Related Digital and Blackstone finalized financing for a $16 billion data center campus in Michigan being built for Oracle, the latest in a series of projects planned for Oracle to rent computing capacity to OpenAI. In a statement on Friday, Related Digital said the financing includes equity from itself and Blackstone as well as debt financing “anchored” by PIMCO funds. The campus will be in

Dozens of enterprise software firms have shifted away from charging customers flat, per-user subscription fees as AI threatens their seat-based pricing model. By the end of 2025, 79 of the 500 software companies tracked by former OpenView partner Kyle Poyar, including HubSpot, Adobe and ...

In a festive merger, the glitterati and the technorati combined forces in Los Angeles a week agofor the annual Breakthrough Prize black-tie gala, which hands out million-dollar awards to the world’s leading scientists.

Nvidia CEO Jensen Huang cuts a distinctive image, habitually clad in one of his many leather jackets. But it wasn’t Huang’s outfit that caught the attention of another tech founder who saw him in Manhattan last year: it was the phalanx of security guards walking behind him. “He had a posse,” ...

When Alicia Kalogeropoulos was first diagnosed in 2018 with brain cancer, she underwent surgery, and three years later, she enrolled in a clinical trial for a pill that worked to keep her disease in check for years. In February, Alicia and her husband Alex received grim news: Her tumor had ...

Nvidia shares closed at an all time high of $208.27 on Friday, giving the company a market capitalization of $5.06 trillion, marking a new stage in the AI chip’s dominance. While Nvidia’s stock had closed at $207 in late October, it had mostly traded in a tight range between $170 and $190 since last summer. The latest rally reflects a new burst of optimism about the tech industry, likely

The artificial intelligence era’s biggest legal battle heads to a showdown next week, as Elon Musk and OpenAI CEO Sam Altman are scheduled to face off in a federal courtroom in Oakland, Calif., over the future of the company that pioneered the AI boom. The trial in Musk’s lawsuit against Altman, ...

Google has agreed to invest up to $40 billion in Anthropic, deepening a multi-pronged relationship that also includes a major expansion of Anthropic’s access to AI servers. The search engine company, an early backer of Anthropic, will initially invest $10 billion in at a $350 billion valuation, according to a source close to Google. That’s the same valuation at which Anthropic raised money

Last year, Pat Gelsinger found himself pondering a thorny, existential question: What should he do with his life after Intel? The chipmakerhad unceremoniously oustedhim in December 2024, and shortly after, his wife Linda gave him a firm nudge. “You’re not done yet,” she told him, as Gelsinger ...

Meta and Amazon announced a deal on Friday for Meta to use Amazon’s Graviton chips. The deal, which a spokesperson said will total several billion dollars over multiple years, comes as Meta has been spending heavily on chips and cloud storage as it tries to turn itself into an AI powerhouse. Amazon’s Graviton chips are a CPU designed for general computing, unlike GPUs which are specific for

The Chinese government is planning to restrict tech firms from receiving funding from the U.S. without prior approval, as part of Beijing’s response to Meta Platform’s acquisition of AI agent startup Manus, Bloomberg reported. Officials have told some tech firms in recent weeks that they should reject capital of US origin in funding rounds unless explicitly approved, the report said, citing

Intel shares jumped 25% on Friday in the wake of the company’s first quarter earnings report, which showed the all-important data center and AI revenue rising 22%, lifting overall revenue 7%. Intel projected second quarter revenue would rise as much as 14.7%. Intel, once the leading chip maker, which has struggled for years to turn its flagging business around. It is now benefiting as the AI

AI startups are struggling to access Nvidia graphics processing units as Microsoft and other cloud providers divert GPU stockpiles to their internal teams or bigger cloud customers, leaving smaller firms scrambling for the remaining servers at higher prices. The supply crunch is impacting ...

The Canadian AI lab Cohere will acquire the German AI lab Aleph Alpha for an undisclosed price, the companies said Friday. Schwarz Group, the German investment firm that is one of Aleph Alpha’s biggest backers, will also invest $600 million in Cohere’s upcoming Series E funding round, the companies said. The acquisition comes as Cohere aims to court corporate customers in Europe to expand its

DeepSeek on Friday launched V4, its highly anticipated new series of open-source AI models with enhanced reasoning and coding capabilities. This is the first new-generation model that DeepSeek released since its R1 model became a global sensation in January 2025. DeepSeek announced two new models, DeepSeek-V4-Pro, a large-size model with 1.6 trillion parameters, and the smaller V4-Flash. It

AI coding startup Cursor, which recently agreed to a potential $60 billion acquisition by SpaceX, last month hit $2.7 billion in annualized revenue, 14 times higher than that revenue pace a year ago, The Information reported Thursday. Some investors expected annualized revenue to hit more than $7 billion by year’s end. Cursor’s revenue should deepen the AI revenue at SpaceX. In its last

Weeks before Cursor agreed to a $60 billion potential takeover from SpaceX, the hot AI coding startup set out to raise billions of dollars. As its leaders made the rounds among tech’s largest investors, they started to hear an unfamiliar message: No, thanks. Many investment firms usually capable ...

Steve Molloy, a chip industry veteran who has spent the past seven years at Google, recently joined Amazon in the newly-created position of vice president of AI silicon, he announced in a LinkedIn post. An Amazon spokesperson confirmed the hire. Molloy’s hiring shows how Amazon is bringing in experienced chip design veterans to help cope with what CEO Andy Jassy recently described as

Users of Grok, the AI chatbot operated by SpaceX subsidiary xAI, reported widespread outages on Thursday. Outages were especially common in New York, Illinois and California, according to the tracking site DownDetector. While it’s unclear exactly how widespread the outages are, many Grok users on Reddit and DownDetector were reporting being unable to access the chatbot. For many users, the

The latest in a series of crypto hacks has spread turmoil across the market, toppling the biggest lender in the industry, freezing billions of dollars in assets and causing big losses for highly leveraged traders. The hack, which involved $290 million of fraudulent tokens, began at a ...