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SoftBank’s PayPay pushes into insurance with a 70.2% T&D Life stake

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The SoftBank-backed payments app is taking a 70.2% stake in T&D Financial Life, its most capital-intensive move yet from payments into full financial services. PayPay is buying its way into life insurance. The SoftBank-backed payments company has agreed to acquire a 70.2% stake in T&D Financial Life Insurance from T&D Holdings for roughly ¥134.3bn, about […]

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Cerebras says it will work with everyone in AI hardware except NVIDIA

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The strategy is defined by a single exclusion. Speaking at the Bloomberg Tech conference on Wednesday, Cerebras chief executive Andrew Feldman said the AI chipmaker is working with every major hardware maker in the industry apart from one: NVIDIA. The line was not a complaint. It was the pitch. Feldman’s argument is that the buyers […]

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SpaceX wins Texas county approval for Terafab reinvestment zone

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A reinvestment zone is the unglamorous first step, the procedural gate that has to open before any of the larger numbers attached to a project can flow. On 3 June, the commissioners of Grimes County, Texas, opened it, voting 4-1 to designate a reinvestment zone for SpaceX’s proposed Terafab semiconductor plant. The vote is the […]

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Uber’s bet on Nuro is bigger than it let on, at close to $500m

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Uber said “multi-hundred-million” and meant something closer to half a billion. The ride-hailing company’s commitment to self-driving start-up Nuro is near $500m, according to sources directly aware of the matter, a figure that reframes a partnership Uber had described in vaguer terms and reveals a follow-on investment significantly larger than its first. The new detail […]

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Foxconn and Intel join SambaNova to build rackscale AI infrastructure

Artificial Intelligence, Business, Digital Marketing, SEO Tips, Technology /

The most consequential line in Intel’s Computex announcement was not about a chip. It was about a ratio. As AI workloads move from training to inference, the company argued, the long-standing arrangement of four GPUs to every CPU collapses towards something closer to one to one, and the processor Intel actually sells well moves back […]

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Anthropic picks Morgan Stanley and Goldman Sachs to lead its IPO, with a SpaceX computing deal worth $1.25 billion per month buried in the fine print

Artificial Intelligence, Business, Digital Marketing, Finance, Investors and funding, Next Featured, SEO Tips, Technology /

Anthropic has selected Morgan Stanley and Goldman Sachs to lead its initial public offering, with JPMorgan Chase also working on the deal, Bloomberg reported on Tuesday. The Claude developer is weighing going public as soon as October after filing confidentially for a listing on Monday. More banks could be added to the lineup, and details of […]

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Tata licenses a Chinese EV platform to rescue its stalled premium push

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India’s biggest electric carmaker will build its delayed Avinya models on a Chery platform, the latest Indian firm to borrow Chinese tech while avoiding a Chinese partner. Tata Motors has a premium electric-vehicle problem and a Chinese solution to it. India’s largest EV maker plans to license a vehicle platform from China’s Chery to get […]

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Lovable makes Google Cloud a primary partner to win over corporate buyers

Business, Digital Marketing, Google, Next Featured, SEO Tips, Technology /

The Swedish app-builder, processing a million new projects a week, is making Google Cloud a primary partner, with Gemini models and a security layer aimed at corporate buyers. The pitch behind Lovable has always been that anyone can build software by chatting with an AI. The harder pitch, the one that turns a viral tool […]

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