| Mark Gurman / Bloomberg: |
Sources: Apple plans to pay Google about $1B per year for a 1.2T-parameter Gemini model to help power the new Siri, which is on track for next spring — Apple Inc. is planning to pay about $1 billion a year for an ultrapowerful 1.2 trillion parameter artificial intelligence model developed … | Berber Jin / Wall Street Journal: |
OpenAI CFO Sarah Friar says an “IPO is not on the cards right now”, and that OpenAI hopes the US government might backstop the financing of data center deals — Sarah Friar says the AI giant could reach break-even quickly and would like government backstop on data-center investments| Sharon Goldman / Fortune: |
| OpenAI: |
| Annie Palmer / CNBC: |
Sens. Mark Warner and Josh Hawley introduce a bipartisan bill that would require companies and US agencies to submit quarterly reports on AI-related job impacts — A new bipartisan bill seeks to provide a “clear picture” of how artificial intelligence is affecting the American workforce.| Bloomberg: |
Snap announces a deal to distribute Perplexity's search engine to Snapchat users; Perplexity will pay Snap $400M through a combination of cash and equity — Snap Inc. shares surged more than 25% in extended trading after the company announced a $400 million partnership with Perplexity AI Inc … | Jonathan Vanian / CNBC: |
| Julian Chokkattu / Wired: |
Sandbar unveils the $249+ Stream Ring, an AI-powered smart ring for transcribing audio notes into text via an app, available to preorder, shipping summer 2026 — A new company called Sandbar has unveiled a smart wearable called Stream Ring, which uses a microphone to record your softly spoken thoughts.| Sarah Jacob / Bloomberg: |
Nexperia says it suspended wafer supplies to its China factory because the local unit refused to make payments and has ignored global management's instructions — Nexperia said it suspended supplies to its China factory because the local unit refused to make payments, laying bare … | Abner Li / 9to5Google: |
Google says Gemini Deep Research can now directly draw on information stored in users' Gmail, Drive, and Chat to create reports — After adding PDF support in May, Gemini Deep Research can now directly tap information stored in your Gmail and Google Chat conversations, as well as Google Drive files.| Jordan Novet / CNBC: |
Figma reports Q3 revenue up 38% YoY to $274.2M, above $265.2M est., an adjusted operating margin of 12%, above 6.5% est., and forecasts Q4 revenue above est. — Design software maker Figma on Wednesday reported stronger-than-expected third-quarter revenue and quarterly revenue guidance.| Karissa Bell / Engadget: |
Foursquare founder Dennis Crowley's new startup Hopscotch Labs releases BeeBot, which combines AI, audio, and location-based social features, on the App Store — BeeBot is an “app for AirPods” that combines AI, audio and location-based social features. — Foursquare founder Dennis Crowley … | Thomas Claburn / The Register: |
Sony unveils the Fair Human-Centric Image Benchmark dataset to test the fairness of computer vision models, saying it was compiled in a fair and ethical manner — Images in the test dataset were all sourced with consent — AI models are filled to the brim with bias … | Ari Levy / CNBC: |
Qualcomm reports Q4 revenue up 10% YoY to $11.27B, above $10.79B est., handsets revenue up 14% YoY to $6.96B, and forecasts Q1 revenue above estimates — Qualcomm reported fiscal fourth-quarter results on Wednesday that beat analyst estimates on the top and bottom lines.| Ben Thompson / Stratechery: |
The AI boom is driving coordinated innovation in the US as it builds fabs and energy infrastructure that could have lasting value even if the bubble bursts — It's funny to remember that a decade ago there were enough people convinced we were in a bubble that I felt compelled to write … | Isabelle Bousquette / Wall Street Journal: |
Quantinuum unveils Helios, a quantum computer with 98 physical qubits, from which it can deliver 48 logical error-corrected qubits, an impressive 2:1 ratio — Quantinuum unveils its latest system, Helios, inching the industry toward the day the technology will deliver meaningful commercial value| MacKenzie Sigalos / CNBC: |
Robinhood reports Q3 revenue up 100% YoY to $1.27B, vs. $1.19B est., transaction-based revenue up 129% to $730M, vs. $739M est., and net income up 271% to $556M — Robinhood beat Wall Street expectations for the third quarter on Wednesday, extending a hot streak that has made it one of the biggest large-cap U.S. tech stocks this year.| Jake Pearson / ProPublica: |
Sources and docs: after Marc Andreessen donated $5M+ to Trump's 2024 campaign, most CFPB probes have stalled, including three into Andreessen-backed companies — The Trump administration's gutting of the Consumer Financial Protection Bureau has been good for venture capitalists like Andreessen … | Bloomberg: |
Pony.ai's and WeRide's shares fell as much as 15% in their Hong Kong trading debuts; Pony.ai raised ~$863M in the secondary offering, and WeRide raised ~$309M — Pony AI Inc. and WeRide Inc. fell on their trading debuts in Hong Kong after the pair of Chinese robotaxi firms battled … | Kate O'Keeffe / Bloomberg: |
Sources, public records, and documents detail TuSimple's downfall, after it transferred autonomous driving IP to Chinese partners despite a 2022 CFIUS agreement — American officials thought they'd secured a deal with TuSimple to protect autonomous-driving technology. It didn't work.| Bloomberg: |
Sources: SoftBank explored a potential takeover of Marvell earlier this year to merge it with Arm, in what would have been the chip industry's largest-ever deal — SoftBank Group Corp. explored a potential takeover of US chipmaker Marvell Technology Inc. earlier this year … | Ben Bergman / Business Insider: |
Source: Google is in early talks to deepen its strategic investment in Anthropic that could value the AI company at more than $350B — - The talks come as Anthropic and its main rival, OpenAI, are in a multitrillion-dollar race to dominate AI. — Big Tech companies are taking sides … | Ian King / Bloomberg: |
Arm reports Q2 revenue up 34% YoY to $1.14B, royalty revenue up 21% YoY to $620M, above $586M est., and forecasts Q3 revenue above est.; ARM jumps 4%+ — Arm Holdings Plc, which provides the most widely used technology in computing processors, gave a bullish revenue forecast … | Russell Brandom / TechCrunch: |
Microsoft built a simulated marketplace to test hundreds of AI agents, finding that businesses could manipulate agents into buying their products and more — On Wednesday, researchers at Microsoft released a new simulation environment designed to test AI agents, along with new research showing … | Ashley Belanger / Ars Technica: |
License plate surveillance company Flock Safety faces bipartisan pressure from lawmakers and local organizers over its data handling and cybersecurity practices — Flock Safety—the surveillance company behind the country's largest network of automated license plate readers (ALPRs) … | Chris Eudaily / CNBC: |
DoorDash reports Q3 revenue up 27% YoY to $3.45B, above $3.36B est., and total orders up 21% YoY to 776M, above 770.13M est.; DASH drops 18%+ — DoorDash reported third-quarter earnings that missed analyst expectations and said it expects to spend “several hundred million dollars” on new initiatives and development in 2026.| Reuters: |
Bumble reports Q3 revenue down 10% YoY to $246.2M, total paying users down 16% YoY to 3.6M, and forecasts Q4 revenue below est.; BMBL falls 15%+ — Bumble (BMBL.O) forecast fourth-quarter revenue below analysts' expectations on Wednesday, underscoring the challenges facing the dating app operator …
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| Rick Porter / The Hollywood Reporter: |
| Ash Parrish / The Verge: |
| Abner Li / 9to5Google: |
| Nikou Asgari / Financial Times: |
| Isabella Simonetti / Wall Street Journal: |