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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 ...
Anthropic’s launch of Cowork, an AI-powered tool that takes over a computer to handle workplace tasks involving numerous applications, from Microsoft Office apps to Slack, has reverberated through Microsoft’s ranks.
In the days following the launch this month, Microsoft product leaders told colleagues that Cowork seemed like a competitor to 365 Copilot, a suite of AI features for Microsoft’s...
China has approved imports of the first batch of Nvidia’s H200 AI chips, according to Reuters, citing two people familiar with the matter. The approval was granted as Nvidia CEO Jensen Huang visits China this week, after weeks of uncertainty whether and at which scale Beijing will allow the ...
Anthropic, in December, projected to generate as much as $18 billion this year, about 20% more than its summer forecast, and $55 billion next year. The company expects to generate as much as $148 billion in 2029 in its most optimistic projections– about $3 billion more than what OpenAI projected ...