Disney+ enters its cancel era, plus Netflix spends $18 billion
Summary Disney+ scraps long-form animation likely due to Moana’s success Netflix plans to spend $18 billion on content in 2025 The Traitors wraps up its best season with compelling reality TV drama When it comes to the latest and greatest on streaming, we’re pretty passionate here at Pocket-lint. From the
Dell expected to sign lucrative $5 billion deal wtih Elon Musk’s xAI, just weeks after HPE’s Colossus win
Dell is close to securing a $5 billion AI server deal with Elon Musk’s xAI The servers, featuring Nvidia GB200 chips, may support xAI’s supercomputer Analysts predict Dell’s AI server revenue could hit $14 billion by 2026 We recently reported HPE had beaten Supermicro and Dell Technologies to win a
Shein Is Said to Face Investor Pressure to Slash Valuation to $30 Billion
Fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion, according to people familiar with the matter, having in the past been valued at more than three times that amount. Shein shareholders are suggesting that an adjustment is needed to help get its potential initial public
Elon Musk wants to buy OpenAI for $97.4 billion
Elon Musk has launched a $97.4 billion bid to take control of OpenAI. The Wall Street Journal reports a group of investors led by Musk’s xAI submitted an unsolicited offer to the company’s board of directors on Monday. The group wants to buy the nonprofit that controls OpenAI’s for-profit arm. When
L’Oréal Sells €3 Billion of Sanofi Stock Back to Drugmaker
Cosmetics giant L’Oréal SA is selling a €3 billion ($3.1 billion) stake in Sanofi back to the French drugmaker, cashing in part of its holding after Sanofi’s shares outperformed the market over the past year. L’Oréal is selling 29.6 million shares at €101.50 each, the companies said in statements Monday.
DeepSeek might not be as disruptive as claimed, firm reportedly has 50,000 Nvidia GPUs and spent $1.6 billion on buildouts
Chinese startup DeepSeek recently took center stage in the tech world with its startlingly low usage of compute resources for its advanced AI model called R1, a model that is believed to be competitive with Open AI’s o1 despite the company’s claims that DeepSeek only cost $6 million and 2,048
.jpg?tr=w-780%2Cfo-auto&w=150&resize=150,150&ssl=1 "How verifiable credentials and digital wallets will transform travel")