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Mercor’s Fast Growth Relies on Biggest AI Companies, Documents Show

Mercor, a three-year-old data startup whose army of contractors teaches AI to give better answers, is growing fast but relies heavily on revenue from AI foundation model companies, financial documents seen by The Information show. The company generated $614 million in gross revenue in the first half of the year, up 70% from all of last year, according to the documents. About 91% of the first half revenue came from makers of AI foundation models. Mercor’s top customers include OpenAI,...

Tesla Expands Robotaxi Service in Florida

Tesla has publicly targeted Arizona and Nevada as the next locations for the Robotaxi expansion.

Microsoft Commits Billions for ‘Shared’ GPUs With Europe’s Mistral

The move follows Microsoft’s pledge last year to spend more money on building new data centers in Europe.

Chinese Fintech Giant Ant Group’s Overseas Arm Raises $1.2 Billion

Ant International will use the proceeds to accelerate the expansion of its global payment network.

China’s Zhipu AI Builds Data Center Using Only Domestic Chips

As the U.S.-China AI rivalry escalates, China is stepping up its effort to reduce its dependence on Nvidia chips.

Key Trump Administration AI Official Resigns After Three Months

Chris Fall led the Center for AI Standards and Innovation, a small agency within the Commerce Department.

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AI Infrastructure

Stay ahead of the AI infrastructure wars. Ann Davis Vaughan covers how tech titans are disrupting the energy sector and becoming accidental industrial giants to compete on the AI model battlefield.

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Alphabet Stock Jumps After Information Report of New Google Chip

Google is working on a new chip that could be 6 to 10 times more efficient than its current line of homegrown AI chips.

Moonshot AI Seeks Investor Approval to Begin IPO Process

The IPO discussions come as the Chinese startup is disrupting the global AI industry with its powerful new open-source model, Kimi K3.

Alibaba Unveils New Model as Chinese AI Firms Shake Up Silicon Valley

Alibaba says its largest-ever model, Qwen3.8 Max, is second only to Anthropic’s Claude Fable 5.

What happens when Silicon Valley logs off—the trends, people and companies shaping tech culture.

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Databricks Valued at $188 Billion as AI Demand Surges

The AI firm offers a range of proprietary and open source AI models, and it plans to use the funding to purchase additional GPU capacity.

Apple and U.S. Justice Department in Settlement Talks Over Antitrust Case

Apple has said it already resolved many of the issues

SpaceX Shares Drop After Aborted Starship Test Launch

It was SpaceX’s first attempted Starship flight test since the company went public in June.

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Tech Stocks Drop Sharply Again

Among the worst hit was Elon Musk's SpaceX, whose shares fell 5% to $124, about $11 below its IPO price.

Moonshot AI’s New Kimi K3 Challenges U.S. Frontier Models

One coding leaderboard ranks the new Chinese open-source model above Anthropic’s Fable 5.

Meta Plans To Hire Former Top AWS Executive

Dave Brown will join Meta in the coming weeks as the company ramps up its data center expansion.
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