Pure Tech

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Billionaire crypto entrepreneur Justin Sun on Tuesday sued World Liberty Financial, the crypto venture co-founded by President Donald Trump and his family, accusing the project and one of its co-founders of “criminal extortion” after he...

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CoreWeave’s shares are up 55% this month, but that rally tells just part of the story about the AI cloud provider. The company has tapped a range of sources for much-needed capital, giving it a commanding role in the AI build-out. ...

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Elon Musk rocked the business world again by announcing Tuesday that his rocket-satellite-social media firm SpaceX has signed a deal agreeing to buy AI coding app Cursor for $60 billion at an undisclosed later date or else SpaceX would pay...

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OpenClaw, the AI agent software that took the tech world by storm, is reckoning with a difficult choice: whether to transition from an experimental hacker project to a sustainable tool companies can reliably use. One of the fastest-growing...

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Google announced the first versions of its AI chips that are specialized for training and inference, expanding its competition with Nvidia. The search giant unveiled the new versions of its tensor processing units on Wednesday at the start...

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Chinese tech giants Tencent Holdings and Alibaba Group are in talks to invest in DeepSeek, the AI upstart that recently started fundraising for the first time, according to four people with knowledge of the conversations. DeepSeek, owned...

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Tencent, which has launched many products built on OpenClaw in China in the past few months, is now taking one of those products to the global market. The Chinese tech giant on Tuesday launched an international version of QClaw, an...

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Anthropic is investigating a report that a group of unauthorized users gained access to several unreleased AI models including Mythos, the model that Anthropic has withheld because of its capacity for cyberattacks, according to a...

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Elon Musk’s marketing pitch for the SpaceX IPO just got a bit more complicated. SpaceX’s revelation Tuesday afternoon that it was working closely with Cursor, the once-dominant coding firm, and might buy it for $60 billion, raises new...

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The weeks leading up to SpaceX’s initial public offering will test big ideas about the space industry and the future of artificial intelligence. It will also answer a more basic question: how well Morgan Stanley and Goldman Sachs can work...

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Adobe announced a new $25 billion stock buyback, the latest such move by an enterprise software firm whose stock has been hit by anxieties about the impact of AI on the industry. Adobe shares have fallen 29% so far this year. The...

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SpaceX increased its debt load by nearly two-thirds last year, to about $23 billion at the end of 2025 from $14 billion the year prior. That surge illustrated how much its acquisition of xAI added new financial obligations to the company,...

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Microsoft on Tuesday cut the price of its Xbox Game Pass subscription, which gives people access to hundreds of video games, to boost demand for the service, whose growth has slowed for years. The flagship Game Pass subscription price will...

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A wave of AI pricing changes is keeping customers on their toes. Anthropic, Salesforce, ServiceNow and Workday have shifted to charging for AI based on how much customers use, rather than a flat subscription fee, for instance. Now Adobe is...

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Prediction market Kalshi plans to offer crypto trading in the U.S., according to people familiar with the matter, putting it in direct competition with crypto exchanges such as Coinbase. Kalshi will enter the crypto market by offering...

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OpenAI has started to offer ChatGPT ad campaigns that charge advertisers based on how many people click on the ads, screenshots of the company’s ad manager show, confirming The Information’s report last week about the plans. The new ads...

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Snap’s Chief Financial Officer Derek Andersen is leaving the company early next month, Snap said late Monday, for a “new professional opportunity.” Andersen has been CFO since 2019. He will be succeeded by Doug Hott, who is vice president...

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Anthropic has quietly flourished in China thanks to businesses—including big tech firms and startups—circumventing Anthropic’s official restrictions on usage. That may soon change. Anthropic last week started requiring some customers to...

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Latin America’s largest tech firm, e-commerce and fintech juggernaut Mercado Libre, is on sale. The company’s share price has dropped 9% over the past 12 months even as its business has continued to rocket along at a 30%-plus revenue...

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DoorDash said it plans to offer stablecoin payments for merchants and delivery workers globally using Tempo, a new blockchain started by Stripe and venture firm Paradigm. The feature will allow faster and cheaper payouts by DoorDash, which...

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SpaceX’s confidential IPO filing includes new plans to award Elon Musk with tens of millions of shares if the company’s market cap increases to $6.6 trillion, The Information reported. The IPO prospectus, reviewed by The Information, also...

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Elon Musk increased his stake in SpaceX last year by purchasing $1.4 billion of stock from current and former employees, part of a series of moves leading up to the company’s initial public offering that increased his sway over the...

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Victory Giant Technology, one of Nvidia’s Chinese hardware suppliers, jumped as much as 60% on its debut on the Hong Kong Stock Exchange, as investors sought to capitalize on the global AI infrastructure boom. Shares of Victory Giant,...

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Chinese startup Moonshot AI released a new model that it says demonstrates significant advancements in coding, ahead of DeepSeek’s highly anticipated launch of its new V4 model, which also focuses on coding. Beijing-based Moonshot said its...

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Happy talk. That’s what you get when CEOs pass the baton, and so it was with Apple’s long-anticipated announcement that Tim Cook would give up the top job, effective in September. “I love Apple with all of my being,” Cook said in the...

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The unrelenting demand for AI data centers is spilling over into lesser-known companies that supply components for essential tasks such as cooling chip servers. Phononic, a 17-year-old company whose semiconductor components prevent...

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The most anticipated CEO transition in Silicon Valley is finally official. Apple on Monday announced that Tim Cook will pass the CEO baton to John Ternus, the company’s senior vice president of hardware engineering. The changeover will...

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Microsoft-owned GitHub said Monday it is restricting how much customers can use its Copilot AI coding tool and pausing new sign-ups for individual accounts as it struggles to handle an influx of traffic, triggering outages. The company is...

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Amazon is investing $5 billion into Anthropic now and will invest up to an additional $20 billion tied to commercial milestones, the companies said on Monday. The deal is on top of $8 billion Amazon previously invested in the artificial...

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Andreessen Horowitz said it had backed a new media company, MTS—an abbreviation of Monitoring the Situation—which will publish on Elon Musk’s X, “interviewing the main characters of the moment all day long.” The new company “aims to be the...

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The rush to build and finance AI data centers has created a new kind of stress for CFOs at companies developing them. Some executives at these firms tell me they are struggling to keep their books accurate and move money from their lenders...

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If you’ve been on X or Reddit in recent weeks, you’ve likely seen images created by an upcoming model from OpenAI floating around. Sharp-eyed people have pointed out that the new model is potentially being tested with some ChatGPT users...

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Google has assembled a strike team of researchers and engineers to improve its AI coding models, according to three people with direct knowledge of the situation, as it looks to automate more of its own coding and ultimately its AI...

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Predictions site Polymarket is in discussions with investors about $400 million in funding at around a $15 billion valuation, which would add to $600 million that Intercontinental Exchange recently invested in the company, The...

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The predictions site Polymarket is talking to investors about raising $400 million in funding at a valuation of about $15 billion including the new money, according to two people familiar with the talks. The financing would add to the $600...

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The National Security Agency is using Anthropic’s powerful new AI model, Mythos Preview, even though the agency’s parent, the Department of Defense, has sought to blacklist the AI startup from government contracts, Axios reported. Axios...

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Vercel, a cloud development platform, on Sunday said a security breach allowed an attacker to gain unauthorized access to data for a “limited subset of customers.” In a post on X, Vercel CEO Guillermo Rauch said the attack began when...

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If you’ve never visited Las Vegas, this week might be the time. Adobe and Google Cloud are both having big shows there this week, with Adobe kicking off its customer summit tomorrow and running through Wednesday. Google Cloud Next,...

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Jeff Bezos’ rocket company Blue Origin completed the third mission for its New Glenn rocket, which mostly went as planned. On Sunday morning, the rocket’s booster successfully landed on a barge in the Atlantic Ocean off the coast of...

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Ask Washington’s most plugged-in politicians and lobbyists which Chinese chip company is the biggest threat to Nvidia and you’ll hear one name: Huawei Technologies. Nvidia CEO Jensen Huang has repeatedly cited Huawei’s rising prominence in...

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Google is in talks with Marvell Technology to develop two new chips aimed at running AI models more efficiently, according to two people with direct knowledge of the discussions. One is a memory processing unit designed to work alongside...

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Anthropic has received expressions of interest from investors who want to put money into the AI startup at an $800 billion valuation, but the company has no current plans to raise money. Those were among the details in a profile of...

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SemiAnalysis, the AI and semiconductor research firm, which also publishes a widely read industry newsletter, expects to do more than $100 million in sales this year, marked growth from a year earlier. SemiAnalysis did closer to $20...

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Anthropic CEO Dario Amodei met with White House Chief of Staff Susie Wiles and Treasury Secretary Scott Bessent on Friday, in what both sides described as a “productive and constructive” discussion, according reports in Axios and The New...

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Welcome, Weekenders! In this newsletter: • The Big Read: The rise of SemiAnalysis’ Dylan Patel, Silicon Valley’s favorite AI commentator  • Plus, Recommendations—our weekly pop culture picks: “The Obit Project,” “Disneyland and the...

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These days, Anthropic is a crowded place: a startup with its own in-house philosopher, researchers devoted to preventing Armageddon and a CEO willing to go toe-to-toe with the Pentagon. And then there’s Chief Financial Officer Krishna Rao,...

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Andreessen Horowitz and Thrive Capital are in talks to co-lead a $2 billion investment in coding assistant startup Cursor at a $50 billion valuation before the investment, according to people familiar with the matter. The two firms first...

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Lawyers for Elon Musk said Friday that they may drop their fraud claims against OpenAI in his case charging the ChatGPT maker with violating its charitable mission and breaking promises to Musk. Dropping the claims would make Musk’s legal...

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Meta Platforms plans to lay off of around 8,000 employees next month, with further job cuts expected to occur in the second half of the year, Reuters reported. The initial wave of 8,000 layoffs is scheduled to begin May 20 and will account...

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Kevin Weil, a member of OpenAI’s management team and a former executive at both Meta Platforms and Twitter, is leaving the AI firm, according to a post the executive made on X. Weil, who has been at OpenAI since mid-2024, was at one time...