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OpenAI says it has started testing ads in ChatGPT in the US for logged-in adult users on the Free and Go tiers and that the ads do not change ChatGPT answers — Ads that support free access and don't change ChatGPT answers. — Today, we're beginning to test ads in ChatGPT in the U.S … | Bloomberg: |
Alphabet raised $20B in its biggest ever US dollar bond sale, more than the $15B initially expected, after drawing more than $100B of orders — Alphabet Inc. is borrowing far and wide to finance the unprecedented spending plan behind its artificial intelligence ambitions, and investors can't seem to get enough.| Harvard Business Review: |
An eight-month study at a US tech company finds AI tools didn't reduce work but intensified it, as employees worked faster and took on a broader range of tasks — Right now, many companies are worried about how to get more employees to use AI. After all, the promise of AI reducing the burden of some work … | Kyle Baird / The Block: |
Farcaster co-founders Dan Romero and Varun Srinivasan, along with the team at Merkle, join stablecoin startup Tempo after Merkle's sale of Farcaster to Neynar — Quick Take — Romero and Srinivasan's move follows Farcaster's sale to Neynar and the founders' exit from day-to-day leadership of the protocol.| Stevie Bonifield / The Verge: |
Discord says it will roll out age verification globally from March to access some content; all accounts will have a “teen-appropriate experience by default” — Beginning in March, all accounts will have a “teen-appropriate experience by default.”| Lucinda Shen / Axios: |
Sources: Stripe is in talks to launch a tender offer that could value the company at $140B+, up from $107B last fall, when it bought back shares from investors — Stripe is in talks to launch a tender offer that could value the payments company at more than $140 billion, Axios Pro has learned from multiple sources.| CNBC: |
Slack message: Sam Altman tells staff that ChatGPT is “back to exceeding 10% monthly growth”, and OpenAI plans to release “an updated Chat model” this week — As OpenAI faces intensifying pressure from rival Anthropic's improved coding tools, CEO Sam Altman … | Morgan Lee / Associated Press: |
In opening statements in New Mexico's suit against Meta, state prosecutors argue Meta misrepresented the safety of its platforms, as Meta's attorney pushes back — Meta has failed to disclose what it knows about the harmful effect of its platforms on children in violation … | Jordan Novet / CNBC: |
Databricks raised $5B in equity financing and $2B in debt at a $134B valuation and says its annualized revenue crossed $5.4B for the January quarter, up 65% YoY — Databricks said Monday it has raised $5 billion in funding and $2 billion in new debt capacity at a $134 billion valuation.| Josh Eidelson / Bloomberg: |
The US NLRB abandons its 2024 case accusing SpaceX of illegally firing eight engineers and signals it will steer clear of future cases against the company — Agency drops yearslong case over firing of Musk critics. — The US labor board is abandoning a yearslong legal battle … | Maxwell Zeff / Wired: |
A court filing in the iyO-OpenAI trademark case reveals OpenAI won't use the name “io” for its AI device, which isn't expected to ship before February 2027 — A court filing in a trademark lawsuit reveals OpenAI won't use the name “io” for its AI hardware device, which isn't expected to ship until 2027.| Ashley Capoot / CNBC: |
Workday announces CEO Carl Eschenbach is stepping down and co-founder Aneel Bhusri is returning as CEO, effective immediately; WDAY closes down 5.13% — Workday on Monday announced that CEO Carl Eschenbach is stepping down from his role and will be replaced by the company's co-founder, Aneel Bhusri, effective immediately.| Chris Metinko / Axios: |
Oxide Computer, which lets companies build their own cloud, raised $200M led by USIT, taking its total funding to nearly $390M since its 2019 founding — Oxide Computer Company, which lets companies build their own cloud, has raised a fresh $200 million round led by USIT … | Samantha Subin / CNBC: |
Lyft launches teen accounts in the US more than two years after Uber, with safety features such as PIN verification, real-time tracking, and audio recordings — Lyft on Monday officially launched teen accounts nationwide in a bid to match competitor Uber. — CEO David Risher addressed … | Politico: |
Sources: the White House is drafting a voluntary pact seeking commitments from tech companies to ensure data centers don't raise electricity prices and more — The initiative, which the administration wants to roll out with a splashy White House event, has yet to be formally announced … | Ryan Lawler / Axios: |
Sources: crypto exchange Backpack, built by ex-FTX and Alameda leaders, is in talks to raise $50M at a $1B pre-money valuation, reports $100M+ in annual revenue — Backpack Exchange, a centralized crypto trading firm built by former FTX and Alameda leaders, is negotiating terms for new financing … | Valida Pau / The Information: |
Beast Industries, the entertainment conglomerate founded by MrBeast and last valued at $5.2B, acquires Step Mobile, a teen-focused banking app — Beast Industries, the entertainment conglomerate founded by Jimmy “MrBeast” Donaldson, has agreed to buy Step Mobile, a teen-focused banking app, the companies plan to announce Monday.| Sam Schechner / Wall Street Journal: |
As OpenAI prepares to retire GPT-4o on February 13, sources say it was scrapped partly because OpenAI struggled to contain 4o's potential for harmful outcomes — ChatGPT's 4o model was beloved by many users, but controversial for its sycophancy and real-world harms linked to some conversations| Tim De Chant / TechCrunch: |
London-based Tem, which uses AI to optimize energy transactions for businesses, raised a $75M Series B led by Lightspeed, a source says at a $300M+ valuation — As AI data centers drive up electricity prices, London-based startup Tem thinks AI might be able to help solve it, too.| Aime Williams / Financial Times: |
Sources: the Trump administration plans to spare US hyperscalers from upcoming tariffs on chips; exemptions would be based on TSMC's US investment commitments — Exemptions would be based on chipmaker TSMC's US investment commitments, officials say — Donald Trump's administration intends … | Katherine Hamilton / Wall Street Journal: |
Onsemi reports Q4 revenue down 11% YoY to $1.53B, vs. $1.54B est., as its two biggest business units continue to post sales declines; ON drops 4%+ after hours — The semiconductor company posted a profit of $181.8 million — On Semiconductor's revenue fell in the fourth quarter … | Bloomberg: |
Uber agrees to acquire Getir's delivery operations from Mubadala for $335M in cash and says it will take a 15% stake in the remaining portfolio for $100M — Uber Technologies Inc. has agreed to buy Turkish company Getir's delivery operations from its controlling shareholder Mubadala Investment Co … | Juro Osawa / The Information: |
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