MSCI, a major index provider, said Tuesday that it decided to keep publicly-traded stocks whose primary activities are buying crypto in its global indexes “at this time.” The decision removes for now a potential threat to battered companies like Strategy. The decision was highly watched because ... Read more ›
2
Katherin Lowry, who joined Insight Partners as a vice president in 2022, has filed a lawsuit in a California state court accusing her former employer of wrongful termination and gender discrimination. Lowry says her compensation was cut after taking medical leave from $750,000 to $500,000 in ... Read more ›
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XAI, Elon Musk’s AI lab, said Tuesday it had raised $20 billion from investors including Valor Equity Partners, Stepstone Group, and Fidelity, as well as Nvidia and Cisco. That’s more money than the initial $15 billion the company had targeted, at a $230 billion valuation. At that level, the ... Read more ›
0
Hark, the AI lab that Figure AI CEO Brett Adcock recently founded, has hired over 30 engineers, including Head of Design Abidur Chowdhury, who previously designed phones and laptops for Apple, according to a copy of a memo Adcock sent to senior Figure employees and investors on Tuesday seen by ... Read more ›
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AI companies envision a future in which AI agents, rather than humans, become the primary users of websites such as commerce apps. The idea is that people may be more inclined to ask chatbots like ChatGPT or Gemini to buy a new pack of paper towels or book a hotel for them than to go to individual websites.While some website owners such as Amazon have resisted shopping-related agents, which could... Read more ›
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Amazon has sparked blowback from some small retailers over a feature that displays items not sold on its site in Amazon search results, with some business owners objecting to Amazon not seeking permission before listing their products. Amazon launched the feature, called “Shop Other Stores ... Read more ›
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Nvidia CEO Jensen Huang took the stage at CES on Monday to deliver a volley of announcements—Nvidia published 10 press releases during his keynote! Many of those announcements focused on Nvidia’s work on physical AI, such as autonomous robots and cars, so it was fitting that a pair of Huang’s favorite remote controlled Disney droids accompanied him onstage.The biggest physical AI announcement was Nvidia’s release of Alpamayo 1, an AI... Read more ›
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LMArena, a startup that operates a widely cited ranking of AI models based on their performance, has raised $150 million at a valuation of $1.7 billion, including the new money, according to the company. That’s nearly triple the valuation of its seed funding round, announced in May 2025. The funding round, co-led by existing investors Felicis and the University of California’s investment arm, will help the company pay for computing... Read more ›
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After nearly three years of building its own version of cutting-edge large language models, Amazon has come up with models that offer a reliable, cheap alternative to the flashiest ones made by rivals but don’t fully replace them. That’s true even in Amazon’s own products: Amazon’s Rufus shopping assistant uses a mix of its in-house Nova models and those developed by Anthropic. Kiro, a vibe-coding agent Amazon released in the... Read more ›
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Can anyone catch up with Google in the AI race? That question came to mind on Monday, after Reuters quoted Samsung’s co-CEO talking about his plans to double the number of mobile devices running Galaxy AI, Samsung’s branded AI features backed by Google’s Gemini AI technology, to 800 million this year. (That’s separate to Samsung phones that have the Gemini consumer chatbot preinstalled.) And the two companies are not just... Read more ›
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Nvidia CEO Jensen Huang on Monday announced a new autonomous driving model that aims to help cars reach Level 4 autonomous driving, in which a driver isn’t required to supervise the vehicle. Separately, Huang also announced more detailed specifications for the company’s upcoming next-generation ... Read more ›
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Venezuela-focused stablecoin startup Kontigo said it will repay the $340,000 that was stolen from more than 1,000 of its customers in a hack, according to a statement the company issued on Monday. In a statement published to X, Kontigo said it detected unauthorized access that affected some ... Read more ›
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Polymarket said Monday that it is launching prediction markets on U.S. housing prices, using data from Parcl, a real estate data and trading platform. Users can bet, for example, on the median home value in San Francisco on a given date. The outcome will be based on Parcl’s data. Parcl, backed ... Read more ›
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Goldman Sachs announced today it hired Brian Cayne as a partner and co-head of software investment banking. Cayne co-founded Qatalyst Partners and spent more than 15 years at the technology-focused boutique bank. He most recently led its software practice and advised on deals including Zendesk’s ... Read more ›
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The AI race has ignited a parallel boom in energy that is already revamping U.S. power generation and changing natural gas infrastructure, utility systems and regulation in ways that could last for decades.Natural gas producers are expanding pipelines faster than they have in years, utilities have secured regulatory approval for billions of dollars in spending and power-equipment manufacturers’ backlogs are allowing them to scale up factories.The industries have become powerful... Read more ›
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One of the major trends in the AI industry in the past year was the growth of sovereign AI, the movement by various countries to develop their own domestic AI capabilities to reduce their technological dependence on the U.S. and China. While an increasing number of nations and regions are building their own large language models and AI data centers, Indonesia, the world’s fourth most populous country behind India, China... Read more ›
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In the past two years, Nvidia’s business of selling chips for AI has rocketed into the stratosphere, lifting the company’s revenue to nearly $148 billion in the nine months through October, up from $27.5 billion for the same period in 2023. But CEO Jensen Huang isn’t satisfied. Perpetually worried about threats to his business, Huang has been prodding his team to build a business selling chips and software to design... Read more ›
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There’s no rest for the AI obsessed. Nvidia CEO Jensen Huang kicks off the new year with an appearance at the Consumer Electronics Show in Las Vegas on Monday, where he’s scheduled to speak on Monday. Huang appears so often at events like this that it’s hard to imagine he’ll have much new to say, but you never know. After all, there’s a lot going on in the AI sector... Read more ›
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If OpenAI has its way, nearly one-third of the planet will be using ChatGPT by the start of the next decade. That’s roughly triple its nearly 900 million weekly users, and sounds like an impressive base to build a big advertising and commerce business. But where ChatGPT attracts new users will arguably be as important as how many it attracts. Already, nearly 90% of ChatGPT’s users are outside the U.S.... Read more ›
1
An account on prediction market Polymarket drew attention on social media for correctly building up a position betting Venezuela’s President Nicolás Maduro would be out, making a return of 1,242% in just four days. The account, created in December 2025, spent a total of $32,537 over the ... Read more ›
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09.05.2026 14:42
Last update: 14:35 EDT.
News rating updated: 21:32.
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