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China’s AI startups need backing, and a slew of recent initial public offerings in the country should convince U.S. venture capitalists to return to its tech sector, says a top Chinese investor.
“U.S. capital has the highest propensity to invest in breakthrough technology, and this pocket of capital has been hesitant about China,” said Duane Kuang, founding managing partner of Qiming Venture...
ByteDance and Alibaba Group are both preparing to release their next flagship AI models around the Lunar New Year holiday in mid-February, in what could be the most consequential battle in the country’s tech sector, The Information reported. ByteDance is preparing to launch Doubao 2.0, its new ...
AI’s insatiable need for cash is proving to be a dream for dealmakers. Our scoop from Wednesday night that OpenAI was in talks to raise as much as $60 billion from Nvidia, Microsoft and Amazon was followed by a Wall Street Journal report today that Amazon alone might put in $50 billion. Meanwhile, Reuters reported on Thursday that Elon Musk was contemplating merging xAI and SpaceX ahead of an...
Before we get into today’s news, check out a string of scoops from my colleague Sri on the rivalry between OpenAI and Anthropic. OpenAI, she reported last night, is talking to Nvidia, Amazon, Microsoft about raising up to $60 billion to fill out its $100 billion fundraising, which would widen its funding lead over rival Anthropic. But Anthropic is narrowing the gap when it comes to another...
Apple reported its fastest growth in years, fueled by its latest-generation iPhone 17 lineup. The iPhone business grew 23% to $85.3 billion in sales for the December quarter, the company reported Thursday afternoon. It’s the fastest pace of growth Apple has seen since 2021, when the pandemic ...
The U.S. Commodity Futures Trading Commission, which regulates prediction markets such as Kalshi and Polymarket in the U.S., plans to make new rules to provide clearer standards on the types of contracts such platforms can offer, the agency’s chairman Michael Selig said Thursday. The CFTC also ...
The chair of the U.S. House Committee on China said Nvidia’s “extensive technical support” of Chinese artificial intelligence startup DeepSeek helped the startup develop “frontier” AI models despite export controls that limited its access to Nvidia’s most advanced hardware, according to a letter ...
Apple has acquired Q.ai, an artificial intelligence startup specializing in “silent” communication technology. Founded in 2022, the Israel-based startup has largely kept its plans under wraps. Patents published last year describe technology for processing facial movements to understand nonvocal ...
Microsoft’s slightly-slowing growth in cloud server rentals cast a pall over its quarterly earnings report on Wednesday, but the company had a salve to numb that sting: It’s generating significant revenue from AI software subscriptions.During its earnings call, CEO Satya Nadella revealed one of the most hotly anticipated figures investors and competitors have been waiting for: it has 15 million...
The U.S. Department of Homeland Security on Wednesday released a new database describing its use of artificial intelligence last year, including how Immigration and Customs Enforcement, an agency within DHS, relied on technology from Palantir and OpenAI.ICE has been a flashpoint around the country after government agents fatally shot two people in Minneapolis, and after other deaths of people in...