SoftBank in Talks to Buy Data Center Investor DigitalBridge
Shares in DigitalBridge surged more than 30% following the report on the talks with SoftBank, reversing losses they had suffered this year.
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Microsoft Shareholders Approve $96.5 Million Pay for Nadella, Appoint Walmart CFO to Board
Shareholders also voted to appoint Walmart CFO John David Rainey to the company’s board of directors.
EU Fines Elon Musk’s X $140 Million Over Blue Check, Data Issues
The EU cited several issues with X’s practices, including the “deceptive design” of X’s blue checkmark system.
The New York Times Sues Perplexity
The publication joins a growing list of media companies suing the search startup for stealing their content
Netflix to Buy WBD for $82.7 Billion
The deal faces likely regulatory opposition as it combines the leading streaming service with another major streaming service.
Netflix in Exclusive Talks with Warner Bros.
A deal that combines the world’s most popular streaming service with one of Hollywood's most prominent studios would represent a seismic shift in the industry.
Gap.com Chatbot Was Targeted For Abuse By ‘Bad Actor,’ AI Startup Sierra Says
Sierra, an AI startup co-founded by former Salesforce CEO Bret Taylor, has apologized to Gap after a chatbot using its technology engaged on off-color topics.
Apple’s General Counsel and Policy VP to Retire
The two exits adds to the broader wave of turnover hitting Apple
Amazon in Contract Dispute with United States Postal Service
USPS wants to award its mail services via a reverse auction, which Amazon objects to
Meta Plans Big Metaverse Budget Cuts
The report is a sign that Meta CEO Mark Zuckerberg has recognized that the company has to curb its spending in some areas as it ramps up spending on AI.
Salesforce Reports Agentforce Revenue Growth
Salesforce's AI-related revenue hit an annual revenue rate of $1.4 billion, compared with the company's projected $41.5 billion revenue for fiscal 2026.
Nvidia Says Its Server Boosts Performance of Top Open-Source AI Models
The announcement comes as Nvidia faces increased competition from Google and Amazon over AI chips.
Snowflake Beat Its Revenue Target But Shares Fall on New Forecast
Snowflake also said it will spend $200 million over several years to pay for AI models from Anthropic to power AI features.
OpenAI Buys Neptune Startup for Less Than $400 Million in Stock
The AI lab is using its highly-valued stock to fund acquisitions.
Morgan Stanley Explores Offloading Data Center Loan Risk
The bank is considering selling what’s known as a significant risk transfer product, a move that could free it up to do more data center lending.
Top Apple Designer Hired by Meta
Apple’s famed design team has been in constant flux since longtime chief designer Jony Ive left in 2019
Walmart Adds New Agent Guidelines to Its Website
Amazon and Shopify have also laid out rules for how agents can access their websites.
Marvell to Acquire Photonics Startup Celestial AI For Up to $5.5 Billion
The deal confirmed a report in The Information late Monday night that the two companies were in advanced talks.
Bending Spoons to Buy Eventbrite for $500 Million
The acquisition also follows a spate of other purchases by Bending Spoons, including AOL, Vimeo, Brightcove and Evernote.
Kalshi Raises $1 Billion Round Led by Paradigm
Kalshi’s valuation jumped to $11 billion from $5 billion in October.