Group14 has raised $169 million and plans to build a battery materials factory in Spain as it expands beyond Washington and South Korea. Meanwhile, the Seattle-area startup now expects to bring the first module of its delayed Moses Lake factory online in mid-2027. Read More
Zillow will pay $212.5 million to settle a shareholder class action alleging it misled investors about Zillow Offers, the home-flipping business it shut down in 2021. The deal, which needs court approval, comes three weeks after the U.S. Supreme Court declined to hear Zillow's challenge to the case's class status. Read More
OpenAI generated $10 billion in revenue for Microsoft in the quarter ended Sept. 30, about 11% of Microsoft's total, according to the company's quarterly filing. That's more than Microsoft made in the quarter from Xbox, search and advertising, or Windows PC licensing and Surface devices. Read More
Microsoft's Azure cloud business brought in $33.2 billion in the September quarter, up 48%, the first time the company has reported Azure's quarterly revenue. Total revenue rose 19% to $92.3 billion, while capital spending of $45.2 billion came in below Microsoft's forecast of more than $50 billion. Read More
Seattle startup Ganaz, which makes payroll and HR software for agricultural employers and workers, has been acquired by Toronto-based Beacon Holdings. Co-founder and CEO Hannah Freeman is stepping away, and the deal’s financial terms weren’t disclosed. Read More
F5 shares fell about 20% Wednesday after the company forecast slower revenue growth and lower margins for fiscal 2027, despite beating Wall Street's estimates for its fiscal fourth quarter. F5 also plans to double its team of specialist AI security sellers and more than double its marketing in that area. Read More
Hilco Global is marketing 17 patents and applications from the defunct Seattle homebrew startup on behalf of Pico Craft Group, which bought the assets in 2024. Read More
Mike Sievert is leaving T-Mobile’s board and vice chair role on Nov. 1, a year after stepping down as CEO. The company says the advisory role was always intended to last a year, wrapping up his time at the wireless giant he joined in 2012. Read More
WASHINGTON (AP) — An inflation gauge closely monitored by the Federal Reserve accelerated last month, showing that prices remain elevated less than a week from midterm elections in which affordability concerns have become a central issue. Consumer prices rose 3.6% in September compared with a year earlier, the Commerce Department said Thursday, up from 3.4% […]
HARRISBURG, Pa. (AP) — Utah on Wednesday filed criminal charges against prediction market operator Kalshi and two of its executives, months after a federal judge rejected Kalshi’s effort to prevent Utah from enforcing its strict anti-gambling laws against the activity. The felony charges could represent a new tactic in how states try to assert regulatory […]
WASHINGTON (AP) — The Pentagon’s watchdog is refusing a bipartisan request to investigate recent disruptions to Starlink and Starshield satellite internet service to Ukraine, raising concerns among lawmakers that the military and even its independent inspector general are reluctant to confront the influence that SpaceX chief Elon Musk has over defense communications. critical to Ukraine’s […]
HARRISBURG, Pa. (AP) — New York is enacting farther-reaching restrictions on companion chatbot behavior, as states increasingly move to protect children who use artificial intelligence, regulate how employers deploy AI systems and push developers to prevent an AI-caused catastrophe. Legislation signed Wednesday by Gov. Kathy Hochul outlines a dozen definitions of “unsafe AI companion features” […]
Google parent company Alphabet Inc. came up short of Wall Street expectations despite strong revenue growth in its third-quarter results, which sent its stock falling in after-hours trading Wednesday. The Mountain View, California-based company said its net income was $26.17 billion in the July-September period. That’s down from $34.98 billion in the same period a […]
Anthropic has the chance to make history with what could be the biggest initial public offering of stock ever. The artificial intelligence lab filed papers Monday setting up a Wall Street debut next month, ahead of its chief rival OpenAI and just months after SpaceX set records in June with an initial public offering that […]
ALBUQUERQUE (AP) — A major hospital network in New Mexico was racing to fix a cybersecurity issue on Monday that forced it to send ambulances to other hospitals and left the state without an emergency department capable of treating the most serious injuries. The University of New Mexico Health System told people not to show […]
Anthropic expanded its support for the nonprofit sector Monday, even as the artificial intelligence company filed to sell shares to the public for the first time. The maker of the AI assistant Claude said the moves are all part of its broader strategy for “compounding good.” Anthropic launched a new Claude for Nonprofits plugin created […]
SAN FRANCISCO (AP) — Artificial intelligence giant Anthropic filed papers Monday to sell shares to the public for the first time. The filing sets up the San Francisco company for a Wall Street debut next month in what could be the biggest ever initial public sale of stock.
LOS ANGELES (AP) — As tech companies race to build the most powerful artificial intelligence, some are also asking how to teach a chatbot right from wrong. Their answer? Religion. “These are not questions a lab can answer,” Anthropic co-founder Chris Olah said earlier this year at the Vatican’s presentation of Pope Leo XIV’s encyclical […]
HONG KONG (AP) — With the two leading AI powers, the United States and China, forming their own AI blocs, other countries are maneuvering to harness the strengths of both groupings and avoid losing out. As the rivalry intensifies, experts say the window for countries to be able to choose freely between the two AI […]
Slotted for 7 a.m. EDT Saturday, 10/24. Even as automated vehicles such as robotaxis grow more prevalent in the U.S., almost every mass transit system still requires a driver or operator on board. Two major cities are seeking to change that. Officials in Washington, D.C., recently advanced a plan that could let computers fully control […]
CAPE CANAVERAL, Fla. (AP) — NASA is moving fast on its plans to build a moon base and return astronauts to the lunar surface in as little as two years. Administrator Jared Isaacman said Friday that the space agency is still on track to launch Artemis III next summer on a docking exercise with Elon […]
The fears of a bubble in the sector grow, but the potential impact on workers in some sectors is clear. Here’s a look at some of the companies that have announced layoffs or hiring reductions this year that are tied in some way to massive spending on AI. Barclays The U.K. bank and financial services […]
