The new VC playbook: Buy old businesses, power them with AI
Legacy businesses are suddenly becoming Silicon Valley's new frontier
Space Forge raises $30 million to develop satellites for space-based manufacturing
UK startup sets record for largest Series A in space tech
Visa is piloting AI agents with payment systems for autonomous shopping
Forward-looking: Visa plans to allow AI agents to conduct financial transactions on behalf of consumers, a move that could streamline and automate everyday purchases. The company is currently running pilot programs that connect its payment network to AI platforms developed by firms such as Anthropic, Microsoft, OpenAI, Perplexity, and Mistral, with broader adoption expected soon.
Chrome is worth around $50 billion, DuckDuckGo CEO guesstimates
OpenAI, Perplexity, and even Yahoo have said they would like to buy Chrome
Musk merges startup xAI and Twitter, betting on AI to revitalize social media
X posts will continue fueling xAI's training data
What just happened? Elon Musk has orchestrated another move in his sprawling business empire, announcing on Friday that his artificial intelligence firm, xAI, has acquired X (formerly Twitter). The all-stock transaction values X at $33 billion, including $12 billion in debt, and xAI at $80 billion, creating a combined entity Musk says will "unlock immense potential" and provide "smarter, more meaningful experiences" for users.
European watchdogs demand game companies stop predatory virtual currency sales to children
These common sense rules would protect adults just as much as children
Most AI experts say chasing AGI with more compute is a losing strategy
Is the industry pouring billions into a dead end?
Apple loses more than $1 billion a year on Apple TV+ streaming service
Just a drop in the bucket for the company
Intel's new CEO lands $66M pay deal, with stock performance conditions
Tan's package is standard compared to other tech CEOs
Trump establishes strategic Bitcoin reserve using seized assets
But the government won't be making new purchases, disappointing many in the crypto community
Trump calls for an end to the Chips Act, redirecting funds to national debt
"Your Chips Act is a horrible, horrible thing"
Citigroup nearly credited client with $81 trillion instead of $280
The error slipped past two levels of scrutiny before it was caught
Man who lost $750 million Bitcoin in landfill now wants to buy the site
If at first you don't succeed...
In brief: James Howells, the man who has spent more than a decade trying to recover a hard drive containing more than $750 million worth of Bitcoin from a landfill, is not giving up on his quest for fortune. After a judge threw out his request to dig at the site last month, Howells is now considering buying the facility, which is due to be closed.
Amazon, Google, Microsoft, and Meta push AI spending to new heights, set to surpass $320 billion this year
The race for AI dominance - but, how much is too much?
SoftBank seems ready to invest (more) billions in OpenAI
The Japanese conglomerate could become OpenAI's largest investor
Apple CEO Tim Cook's total compensation rose 18% to $74.6 million last year
He's still not the world's highest-paid CEO, though
Federal watchdog aims to extend bank-like protections to in-game currencies
Gamers complain of unauthorized transactions, scams, hacking attempts, and account theft
Valve makes more money per employee than Amazon, Microsoft, and Netflix combined
A small but mighty team of 400
The big picture: Valve is one of the most important and influential companies in the PC gaming market. It's also one of the most unique due to its private nature and unusually small workforce relative to its impact and competitors. A recent analysis of data uncovered through an ongoing lawsuit against the company highlights how Valve starkly contrasts with the world's biggest tech giants.
Elon Musk's xAI raises $6 billion from Nvidia, AMD, and others
The biggest rival for OpenAI and Google?
Startup seeking to integrate quantum computing into real-world apps raises $10M
Let's see if they actually pull it off
Elon Musk's wealth skyrockets, becomes first person to surpass $400 billion
Musk is almost as wealthy as the world's second- and third-richest people combined
Bitcoin breaks $100,000 barrier for the first time ever
Bitcoin has never been more valuable
Nvidia challenger Tenstorrent completes $700 million funding round backed by Jeff Bezos, other high-profile investors
CEO Jim Keller is a strong advocate of open source
Nvidia's stellar Q3 proves that the age of AI is in full steam
Nvidia continues to ride the AI wave
Japan introduces $65 billion initiative to boost domestic chip production
Bolstering the local supply chain