amazon by arguing it can bring down the costs of developing AI. The firm, which has long invested in infrastructure and energy, is becoming the first major investment firm to try to lease chips inside data centers directly to developers, rather than just owning or developing the physical structures that surround them. The cloud business... Read more ›
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MiniMax, a major Chinese AI startup that develops foundation models, aims to raise as much as 4.19 billion Hong Kong dollars ($538 million) in its initial public offering, according to the firm’s latest filings on Wednesday. Cornerstone investors in MiniMax’s Hong Kong IPO include Abu Dhabi ... Read more ›
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Talk about stepping on your own news. Tesla put out an unusual statement on Tuesday, detailing the number of cars that 20 Wall Street analysts expect the electric vehicle maker will deliver annually through 2029. Tesla said it “does not endorse” any of the information, mind you, which raises the question why it bothered to publish the summary. We can guess why: Tesla doesn’t want anyone to be shocked by... Read more ›
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Welcome back! Nvidia’s Christmas Eve deal for Groq made for a happy holiday for the AI chip startup’s investors and employees, who were paid out at a very festive $20 billion valuation. That hasn’t always been the case for license-and-hire deals, where a buyer takes a startup’s technology and most of its staff, and leaves a stub of the company, and some of its employees, behind. Nvidia licensed Groq’s technology... Read more ›
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Tesla has shared a consensus it compiled of analyst predictions for how many vehicles it will deliver this quarter, an unusual move for the electric automaker. Notably, the consensus implies analysts expect a 15% year over year drop in the number of vehicles Tesla will deliver in the fourth ... Read more ›
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Elon Musk’s xAI has bought a building for a third supersized data center it’s planning outside Memphis, Tennessee, in pursuit of the company’s goal of getting 1 million chips online to power its artificial intelligence models, according to property records and a person with direct knowledge of the project. The expansion plan shows xAI is doubling down on its strategy of building, running and powering its own data centers, even... Read more ›
3
Wall Street’s latest push into private markets may give individual investors and their 401(k) accounts access to shares of unicorns like SpaceX and OpenAI. It may also allow them to add billions of additional dollars to the liquidity trap currently plaguing more sophisticated investors. Private markets have suffered from illiquidity, not lack of capital. Money goes in but rarely comes out. There is $3.7 trillion locked in venture-backed unicorns alone.... Read more ›
9
Citigroup will lose $1.1 billion on the sale of its remaining operations in Russia, the bank said in a securities filing Monday. The U.S. bank is selling its business to Renaissance Capital, one of Russia’s oldest investment banks. Citi said it plans to complete the divestment in the first half ... Read more ›
0
Meta Platform’s announcement on Monday that it has acquired Chinese agent startup Manus represents a big win for Manus’ backers, including Benchmark, ZhenFund and HongShan, who last invested in Manus in an April funding round that valued it at $500 million. Meta is paying more than $2 billion, my colleague Juro Osawa has reported (as have other outlets).That’s a huge gain on an eight month old investment. The deal also... Read more ›
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Meta Platforms’ deal to acquire the Singapore-based startup behind Manus, a popular AI agent, values it at more than $2 billion, according to a person with direct knowledge of the deal. This gives the startup’s venture capital backers an exit with handsome returns less than a year after the ... Read more ›
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As AI has completely consumed the tech industry, Apple has held back from the colossal investments in the technology its peers have been making. Wall Street, pundits and media outlets have criticized and chronicled Apple’s stumbles and seeming lack of urgency in the AI arms race. That includes us. But I would like to propose another possibility: that 2026 could vindicate Apple’s decision to stay out of the fray. Read more ›
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The dealmakers of the AI sector didn’t take a break this holiday season. Meta revealed this afternoon it had bought Manus, the Singapore-based developer of AI agents. The price wasn’t disclosed but seeing as Manus’ last fundraising valuation was $500 million, Meta might have spent $2 billion or so but not hugely more than that. (More on Manus here and here). SoftBank, meanwhile, today unveiled a $4 billion buyout of... Read more ›
0
Meta Platform is acquiring Manus, an artificial intelligence agent that went viral earlier this year and got financial backing from Benchmark, in the U.S. tech giant’s latest move to expand its AI offerings. The deal will give Manus, operated by a Singapore-based startup called Butterfly Effect, ... Read more ›
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With warnings of an AI bubble looming and studies suggesting most generative AI pilots never make it into production, many executives are asking the same thing: We’re spending so much on AI—why aren’t we seeing real returns? A major reason, experts say, is that employees still aren’t adopting AI at scale. To explore how companies can change that, The Information’s Kevin McLaughlin spoke with three leaders who focus on AI... Read more ›
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Nvidia completed its $5 billion investment in Intel, according to an Intel securities filing. As previously disclosed, Nvidia bought 214.8 million shares in Intel at $23.28 apiece. The AI chip giant and Intel announced the investment in mid-September, as part of a joint effort to develop “custom ... Read more ›
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04.05.2026 00:43
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