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Meta signs nuclear power deal with Constellation Energy
Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy, continuing the wave of tech giants teaming up with the industry in order to meet the growing power needs of data centers. Beginning in June 2027, Meta will buy roughly 1.1 gigawatts of energy from Constellation’s Clinton Clean Energy Center in Illinois, […]
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Amazon’s pricing controls may be anticompetitive, German regulator warns
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024. Ina Fassbender | Afp | Getty Images German antitrust regulators warned Amazon on Monday that the company’s pricing mechanisms for third-party sellers could run afoul of competition laws. […]
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DoorDash CEO Tony Xu is taking on the role of industry consolidator in food delivery
Tony Xu, co-founder and CEO of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 22, 2019. Martina Albertazzi | Bloomberg | Getty Images During the depths of the Covid pandemic, with restaurants around the country facing an existential crisis, DoorDash CEO Tony Xu had an unconventional […]
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Why everyone is selling Dubai chocolate bars
As a new chocolate trend takes over the globe, U.S. companies like Shake Shack and Crumbl have worked quickly to capitalize on its continuing popularity with limited edition spinoffs, while other chocolate manufacturers have created dozens of dupes sold at Target, Costco, Amazon and now Trader Joe’s. The idea for “Dubai chocolate” was first […]
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Anthropic hits $3 billion in annualized revenue on business demand for AI
Jonathan Raa | Nurphoto | Getty Images Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter, in an early validation of generative AI use in the business world. The milestone, which projects the company’s current sales over the course of a year, is a significant jump […]
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U.S. foreign tax bill sends jitters across Wall Street
While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his laws could weaponize the American tax system. Investment banks and law firms warn this step could prove to be as significant as the impact of duties on investors. The “One Big Beautiful Bill Act,” which passed through the U.S. House […]
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Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters Amazon‘s devices unit has a new team tasked with inventing “breakthrough” consumer products that’s being led by a former Microsoft executive who helped create the Xbox. The ZeroOne team is spread across […]
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Amazon AI deal with New York Times brings the paper’s content to Alexa
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters The New York Times on Thursday struck a deal with Amazon allowing it to use the storied news organization’s content across its artificial intelligence platforms. The multi-year deal “will bring Times editorial […]
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3 key takeaways from Nvidia’s earnings: China blow, cloud strength and AI future
Nvidia reported strong fiscal first-quarter earnings on Wednesday. Wall Street was pleased with Nvidia’s continued sales growth, which hit 69% during the quarter. The company’s data center division continues to surge as companies, countries, and cloud providers snap up Nvidia graphics processors, or GPUs, for artificial intelligence software. “The team continues to maintain a 1- […]
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Getty Images spending millions to battle a ‘world of rhetoric’ in AI suit, CEO says
Getty Images’ logo seen displayed on a smartphone with an AI chip and symbol in the background. Budrul Chukrut | Sopa Images | Lightrocket via Getty Images LONDON — Getty Images is spending millions of dollars to take on a “world of rhetoric” through its Stability AI suit, the photo licensing company’s boss Craig Peters […]
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