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Salesforce CEO Marc Benioff via Getty. Art via Clark Miller

Marc Benioff Said AI Was Easy. A Team at Salesforce Proved Him Wrong

By Kevin McLaughlin · Sep 15, 2025 6:00am PDT · 2 comments

Salesforce CEO Marc Benioff was upset. Last fall, one of his technical teams told large Salesforce customers that using Agentforce, the software firm’s new artificial intelligence for automating customer service and other functions, would require extensive planning. The product information the Salesforce team shared with those customers... Salesforce CEO Marc Benioff was upset. Last fall, one of his technical teams told large...

OpenAI CEO Sam Altman. Photo by Getty,

OpenAI to Gain $50 Billion From Cutting Revenue Share with Microsoft, Partners

By Sri Muppidi, Aaron Holmes and Stephanie Palazzolo · Sep 12, 2025 7:18pm PDT · 2 comments

As OpenAI irons out new terms of a partnership with Microsoft, it has told some shareholders that the percentage of revenue it will hand over to Microsoft will drop considerably in the coming years. As part of their original partnership agreement, Microsoft is entitled to 20% of the startup’s revenue through 2030. But OpenAI has projected to... As OpenAI irons out new terms of a partnership with Microsoft, it has told some shareholders that...

CEO of Kalshi, Tarek Mansour, left, and CEO of Polymarket, Shayne Coplan. Photos by Getty

Polymarket Fields Offer for $9 Billion Valuation; Kalshi Nears $5 Billion Valuation

By Katie Roof and Yueqi Yang · Sep 12, 2025 10:23am PDT

Startups that enable people to bet on events such as the New York mayoral race, NFL games and the Federal Reserve rate decisions are in talks to raise more money at multi-billion-dollar valuations, as trading volume and rivalry between the two apps intensifies. Polymarket has considered an offer that would value the company as much as $9... Startups that enable people to bet on events such as the New York mayoral race, NFL games and the...

Nvidia CEO Jensen Huang via Getty

Nvidia Steps Back From Cloud Effort to Compete with AWS

By Anissa Gardizy · Sep 12, 2025 6:00am PDT

Nvidia CEO Jensen Huang via Getty

Nvidia Steps Back From Cloud Effort to Compete with AWS

By Anissa Gardizy · Sep 12, 2025 6:00am PDT

Nvidia is stepping back from its nascent cloud computing business, which had put it in quasi-competition with Amazon Web Services. It has lessened its efforts to attract businesses to the cloud service, dubbed DGX Cloud, said a person with direct knowledge of the situation. Instead, Nvidia plans to primarily use the service, which consists of... Nvidia is stepping back from its nascent cloud computing business, which had put it in...

Art by Mike Sullivan

Alibaba and Baidu Adopt Their Own AI Chips in Major Shift for Chinese Tech

By Qianer Liu · Sep 11, 2025 8:24am PDT · 1 comment

Chinese tech giants Alibaba Group and Baidu have begun using their own internally designed chips to train their artificial intelligence models, partly replacing AI chips made by Nvidia, according to four people with direct knowledge of the moves. The move is the latest sign that a decoupling of Chinese AI development from the Western... Chinese tech giants Alibaba Group and Baidu have begun using their own internally designed chips...

Karol Hausman, co-founder and CEO of Physical Intelligence. Images via YouTube.

Robotics Startup Physical Intelligence in Talks to Raise at $5 Billion Valuation

By Katie Roof · Sep 10, 2025 7:05pm PDT

Physical Intelligence, a startup developing large artificial intelligence models to power robots, is in talks with investors to raise additional venture capital at a valuation of about $5 billion, according to two people who have recently spoken to the company. A financing at that valuation would more than double the price investors awarded the... Physical Intelligence, a startup developing large artificial intelligence models to power robots,...

Art by Mike Sullivan

Amazon is Developing AR Glasses in Challenge to Meta

By Wayne Ma and Juro Osawa · Sep 10, 2025 6:00am PDT

Amazon is developing a pair of augmented-reality glasses for consumers, say two people with knowledge of the plans. In doing so, Amazon is jumping into a still-unproven market in competition with Meta Platforms, which is expected to unveil a new version of its AR glasses at its Connect conference next week, according to people who have worked on... Amazon is developing a pair of augmented-reality glasses for consumers, say two people with...

Art by Clark Miller.

Sequoia Poised for Nearly $3 Billion Gain From Klarna IPO

By Katie Roof · Sep 9, 2025 5:23pm PDT

Art by Clark Miller.

Sequoia Poised for Nearly $3 Billion Gain From Klarna IPO

By Katie Roof · Sep 9, 2025 5:23pm PDT

Klarna’s two-decade journey to a public listing means a lucrative return for its biggest backer—Sequoia Capital. The Silicon Valley firm stands to make about $2.65 billion on paper from its investment in the buy now, pay later lender, which endured boardroom drama and tumbling valuations on its way to a public listing. Sequoia owns 21% of... Klarna’s two-decade journey to a public listing means a lucrative return for its biggest...

Microsoft CEO Satya Nadella, left, and Anthropic CEO Dario Amodei. Photos via Getty

Microsoft to Buy AI From Anthropic in Partial Shift From OpenAI

By Aaron Holmes · Sep 9, 2025 11:18am PDT · 1 comment

Microsoft is taking its biggest step to lessen reliance on OpenAI’s artificial intelligence by embracing the startup’s bitter rival Anthropic to power its most important software business. Microsoft will pay to use Anthropic’s technology for some AI features in Office 365 apps, according to two people involved in the effort. The move will... Microsoft is taking its biggest step to lessen reliance on OpenAI’s artificial...

Marc Andreessen and Ben Horowitz, co-founders of Andreessen Horowitz. Photo via Getty.

Andreessen Horowitz Crypto Returns Boosted by 300% Solana Rally

By Natasha Mascarenhas · Sep 9, 2025 6:00am PDT · 1 comment

When Andreessen Horowitz raised a record-setting $4.5 billion crypto fund in May 2022, it seemed to have timed the market—in all the wrong ways. Bitcoin prices had fallen 55% from their peak, while Coinbase shares had dropped about 80%. Both would stay depressed for more than another year. But the Sand Hill Road firm’s crypto bets are... When Andreessen Horowitz raised a record-setting $4.5 billion crypto fund in May 2022, it seemed...

Supabase CEO Paul Copplestone. Screenshot via YouTube

Supabase in Talks to More Than Double Its Valuation to $5 Billion

By Katie Roof and Natasha Mascarenhas · Sep 8, 2025 4:00pm PDT

Supabase, a database startup that has benefited from the rise of artificial intelligence-powered coding assistants, is in talks with investors about offers that could raise its valuation to at least $5 billion, according to two people with direct knowledge of the discussions. The investment, if finalized, would more than double its... Supabase, a database startup that has benefited from the rise of artificial intelligence-powered...

OpenAI CEO Sam Altman, left, with Apple CEO Tim Cook at the White House. Photo via Getty

OpenAI Says Its Business Will Burn $115 Billion Through 2029

By Sri Muppidi · Sep 5, 2025 6:32pm PDT · 6 comments

OpenAI CEO Sam Altman, left, with Apple CEO Tim Cook at the White House. Photo via Getty

OpenAI Says Its Business Will Burn $115 Billion Through 2029

By Sri Muppidi · Sep 5, 2025 6:32pm PDT · 6 comments

OpenAI recently had both good news and bad news for shareholders. Revenue growth from ChatGPT is accelerating at a more rapid rate than the company projected half a year ago. The bad news? The computing costs to develop artificial intelligence that powers the chatbot, and other data center-related expenses, will rise even faster. As a result, ... OpenAI recently had both good news and bad news for shareholders. Revenue growth from ChatGPT is...

Art by Clark Miller.

How Tech Giants Are Spreading the Risk of the AI Buildout

By Miles Kruppa · Sep 5, 2025 6:00am PDT

Joint ventures. Backstop agreements. Syndicated debt offerings. The richest tech companies and their bankers are developing increasingly complicated financial strategies to meet the soaring demands of funding artificial intelligence. The goal for companies like Google and Meta Platforms is to stay ahead in the AI race while offloading some of... Joint ventures. Backstop agreements. Syndicated debt offerings. The richest tech companies and...

Nvidia CEO Jensen Huang. Art by Clark Miller

Nvidia to Pay $1.5 Billion to Rent Back Its Own Chips From Cloud Startup

By Natasha Mascarenhas and Anissa Gardizy · Sep 4, 2025 12:49pm PDT · 3 comments

A small cloud provider for artificial intelligence that’s preparing to go public has secured a major boost from its most important supplier: Nvidia. The chip giant agreed this summer to rent 10,000 of its own AI chips from the cloud firm, Lambda, for $1.3 billion over four years, and a separate $200 million deal to rent 8,000 more Nvidia chips... A small cloud provider for artificial intelligence that’s preparing to go public has secured a...

Photo via Getty

Elon Musk’s X Money Plans Stalled by Regulators, Staff Turnover

By Theo Wayt · Sep 4, 2025 7:00am PDT

For decades, one of Elon Musk’s biggest ambitions has been using technology to disrupt and replace traditional banks and payments processors. One of his management obsessions, meanwhile, has been pushing his employees to build things as quickly and cheaply as possible. Inside X, those two ideals are coming into conflict. Musk’s desire for X to... For decades, one of Elon Musk’s biggest ambitions has been using technology to disrupt and...

Photo via Getty

Nasdaq Steps Up Scrutiny of Companies Loading Up on Crypto

By Yueqi Yang · Sep 4, 2025 6:00am PDT · 1 comment

Photo via Getty

Nasdaq Steps Up Scrutiny of Companies Loading Up on Crypto

By Yueqi Yang · Sep 4, 2025 6:00am PDT · 1 comment

Nasdaq is stepping up its scrutiny of companies listed on its exchange that are aiming to get a stock price boost by raising money to buy and hoard crypto, according to company filings and people familiar with the matter. The exchange’s move could slow the crypto boom that is putting increasingly exotic tokens on mainstream markets. The stock... Nasdaq is stepping up its scrutiny of companies listed on its exchange that are aiming to get a...

Lambda CEO Stephen Balaban. Screenshot via YouTube

Nvidia-Backed Cloud Provider Lambda Hires Banks for IPO

By Valida Pau and Natasha Mascarenhas · Sep 3, 2025 1:56pm PDT

Lambda, a cloud provider that rents out Nvidia graphics chips for artificial intelligence, has hired investment banks to prepare for an initial public offering in the U.S., according to people with direct knowledge of the talks. The San Jose, Calif.-based startup has hired Morgan Stanley, J.P. Morgan and Citi to prepare for a listing as soon as... Lambda, a cloud provider that rents out Nvidia graphics chips for artificial intelligence, has...

Photo via Getty

Google Ramps Up AI Chip Competition with Nvidia

By Anissa Gardizy and Miles Kruppa · Sep 3, 2025 6:00am PDT · 4 comments

Google is one of the largest buyers of Nvidia’s artificial intelligence chips, which it rents out to Google Cloud customers such as OpenAI and Meta Platforms. But Google’s grand ambitions for its own competing AI chips show no sign of slowing down. In the latest example, Google recently approached small cloud providers that primarily rent out... Google is one of the largest buyers of Nvidia’s artificial intelligence chips, which it rents out...

Anysphere CEO Michael Truell. Screenshot via YouTube, art by Clark Miller.

OpenAI and XAI Show Interest in Cursor’s Coding Data

By Natasha Mascarenhas · Sep 2, 2025 6:00am PDT

Startups that sell artificial intelligence–powered coding assistants such as Cursor have created some of the fastest-growing businesses in Silicon Valley, making them ripe acquisition targets for OpenAI and other large AI developers. So far, Cursor’s owner Anysphere isn’t selling. Instead, potential acquirers such as OpenAI, xAI and... Startups that sell artificial intelligence–powered coding assistants such as Cursor have...

Art by Clark Miller

DOGE Is Using AI to Target SEC Regulations for Cutting

By Sylvia Varnham O'Regan · Sep 1, 2025 6:00am PDT · 3 comments

Art by Clark Miller

DOGE Is Using AI to Target SEC Regulations for Cutting

By Sylvia Varnham O'Regan · Sep 1, 2025 6:00am PDT · 3 comments

Staff at the Securities and Exchange Commission are using artificial intelligence to identify rules and regulations to potentially cut, as President Donald Trump’s administration wages a tumultuous campaign aimed at limiting financial regulators and sidelining staff it views as not aligned with its priorities. Employees associated with the... Staff at the Securities and Exchange Commission are using artificial intelligence to identify...