Decagon, which develops AI for automating customer service, is discussing raising equity funding from new investors at a valuation of $4 billion to $5 billion, according to two people with direct knowledge of the deal. The discussions come just five months after the company announced financing at a $1.5 billion valuation. The deal discussions suggest investor interest is still high for one of the most promising and increasingly crowded fields... Read more ›
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Ripple said it raised a $500 million strategic investment at a $40 billion valuation from investors led by Fortress and Citadel Securities, as it builds out relationships with traditional financial firms. Ripple provides crypto payments and issues a stablecoin, called RLUSD. It is also the ... Read more ›
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Apple is finalizing a plan to use Google’s artificial intelligence model to power an overhauled version of its Siri voice assistant, according to Bloomberg. Instead of building a large language model in-house to power a new Siri, Apple has been evaluating several external models over the past ... Read more ›
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Amazon escalated its legal battle against Perplexity with a lawsuit filed late Tuesday, as the e-commerce giant seeks to block the AI search startup from accessing Amazon’s site with its AI-powered browser, Comet. In the lawsuit, filed in U.S. district court in the Northern District of ... Read more ›
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Crusoe, a startup developing a large data center in Texas for Oracle and OpenAI, is arranging an employee share sale that values the seven-year-old firm at around $13 billion, according to two people with knowledge of the transaction. The deal involves selling around $120 million worth of employee shares and would value them at a 30% premium to an equity funding round Crusoe announced just weeks ago, these people said.... Read more ›
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Xpeng Motors, one of China’s biggest electric vehicle makers, on Wednesday announced a new version of its humanoid robot and said it now aims to start mass production of advanced humanoids by the end of next year. Xpeng, based in the southern city of Guangzhou, also said it will launch ... Read more ›
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Coding and financial services are two of the most common domains that people cite when I ask about the most promising applications of artificial intelligence. Now we have an example that combines both of them.Wednesday morning, corporate card issuer Brex announced a series of new “agentic” products, powered by Anthropic’s Claude models, that aim to help finance teams handle employee expense reimbursements and travel expenses. More interesting than the products... Read more ›
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In October, Thumbtack, a firm that helps people book home services professionals, agreed to make its app available through ChatGPT, as have a number of commerce firms eager to reach the chatbot’s 800 million weekly users. But Marco Zappacosta, Thumbtack’s CEO, isn’t worried that ChatGPT will replace his own app. “Booking a car on Uber is incredibly efficient as a user experience. Right now, it’s still clunkier to do that... Read more ›
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China has ordered new data centers that receive state funds to use only domestically produced artificial intelligence chips, Reuters reported. Chinese authorities recently instructed operators with data center projects less than 30% complete to remove foreign chips from their systems or cancel ... Read more ›
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Anthropic expects to generate as much as $70 billion in revenue in 2028, up from roughly $4.7 billion this year, The Information reported on Tuesday. The company’s fast revenue growth may encourage investors to back the company again in the coming months. The company would likely target a ... Read more ›
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Cue the violins. Perplexity on Tuesday accused Amazon of bullying it by demanding that the AI startup no longer allow its users to send their AI assistants to Amazon to buy stuff. The startup, which is an expert at public relations theatrics, published a long blog post entitled “Bullying Is Not Innovation,” in which it claimed to be “fighting for the rights of users” who are demanding the right to... Read more ›
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U.S. President Donald Trump said Tuesday that he’s re-nominated Jared Isaacman, a billionaire entrepreneur and ally of SpaceX CEO Elon Musk, to lead NASA. Trump had previously nominated Isaacman to lead NASA in December 2024 before withdrawing the nomination this May, citing unspecified “prior ... Read more ›
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K-Scale Labs, a one-year old startup developing humanoid robots, is shutting down, according to an email from CEO Ben Bolte to investors viewed by The Information. “The company currently has limited remaining runway and cash reserves of approximately $400,000,” he wrote. Bolte said he had ... Read more ›
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Pinterest revenue rose 17% year-over-year to $1.049 billion, roughly in line with the growth rate of the previous two quarters. Profits—before interest, taxes, depreciation and amortization— rose 24% to $306 million. But Pinterest stock tumbled more than 19% in after-hours trading after ... Read more ›
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Advanced Micro Devices said Tuesday its revenue rose 36% to $9.2 billion in the third quarter, beating its earlier projection by 8 percentage points. But AMD also projected revenue in the current quarter would rise 25% to $9.6 billion, plus or minus $300 million. That’s nearly 30 percentage ... Read more ›
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Before we get into today’s column, some breaking news: Roelof Botha, who has held the top role at Sequoia Capital for three years, announced he was handing the reins to two partners, Alfred Lin and Pat Grady. Botha, 52, took over Sequoia in 2022 just as tech stocks were plunging and VC firms including Sequoia were mopping up the excesses of their spending during the pandemic-era low-rate period. Before long,... Read more ›
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Amazon demanded Perplexity stop allowing its AI assistant to make purchases on Amazon’s site, setting off a war of words between the two companies. Perplexity accused Amazon of restricting “user choice and freedom” by limiting AI agents’ access. Amazon said it had repeatedly requested ... Read more ›
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Tony Kim, lead portfolio manager of the BlackRock Technology Opportunities Fund, said tech companies will have to shed their aversion to leverage and use debt to fund much of their capital expenditures for artificial intelligence. “There is no doubt that with the trillions of dollars of capex ... Read more ›
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Sequoia Capital partner Roelof Botha told the venture firm’s limited partners that he planned to pass the role of “senior steward,” the firm’s top role, to two partners: Alfred Lin and Pat Grady. Botha said he will transition to a new role advising the partnership while continuing to serve on ... Read more ›
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Google Cloud is likely to continue experimenting with different pricing models for its AI services for businesses, including some based on outcomes and others based on usage or even flat fees based on user numbers, according to a Google Cloud vice president Oliver Parker, in an interview on The ... Read more ›
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09.05.2026 12:16
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