Joseph Nordqvist

Databricks announced plans to raise a mammoth $10 billion at a $62 billion valuation, marking one of the largest private funding events in recent memory.

The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, moving the target range to 4.25% to 4.5%. It represents the third consecutive cut since September, a policy shift that officials believe has made monetary conditions “significantly less restrictive.”

Vultr, a privately-held cloud infrastructure provider based in West Palm Beach, Florida, announced fresh funding this week that puts the company’s valuation at $3.5 billion. The $333 million infusion came from LuminArx Capital Management and AMD Ventures, marking the first time Vultr has accepted outside equity since it began operations a decade ago. This injection of capital points to a sharpened focus on AI infrastructure, as Vultr aims to broaden its global footprint and give businesses more options beyond the large-scale providers.

Tesla may be preparing to launch a driverless fleet of electric vehicles in Austin, Texas. Emails obtained by Bloomberg show that there’s been regular communication between Tesla and the the city of Austin’s autonomous vehicle task force since May.

Google plans to introduce an “AI Mode” option in its search engine, a step closer to a future where AI chatbots and traditional search listings blend. Reports from The Information and The Verge reveal that a new tab, positioned next to categories like Images and Videos, will give users access to responses resembling those offered by its Gemini AI tool.

OpenAI’s latest announcement has triggered a mix of curiosity and awe. After months of suspense, the AI startup officially the o3 model family, which includes the flagship o3 and its compact counterpart, o3-mini.

Volkswagen and Germany’s largest union, IG Metal, have wrapped up negotiations and finally come to an agreement over a dispute which threatened to close several factories across the country.

Quantum information has just been transmitted across a busy fiber optic network, offering a glimpse into how future communication systems might run on existing infrastructure. Researchers at Northwestern University, led by Professor Prem Kumar, reported

Google’s search monopoly battle has entered a new phase, and the proposed fixes from all sides suggest there’s a lot at stake. On one side, the Department of Justice wants the court to step in with more dramatic changes — possibly forcing Google to sell its Chrome web browser or breaking off parts of its Android empire. On the other side, Google is hoping smaller shifts can satisfy the judge’s orders without tearing its business apart.

Apple is rumored to be making a big entrance in home security with plans to release a smart doorbell system that uses facial recognition. Bloomberg tech journalist Mark Gurman reports that Apple is integrating Face ID into a smart home accessory that could do exactly that.