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AWS Aims to Boost AI Business With Cerebras Chip Deal

Amazon Web Services, facing intensifying competition from AI rivals, strikes a deal with one of the tech industry's highest-profile chip startups.

Amazon Prime Video Raises Prices on Ad-Free Tier

The streamer can use the increase to juice revenue in its two-year-old ad business

Ex-Uber CEO Kalanick Plots Self-Driving Car Firm with Uber Funding

Kalanick is also talking about potentially acquiring a self-driving tech startup run by Anthony Levandowski, Uber's former self-driving car chief.

Elon Musk Says xAI ‘Was Not Built Right’ is ‘Being Rebuilt’

Musk also said that xAI is contacting people it had previously rejected from jobs.

Meta Said to Push Back Launch of Avocado Model

Meta’s new foundational model, Avocado, has come up short of competitors' AI models, prompting the company to delay its release, The New York Times reported.

BuzzFeed is Considering Strategic Options

BuzzFeed has a significant amount of debt due within the next year and not much cash.

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Adobe CEO to Step Down After 18 Years, Company Searching for Successor

Adobe CEO Shantanu Narayen, who led the company's transition to selling cloud applications more than a decade ago, is moving on.

SoftBank-Backed Payment App PayPay Rises in U.S. IPO

The deal comes as Softbank is looking to finance its big bets in artificial intelligence.

Another xAI Co-Founder Leaves

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

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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.

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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.

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.

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.

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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