Dalton Caldwell, a managing partner at Y Combinator and one of the longest serving partners at the accelerator, is leaving after over twelve years to start a venture capital firm to back early-stage companies, according to two people with direct knowledge of the discussions. Caldwell will make ... Read more ›
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A little-known company at the heart of the U.S. financial system is exploring issuing a stablecoin that could accelerate the use of digital assets across markets, according to people with knowledge of its plan. The Depository Trust and Clearing Corp., the clearinghouse that processes U.S. stock trades, would consider issuing a stablecoin if legislation legitimizing the tokens is approved in Washington, the people said. The DTCC, which is owned by... Read more ›
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BlackRock set an ambitious $400 billion fundraising target for its private investment business, part of its plans to double its market capitalization to $280 billion by 2030. The world’s biggest asset manager aspires to generate at least $35 billion a year in revenue by 2030, compared with ... Read more ›
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If your artificial intelligence firm isn’t also a chipmaker and cloud provider, are you even an AI company?That’s what it’s starting to feel like, as more companies try to fill out more parts of the AI “stack” by providing the models, hardware and computational resources businesses need to build or use AI-powered apps. In just the last 24 hours, my colleague Anissa published this great piece on how Nvidia is... Read more ›
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In March, when Amazon Web Services launched a new division focused on developing artificial intelligence that handles complex tasks, known as agents, CEO Matt Garman said in a memo that the technology could be the cloud provider’s next multibillion-dollar business. But some customers say rival cloud providers such as Google have made it easier for customers to develop AI apps, including sophisticated agents, than AWS has. To fix that, AWS... Read more ›
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Databricks will soon host Google’s Gemini models as part of an expansion of a four-year-old strategic partnership between the companies that will be announced later today, Ali Ghodsi, co-founder and CEO of Databricks, said in an exclusive interview at the company’s customer conference. The ... Read more ›
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Meta Platforms CEO Mark Zuckerberg has tried to fix a seemingly existential problem in recent months. His company’s large language model, Llama, was falling behind competitors and struggling to perform as well as models from OpenAI, particularly on complex tasks. Increasingly, Zuckerberg turned to an unlikely person for advice: Alexandr Wang, CEO of Scale AI, whose startup did the relatively low-grade work of hiring human experts to improve artificial intelligence... Read more ›
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We learned a few interesting things from Oracle’s earnings report today. First, CEO Safra Catz dropped the news that Stargate, the splashy, $500 billion joint venture between Oracle, SoftBank and OpenAI to build artificial intelligence data centers, is “not yet formed.” The tidbit from Oracle is another sign Stargate is off to a slow start after Bloomberg reported last month that SoftBank hadn’t yet begun the formal fundraising process for... Read more ›
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OpenAI has talked to Saudi Arabia’s Public Investment Fund, Indian conglomerate Reliance Industries and existing shareholder United Arab Emirates’ MGX about investing in the next installment of its $40 billion financing led by SoftBank, according to two people familiar with the fundraise. The investors could put in at least hundreds of millions of dollars each, they said. An investment in OpenAI by Saudi Arabia’s $900 billion–plus wealth fund would underscore... Read more ›
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The entertainment industry—once controlled by a handful of studios and networks—is undergoing a transformation. Thanks to platforms like YouTube, creators with little more than a smartphone and Wi-Fi are reshaping what we watch, how it’s made and who gets to make it. This month, Nielsen ranked YouTube as the most-watched streaming platform in the U.S., commanding 13% of all TV viewership. It’s a milestone that signals a deeper shift: The... Read more ›
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Stargate—an up to $500 billion venture announced by OpenAI, SoftBank and Oracle to build data centers for artificial intellegence—is “not formed yet,” Oracle CEO Safra Catz told investors Wednesday. When Catz was asked by investors whether Oracle’s projections for a 70% growth rate in its cloud ... Read more ›
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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 ›
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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. “Our revenue growth rates will be dramatically higher,” she said in a statement. That would mean Oracle ... Read more ›
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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 won’t be able to index and store Slack ... Read more ›
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The Cannes Lions International Festival of Creativity, the influential advertiser conference in the south of France, is kicking off next week—and creators and artificial intelligence will be the key themes.Organizers expect a big uptick in creator attendance this year—and 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 ›
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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 firm’s stock surged as much as 139% and closed at $56.48 on Wednesday. The company sold more than 12.3 million shares ... Read more ›
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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. “I’m working really hard to make sure we have a considerable sum of this capital come from external investors,” said Tareq Amin, CEO of Humain, the country’s new... Read more ›
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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 Universal’s intellectual property without permission to train its image-generating software. “ ... Read more ›
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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 Circle’s blockbuster debut. Jefferies will work ... Read more ›
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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 doesn’t ... Read more ›
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Most popular sources
Ars Technica
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27% 25 |
Business Insider
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22% 1 |
Gizmodo
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10% 5 |
Financial Times
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6% 1 |
Tom's Hardware
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5% 5 |
| View sources » | |
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07.11.2025 14:19
Last update: 14:10 EDT.
News rating updated: 21:11.
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