In my hometown of Memphis, Tenn., Elon Musk’s xAI is a big topic of conversation for the second holiday season in a row thanks to the two gigantic data centers the company has opened here. The multibillion-dollar facilities have sparked a lot of local opposition because they’re being powered by gas generators that emit air pollution. In response, xAI has ramped up efforts to convince Memphians it’s a good neighbor.... Read more ›
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Waymo on Tuesday provided further details about its decision on Saturday to temporarily pause its robotaxi service in San Francisco amid a citywide power outage that caused its driverless cars to stall traffic. The company said it made the decision so its vehicles wouldn’t obstruct first ... Read more ›
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Binance, the world’s largest crypto exchange, said it will start offering users up to 20% annualized yield on USD1, the stablecoin issued by President Donald Trump’s family crypto venture World Liberty Financial. The promotion on Binance, set to last for a month, is designed to help drive ... Read more ›
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Private equity firms sold $3.5 billion of general partner stakes through the end of October, on pace to set a record, the Wall Street Journal reported Wednesday, citing data from PitchBook. The GP stakes give outside investors a slice of investment firms’ profits and management fees. More ... Read more ›
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Anjney Midha, a former Andreessen Horowitz general partner, is in discussions to secure more than $10 billion in capital for a coalition connected to his new venture, AMP, according to someone familiar with the deal. The coalition, which includes both strategic and financial partners, aims to ... Read more ›
1
Nvidia has stopped testing an Intel process to manufacture its chips, Reuters reported, driving Intel’s shares down. Nvidia was recently testing an Intel production process known as 18A but decided to stop moving forward with the efforts, Reuters reported, citing two people familiar with the ... Read more ›
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The best prediction for 2025 would have been predicting the soaring growth of prediction markets. My prediction for 2026 is it will be a tough year for prediction markets.My colleagues Sara Germano and Yueqi Yang chronicled the stunning rise of these markets last weekend. They focused on the dramatic growth in sports betting and the tumult this has caused in college and professional sports. That’s one piece of the story—there... Read more ›
2
Two Chinese AI startups are vying to be the first publicly traded AI model providers in the global stock market, ahead of expected future initial public offerings from OpenAI and Anthropic. The Chinese firms’ IPO filings offer a window into the hardship facing smaller AI firms that don’t have older cash-cow businesses.Shanghai-based MiniMax Group and Beijing-based Knowledge Atlas Technology, better known as Zhipu, both recently received regulatory approval to go... Read more ›
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OpenAI executives have kept a tight lid on how the company could show advertisements to users of its popular ChatGPT chatbot, leaving the broader digital ad industry eager for clues. Behind the scenes, staff are working through key details. Employees have discussed ways to tweak AI models to prioritize sponsored information in ChatGPT’s responses when users ask relevant queries, a person familiar with the discussions said. For instance, a Sephora-sponsored... Read more ›
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Snowflake is in talks to buy app monitoring startup Observe Inc. for around $1 billion, which would likely be the biggest deal in Snowflake’s history, The Information reported Tuesday. Observe, based in San Mateo, Calif., sells so-called observability tools that help developers to ... Read more ›
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The U.S. will impose new tariffs on Chinese semiconductor imports in June 2027, the Trump administration announced on Tuesday. Those tariffs will stay at zero for the next 18 months, giving American companies a grace period before costs rise. The decision to hold off on imposing the chip tariffs ... Read more ›
0
Motive Technologies, whose software helps companies in industries such as logistics and construction manage their physical operations, grew its revenue by 22% to $327 million in the nine months ended September 30th, the company revealed Tuesday in a securities filing ahead of its planned initial ... Read more ›
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When Bloomberg reported earlier this month that ServiceNow was considering an acquisition of the cybersecurity startup Armis for more than $7 billion, shares of the enterprise software firm fell 11%, erasing $20 billion in market capitalization.But ServiceNow gritted its teeth and signed the deal anyway, as it announced Tuesday. Read more ›
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Motive Technologies, which makes AI-powered subscription software for companies to manage their physical operations, grew its revenue by 22% to $327 million in the nine months ended September 30th, the company revealed Tuesday in a now-public regulatory filing ahead of its planned initial public ... Read more ›
0
The eye-popping $100 billion of capital OpenAI wants in a new funding round has everyone wondering where that kind of cash might come from. The round would value the company at about $750 billion prior to the cash infusion, we’ve reported. U.S. financial investors—including big retail fund managers that back private startups—are likely to supply just a fraction of the total, say $10 billion, because even those with hundreds of... Read more ›
3
Snowflake is in talks to buy app monitoring startup Observe Inc. for around $1 billion, which would likely be the biggest deal in Snowflake’s history, according to people with knowledge of the discussions. Observe, based in San Mateo, Calif., sells so-called observability tools that help developers to understand how their applications are performing and allows them to spot disruptions and outages. The deal would bring Snowflake into closer competition with... Read more ›
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On Friday, Aaron and Kevin’s article about Salesforce calling out the ingrained limitations of large language models struck a major nerve, as have our other in-depth articles about Salesforce AI challenges this year.Business people saw the piece as further evidence that marketing of generative AI got ahead of what the technology could actually do. Software engineers largely responded to us (and on X) with some version of “duh, how is... Read more ›
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The U.S. Department of Defense will add xAI’s Grok to its artificial intelligence service for military and civilian employees early next year, the department said, alongside models from other AI firms. The service, called genAI.mil, launched earlier this month with only Google’s Gemini model ... Read more ›
2
The enterprise software firm ServiceNow plans to acquire cybersecurity startup Armis for $7.75 billion, the companies said on Tuesday. The price is a step up in valuation for Armis, which had raised money last month at a $6.1 billion valuation. ServiceNow thinks the deal will help bolster its ... Read more ›
0
This year has been a big one for AI coding startup acquisitions. Who can forget the dramatic Google-Windsurf-Cognition saga from this summer? And this month alone, Anthropic acquired developer tool startup Bun and Cursor bought code review startup Graphite.Another coding deal is sneaking in before the end of the year. ClickUp, a $4 billion-valuation enterprise software startup, is acquiring AI coding startup Codegen, the companies told The Information exclusively. The... Read more ›
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04.05.2026 02:10
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