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Nebius shares soar 40% on Microsoft AI deal

cnbc.com Ryan Browne 2025-10-04 13:54:09

Nebius, which was spun out from Russian internet giant Yandex, provides graphics processing units or GPUs for training artificial intelligence models. Artificial intelligence infrastructure firm Nebius Group soared in U.S. premarket trading on Tuesday, following the company's announcement of a multi-billion-dollar deal with Microsoft . Nebius' stock soared 40% Tuesday. The Amsterdam-based firm announced it had struck a multi-year deal with Microsoft worth $19.4 billion to provide cloud comput

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Nebius shares soar 55% in premarket on Microsoft AI deal

cnbc.com Ryan Browne 2025-10-04 17:23:55

Nebius, which was spun out from Russian internet giant Yandex, provides graphics processing units or GPUs for training artificial intelligence models. Artificial intelligence infrastructure firm Nebius Group soared in U.S. premarket trading on Tuesday, following the company's announcement of a multi-billion-dollar deal with Microsoft . Nebius' stock was up 55% at around 1:20 p.m. ET. The Amsterdam-based firm announced it had struck a multi-year deal with Microsoft worth $19.4 billion to provi

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Nebius shares soar 51% in premarket on Microsoft AI deal

cnbc.com Ryan Browne 2025-10-05 02:18:06

Nebius, which was spun out from Russian internet giant Yandex, provides graphics processing units or GPUs for training artificial intelligence models. Artificial intelligence infrastructure firm Nebius Group soared in U.S. premarket trading on Tuesday, following the company's announcement of a multi-billion-dollar deal with Microsoft . Nebius' stock was up 51% at 10:39 a.m. London time (05:39 a.m. E.T.) The Amsterdam-based firm announced it had struck a multi-year deal with Microsoft worth $1

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AI firm Mistral valued at $14 billion as chip giant ASML takes major stake

cnbc.com Ruxandra Iordache 2025-10-05 02:46:11

Nvidia -backed Mistral AI clinched a 11.7 billion-euro ($13.8 billion) valuation in a in a Series C funding round that saw Dutch chip equipment maker ASML secure a major stake in the French firm. ASML pumped 1.3 billion euros in Mistral AI's 1.7 billion-euro funding round as lead investor, gaining a 11% shareholding in the French company on a fully diluted basis. Other participants in the round included existing investors Nvidia, DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, In

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ReOrbit lands record funding to take on Musk’s Starlink from Europe

techcrunch.com Anna Heim 2025-10-05 00:00:00

ReOrbit, a Finnish startup focused on helping nations control their own sovereign satellites, has raised a record €45 million (about US $53 million) Series A round of funding for a European space tech company. The funding round signals that Europe’s new space market is heating up, fueled by a geopolitical environment in which countries increasingly worry about relying on foreign technology for critical infrastructure. Founded in 2019 and based in Helsinki, ReOrbit provides both the hardware and

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Snap breaks into ‘startup squads’ as ad revenue stalls

techcrunch.com Connie Loizos 2025-10-05 02:41:29

In Brief Snap is breaking itself apart and rebuilding from within. In a new annual company letter, CEO Evan Spiegel just announced the company is restructuring around small “startup squads” of 10 to 15 people to better compete against larger competitors. The move comes as the 5,000-person company faces mounting pressure. Advertising revenue growth flatlined at 4% in the second quarter, and North American daily active users declined 2% to 98 million, a troubling sign in Snap’s most important ma

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Netskope follows Rubrik as a rare cybersecurity IPO, both backed by Lightspeed

techcrunch.com Marina Temkin 2025-10-05 09:35:58

Cybersecurity is a massive sector, but startups in the category are more likely to be acquired than go public. Even Wiz, which for a time held the title of the fastest-growing startup, abandoned its IPO ambitions when it agreed to sell to Google earlier this year. In the past few years, there have been scant few significant cybersecurity debuts such as SentinelOne in 2021, and Rubrik last year. Next week, the sector is expected to add one more public company: the cloud cybersecurity platform N

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EchoStar to sell spectrum to SpaceX after FCC threatened to revoke licenses

arstechnica.com Unknown 2025-10-06 01:31:26

SpaceX's complaints to the Federal Communications Commission have helped the satellite company land a $17 billion deal to buy spectrum licenses from EchoStar. The deal consists of up to $8.5 billion in cash and up to $8.5 billion in SpaceX stock, EchoStar said. SpaceX also agreed to pay $2 billion worth of interest payments on EchoStar debt through November 2027. After SpaceX alleged that EchoStar subsidiary Dish Network "barely uses" its spectrum and urged the FCC to make the spectrum availab

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Cognition AI defies turbulence with a $400M raise at $10.2B valuation

techcrunch.com Rebecca Bellan 2025-10-06 01:49:04

In Brief Cognition AI, the startup behind AI coding agent Devin, has hit a $10.2 billion valuation after raising $400 million, marking a jump from the company’s $4 billion valuation earlier this year, reports Bloomberg. Founders Fund, the Peter Thiel-backed VC, led Cognition’s latest round, with participation from existing investors like Lux Capital, Joe Lonsdale’s 8VC, Elad Gil, Definition Capital and Swish Ventures. In July, Cognition acquired AI coding startup Windsurf, just days after Goo

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Y Combinator-backed Motion raises fresh $38M to build the Microsoft Office of AI agents

techcrunch.com Julie Bort 2025-10-06 13:00:00

By the time Harry Qi was 23 years old, he had achieved the kind of financial success that most people will never attain: making about $1 million a year. He was working as “a quant” in his first job out of college. That’s hedge-fund speak for a stock-trading analyst at a statistical-model driven “quant” fund. But, like many people who spend their energies pursuing ever more money, he felt empty. “At some point you just want to make a much bigger impact on this world,” Qi, now 29, tells TechCrun

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YouTube’s first exclusive NFL broadcast attracts over 17M viewers

techcrunch.com Lauren Forristal 2025-10-06 13:24:23

YouTube announced on Monday that its first-ever exclusive global broadcast of an NFL game broke a record for the company, achieving the most concurrent viewers of a live stream on the platform. Over 17.3 million viewers from more than 230 countries and territories worldwide tuned in for the game between the Kansas City Chiefs and the Los Angeles Chargers in São Paulo. This figure represents the average minute audience (AMA) that watched the game last Friday. In the U.S., there were 16.2 million

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Databricks confirms new $100B valuation on $4B ARR

techcrunch.com Julie Bort 2025-10-06 13:33:26

In Brief Just nine months after raising a whopping $10 billion (plus $5 billion in debt) in January, Databricks has confirmed another $1 billion raise at a $100 billion valuation. When rumors of the raise first broke last month, Databricks CEO Ali Ghodsi told TechCrunch that the company is using the funds to invest in its Supabase-competitor database for AI agents. “A year ago, we saw in the data that 30% of the databases were not created by humans,” said Ghodsi. “For the first time, they wer

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‘The Conjuring: Last Rites’ Summons a Franchise-Best Box Office

gizmodo.com Justin Carter 2025-10-07 05:15:13

After a longer-than-expected wait, the fictionalized versions of Ed and Lorraine Warren have financially gone out with a bang. Per the Hollywood Reporter, this weekend’s The Conjuring: Last Rites has made $187 million worldwide. Of that, $83 million came domestically, becoming the best launch for a Conjuring movie, the third-biggest open for a horror movie overall, and well past initial projections from Warner Bros. and box office analysts. Internationally, its $104 million take also defied exp

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Musk’s $1T pay package is full of watered-down versions of his own broken promises

techcrunch.com Sean O'Kane 2025-10-07 00:02:36

Tesla has proposed a massive new $1 trillion compensation package for its CEO Elon Musk, and many of the benchmarks he needs to hit are simply watered-down versions of promises he’s spent years making about the company. That’s not the picture Tesla’s board of directors paints in the company’s annual proxy statement, where they revealed the proposed pay package. Instead, the board focuses on how it plans to create “the most valuable company in history.” To be sure, if Tesla accomplishes all tha

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Tesla Proposes a Trillion-Dollar Bet That It's More Than Just Cars

wired.com Aarian Marshall 2025-10-07 09:26:44

For a while now, Tesla CEO Elon Musk has seemed awfully distracted. His past few years in non-Tesla activities include: buying and renaming Twitter; going all in on President Donald Trump’s election campaign and then an obscure Wisconsin Supreme Court race; a lot of babymaking, plus attendant drama; and months spent standing up the so-called Department of Government Efficiency. Meanwhile, Tesla sales have slid as the electric-car maker faces fierce competition from Chinese manufacturers and rej

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Anthropic Agrees to $1.5 Billion Settlement for Downloading Pirated Books to Train AI

gizmodo.com Matt Novak 2025-10-07 13:10:00

Anthropic has agreed to pay $1.5 billion to settle a lawsuit brought by authors and publishers over its use of millions of copyrighted books to train the models for its AI chatbot Claude, according to a legal filing posted online. A federal judge found in June that Anthropic’s use of 7 million pirated books was protected under fair use but that holding the digital works in a “central library” violated copyright law. The judge ruled that executives at the company knew they were downloading pirat

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Broadcom stock jumps 9% on new $10 billion customer that analysts say is OpenAI

cnbc.com Ari Levy 2025-10-07 17:03:41

Analysts at Mizuho, Cantor Fitzgerald and KeyBanc all said they think AI startup OpenAI is the customer. The Financial Times reported on Thursday, citing people familiar with the partnership, that the two companies co-designed a chip that will hit the market next year. "One of these prospects released production orders to Broadcom, and we have accordingly characterized them as a qualified customer for XPUs," Tan said. He added that the order increased Broadcom's forecast for AI revenue next yea

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Anthropic agrees to pay $1.5 billion to settle authors' copyright lawsuit

cnbc.com Ashley Capoot 2025-10-07 17:01:05

Anthropic has agreed to pay at least $1.5 billion to settle a class action lawsuit with a group of authors, who claimed the artificial intelligence startup had illegally accessed their books. The company will pay roughly $3,000 per book plus interest, and agreed to destroy the datasets containing the allegedly pirated material, according to a filing on Friday. The lawsuit against Anthropic has been closely watched by AI startups and media companies that have been trying to determine what copyr

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Trump threatens trade probe after 'discriminatory' EU fines against Google, Apple

cnbc.com Kevin Breuninger 2025-10-07 21:58:23

US President Donald Trump during a dinner with tech leaders in the State Dining Room of the White House in Washington, DC, US, on Thursday, Sept. 4, 2025. President Donald Trump on Friday threatened to launch a trade investigation to "nullify" what he said were discriminatory fines being levied by Europe against U.S. tech firms such as Google and Apple . "We cannot let this happen to brilliant and unprecedented American Ingenuity and, if it does, I will be forced to start a Section 301 proceed

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EU Fines Google $3.45B for Giving Its Ad Tech Preferential Treatment

cnet.com See Full Bio 2025-10-07 19:53:00

Google faces a $3.45 billion fine from the European Union for engaging in anticompetitive advertising technology practices, the European Commission said Friday. The fine stems from a complaint by the European Publishers Council alleging Google gave preference to its own online ad display services, hurting competitors and online publishers. The European Commission wants Google to stop these self-preferential practices and to cease its conflicts of interest. The Commission says it'll give Google,

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Ignoring Trump threats, Europe hits Google with 2.95B euro fine for adtech monopoly

arstechnica.com Unknown 2025-10-07 21:17:30

Google may have escaped the most serious consequences in its most recent antitrust fight with the US Department of Justice (DOJ), but the European Union is still gunning for the search giant. After a brief delay, the European Commission has announced a substantial 2.95 billion euro ($3.45 billion) fine relating to Google's anti-competitive advertising practices. This is not Google's first big fine in the EU, and it probably won't be the last, but it's the first time European leaders could face b

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EU fines Google $3.5 billion over adtech antitrust violations

engadget.com Unknown 2025-10-08 01:37:01

The European Commission has announced that it will fine Google €2.95 billion, or around $3.5 billion, for violating European Union antitrust laws and "distorting competition in the advertising technology industry." The decision follows a similar ruling from earlier in 2025, where a US federal judge concluded that Google maintains a monopoly in online advertising technology. Google displays ads in search results, but it also has a dominant position as a software provider for online advertisers a

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Broadcom stock jumps 11% on new $10 billion customer that analysts say is OpenAI

cnbc.com Ari Levy 2025-10-08 05:01:50

Analysts at Mizuho, Cantor Fitzgerald and KeyBanc all said they think AI startup OpenAI is the customer. The Financial Times reported on Thursday, citing people familiar with the partnership, that the two companies co-designed a chip that will hit the market next year. "One of these prospects released production orders to Broadcom, and we have accordingly characterized them as a qualified customer for XPUs," Tan said. He added that the order increased Broadcom's forecast for AI revenue next yea

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Tesla Announces Plans to Give Elon Musk $1 Trillion

futurism.com Unknown 2025-10-08 08:40:07

Tesla's board has proposed an unprecedented pay package for its CEO Elon Musk: around $1 trillion worth of shares, Bloomberg reports. It's a major escalation in the firm's increasingly desperate attempts to encourage its highly divisive leader to stick around and stay attentive. That's despite Tesla's core business imploding over the past year, largely the result of Musk's alienating behavior and surging international competition. "Simply put, retaining and incentivizing Elon is fundamental to

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EU fines Google $3.5 billion for anti-competitive ad practices

bleepingcomputer.com Unknown 2025-10-08 09:36:03

The European Commission has fined Google €2.95 billion ($3.5 billion) for abusing its dominance in the digital advertising technology market and favoring its adtech services over those of its competitors. Google was also ordered by the EU's top antitrust regulator to stop anti-competitive and "self-preferencing" practices and take measures to mitigate future conflicts of interest in the adtech market. Lee-Anne Mulholland, Google's Global Head of Regulatory Affairs, told BleepingComputer that t

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Google fined $3.5 billion by EU for ad tech abuse

theverge.com Emma Roth 2025-10-08 09:51:29

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. The European Commission has waged a €2.95 billion (~$3.5 billion) fine against Google for “abusing its dominant position” in advertising technology. In its announcement, the Commission claims that Google’s alleged anticompetitive practices have increased costs f

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Venice’s Iconic Winged Lion Statue Has a Mysterious Origin Story

gizmodo.com Margherita Bassi 2025-10-08 17:20:12

One of the most iconic symbols of Venice is the winged lion sculpture that perches atop a column in the Piazza San Marco, or St. Mark’s Square. It’s even depicted on the flag of the Republic of Venice. But while it is known as the Lion of Venice, the statue’s origin story appears to be far murkier than once believed. In a new paper published Thursday in the journal Antiquity, researchers lay out evidence that the bronze statue was made using copper ore from the Lower Yangzi River basin in China

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Broadcom stock jumps 15% on new $10 billion customer that analysts say is OpenAI

cnbc.com Ari Levy 2025-10-08 21:33:12

Broadcom shares soared 15% on Friday after the chipmaker said on its earnings call that it had secured a new $10 billion customer. Analysts quickly pointed to OpenAI. Following a better-than-expected earnings report late Thursday, Broadcom CEO Hock Tan told analysts that a fourth large customer had put in orders for $10 billion in custom artificial intelligence chips, which the company calls XPUs. "One of these prospects released production orders to Broadcom, and we have accordingly character

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Tesla Offers ONE TRILLION DOLLAR Pay Package to Elon Musk (If He Can Stay Focused)

gizmodo.com Bruce Gil 2025-10-08 21:45:40

Tesla’s board is asking shareholders to sign off on a massive, unprecedented pay package that could turn its CEO, Elon Musk, who is already the world’s richest man, into the first trillionaire. If the plan is approved, Musk would need to reach several performance benchmarks over the next 10 years to get the full payout. The board said in a securities filing on Friday that the pay package’s primary goal is to retain “Mr. Musk to lead Tesla through its next phase of transformational growth.” In

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Tesla proposes new pay package for Elon Musk worth up to $1T

techcrunch.com Sean O'Kane 2025-10-09 10:11:09

Tesla has proposed a new 10-year compensation plan for CEO Elon Musk that could be worth as much as $1 trillion even as the EV maker’s car business stumbles and it sets its sights on humanoid robotics and AI. The company has tied the compensation to a number of benchmarks, one of which involves increasing Tesla’s overall valuation from around $1 trillion to more than $8 trillion. The plan would grant Musk more than 423 million additional shares in the company, boosting his level of control to a

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Latest Tech News

Nebius shares soar 40% on Microsoft AI deal

Nebius shares soar 55% in premarket on Microsoft AI deal

Nebius shares soar 51% in premarket on Microsoft AI deal

AI firm Mistral valued at $14 billion as chip giant ASML takes major stake

ReOrbit lands record funding to take on Musk’s Starlink from Europe

Snap breaks into ‘startup squads’ as ad revenue stalls

Netskope follows Rubrik as a rare cybersecurity IPO, both backed by Lightspeed

EchoStar to sell spectrum to SpaceX after FCC threatened to revoke licenses

Cognition AI defies turbulence with a $400M raise at $10.2B valuation

Y Combinator-backed Motion raises fresh $38M to build the Microsoft Office of AI agents

YouTube’s first exclusive NFL broadcast attracts over 17M viewers

Databricks confirms new $100B valuation on $4B ARR

‘The Conjuring: Last Rites’ Summons a Franchise-Best Box Office

Musk’s $1T pay package is full of watered-down versions of his own broken promises

Tesla Proposes a Trillion-Dollar Bet That It's More Than Just Cars

Anthropic Agrees to $1.5 Billion Settlement for Downloading Pirated Books to Train AI

Broadcom stock jumps 9% on new $10 billion customer that analysts say is OpenAI

Anthropic agrees to pay $1.5 billion to settle authors' copyright lawsuit

Trump threatens trade probe after 'discriminatory' EU fines against Google, Apple

EU Fines Google $3.45B for Giving Its Ad Tech Preferential Treatment

Ignoring Trump threats, Europe hits Google with 2.95B euro fine for adtech monopoly

EU fines Google $3.5 billion over adtech antitrust violations

Broadcom stock jumps 11% on new $10 billion customer that analysts say is OpenAI

Tesla Announces Plans to Give Elon Musk $1 Trillion

EU fines Google $3.5 billion for anti-competitive ad practices

Google fined $3.5 billion by EU for ad tech abuse

Venice’s Iconic Winged Lion Statue Has a Mysterious Origin Story

Broadcom stock jumps 15% on new $10 billion customer that analysts say is OpenAI

Tesla Offers ONE TRILLION DOLLAR Pay Package to Elon Musk (If He Can Stay Focused)

Tesla proposes new pay package for Elon Musk worth up to $1T

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