Salesforce has struck an agreement to acquire Qualified, a seven-year-old startup that helps Salesforce customers generate sales leads from their websites. Terms weren’t disclosed, but Salesforce is paying between $1 billion and $1.5 billion for Qualified, according to a person with direct ... Read more ›
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Memory chip-maker Micron’s shares climbed 8% after it reported 57% growth in revenue of $13.64 billion for its first fiscal quarter, ended Nov. 27, well above its September projection that it would bring in as much as $12.8 billion in revenue. Executives also forecast Micron’s revenue growth to ... Read more ›
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Amazon reorganized its AI development team, it said on Wednesday, by expanding it to also include quantum computing and silicon development, which includes development of Trainium chips. Those organizations were previously part of Amazon Web Services. Amazon’s AI team, which developed its Nova ... Read more ›
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Anthropic will get up to 2.3 gigawatts of computing power from data centers being developed by Hut 8, a bitcoin mining company with close ties to the Trump family. Hut 8 and cloud startup Fluidstack will develop a data center campus in Louisiana with an initial 245 megawatts of power and the ... Read more ›
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Oracle shares fell 5% Wednesday morning after the Financial Times reported that data center investor Blue Owl would not participate in a $10 billion financing for one of Oracle’s artificial intelligence data centers being built for OpenAI in Michigan. Blue Owl decided not to invest because the ... Read more ›
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Online education platform Coursera said on Wednesday it would buy rival Udemy for about $950 million in stock, giving the two companies more scale to compete as AI threatens their businesses. The companies are two of the largest US-based online learning providers but their growth has slowed ... Read more ›
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Scarcity creates value in everything from precious metals to giant private tech companies. That accounts for some portion of the stunning prices investors are paying to get into SpaceX, OpenAI and other companies while they are still private. An army of wealth managers, fund executives and other go-betweens have made a lucrative living touting their access to coveted deals in these companies. Some of their clients have done well, at... Read more ›
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When Micron Technology reports its fiscal first-quarter earnings on Wednesday afternoon, investors will be listening for the memory chip maker’s outlook in the next few quarters. Micron is one of three companies, along with Samsung and SK Hynix, that make high-bandwidth memory, a key component of AI chips. Surging demand for AI chips has lifted memory chip revenues for all three companies in the past year or so. That in... Read more ›
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Last night The Information broke the news that Amazon was in talks to invest at least $10 billion in OpenAI at a valuation of more than $500 billion. As part of the deal under discussion, OpenAI would agree to use Amazon’s Trainium chips, we reported. It's the latest in a string of deals OpenAI has done to raise the money it needs to pay for its costly AI development. We’ll... Read more ›
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The board of Warner Bros. Discovery rejected Paramount Skydance’s $108 billion takeover offer, sticking with a deal it has already reached with Netflix, citing “significant risks” of the Paramount offer. In a securities filing, WBD outlined in detail the risks of the Paramount offer, which is ... Read more ›
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Tesla will face a possible 30-day ban on selling its vehicles in California unless it changes marketing practices that a state regulator says mislead consumers about the capabilities of its driver assistance software, according to the California Department of Motor Vehicles. A California ... Read more ›
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OpenAI, Anthropic and Google have been on the prowl for specialized data to train their AI models, discussing deals with startups and public companies to license datasets on topics such as genomics. In the last several months, for instance, staff at OpenAI spoke to life sciences diagnostics vendor Revvity, accounting software firm Xero and biotech, consumer healthcare, software and financial services companies about potentially licensing their data or forming another... Read more ›
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Wall Street is gearing up for three potentially record-setting initial public offerings over the next 18 months. The talk among bankers is not about what SpaceX, Anthropic and OpenAI will do on their big days but about what happens after that, when the companies’ existing shareholders try to unload their multibillion-dollar stakes. Each of the three has raised some of the largest amounts ever for private companies. That creates the... Read more ›
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Tencent Holdings internally announced that Yao Shunyu, a researcher who joined from OpenAI in September, is now serving as a chief AI scientist overseeing the Chinese tech giant’s large language model department as well as its newly established AI infrastructure department, according to a person ... Read more ›
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Manus, an artificial intelligence agent that briefly went viral earlier this year and got financial backing from Benchmark, said Wednesday that its annual run rate has just reached $125 million, up from $90 million in August. A spokesperson for Manus also said that the AI agent’s annual ... Read more ›
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Waymo is in early talks with potential investors to raise more money at a valuation of at least $100 billion, The Information first reported Tuesday. The size of the round will at least be several billions of dollars, possibly even more than $10 billion. A new valuation at more than $100 ... Read more ›
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Amazon is in talks to invest $10 billion or more in OpenAI at a valuation exceeding $500 billion, The Information reported on Tuesday. As part of the potential deal, OpenAI would use Amazon’s Trainium artificial intelligence chips, and the investment would help fund OpenAI’s massive ... Read more ›
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Amazon is in talks to invest $10 billion or more in OpenAI, according to three people familiar with the discussions. The valuation would be higher than $500 billion, one of the people said. The Amazon investment would help OpenAI afford some of the commitments it has made to rent servers from cloud providers, including from Amazon Web Services. OpenAI last month announced it would spend $38 billion renting servers from... Read more ›
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What is it about former British government ministers that makes them so appealing to U.S. tech firms? Former U.K. Chancellor of the Exchequer George Osborne is joining OpenAI to be head of OpenAI for Countries, based in London. The title is a little vague, but according to OpenAI’s chief global affairs executive, Chris Lehane, Osborne will be working with governments around the world to develop AI infrastructure—including computing capacity—and everything... Read more ›
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The Trump administration has threatened to impose penalties on European technology companies in response to a pattern of what it says are “discriminatory and harassing lawsuits, taxes, fines, and directives” against American tech companies. In a post on X, the Office of the U.S. Trade ... Read more ›
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04.05.2026 03:33
Last update: 03:25 EDT.
News rating updated: 10:20.
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