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Elon Musk says xAI has acquired X in deal that values social media site at billion

Elon Musk says xAI has acquired X in deal that values social media site at $33 billion

Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company...

Trump was supposed to unlock IPO market, but CoreWeave debut reflects ongoing skepticism

Technology9 months ago

Trump was supposed to unlock IPO market, but CoreWeave debut reflects ongoing skepticism

CoreWeave Inc. signage during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Friday, March 28, 2025. Michael Nagle | Bloomberg...

Intel announces three board members will retire following CEO shake-up

Technology9 months ago

Intel announces three board members will retire following CEO shake-up

A sign is posted in front of Intel headquarters in Santa Clara, California, on Aug. 1, 2024. Justin Sullivan | Getty Images News | Getty Images Three...

Amazon MGM Studios boss Jen Salke to step down. Read the internal memo

Technology9 months ago

Amazon MGM Studios boss Jen Salke to step down. Read the internal memo

Jen Salke, the head of Amazon MGM Studios is stepping down from her role, the company confirmed. Mike Hopkins, Amazon’s head of Prime Video and MGM...

AppLovin CEO urges investors to 'dig deeper' after short-seller report, company retains Alex Spiro

Technology9 months ago

AppLovin CEO urges investors to ‘dig deeper’ after short-seller report, company retains Alex Spiro

Thomas Fuller | SOPA Images | Lightrocket | Getty Images AppLovin CEO Adam Foroughi hit back at new short-selling allegations from Muddy Waters Research after the...

Technology9 months ago

CoreWeave set to begin trading

Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, gestures during the company’s IPO at the Nasdaq Market, in New York City, U.S.,...

CoreWeave CEO says lower IPO pricing was 'where the buying interest was'

Technology9 months ago

CoreWeave CEO says lower IPO pricing was ‘where the buying interest was’

CoreWeave CEO Mike Intrator said Friday that the company’s IPO pricing, which came in below expectations, has to be placed in the larger context of the...

Taiwan accuses China's biggest chipmaker SMIC of 'illegally' poaching tech talent

Technology9 months ago

Taiwan accuses China’s biggest chipmaker SMIC of ‘illegally’ poaching tech talent

A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. Vcg | Visual...

Assassin's Creed-maker Ubisoft's shares surge 9% on deal to spin off top game franchises

Technology9 months ago

Assassin’s Creed-maker Ubisoft’s shares surge 9% on deal to spin off top game franchises

Artwork for Ubisoft’s upcoming “Assassin’s Creed Shadows” game. John Keeble | Getty Images Ubisoft shares surged on Friday after the French video game publisher announced a...

U.S. tech giants are betting big on humanoid robots — but China's already ahead, analysts say

Technology9 months ago

U.S. tech giants are betting big on humanoid robots — but China’s already ahead, analysts say

Unitree’s G1 robot at the Mobile World Congress 2025 in Barcelona, Spain, on March 6, 2025. Nurphoto | Nurphoto | Getty Images American tech giants like...

Alibaba has staged a quiet 0 billion rally — AI and Jack Ma's return are at the heart of it

Technology9 months ago

Alibaba has staged a quiet $100 billion rally — AI and Jack Ma’s return are at the heart of it

The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images In November 2023, Jack Ma posted...

CoreWeave prices IPO at a share, below expected range

Technology9 months ago

CoreWeave prices IPO at $40 a share, below expected range

Michael Intrator, co-founder and CEO of CoreWeave, speaks at Web Summit in Lisbon, Portugal, on Nov. 13, 2024. Carlos Rodrigues | Sportsfile | Web Summit |...

AppLovin shares plunge 20% after third short-selling firm slams company's ad technology

Technology9 months ago

AppLovin shares plunge 20% after third short-selling firm slams company’s ad technology

Jaque Silva | Nurphoto | Getty Images Shares of AppLovin sank 20% on Thursday, their steepest drop on record, as another short-selling firm raised concerns about...

Silicon Valley bubble risks heighten as investors pile into funds that bet on a single buzzy startup

Technology9 months ago

Silicon Valley bubble risks heighten as investors pile into funds that bet on a single buzzy startup

One of the most popular acronyms in Silicon Valley these days is SPV. It stands for special purpose vehicle. In tech startup land, it’s a type...

Meta debuts Friends tab, Mark Zuckerberg pushes 'throwback to OG Facebook'

Technology9 months ago

Meta debuts Friends tab, Mark Zuckerberg pushes ‘throwback to OG Facebook’

In this photo illustration, the Facebook logo is displayed on the screen of an iPhone in front of a Meta logo on October 28, 2021 in...

Ubisoft spins out new unit for Assassin’s Creed and other games, Tencent to take .25 billion stake

Technology9 months ago

Ubisoft spins out new unit for Assassin’s Creed and other games, Tencent to take $1.25 billion stake

On Jan. 9, Ubisoft said it was postponing the launch of “Assassin’s Creed Shadows” and had appointed advisors to review strategic options. Ina Fassbender | AFP...

Nvidia to anchor CoreWeave IPO at a share, source says

Technology9 months ago

Nvidia to anchor CoreWeave IPO at $40 a share, source says

CoreWeave CEO Michael Intrator appears on CNBC on July 17, 2024. CNBC Nvidia is aiming to anchor CoreWeave’s initial public offering at $40 a share with...

Alibaba launches new open-source AI model for 'cost-effective AI agents'

Technology9 months ago

Alibaba launches new open-source AI model for ‘cost-effective AI agents’

The Alibaba office building in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba Cloud launched Thursday its latest...

Technology9 months ago

The concern with CoreWeave’s 250,000 Nvidia chips ahead of its IPO

With 250,000 highly-desired Nvidia graphics processors, CoreWeave has become one of the most prominent “GPU clouds,” a status it hopes investors will value when it debuts...

Trump says Tesla CEO Elon Musk didn’t advise on auto tariffs despite DOGE role

Technology9 months ago

Trump says Tesla CEO Elon Musk didn’t advise on auto tariffs despite DOGE role

U.S. President Donald Trump speaks to the media in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025. Evelyn Hockstein |...

News IO

Elon Musk says xAI has acquired X in deal that values social media site at $33 billion

Trump was supposed to unlock IPO market, but CoreWeave debut reflects ongoing skepticism

Intel announces three board members will retire following CEO shake-up

Amazon MGM Studios boss Jen Salke to step down. Read the internal memo

AppLovin CEO urges investors to ‘dig deeper’ after short-seller report, company retains Alex Spiro

CoreWeave set to begin trading

CoreWeave CEO says lower IPO pricing was ‘where the buying interest was’

Taiwan accuses China’s biggest chipmaker SMIC of ‘illegally’ poaching tech talent

Assassin’s Creed-maker Ubisoft’s shares surge 9% on deal to spin off top game franchises

U.S. tech giants are betting big on humanoid robots — but China’s already ahead, analysts say

Alibaba has staged a quiet $100 billion rally — AI and Jack Ma’s return are at the heart of it

CoreWeave prices IPO at $40 a share, below expected range

AppLovin shares plunge 20% after third short-selling firm slams company’s ad technology

Silicon Valley bubble risks heighten as investors pile into funds that bet on a single buzzy startup

Meta debuts Friends tab, Mark Zuckerberg pushes ‘throwback to OG Facebook’

Ubisoft spins out new unit for Assassin’s Creed and other games, Tencent to take $1.25 billion stake

Nvidia to anchor CoreWeave IPO at $40 a share, source says

Alibaba launches new open-source AI model for ‘cost-effective AI agents’

The concern with CoreWeave’s 250,000 Nvidia chips ahead of its IPO

Trump says Tesla CEO Elon Musk didn’t advise on auto tariffs despite DOGE role

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