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OpenAI closes a $40B funding round, the most ever raised by a private tech company, at a $300B post-money valuation; SoftBank led the round with $30B — OpenAI on Monday announced it had closed what amounts to the largest private tech funding round on record.| Shirin Ghaffary / Bloomberg: |
Source: SoftBank will invest an initial $7.5B in OpenAI's $40B round, plus $22.5B by 2025's end; other backers include Microsoft, Coatue, Altimeter, and Thrive — OpenAI, the artificial intelligence company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion … | Kyle Wiggers / TechCrunch: |
Sam Altman says OpenAI is planning to “release a powerful new open-weight language model with reasoning in the coming months” — OpenAI says that it intends to release its first “open” language model since GPT‑2 “in the coming months.” — That's according to a feedback form … | Kylie Robison / The Verge: |
| Ian King / Bloomberg: |
At the Intel Vision conference, CEO Lip-Bu Tan says Intel plans to spin off non-core assets, create new products including custom semiconductors, and more — Intel Corp. Chief Executive Officer Lip-Bu Tan said the chipmaker will spin off assets that aren't central to its mission and create … | Juli Clover / MacRumors: |
Apple releases iOS 18.4 with Priority notifications for Apple Intelligence, which gets support for eight more languages, Ambient Music via Control Center, more — Apple today released iOS 18.4 and iPadOS 18.4, the fourth major updates to the iOS 18 and iPadOS 18 operating system updates … | Chance Miller / 9to5Mac: |
| Sean Endicott / Windows Central: |
Microsoft expands Copilot+ PC features like Live Captions and Cocreator, previously exclusive to models with Snapdragon chips, to models with AMD or Intel chips — Staggered feature releases make me ask “what even is a Copilot+ PC?” — Microsoft has a big update for Copilot+ PCs powered by Intel or AMD processors.| Cheng Ting-Fang / Nikkei Asia: |
Sources: GlobalFoundries mulls merging with UMC, Taiwan's 2nd-largest chipmaker, to form a bigger, US-based company with production in Asia, the US, and Europe — TAIPEI — U.S. contract chipmaker GlobalFoundries and United Microelectronics Corp., Taiwan's No. 2 chipmaker … | Vicky Ge Huang / Wall Street Journal: |
Eric and Donald Trump Jr.'s American Data Centers plans to merge with Hut 8's American Bitcoin and take a 20% stake, aiming to create the world's largest miner — A business led by two of the president's sons will invest in American Bitcoin, a new mining company controlled by Hut 8| Maxwell Zeff / TechCrunch: |
Amazon's AGI Lab unveils Nova Act, a general purpose AI agent to control a web browser and independently perform some simple actions, and a Nova Act SDK — Amazon on Monday unveiled Nova Act, a general-purpose AI agent that can take control of a web browser and independently perform some simple actions.| Benoit Berthelot / Bloomberg: |
France's antitrust regulator fines Apple €150M after a lengthy investigation into how iOS asks to collect user data under ATT and the impact on advertisers — France's antitrust regulator fined Apple Inc. €150 million ($162 million) after a lengthy probe into how the technology company asks … | Michael J. de la Merced / New York Times: |
Isomorphic Labs, a DeepMind spinoff focusing on drug discovery, raised $600M led by Thrive to research treatments, including for cancer and immune disorders — The company, which uses artificial intelligence to develop new treatments, now counts the venture capital firm Thrive Capital as a backer.| Caroline O'Donovan / Washington Post: |
Alexa+ will start rolling out to users today; sources: some features demoed in February are slated to arrive in two months, while others will take longer — Alexa+, Amazon's AI-enhanced voice assistant, will launch to some customers Monday, though not every feature will be available right away| Aisha Malik / TechCrunch: |
Substack rolls out a TikTok-like video feed in its app, initially featuring short-form videos under 10 minutes — Substack continues to double down on video amid TikTok's uncertain future in the U.S. The company announced on Monday that it's rolling out a scrollable video feed in its app … | Kate Clark / Bloomberg: |
Sources: Sesame, which makes realistic AI voice assistants, is in talks to raise $200M+ co-led by Sequoia Capital and Spark Capital, valuing the company at $1B+ — Sesame AI is discussing a funding round of more than $200 million, co-led by Sequoia Capital and Spark Capital.| Bloomberg: |
Builder.ai dropped H2 2024 revenue estimates by ~25% after some sales channels “did not come through” and says a full audit report is expected by summer 2025 — The London-based company, which has raised more than $450 million, dropped its revenue estimates for the second half … | Arjun Kharpal / CNBC: |
Huawei reports FY 2024 revenue up 22.4% YoY to ~$118.2B, near its ~$123B record in 2020, net profit down 28% YoY to ~$8.63B, and R&D spend rising to ~$25B — Huawei on Monday reported a sharp jump in 2024 revenue as its core telecommunications and consumer businesses accelerated.| Matthew Griffin / Bloomberg: |
Coinbase's stock fell 31% in Q1 2025, its worst quarterly performance since FTX collapsed in 2022; nearly every major crypto-linked stock plunged alongside it — Coinbase fell 31% in the worst quarterly performance since FTX collapsed near the end of 2022.| Lucas Shaw / Bloomberg: |
How JioHotstar became India's most popular streamer, with 100M subscribers paying less than $1/month on average, via a freemium model, micro dramas, and more — More than 100 million people now subscribe to India's largest paid video service. — Good evening from Mumbai … | Belle Lin / Wall Street Journal: |
AMD completes its $4.9B purchase of data center equipment designer ZT Systems, announced in August 2024, taking on its roughly 1,000 design engineers — Chip giant CEO Lisa Su says AI is still in its ‘very early stages’ as the company revs up competition with Nvidia| Zack Abrams / The Block: |
PumpSwap, a new DEX launched by Pump.fun's creators, processed $2.43B in cumulative trading volume after just 10 days, shaking up the Solana DEX ecosystem — - PumpSwap, the DEX recently launched by memecoin platform Pump.fun, has processed $2.43 billion in cumulative trading volume after just 10 days …
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