Netflix sent a cease-and-desist letter demanding that ByteDance take immediate steps to prevent its AI video generation model, Seedance 2.0, from producing content that resembles the U.S. streaming giant’s characters, titles or settings, according to Deadline. Since the Chinese tech giant ... Read more ›
0
OpenAI is finalizing initial commitments from investors in a round that could raise $100 billion at a $830 billion valuation including the investment, according to two people with direct knowledge of the fundraising. SoftBank is expected to anchor the round with a $30 billion investment, which it will spread in three installments of $10 billion each through the year, according to the two people. Amazon, which supplies cloud services to... Read more ›
10
“We call Mark Zuckerberg to the stand.” Thus began Wednesday’s nearly six hours of testimony from the Meta Platforms CEO in a trial of a lawsuit brought by a young woman against several tech companies including Meta, contending that social media causes depression and suicidal thoughts. I was in the downtown Los Angeles courtroom, where Zuckerberg, sitting in the witness stand with an exit sign over his right shoulder, came... Read more ›
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SemiAnalysis, the top chip and infrastructure research firm founded by Dylan Patel, is considering raising money to invest in startups, according to someone with direct knowledge of the discussions. The talks are in the early stages, and the firm does not yet have a target, but it could be in ... Read more ›
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Etsy said Wednesday that it has agreed to sell the clothing resale app Depop to eBay for roughly $1.2 billion. The sale, which is for less than the $1.6 billion Etsy paid for it five years ago, marks an abrupt reversal, since Etsy executives as recently as December were talking up spending to ... Read more ›
2
DoorDash reported 38% higher revenue of $3.955 billion, thanks partly to the acquisition during the quarter of UK delivery firm Deliveroo. DoorDash projected a 37% lift in gross order volume in the first quarter, just a tad below the fourth quarter growth. DoorDash stock rose 8% in ... Read more ›
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Figma shares soared as much as 16% in after hours trading Wednesday as the design software company reported a slight acceleration in fourth quarter revenue growth of 40%, up from 38% in the third quarter. The results could reassure investors who have been dumping software stocks over concerns of ... Read more ›
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Meta CEO Mark Zuckerberg testified in a Los Angeles courtroom for several hours on Wednesday morning, rebutting questions from lawyers for a young woman who has sued Meta and other tech companies alleging her social media addiction led to depression and suicidal thoughts. As of Wednesday ... Read more ›
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Meta Platforms plans to release its first smartwatch in 2026, according to two people familiar with the matter. Meta’s plans come as other big tech companies, including Apple, OpenAI and Google, are stepping up their plans for new consumer devices. The company has revived a previously shelved smartwatch project, now code-named Malibu 2, and intends to release it later this year with health-tracking features and a built-in Meta AI assistant.... Read more ›
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Snap said its subscription business had hit a $1 billion annualized revenue run rate, as the number of people paying for a Snapchat+ subscription passed 25 million. The announcement is a rare bit of good news for Snap, which has reported weak ad growth in recent quarters. In 2025, Snap’s ad ... Read more ›
3
A soon to be listed Robinhood fund that invests in private startups could lay a path for Silicon Valley—including VC firms—to raise more money from individual investors. Robinhood is raising $1 billion for the fund, which has the New York Stock Exchange ticker of RVI. The fund, Robinhood says, will invest in “best-in-class” private companies like Stripe, Databricks and Ramp. Those companies are largely off limits to everyday traders that... Read more ›
2
Perplexity is no longer offering ads, an executive told The Financial Times. The AI search startup is pulling back from this line of business as rival OpenAI started showing its users ads in ChatGPT conversations earlier this month. The company said it was worried ads would undermine users’ ... Read more ›
27
A new holy grail has emerged in the AI industry in recent months: continual learning, or the promise of AI that’s able to learn from real-world experience the way humans do, without having to undergo long formal training processes that require tons of computational power and data.And as you’d might expect with the rise of an ill-defined, buzzy term in the tech sector, investors are already telling me that they’re... Read more ›
22
Saudi state-backed artificial intelligence firm Humain said Wednesday that it had invested $3 billion into Elon Musk’s xAI as part of a funding round in January. The investment preceded SpaceX’s acquisition of xAI earlier this month, according to Humain. The Saudi AI firm, which is owned by the ... Read more ›
5
The battle for AI talent is no longer just about landing the best AI researcher. People with experience developing giant AI data centers suddenly are among the most sought-after professionals in tech right now. While an array of big tech firms and other developers is committing billions to data centers for AI, few people have designed and built centers at the scale now required. Many of the large AI campuses... Read more ›
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OpenAI can shift some of its revenue-sharing payments to Microsoft to later years under the terms of the pair’s recently renegotiated partnership last fall, The Information reported Tuesday. This should reduce the impact of the payments on OpenAI’s cash flow. Last fall, OpenAI and Microsoft ... Read more ›
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Anthropic paid about $1.3 million in revenue share in 2024 to cloud providers for reselling Anthropic’s AI models, The Information reported on Tuesday. That figure is expected to rise to about $360 million last year, $1.9 billion this year and $6.4 billion next year, according to The Information ... Read more ›
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Take that, Sundar Pichai! Three months after we scooped news that Meta Platforms was in talks to spend billions on Google AI chips—known as tensor processing units—for its data centers, Meta and Nvidia unveiled an expanded “multiyear, multigenerational strategic partnership.” Meta is a longtime Nvidia customer, of course, but it is recommitting to using “millions” of Nvidia’s AI chips as well as other Nvidia processors and gear. It’s not clear... Read more ›
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Anthropic expects to pay Amazon, Google and Microsoft at least $80 billion to run its Claude AI on their cloud servers through 2029, according to the startup’s most optimistic recent forecasts. That’s not the only way the tech giants can make money from Anthropic: They get a cut of the revenue Anthropic generates if their customers buy its AI. And that’s a fast-growing source of revenue. Anthropic paid only about... Read more ›
27
In case you missed it on Friday, we broke the news that Anduril is in talks to double its valuation to around $60 billion in a new funding round.The round is notable for more than just its price. While Anduril technically has both A and I in its name, it’s not the AI-centric type of startup that typically gets all the investor attention in this current cycle. But it shows... Read more ›
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29.07.2026 16:56
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