OpenAI has spent roughly $6.4 billion in stock to buy three startups over the last 16 months, while its smaller rival Anthropic has done barely any deals. But Anthropic, recently valued at $170 billion in a funding round, told investment bankers in recent weeks that it is getting ready to move off the sidelines and do more acquisitions, according to people who have spoken to its executives. It is considering... Read more âș
90
Itâs been nearly a year since we scooped the news that OpenAI, Google, Snowflake and Cohere were all working on artificial intelligence search products similar to the one startup Glean made a big splash with. Gleanâs AI-powered search lets workers at companies easily find emails, Slack messages and other data scattered across business applications. As we said at the time, it seemed like everyone was trying to be like Glean.... Read more âș
4
Coinbase and Mastercard have each held advanced talks to buy BVNK, a London-based stablecoin infrastructure firm, in a deal that could value the startup at between $1.5 billion and $2.5 billion, Fortune reported, citing people familiar with the deal. The talks are not finalized and may not ... Read more âș
0
Google and Amazon, as part of their competition for corporate AI spending, both announced new suites of products that make it easier for employees to find corporate data and automate multi-step work tasks. Both companies are essentially giving their existing AI search and agent-building products ... Read more âș
2
OpenAI told Europeâs top antitrust regulator that big tech firms including Microsoft, Google, and Apple could be difficult for the startup to compete against, Bloomberg reported Thursday. During a Sept. 24 meeting with EU antitrust chief Teresa Ribaldi, OpenAI said it faced âdifficultiesâ ... Read more âș
30
The court overseeing Elon Muskâs breach of charitable trust lawsuit against OpenAI has ordered the companyâs former CTO Mira Murati to be deposed, seeking information such as âthe extent to which [OpenAI CEO] Altman was sidelining safety procedures in the pursuit of commercial interests,â ... Read more âș
2
Andreessen Horowitz co-founder Ben Horowitz says only a small subset of AI companies, such as portfolio companies Safe Superintelligence Inc. and Thinking Machines Labs, need massive compute contracts. But many AI startups still need help getting access to bottlenecked resources, like chips to train their models.The venture firm said Thursday it had hired Raghu Raghuram, former VMware CEO, to help address those computing challenges. Horowitz believes Raghuram is one of... Read more âș
0
Jessica Hertz will become Shopifyâs chief operating officer, she said in a LinkedIn post on Thursday. Hertz joined Shopify as the e-commerce software makerâs general counsel in late 2021. Prior to joining Shopify, she worked in the Biden administration and at Meta. Shopifyâs previous COO Kaz ... Read more âș
0
SoftBank-owned PayPay, a major mobile payment app in Japan, said it has acquired a 40% equity stake in Binance Japan, a subsidiary of the worldâs largest crypto exchange Binance. The deal could help Binance Japan gain ground in the country, where global crypto platforms have faced intense ... Read more âș
0
OpenAI can hardly announce a new product before a chorus of tech pundits declare it will kill a bunch of other applications. In the most recent example, investors in several public software companies went into a panic last week after OpenAI showed a demo of an internal artificial intelligence tool it developed to analyze contracts. The internal tool, DocuGPT, isnât a standalone product that OpenAI plans to sell but rather... Read more âș
0
Andreessen Horowitz has hired Raghu Raghuram, former chief executive of VMWare, as its newest general partner, according to firmâs co-founder Ben Horowitz. Raghuram will serve as a general partner investing in AI infrastructure and growth-stage companies. Raghuram worked at VMWare for two ... Read more âș
0
OpenAIâs effort to catch up to Anthropic in code-generating artificial intelligence seems to be working. New data show OpenAIâs Codex coding assistant has pulled ahead of Anthropicâs Claude Code assistant in certain coding capabilities. Codex usage among developers is also catching up to Claude Codeâs.Developers approved 74.3% of code written by Codex, slightly higher than Claude Codeâs 73.7% success rate in terms of approving code pull requests, according to data... Read more âș
12
Teslaâs driver assistance technology known as âFull Self-Drivingâ is being probed by U.S. auto safety regulators, who said theyâd identified 58 reports of vehicles using the software running red lights and violating other traffic laws. The National Highway Traffic Safety Administrationâs new ... Read more âș
0
Recently, President Donald Trump demanded that Microsoft sack its head of global affairs, Lisa Monaco, over her past roles in the Biden and Obama administrations. He added that her position was âunacceptableâ given Microsoftâs major contracts with the U.S. government. Microsoft hasnât yet responded publicly to Trumpâs demand. If Monaco stays at Microsoft, the companyâs handling of the situation could provide a template for how its peers in tech can... Read more âș
0
China on Thursday announced additional export controls on rare earths, expanding restrictions on critical minerals that are used in the manufacturing of everything from gadgets to electric vehicles to defense systems. Under the new rules, exports for overseas military applications wonât be ... Read more âș
0
Anysphere, the maker of coding assistant Cursor, is considering offers to invest in the startup at around a $30 billion valuation, roughly triple its valuation in a round that closed mid-year, according to people familiar with the discussions. The offers indicates that investor excitement about the three-year-old startup has remained high because of its fast-growing revenue, despite growing competition from OpenAI and Anthropic. Both make the models that power its... Read more âș
0
AMD CEO Lisa Su should hope Nvidia CEO Jensen Huang takes digs at her more often. After Huang turned up on CNBC on Wednesday morningâwhere he discussed both the AMD-OpenAI chip deal announced on Monday and Nvidia's own dealmakingâAMDâs stock rallied 11%! The stock, which had jumped 24% on Monday but only inched up a bit on Tuesday, is now up 43% this week. Perhaps Huang inadvertently brought AMDâs success... Read more âș
0
After a brief reprieve, artificial intelligence enterprises once again find themselves in a bidding war for graphics processing units. For frontier labs and hyperscalers, spending billions on training and inference is business as usual. But for startups and independent developers, compute costs can quickly swallow the bottom line. At a recent panel hosted by The Information, Co-Executive Editor Amir Efrati spoke with two experts on how smaller players can scale... Read more âș
0
Elon Musk and his social media site X, formerly known as Twitter, have settled a lawsuit from four top Twitter executives that Musk fired after acquiring the company in 2022. Former Twitter CEO Parag Agrawal, chief financial officer Ned Segal, chief legal officer Vijaya Gadde and general counsel ... Read more âș
0
Apple and Meta are on the verge of settling antitrust cases with European Union regulators over alleged violations of the blocâs Digital Markets Act, the Financial Times reported. The EU had already fined the two companies a combined 700 million over alleged violations of parts of the law, which ... Read more âș
0
SoftBank Group said Wednesday it had purchased the robotics division of Swiss industrial conglomerate ABB for $5.4 billion, the latest big push for the Japanese firm into robotics. SoftBank will have to turn around the division. ABB said last quarter it generated about $813 million in revenue ... Read more âș
0
Most popular sources
Business Insider
|
42% 23 |
MacRumors
|
14% 3 |
Gizmodo
|
8% 0 |
Tom's Hardware
|
5% 2 |
Android Authority
|
5% 2 |
| View sources » | |
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24.10.2025 18:58
Last update: 18:50 EDT.
News rating updated: 01:51.
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