China and the U.S. will discuss the future of TikTok during trade negotiations between the two countries in Spain scheduled for next week, a spokesperson for the Chinese Ministry of Commerce confirmed. Bloomberg reported that the U.S. Treasury released a schedule for the talks that also ... Read more ›
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Apple has delayed the launch of its new iPhone Air in China, various news outlets reported, due to regulatory issues relating to its eSIM-only arrangement. The delay confirms The Information’s reporting from last November that the lack of a physical SIM card tray—which is required in China—could ... Read more ›
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Nvidia is stepping back from its nascent cloud computing business, which had put it in quasi-competition with Amazon Web Services. It has lessened its efforts to attract businesses to the cloud service, dubbed DGX Cloud, said a person with direct knowledge of the situation. Instead, Nvidia plans to primarily use the service, which consists of servers powered by its AI chips, for its own researchers, this person said. Employees use... Read more ›
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We got big news this afternoon from the folks at OpenAI and Microsoft: They are close to a peace deal. Yes, after nearly a year of talks over changes to their partnership, the companies announced they had signed a “non-binding memorandum of understanding for the next phase of our partnership.” Contractual terms now have to be finalized. Hmmm. That sounds like a deal you have when you don’t really have... Read more ›
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Microsoft and OpenAI have reached a tentative, nonbinding agreement about the two companies’ partnership, the two companies announced on Thursday, as the ChatGPT maker moves to restructure its business so it can eventually go public. The restructuring would turn OpenAI’s stock from ... Read more ›
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At the historic Palace Hotel in San Francisco, Goldman Sachs is wrapping up three and half days of its annual Goldman Sachs Communacopia + Technology Conference.Attendees were mostly in a buoyant mood, but not because this week is on track to be the biggest of the year for initial public offerings. Instead, the biggest pop during the conference came from Oracle, a 48-year-old tech stalwart, whose stock jumped 36% on... Read more ›
1
Figure Technology, the blockchain-based lender co-founded by former SoFi CEO Mike Cagney, jumped 44% in its opening trade after raising $787.5 million in an initial public offering. Figure, listed on Nasdaq under the ticker FIGR, started trading Thursday at $36 per share, above its IPO price of ... Read more ›
20
Vantage Data Centers raised $1.6 billion led by an affiliate of Singaporean sovereign wealth fund GIC and the Abu Dhabi Investment Authority to expand in Asia. One of the largest data center developers in the US, Vantage is raising $25 billion in debt and equity to build a facility in Texas for ... Read more ›
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Oracle chair Larry Ellison is backing his son David’s Paramount in preparing a mostly cash offer for Warner Bros. Discovery, the Wall Street Journal reported on Thursday, sending WBD stock up 20%. At a price of around $15, where the stock is now trading, WBD would cost $71 billion including ... Read more ›
0
Enterprise search startup Glean has attracted customers and venture capital thanks to an AI search tool that lets employees quickly find corporate files and data in all of the apps their companies use. But Mike Cannon-Brookes, the CEO and co-founder of productivity app Atlassian, thinks his company is ahead of Glean in enterprise search—despite launching its rival product three years after Glean did.Cannon-Brookes said in an interview on The Information’s... Read more ›
0
Index Ventures has hired a new partner for its New York office. Sahir Azam joins the firm from database business MongoDB, where he was chief product officer. News of the hire hasn’t previously been reported. Azam plans to invest in a range of sectors, including data infrastructure and security, ... Read more ›
0
Former Shopify COO Kaz Nejatian is taking the top job at Opendoor with a compensation package entirely based on reviving the company’s stock price, according to a securities filing Thursday. Nejatian, whose departure from Shopify was disclosed on Wednesday ahead of Opendoor’s announcement of his ... Read more ›
2
Temu is looking to hire U.S. government relations staffers who can make the fast-fashion giant’s case to lawmakers as it contends with the fallout from tariffs and trade talks, according to two people with knowledge of the strategy. The move to build a team in Washington D.C. would be a dramatic ... Read more ›
0
The most popular consumer internet services usually figure out how to make money even after a decade or more of losses. Amazon, Uber, Netflix and Snap all started generating cash by raising prices or leveraging their large audiences to sell ads or other services. OpenAI’s growing audience would seem to put it in a similar position. Its three-year-old ChatGPT business is closing in on 1 billion users and $10 billion... Read more ›
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Despite the widespread hype around AI, its adoption in the enterprise is facing challenges. How are CEOs handling the high costs of implementing AI and the difficulty in demonstrating a return on investment? We asked our new Deep Research tool and got the following answer. Read more ›
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Chinese tech giants Alibaba Group and Baidu have begun using their own internally designed chips to train their artificial intelligence models, partly replacing AI chips made by Nvidia, according to four people with direct knowledge of the moves. The move is the latest sign that a decoupling of Chinese AI development from the Western semiconductor ecosystem is underway. Until recently Chinese firms were entirely dependent on Nvidia chips for most... Read more ›
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When OpenAI two months ago agreed to rent an unfathomably large amount of data center capacity from Oracle (4.5 gigawatts, or enough to power several large cities), we thought the market would have priced in the eventual mammoth revenue from that publicly announced deal. We were wrong.On Tuesday, Oracle disclosed that computing contracts would bring in more than $300 billion in additional revenue in the next five years. While it... Read more ›
12
Just over a week after a federal judge ordered Google to share its search data with rivals, the limitations of the judge’s order have become more clear—as have the doubts about whether rivals will be able to take advantage of it. The order was designed to weaken Google’s monopoly in search by allowing smaller search rivals to get access to a variety of its data, including raw search results and... Read more ›
2
Physical Intelligence, a startup developing large artificial intelligence models to power robots, is in talks with investors to raise additional venture capital at a valuation of about $5 billion, according to two people who have recently spoken to the company. A financing at that valuation would more than double the price investors awarded the San Francisco startup in November. The company, founded in early 2024, is one of several startups... Read more ›
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Years from now, today may be remembered as the moment of peak euphoria for artificial intelligence. Not only did Oracle’s stock jump 36%—thanks to the company’s stunningly optimistic forecast for AI-related cloud revenue growth—but the enthusiasm spread to a range of companies that may not get the same boost from AI.I’ll be quick with the caveats, because predictions like this are almost always wrong. AI is being adopted at a... Read more ›
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16.03.2026 15:59
Last update: 15:50 EDT.
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