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Musk v. Altman: in closing arguments, Musk's attorney doubled down on claims of Altman's untrustworthiness, while OpenAI's lawyer said Musk has no evidence (Associated Press)

Musk v. Altman: in closing arguments, Musk's attor...

1 month ago 15 Add to circle

California Gov. Gavin Newsom proposes a new 7.25% tax on web-based software sales, targeting $1.1B in state and local tax revenue in the upcoming budget year (Bloomberg)

California Gov. Gavin Newsom proposes a new 7.25% ...

1 month ago 10 Add to circle

Gemini reports Q1 revenue up 42% YoY to $50.3M, vs. $47.9M est., announces a $100M capital injection from Winklevoss Capital Fund; GEMI jumps 22%+ after hours (Tanaya Macheel/CNBC)

Gemini reports Q1 revenue up 42% YoY to $50.3M, vs...

1 month ago 13 Add to circle

Cerebras co-founders CEO Andrew Feldman and CTO Sean Lie own stakes worth $3.2B and $1.7B, respectively, representing about 5.5% and 3% of the company (CJ Haddad/CNBC)

Cerebras co-founders CEO Andrew Feldman and CTO Se...

1 month ago 7 Add to circle

Cerebras shares closed up 68% at $311.07 in the company's Nasdaq debut after it raised $5.5B in the year's largest IPO, giving it a market value of $67B (Bloomberg)

Cerebras shares closed up 68% at $311.07 in the co...

1 month ago 11 Add to circle

OpenAI adds remote access to Codex in the ChatGPT mobile app, letting users control Codex sessions running on a connected computer directly from a phone (Zac Hall/9to5Mac)

OpenAI adds remote access to Codex in the ChatGPT ...

1 month ago 10 Add to circle

Figma reports Q1 revenue up 46% YoY to $333.4M, vs. $313.2M est., and forecasts Q2 revenue above estimates, citing AI monetization; FIG jumps 8%+ after hours (Zaheer Kachwala/Reuters)

Figma reports Q1 revenue up 46% YoY to $333.4M, vs...

1 month ago 11 Add to circle

Sources: Joshua Kushner's Thrive Capital told its stakeholders that it has invested ~$100M in Shopify, framed as a bet on how AI could lead to gains in commerce (Natasha Mascarenhas/Bloomberg)

Sources: Joshua Kushner's Thrive Capital told its ...

1 month ago 19 Add to circle

Sources: Microsoft plans to remove most of its Claude Code licenses and push its developers toward GitHub Copilot CLI, after previously pushing Claude Code (Tom Warren/The Verge)

Sources: Microsoft plans to remove most of its Cla...

1 month ago 12 Add to circle

The Senate Banking Committee advances the Clarity Act, which would make CFTC the primary regulator for most digital assets while SEC oversees digital securities (Bloomberg)

The Senate Banking Committee advances the Clarity ...

1 month ago 9 Add to circle

Sources: 50+ researchers and engineers have left xAI since the SpaceX acquisition via layoffs, firings, and voluntary departures; many have joined Meta and TML (Theo Wayt/The Information)

Sources: 50+ researchers and engineers have left x...

1 month ago 11 Add to circle

Sources: Intel has begun testing production of "low-end/legacy iPhone, iPad, and Mac processors"; Apple thinks TSMC's resources will continue tilting toward AI (@mingchikuo)

Sources: Intel has begun testing production of "lo...

1 month ago 7 Add to circle

Ford stock jumped as much as 25% in two days after the launch of Ford Energy, a new subsidiary providing battery storage capacity to AI data centers (Christian Davies/Financial Times)

Ford stock jumped as much as 25% in two days after...

1 month ago 9 Add to circle

A look at GameStop's takeover bid for eBay, a bizarre way to force eBay's board and shareholders to consider GameStop CEO Ryan Cohen's desire to run eBay (Matt Levine/Bloomberg)

A look at GameStop's takeover bid for eBay, a biza...

1 month ago 7 Add to circle

Cerebras opens at $350, valuing the chipmaker at $100B+, after raising $5.5B by selling 30M shares at $185, the largest US tech IPO since Uber's debut in 2019 (Jordan Novet/CNBC)

Cerebras opens at $350, valuing the chipmaker at $...

1 month ago 12 Add to circle

Sources: OpenAI is weighing legal action against Apple after expectations that ChatGPT's Siri integration would generate billions in revenue fell short (Mark Gurman/Bloomberg)

Sources: OpenAI is weighing legal action against A...

1 month ago 9 Add to circle

OpenAI says two employee devices were impacted via a supply chain attack on TanStack but no user data or production systems were compromised (Lorenzo Franceschi-Bicchierai/TechCrunch)

OpenAI says two employee devices were impacted via...

1 month ago 9 Add to circle

Ian Crosby's Synthetic, which is building an AI bookkeeper, raised a $10M seed led by Khosla; Crosby founded Bench, which raised $100M+ and imploded in 2024 (Marina Temkin/TechCrunch)

Ian Crosby's Synthetic, which is building an AI bo...

1 month ago 13 Add to circle