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The GOP's Message for Tech Billionaires: Be Like Peter Thiel

wired.com Jake Lahut 2026-01-01 02:00:00

The unholy alliance between Silicon Valley and the Republican Party is no longer new. Between Elon Musk’s descent upon Washington, the number of Big Tech billionaires flying in to kiss President Donald Trump’s ring, and the expansion of the role of companies like Palantir in the US government, former president Joe Biden’s warning about the impending oligarchy has certainly borne out. All of this raises a question: Six months into Trump’s presidency, just how important are Silicon Valley billion

Topics: billionaires silicon sources trump valley

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OpenAI Is Quietly Trying to Get More Money as It Burns Through Resources at a Staggering Pace

futurism.com Unknown 2026-01-02 10:06:53

Despite raising over $60 billion in venture capital, OpenAI seems to be burning through cash faster than it can raise it. Mere months after wrapping up a $40 billion funding round, the AI company is now said to be reopening the books in search of more money, according to Wired. Investors both new and old are now being asked — again — to consider pouring funds into the company, two unnamed sources told Wired. That last round, which was said to be closed on March 31st, sent OpenAI's valuation to

Topics: ai billion company openai softbank

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Google’s AI Master Plan in One Number

gizmodo.com Luc Olinga 2026-01-02 10:30:18

Alphabet, the parent company of Google, delivered a standout quarterly report on Wednesday, with robust growth across Search, YouTube, and Cloud. But buried beneath the strong revenues was a number that tells a much bigger story about the future of technology: $85 billion. That is Google’s new budget for capital expenditures this year, a stunning $10 billion increase from its previous February’s forecast. This colossal sum is being poured into the physical foundations of artificial intelligence

Topics: ai billion company demand google

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YouTube sees a rise in ad revenue to reach nearly $10B

techcrunch.com Lauren Forristal 2026-01-02 16:02:57

YouTube continues to lead in the streaming market, with advertising revenue increasing by 13% year over year, according to Alphabet, Google’s parent company, in its second-quarter earnings report released on Wednesday. This growth brings YouTube’s total ad revenue to $9.8 billion, up from $8.7 billion in the same period last year. The company slightly exceeded analyst expectations, which had forecast YouTube’s Q2 ad revenue to be around $9.6 billion. For years, YouTube has been striving to cap

Topics: ad billion revenue year youtube

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Google's $85 billion capital spend spurred by cloud, AI demand

cnbc.com Jennifer Elias 2026-01-03 05:07:52

Sundar Pichai, CEO of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024. Google is going to spend $10 billion more this year than it previously expected due to the growing demand for cloud services, which has created a backlog, executives said Wednesday. As part of its second quarter earnings, the company increased its forecast for capital expenditures in 2025 to $85 billion due to "strong and growing demand for our Cloud produ

Topics: billion cloud demand said services

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IBM shares drop as software revenue misses

cnbc.com Jordan Novet 2026-01-03 10:19:14

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. IBM shares fell as much as 6% in extended trading on Wednesday after the tech conglomerate issued second-quarter results that topped Wall Street projections. Here's how the company did in comparison with LSEG consensus: Earnings per share: $2.80 adjusted vs. $2.64 expected $2.80 adjusted vs. $2.64 expected Revenue: $16.98 billion vs. $16.59 billion IBM's revenue increased nearly 8% year over

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YouTube sees a rise in ad revenue to reach nearly $10 billion

techcrunch.com Lauren Forristal 2026-01-03 10:02:57

YouTube continues to lead in the streaming market, with advertising revenue increasing by 13% year over year, according to Alphabet, Google’s parent company, in its second-quarter earnings report released on Wednesday. This growth brings YouTube’s total ad revenue to $9.8 billion, up from $8.7 billion in the same period last year. The company slightly exceeded analyst expectations, which had forecast YouTube’s Q2 ad revenue to be around $9.6 billion. For years, YouTube has been striving to cap

Topics: ad billion revenue year youtube

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Alphabet beats earnings expectations, raises spending forecast

cnbc.com Jennifer Elias 2026-01-03 20:58:14

Google CEO Sundar Pichai gestures to the crowd during Google's annual I/O developers conference in Mountain View, California on May 20, 2025. Alphabet reported second-quarter results on Wednesday that beat on revenue and earnings, but the company said it would raise its capital investments by $10 billion in 2025. Shares of the company were up slightly in after hours trading. Here's how the company did, compared with estimates from analysts polled by LSEG: Revenue: $96.43 billion vs. $94 bill

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Texas Instruments stock falls 13% as CEO warns of tariff concerns

cnbc.com Samantha Subin 2026-01-03 20:00:02

The Texas Instruments headquarters in Dallas, Texas, on Jan. 21, 2024. Texas Instruments shares plunged 13% after the automotive and industrial semiconductor supplier warned of ongoing tariff aftershocks. The company said it expects third-quarter earnings between $1.36 and $1.60 per share, a midpoint of $1.48 per share. That fell short of an LSEG estimate of $1.50. Texas Instruments anticipates revenue between $4.45 billion and $4.48 billion. The midpoint of $4.63 billion was slightly ahead o

Topics: billion company instruments said texas

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ServiceNow lifts guidance on AI growth

cnbc.com Samantha Subin 2026-01-03 20:29:02

Bill McDermott, Chairman, President & CEO ServiceNow, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. ServiceNow posted strong second-quarter results and lifted its guidance Wednesday. Shares climbed 7% following the report. Here's how the company performed compared to LSEG estimates: Earnings per share: $4.09 adjusted vs. $3.57 expected $4.09 adjusted vs. $3.57 expected Revenue: $3.22 billion vs. 3.12 billion expected Subsc

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IBM shares drop despite earnings beat

cnbc.com Jordan Novet 2026-01-03 20:49:59

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. IBM shares fell as much as 5% in extended trading on Wednesday after the tech conglomerate issued second-quarter results that topped Wall Street projections. Here's how the company did in comparison with LSEG consensus: Earnings per share: $2.80 adjusted vs. $2.64 expected $2.80 adjusted vs. $2.64 expected Revenue: $16.98 billion vs. $16.59 billion IBM's revenue increased nearly 8% year over

Topics: 16 billion ibm revenue streetaccount

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Someone Just Sold Their 2011 Bitcoin for a 17 Million Percent Profit

futurism.com Unknown 2026-01-03 18:18:36

A mysterious Bitcoin account has cashed out a cache of cryptocurrency they originally bought for $54,000 — but which, after HODLing for 14 long years, is now worth an astronomical $9.5 billion, for a staggering profit of over 17 million percent. Bitcoin whales, meaning accounts that hold on to substantial sums of crypto for long periods at a time, have been making moves as of late, Tom's Hardware reports, reaping enormous returns as crypto markets reach all-time highs. Just last week, a differ

Topics: 14 billion bitcoin crypto cryptocurrency

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Tesla’s earnings hit a new low, with largest revenue drop in years

theverge.com Andrew J. Hawkins 2026-01-03 20:20:40

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Tesla released its second quarter financial earnings today, offering the latest evidence of the damage Elon Musk’s political activities have done to his flagship company. Tesla said it earned $1.17 billion in net income on $22.5 billion in revenue. That’s above Wall Street expectations of $22.3 billion but represents a 12

Topics: billion company revenue tesla year

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Google’s CEO says ‘AI is positively impacting every part of the business’

theverge.com Jay Peters 2026-01-03 20:34:55

is a news editor covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Google is all-in on AI, and based on the company’s latest quarterly earnings, AI has been good for its bottom line. In a press release for Alphabet’s Q2 2025 earnings, CEO Sundar Pichai says that “AI is positively impacting every part of the business” and that features like AI Overviews and AI Mode are “performing well.” The company is also planning to increase its planned ca

Topics: ai alphabet billion earnings pichai

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Alphabet to report Q2 earnings after the bell

cnbc.com Jennifer Elias 2026-01-04 15:00:01

Alphabet is set to report its second-quarter earnings after the bell Wednesday. Here's what analysts polled by LSEG are expecting: Revenue: $93.94 billion $93.94 billion Earnings per share: $2.18 Wall Street is also watching these numbers in the report: YouTube advertising revenue : $9.56 billion, according to StreetAccount : $9.56 billion, according to StreetAccount Google Cloud revenue: $13.11 billion, according to StreetAccount $13.11 billion, according to StreetAccount Traffic acquisi

Topics: ai billion company google quarter

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Texas Instruments stock falls 12% as CEO warns of tariff concerns

cnbc.com Samantha Subin 2026-01-04 15:11:21

The Texas Instruments headquarters in Dallas, Texas, US, on Sunday, Jan. 21, 2024. Texas Instruments shares plunged 12% after the automotive and industrial semiconductor supplier warned of ongoing tariff aftershocks. The company said it expects third-quarter earnings between $1.36 and $1.60 per share, a midpoint of $1.48 per share. That fell short of an LSEG estimate of $1.50. Texas Instruments anticipates revenues between $4.45 billion and $4.48 billion. The midpoint of $4.63 billion was sli

Topics: billion company instruments said texas

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Texas Instruments' stock falls on weak forecast

cnbc.com Kif Leswing 2026-01-06 10:01:09

Texas Instruments reported second-quarter results on Tuesday that beat analyst expectations for revenue and earnings. but the stock fell in extended trading due to a third-quarter forecast that missed estimates. Here's how the chipmaker did versus LSEG consensus estimates: Earnings per share : $1.41, vs. $1.35 estimated : $1.41, vs. $1.35 estimated Revenue: $4.45 billion, vs. $4.36 billion estimated Texas Instruments said it expects current quarter earnings between $1.36 and $1.60 per share,

Topics: billion quarter revenue share texas

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OpenAI agreed to pay Oracle $30B a year for data center services

techcrunch.com Julie Bort 2026-01-06 15:36:31

OpenAI was the company that signed a $30 billion per year deal with Oracle for data center services, disclosed last month, The Wall Street Journal reported on Monday. Now, OpenAI CEO Sam Altman has confirmed the details of the contract (but not the dollar amount) in an X post on Tuesday and in a company blog post. To recap, on June 30, Oracle disclosed in an SEC filing that it had signed a cloud deal that would generate $30 billion a year in revenue. However, the company didn’t say who it was w

Topics: billion data openai oracle year

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OpenAI Seeks Additional Capital From Investors as Part of Its $40 Billion Round

wired.com Lauren Goode 2026-01-07 00:23:30

OpenAI is seeking capital from new and existing investors, two people familiar with the company’s plans tell WIRED. The fundraising effort is part of a $40 billion round announced in March. The round will reopen on Monday, July 28, according to one of the sources, who has direct knowledge of the fundraising effort. The $40 billion round announced earlier this year brought OpenAI’s valuation up to $300 billion, making it one of the most highly valued private startups in history. The round was le

Topics: billion company microsoft openai softbank

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The Hater's Guide to the AI Bubble

news.ycombinator.com View All 2026-01-08 03:57:18

Hey! Before we go any further — if you want to support my work, please sign up for the premium version of Where’s Your Ed At, it’s a $7-a-month (or $70-a-year) paid product where every week you get a premium newsletter, all while supporting my free work too. Also, subscribe to my podcast Better Offline , which is free. Go and subscribe then download every single episode. One last thing: This newsletter is nearly 14,500 words. It’s long. Perhaps consider making a pot of coffee before you start

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CoreWeave stock rises after company announces $1.5 billion bond sale

cnbc.com Samantha Subin 2026-01-09 10:36:48

Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, reacts during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. CoreWeave stock rose more than 1% after the renter of artificial intelligence data centers said it plans to sell $1.5 billion worth of bonds. The company said in a release that the notes, due in 2031, will use the capital for general purposes, such as paying off debt. In May, the company announced a $2 billion

Topics: billion company coreweave data debt

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Block's stock pops on addition to S&P 500

cnbc.com Mackenzie Sigalos 2026-01-09 10:04:05

The logo for the U.S. tech firm Block is displayed and reflected in numerous digital screens in London, England, on March 3, 2023. Block shares jumped 7% on Monday after S&P Global said the company will join the S&P 500, replacing Hess, which was acquired by Chevron's for $54 billion. The stock rose following the announcement late Friday as investors sought to get in ahead of index fund managers, who will need to buy shares to mimic the changes. Square's $48 billion market cap at Monday's clos

Topics: 500 billion block monday shares

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ChatGPT users send 2.5 billion prompts a day

techcrunch.com Amanda Silberling 2026-01-09 15:44:43

In Brief ChatGPT receives 2.5 billion prompts from global users every day, OpenAI told Axios. About 330 million of those are coming from users in the U.S. These numbers show just how ubiquitous OpenAI’s flagship product is becoming. Google’s parent company, Alphabet, does not release daily search data, but recently revealed that Google receives 5 trillion queries per year, which averages to just under 14 billion daily searches. Independent researchers have found similar trends. Neil Patel of

Topics: billion chatgpt daily day google

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Figma looks to raise nearly $1B as it kicks off its IPO roadshow

techcrunch.com Rebecca Szkutak 2026-01-09 21:47:17

In Brief Enterprise design startup Figma has entered the next step of its IPO journey. Figma announced Monday it is kicking off its IPO roadshow. The company plans to offer more than 36 million shares of class A stock that are expected to be priced between $25 and $28 a share. This offering includes a mix of primary and secondary shares and would allow the company to raise around $1 billion. The company is expected to price its IPO the week of July 28. If the company prices its shares in the

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Figma IPO could value design software maker at $16 billion

cnbc.com Jordan Novet 2026-01-10 05:25:54

Dylan Field, co-founder and CEO of Figma Inc., after the morning sessions at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 11, 2024. Design software company Figma on Monday published an updated prospectus for its initial public offering. The company said it expects to sell about 37 million shares at $25 to $28 each. That would generate as much as $1 billion in proceeds, between the company and selling shareholders. The IPO could value Figma, led by co-founder D

Topics: billion company field figma million

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Figma looks to raise nearly $1 billion as it kicks off its IPO roadshow

techcrunch.com Rebecca Szkutak 2026-01-10 15:47:17

In Brief Enterprise design startup Figma has entered the next step of its IPO journey. Figma announced Monday it is kicking off its IPO roadshow. The company plans to offer more than 36 million shares of class A stock that are expected to be priced between $25 and $28 a share. This offering includes a mix of primary and secondary shares and would allow the company to raise around $1 billion. The company is expected to price its IPO the week of July 28. If the company prices its shares in the

Topics: billion company figma ipo shares

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CoreWeave stock climbs after company announces $1.5 billion bond sale

cnbc.com Samantha Subin 2026-01-10 20:16:09

Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, reacts during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. CoreWeave stock rose more than 1% after the renter of artificial intelligence data centers said it plans to sell $1.5 billion worth of bonds. The company said in a release that the notes, due in 2031, will use the capital for general purposes, such as paying off debt. In May, the company announced a $2 billion

Topics: announced billion company coreweave debt

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Crypto theft is booming as criminals increasingly turn to physical attacks

cnbc.com Ryan Browne 2026-01-16 00:34:49

The value of cryptocurrencies stolen by criminals surged in the first six months of 2025 after a high-profile hack and a wave of physical attacks targeting crypto holders and their relatives. So far this year, $2.17 billion has been stolen from crypto services — already eclipsing the $1.87 billion of funds stolen from platforms in 2024 — and this is expected to reach $4 billion by the end of 2025, according to a report published Thursday by blockchain analysis firm Chainalysis. Overall, the co

Topics: billion chainalysis crypto funds stolen

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TSMC profit surges 61% to record high fueled by AI chip demand

cnbc.com Dylan Butts 2026-01-16 15:09:14

A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, hitting a record high and beating estimates, as demand for artificial intelligence chips stayed strong. The world's largest contract chip manufacturer fo

Topics: billion quarter revenue tsmc year

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TSMC forecasts 38% jump in third-quarter revenue after results beat on AI chip demand

cnbc.com Dylan Butts 2026-01-16 17:54:33

A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, beating estimates, as demand for artificial intelligence chips stays strong. The world's largest contract chip manufacturer expects third-quarter revenue

Topics: billion company revenue tsmc year

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Latest Tech News

The GOP's Message for Tech Billionaires: Be Like Peter Thiel

OpenAI Is Quietly Trying to Get More Money as It Burns Through Resources at a Staggering Pace

Google’s AI Master Plan in One Number

YouTube sees a rise in ad revenue to reach nearly $10B

Google's $85 billion capital spend spurred by cloud, AI demand

IBM shares drop as software revenue misses

YouTube sees a rise in ad revenue to reach nearly $10 billion

Alphabet beats earnings expectations, raises spending forecast

Texas Instruments stock falls 13% as CEO warns of tariff concerns

ServiceNow lifts guidance on AI growth

IBM shares drop despite earnings beat

Someone Just Sold Their 2011 Bitcoin for a 17 Million Percent Profit

Tesla’s earnings hit a new low, with largest revenue drop in years

Google’s CEO says ‘AI is positively impacting every part of the business’

Alphabet to report Q2 earnings after the bell

Texas Instruments stock falls 12% as CEO warns of tariff concerns

Texas Instruments' stock falls on weak forecast

OpenAI agreed to pay Oracle $30B a year for data center services

OpenAI Seeks Additional Capital From Investors as Part of Its $40 Billion Round

The Hater's Guide to the AI Bubble

CoreWeave stock rises after company announces $1.5 billion bond sale

Block's stock pops on addition to S&P 500

ChatGPT users send 2.5 billion prompts a day

Figma looks to raise nearly $1B as it kicks off its IPO roadshow

Figma IPO could value design software maker at $16 billion

Figma looks to raise nearly $1 billion as it kicks off its IPO roadshow

CoreWeave stock climbs after company announces $1.5 billion bond sale

Crypto theft is booming as criminals increasingly turn to physical attacks

TSMC profit surges 61% to record high fueled by AI chip demand

TSMC forecasts 38% jump in third-quarter revenue after results beat on AI chip demand

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