Things have never been better for Shopify. The e-commerce firm’s stock is trading near all-time highs. And a recent deal with OpenAI has put Shopify in a position to capitalize on AI-fueled shopping by easily allowing its merchants to sell products through ChatGPT. And yet Shopify is seeing the kind of executive turnover normally associated with companies that are struggling. Read more ›
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The Kuwait Investment Authority is joining a Blackrock-led plan to invest up to $100 billion in data centers for artificial intelligence. The $1 trillion KIA will become a “financial anchor investor” in the consortium, which is also backed by Microsoft and Abu Dhabi’s MGX, according to a ... Read more ›
0
At any given moment during a typical professional golf tournament, 14 balls are in motion, and players hit upwards of 30,000 shots over the four-day event. It’s been next to impossible for the PGA Tour, which runs these tournaments, and sports broadcasters to provide commentary or information on every shot—even though the Tour thinks there’s demand for that information. So, to provide color on those thousands of shots, the PGA... Read more ›
2
Meta Platforms is buying the power output from Constellation Energy’s Clinton, Illinois nuclear power plant under a 20-year deal announced on Tuesday, the latest sign of how tech firms are dealing with fast-rising need for electricity to power their AI data centers. It also shows how AI ... Read more ›
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Mathematicians have been enthralled with artificial intelligence that can solve difficult math problems. And some developers behind these models at OpenAI and elsewhere believe AI that learns to solve hard math can use similar reasoning methods to solve other types of problems.But since today’s AI still hasn’t proven it can beat human experts at advanced math, some founders see an opening to develop models that specialize in the field. One... Read more ›
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In 2023, Google ad executives noticed something alarming about one aspect of their business. Once-red hot revenue growth from selling ads promoting mobile apps, a business worth double-digit billions of dollars for Google, had slowed, a former employee said. When staffers discussed what was going on, they agreed a small ad tech firm called AppLovin was starting to nip at Google’s heels. One of a handful of small companies that... Read more ›
0
Uber is promoting Andrew Macdonald from senior vice president of mobility and business operations to the position of president and chief operating officer, a role that has not been filled at the rideshare startup since 2019, Bloomberg reported. Macdonald will succeed Pierre-Dimitri Gore-Coty, ... Read more ›
0
Chime executives and bankers will spend the next week trying to convince investors that its stock will rise after its initial public offering. The company’s cofounders seem to be preparing for the opposite.New stock awards granted to cofounders Christopher Britt and Ryan King as part of the offering set a low bar potentially at the expense of shareholders who buy into the IPO. Chime’s cofounders would earn millions of dollars... Read more ›
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Google has agreed to spend $500 million over 10 years and create new compliance committees to settle shareholder litigation accusing it of antitrust violations, according to court documents filed Friday. Shareholders led by pension funds in Michigan and Pennsylvania sued Google’s parent company ... Read more ›
0
This year has seen trickles of tech initial public offering activity, but there’s still a sizable list of IPO hopefuls whose public market ambitions have stalled. Bankers say that dynamic is encouraging more private companies to try to find a buyer instead. To that end, we updated our Tech IPO Tracker to highlight the likeliest takeover targets among the private companies we’ve been keeping tabs on. Cybersecurity firms such as... Read more ›
0
Shares of data center developer Applied Digital rose 50% after the company said it leased part of a large facility to CoreWeave, a firm that rents out Nvidia chips to artificial intelligence developers. The announcement confirmed The Information’s earlier reporting that the firms were in talks ... Read more ›
0
Elon Musk’s artificial intelligence startup xAI is allowing employees to sell $300 million worth of shares to investors, in a deal that values the company at $113 billion. That’s the same price for the company Musk announced in March, when xAI bought his social media service X. The secondary ... Read more ›
0
Voyager Technologies said on Monday it is aiming to raise up to $319 million in an initial public offering that could value the defense and space company as high as $1.6 billion. Denver-based Voyager is developing Starlab, a private space station in a joint venture with Airbus, Mitsubishi, ... Read more ›
0
Amazon’s technique for choosing which offers from outside merchants to prominently display on its e-commerce site likely violates German antitrust laws and discourages price competition across online retail, the country’s antitrust regulator said Tuesday. Amazon awards the “Buy Now” and “Add to ... Read more ›
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Elon Musk on Sunday announced plans for an encrypted messaging platform called XChat that will feature vanishing messages and the ability to make audio and video calls without a phone number. The first version will be available this week on his social media platform X “if there are no ... Read more ›
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Samsung is close to a deal to invest in Perplexity and put the AI startups’s search tech onto its phones, Bloomberg reported, a potential blow to Google. Samsung has long been Google’s most important partner in Android, giving Google distribution for its apps on Samsung devices. The Bloomberg ... Read more ›
2
As OpenAI defends its planned corporate restructuring against a range of nonprofit critics, it’s probably feeling pretty good about its decision last year to hire a number of personnel with deep ties to the Democratic establishment.Those hires, including career Democrat Chris Lehane, who leads OpenAI’s global affairs team, looked like a miscalculation once Donald Trump won the presidential election, especially given CEO Sam Altman’s previous Democratic allegiance. (Altman has changed... Read more ›
5
Alibaba Group is quickly establishing itself as a leader in open-source artificial intelligence models thanks to the successful launch of its latest models known as Qwen3. And that’s triggering changes both inside and outside the Chinese tech giant. Alibaba’s various business units are now ... Read more ›
2
When Alibaba Group’s cloud business unit announced the first generation of artificial intelligence models developed by its own team in 2023, the Chinese tech giant said in a statement that it would integrate the models, known as Qwen, into its various businesses “in the near future.” The reality wasn’t so simple. Each of the company’s six business units—including its cash-cow China e-commerce business and its online entertainment services unit—was making... Read more ›
0
Banking app Chime plans to sell shares in an initial public offering at a price that would value it $10.3 billion and $11.1 billion, on a fully-diluted basis, the company said in a new securities filing Monday. The company set the price range ahead of a roadshow to meet investors over the ... Read more ›
2
It’s become one of the most popular private investing strategies of the last year: Firms including General Catalyst, Thrive Capital and 8VC have been investing in startups that buy services businesses such as call center operators, merge them with similar companies, and use artificial intelligence to boost sales and keep costs low. In the latest example, Chris Young, who led Microsoft’s ventures and acquisitions team for five years, has told... Read more ›
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Most popular sources
Business Insider
|
45% 21 |
Wired
|
18% 14 |
Gizmodo
|
8% 2 |
MacRumors
|
7% 6 |
Vox
|
5% 3 |
| View sources » | |
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05.11.2025 10:15
Last update: 10:10 EDT.
News rating updated: 17:12.
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