Anthropic, a prominent artificial intelligence startup challenging OpenAI, is attracting interest from deep-pocketed investors, including sovereign wealth funds, except Saudi Arabia. The company, undergoing bankruptcy proceedings, is selling an 8% stake previously held by FTX, the failed cryptocurrency exchange. While the sale aims to repay FTX customers, Anthropic executives have ruled out Saudi investment citing… Continue reading Anthropic is lining up a new slate of investors, but the AI startup has ruled out Saudi Arabia

Shares of Digital World Acquisition Corp. (DWAC) experienced a tumultuous day of trading as shareholders approved a merger with a social media company owned by former President Donald Trump. The day began optimistically with DWAC opening at $44.20 per share, but swiftly turned sour as the price plummeted following the vote, closing at $36.94 per… Continue reading DWAC stock shares close nearly 14% down after Trump social media merger approved by shareholders

In a recent employee meeting, Nvidia CEO Jensen Huang was asked about advertising on X, a platform facing criticism for antisemitism and hate speech. While Nvidia doesn’t advertise there, Huang avoided criticizing X publicly. This comes amidst Nvidia’s booming business, driven by graphics processing units (GPUs) for AI, robotics, and data centers. Their success coincides… Continue reading Elon Musk companies are gobbling up Nvidia hardware even as Tesla aims to build rival supercomputer

The US Department of Justice (DOJ) filed a lawsuit against Apple on Thursday, accusing Apple of using anti-competitive practices to create a monopoly in the smartphone market. The DOJ claims that Apple’s practices have driven up prices for consumers and stifled innovation. The lawsuit alleges that Apple has taken steps to restrict users from switching… Continue reading DOJ sues Apple over iPhone monopoly in landmark antitrust case

Sarah Gilbert, a Ph.D. candidate and moderator of the r/AskHistorians subreddit, spends a significant amount of time on Reddit, but her enthusiasm wanes when discussing Reddit’s upcoming IPO. While Reddit follows a model similar to other companies like Airbnb and Rivian by reserving shares for users and moderators, the timing of Reddit’s IPO is unique.… Continue reading Reddit power users balk at chance to participate in IPO as Wall Street debut nears

CubicFarm® Systems Corp. (TSXV: CUB) (“CubicFarms” or the “Company”), a leading agricultural technology company, announced that its ruminant livestock feed subsidiary company, HydroGreen Inc. (“HydroGreen“), has closed a sale with deposit with BoomA Food Group, Australia, a prestigious, technologically-advanced Food producer in the heart of the Hunter Valley, New South Wales, Australia. In this deal,… Continue reading CubicFarms Announces the Sale of 10 GLS 808 Units HydroGreen’s Commercial-Scale Equipment to BoomA Food Group in Australia in Addition to an Exclusivity Partnership with BoomA Food Group for Australia and New Zealand

Microsoft announced on Tuesday the hiring of Mustafa Suleyman, a co-founder of DeepMind, an artificial intelligence startup acquired by Google in 2014. Suleyman will lead Copilot AI initiatives at Microsoft, taking on the role of executive vice president and CEO of Microsoft AI, reporting directly to CEO Satya Nadella. DeepMind gained prominence within Google for… Continue reading Microsoft hires DeepMind co-founder Mustafa Suleyman as CEO of new AI unit

Nvidia’s CEO, Jensen Huang, revealed on CNBC’s “Squawk on the Street” that their upcoming next-generation AI graphics processor, named Blackwell, will be priced between $30,000 and $40,000 per unit. Huang emphasized the necessity of inventing new technology to enable Blackwell’s capabilities, estimating Nvidia’s expenditure on research and development at around $10 billion. This pricing aligns… Continue reading Nvidia’s latest AI chip will cost more than $30,000, CEO says

CubicFarm® Systems Corp. (TSXV: CUB) (“CubicFarms” or the “Company“), a leading local chain agricultural technology company, today announces that it has closed the final tranche (the “Final Tranche“) of its non-brokered private placement (the “Private Placement“) of units (the “Units“) of the Company. Pursuant to the Private Placement, the Company has issued approximately 10.3 million Units at… Continue reading CubicFarm Systems Corp. Announces Closing of Final Tranche of Private Placement

Former Treasury Secretary Steven Mnuchin is spearheading efforts to assemble an investor group aimed at acquiring ByteDance’s popular social media platform, TikTok. This initiative comes as bipartisan legislation progresses through Congress, posing a potential threat to TikTok’s presence in the U.S. The bill, passed by the House of Representatives, mandates ByteDance to either divest TikTok… Continue reading Former Treasury Secretary Mnuchin is putting together an investor group to buy TikTok

Adobe experienced a significant drop in its shares, plummeting by as much as 11% in extended trading following the release of its fiscal first-quarter results, despite strong performance. While the earnings per share stood at $4.48, slightly surpassing the anticipated $4.38, and the revenue reached $5.18 billion compared to the expected $5.14 billion, investors seemed… Continue reading Adobe shares slip 10% on soft sales forecast

OpenAI finds itself embroiled in legal disputes, notably with Tesla CEO Elon Musk, who filed a lawsuit earlier this month. Musk claimed a breach of contract, citing a 2015 agreement that the AI lab would remain nonprofit and transparent. However, OpenAI challenges the existence of such an agreement, labeling it a “fiction” concocted by Musk.… Continue reading OpenAI denies Elon Musk lawsuit claim that there ever was founding agreement