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Saudi Arabia, long viewed as a fountain of cash for the tech industry, has flipped the script, getting U.S. companies to fund its build-out of artificial intelligence.
President Donald Trump announced hundreds of billions of dollars in deals when he visited Riyadh this week. The announcements touted investments in the U.S., but in many cases the Saudi money will go to U.S. companies to fund projects inside Saudi Arabia.
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The Information
A leaker known as Majin Bu today shared images of an alleged battery pack for Apple's upcoming iPhone 17 Air model, which is expected to launch in September. The battery apparently has a metal cover, just like the iPhone 16 Pro's battery. This cover would help to dissipate heat generated by the battery inside the ultra-thin iPhone 17 Air, which is expected to measure just 5.5mm at its thinnest point.... Read more ›
2,392 fresh
This article is visible for CLUB members only. If you are already a member but don’t see the content of this article, please login here. If you’re not a CLUB member yet, but you’d like to read members-only content like this one, have unrestricted access to the site and benefit from many additional perks, you ... Read more ›
2,361 fresh
Horizon Microtechnologies has passed outgassing standard tests that bring us one step closer to using 3D printing components in space travel. Read more ›
1,543 fresh
Trump escalated pressure on Fed Chair Jerome Powell in a Truth Social post on Friday, urging the Fed's board to intervene and slash interest rates. Read more ›
1,493 fresh
The extremely popular entertainer has received backlash for her criticism of Israeli policies. Read more ›
1,200 fresh
Far more Android devices were sold in the same period as Apple sold 1 billion iPhones. Read more ›
983 fresh
Google AI Ultra subscribers now have access to Deep Think, Google’s most advanced reasoning model yet for Gemini 2.5. The new model was first unveiled at Google I/O, and after feedback from "early trusted testers," is now being rolled out to a wider audience. For now, access is limited to the highest-tier AI subscription Google offers, which will run you a cool $250 per month. The public version of Deep... Read more ›
860 fresh
During a trip from Miami to Tampa, I learned that traveling by Amtrak isn't much cheaper or faster than driving or flying. Read more ›
683 fresh
Tim Cook has now served as Apple's chief executive officer (CEO) for longer Steve Jobs' entire tenure, including the latter's time as interim CEO. Steve Jobs served as Apple's CEO across two distinct stretches: first as interim CEO from September 16, 1997 to January 5, 2000, a period lasting 841 days, and then as official CEO from January 5, 2000 until his resignation on August 24, 2011, a span of... Read more ›
679 fresh
Startup Brilliant Labs has announced a successor to its $349 open-source Frame smart glasses, which debuted early last year with features like AI-powered translations and the ability to identify what you were looking at. Its new $299 Halo smart glasses are priced closer to Meta’s entry-level Ray-Ban models and come with upgraded AI capabilities, including […] Read more ›
632 fresh
As a dieititan who's trying fibermaxxing while following a Mediterranean diet, I go to Costco for high-fiber foods like frozen berries and plums. Read more ›
587 fresh
Intel’s new XeSS 2.1 SDK expands support to Nvidia and AMD GPUs, unlocking frame generation and low-latency rendering across Shader Model 6.4-compatible cards. Read more ›
565 fresh
Being a Nintendo fan keeps getting more expensive. The company announced Friday price hikes coming for the original Switch. Read more ›
544 fresh
I wanted to be a perfect mother the first time around. Now I have five kids and I aim for me Read more ›
540 fresh
China is increasing efforts to counter Elon Musk’s Starlink, the world’s largest satellite internet network. From attack satellites and lasers to building its own mega-constellation, Beijing sees Starlink’s dominance and US military links as a major security risk. But with 8,000 satellites already in orbit, can China contain Starlink? Read more ›
500 fresh
You can run BF6 on an eight-year-old CPU and six-year-old GPU but Steam Deck is left out of the fight Read more ›
479 fresh
Job growth missed the forecast of 106,000 in July, and unemployment rose from 4.1% to 4.2%. Read more ›
450 fresh
We’re only 3 months removed from Verizon committing to a 3-year price lock and the price increases have arrived. While these aren’t price increases directly related to their wireless plans, they will hit almost all customers because they are the fees that Verizon charges for various items. Verizon fee price increases: According to a reddit … Continued Read the original post: Verizon is Raising Prices After Committing to 3-Year Price... Read more ›
449 fresh
The Information
Meta Platforms has named Shengjia Zhao as the chief scientist of Meta Superintelligence Labs, its new artificial intelligence organization, CEO Mark Zuckerberg said in a post on Threads on Friday. “Shengjia will set the research agenda and scientific direction for our new lab working directly ... Read more ›
66
OpenAI roughly doubled its revenue in the first seven months of the year, reaching $12 billion in annualized revenue, according to a person who spoke to OpenAI executives. That figure implies the ChatGPT maker is generating $1 billion a month, compared to about $500 million a month at the start of the year. The growth comes as the company logs roughly 700 million weekly active users for its ChatGPT products... Read more ›
49
Groq, a richly funded chip startup trying to take on Nvidia, told investors early this year it was on track to have more than $2 billion in revenue for 2025. Within the past month, the number it gave to investors has fallen to more than $500 million, according to documents viewed by The Information. Groq’s $2 billion projection came around the time it inked a $1.5 billion deal with Saudi... Read more ›
49
Fireworks AI, a three-year-old startup that rents out Nvidia chip servers to developers that use artificial intelligence models, is in talks to raise funding at a $4 billion valuation in a round led by new investor Lightspeed Venture Partners and Index Ventures, The Information reported. A ... Read more ›
34
When Google’s billionaire co-founder, Sergey Brin, needs something done at the company’s artificial intelligence unit—AI chips allocated to a team, a researcher hired, an employee moved to a new department—there’s one person he messages: Koray Kavukcuoglu. Kavukcuoglu isn’t Google’s flashiest AI leader, though he’s the chief technology officer of its AI unit, Google DeepMind, and the chief AI architect for the entire company. He lacks the celebrity of Brin and... Read more ›
33
Before we get to today's column, my colleague Valida and I reported Tuesday that Canadian AI model maker Cohere is in talks to raise up to $500 million in a new funding round at a $6.3 billion valuation. Existing investors Inovia Capital and Radical Ventures are in talks to invest in the round. This company recently generated revenue at an annual pace of $100 million. At a $6.3 billion valuation,... Read more ›
27
Silicon Valley royalty are set to be the big winners from Figma’s initial public offering this week. Former Meta and Google executive Sheryl Sandberg, former LinkedIn CEO Jeff Weiner, and venture capital firms Greylock Partners and Kleiner Perkins are all turning modest investments into windfalls ranging from tens of millions to more than $1 billion. Sandberg and Weiner were among the participants in Figma’s seed round, via a roughly $1.5... Read more ›
25
Amazon is taking steps to keep other companies’ artificial intelligence shopping tools from swarming its e-commerce site. In recent weeks, Amazon updated the code underpinning its website to add language warding off new AI agents from Google. These changes follow restrictions Amazon added earlier this year calling out bots from Perplexity, Anthropic’s Claude and OpenAI’s ChatGPT. Read more ›
14
Nearly everywhere I look, I’m seeing signs of how artificial intelligence is shaking up the way we engage online, from shopping to social media. OpenAI is reportedly working on a new checkout feature, betting that more consumers will turn to chatbots like its ChatGPT to find and purchase products. At the same time, I’m seeing an influx of realistic AI videos on my social media feeds, while a new generation... Read more ›
11
For big tech, business is booming. That’s good, because their costs are also skyrocketing. Microsoft and Meta Platforms both reported better than projected June-quarter earnings on Wednesday, sending stocks of the two leaping 9% and 11.7%, respectively, in after-hours trading. But there may well be a reckoning, as both companies projected sizable increases in spending on artificial intelligence in the next year.Right now, though, investors and company executives are celebrating.... Read more ›
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Most popular sources
Business Insider
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23% 3 |
Gizmodo
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13% 2 |
MacRumors
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10% 7 |
Wired
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8% 2 |
Android Authority
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8% 2 |
| View sources » | |
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01.08.2025 12:07
Last update: 12:01 EDT.
News rating updated: 19:03.
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