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Corporate filings show the closures, Reuters reported in an exclusive. The revenue figure is the one that explains the rest. China accounted for 1.5% of global revenue as of 2024. Microsoft has no current plan to exit. It has simply stopped growing there. Put 1.5% against the scale of the company and it almost disappears. […]
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The firm calls the deal Project Mercury, Bloomberg reported, citing people familiar with it. It gathers assets from two Lightspeed funds, Select V and Opportunity II, plus a separately managed account. OpenAI is the anchor. Coller Capital is the lead buyer. UBS is advising. Lightspeed did not reply to Bloomberg’s messages and Coller declined to […]
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Lightspeed is selling its OpenAI stake to a fund it will also run Read More »
Pony.ai and Uber have expanded their partnership to put more than 2,000 robotaxis on European roads, a deal that hands one of China’s autonomous-driving champions a route onto the continent’s streets through an American app and a scattering of local fleet owners. The arrangement is divided as Pony.ai supplies the Level 4 self-driving technology and […]
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Pony.ai and Uber to put more than 2,000 Chinese robotaxis on European streets Read More »
Goldman Sachs has secured the role every Wall Street firm wanted, and it is now working the phones. The bank is in talks with investors about Nvidia’s $500bn AI-compute financing deal, having landed a prized mandate that effectively casts it as the lead, and for now near-sole, lender behind one of the largest infrastructure-funding efforts […]
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Goldman Sachs is courting investors on Nvidia’s $500bn AI-compute financing deal Read More »
Silver Lake is in talks to take Workday, the cloud-based HR and finance software company, private in a deal that would value it at roughly $43bn, according to a Reuters report. If it comes off, it would rank among the largest software buyouts ever struck, and a rare vote of confidence in a corner of […]
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Silver Lake is reportedly in talks to take Workday private at $43bn Read More »
Apple has trained its own large language model for the Chinese market with Alibaba’s support, a striking break from the company’s usual habit of leaning on other people’s models. According to a Reuters report, Apple is the first foreign firm Beijing has approved to offer a proprietary AI model in mainland China, a rare concession […]
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Apple trained its own AI model for China, and handed the brain to Alibaba Read More »
Writer, the enterprise AI company, has launched Palmyra X6, its new flagship model, alongside an upgraded “harness” built to do something the industry has been curiously reluctant to promise: spend fewer tokens. The model is a post-training variation on Z.ai’s open-source GLM-5.2, and it is available to Writer’s clients from today. The pitch arrives at […]
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Writer bets on cheaper AI agents with Palmyra X6 and a leaner harness Read More »
The Safety Reckoning Inside OpenAI Read More »
Mark Zuckerberg’s AI Manifesto Is 6,500-Words—and Barely Says Anything Read More »
Databricks has closed a $5bn round at a $190bn valuation, led by Coatue, with revenue run-rate past $7bn and growth above 80% year on year. That is a 42% valuation increase in six months, and it comes after chief executive Ali Ghodsi called 2026 a bad year to go public. Databricks has closed $5bn at […]
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Databricks Closes $5 Billion Round at $190 Billion Valuation Read More »