PayPay shares rose nearly 20% in the Japanese mobile payment app’s debut in the U.S. stock market Thursday, before closing with a 13% gain and market cap of $12 billion. The company raised almost $880 ...

BuzzFeed is “exploring strategic options” to close the gap between its roughly $26 million market capitalization and what executives see as the value of the digital media firm’s assets, the company ...

Adobe announced that Shantanu Narayen is planning to step down as CEO after 18 years as soon as the company finds his successor, although he’ll stay on as board chair. It’s the latest example ...

AI coding startup Cursor is in discussions with investors to raise a funding round that could value the startup at $50 billion, Bloomberg reported on Wednesday. The discussions are preliminary and may ...

Zihang Dai, a co-founder of xAI, has left Elon Musk’s artificial intelligence firm, Business Insider reported on Thursday, the latest in a string of high-profile exits this year. Another co-founder, ...

Elon Musk’s xAI is hiring two senior Cursor leaders as part of an effort to catch up with AI rivals in coding, according to a person with direct knowledge of the move. The pair, Andrew Milich and ...

Microsoft Executive Vice President Rajesh Jha, who oversees the business unit that includes Windows, Office, and Microsoft’s Surface devices, will retire July 1, he said in a memo to staff Thursday.

OpenAI plans to soon launch its Sora AI-generated video capabilities in ChatGPT, according to people with knowledge of the effort. The strategy shift could increase the chatbot’s usage as well as its ...

For years, the subject of electric flying taxis conjured up images of sci-fi helicopters that looked like insects, took off and landed vertically, and flew almost silently above traffic-choked city ...

Anthropic is in talks with a consortium of private equity firms including Blackstone and Hellman & Friedman about forming an AI-focused joint venture to sell the Claude maker’s technology to companies ...

Microsoft is in advanced talks to lease hundreds of megawatts of data center capacity at a closely watched artificial ...

Nvidia will invest $2 billion in Amsterdam-based AI cloud company Nebius Group and the two companies will work together to build data centers using 5 gigawatts of energy by the end of the decade. The ...