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Technology

India lauds Chinese AI lab DeepSeek, plans to host its models on local servers

India’s IT minister on Thursday praised DeepSeek‘s progress and said the country will host the Chinese AI lab’s large language models on domestic servers,...

Meteomatics eyes U.S. expansion for its enterprise-focused weather forecasting tools

Martin Fengler knows a lot about the weather. Fengler got his Ph.D. in mathematics, focused on numerical weather prediction, before working for Meteomedia AG,...

Helion raises $425M to help build a fusion reactor for Microsoft

Few fusion startups have been as closely watched as Helion. The 12-year-old company is backed by Sam Altman, rumored to be in talks with...

DeepSeek ‘punctures’ AI leaders’ spending plans, and what analysts are saying

Chinese AI firm DeepSeek has emerged as a potential challenger to U.S. AI companies, demonstrating breakthrough models that claim to offer performance comparable to...

Real estate firms pivot to energy development amid booming data center demand

Brendan Wallace has a lot on his mind lately. Wallace is the co-founder of Fifth Wall Ventures, a nine-year-old proptech venture firm with $3.2...

Wall Street banks plan sale of X debt at a discount

Bankers are reportedly gearing up to offload debt used to fund Elon Musk’s social network, for which he paid $44 million in 2022 including...

LG Electronics takes majority stake in Bear Robotics, reportedly valuing startup at $600M

LG Electronics is betting on robotics as its next big growth driver. The South Korean electronics company said on Friday that it has agreed...

OpenAI may preview its agent tool for users on the $200 per month Pro plan

We may see OpenAI’s agent tool, Operator, released sooner rather than later. Changes to ChatGPT’s code base suggest that Operator will be available as...

Google hit with $12.6M fine in Indonesia for monopolistic practices in payment system

Indonesia’s antitrust agency KPPU fined Google 202.5 billion Rupiahs, equivalent to $12.6 million, on Wednesday for antitrust violation related to its payment system services...

HPE investigating security breach after hacker claims theft of sensitive data

Hewlett-Packard Enterprise is investigating a data breach after a well-known hacker claimed to have stolen sensitive information from the company. The hacker, who uses the...

Blinkit signals costly battle ahead in Indian quick commerce market

Zomato’s quick-commerce business, Blinkit, is accelerating its expansion in India, but it expects losses to continue piling up as competition intensifies in India’s instant...

Apple lists all apps it removed alongside TikTok in the U.S.

Amid the TikTok shutdown, in a rare move, Apple published a statement and a support document listing all affected apps that are inaccessible in...

EV startup Canoo files for bankruptcy and ceases operations

Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will “cease operations immediately.” The company is liquidating its assets in a Chapter 7...

Nord Security founders launch Nexos.ai to help enterprises take AI projects from pilot to production

A new AI orchestration startup from the founders of Lithuanian unicorn Nord Security is setting out to help enterprises put their AI projects into...

Blue Origin successfully launches New Glenn rocket into space

Jeff Bezos’ spaceflight company Blue Origin launched its new mega-rocket, called New Glenn, into orbit for the first time. The rocket lifted off at 2:03AM...

SoftBank veteran hunts for profits in payments infrastructure plumbing

In the summer of 2020, as pandemic-driven volatility gripped markets, SoftBank Group shocked Wall Street with a series of massive options bets on U.S....