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Anthropic Set to Pay Cloud Partners $80 Billion Through 2029
How much will Anthropic pay the world’s cloud leaders to run its artificial intelligence model? An analysis of the company’s forecasts published Wednesday (Feb. 18) by The Informati...

Pinterest Bets on AI Tools to Fend Off Chatbot Rivals
Pinterest is racing to add artificial intelligence tools to its app amid a slowing ad business and growing competition from AI chatbots, The Information reported Tuesday (Feb. 17). The comp...

Meta and Nvidia Team to Bolster AI Infrastructure
Meta formed a multiyear partnership with Nvidia to advance its artificial intelligence infrastructure plans. The collaboration will help support Meta’s development of data centers designe...

Mistral CEO Bets on Open-Source and Local AI
Mistral co-founder and CEO Arthur Mensch said the battle for artificial intelligence primacy has nothing to do with geography. Instead, the contest is between open and closed systems, he sa...

Snap’s Subscriptions Business Passes $1 Billion in ARR
Snap said its subscription business had hit a $1 billion annualized revenue run rate, as the number of people paying for a Snapchat+ subscription passed 25 million. The announcement is a rare bit of g...

Prospective Kraken IPO Just Became More Attractive
Kraken, one of the largest US-based crypto exchanges, has acquired the token management platform Magna. The move marks another step in its aggressive expansion as it prepares for an initial public ...

Nexus to Launch Revenue-Sharing USDX Stablecoin
The stablecoin is built in collaboration with M0 and returns T-bill yields to ecosystem applications....

Norway fines Norsk Tipping $105K over anti-money laundering failures
Norway’s state gambling operator has been ordered to pay a NOK 1 million ($105,000) fine after regulators concluded i...

Perplexity Pulling Sponsored Answers From AI Platform
Artificial intelligence (AI) startup Perplexity is reportedly moving away from advertising. As the Financial Times (FT) reported late Tuesday (Feb. 17), the company was among the first ...

What Happens to Stores When AI Agents Do the Shopping?
Fifty years ago, Susan was one of more than a hundred million Americans who drove to a shopping mall an average of once ...