Sriram Krishnan, a top AI policy advisor in the Trump administration, plans to leave his position at the end of June, according to a person with direct knowledge of the move and a statement viewed by The Information. Krishnan has discussed starting a policy institution following his time in the White House, according to two people familiar with the matter. It will be staffed with engineers that will support the... Read more ›
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Meta Platforms is launching paid subscriptions for its AI chatbot across Facebook, Instagram, and WhatsApp as it looks to monetize its investments in artificial intelligence. The company’s head of product, Naomi Gleit, announced Wednesday that it is testing out new subscription plans. The ... Read more ›
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Federal prosecutors charged a Google employee with using confidential information to win $1.2 million betting on Polymarket, according to a Federal Court complaint unsealed on Wednesday. Michele Spagnuolo, a staff software engineer at Google, allegedly placed bets on the prediction market for ... Read more ›
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Shares of Snowflake rose more than 30% late Wednesday after the database provider surpassed its earlier forecast for product revenue—its most closely watched sales metric—by around $125 million for the first quarter ending April 30. The company raised its full-year product revenue target by $180 ... Read more ›
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Database firm Snowflake said it has committed to spending $6 billion on Amazon Web Services over the next few years, including using Amazon’s Graviton chips and AI infrastructure. Graviton is a CPU, a chip designed for general computing. CPUs are becoming increasingly important as businesses ... Read more ›
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Salesforce on Wednesday lowered its projection for cash flow growth in its 2027 fiscal year, which ends January next year. The stock fell 3% in after-hours trading following Salesforce’s quarterly earnings results for the April quarter. The software firm said operating cash flow will rise 4% to ... Read more ›
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United Texas Bank, a crypto-friendly bank, said it successfully switched its regulator through a charter conversion, despite being under a consent order. The move will help it grow its business serving digital asset firms and foreign banks. The Dallas-based bank, which has about $1 billion in ... Read more ›
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Coding startup Cognition has raised more than $1 billion in a funding round that valued the company at $26 billion including the investment, the company said in a blog post. That’s nearly double its valuation from its last fundraise, which valued the three-year-old company at about $10 billion ... Read more ›
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OpenAI’s foundation will grant $250 million in funding to promote research into the impact of artificial intelligence on the economy and jobs, the company said in a blog post on Wednesday. The company’s charitable arm was separated from OpenAI’s for-profit business last fall as part of a ... Read more ›
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Amazon is marketing a new service to let other retailers take advantage of its AI shopping assistant technology. For the past two years, Amazon has offered an AI shopping chatbot on its main retail site, which was originally called Rufus, but earlier this month was rebranded to Alexa for ... Read more ›
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Most everyday investors can’t buy shares of hot private companies like SpaceX and OpenAI before they go public. With potential mega-IPOs looming this year, prediction markets like Polymarket and Kalshi are turning that hype into tradable bets. Users are flocking to yes-or-no bets on milestones like valuations and IPO timelines, betting with contracts that trade in cents and pay out $1 if the buyer is right. That’s helping prediction markets... Read more ›
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If you wander into the Manhattan office of AI startup Basis on a workday, you’ll see most of its 100 or so staffers whispering quietly into gooseneck microphones at their desks. They aren’t taking phone calls or talking with other humans at all. They’re speaking softly to their AI agents and chatbots. Such whispering has become a common sight at firms working at the bleeding edge of the field. Speed... Read more ›
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In Russia, making bets on Polymarket isn’t permitted by the popular online prediction market’s rules. But that hasn’t stopped Ruslan Kashaev, a software developer who lives in the small Russian city of Ufa, a 15-hour drive from Moscow, from turning the site into a lucrative source of income. Using automated trading bots hosted on the Telegram encrypted messaging service, Kashaev has convinced thousands of Russian-speaking traders to bet on Polymarket.... Read more ›
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Chinese social media giant Kuaishou Technology said on Wednesday that its Kling AI video business reached an annualized revenue of about $500 million in March. Kling, which develops and sells AI video generation models, generated more than 650 million yuan ($96 million) in revenue in the first ... Read more ›
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ByteDance is considering more than doubling its capital expenditures this year to as much as $70 billion, as the Chinese tech giant ramps up its investment in data centers and other AI infrastructure, Bloomberg reported. ByteDance’s capex plans reflect the surging costs of compute in the AI ... Read more ›
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Qualcomm has reached a deal with ByteDance to supply chips for AI data centers to the Chinese tech giant, Bloomberg reported. The deal comes as Qualcomm, one of the world’s largest suppliers of smartphone processors, is trying to increase its presence in chips for AI computing. As part of the ... Read more ›
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Micron Technology crossed $1 trillion in market value for the first time Tuesday, as shares climbed 19% on rising demand for memory chips used in AI systems. It was Micron’s largest single-day gain since 2011. The rally came after UBS sharply raised its price target for Micron to $1,625 from ... Read more ›
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Baseten, a startup that rents out Nvidia AI servers to application developers and helps them customize models, has recently been in talks with investors to raise $1 billion at an $11 billion valuation including the money, The Information reported Tuesday. That would more than double the company’ ... Read more ›
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On New Year’s Day, OpenAI leaders would have been happy to hear that the company’s monthly revenue would rise more than 50% over the first five months of 2026, roughly in line with the projections it previously shared with investors. But they’re not likely to feel that way now: That pace looks downright tame compared to that of Anthropic, whose revenue grew five times in the same period, leapfrogging OpenAI’s.Anthropic... Read more ›
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Less than a year ago, our reporters kept hearing doubts about a group of startups called inference providers. Companies like Fireworks, Baseten and Together AI, which rent out Nvidia servers to app developers and help them customize open-source models, had grown quickly but seemed at risk of getting steamrolled by major cloud providers that could build these capabilities in-house. Those traditional cloud providers also have the advantage of owning the... Read more ›
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AI startup Baseten has recently been in talks with investors to raise $1 billion at an $11 billion valuation including the money, according to a person with knowledge of the fundraise. That would more than double the company’s $5 billion valuation from its last round, which was announced just three months ago. The fundraising comes on the back of strong revenue growth for the startup, which rents out Nvidia AI... Read more ›
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12.06.2026 04:52
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