Pure Tech

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Anthropic signed a deal to rent $35 billion worth of compute capacity from Nvidia-backed cloud provider Lambda Labs, The Wall Street Journal reported Monday. Nvidia, an investor and supplier to Lambda, will supply its chips for the data...

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Stripe co-founder Patrick Collison might have a career as a newspaper editor if this whole payments thing doesn't work out. His weekend X post expressing “surprise at how little media coverage there’s been around the OpenAI / Hugging Face...

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Humain, the Saudi state-owned AI company founded last year, announced a series of partnerships with U.S. startups on Monday tied to data centers in Riyadh and Dammam. Together AI, which rents out computing power to developers who train and...

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Communities that don’t want data centers will end up being “backwards and poor,” President Donald Trump said on Monday, signaling his backing of the politically-charged industry ahead of the upcoming midterm elections. “If we kill the...

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Andreessen Horowitz said Monday it had raised an additional $1.75 billion for its fifth growth fund, bringing the total raised to $8.5 billion. Andreessen Horowitz raised $6.75 billion for that fund back in January. The firm said it raised...

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The Federal Trade Commission and attorneys general from 22 states sued Amazon for overcharging its advertising customers by allegedly manipulating ad auctions. Advertisers promoting their products on Amazon’s marketplace buy ad spots where...

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After 15 years leading Apple, Tim Cook is stepping down as chief executive on Monday. And while he is committed to a smooth transition and continuity to the tenure of John Ternus—senior vice president of hardware engineering, who...

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OpenAI’s advertising business has reached $1 billion in annualized revenue run rate, the company said Monday, suggesting it is likely to fall well short of the $2.4 billion in ad revenue it had projected for 2026. The ChatGPT creator...

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For all the talk of robots that look like humans, the next robots to move into people’s houses could look more like ducks. Sales of such a robot, made by open-source model platform Hugging Face, reached more than $2.5 million on its first...

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What does Wall Street have against CoreWeave? Shares of the neocloud have been stalled for the past 12 months, even as the stocks of rivals such as Amsterdam-based Nebius and Australia-based Iren have soared. That’s despite the fact that...

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Nvidia invested $3.5 billion in convertible bonds issued by Taiwanese chipmaker MediaTek, Nvidia said, the latest sign of collaboration between the two companies. MediaTek will now formally produce Nvidia’s NVLink Fusion chiplets, switches...

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China’s leading memory-chip maker, ChangXin Memory Technologies, has begun producing advanced high-bandwidth memory in small quantities, a milestone that could ease a key constraint on the country’s development of homegrown AI processors....

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ChangXin Memory Technologies (CXMT), China’s leading memory chipmaker, is suing the U.S. Department of Defense as it seeks a removal from a Pentagon blacklist identifying it as a Chinese military-linked entity. CXMT denied any affiliations...

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OpenAI in recent months has started giving some major customers the option of paying only when its AI completes tasks like handling customer support interactions, The Information reported Sunday. The move comes as Salesforce and a host of...

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Tim Cook winds up 15 years as Apple CEO tomorrow, succeeded by John Ternus, which is probably the most significant event of the week in tech. We can’t call it news, as it was announced a few months ago, but it’s worth taking note of now...

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As software firms sell more AI, they are shifting from subscription fees to charging based on how much customers use it and whether it actually helps their business. Salesforce shows how complicated this transition may be. A provider of...

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The hottest products at Apple right now are not the iPhone, the iPad or a buzzy new show on the company’s streaming service. They are two of the lowliest members of Apple’s venerable Mac product line: its boxy Mac mini and Mac Studio...

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SpaceX CEO Elon Musk on Saturday responded to The Information’s report that his company was laying the groundwork for a foundry to build turbine vanes and blades to avoid a power shortage for AI data centers. “By doing in-house casting [of...

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Elon Musk intends to bypass the power supply chain for AI data centers in a way others assumed was impossible, by making highly complex components himself.  It’s a move no one else has been bold enough to attempt.

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• The Big Read: Notion makes an all-in bet on AI  • How ‘tax alpha’ mania took over Silicon Valley  • Plus, Recommendations—our weekly pop culture picks: “The Flood,” “Crossing the Wine-Dark Sea” and “American Doctor” A group of...

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Brent Sullivan, a Seattle-based author of an influential newsletter on taxes and personal finance for the wealthy, got an urgent call last month from a longtime SpaceX employee. The employee was sitting on a tidy nest egg from their newly...

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OpenAI said Friday night that it will terminate its contract to provide its AI models to coding assistant Cursor following Cursor’s $60 billion acquisition by Elon Musk’s SpaceX. The move escalates the high-profile feud between OpenAI CEO...

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Andreessen Horowitz raised $1.1 billion for a fund that will invest in physical AI and infrastructure startups, the firm announced Friday. The money will be used to back companies building chips, memory, networking, storage and other...

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Prediction markets startup Kalshi was dealt a setback by a federal appeals court that Friday ruled states had the right to regulate prediction markets, increasing the likelihood the company will turn to the Supreme Court to intervene in a...

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PayPal shares tumbled 12% on Friday after a Bloomberg report that Stripe and private equity firm Advent International had abandoned their attempt to buy the company. Shares of PayPal fell to $54 as of Friday morning, lower than the...

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As AI has reordered Silicon Valley, it has ushered in an adapt-or-die reckoning for quite a few members of tech’s older generations. That’s true even for 13-year-old Notion, which shot to popularity in the 2010s with a slick note-taking...

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Soon after President Donald Trump began his second term in office in 2025, the White House announced it would undo export controls the Biden administration had imposed on advanced AI chips to slow the technical progress of geopolitical...

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Chinese tech giant Tencent Holdings on Friday launched a preview version of its new flagship open-source model, Hy4, which demonstrates a significant improvement in performance from its predecessor. Benchmarks and early feedback on Hy4...

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Chinese AI firm Z.ai’s new open-source model is generating a lot of buzz because of its near-frontier capabilities at super low costs. This further intensifies the price competition in the global AI model market. The new GLM-5.3 Flash...

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A federal judge ruled that the Defense Department must end its blacklisting of Anthropic in a blistering decision that accused the Trump administration of violating the AI company’s First Amendment rights. The decision, issued late...

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Over 100 companies from tech, finance and other industries signed a statement that OpenAI published Thursday calling for an industry-wide effort to protect critical infrastructure, including hospitals and water treatment plants, from AI...

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Forget the SaaSpocalypse! It's a SaaS renaissance (SaaSaissance, anyone?). Shares of Salesforce rocketed 23% on Thursday, leading a recovery for many of the most beaten-down software stocks, including ServiceNow, Figma and Asana, after...

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China hasn’t held the same opportunities for U.S. venture capitalists it once did, given a crackdown by both countries on cross-border tech investments. But U.S. VCs are still hungry for insights into the country’s tech startups, whose...

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Workday, whose software is used by HR and finance teams, said revenue growth slowed slightly in the July quarter, underscoring how enterprise software companies have yet to show that AI can boost their revenue meaningfully. Shares...

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Revenue is surging at Cognition and several other AI application providers, previously unreported data show, offering some reassurance to investors and hardware suppliers that startups can thrive despite competition from Anthropic and...

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Anthropic has been working on a plan to let existing shareholders sell some stock in its blockbuster initial public offering while also considering longer-than-usual lockup periods for sales after it’s public, people familiar with the...

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The Trump administration has internally circulated a draft executive order in recent weeks, calling for the creation of a self-regulatory organization for AI companies that produce state-of-the-art models, according to two people who have...

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AI is speeding up chip design. That was a key theme in conversations I had this week with engineers, researchers and a handful of startups pitching AI-driven design help at the annual Hot Chips semiconductor conference in Palo Alto,...

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Polymarket has inked a fresh deal to get access to high-speed data and streaming video content for more than 20 sporting associations, a sign that leagues are warming to prediction markets even as their legal status in the U.S. remains...

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Gibson Dunn, a Los Angeles-headquartered law firm well-known for its litigation practice, has hired tech lawyer Jonathan Ashtor from New York law firm Paul Weiss, according to a release reviewed by The Information. The hire is the latest...

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SoftBank is in talks to buy a majority stake in 1X Technologies, an OpenAI-backed humanoid robot developer, The Information reported late Wednesday. The investment would support SoftBank’s robotics ambition and give 1X more runway to...

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About 1,200 AI agents that were supposed to be isolated from each other communicated over a makeshift message board they created using one of OpenAI’s software programs, of which about 700 went on to participate in last month’s cyberattack...

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SoftBank is in talks to buy a majority stake in 1X Technologies, an OpenAI-backed humanoid robot developer, in a deal that would value the startup at about $6 billion, according to people with knowledge of the deal. The investment would...

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Instinct, a startup whose AI assistant connects to users’ applications and performs tasks on their behalf, is raising a Series B at a $2.5 billion valuation in a round led by Index Ventures and Benchmark, said a person with direct...

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You couldn’t miss the disconnect in the AI discussion among major tech figures on Wednesday. Microsoft co-founder Bill Gates warned in a lengthy essay about the dangers posed by the technology, noting that he would support a global...

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Meta Platforms has fought one of its biggest court battles to an expensive draw. But lawyers scrutinizing Wednesday’s $18 billion settlement agreement with states said it won’t likely help the social media giant in its wider legal war over...

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Nvidia’s revenue rose 106% to $96.2 billion in the three months that ended in July, or 21 percentage points higher than the growth it reported in the previous quarter. The company said growth would cool a bit, to 89.5%, in the current...

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Salesforce stock rose more than 13% in after-hours trading Wednesday after the enterprise software giant reported 11% growth in July quarter earnings and boosted its full year revenue guidance to as high as $46.4 billion from $46.2...

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Investors have been hunting for anything but AI. That search has sent bursts of billions of dollars into typically ho-hum parts of the market like insurers and small-cap stocks, where they can have an outsize impact.  One place that...

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Shares of Datadog rose as much as 5% Wednesday morning after The Information reported that Palo Alto Networks explored an acquisition of the data software company last year. Palo Alto Networks CEO Nikesh Arora met with Datadog CEO Olivier...