Feed Items
PayPay shares rose nearly 20% in the Japanese mobile payment app’s debut in the U.S. stock market Thursday, before closing with a 13% gain and market cap of $12 billion. The company raised almost $880 million in the IPO, including shares sold by investor SoftBank, making it the biggest ...
Elon Musk’s xAI is hiring two senior Cursor leaders as part of an effort to catch up with AI rivals in coding, according to a person with direct knowledge of the move. The pair, Andrew Milich and Jason Ginsberg, will both report to Musk, the person said.
The move follows a string of high-level departures at xAI, including the majority of its co-founders, and comes as Musk says the company’s Grok...
Zihang Dai, a co-founder of xAI, has left Elon Musk’s artificial intelligence firm, Business Insider reported on Thursday, the latest in a string of high-profile exits this year. Another co-founder, Guodong Zhang, is also planning to leave, the report said. After both reported departures, xAI ...
Microsoft Executive Vice President Rajesh Jha, who oversees the business unit that includes Windows, Office, and Microsoft’s Surface devices, will retire July 1, he said in a memo to staff Thursday. Jha has spent more than 35 years at Microsoft, including two decades at the helm of the company’s ...
Salesforce raised $25 billion in bonds, the company confirmed, and has struck deals with “financial institutions” to buy back that much in stock. A $25 billion buyback would shrink Salesforce’s outstanding shares by about 13%. Salesforce shares were trading up 3.4% on Thursday morning. Such ...
Enthusiasm for OpenClaw, the popular open-source software for powering personal AI agents using personal computers, has been tempered by a number of embarrassing security snafus, such as when OpenClaw started mass-deleting emails from Meta alignment director Summer Yue’s inbox.In China, where developers are arguably even more enthusiastic about OpenClaw than their Western counterparts, government...
Shortly after Tyler and Cameron Winklevoss took their crypto exchange public last fall, they celebrated the company’s expansion in Australia with a swanky party at a greenhouse in Sydney’s Royal Botanic Garden.
The Winklevoss twins appeared via video link before a DJ played for a throng of supporters. “We’re in Australia for good,” James Logan, the new head of Australia for the crypto exchange,...
AI coding startup Cursor is in discussions with investors to raise a funding round that could value the startup at $50 billion, Bloomberg reported on Wednesday. The discussions are preliminary and may not result in a funding deal, the report said. Cursor last raised $2.3 billion at a $29.3 ...
Anthropic is in talks with a consortium of private equity firms including Blackstone and Hellman & Friedman about forming an AI-focused joint venture to sell the Claude maker’s technology to companies funded by the investment firms, The Information reported on Wednesday. The proposed joint ...
Anthropic is in talks with a consortium of private equity firms including Blackstone and Hellman...