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ServiceNow shares dipped 7% in after-hours trading after its fourth-quarter earnings, possibly because investors weren’t impressed by the enterprise software provider’s revenue growth forecast for its current fiscal year, which would be the same as its recently concluded one. On an earnings ...
OpenAI has recently hired more than a half dozen employees from Cline, a startup that develops an open-source, AI-powered coding assistant, an OpenAI spokesperson confirmed.
The hires could help OpenAI accelerate improvements for its Codex coding product, which it sees as a key tool to make its AI more essential to large corporations as it competes with Anthropic’s Claude Code. The hires, which...
Microsoft revenue grew 17% to $81.3 billion in the fourth quarter of 2025, a slightly lower rate of year-over-year growth than in the previous quarter. But Microsoft said it had $625 billion in remaining performance obligations as of the end of December, also known as a revenue backlog, up from ...
Meta Platforms on Wednesday reported fourth-quarter revenue of $59.8 billion, up 24% from a year earlier, exceeding its own forecasts of $56 billion to $59 billion. The company also outlined ambitious spending plans for 2026, forecasting capital expenditures of $115 billion to $135 billion, up ...
Tesla has agreed to invest $2 billion in xAI, the electric automaker said on Wednesday, further deepening ties between the two Elon Musk-led companies. Tesla disclosed the investment alongside its fourth-quarter 2025 financial results, which showed the company’s sales and profits are continuing ...
The wave of so-called AI neolabs seeking breakthroughs they think incumbents like OpenAI will miss continues to rise.
Core Automation, an AI startup founded by former senior OpenAI researcher Jerry Tworek in recent weeks, aims to raise between $500 million and $1 billion in funding, according to a person who has spoken with the company.
He wants to develop AI models using methods that major...
The fast-growing business of trading U.S. stocks as crypto tokens is enabling overseas investors to buy and sell shares of companies such as Tesla and Nvidia. The $1 billion industry relies on one little-known brokerage.
Alpaca, a San Mateo, Calif.–based broker-dealer, maintains custody of nearly three-quarters of the market because few other brokers are willing to do the trades, which can open...
Why wait for the mega AI initial public offerings expected later this year when you can invest in a nuclear fusion company or a MAGA crypto bank? These companies and other not-ready-for-IPO names are coming to the markets via special purpose acquisition companies.After SPACs vaporized billions of dollars during the boom-and-bust cycle early this decade, speculators are again using them to peddle...
A year ago, OpenAI CEO Sam Altman wrote in a blog post that he expected 2025 to bring the first AI agents that could join the workforce and “materially change the output of companies.” Altman, like so many other AI leaders at the time, was being overly optimistic.As my colleagues Kevin and Sri have reported, OpenAI’s ChatGPT Agent, a product it launched in July to complete tasks on ChatGPT...
Amazon announced on Wednesday that it was laying off 16,000 employees. The layoffs follow earlier layoffs in October, when Amazon said it was laying off approximately 14,000 corporate employees. Amazon said the latest layoffs continue on efforts to reduce layers and remove bureaucracy and that ...