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Winklevosses Bet Big on a Crypto Bull Market. They Bet Wrong

Winklevosses Bet Big on a Crypto Bull Market. They Bet Wrong

Shortly after Tyler and Cameron Winklevoss took their crypto exchange public last fall, they celebrated the company’s expansion in Australia with a swanky party at a greenhouse in Sydney’s Royal Botanic Garden. The Winklevoss twins appeared via video link before a DJ played for a throng of supporters. “We’re in Australia for good,” James Logan, the new head of Australia for the crypto exchange, Gemini Space Station, said on social media.

Another xAI Co-Founder Leaves

xAI may have just three of its dozen co-founders including Musk still working at the firm.

Microsoft Windows and Office Chief Rajesh Jha to Retire, Names Successors

Jha will be replaced by four of his deputies, all of whom will report directly to CEO Satya Nadella.

Salesforce Raises $25 Billion in Bonds for Buyback

A $25 billion buyback will shrink Salesforce's outstanding share count by about 13%.

Cursor Said to be Raising at $50 Billion Valuation

A valuation at that level would be a show of faith in the startup, which has grown revenue quickly but faces rising competition from Anthropic and OpenAI.

Atlassian Lays Off 10% of Staff, CEO Plans More Investment in AI

Atlassian, whose shares have been hard-hit in the SaaSpocalpyse, says it is cutting jobs in order to invest more in AI and in sales.

Zendesk Acquiring AI Customer Service Startup Forethought

Zendesk's acquisition shows how larger companies are upgrading their products with AI that lets them carry out multi-step tasks without human intervention.

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Binance.US Names New CEO

The American entity of Binance eyes expansion in the U.S.

Google Completes Wiz Acquisition

The deal, Google’s largest-ever acquisition, was announced almost a year ago.

FCC Chair Blasts Amazon Over Petition Against SpaceX Data Center Plan

While it’s common practice in the satellite industry for companies to file petitions urging the FCC to rule against their competitors, it’s unusual for the agency’s leader to respond so quickly and publicly.

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Tesla and xAI to Work Together on AI, Elon Musk Says

The move, which comes after turnover at xAI, is the latest shift in Musk’s plan to build AI designed to replace white collar workers. 

Shopify CFO: Agentic Commerce Is Still ‘Very, Very Early’

Shopify has partnered closely with OpenAI on AI commerce features but will not add a ChatGPT app after OpenAI’s shopping shift.

AI Cloud Company Nebius Gets $2 Billion Nvidia Investment

Nvidia invested $17.5 billion in private companies and infrastructure funds in its most recent fiscal year.

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Uber to Offer Zoox Self-Driving Taxi to Riders

It’s the first ride-hailing partnership for the Amazon-owned robotaxi company

Quince Confirms New Funding Valuing Company Over $10 Billion

The online retailer announced $500 million in new funding on Wednesday.

Amazon Confirms $37 Billion Bond Sale

Amazon is lifting its capital expenditures by 50% this year and is also investing up to $50 billion in OpenAI.
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