Iâm in Seattle this week for Microsoftâs annual Build conference, where the software behemoth has announced a slate of new artificial intelligenceâinfused products meant to get developers to build and purchase AI agents from Microsoftâs Azure cloud.Specifically, Microsoft is leaning into the idea of advanced AI chatbots that are capable of carrying out increasingly complex tasks on their own, such as automatically monitoring a web server for outages and patching... Read more âș
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JPMorgan Chase has agreed to lend more than $7 billion to the firms building OpenAIâs giant artificial intelligence data center campus in Abilene, Tex., according to two people with direct knowledge of the deal. The deal with JPMorgan, which has not been previously reported, reflects continued interest from lenders and investors in backing the physical infrastructure needed to develop advanced AI software. Read more âș
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OpenAIâs been on a shopping spree.First, a $3 billion bid for Windsurf, the maker of a popular AI coding assistant formerly known as Codeium. And now, a whopping $6.5 billion acquisition of io, the AI device startup OpenAI CEO Sam Altman and former Apple design chief Jony Ive have been working on for a couple of years.That second deal shouldnât have come as a surprise to our readers, given that... Read more âș
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OpenAI CEO Sam Altman told staff Wednesday that he was aiming to ship 100 million AI âcompanions,â as a result of the companyâs $6.5 billion acquisition of io, the AI device startup started by Appleâs former design chief Jony Ive, according to a report from the Wall Street Journal. Itâs not ... Read more âș
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Last year, startup employees and early investors sold billions of their shares to other investors in private transactionsâmore than the amount raised by tech public offerings. With the public markets choppy, keeping initial public offerings at a minimum, that dynamic is expected to repeat this year. Defense startup Anduril, which arranged for investors to buy around $100 million in shares from employees at the beginning of this year, plans to... Read more âș
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Crusoe, which is developing OpenAIâs data center in Abilene, Tex., expanded its joint venture with asset manager Blue Owl Capital, raising $11.6 billion to help fund the rest of the project, the companies announced on Wednesday. Crusoe and Blue Owl previously announced a $3.4 billion ... Read more âș
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Tesla released a compilation video Tuesday of its Optimus humanoid robots that it says autonomously performed a variety of tasks, including throwing a trash bag into a bin and vacuuming the floor. Teslaâs CEO Elon Musk posted the video with the caption âthe biggest product ever.â Musk has said ... Read more âș
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Sam Altman seems to be trying to set a new world record for creating a vertically integrated tech company in as little time as possible. The deal he and former Apple design chief Jony Ive announced Wednesday, under which OpenAI will buy Iveâs AI hardware startup io at a valuation of $6.5 billion, is striking on a number of levels. And not just because OpenAIâs gauzy blog post is reminiscent... Read more âș
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Snowflake shares rose more than 7% after its first-quarter earnings, as the company hit $1 billion in quarterly revenue for the first time and exceeded its product revenue forecast by some $40 million. Investors seem to be on board with CEO Sridhar Ramaswamyâs plan for competing in a ... Read more âș
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Coreweave, the debt-laden data center builder, sold $2 billion in high-yield bonds, $500 million more than expected, a sign investors will continue to fund the costly buildout of artificial intelligence computing power. The funds will be used partly to repay Coreweaveâs outstanding debt, the ... Read more âș
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Microsoft planned to release a mobile app that would have let iPhone users purchase Xbox games last year, but has been unable to do so because Apple wouldnât let it collect payments through the store without taking a cut, Microsoft said in a court filing on Tuesday. Microsoft submitted the ... Read more âș
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Six years after Nike stopped selling through Amazon in favor of going direct to customers through its own stores and website, the two companies are getting back together. Amazon plans to start selling Nike products with supplies coming directly from the company, an Amazon spokesperson confirmed on Wednesday. Winning back one of the worldâs best-known brands is a victory for Amazon, which has long tried to expand its fashion business... Read more âș
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I spent Tuesday evening at the Italian Embassy in Washington, where I moderated a discussion about the growth of the creator economy and how governments should be thinking about working with influencers. The convergence of politics and creators has been building slowly over time. Case in point: 10 years ago, Michelle Obama invited Vine stars to the White House, which was an unusual choice of guest at the time. But... Read more âș
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Google is starting to experiment with showing ads in its chatbot-style AI Mode search tab, ads chief Vidhya Srinivasan announced on Wednesday at the companyâs Google Marketing Live conference. AI Mode, which has been in preview for people who opted in, launched to everyone in the U.S. who uses ... Read more âș
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OpenAI is acquiring io, an AI device startup started by former Apple design chief Jony Ive and OpenAI CEO Sam Altman, for close to $6.5 billion, according to a person with knowledge of the deal. The news confirms The Informationâs report last month that OpenAI was considering buying the startup. ... Read more âș
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Figure Technology, the fintech firm co-founded by former SoFi CEO Mike Cagney, said it sold a pool of $50 million loans that are backed by the borrowersâ crypto assets to Janus Hendersonâs private credit arm Victory Park Capital, opening up a new source of funding for its lending business. Itâs ... Read more âș
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Google seems to have finally learned its lesson about announcing products that arenât yet ready for release to the public. At its annual I/O developer conference on Tuesday, the company launched a flurry of products, many of whichâincluding its chatbot-style search tab AI Mode, its new Veo video model and its coding assistant Julesâwere immediately available for users.Reactions were largely positive. Developers told us that they were excited to try... Read more âș
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Banks are racing to embrace cryptocurrencies, triggered by pending legislation in Washington that could set off the biggest shift toward crypto yet in the traditional financial system. Banks and the companies whose technology underpins much of the finance industry say the shift could become clear as soon as this summer, when banksâ business customers would be allowed to pay overseas suppliers with stablecoins and consumers would be able to use... Read more âș
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Nvidia CEO Jensen Huang called U.S. export controls on artificial intelligence to China a failure, saying the restrictions empowered Chinese chip developers and caused Nvidiaâs market share in the country to decline. âLocal companies are very talented and the export controls gave them the spirit ... Read more âș
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Waymoâs co-chief executive officer Tekedra Mawakana said at Google I/O Tuesday that the self-driving car company has completed 10 million paid rides, including rides on the Waymo One app and the Uber app. The companyâs other chief executive officer, Dmitri Dolgov, said on X that half were from ... Read more âș
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Most popular sources
Business Insider
|
23% 16 |
MacRumors
|
13% 6 |
Wired
|
11% 9 |
Eurogamer.net
|
8% 8 |
Engadget
|
5% 3 |
| View sources » | |
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06.11.2025 07:39
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