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Ocean-Powered Data Center Startup Set to Double Valuation to $2 Billion

AI data centers need boatloads of power, a need that’s set off a flood of investment into startups harnessing nuclear or solar energy to run the servers. Now one startup is raising money to power AI from a different source: the ocean. Panthalassa, a 10-year old startup making technology that aims to generate electricity from the movement of waves and use it to run graphics processing units, is raising $225 million at a nearly $2 billion valuation after the investment, according to two people...

Pinterest Hires New Content Executive Amid C-Suite Shakeup

The company has reaccelerated revenue growth this year after a dip in the fourth quarter

Exclusive: Stripe in Exclusive Talks to Buy Startup OpenRouter for Around $10 Billion

OpenRouter has been fielding takeover interests from other big tech companies.

SoftBank Borrows Against OpenAI Stake as It Invests More

The loan is the latest sign of the financial high-wire that the Japanese investment giant is walking with its OpenAI foray.

WBD Reports Drop in Revenue, Profits As Ownership in Limbo

The weak results spotlight a challenge facing WBD management, which has spent much of the past year negotiating a sale of part or all of the company.

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DeepSeek Resumes Funding Talks, Plans to Hike Model Prices

The Chinese AI developer is looking to raise $7.4 billion at a $74 billion valuation.

Salesforce Engineering Chief Steps Down in Leadership Shuffle

Srini Tallapragada, Salesforce's chief engineering officer since 2019, is stepping down to serve as an advisor, as part of several new leadership changes.

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Meta Debuts New AI Coding Tools

Muse Code and Muse Spark 1.2 mark Meta's latest push to narrow the gap with Anthropic and OpenAI.

Jeff Dean Leaves Google as Demis Hassabis Steps Aside as Google DeepMind CEO

The changes will likely strike a blow to morale at Google DeepMind, which has already seen a string of departures, and could complicate its efforts to catch up in the AI race.

Shopify Stock Soars on Strong Revenue Growth

Shopify president Harley Finkelstein said AI search was "particularly helpful to some of the smaller brands," which make up most of Shopify's merchant base.

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Uber Plans to Invest $10 Billion Over Time in Autonomous Vehicle Fleet Expansion

Uber has partnered with a very wide range of autonomous vehicle developers, making their cars available on its platform, as it endeavors to keep ahead of the technological transition.
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