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Volvo plans to be prepared to offer Americans what they want in a car and not "guide them" on what to buy, says the comp...
09/28/2025

Volvo plans to be prepared to offer Americans what they want in a car and not "guide them" on what to buy, says the company's U.S. chief. He adds that a shared vehicle platform with some other Geely brands helps reduce Volvo's costs. https://bit.ly/426idBW

A wave of automakers has cancelled plans to produce electric vehicles in the U.S., responding to slow sales of the cars. But Volvo Cars, an automaker owned by China’s Geely Group, is boosting its EV manufacturing plans at its South Carolina plant, a move that could be a model for other Chinese ...

Australian bank Macquarie is backing early-stage data center projects. It agreed to provide up to $5 billion in preferre...
09/28/2025

Australian bank Macquarie is backing early-stage data center projects. It agreed to provide up to $5 billion in preferred equity to Applied Digital to help it transition from bitcoin mining to AI data centers. Full story: https://www.theinformation.com/articles/ai-data-center-lenders-watch

The astounding financial demands of artificial intelligence have forced the tech industry to embrace a new source of funding: lenders that can quickly write multi-billion dollar checks. These banks an...

Another new AI consulting startup, Edra AI, was founded by two former Palantir employees. Edra is training AI agents tha...
09/28/2025

Another new AI consulting startup, Edra AI, was founded by two former Palantir employees. Edra is training AI agents that can accept insurance claims and sort through customer complaints while using consultants to make up for the agents' shortcomings. https://www.theinformation.com/articles/startup-founded-ex-palantir-employees-raises-1-8-billion-valuation

A raft of venture-backed startups are emerging to offer high-tech consultants for businesses needing help with artificial intelligence, posing competition for companies like Palantir and McKinsey & Co. that specialize in high-priced consulting services....

The amount of cash Nvidia is pumping into companies like OpenAI approaches the level of a stimulus program. It effective...
09/28/2025

The amount of cash Nvidia is pumping into companies like OpenAI approaches the level of a stimulus program. It effectively boomerangs some of the cash back to the company in the form of chip sales. Full story here:

Even by the standards of one of the most prodigious dealmakers in tech, the past month or so has been a head-spinning one for Nvidia’s Jensen Huang. Just in September, Nvidia agreed to buy any unused ...

Most humanoid robots do not operate autonomously all the time. In some demonstrations of 1X’s Neo Gamma robot, a remote ...
09/28/2025

Most humanoid robots do not operate autonomously all the time. In some demonstrations of 1X’s Neo Gamma robot, a remote technician controlled the robot’s hands and voice. https://www.theinformation.com/articles/humanoid-robot-developer-1x-targets-1-billion-new-funding

Humanoid robotics startup 1X has told investors and employees it is trying to raise as much as $1 billion, according to three people who spoke to CEO Bernt Øivind. The decade-old company is aiming for...

The central tension in the AI device race is between two approaches: improving the familiar by integrating AI into exist...
09/28/2025

The central tension in the AI device race is between two approaches: improving the familiar by integrating AI into existing platforms, and inventing the new by betting on a paradigm shift to new form factors. https://www.theinformation.com/articles/will-build-first-true-ai-device

The race to develop personal AI devices is in full swing. Meta’s announcement of a new line of smart glasses with a built-in AI assistant is the latest example of tech giants and ambitious startups tr...

The talks with Google come after Meta's own AI development has faced stumbles, prompting the company to consider using o...
09/28/2025

The talks with Google come after Meta's own AI development has faced stumbles, prompting the company to consider using other companies' technology as an interim measure. Full story:

Meta Platforms staffers have had discussions with Google Cloud about the possibility of using Google’s artificial intelligence models to improve Meta’s ad business, according to people with knowledge ...

Applied Compute, a company developing reinforcement learning services, is in talks for new funding. The San Francisco-ba...
09/28/2025

Applied Compute, a company developing reinforcement learning services, is in talks for new funding. The San Francisco-based company previously raised $20 million. Learn more:

As artificial intelligence developers increasingly rely on reinforcement learning to improve their models, investors are funding startups that focus on helping businesses utilize the technique to auto...

Mira Murati secured $2 billion in funding for Thinking Machines despite sharing few details about the product it would b...
09/28/2025

Mira Murati secured $2 billion in funding for Thinking Machines despite sharing few details about the product it would be building. Investors also gave her total veto power over the board of directors. Read more:

This summer, Meta Platforms offered multiple researchers at artificial intelligence startup Thinking Machines Lab sizable compensation packages to join its new AI lab. When all of the researchers decl...

Exclusive: Fivetran is in talks to acquire data management company dbt Labs in a deal that could give the combined entit...
09/28/2025

Exclusive: Fivetran is in talks to acquire data management company dbt Labs in a deal that could give the combined entity an enterprise value of $5 billion to $10 billion. Read more: https://thein.fo/46GLJzH

Fivetran, a startup used by companies to manage and prepare data for analytics and artificial intelligence, is in talks to buy data management companydbt Labs, according to people with direct knowledg...

ByteDance hired Wu Yonghui, a 17-year Google veteran and a key researcher behind the Gemini AI models. Meanwhile, Tencen...
09/28/2025

ByteDance hired Wu Yonghui, a 17-year Google veteran and a key researcher behind the Gemini AI models. Meanwhile, Tencent hired Yao Shunyu from OpenAI, a researcher who earned a doctorate at Princeton last year. These are some of the high-profile moves from U.S. companies to Chinese firms. Full story here: https://www.theinformation.com/articles/u-s-loses-appeal-chinese-ai-researchers

The U.S. artificial intelligence sector is so crowded with Chinese researchers that some joke the global AI race is between two groups of Chinese—those in the U.S. and those in China. That joke may so...

A Google court filing reveals that only 11% of ad space bought by advertisers using Google Ads went to the open web in J...
09/28/2025

A Google court filing reveals that only 11% of ad space bought by advertisers using Google Ads went to the open web in January 2025, a significant drop from over 40% in January 2019. Full story here: https://thein.fo/3IFpfqN

The rise of artificial intelligence services saved Google from a breakup in its search antitrust case earlier this month. Google’s lawyers seem to be hoping AI might do the same for the second antitru...

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