Marvell Technology granted Google rights to acquire a stake of up to $12.2 billion as part of an expanded partnership between the two companies. Under the new deal, which sent Marvell shares up 9.9% in Wednesday’s trading, the companies will collaborate on development of a range of semiconductor products related to tensor processing units, Google’s in-house AI chips, Marvell said in a

President Donald Trump said U.S. regulators are working to bring Hyperliquid, a popular offshore venue for perpetual futures, to the U.S. The price of Hyperliquid token jumped 22% after the remark. “I understand that Mike [Selig] is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion,” said Trump at a White House crypto meeting Wednesday, referring

A new behind-the-scenes exchange called Rothera is betting it can capture a significant share of prediction market trading without running its own consumer app.Prediction markets are dominated by Kalshi and Polymarket, which operate consumer-facing apps as well as exchanges that also handle ...

Nvidia has discussed an investment in Mercor, a data labeling provider that helps the chip designer develop its open-source AI models, according to a person with knowledge of the process. The investment would be part of a $20 billion-valuation round. Existing investor General Catalyst has been ...

OpenAI is preparing to roll out a system to analyze user interactions with its models for cybersecurity and other safety concerns without storing customer data, in a move that positions the company to potentially lure customers frustrated over how Anthropic has handled similar issues. OpenAI plans to launch the new system, dubbed Private Safety Processing, next month, executives said on

In the Anthropic-OpenAI horse race, the now-much-smaller OpenAI has been looking to slow down its ascendant rival. That includes undercutting Anthropic’s model prices, as we covered yesterday, and playing nice with federal officials that have gone to war with Anthropic.Another potential avenue ...

In early August, the White House hosted tech companies including OpenAI, Anthropic and Google to share details on its new AI framework, which would encourage labs to voluntarily share their most advanced new models with the government before releasing them to the public. But more than two weeks ...

Shares of Chinese humanoid robot maker Unitree Robotics soared on the debut on the Shanghai Stock Exchange on Wednesday, after raising 6.1 billion yuan ($905 million) in an initial public offering. The shares surged more than seven times its IPO price before closing 460% up, valuing the company at slightly more than $60 billion, underscoring Chinese investors’ euphoria in humanoids. Unitree

Pennsylvania Governor Josh Shapiro on Tuesday signed an executive order requiring data center developers to make legally binding commitments related to energy, environmental standards, and economic development before they can move forward with projects. The move is the latest example of political backlash to AI data centers that activists believe are causing electricity rates and pollution

Fast growth at AI startups like Mercor and Replit is also boosting the fortunes of startups that help them balance their books.Rillet, which makes AI-powered accounting software it sells to other companies, said Tuesday it has raised $100 million in a funding round led by returning investor ...

You might be shocked to learn there is a world outside AI! And we got a glimpse of it in an Oakland, Calif., courtroom today, at the opening of the trial in a lawsuit brought by California and several other states against Meta Platforms over the alleged harms its social media apps have done to ...

The U.S. Securities and Exchange Commission said on Tuesday it is proposing new rules for certain crypto assets for the first time, after a landmark crypto legislation, the Clarity Act, ran into delay in Congress. The proposal is focused on fundraising through crypto token offerings. It includes exemption from some registration requirements for offerings up to $5 million during a four-year

Following the playbook Palantir pioneered, OpenAI, Anthropic, Microsoft and Amazon are investing billions of dollars to hire so-called forward deployed engineers to get newfangled AI to work in enterprises.Then there’s Google, which says AI can automate some of what these FDEs do.While Google ...

Anthropic has been preparing to give CEO Dario Amodei and other co-founders a class of stock with extra voting power to help insulate them from outside shareholder pressure, two people familiar with the matter said. It would be the first time Anthropic’s leaders have extra voting power, which ...

Starting a new business requires founders to make important decisions and tackle complex processes in areas where they typically lack expertise, such as human resources and accounting. One of the most important early steps is filing for a trademark to protect your brand name, logo, and other ...

Lawyers for Meta Platforms and the states suing the tech giant delivered opening statements in the social media addiction trial that began Tuesday in Oakland, Calif. “Meta’s business model can be summed up with four simple parts: hook the users, hold them for as long as they can, harvest their data and then hide the truth from the public,” said Megan O’Neill, a deputy attorney general with the

Apple appeared to inadvertently confirm the existence of a new AirPods product with cameras through an unlikely channel: the beta release of a new Mac operating system. Apple news outlet MacRumors uncovered a short video clip included with the new operating system that shows a man holding a book up to the AirPods so they can identify and record its title. “With Visual Intelligence, your world

Shares of Swedish buy now pay later firm Klarna plunged 20% on Tuesday after the company revised down its projection for full year business, citing weakness in Germany, its biggest market. At the same time, Klarna announced that its longtime finance and marketing chiefs would leave early next year. Klarna said it was now expecting gross merchandise volume—the total amount of dollars that flow

OpenAI has found a new place to fight Anthropic for developer wallets: OpenRouter, a service AI app developers use to access models from different providers from one application programming interface. (In case you’ve been under a rock, Stripe is about to buy OpenRouter for a pretty penny.)A big ...

Tesla teased a launch event for its Cybercab on Monday night. That would mark the company’s public debut of its first vehicle designed without a steering wheel or brake pedal and intended for its autonomous ride-hailing service. The company said in a post on X that customers of its Robotaxi service could be eligible for attending the event by completing as many rides as possible by Aug. 23