Nvidia is jumping into the self-driving car technology market, unveiling a deal with Uber to partner on production of thousands of vehicles that can run as robotaxis on Uber’s service. Stellantis, maker of Fiat and Chrysler, will produce the cars. Uber said 5,000 of the cars will be delivered ... Read more ›
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Nvidia on Tuesday said that it would invest $1 billion in Nokia, the Finnish telecommunications company that provides network equipment and software. As part of the deal, Nokia will adopt Nvidia’s new telecommunications hardware that is designed for artificial intelligence. “We’re going to ... Read more ›
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OpenAI on Tuesday completed a yearlong restructuring that will allow it to one day go public, when it could raise tens of billions of dollars to help fund its costly artificial intelligence. The company will continue to be effectively controlled by a nonprofit board of directors, although the restructuring has converted the investments made by OpenAI’s various backers into regular equity. That gives financial backers including Microsoft, the biggest shareholder,... Read more ›
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Adobe and Google have been working together as industry partners for nearly two decades, and now AI is bringing them closer. In an expanded agreement between the companies, Adobe customers will be able to use Google’s latest AI models to power applications like Photoshop and Premiere. The deal ... Read more ›
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Giant tech companies are wreaking havoc on chipmakers, outcompeting them or shifting to new suppliers, and that’s spurring a dealmaking spree in the industry. We broke news last night about the largest chip deal of the year, Skyworks Solutions buying rival chipmaker Qorvo for $10.6 billion. Both companies, which make radio frequency chips for mobile phones, have been hit by a decline in their sales to Apple. Over the weekend,... Read more ›
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OpenAI on Tuesday said that it completed its corporate restructuring into a public benefit corp., clearing the company’s path to an eventual public offering. Microsoft, which had invested more than $13 billion into the company, holds a 27% equity stake in the company worth $135 billion based on ... Read more ›
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Securitize, which helps asset managers put their products on the blockchain, said it will go public through a merger with a special purpose acquisition company in a deal that values the firm at $1.25 billion in pre-money equity. Securitize, which is backed by BlackRock, will merge with Cantor ... Read more ›
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Microsoft last year got more aggressive about getting people to pay up for artificial intelligence features in its Office productivity suite, such as those that draft emails or summarize documents. It began including AI features by default and raising the baseline price of Office for individual consumers by 30%. The maneuver paid off, as revenue from that business line has been growing at its fastest rate in years. Read more ›
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Livestream shopping app Whatnot announced a $225 million fundraising Tuesday at a valuation of $11.5 billion, more than double the level at which it last raised. The round was led by existing investors DST Global and Capital G, and included other investors like Sequoia Capital, Greycroft and ... Read more ›
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Skyworks Solutions, which supplies radio frequency chips to Apple and other smartphone makers, is acquiring its main rival Qorvo for $10.6 billion in a combination of cash and stock. The news, announced Tuesday morning, confirmed a report in The Information late Monday night. Skyworks’ ... Read more ›
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When OpenAI released its Sora video app last month, it seemed like an attempt to develop a TikTok-like viral video service with artificial intelligence at its core. And in some ways, usage of Sora has echoes in how TikTok is used.In a recent all-hands, OpenAI CEO Sam Altman told employees that 20% to 30% of Sora users created AI-generated videos through the app but a majority of those people then... Read more ›
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Microsoft will get a 27% stake in OpenAI valued at $135 billion and will retain the rights to use the startup’s intellectual property through 2032, the companies announced on Tuesday. Microsoft will give up its right of first refusal over OpenAI’s compute contracts, which had meant OpenAI had to ... Read more ›
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Amazon is cutting around 14,000 corporate jobs, human resources executive Beth Galetti wrote in a memo published by Amazon Tuesday. The job cuts are aimed at “further reducing bureaucracy, removing layers, and shifting resources to ensure we’re investing in our biggest bets,” she wrote. The ... Read more ›
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It took a year and some financial acrobatics, but Meta Platforms and a small army of bankers and lawyers were able to secure funding for a $27 billion data center project without doing any immediate damage to the company’s finances. A private letter from the Securities and Exchange Commission helped seal the deal. How Meta and Morgan Stanley pulled off the fundraising, and whether other companies racing for dominance in... Read more ›
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Seres Group, a major electric vehicle maker in China, is looking to raise $1.7 billion in a Hong Kong listing, according to the company’s filing with the city’s stock exchange. The Hong Kong listing of Seres, whose shares are already listed on the Shanghai Stock Exchange, comes amid a market ... Read more ›
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Skyworks Solutions, which supplies radio frequency chips to Apple and other smartphone makers, held talks in recent months to buy Qorvo, a rival with a market capitalization of more than $8 billion, according to people familiar with the matter. The acquisition talks follow warnings by both companies that sales to their biggest customer, which they previously said was Apple, were weakening because other rivals were winning business. It couldn’t be... Read more ›
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Online education firm Chegg is laying off 388 employees—around 45% of its workforce—due to the “new realities of AI,” which includes reduced website traffic and revenue stemming from Google’s practices of including AI summaries atop search results. It’s the latest sign of trouble for Chegg, ... Read more ›
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Another day, another chip company-A deal. This time, it’s Qualcomm, best known for its mobile phone chips (such as the modem in most iPhones). What Qualcomm is not known for is selling chips for data center servers, despite its valiant attempts to do so in the past. Will this time be different? We’ll see. At least Qualcomm has a customer for its AI chips—Humain, the Saudi Arabian AI startup that’s... Read more ›
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Forge Global, a publicly traded platform for trading stakes in privately held startups, is exploring a sale, the Financial Times reported. Shares of Forge Global jumped more than 13% on Monday. The company is working with Financial Technology Partners, an investment bank that specializes in ... Read more ›
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Shares in Qualcomm soared more than 12% after the semiconductor company said it would make artificial-intelligence chips and struck a deal to provide them to Saudi Arabia’s Humain. The announcement on Monday, the first day of Saudi Arabia’s annual Future Investment Initiative conference, made ... Read more ›
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09.05.2026 14:52
Last update: 14:45 EDT.
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