Microsoft last year got more aggressive about getting people to pay up for artificial intelligence features in its Office productivity suite, such as those that draft emails or summarize documents. It began including AI features by default and raising the baseline price of Office for individual consumers by 30%. The maneuver paid off, as revenue from that business line has been growing at its fastest rate in years. Read more ›
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Livestream shopping app Whatnot announced a $225 million fundraising Tuesday at a valuation of $11.5 billion, more than double the level at which it last raised. The round was led by existing investors DST Global and Capital G, and included other investors like Sequoia Capital, Greycroft and ... Read more ›
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Skyworks Solutions, which supplies radio frequency chips to Apple and other smartphone makers, is acquiring its main rival Qorvo for $10.6 billion in a combination of cash and stock. The news, announced Tuesday morning, confirmed a report in The Information late Monday night. Skyworks’ ... Read more ›
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When OpenAI released its Sora video app last month, it seemed like an attempt to develop a TikTok-like viral video service with artificial intelligence at its core. And in some ways, usage of Sora has echoes in how TikTok is used.In a recent all-hands, OpenAI CEO Sam Altman told employees that 20% to 30% of Sora users created AI-generated videos through the app but a majority of those people then... Read more ›
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Microsoft will get a 27% stake in OpenAI valued at $135 billion and will retain the rights to use the startup’s intellectual property through 2032, the companies announced on Tuesday. Microsoft will give up its right of first refusal over OpenAI’s compute contracts, which had meant OpenAI had to ... Read more ›
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Amazon is cutting around 14,000 corporate jobs, human resources executive Beth Galetti wrote in a memo published by Amazon Tuesday. The job cuts are aimed at “further reducing bureaucracy, removing layers, and shifting resources to ensure we’re investing in our biggest bets,” she wrote. The ... Read more ›
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It took a year and some financial acrobatics, but Meta Platforms and a small army of bankers and lawyers were able to secure funding for a $27 billion data center project without doing any immediate damage to the company’s finances. A private letter from the Securities and Exchange Commission helped seal the deal. How Meta and Morgan Stanley pulled off the fundraising, and whether other companies racing for dominance in... Read more ›
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Seres Group, a major electric vehicle maker in China, is looking to raise $1.7 billion in a Hong Kong listing, according to the company’s filing with the city’s stock exchange. The Hong Kong listing of Seres, whose shares are already listed on the Shanghai Stock Exchange, comes amid a market ... Read more ›
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Skyworks Solutions, which supplies radio frequency chips to Apple and other smartphone makers, held talks in recent months to buy Qorvo, a rival with a market capitalization of more than $8 billion, according to people familiar with the matter. The acquisition talks follow warnings by both companies that sales to their biggest customer, which they previously said was Apple, were weakening because other rivals were winning business. It couldn’t be... Read more ›
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Online education firm Chegg is laying off 388 employees—around 45% of its workforce—due to the “new realities of AI,” which includes reduced website traffic and revenue stemming from Google’s practices of including AI summaries atop search results. It’s the latest sign of trouble for Chegg, ... Read more ›
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Another day, another chip company-A deal. This time, it’s Qualcomm, best known for its mobile phone chips (such as the modem in most iPhones). What Qualcomm is not known for is selling chips for data center servers, despite its valiant attempts to do so in the past. Will this time be different? We’ll see. At least Qualcomm has a customer for its AI chips—Humain, the Saudi Arabian AI startup that’s... Read more ›
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Forge Global, a publicly traded platform for trading stakes in privately held startups, is exploring a sale, the Financial Times reported. Shares of Forge Global jumped more than 13% on Monday. The company is working with Financial Technology Partners, an investment bank that specializes in ... Read more ›
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Shares in Qualcomm soared more than 12% after the semiconductor company said it would make artificial-intelligence chips and struck a deal to provide them to Saudi Arabia’s Humain. The announcement on Monday, the first day of Saudi Arabia’s annual Future Investment Initiative conference, made ... Read more ›
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Amazon is preparing to cut as many as 30,000 corporate jobs beginning this week, Reuters reported Monday. The cuts are meant to help compensate for overhiring during the pandemic and to cut expenses, the report said. An Amazon spokesperson didn’t immediately respond to a request for comment. The ... Read more ›
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As artificial intelligence models improve, the companies developing them are seeking more sophisticated ways to measure how good they are at a wide range of tasks. As a result, they are developing internal benchmarks to test models’ capabilities, rather than relying on publicly available tests.Cognition, which has created the Devin coding agent, is one of the startups that’s developed internal benchmarks. Its tests for agentic coding capabilities measure an AI... Read more ›
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Defense tech company Anduril expects to burn through $800 million to $900 million in cash this year in an aggressive bid to win giant Pentagon contracts. Investors big and small are unperturbed, lining up to back the fast-growing seller of drones, missiles and border surveillance towers. The company appears to be the most coveted stock in the private markets, with small investors on the secondary market willing to pay nearly... Read more ›
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Chinese artificial intelligence startup MiniMax launched a new open-source large language model on Monday whose performance is ranked the highest among such models on some leaderboards. The new model, M2, is particularly suitable for AI agents and coding, according to the company. On the AI ... Read more ›
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Andreessen Horowitz general partner Anjney Midha is launching AMP, a new venture to provide “compute and capital to frontier AI teams.” Midha, The Information reported. Midha, who previously helped Andreessen startups access Nvidia GPUs, will remain a part-time venture partner, retaining board ... Read more ›
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OpenAI is developing artificial intelligence to allow people to generate music using text and audio prompts, The Information reported. The startup is collaborating with Juilliard School students to annotate music scores, which can be used as training data for the music generating tool. The ... Read more ›
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SoftBank is set to complete its $30 billion investment in OpenAI, after its board approved a $22.5 billion second installment on the deal, The Information reported. The remainder of its investment is contingent on OpenAI’s corporate restructuring, which would pave the way for a public offering ... Read more ›
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16.03.2026 00:32
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