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Tech
SoftBank to acquire chip designer Ampere in $6.5 billion deal
The logo of Japanese company SoftBank Group is seen outside the company's headquarters in Tokyo on January 22, 2025. Kazuhiro Nogi | Afp | Getty ImagesSoftBank Group said Wednesday that it will acquire Ampere Computing, a startup that…
How a $6M bet on Wiz turned into a massive 200x return for one early backer
Wiz’s $32 billion all-cash acquisition by Google parent Alphabet promises a colossal payday for the cybersecurity startup’s early-stage investors.
The deal is a big win for Sequoia, one of the best-known VC firms, which stands to make…
XRP surges after Ripple CEO Garlinghouse says SEC is dropping its lawsuit against company
A visual representation of the digital cryptocurrency XRP.S3studio | Getty ImagesXRP surged after Ripple CEO Brad Garlinghouse said the U.S. Securities and Exchange Commission is no longer pursuing its appeal in the case against the…
Prezent raises $20M to build AI for slide decks
Prezent, a startup empowering customers to build slide decks using generative AI, has raised $20 million as it further develops and refines its AI models for different use cases and expands into new markets.
AI has many different…
Tencent Q4 2024 earnings report
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China.Cheng Xin | Getty Images News | Getty ImagesTencent on Wednesday posted a fourth-quarter beat on top and bottom…
Google-Wiz deal ‘litmus test’ for Trump admin handling of Big Tech
The Wiz logo on a smartphone arranged in New York, US, on Tuesday, July 16, 2024.Gabby Jones | Bloomberg | Getty ImagesSeven months ago, Alphabet lost a marquee case against the Biden administration's Justice Department, which accused…
Elon Musk’s DOGE leadership likely violates constitution’s appointments clause, judge…
Elon Musk’s role overseeing the Department of Government Efficiency is likely a violation of the United States constitution’s appointments clause, a federal judge wrote Tuesday.
Theodore Chuang, a judge in the U.S. District Court for…
Google announces new health-care AI updates for Search
A Google corporate logo hangs above the entrance to their office at St. John's Terminal on March 11, 2025, in New York City.Gary Hershorn | Corbis News | Getty ImagesGoogle on Tuesday announced health-care updates to Search, including a…
GrubMarket raises $50M at a $3.5B+ valuation to build AI for the $1 trillion food distribution…
U.S. President Trump’s wide-ranging tariff hikes are already resulting in growth forecasts being cut amid other uncertainty — actions that will inevitably impact the technology sector, too. Today, however, one food e-commerce startup,…
Baidu shares jump 10% following release of new free-to-use AI models
ZHEJIANG, CHINA - MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu, March 16, 2023.Long Wei | Future Publishing | Getty ImagesShares of Chinese tech giant Baidu were trading…
Trump World Liberty Financial crypto sold $550 million in tokens
The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty ImagesPresident Donald Trump's World Liberty Financial crypto project said on Monday that it…
Flexport accuses former employees of stealing its source code to create a rival startup
Creating a startup that competes with your former employer can be risky. Apple, for example, once sued a former chip design executive who founded his own chip startup in a case that was dropped in 2023.
A recent case involving…
Telcos race to transition from ‘dumb pipes’ to AI-enabled tech players
Ryu Young-sang, CEO of South Korean telecoms giant SK Telecom, told CNBC that AI is helping telecoms firms improve efficiency in their networks.Manaure Quintero | Afp | Getty ImagesBARCELONA — Global telecommunications firms are talking…
Apple reportedly considered building the iPhone 17 Air without ports
After reporting in January that Apple is adding an “Air” option to its iPhone lineup, Bloomberg’s Mark Gurman is offering more details about the upcoming slimmer iPhone.
The iPhone 17 Air will launch this fall, Gurman says — and like…
David Sacks sold $200 million in crypto holdings before taking WH job
U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025.Evelyn Hockstein | ReutersDavid Sacks, the Trump administration's AI and…
The U.S. is falling behind China in nuclear fusion, needed to power AI
China and the U.S. are in a race to create the first grid-scale nuclear fusion energy. After decades of U.S. leadership, China is catching up by spending twice as much and building projects at record speed.Often called the holy grail of…
Baidu launches two new versions of its AI model Ernie
Chinese search engine Baidu has launched two new AI models — Ernie 4.5, the latest version of the company’s foundational model first released two years ago, as well as a new reasoning model, Ernie X1.
According to Reuters, Baidu claims…
Block bets on lending expansion after stock slump
In this photo illustration, the logo for the US tech firm "Block" is displayed and reflected in a number of digital screens on March 03, 2023 in London, England. Leon Neal | Getty ImagesWith its stock down more than 30% this year and…