Snap says its $400M deal with Perplexity ‘amicably ended’
The deal, announced last November, would have seen Perplexity’s AI search engine integrated directly into Snapchat.
Is xAI a neocloud now?
xAI’s real business may be more about building data centers than training AI models.
Microsoft’s AI data center push is colliding with its clean power goals
The push for new data centers at Microsoft is putting one of the its key clean power goals at risk.
Robinhood’s venture fund IPO attracted 150,000+ retail investors, CEO says
Robinhood CEO Vlad Tenev says more than 150,000 retail investors joined the fintech’s new venture fund, which offers exposure to private tech companies like OpenAI, Stripe, Databricks, and Oura before they go public.
How Elon Musk left OpenAI, according to Greg Brockman
Cutthroat negotiations between startup founders are rarely shared so publicly, especially when a company becomes as world-changing as OpenAI.
Alberta approves 28 operators ahead of regulated online gambling market launch
Alberta is moving closer to the launch of its regulated online gambling market after provincial regulators approved 28 operators to enter the province ahead of the July 13 opening date. An updated list released by
DOJ says ransomware gang tapped into Russian government databases
U.S. prosecutors said a ransomware gang fueled Russian government corruption, and allowed the gang’s leaders to avoid paying taxes and dodge the country’s military draft.
AI evaluation startup Braintrust confirms breach, tells every customer to rotate sensitive keys
Braintrust, a startup that makes an “operating system for engineers building AI software,” notified customers that hackers broke into one of its Amazon cloud environments, and is asking customers to rotate their API keys.
SpaceX may spend up to $119 billion on ‘Terafab’ chip factory in Texas
SpaceX, Elon Musk’s space company that also houses his AI company, xAI, is considering spending $55 billion, at least initially, to build a semiconductor factory in Texas, according to a filing with Grimes County.
DeepSeek could hit $45B valuation from its first investment round
The Chinese AI lab came to prominence in early 2025 after launching a large language model that trained on a fraction of the compute power and at a fraction of the cost of the big U.S. models like those from OpenAI