Stargateâan up to $500 billion venture announced by OpenAI, SoftBank and Oracle to build data centers for artificial intellegenceâis ânot formed yet,â Oracle CEO Safra Catz told investors Wednesday. When Catz was asked by investors whether Oracleâs projections for a 70% growth rate in its cloud ... Read more âș
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Until now, Databricks has primarily pitched its products to technical users such as data scientists and AI engineers. But at its customer conference in San Francisco, Databricks unveiled a strategy shift that includes new products and features specifically designed for business teams, in a move ... Read more âș
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Shares of Oracle were up more than 6% in afterhours trading, after CEO Safra Catz said its growth rate for its cloud computing business is expected to be 70% in the current fiscal year. âOur revenue growth rates will be dramatically higher,â she said in a statement. That would mean Oracle ... Read more âș
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Salesforce recently changed its terms of service for a Slack API that third-party software providers like Glean have used to let customers make their Slack messages and other data searchable, The Information reported. The changes mean that firms like Glean wonât be able to index and store Slack ... Read more âș
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The Cannes Lions International Festival of Creativity, the influential advertiser conference in the south of France, is kicking off next weekâand creators and artificial intelligence will be the key themes.Organizers expect a big uptick in creator attendance this yearâand a much more global crowd. Most creators last year came from the U.S. and the U.K., and this year creators from some 50 countries will attend, including Ghana, Australia and New... Read more âș
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Shares in Voyager Technologies jumped by 82% in their trading debut, after the defense and space firm raised $383 million in an upsized initial public offering . The Denver-based firmâs stock surged as much as 139% and closed at $56.48 on Wednesday. The company sold more than 12.3 million shares ... Read more âș
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Saudi Arabia is lining up new investors to fund its push to become a major player in artificial intelligence, snagging cash from Cisco Systems and AMD for a cloud project that is central to its efforts to refocus spending on domestic technology. âIâm working really hard to make sure we have a considerable sum of this capital come from external investors,â said Tareq Amin, CEO of Humain, the countryâs new... Read more âș
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Disney and Universal are suing generative AI startup Midjourney over copyright infringement. The lawsuit, filed in the U.S. District Court in central California, alleges that Midjourney used Disney and Universalâs intellectual property without permission to train its image-generating software. â ... Read more âș
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Bullish, the crypto exchange and owner of news publication CoinDesk, has confidentially filed paperwork for a US initial public offering in recent weeks, the Financial Times reported, joining the growing list of crypto IPOs after stablecoin issuer Circleâs blockbuster debut. Jefferies will work ... Read more âș
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Food delivery firm DoorDash said on Wednesday it is buying advertising technology company Symbiosys for $175 million, a deal that will help restaurants and other advertisers on DoorDash place ads on external sites and apps. DoorDash also disclosed a breakout of its ad revenue, which it doesnât ... Read more âș
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As competition intensifies in the nascent brain-computer interface market, Precision Neuroscience has tapped Neuralink co-founder Vanessa Tolosa to be senior vice president of research and development. The company also added Vivek Pinto, a former FDA device official, as director of medical ... Read more âș
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Elon Musk walked back some of his incendiary comments about President Donald Trump, suggesting a further mending of their relationship, which grew close during the campaign and Muskâs time overseeing cost-cutting efforts in Washington but exploded last week into a war of words. âI regret some of ... Read more âș
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The cost of acqui-hiring talent keeps rising! Meta Platforms agreed to shell out close to $15 billion for a 49% stake in data-labeling startup Scale AI, whose CEO Alexandr Wang will be joining Meta in a senior position, my colleague Cory Weinberg reported yesterday. I spoke with a number of Scale investors yesterday who shared their uncertainty about what the deal means for the companyâs future.Just as important, though, are... Read more âș
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Nvidia recently debuted a cloud service enabling artificial intelligence developers to rent server chips directly from the chip designer, part of its push into the cloud market dominated by Amazon and Microsoft. In doing so, Nvidia is encroaching on the turf of CoreWeave and dozens of other up-and-coming firms that sell the same type of service. Nvidia executives told the firms they could make their AI servers available to customers... Read more âș
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Ren Zhengfei, founder of Chinaâs Huawei Technologies, said the U.S. âoverestimatesâ his companyâs chip design capabilities amid ongoing trade negotiations between the two countries. In a front-page interview published in the Peopleâs Daily state newspaper on Tuesday, Ren said that Huaweiâs ... Read more âș
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Slack, an instant-messaging service popular with businesses, recently blocked other software firms from searching or storing Slack messages even if their customers permit them to do so, according to a public disclosure from Slackâs owner, Salesforce. The move, which hasnât previously been reported, could hamper fast-growing artificial intelligence startups that have used such access to power their services, such as Glean. Read more âș
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Mark Zuckerberg seems confident! As we reported earlier today, Meta Platforms is on the cusp of taking a 49% stake in Scale AI for $14.8 billion and bringing the AI startupâs CEO, Alexandr Wang, on board to lead a new AI lab. There are echoes in the MetaâScale AI talks of earlier deals between big tech companies and AI startups, including Googleâs agreement with Character.AI and Microsoftâs deal with Inflection.... Read more âș
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They are co-workers to be, they are both college dropouts-turned billionaire tech founders and they both have recently steered their public images toward wherever the political winds have blown. With Meta CEO Mark Zuckerbergâs big investment in Alexandr Wangâs Scale AI, the two men have something else in commonâthey both made billions for some of the same startup investors.Metaâs planned nearly $15 billion investment in Scale AI, which we scooped... Read more âș
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Podcasting is booming, driven by the rise of video shows and podcastersâ sway during last yearâs presidential election. Thatâs got me thinking about whether podcasting has become too saturated. Itâs a question I posed to our podcasting panel at The Informationâs Future of Influence event last week in Los Angeles. Spotify doesnât think so. The company saw a âmassive, massive reaccelerationâ in podcasts last year, while this year is âgrowing... Read more âș
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Google is offering voluntary buyouts to employees in the knowledge and information organization, which includes the companyâs core search and much of the ads organization, a senior executive told staff on Tuesday. The move comes as Googleâs search business faces unprecedented threats from ChatGPT and following its loss in a U.S. antitrust case that could hurt the companyâs ability to distribute its search product. Nick Fox, who runs the knowledge... Read more âș
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Most popular sources
Business Insider
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44% 13 |
Wired
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9% 8 |
Gizmodo
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8% 4 |
Vox
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8% 5 |
Eurogamer.net
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7% 6 |
| View sources » | |
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05.11.2025 16:47
Last update: 16:40 EDT.
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