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Groq Valued at $3.5 Billion in Funding Round After Nvidia Deal
Bloomberg38d agoneutral
Groq Valued at $3.5 Billion in Funding Round After Nvidia Deal

Groq has raised $350 million in funding at a $3.5 billion valuation, roughly half what it was worth nearly a year ago before Nvidia Corp. struck a licensing deal with the startup and hired away much of its talent.The financing, set to be announced Monday, was led by Dallas-based investment firm Disruptive. Nvidia is also set to invest in the round, according to a representative for Groq. Nvidia did not respond to a request for comment. Founded in 2016, Groq was among the companies developing the

Forkast News39d agoneutral
Stripe Acquires OpenRouter for $7B+, Turning Model Routing Into a Payments Infrastructure Problem

Stripe has finalized an agreement to acquire OpenRouter for more than $7 billion, according to a Bloomberg report published August 16, 2026. The acquisition, which follows initial reports of talks by the Wall Street Journal in July, marks a significant consolidation in the artificial intelligence infrastructure market. While a Stripe spokesperson told TechCrunch that the […]

Reddit just landed in the big leagues
TheStreet39d agoneutral
Reddit just landed in the big leagues

Wall Street loves a good redemption arc, but it rarely hands one out for free. The market makes companies wait, publicly and sometimes painfully, before admitting they belong. Few companies know that waiting game better than Reddit (RDDT). For two decades, the platform was the internet’s message ...

Apple may finally have a $2,000 reason to enter foldables
TheStreet39d agoneutral
Apple may finally have a $2,000 reason to enter foldables

The foldable smartphone used to resemble an expensive technical experiment. Now they’re starting to appear more like something Apple can sell. That change is significant since Apple (AAPL) has spent years ignoring a category that competitors, including Samsung, Google, Motorola, Huawei, and others, ...

Investing.com40d agoneutral
How could open-weight models impact GenAI ROIC?

Investing.com -- The rise of lower-cost open-weight AI models could pressure pricing and returns for model developers, but hyperscalers should continue generating attractive returns from the computing infrastructure needed to run them, Morgan Stanley analysts said.

Berkshire Hathaway boosted stake in Alphabet, homebuilders in the second quarter
Associated Press40d agoneutral
Berkshire Hathaway boosted stake in Alphabet, homebuilders in the second quarter

Berkshire Hathaway is increasing the size of its stake in Google's parent company and beefing up its holdings in homebuilders, according to the conglomerate's latest snapshot of its investment portfolio. The Omaha, Nebraska-based company also continued to pare its stake in financial companies and a number of other stocks in the April-June quarter, according to a regulatory filing filed late Friday. CEO Greg Abel, who took over from Warren Buffett at the start of the year, agreed in June to make a $10 billion stock investment in Alphabet, expanding on the stake that Berkshire started to build last fall.

‘Big Short’ investor warns AI boom has quiet weak spot
TheStreet41d agoneutral
‘Big Short’ investor warns AI boom has quiet weak spot

The artificial-intelligence boom is sold to investors as one of the broadest technology shifts in decades. And a shockingly substantial part of the answer may lie with just two corporations, says Steve Eisman. The investor best known for betting against the U.S. housing market before the financial ...

Investing.com41d agoneutral
Why AI is unlikely to be an apocalypse for jobs

Investing.com -- Artificial intelligence is more likely to replace individual tasks than entire occupations, limiting the risk of widespread job destruction, BofA Global Research said in a report examining employment across 206 US industries.

Maryland tax court voids digital ad tax, orders refunds to Apple, Google and Peacock TV
Associated Press41d agoneutral
Maryland tax court voids digital ad tax, orders refunds to Apple, Google and Peacock TV

A Maryland state tax court has struck down the state’s first-in-the-nation tax on digital advertising and ordered state officials to repay the tax money already collected from big tech firms. The Maryland Tax Court said the tax violates the federal Internet Tax Freedom Act as well as the First Amendment and the commerce and due process clauses of the U.S. Constitution. Maryland estimated the tax, approved in 2021, could raise about $250 million a year to help pay for a sweeping K-12 education measure.

Tiger Global Management cuts stakes in Big Tech, buys into SpaceX
Reuters41d agoneutral
Tiger Global Management cuts stakes in Big Tech, buys into SpaceX

Tiger Global Management trimmed several of its Big Tech stakes, exited Netflix, and took positions in Advanced ‌Micro Devices and SpaceX during the second quarter, according to ‌regulatory disclosures filed Friday. • The hedge fund cut its Alphabet holdings by 45.4% to 5.81 million shares as of June 30 from the end of March, and its Nvidia stake by 6.8% to 11.20 million shares. • ‌It trimmed its Microsoft ⁠stake by 9.3% to 2.27 million shares and its Amazon position by 3.2% to 9.68 million shares.

Trader reportedly loses $550,000 to Google ad scam
TheStreet41d agoneutral
Trader reportedly loses $550,000 to Google ad scam

A crypto trader has reportedly lost approximately $550,000 in USDC as they fell victim to a Google advertisement phishing scam, as per the crypto asset tracing and recovery firm FlashRescue's co-founder Darcy. On Aug. 13, Darcy posted on X that the user lost the sum to a paid Google ...

Big Tech's Earnings Growth Largely Reflects Investment Gains
The Wall Street Journal41d agoneutral
Big Tech's Earnings Growth Largely Reflects Investment Gains

71% That's the share of Alphabet’s quarterly profits that came from "other income" last quarter. The gains came from revaluing equity holdings, which include SpaceX and Anthropic. Other income made up 66% of Amazon’s earnings, primarily due to its stake in Anthropic.

Alphabet's SpaceX bet grows 100-fold over a decade to $94 billion
Reuters41d agoneutral
Alphabet's SpaceX bet grows 100-fold over a decade to $94 billion

Alphabet's early bet on SpaceX has multiplied more than 100-fold, with the Google parent disclosing a stake worth about $94 billion at the end of June compared with the $900 million investment it said ‌it made in Elon Musk's rocket company in 2015. Alphabet has emerged as by far the largest single institutional holder of SpaceX ‌following its $86 billion IPO in June, according to a Reuters analysis of quarterly filings made public so far. The filings shed new light on the scale of positions acquired by ​SpaceX's backers as the company transitioned from a closely held startup to a publicly traded giant.

Apple’s next iPhone battle just got more complicated
TheStreet42d agoneutral
Apple’s next iPhone battle just got more complicated

Apple (AAPL) is preparing to undertake a pretty unpleasant AI test. Google has unveiled the Pixel 11 series. With Gemini Intelligence incorporated much more deeply into the smartphone experience, it offers customers an AI assistant that can comprehend what they're doing across messaging, calendars, ...

Google makes costly bet Apple proved can work
TheStreet42d agoneutral
Google makes costly bet Apple proved can work

For years, Google had a problem that even its dominance of internet search couldn't solve: Apple owned the relationship with hundreds of millions of valuable consumers through the devices they carried every day. Alphabet's (GOOGL) Google is making another attempt to close that gap, and its new ...