Elon Musk says xAI acquired X in an all-stock deal valuing xAI at $80B and X at $33B; xAI was reportedly in talks to raise funds in February at a $75B valuation
Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values …
Replit CEO Amjad Masad says learning to code is a waste of time, citing Dario Amodei's prediction that AI may generate essentially all code by next year
Repli CEO Amjad Masad said that since AI will take over coders in future, one should not waste time on studying coding now.
In the latest Windows 11 preview build, Microsoft removed the “bypassnro” command, which let users skip signing into a Microsoft Account when installing Windows
The popular “bypassnro” command, which let users to skip connecting to the Internet and signing into a Microsoft Account, is being removed.
CoreWeave closes flat at $40 in its Nasdaq debut; CoreWeave's offering is the largest US IPO since UiPath's NYSE debut in 2021
CoreWeave's stock opened at $39 and closed at $40 in its Nasdaq debut on Friday after the company sold shares at $40 a piece, below the expected range.
India's e-commerce market grew 10%-12% YoY to ~$60B in GMV in 2024, versus historical rates of over 20%, with 270M+ people shopping online, second only to China
Executive summary — India has become a retail powerhouse over the last decade, ascending to the third largest retail market globally in 2024.
Source: hackers broke into Oracle's Cerner servers sometime after January 22 and stole patient data to extort US medical providers; the FBI is investigating
- The FBI is investigating the incident from earlier this year — Hacker used stolen logins to access old servers, Oracle said
Sources: OpenAI is finalizing a $40B round led by SoftBank, receiving $10B initially and another $30B by 2025's end if it restructures into a for-profit company
A stipulation of the funding round, led by SoftBank, adds pressure to OpenAI's efforts to convert to a for-profit company
World History Encyclopedia, the second most visited history site, says its traffic fell 25% in Nov. 2024 after AI search tools began presenting its information
World History Encyclopedia CEO Jan van der Crabben saw his site show up in Google's AI Overviews and ChatGPT. Then traffic dropped 25%. Bluesky: @xsalty1 , @olicommish , @kantrowitz , @bcmerchant , a...
Source: the new combined entity housing xAI and X is called XAI Holdings and is valued at more than $100B but less than $113B, since X already owned part of xAI
- New joint entity is valued at over $100 billion, person says — X, xAI already partnered on data sharing and Grok distribution
CoreWeave raised $1.5B in its IPO, selling ~37.5M shares at $40 each, down from a planned 49M shares at $47-$55; source: Nvidia anchored with a ~$250M order
but many buzzy tech IPOs remain in the pipeline Thomas Maxwell / Gizmodo : CoreWeave Is at the Center of the AI Revolution, and Its IPO looks Like a House of Cards Helene Braun / CoinDesk : CoreWeave ...
US tech companies are racing to establish more and bigger offshore campuses in India, fully staffed with highly skilled professionals in cities like Bengaluru
An abundance of motivated young professionals is luring American businesses to base their global operations in Indian cities.
Gensol's troubles cast doubt on the future of Indian EV ride-hailing firm BluSmart, founded by Gensol's promoters; BluSmart has raised $180M in debt and equity
There seems to be no respite for Gensol Engineering and ride-hailing startup BluSmart. In a fresh development …
Sources: TSMC, Intel, and other chipmakers have slowed their expansions in Japan and Malaysia due to lackluster demand for older chips and tariff uncertainties
TAIPEI — Leading chipmakers and packagers including Taiwan Semiconductor Manufacturing Co. and Intel have slowed the pace …
Bain and Flipkart report: quick commerce made up over two-thirds of India's e-grocery orders in 2024, with GMV rising nearly five times to $6B-$7B from 2022
Ashwin Manikandan / Reuters :
Trump pardons BitMEX founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who previously pled guilty to federal criminal charges related to money laundering
Is Do Kwon Next? Associated Press : Trump pardons founder of electric vehicle start-up Nikola, Trevor Milton Assad Jafri / CryptoSlate : Trump exonerates BitMEX co-founder in landmark anti-money laund...
NYC-based Rain, which issues credit cards that let customers settle payments in stablecoins, raised $24.5M led by Norwest, taking its total funding to $30.5M
Catherine McGrath / Fortune :
A jury finds Frank founder Charlie Javice guilty of defrauding JPMorgan Chase by falsifying Frank user numbers; the charges carry a maximum sentence of 30 years
Luisa Beltran / Fortune :
Anthropic researchers share the surprises they observed while watching Claude think: planning ahead, confusion between safety and helpfulness goals, lying, more
Steven Levy / Wired :
A book excerpt details how the OpenAI board ousted Sam Altman with help from Mira Murati, who provided examples of his alleged lies and other toxic behavior
Secrets, misdirection and broken trust. The inside story of how the CEO of the hottest tech company was ousted and, just as quickly, resurrected. Forums: Hacker News Forums: Hacker News : The Real St...
The US FDIC says banks can engage in cryptocurrency and other legally permitted activities without prior regulatory approval if they manage risks appropriately
Basically the crypto version of the housing crisis. @opinionatedogre : Because greedy banks are historically known for self-restraint and managing risks appropriately... Holy shit, the next Wall St. ...
Brooklyn-based Underdog, a fantasy sports and sports betting app, raised $70M in a first Series C tranche at a $1.23B valuation from Spark Capital
I'm incredibly excited to be part of this team — not just because of the headline … Jeremy Levine : Very excited to welcome Spark Capital to team Underdog! Bria Elly : Underdog is growing...like a lot...
Adalytics: DoubleVerify, IAS, and Human Security, paid by advertisers to detect bots, regularly miss such traffic; DoubleVerify missed 21% of bot visits
> I was the 15th employee at DoubleVerify in 2009. … Charlie Tysse : A few years ago while still at Further (formerly Search Discovery), Jim Gordon, Samantha Burge and I were engaged by a large multin...
Crypto.com says the US SEC won't pursue enforcement action; Crypto.com sued the SEC in October after receiving a Wells notice signaling potential charges
Sarah Wynn / The Block :
Sources: ScaleAI is seeking a valuation as high as $25B in a potential tender offer; it was last valued at $13.8B in a $1B Series F round led by Accel in 2024
$2B … Personal Stats — Age — Source of Wealth … Residence Ananya Gairola / Benzinga : Nvidia-Backed Scale AI Reportedly Eyes $25 Billion Valuation In Tender Offer Amid Explosive Demand For Labeled...
FTX tells a US bankruptcy judge it will make the first payment to its main creditors on May 30 using the $11.4B cash hoard it has collected since shutting down
Steven Church / Bloomberg :
Filing: Intel says three board members will not stand for reelection at its 2025 annual meeting, shrinking the size of the board to 11 members
New Intel CEO We are very pleased to have appointed Lip-Bu Tan … Kif Leswing / CNBC : Intel announces three board members will retire following CEO shake-up Ian King / Bloomberg : Intel Board Members ...
Reddit shares are down 50% from a February high, after its Q4 earnings report showed its traffic took a hit from a change in Google's search algorithm
Carmen Reinicke / Bloomberg : Bluesky: @willoremus.com . X: @rustybrick . Forums: Beehaw Bluesky: Will Oremus / @willoremus.com : live by the algo die by the algo [embedded post] X: Barry Schwartz / ...
Sources: Blackstone is evaluating a small minority investment in TikTok's US operations, joining the front-running bid by ByteDance's non-Chinese shareholders
A US judge rejects Musk's bid to dismiss a lawsuit claiming he defrauded ex-Twitter shareholders by delaying the disclosure of his initial Twitter investment
Jonathan Stempel / Reuters :
Former Twitch CEO Emmett Shear, who was OpenAI's interim CEO in 2023 when Sam Altman was fired, launches Softmax, a startup focused on AI alignment
Ashlee Vance / Core Memory : Bluesky: @jeffabbott , @virmalised.us , and @edzitron.com X: @eshear , @eshear , and @ashleevance Bluesky: Jeff Abbott / @jeffabbott : “our AI systems are out of alignmen...
Google will pay $100M in cash to settle a 2011 lawsuit accusing the company of charging for clicks on ads outside the geographic areas the advertisers targeted
Jonathan Stempel / Reuters :
Shopify: Revolutionizing Commerce with Winter Edition '26
Over 150+ new features transform how merchants build, design, and grow—with technology that amplifies creative vision.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
Protecting your Cloud Applications Data
Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.