Author: GT

Oracle is planning to spend around $40 billion on Nvidia chips to support a massive new data centre being developed by OpenAI in Texas, according to reporting by the Financial Times. The move marks one of the largest chip purchases to date and signals the growing demand for AI computing power.The site is located in Abilene, Texas, and is described as the first US “Stargate” data centre. It’s part of a long-term plan backed by OpenAI and SoftBank to create large-scale AI facilities. When finished next year, the Texas centre is expected to provide 1.2 gigawatts of computing power, placing…

Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024.Kevin Wurm | ReutersLAS VEGAS — Trump Media on Tuesday announced a $2.5 billion raise from institutional investors to bankroll one of the largest bitcoin treasury allocations by a public company.Shares of the company fell about 10% following the news.It’s the latest and most ambitious move in its evolution from a free-speech social platform to a financial services player.The deal includes $1.5 billion in common stock and $1 billion in convertible notes, with proceeds earmarked for the purchase of…

There’s no shortage of APIs, models, or hype in the current AI ecosystem. But for early-stage founders, the real question is: How do I turn this firepower into a product that actually works…and sells? That’s where Hao Sang, from OpenAI’s Startups Go-to-Market team, comes in. At TechCrunch Sessions: AI next week — June 5 at Zellerbach Hall in Berkeley, California — he’ll unpack what it takes to build a durable AI engine inside a startup, from early integrations to responsibly scaling on frontier models. Image Credits:TechCrunch Sang works directly with founders who are in the trenches, helping them translate foundational…

As companies rely more on automated systems, ethics has become a key concern. Algorithms increasingly shape decisions that were previously made by people, and these systems have an impact on jobs, credit, healthcare, and legal outcomes. That power demands responsibility. Without clear rules and ethical standards, automation can reinforce unfairness and cause harm.Ignoring ethics affects real people in real ways, not only changing degrees of public trust. Biased systems can deny loans, jobs, or healthcare, and automation can increase the speed of bad decisions if no guardrails are in place. When systems make the wrong call, it’s often hard to…

A Square-powered bitcoin checkout is now live on the Vegas Strip, where Bitcoin 2025 attendees can scan and pay for merch in seconds using the Lightning Network.Miles SuterLAS VEGAS — Jack Dorsey’s latest bitcoin vision is hitting the checkout counter — starting with a merch truck parked just off the casino floor inside The Venetian.This week at Bitcoin 2025, Square is piloting real-time bitcoin payments, letting attendees scan and spend crypto for T-shirts, hoodies, and hats at the BTC Inc. pop-up store. The system runs on Lightning, which settles transactions off the main blockchain and is faster and cheaper than…

We’re absolutely thrilled to announce that Eunice Kim, chief product officer of Netflix, will be joining us on the main stage at TechCrunch Disrupt’s 20th anniversary celebration this October 27-29 at Moscone West in San Francisco! As we mark two decades of TechCrunch Disrupt, there’s perhaps no better embodiment of transformative growth than Netflix’s journey during this same period. From DVD-by-mail startup to global streaming giant reaching more than 300 million subscribers worldwide, Netflix has fundamentally reshaped how we consume entertainment, and Kim is architecting that entire experience. Image Credits:TechCrunch Since being named CPO at Netflix in October 2023, Kim…

National Economic Council Director Kevin Hassett said Tuesday that the Trump administration does not want to “harm Apple” with tariffs.”Everybody is trying to make it seem like it’s a catastrophe if there’s a tiny little tariff on them right now, to try to negotiate down the tariffs,” Hassett told CNBC’s “Squawk Box” on Tuesday. “In the end, we’ll see what happens, we’ll see what the update is, but we don’t want to harm Apple.”Hassett’s comments come after President Donald Trump said in a social media post that Apple will have to pay a tariff of 25% or more for iPhones made outside the U.S. Apple has historically manufactured its products…

Anthropic has unveiled its latest Claude 4 model family, and it’s looking like a leap for anyone building next-gen AI assistants or coding. The stars of the show are Claude Opus 4, the new powerhouse, and Claude Sonnet 4, designed to be a smart all-rounder.Anthropic isn’t shy about its ambitions, stating these models are geared to “advance our customers’ AI strategies across the board.” They’re positioning Opus 4 as the tool to “push boundaries in coding, research, writing, and scientific discovery,” while Sonnet 4 is billed as an “instant upgrade from Sonnet 3.7,” ready to bring “frontier performance to everyday…

Japan’s Nippon Steel is expected to acquire U.S. Steel for $55 per share, sources familiar with the matter told CNBC’s David Faber.President Donald Trump cleared Nippon’s bid for U.S. Steel on Friday, referring to the deal as a “partnership.” Trump said Nippon will invest $14 billion of investment over the next 14 months. U.S. Steel’s headquarters will remain in Pittsburgh, the president said.President Joe Biden had blocked Nippon’s bid for U.S. Steel on national security grounds, arguing that the deal will potentially jeopardize critical supply chains. But Trump ordered a new review of the proposed acquisition in April, despite his…

Hyperscalers and data center developers are in a pickle: They all want to add computing power tomorrow, but utilities frequently play hard to get, citing years-long waits for grid connections. “All the AI data centers are struggling to get connected,” Amit Narayan, founder and CEO of Gridcare, told TechCrunch. “They’re so desperate. They are looking for solutions, which may or may not happen. Certainly not in the five year timelines they cite.” That has led many data centers to pursue what’s called “behind the meter” power sources — basically, they build their own power plants, a costly endeavor that hints…