Mercor, a three-year-old data startup whose army of contractors teaches AI to give better answers, is growing fast but relies heavily on revenue from AI foundation model companies, financial documents seen by The Information show. The company generated $614 million in gross revenue in the first ...

Ant International, an overseas affiliate of Chinese financial technology giant Ant Group, said it had raised about $1.2 billion in a funding round to further expand its global payment network. Ant Group and its affiliate Alibaba Group, as well as other global institutional investors, participated in the funding round, Ant International said, without disclosing the names of the institutional

How protectionist is the Trump administration? Sure, President Donald Trump loves tariffs. But does he really want to drive up AI costs for U.S. business by banning Chinese open-source AI? Chatter about that is growing in the wake of a story we published on Saturday, which revealed that the ...

Chris Fall, the director of the Commerce Department’s Center for AI Standards and Innovation, is resigning after just three months on the job, a Commerce Department spokesperson confirmed. Axios earlier reported the news. Dr. Arvind Raman, the director of the National Institute of Standards and Technology, which houses CAISI, will serve as acting director, the spokesperson added. Originally

The last thing a consumer pondering the purchase of a new electric truck might think about is the origin of the 17-digit vehicle identification number that vehicle authorities everywhere use to keep track of cars and trucks. For Chinese long-haul truck startup Windrose Technology, though, the ...

Thursday’s release of a surprisingly sophisticated new open-source AI model from Beijing-based startup Moonshot has ignited debate over whether China’s developers are erasing the gap with the dominant models from America’s AI firms.There is little question that Moonshot’s Kimi K3 is impressive. ...

A sell-off in the triumvirate of memory chip stocks this month—Samsung, SK Hynix and Micron Technology—has presented investors with a fresh opportunity to get exposure to the fast-growing sector. But investors buying in now have to be willing to dismiss the worries that sparked the sell-off—that ...

Google is working on a new server chip that would directly integrate the blueprint of its Gemini AI model, enabling the company to serve its AI models to users much more efficiently, according to two people with direct knowledge of the matter. Google intends the new chip, informally dubbed “ ...

Chinese startup Moonshot AI, whose powerful new open-source model is upending Silicon Valley, is seeking formal approval from investors to begin preparations for an initial public offering in Hong Kong, according to two people with knowledge of the matter. The Beijing-based company recently distributed a shareholder resolution regarding its IPO plan, according to the people. The timing of its

Chinese tech giant Alibaba Group has unveiled a preview version of Qwen3.8 Max, its latest and most powerful model, saying its performance is comparable to that of top U.S. models. Alibaba said in a post on X that it believes Qwen3.8 Max, its largest-ever model with 2.4 trillion parameters, is “second only to [Anthropic’s] Fable 5.” Alibaba’s announcement comes just a few days after Chinese

It’s midsummer, but now is not the time to be on the beach. This week, we’ve got Alphabet, Google’s parent, and Tesla reporting second-quarter earnings, and the week after, we’ll get Meta Platforms, Amazon, Microsoft, Apple and PayPal, a company in the takeover spotlight right now. Of most ...

U.S. stock sales are on track for a record this year, as massive offerings from SpaceX, Alphabet and others push totals past a 2021 high. More sales are coming. Anthropic is headed for an initial public offering as soon as September. And bankers are pitching other public tech companies on ...

Enterprise software firm Monday.com said Wednesday it plans to cut 20% of its workforce in the second half of ths year to “support a leaner, more focused operational model” as it continues to invest in AI. The planned job cuts, which would affect around 600 people, is the latest in a series of reversals by the Israeli company on staffing. Last fall it had discussed expanding its workforce by

The U.S. and China are set to hold talks over AI in September, as the tech rivalry between the two nations escalates, Reuters reported, citing people familiar with the matter. It would be the Trump administration’s first official AI-focused talks with Beijing. The exact dates haven’t been finalized yet, but the talks, led by Treasury Secretary Scott Bessent on the U.S. side, are likely to take

Building an AI supercampus increasingly means paying more than you bargained for. Oracle’s attempt to salvage a proposed $165 billion project on the rocks in New Mexico is a recent example.The cloud provider earlier this year was planning to spend billions of dollars to build its own natural-gas ...

Welcome, Weekenders! In this newsletter:• The Big Read: Trump’s AI agenda collides with reality• Tech Culture: Welcome to the great private jet drought• Plus, Recommendations—our weekly pop culture picks: “Gastronomics,” “Catch the Devil” and “The Invite”At the dawn of the AI boom, the ...

In January 2025, just three days after entering office for his second term, President Donald Trump signed an executive order that revoked many of the Biden administration’s efforts on AI. The order was part of Trump’s promise to take a light-touch approach to AI regulation, rolling back what he ...

OpenEvidence, the fast-growing startup that helps doctors find medical information through an AI chatbot, has considered raising $200 million after receiving offers from investors at a valuation of around $20 billion, according to a person involved in the discussions. The company is unlikely to ...

Databricks said it is raising new funding led by Coatue Management at a valuation of $188 billion, a 40% increase from its valuation after its last funding in December and higher than the $175 billion valuation The Information reported last month that the company was considering. The AI firm is raising $3 billion, according to The Wall Street Journal, which first reported the higher

OpenRouter, which helps app developers access hundreds of AI models, has discussed a potential sale to a bigger tech company that could value the startup at billions of dollars, a steep premium to its $1.3 billion valuation, people familiar with the matter said. The discussions reflect a swell ...