OpenAI, a company already valued at $500 billion, has made it known that it’s on the hunt for another $100 billion in investment. Such a funding round could lead the company’s valuation to shoot up to a titanic $830 billion. The Wall Street Journal is now reporting that Amazon may …
Read More »Guys, I don’t think Tim Cook knows how to monetize AI
Apple exceeded expectations when it reported its quarterly earnings on Thursday, revealing that it made $143.8 billion in revenue for a 16% year-over-year increase. As analysts peppered CEO Tim Cook with softball questions during Apple’s earnings call, one analyst dared to ask the question that seemingly no one in Silicon …
Read More »The iPhone just had its best quarter ever
Apple had a great Q1, though iPhone sales were the real standout. The company reports that its signature device had its best quarter ever, thanks partially to a surge of sales in regions like China and India. “iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across …
Read More »How Sequoia-backed Ethos reached the public market while rivals fell short
Ethos Technologies, a San Francisco-based provider of software for selling life insurance, debuted on the Nasdaq on Thursday. As one of the year’s first major tech IPOs, the insurtech platform is being closely watched as a bellwether for the 2026 listing cycle. The company and its selling shareholders raised approximately …
Read More »Elon Musk’s SpaceX, Tesla, and xAI in talks to merge, according to reports
Three of Elon Musk’s companies — SpaceX, xAI, and Tesla — are in play for a potential merger. While the talks appear to be in the early stage, according to reports from Bloomberg and Reuters, it could eventually lead to at least one company folding into SpaceX. Two scenarios are …
Read More »Satya Nadella insists people are using Microsoft’s Copilot AI a lot
Microsoft delivered a solid earnings report on Wednesday with $81.3 billion in revenue for the quarter (up 17%), net income profits of $38.3 billion (up 21%) and a record breaking Microsoft cloud revenue of over $50 billion. But the stock was getting pounded on Thursday as investors worried about how …
Read More »OpenAI’s Sora app is struggling after its stellar launch
After rapidly hitting the top of the App Store in October, OpenAI’s video-generation app Sora is now struggling. New data suggests the app is seeing declines in both app downloads and consumer spending, as the early hype about the AI video social network wears off. Powered by OpenAI’s video generation …
Read More »Waymo robotaxi hits a child near an elementary school in Santa Monica
A Waymo robotaxi struck a child near an elementary school in Santa Monica on January 23, according to the company. Waymo told the National Highway Traffic Safety Administration (NHTSA) that the child — whose age and identity are not currently public — sustained minor injuries. The NHTSA has opened an …
Read More »Microsoft gained $7.6B from OpenAI last quarter
Microsoft and OpenAI may have a notoriously rocky relationship but as OpenAI experiences never-before-seen revenue growth, Microsoft, one of its major investors, is benefiting greatly. When the software giant reported its latest quarterly earnings on Wednesday, it dropped this rather large nugget in: Its net income increased by $7.6 billion …
Read More »Deezer makes it easier for rival platforms to take a stance against AI-generated music
Last year, Deezer introduced an AI detection tool that automatically tags fully AI-generated music for listeners and removes it from algorithmic and editorial recommendations. The company announced on Thursday that it’s now making the tool available to other streaming platforms in an effort to help address the rise of AI …
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