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Tencent Holdings is secretly building a new AI agent for its hugely popular WeChat messaging app, in hopes of leapfrogging rivals like Alibaba Group and ByteDance in the race to dominate China’s domestic AI market, The Information reported. The new agent would connect with the millions of ...
OpenAI plans to soon launch its Sora AI-generated video capabilities in ChatGPT, according to people with knowledge of the effort. The strategy shift could increase the chatbot’s usage as well as its costs.
The move comes about five months after OpenAI released a Sora mobile app, which lets people quickly create videos of themselves and other people or animals doing mesmerizing or humorous acts...
General Catalyst is in the process of raising $10 billion in new investment funds, according to a person familiar with the matter. The funding drive comes less than two years after the backer of Stripe and Anduril raised $8 billion in funds, at the time its largest ever, and after ...
Oracle managed to calm some frayed nerves on Wall Street on Tuesday. The cloud and software firm, which has become a focal point for investors’ anxiety about AI-related spending, reported slightly better than projected revenue for its February quarter. More importantly, for the second time in two quarters, it raised its revenue projection for next fiscal year, which starts in June. Oracle now...
Is investing in consumer startups back? Well, it’s back from the dead.When we broke the news of fashion e-tailer Quince’s $10 billion valuation last week, I thought maybe I was back in 2021. It wasn’t long ago that direct-to-consumer brands like Warby Parker and Daily Harvest and more were raking in investment dollars. But following some startups’ disappointing public debuts and low-priced...
Ravi Gupta, a partner at Sequoia Capital, and John Hegeman, former chief revenue officer at Meta, are raising at least $1 billion for their new venture called Ithaca Holdings, a Berkshire Hathaway-style holding firm that will find acquisition targets and drive growth in part by using artificial ...
Microsoft on Tuesday backed Anthropic’s federal court request to temporarily block the Pentagon from cutting business ties with the AI firm, arguing that the Pentagon’s action could harm Microsoft’s business and the broader tech sector. In a filing Tuesday, Microsoft told a federal judge it ...
Oracle shares rose 8% in after-hours trading Tuesday after the firm posted strong cloud-server rental growth in the February fiscal quarter, line with its earlier projections. It also raised its projected revenue for the fiscal year that starts in June by about 1% to $90 billion. The ...
Salesforce plans to sell between $20 billion and $25 billion in bonds as soon as this week, to help fund its recently-announced $50 billion stock buyback, Bloomberg reported. The bond offering, coming as Amazon was also in the market trying to raise twice as much, shows how a flood of tech ...
Google is providing its Gemini “Agent Designer” to the Department of Defense for unclassified work, Google announced on Tuesday. The feature, which will be part of the Pentagon’s AI platform GenAI.mil, will allow DOD employees to create AI agents to automate administrative tasks like drafting ...