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Netflix is converting its offer for Warner Bros. Discovery to make it all cash, but at the same $27.75 a share level that the companies agreed in early December, both companies said Tuesday. The revised offer reflects pressure from bidder Paramount Skydance, which is offering $30 a share for all ...
AI-powered shopping has the potential to be a big boost to Amazon’s retail business, CEO Andy Jassy said on Tuesday. And while Amazon already has its own shopping chatbot, it is also looking for ways to partner with other companies to run their chatbots on its site.
In an interview with The Information’s Jessica Lessin at the World Economic Forum in Davos, Jassy noted that with many AI-powered...
Over the past few years deep tech investing has taken on a new shine, as companies such as Waymo, SpaceX and Anduril turn technical breakthroughs in research-heavy fields like autonomous driving, rockets and defense tech into commercial businesses. Now one emerging investment fund wants to back new deep tech startups with a twist: The startups’ founders are likely to either be in Israel or have...
We have a change of pace this week after the AI dramas of the past few days. President Donald Trump’s latest tariff assault on Europe, related to his aspirations for owning Greenland, will have markets jumpy—as we saw on Monday. Maybe a deal can be worked out at the annual World Economic Forum confab at Davos, which started today. Expect to see endless television shots of news anchors and Very...
A top OpenAI executive said the company is planning to introduce its first hardware device in the latter half of 2026. In an interview with Axios at an event in Davos, Switzerland, Chris Lehane, OpenAI’s chief global affairs officer, said the AI startup is “on track” to show the product later in ...
Google’s Gemini saw a doubling in developer demand during a five month period last year. The Information reported that, in August, Google saw around 85 billion requests from developers sent to its Gemini application programming interface, up from about 35 billion in March. Those requests, known ...
There’s no doubt now that the tech companies driving AI will have to help produce the new electricity needed to power it. The White House and several governors sought Friday to force them to build more plants.That’s why Google’s $4.75 billion deal in December for Intersect, a developer of renewables and data center infrastructure, is so significant. Google has already been working with partners...
OpenAI Chief Financial Officer Sarah Friar said in a blog post on Sunday that the company’s annualized revenue has grown at approximately the same rate as its consumption of computational resources. Friar said that OpenAI’s compute has tripled year over year—from 0.2 gigawatts in 2023 to 0.6 ...
Google’s improvements to its Gemini AI models are boosting the company’s top line.
Over the past year, Google’s business selling access to its Gemini AI models has skyrocketed, reflecting the improving quality of those models, according to three people with knowledge of Gemini’s sales. That’s likely to lift revenue from Google Cloud’s core business of server sales, as money customers spend on AI...
An exodus of staffers from Thinking Machines Lab this week has rattled some investors in the AI startup led by Mira Murati. The Information reported that Murati and other Thinking Machines employees were caught off guard earlier this week when two senior researchers at the startup, Luke Metz and ...