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Tech’s splurge on AI chips has companies in ‘arms race’ that’s forcing more spending

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending billions of Dollars so his company can develop and train advanced […]

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Tesla’s profit margin is getting hammered by EV discounts and hefty AI spending

Technology News

Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images As Tesla CEO Elon Musk continues to make lofty promises about his company’s future in autonomous driving and

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Europe’s AI-powered Google Translate rival DeepL launches traditional Chinese language in Asia push

Finance News

DeepL CEO Jaroslaw “Jarek” Kutylowski. DeepL German artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia. DeepL, one of Europe’s high-profile AI companies valued at $2 billion, sells translation software aimed at businesses rather than everyday consumers. Traditional Chinese is a

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Alphabet to invest billion in self-driving car unit Waymo

Alphabet to invest $5 billion in self-driving car unit Waymo

Technology News

A Waymo rider-only robotaxi is seen during a test ride in San Francisco on Dec. 9, 2022. Paresh Dave | Reuters Alphabet is again investing in its self-driving car unit Waymo — this time with $5 billion. “This new round of funding will enable Waymo to continue to build the world’s leading autonomous driving company,”

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AI startup Cohere cuts staff after 0 million funding round

AI startup Cohere cuts staff after $500 million funding round

Finance News

Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia, cut about 20 roles on Tuesday, CNBC confirmed. The layoffs at Cohere, which had about 400 employees according to the company, follow the completion of a $500 million funding round from investors including AMD, Salesforce, Oracle and Nvidia that valued the company at

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What Google’s decision to keep cookies means for the internet

Technology News

Google announced in a surprise move that it would reverse its years-long plan to phase out third-party cookies. Daniel Acker | Bloomberg | Getty Images Google on Monday announced a bold move that has some big implications for advertisers and the future of the internet. The U.S. internet giant said late Monday it is reversing

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Wiz walks away from billion deal with Google, will pursue IPO

Wiz walks away from $23 billion deal with Google, will pursue IPO

Technology News

Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant’s largest-ever deal, telling employees it would pursue an initial public offering as it initially planned. “Saying no to such humbling offers is tough,” Wiz co-founder Assaf Rappaport said in a memo obtained by

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Google cancels plans to kill off cookies for advertisers

Technology News

\Trade fair visitors walk past a Google logo at the Google stand at Hannover Messe 2024. Julian Stratenschulte | Picture Alliance | Getty Images After years of delay, Google says it will no longer cancel and replace third-party cookies — a practice long used by advertisers — for its internet browser Chrome. Cookies are small

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Amazon’s deal with AI startup Adept faces FTC scrutiny

Finance News

The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters The Federal Trade Commission has launched an informal inquiry into Amazon‘s recently announced deal with AI startup Adept, CNBC has confirmed. The FTC is seeking more information about the agreement announced last month, which involved Amazon

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Google reportedly in advanced talks to acquire cyber startup Wiz for billion, its largest-ever deal

Google reportedly in advanced talks to acquire cyber startup Wiz for $23 billion, its largest-ever deal

Finance News

Sundar Pichai, CEO of Alphabet Inc., during Stanford’s 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024. Justin Sullivan | Getty Images Google is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, The Wall Street Journal reported Sunday, citing people familiar with the matter. The people familiar told the

Google reportedly in advanced talks to acquire cyber startup Wiz for $23 billion, its largest-ever deal Read More »

Tech’s splurge on AI chips has companies in ‘arms race’ that’s forcing more spending

Europe’s AI-powered Google Translate rival DeepL launches traditional Chinese language in Asia push

Alphabet to invest $5 billion in self-driving car unit Waymo

AI startup Cohere cuts staff after $500 million funding round

Wiz walks away from $23 billion deal with Google, will pursue IPO

Google cancels plans to kill off cookies for advertisers

Amazon’s deal with AI startup Adept faces FTC scrutiny

Google reportedly in advanced talks to acquire cyber startup Wiz for $23 billion, its largest-ever deal

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