Apple and the U.S. Department of Justice are in talks to settle the antitrust lawsuit the agency brought against the iPhone maker in 2024, Bloomberg reported . The discussions are active and Apple has made multiple offers this year to settle with the Justice Department, though it’s possible no settlement will be reached, the news outlet reported. The original lawsuit accused Apple of making

Shares of SpaceX fell around 4% on Friday morning, extending recent declines, after the company scrubbed a planned Starship test launch in Texas on Thursday evening. “Some of the engines didn’t start, triggering an automatic launch abort,” Elon Musk said in ​a post on X. “To ‌be ⁠confident of a good flight, 2 Raptors will be removed & replaced.” He added that the company will attempt

Tech stocks dropped sharply again on Friday, reflecting continuing negative sentiment about the risks for companies that are relying on AI for growth. Moonshot AI’s release of its latest AI model which outdoes most other leading models also appeared to fuel the selloff. The Nasdaq-100 index was down 1.8% late morning, Eastern time. Among the worst hit was Elon Musk’s SpaceX, whose shares fell

After Bill Papariella, a Fort Lauderdale, Fla.–based entrepreneur, sold his private jet charter business for nearly $1 billion in 2022, he took it easy for a couple years. But as the number of ultrawealthy continued to climb in the U.S., another business idea struck him: a company that offered ...

ChangXin Memory Technologies, China’s leading memory-chip maker, expects to raise at least 57.9 billion yuan ($8.6 billion) in its Shanghai initial public offering, according to a regulatory filing on Wednesday, moving ahead with what is set to be the biggest tech listing in China’s domestic stock market. The offering values CXMT at about 579 billion yuan ($86 billion), more than 300 times its

Chinese leader Xi Jinping on Friday called for “open source and open collaboration” in global AI development during a keynote speech at a government-hosted AI conference in Shanghai. “We should encourage inclusiveness and promote mutual learning among civilizations,” Xi said, according to a transcript published by the Chinese Ministry of Foreign Affairs. The Chinese leader also cautioned

Chinese startup Moonshot AI’s latest large language model is sending shockwaves through the global AI industry because of its frontier-level coding capabilities on some benchmarks. The new model, Kimi K3, is stirring debates whether the gap between Chinese open-source and U.S. frontier models labs is fast diminishing or even being closed. K3, unveiled on Thursday, is the world’s largest

Meta Platforms plans to hire Dave Brown, a senior executive at Amazon Web Services, The Wall Street Journal reported , the strongest indication yet that Meta is considering renting out its excess data center capacity to other companies. Meta has been pouring huge sums into expanding its AI data center capacity, to fuel its own AI model development, but Meta CEO Mark Zuckerberg has left open

Valar Atomics, a three-year-old startup that makes small nuclear reactors intended to power data centers and other industrial facilities, is in talks to raise $1 billion at around a $5 billion valuation before the investment, according to a person with knowledge of the deal. Sequoia Capital, ...

Busy day. Uber unveiled its biggest-ever acquisition, the roughly $14 billion purchase of Delivery Hero, a German-based food-delivery giant with operations around the world. Netflix reported slower growth for the second quarter, as it had telegraphed, sending the stock down 8% to a two-year low. ...

We just published our list of more than 160 enterprise software startups that could be acquired this year. To compile it, we screened hundreds of privately held companies and singled out those worth more than $1 billion that haven't raised a publicly announced financing since June 2024. To ...

Microsoft is preparing to release a new AI security product, internally codenamed Project Perception, to capture a piece of companies’ rising cyber defense spending. Set to debut as soon as this month, the product will use a combination of AI models from Anthropic, OpenAI, and Microsoft itself to sniff out software bugs similar to the way Anthropic’s Mythos model does and automatically fix the

Humanoid is finalizing plans to raise about $150 million in the first tranche of a Series A funding round that values the London-based robotics company at $1.2 billion, excluding the new funds, according to two people with knowledge of the funding. The company is aiming to raise between $80 and $100 million in an extension round by September, one of the people said. The other person said the

Netflix’s quarterly revenue growth slowed several points to 13.4%, fractionally below what it had projected, and the video streaming giant projected a further slowing to 11.7% growth in the third quarter. Shares of the company fell 8% in after-hours trading, to $68.40, its lowest point in two years, reflecting investor concerns about the company’s slowing growth. Netflix also narrowed its full

Earlier this week, I wrote about startups moving some of their workloads from Amazon Web Services and other traditional cloud providers to young challengers such as Nebius. That’s in part because startups are having trouble getting the Nvidia chips they need on AWS, sometimes because those chips ...

As a father to two young kids, Guanlan Dai sees a lot of similarities between AI agents and precocious children. Just as parents might childproof their house and avoid giving their kids access to credit cards, so too must developers limit the important files AI agents can access and how much the ...

It feels like there’s almost never enough time to get everything done in the run-up to a big event. If your company’s annual conference is coming up, that means you have a golden opportunity to connect with some of your most important prospects face-to-face. But it likely also means that you ...

Chinese AI developer Zhipu AI has completed the construction of a large-scale data center in China that only uses domestic chips, Bloomberg and Chinese media outlets reported. The new 1-gigawatt data center is the latest indication of how China’s AI sector is stepping up its effort to reduce its dependence on U.S. chips from Nvidia. How to secure enough computing resources is an urgent

Alphabet stock jumped 3% on Monday morning after The Information reported that Google was working on a new chip that could be 6 to 10 times more efficient than its current line of homegrown AI chips. The new chip, internally dubbed “Frozen v2,” works by etching the blueprint for Google’s Gemini AI model into the silicon, making the chip faster and more efficient by cutting down on the number

AI image generation company Midjourney on Wednesday launched the first of its long-awaited hardware projects: a full-body scanner for detecting diseases and other health issues. The company’s founder and CEO David Holz claimed the machine is more detailed than an MRI. Midjourney has spent years developing the scanners, he said during a launch event at Vita Brevis, a member’s only club in San